Document:

Exhibit 10.3

Exhibit 10.3

A. SCHULMAN, INC.

AMENDED AND RESTATED

2006 INCENTIVE PLAN

INSTRUCTIONS FOR COMPLETING TIME-BASED RESTRICTED STOCK AWARD 

AGREEMENT FOR EMPLOYEES

Code Sheet

The following codes are used in this Award Agreement and should be replaced using your computer’s
“Replace” function.

VTA
Grantee’s name (all capital letters)

JANUARY 12, 2011 Grant Date (all capital letters)

January 12, 2011 Grant Date (initial capital letters only)

Rand
Torgler Person to contact for more information

(330) 668-7224 Contact’s telephone number, including area code

February 17, 2011 Date that is 30 days after the Grant Date (initial capital letters only)

Vtf Number of Shares of Restricted Stock granted (insert only the number in Arabic
numerals)

3550
West Market Street Contact’s street address

Akron
OH 44333 Contact’s city, state and zip code

2011 Calendar year in which grant is made (e.g., 2009)

Vtq Grantee’s name (initial capital letters only)

 

 

 

A. SCHULMAN, INC.

AMENDED AND RESTATED

2006 INCENTIVE PLAN

TIME-BASED RESTRICTED STOCK AWARD AGREEMENT GRANTED TO

VTA on JANUARY 12, 2011

A. Schulman, Inc. (“Company”) believes that its business interests are best served by extending to
you an opportunity to earn additional compensation based on the growth of the Company’s business.
To this end, the Company adopted, and its stockholders approved, the A. Schulman, Inc. Amended and
Restated 2006 Incentive Plan (“Plan”) as a means through which employees like you may share in the
Company’s success. Capitalized terms that are not defined herein shall have the same meanings as
in the Plan.

This Award Agreement describes many features of your Award and the terms and conditions of your
Award. To ensure you fully understand these terms and conditions, you should:

	 	•	 	Read the Plan carefully to ensure you understand how the Plan works;

	 	•	 	Read this Award Agreement carefully to ensure you understand the nature of your Award
and what you must do to earn it; and

	 	•	 	Contact Rand Torgler at (330) 668-7224 if you have any questions about your Award.

Also, no later than February 17, 2011, you must return a signed copy of the Award Agreement to:

Rand Torgler

A. Schulman, Inc.

3550 West Market Street

Akron OH 44333

Nature of Your Award

You have been granted Shares of Restricted Stock. If you satisfy the terms and conditions
described in this Award Agreement, the restrictions imposed on your Restricted Stock will lapse and
you will own the Shares. These and other conditions affecting your Restricted Stock are described
in this Award Agreement and the Plan, both of which you should read carefully.

Grant Date: January 12, 2011.

Number of Shares of Restricted Stock: You have been granted Vtf Shares of Restricted Stock,
subject to the terms and conditions of this Award Agreement and the Plan.

When Your Award Will Vest

Until the terms and conditions described in this Award Agreement and the Plan are met, your Shares
of Restricted Stock will be held in escrow. Your Shares of Restricted Stock will be either
released from escrow and distributed to you, free of any restrictions, or forfeited, depending on
whether or not you satisfy the terms and conditions described in this Award Agreement and in the
Plan.

 

1

 

Normal Vesting Date: Normally, subject to your continued employment with the Company or a Related
Entity, restrictions on 33 1/3 % of your Shares of Restricted Stock will lapse (i.e., your Shares
of Restricted Stock will vest) on each of the first, second and third anniversaries of the Grant
Date. For purposes of this Agreement, each 12-month period ending on an anniversary of the Grant
Date shall be referred to as a “Vesting Year.”

However, your Restricted Stock may vest earlier in the circumstances described below.

How Your Restricted Stock Might Vest Earlier Than the Normal Vesting Date: Your Restricted Stock
will immediately vest if there is a Change in Control.

How Your Termination of Employment Will Affect Your Restricted Stock: You may forfeit your
Restricted Stock if you Terminate before the Normal vesting date, although this will depend on why
you Terminate.

	 	•	 	If you Terminate because of [1] death or [2] Disability, your Restricted Stock
will fully vest on your Termination date.

	 	•	 	If you Terminate because of Retirement and if the Committee agrees to treat your
Termination as a Retirement, a prorata portion of your Restricted Stock will vest
on your Retirement date equal to: [1] the number of unvested Shares of Restricted
Stock that would have become vested if you had remained employed through the end of
the Vesting Year in which you Terminate, multiplied by [2] a fraction, the
numerator of which is the number of whole months you were employed during such
Vesting Year and the denominator of which is 12.

	 	•	 	If you Terminate under any other circumstances, all of the Restricted Stock
granted through this Award Agreement will be forfeited on your Termination date.

Settling Your Award

If the restrictions on your Restricted Stock lapse, your Restricted Stock will be settled
automatically.

Other Rules Affecting Your Award

Rights During the Restriction Period: During the Restriction Period (and even though the Shares of
Restricted Stock are held in escrow until they are settled), you may exercise any voting rights
associated with your Shares of Restricted Stock. You also will be entitled to receive any
dividends or other distributions paid with respect to your Shares of Restricted Stock, although
such dividends and other distributions also will be held in escrow and subject to the same
restrictions on transferability and forfeitability as the Shares of Restricted Stock with respect
to which they were paid under this Award Agreement until the Restricted Stock is settled and
distributed to you (or forfeited), depending on whether or not you have met the conditions
described in this Award Agreement and in the Plan.

 

2

 

Beneficiary Designation: You may name a beneficiary or beneficiaries to receive any portion of
your Award and any other right under the Plan that is unsettled at your death. To do so, you must
complete a beneficiary designation form by contacting Rand Torgler at (330) 668-7224 or the address
below. If you previously completed a valid beneficiary designation form, such form shall apply to
the Award until changed or revoked. If you die without completing a beneficiary designation form
or if you do not complete that form correctly, your beneficiary will be your surviving spouse or,
if you do not have a surviving spouse, your estate.

Tax Withholding: Certain taxes must be withheld when your Award vests and is settled. These taxes
may be paid in one of several ways. They are:

	 	•	 	By the Company withholding this amount from other amounts owed to you (e.g., from
your salary);

	 	•	 	By giving the Company a check (payable to “A. Schulman, Inc.”) in an amount equal to
the taxes that must be withheld; or

	 	•	 	By having the Company withhold a portion of the Shares that otherwise would be
distributed to you. The number of Shares withheld will have a fair market value equal
to the taxes that must be withheld.

You must choose the approach you prefer before the Shares are transferred to you, although the
Company may reject your preferred method for any reason (or for no reason). If this happens, the
Company will specify (from among the alternatives just listed) how these taxes are to be paid.

If you do not choose a method within 30 days of the applicable settlement date, the Company will
withhold either through payroll practices or a portion of the Shares that otherwise would be
distributed to you. The number of Shares withheld will have a fair market value equal to the taxes
that must be withheld and the balance of the Shares will be distributed to you.

Transferring Your Restricted Stock: Normally, your Restricted Stock may not be transferred to
another person. However, as described above, you may complete a beneficiary designation form to
name the person to receive any Restricted Stock that is settled after you die. Also, the Committee
may allow you to transfer your Restricted Stock to certain Permissible Transferees, including a
trust established for your benefit or the benefit of your family. Contact Rand Torgler at the
address or number given below if you are interested in doing this.

Governing Law: This Award Agreement will be construed in accordance with and governed by the laws
(other than laws governing conflicts of laws) of the State of Ohio, except to the extent that the
Delaware General Corporation Law is mandatorily applicable.

Other Agreements: Also, your Restricted Stock will be subject to the terms of any other written
agreements between you and the Company or a Related Entity to the extent that those other
agreements do not directly conflict with the terms of the Plan or this Award Agreement.

 

3

 

Adjustments to Your Restricted Stock: Subject to the terms of the Plan, your Award will be
adjusted, if appropriate, to reflect any change to the Company’s capital structure (e.g., the
number of Shares of Restricted Stock will be adjusted to reflect a stock split).

Other Rules: Your Restricted Stock also is subject to more rules described in the Plan. You
should read the Plan carefully to ensure you fully understand all the terms and conditions of this
Award.

*****

You may contact Rand Torgler at the address or number given below if you have any questions about
your Award or this Award Agreement.

*****

 

4

 

Your Acknowledgment of Award Conditions

Note: You must sign and return a copy of this Award Agreement to Rand Torgler at the address given
below no later than February 17, 2011.

By signing below, I acknowledge and agree that:

	 	•	 	A copy of the Plan has been made available to me;

	 	•	 	I understand and accept the conditions placed on my Award and understand what I must
do to earn my Award;

	 	•	 	I will consent (in my own behalf and in behalf of my beneficiaries and without any
further consideration) to any change to my Award or this Award Agreement to avoid
paying penalties under Section 409A of the Code, even if those changes affect the terms
of my Award and reduce its value or potential value; and

	 	•	 	I must return a signed copy of this Award Agreement to the address shown below by
February 17, 2011.

	 	 	 	 	 	 	 	 	 	 	 
	VTA	 	 	 	A. SCHULMAN, INC.	 	 
	 
	 	 	 	 	 	 	 	 	 	 
	 

	 	 	 	By:	 	 	 	 	 	 
	(signature)	 	 	 	 	 	 
	 
	 	 	 	 	 	 	 	 	 	 
	Date signed:

	 	 	 	 	 	Date signed:	 	 	 	 
	 

	 	 

	 	 	 	 	 	 

	 	 

A signed copy of this Award Agreement must be sent to the following address no later than February
17, 2011:

Rand Torgler

A. Schulman, Inc.

3550 West Market Street

Akron OH 44333

(330) 668-7224

 

5

 

A. SCHULMAN, INC.

AMENDED AND RESTATED

2006 INCENTIVE PLAN

INSTRUCTIONS FOR COMPLETING SECTION 83(b) ELECTION FORM

You may make a Section 83(b) Election by completing the Section 83(b) Election Form. To do this:

	 	•	 	You must make the election by completing the attached form;

	 	•	 	Within 30 days of January 12, 2011, you must send a copy of this form to the
internal revenue office at which you file your federal income tax return;

	 	•	 	A copy of this form must be submitted with your income tax return for the taxable
year in which the property is transferred; and

	 	•	 	You also must send a copy of this form to:

Rand Torgler

A. Schulman, Inc.

3550 West Market Street

Akron OH 44333

 

 

 

A. SCHULMAN, INC.

AMENDED AND RESTATED

2006 INCENTIVE PLAN

ELECTION UNDER SECTION 83(b)

OF THE INTERNAL REVENUE CODE OF 1986, AS AMENDED

The undersigned taxpayer hereby elects, pursuant to Section 83(b) of the Internal Revenue Code of
1986, as amended, to include in taxpayer’s gross income for the current taxable year, the amount of
any income that may be taxable to taxpayer in connection with taxpayer’s receipt of the property
described below:

	1.	 	The name, address, taxpayer identification number and taxable year of the undersigned
are as follows:
	 
	 	 	NAME OF TAXPAYER: Vtq

	 	 	 	 	 	 	 
	 

	 	ADDRESS:	 	 	 	 
	 

	 	 	 	 

	 	 
	 
	 	 	 	 	 	 
	 

	 	 	 	 

	 	 
	 
	 	 	 	 	 	 
	 

	 	 	 	 

	 	 

IDENTIFICATION NUMBER OF TAXPAYER:                                         

TAXABLE YEAR: Calendar year 2011

	2.	 	The property with respect to which the election is made is:
	 
	 	 	Vtf shares of the common stock of A. Schulman, Inc., a Delaware corporation
(“Company”).

	3.	 	The date on which the property was transferred is: January 12, 2011.

	4.	 	The property is subject to the following restrictions:

	 	 	Forfeiture of:

 _____ 

shares in favor of the Company if employment terminates before
                    .

 _____ 

shares in favor of the Company if employment terminates before
                    .

 _____ 

shares in favor of the Company if employment terminates before
                    .

 

1

 

Restrictions may lapse earlier upon the death or disability (as defined in the A.
Schulman, Inc. Amended and Restated 2006 Incentive Plan (the “Plan”)) of the
taxpayer or in the event of a change in control (as defined in the Plan). In the
discretion of the Compensation Committee of the Company, the restrictions on a
prorata portion of the Shares may lapse earlier upon the retirement (as defined in
the Plan) of the taxpayer.

	5.	 	The fair market value at the time of transfer, determined without regard to any
restriction other than a restriction which by its terms will never lapse, of such
property is: $                    .

	6.	 	The amount (if any) paid for such property: $00.00.

The undersigned has submitted a copy of this statement to the Company. The transferee of such
property is the person performing the services in connection with the transfer of said property.

The undersigned understands that the foregoing election may not be revoked except with the consent
of the Commissioner.

	 	 	 	 	 
	Dated:
 
	 	 	 	 
	 

	 	 

Vtq
	 	 

 

2Exhibit 10.4

Exhibit 10.4

A. SCHULMAN, INC.

AMENDED AND RESTATED

2006 INCENTIVE PLAN

INSTRUCTIONS FOR COMPLETING TIME-BASED RESTRICTED STOCK UNIT
 AWARD
AGREEMENT FOR FOREIGN EMPLOYEES

Code Sheet

The following codes are used in this Award Agreement and should be replaced using your computer’s
“Replace” function.

VTA
Grantee’s name (all capital letters)

JANUARY 12, 2011 Grant Date (all capital letters)

January 12, 2011 Grant Date (initial capital letters only)

Rand
Torgler Person to contact for more information

(330) 668-7224 Contact’s telephone number, including area code

March 21, 2011 Date that is 30 days after the Grant Date (initial capital letters only)

Vtf Number of Shares of Restricted Stock Units granted (insert only the number in
Arabic numerals)

3550
West Market Street Contact’s street address

Akron
OH 44333 Contact’s city, state and zip code

2011 Calendar year in which grant is made (e.g., 2009)

 

 

 

A. SCHULMAN, INC.

AMENDED AND RESTATED

2006 INCENTIVE PLAN

TIME-BASED RESTRICTED STOCK UNIT AWARD AGREEMENT GRANTED TO

VTA on JANUARY 12, 2011

A. Schulman, Inc. (“Company”) believes that its business interests are best served by extending to
you an opportunity to earn additional compensation based on the growth of the Company’s business.
To this end, the Company adopted, and its stockholders approved, the A. Schulman, Inc. Amended and
Restated 2006 Incentive Plan (“Plan”) as a means through which employees like you may share in the
Company’s success. Capitalized terms that are not defined herein shall have the same meanings as
in the Plan.

This Award Agreement describes many features of your Award and the terms and conditions of your
Award. To ensure you fully understand these terms and conditions, you should:

	 	•	 	Read the Plan carefully to ensure you understand how the Plan works;

	 	•	 	Read this Award Agreement carefully to ensure you understand the nature of your Award
and what you must do to earn it; and

	 	•	 	Contact Rand Torgler at (330) 668-7224 if you have any questions about your Award.

Also, no later than March 21, 2011, you must return a signed copy of the Award Agreement to:

Rand Torgler

A. Schulman, Inc.

3550 West Market Street

Akron OH 44333

Nature of Your Award

You have been granted an Award of Restricted Stock Units. If you satisfy the terms and conditions
described in this Award Agreement, your Restricted Stock Units will vest and be settled in Shares.
Each Restricted Stock Unit represents the right to receive one whole Share. These and other
conditions affecting your Restricted Stock Units are described in this Award Agreement and the
Plan, both of which you should read carefully.

	 	(a)	 	Grant Date: January 12, 2011.

	 	(b)	 	Number of Restricted Stock Units: You have been granted Vtf Restricted Stock Units,
subject to the terms and conditions of this Award Agreement and the Plan.

When Your Award Will Vest

Your Restricted Stock Units will vest depending on whether the terms and conditions described in
this Award Agreement and the Plan are met. Your vested Restricted Stock Units will be either vest
and be settled or be forfeited, depending on whether or not you satisfy the terms and conditions
described in this Award Agreement and in the Plan.

	 	(a)	 	Normal Vesting Date: Normally, subject to your continued employment with the Company
or a Related Entity, restrictions on 33 1/3 % of your Restricted Stock Units will vest on
each of the first, second and third anniversaries of the Grant Date. For purposes of this
Agreement, each 12-month period ending on an anniversary of the Grant Date shall be referred
to as a “Vesting Year.”

 

 

 

However, your Restricted Stock Units may vest earlier in the circumstances described below.

	 	(b)	 	How Your Restricted Stock Units Might Vest Earlier Than the Normal Vesting Date: Your
Restricted Stock Units will immediately vest if there is a Change in Control.

	 	(c)	 	How Your Termination of Employment Will Affect Your Restricted Stock Units: You may
forfeit your Restricted Stock Units if you Terminate before the Normal vesting date,
although this will depend on why you Terminate.

	 	(i)	 	If you Terminate because of [1] death or [2] Disability, your Restricted Stock
Units will fully vest on your Termination date.

	 	(ii)	 	If you Terminate because of Retirement and if the Committee agrees to treat
your Termination as a Retirement, a prorata portion of your Restricted Stock Units will
vest on your Retirement date equal to: [1] the number of unvested Restricted Stock
Units that would have become vested if you had remained employed through the end of the
Vesting Year in which you Terminate, multiplied by [2] a fraction, the numerator of
which is the number of whole months you were employed during such Vesting Year and the
denominator of which is 12.

	 	(iii)	 	If you Terminate under any other circumstances, all of the Restricted Stock
Units granted through this Award Agreement will be forfeited on your Termination date.

Settling Your Award

If all applicable terms and conditions have been met, you will receive the one whole Share in
settlement for each vested Restricted Stock Unit. Your vested Restricted Stock Units will be
settled as soon as administratively feasible, but no later than 60 days, after they vest. Any
fractional Restricted Units will be settled in cash based on the Fair Market Value of a Share on
the settlement date.

Other Rules Affecting Your Award

	 	(a)	 	Rights During the Restriction Period: During the Restriction Period, you may not
exercise any voting rights associated with your Restricted Stock Units. You shall be
granted dividend equivalent rights entitling you to a payment equal to the amount of any
cash dividends that are declared and paid during the Restriction Period with respect to
your Restricted Stock Units, subject to the terms and conditions of the Plan and this Award
Agreement. Your dividend equivalent rights shall be subject to the same terms and
conditions as the related Restricted Stock Units and shall vest and be settled in cash if,
when and to the extent the related Restricted Stock Units vest and are settled. In the
event a Restricted Stock Unit is forfeited under this Award Agreement, the related dividend
equivalent rights will also be forfeited.

 

2

 

	 	(b)	 	Beneficiary Designation: You may name a beneficiary or beneficiaries to receive any
portion of your Award and any other right under the Plan that is unsettled at your death.
To do so, you must complete a beneficiary designation form by contacting Rand Torgler at
(330) 668-7224 or the address below. If you previously completed a valid beneficiary
designation form, such form shall apply to the Award until changed or revoked. If you die
without completing a beneficiary designation form or if you do not complete that form
correctly, your beneficiary will be your surviving spouse or, if you do not have a surviving
spouse, your estate.

	 	(c)	 	Tax Withholding: Applicable withholding taxes must be withheld with respect to your
Award. These taxes may be paid in one (or a combination) of several ways. They are: (i) by
the Company withholding this amount from other amounts owed to you (e.g., from your
salary); (ii) by the Company withholding all or a portion of any cash amount owed to you
with respect to your vested dividend equivalent rights that are to be distributed to you;
(iii) by giving the Company a check (payable to “A. Schulman, Inc.”) in an amount equal to
the taxes that must be withheld; or (iv) by having the Company withhold a portion of the
Shares that otherwise would be distributed to you upon settlement of the Performance Units.
The number of Shares withheld will have a fair market value equal to the taxes that must
be withheld.

You must choose the approach you prefer before the Performance Units are settled, although
the Company may reject your preferred method for any reason (or for no reason). If this
happens, the Company will specify (from among the alternatives just listed) how these taxes
are to be paid.

If you do not choose a method within 30 days of the Normal Vesting Date, the Company will
withhold either through payroll practices or a portion of the Shares that otherwise would be
distributed to you upon settlement of the Performance Units. The number of Shares withheld
will have a fair market value equal to the taxes that must be withheld and the balance of
the Shares will be distributed to you.

	 	(d)	 	Transferring Your Restricted Stock Units: Normally, your Restricted Stock Units may
not be transferred to another person. However, as described above, you may complete a
beneficiary designation form to name the person to receive any Shares that are settled
after you die. Also, the Committee may allow you to transfer your Restricted Stock Units
to certain Permissible Transferees, including a trust established for your benefit or the
benefit of your family. Contact Rand Torgler at the address or number given below if you
are interested in doing this

	 	(e)	 	Governing Law: This Award Agreement will be construed in accordance with and governed
by the laws (other than laws governing conflicts of laws) of the State of Ohio, except to
the extent that the Delaware General Corporation Law is mandatorily applicable

	 	(f)	 	Other Agreements: Also, your Restricted Stock Units will be subject to the terms of
any other written agreements between you and the Company or a Related Entity to the extent
that those other agreements do not directly conflict with the terms of the Plan or this
Award Agreement.

	 	(g)	 	Adjustments to Your Restricted Stock Units: Subject to the terms of the Plan, your
Award will be adjusted, if appropriate, to reflect any change to the Company’s capital
structure (e.g., the number of Restricted Stock Units will be adjusted to reflect a stock
split)

 

3

 

	 	(h)	 	Other Rules: Your Restricted Stock Units also are subject to more rules described in
the Plan. You should read the Plan carefully to ensure you fully understand all the terms
and conditions of this Award.

*****

You may contact Rand Torgler at the address or number given below if you have any questions about
your Award or this Award Agreement.

*****

Your Acknowledgment of Award Conditions

Note: You must sign and return a copy of this Award Agreement to Rand Torgler at the address given
below no later than March 21, 2011.

By signing below, I acknowledge and agree that:

	 	•	 	A copy of the Plan has been made available to me;

	 	•	 	I understand and accept the conditions placed on my Award and understand what I must
do to earn my Award;

	 	•	 	I will consent (in my own behalf and in behalf of my beneficiaries and without any
further consideration) to any change to my Award or this Award Agreement to avoid
paying penalties under Section 409A of the Code, even if those changes affect the terms
of my Award and reduce its value or potential value; and

	 	•	 	I must return a signed copy of this Award Agreement to the address shown below by
March 21, 2011.

	 	 	 	 	 	 	 	 	 	 	 
	VTA	 	 	 	A. SCHULMAN, INC.	 	 
	 
	 	 	 	 	 	 	 	 	 	 
	 

	 	 	 	By:	 	 	 	 	 	 
	(signature)	 	 	 	 	 	 
	 
	 	 	 	 	 	 	 	 	 	 
	Date signed:

	 	 	 	 	 	Date signed:	 	 	 	 
	 

	 	 

	 	 	 	 	 	 

	 	 

A signed copy of this Award Agreement must be sent to the following address no later than March 21,
2011:

Rand Torgler

A. Schulman, Inc.

3550 West Market Street

Akron OH 44333

(330) 668-7224

 

4

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