Document:

exv10w11

 

Exhibit 10.11

AWARD TERMS OF

OPTIONS GRANTED UNDER THE

DUPONT EQUITY AND INCENTIVE PLAN

	 	 	 
	Introduction

	 	You have been granted stock options under the E.I. du
Pont de Nemours and Company Equity and Incentive Plan
(“Plan”), subject to the following Award Terms. This
grant is also subject to the terms of the Plan itself,
which is hereby incorporated by reference. However, to
the extent that an Award Term conflicts with the Plan,
the Plan shall govern. A copy of the Plan, and other
Plan-related materials, such as the Plan prospectus, are
available at:
	 
	 	 
	 

	 	www1.lvs.dupont.com/employeebenefits/sharesandstockoption.
html.
	 
	 	 
	Date of Grant

	 	[___]
	 
	 	 
	Type of Options

	 	Non-qualified stock options (“NQSOs”)
	 
	 	 
	Exercise Price

	 	[___]
	 
	 	 
	Expiration Date

	 	Option will expire no later than [DATE THAT IS THE DAY
PRIOR TO THE SIXTH ANNIVERSARY OF THE DATE OF GRANT].
However, the option may expire sooner. Please refer to
“Termination of Employment” below.
	 
	 	 
	Vesting Schedule

	 	One-third (1/3) of the options (rounded down to the next
full share) will become exercisable on [FIRST ANNIVERSARY
OF DATE OF GRANT].
	 
	 	 
	 

	 	One-third (1/3) of the options (rounded down to the next
full share) will become exercisable on [SECOND
ANNIVERSARY OF DATE OF GRANT].
	 
	 	 
	 

	 	The remaining options will become exercisable on [THIRD
ANNIVERSARY OF DATE OF GRANT].
	 
	 	 
	 

	 	In the event of a Change of Control (as defined in the
Plan) any unvested options will be automatically vested
and will remain exercisable in accordance with these
Award Terms. If the consideration paid to the
stockholders is solely cash, the Compensation Committee
may provide that any unexercised options will be
cancelled in exchange for a cash payment equal to the (i)
excess consideration paid per share of stock in the
Change of Control over the exercise price of your options
multiplied by (ii) the number of your unexercised
options.

 

 

Termination

of Employment

	 	 	 	 	 
	 

	 	Due to Retirement (as
defined in the applicable
pension or retirement plan
or plan company policy)
	 	If you are an active employee for
six months following the date of
the grant, the options will be
exercisable through the Expiration
Date set forth above. After that
date, any unexercised options will
expire. Any unvested options as
of the date of termination will
continue to vest in accordance
with the Vesting Schedule set
forth above.
	 
	 	 	 	 
	 

	 	Due to Lack of Work,
Divestiture to Entity Less
Than 50% Owned by DuPont,
or Total and Permanent
Disability
	 	If you are an active employee for
six months following the date of
the grant, the options will be
exercisable through the date that
is one year after the date of your
termination of employment, or, if
earlier, the Expiration Date set
forth above. After that date, any
unexercised options will expire.
Any unvested options as of the
date of termination will continue
to vest in accordance with the
Vesting Schedule set forth above.
	 
	 	 	 	 
	 

	 	Due to Death
	 	If you are an active employee for
six months following the date of
the grant, the options will be
exercisable through the date that
is two years after the date of
your termination of employment or,
if earlier, the Expiration Date
set forth above. After that date,
any unexercised options will
expire. Any unvested options as
of the date of termination will be
automatically vested.
	 
	 	 	 	 
	 

	 	Due to Any Other Reason
(such as voluntary
termination)
	 	Options must be exercised by the
date on which you terminate
employment.

	 	 	 
	Other Forfeiture

	 	If you engage in misconduct, the Company may demand
that you repay this Award, or cash payments you
received as a result of this Award, within 10 days
following written demand by the Company. “Misconduct”
is defined in the Plan, and includes, but is not
limited to, termination for cause (also defined in the
Plan) or the breach of a noncompete or confidentiality
agreement in your employment agreement.
	 
	 	 
	Exercise Methods

	 	There are four exercise methods
from which to choose. However, due to local legal requirements, some of those methods may not be available to you. For more information regarding exercise procedure, please refer to the Plan prospectus.

 

 

	 	 	 
	Withholding

	 	Withholding for federal, state and local taxes is
required in connection with exercise of non-qualified
stock options. When a non-qualified stock option is
exercised, the difference between the option price and
the value of the stock at time of exercise is
compensation subject to withholding. For more
information regarding withholding procedures, please
refer to the Plan prospectus.
	 
	 	 
	Non-transferability

	 	You may not transfer these options, except by will or
laws of descent and distribution. The options are
exercisable during your lifetime only by you or your
guardian or legal representative.exv10w13

 

Exhibit 10.13

AWARD TERMS OF

TIME-VESTED RESTRICTED STOCK UNITS GRANTED UNDER THE

DUPONT EQUITY AND INCENTIVE PLAN

	 	 	 
	Introduction

	 	You have been granted time-vested restricted DuPont
common stock units under the E.I. du Pont de Nemours
and Company Equity and Incentive Plan (“Plan”),
subject to the following Award Terms. This grant is
also subject to the terms of the Plan, which is
hereby incorporated by reference. However, to the
extent that an Award Term conflicts with the Plan,
the Plan shall govern. A copy of the Plan, and other
Plan-related materials, such as the Plan prospectus,
are available at:
	 
	 	 
	 

	 	www1.lvs.dupont.com/employeebenefits/sharesandstockoption.html.
	 
	 	 
	Date of Grant

	 	[___]
	 
	 	 
	Type of Awards

	 	Time-vested restricted DuPont common stock units
	 
	 	 
	Dividend Equivalents

	 	Dividends payable on the shares represented by your units
(including whole and fractional units) will be allocated to your account in the
form of units (whole and fractional) based upon the closing stock price on the
date of the dividend payment.
	 
	 	 
	Restricted Period

	 	You may not sell, gift, or otherwise transfer or
dispose of any of the units during the “Restricted
Period.” The Restricted Period commences on the Date
of Grant and lapses as set forth herein.
	 
	 	 
	 

	 	On [FIRST ANNIVERSARY OF DATE OF GRANT], the Restricted Period will lapse
with respect to one-third (1/3) of the units, including dividend
equivalents (rounded down to the next full unit).
	 
	 	 
	 

	 	On [SECOND ANNIVERSARY OF DATE OF GRANT], the Restricted Period will lapse
with respect to one-third (1/3) of the units, including dividend
equivalents (rounded down to the next full unit).
	 
	 	 
	 

	 	On [THIRD ANNIVERSARY OF DATE OF GRANT], the Restricted Period will lapse
with respect to the remaining units, including dividend equivalents.
	 
	 	 
	 

	 	In the event of a Change of Control (as defined in the Plan) the
Restricted Period with respect to all units will lapse.

 

 

Termination

of Employment

	 	 	 	 	 
	 

	 	Due to Retirement (as defined in the applicable
pension or retirement plan or plan company policy)
	 	If you are an active employee for six months following the Date
of Grant, the units will remain subject to the Restricted
Period set forth above.
	 
	 	 	 	 
	 

	 	Due to Lack of Work, Divestiture to Entity Less Than
50% Owned by DuPont, Total and Permanent Disability,
or Death
	 	If you are an active employee for six months following the Date
of Grant, the Restricted Period on all units will lapse.
	 
	 	 	 	 
	 

	 	Due to Any Other Reason (such as voluntary termination)
	 	Units that are subject to a Restricted Period will be forfeited.

	 	 	 
	Payment

	 	Units shall be paid or your beneficiary (or estate, if
there is no beneficiary), as applicable, as soon as
practicable after the Restricted Period on such units
lapses, but in no event later than the last day of your
first taxable year ending after the date on which the
Restricted Period lapses. Units are payable in one
share of DuPont common stock for each whole unit and a
cash payment for any fraction of a unit. The value of
each fractional unit will be based on the average high
and low prices of DuPont common stock as reported on the
Composite Tape of the New York Stock Exchange as of the
effective date of payment.
	 
	 	 
	Code Section 409A

	 	This paragraph applies only if you are an officer of
DuPont as of the December 31 preceding the date units
are paid to you. Notwithstanding the foregoing to the
contrary, any units payable pursuant to your termination
of employment with DuPont shall not be paid earlier than
the date that is six months after the date on which you
terminate employment with DuPont.
	 
	 	 
	Other Forfeiture

	 	If you engage in misconduct, the Company may demand that
you repay this Award, or cash payments you received as a
result of this Award, within ten (10) days following
written demand by the Company. “Misconduct” is defined
in the Plan, and includes, but is not limited to,
termination for cause (also defined in the Plan) or the
breach of a noncompete or confidentiality agreement in
your employment agreement.
	 
	 	 
	Change of Control

	 	In the event of a Change of Control in which the
consideration paid to the stockholders is solely cash,
the Compensation Committee may provide that any units
will be cancelled in exchange for a cash payment equal
to the consideration paid per share of stock in the
Change of Control multiplied by the number of your
units.

 

 

	 	 	 
	Deferral

	 	If you are an officer of the Company, you may defer the
settlement of this Award in accordance with the
procedures established by the Company for that purpose.
	 
	 	 
	Withholding

	 	Shares of DuPont common stock otherwise deliverable in
settlement of the units will be automatically used to
satisfy withholding for federal, state, and local taxes. Where share withholding
is not permitted by local law, the Company is authorized to withhold from
other amounts due you (or your beneficiary, as applicable) or require
payment of the same from you (or your beneficiary, as applicable). For
more information regarding withholding procedures, please refer to the
Plan prospectus.

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