Document:

EX-10.2

 Exhibit 10.2 
 [DATE] 
 TENNECO INC. 2006 LONG-TERM INCENTIVE PLAN 

RESTRICTED STOCK AWARD AGREEMENT 
  

 
 Participant 

Pursuant to the provisions of the Tenneco Inc. 2006 Long-Term Incentive Plan (as the same may be amended from time to time in accordance
with its terms, the “Plan”), you were granted an Award of shares of Common Stock of Tenneco Inc. (“Shares”) as of                 ,
20             (“Grant Date”). The “Restricted Period applicable to this Award begins on the Grant Date and ends (i) as to the first one-third of the Shares, on
the first anniversary of the Grant Date, (ii) as to the second one-third of the Shares, on the second anniversary of the Grant Date and (iii) as to the remaining one-third of the Shares, on the third anniversary of the Grant Date, with
each such anniversary date being referred to herein as a “Vesting Date.” Notwithstanding the preceding sentence, in the event that (a) either (i) you satisfy the requirements for Retirement or Total Disability (other than
termination of employment with the Company and its Subsidiaries) or (ii) a tax withholding obligation is incurred under local law with respect to any of the Shares, in either case, prior to the Vesting Date with respect to any of the Shares
(the date on which the requirements of paragraph (a)(i) or (a)(ii) are satisfied being referred to herein as the “Tax Vesting Date”) and (b) elect to satisfy the tax withholding obligation arising on the Tax Vesting Date pursuant to
paragraph (c) of the second to the last paragraph of this Agreement, then the Restricted Period shall end on the Tax Vesting Date with respect to that number of Restricted Shares (as defined herein) having a Fair Market Value (determined as of
the Tax Vesting Date) equal to the amount of taxes required to be withheld pursuant to the provisions of paragraph (c) of the second to the last paragraph of this Agreement with respect to all Restricted Shares for which the Vesting Date has
not occurred prior to the Tax Vesting Date. Any Restricted Shares for which the Restricted Period ends as the result of the Tax Vesting Date shall be treated as attributable to successive tranches of Shares for which a Vesting Date has not occurred
as of the Tax Vesting Date (and shall reduce the number of Shares in applicable tranches that will otherwise vest on future applicable Vesting Dates), beginning with the tranche of Shares with the first Vesting Date that occurs after the Tax Vesting
Date. As used herein, the term “Restricted Shares” means any Shares subject to this Award and for which the Restricted Period remains in effect. 

 During the applicable Restricted Period, and until all conditions imposed on the related
Restricted Shares are satisfied, such Restricted Shares are restricted in that (i) they will be held by the Company and may not be sold, transferred, pledged or otherwise encumbered, tendered or exchanged, or disposed of, by you unless
otherwise provided by the Plan and (ii) they are subject to forfeiture by you under certain circumstances as described herein and in the Plan. However, as long as the applicable Restricted Shares have not been forfeited, during the related
Restricted Period (a) you will be entitled to receive, subject to withholding for taxes, dividends (which for tax purposes will generally be treated as ordinary compensation) payable on the Restricted Shares, which the Company may require to be
reinvested in additional shares of Common Stock subject to the same restrictions as the shares on which such dividends are paid and (b) you may vote the Restricted Shares. If you remain employed by the Company and its Subsidiaries throughout
the applicable Restricted Period and all the conditions are satisfied, or if your employment by the Company and its Subsidiaries terminates before the termination of the applicable Restricted Period as a result of your Retirement, death or Total
Disability, the restrictions on the related Restricted Shares will lapse, and shares of Common Stock in an amount equal to the number of Restricted Shares as to which the restrictions have lapsed will be delivered to you (or your beneficiary),
subject to withholding for taxes. Generally, if your employment terminates for any other reason before the expiration of the Restricted Period, you will forfeit the Restricted Shares unless the Committee determines otherwise. You agree that the term
“Restricted Shares” shall include any shares or other securities which you may receive or be entitled to receive as a result of the ownership of the original Restricted Shares, whether they are issued as a result of a share split, share
dividend, recapitalization, or other subdivision or consolidation of shares effected without receipt of consideration by the Company or the result of the merger or consolidation of the Company, or sale of assets of the Company. For purposes hereof,
the term “Retirement” means termination of your employment after you have (i) attained age 65 or (ii) attained age 55 and completed 10 years of service with the Company and its Subsidiaries and the term “Total
Disability” means your permanent and total disability as determined under the rules and guidelines established by the Company in order to qualify for long-term disability coverage under the Company’s long-term disability plan in effect at
the time of such determination. 
 You will generally be taxed on the value of the Restricted Shares on the applicable Vesting
Date or, if earlier, on the Tax Vesting Date. However, as an alternative, you may elect under Internal Revenue Code Section 83(b) to be taxed on the value of the Restricted Shares on the Grant Date, identified above. Whether it is beneficial
for you to make this election should be determined after consultation with your personal tax advisor. If you make this election, the value of the Restricted Shares will be taxable to you in the year of the Grant Date, rather than in the year that
the restrictions lapse. If you choose to make this election, you must so notify the Company in writing, file the election with the Internal Revenue Service within thirty (30) days after the Grant Date, and promptly pay the Company the amount it
determines is needed to satisfy tax withholding requirements. You hereby agree that the Restricted Shares shall be held by the Company during the Restricted Period. 

 All distributions under the Plan, including any distribution in respect of this Award, are
subject to withholding of all applicable taxes, and the delivery of any shares or other benefits under the Plan or this Award is conditioned on satisfaction of the applicable tax withholding obligations. Except as otherwise provided by the
Committee, such withholding obligations may be satisfied (a) through cash payment by the Participant, (b) through the surrender of shares of Common Stock which the Participant already owns, or (c) through the surrender of shares of
Common Stock to which the Participant is otherwise entitled under the Plan; provided, however, that such shares of Common Stock under this paragraph (c) may be used to satisfy not more than the Company’s minimum statutory withholding
obligation (based on minimum statutory withholding rates for Federal and state tax purposes, including without limitation payroll taxes, that are applicable to such supplemental taxable income). The Company shall have the right to deduct from this
Award, shares sufficient to satisfy any tax withholdings required by law. 
 Enclosed is a form by which you may designate a
beneficiary in the event of your death. This Award is subject to all of the definitions, terms and conditions of the Plan, a copy of which is enclosed. In the event of any discrepancy between the provisions of the Plan and this or any other
communication regarding the Plan, the provisions of the Plan control. Capitalized terms used and not otherwise defined herein shall have the meanings ascribed to them in the Plan. 

 

					
	ACCEPTED:	  		  	TENNECO INC.
			
	 	  		  	

	Type or Print Legal Name	  		  	Senior Vice President Global Human Resources
			
	 	  		  	
	(Date)	  		  	
			
	 	  		  	

	Signature	  		  	SR VP/General Counsel & Corporate Secy.
			
	 	  		  	
	Social Security Number or National ID	  		  	
			
	 	  		  	
	Street Address	  		  	
			
	 	  		  	
	City/State/Zip/CountryEX-10.3

 Exhibit 10.3 
 TENNECO INC. 2006 LONG-TERM INCENTIVE PLAN 
 NON-QUALIFIED STOCK OPTION AWARD
AGREEMENT 
 (Employees — 7 Year Term) 
 THIS AWARD AGREEMENT (the “Agreement”) is made and entered into as of the              day of
            , 20             by and between Tenneco Inc., a Delaware corporation (the “Company”), and
XXXX (the “Participant”). 
 WITNESSETH: 
 WHEREAS, the Board of Directors of the Company has adopted the Tenneco Inc. 2006 Long-Term Incentive Plan (as the same may be amended from time to time in accordance with its terms, the “Plan”)
(capitalized terms used and not otherwise defined herein shall have the meanings given thereto in the Plan, a copy of which is attached hereto and incorporated by reference herein); and 

WHEREAS, pursuant to the authority vested in it under the Plan, the Compensation/Nominating/Governance Committee of the Board of
Directors of the Company (the “Committee”) has approved the granting of the Award hereinafter described to the Participant. 
 NOW, THEREFORE, the Company and the Participant hereby agree as follows: 
 1. Award
of Option. The Company hereby grants the Participant an option (the “Option”), which shall be an NQO (a non-qualified stock option), to purchase XXX shares (the “Option Shares”) of Common Stock of the Company at the Exercise
Price of $             per share, subject to adjustment in accordance with the Plan, on the terms and subject to the conditions set forth herein and in the Plan (the “Award
Date” for the Option shall be the date of this Agreement). 
 2. Term of Option. Except in the event of the earlier lapse
or termination of the Option in accordance with this Agreement or the Plan, as to all Option Shares for which the Option has not theretofore been exercised, the Option shall be in effect during the period commencing on the Award Date and until 3:00
p.m., Lake Forest, Illinois, time on the day that immediately precedes the seventh anniversary of the date of the Award Date; provided however, that the Participant's right to exercise the Option and purchase the Option Shares shall be subject to
the conditions set forth in this Agreement. 
 3. Conditions of Exercise. 

(a) The Option shall vest, and the Option Shares shall become available for purchase as to all such Option Shares for which the Option
has not theretofore been exercised, after the anniversary dates indicated below: 
  

					
	 Anniversary Of

Award Date
	 	  	  	 Fraction of Total Option Shares

Available for Purchase

	1st	 		  	1/3
	2nd	 		  	2/3
	3rd	 		  	All

 (b) Other Limitations and Provisions. 

(i) Notwithstanding the foregoing, all Option Shares for which the Option has not theretofore been exercised shall become
available for purchase if the participant’s employment with the Company and its Subsidiaries terminates by (A) Retirement, (B) Total Disability of the Participant, or (C) death of the Participant while employed by the Company or
one of its Subsidiaries; provided however, the Committee may allow the Participant to exercise the Option at any time, in the Committee’s sole discretion. For purposes hereof, the term “Retirement” means termination of employment
after the Participant has (i) attained age 65 or (ii) attained age 55 and completed 10 years of service with the Company and its Subsidiaries and the term “Total Disability” means permanent and total disability as determined
under the rules and guidelines established by the Company in order to qualify for long-term disability coverage under the Company’s long-term disability plan in effect at the time of such determination. 

(ii) At any time the Option is in effect and Option Shares are available for purchase thereunder, the Option may be
exercised in whole or in part. 

 4. Manner of Exercise. Each Option shall be exercisable in whole or in part, and any such
exercise shall be deemed to have occurred on the latest of (i) the date of exercise designated in the written notice referred to in subparagraph (a) below, (ii) if the date so designated is not a business day, the first business day
following such date, or (iii) the earliest business day by which the Company has received all of the following: 
 (a)
Written notice, in such form as the Company may require, designating, among other things, the date of exercise and the number of Option Shares to be purchased. 
 (b) Payment of the aggregate Exercise Price for the Option Shares to be purchased with respect to such exercise by delivery of: 

 

	 	(i)	cash, a personal check or bank draft; or 

  

	 	(ii)	at the option of the Participant, shares of Common Stock having a Fair Market Value on the date of exercise equal to such aggregate Exercise Price; provided however,
that the shares that are tendered must have been held by the Participant for at least six (6) months prior to their tender to satisfy the Exercise Price or must have been purchased on the open market; or 

 

	 	(iii)	a combination of the methods described in clauses (i) and (ii) above; or 

 

	 	(iv)	payment pursuant to any arrangement that the Company maintains to enable the Participant to elect to pay the Exercise Price upon the exercise of the Option by
irrevocably authorizing a third party to sell shares of Common Stock (or a sufficient portion of the shares of Common Stock) acquired upon exercise of the Option and remit to the Company a sufficient portion of the sale proceeds to pay the entire
Exercise Price and any tax withholding resulting from such exercise; or 

  

	 	(v)	such other form of payment as the Committee shall authorize on or before the exercise date. 

(c) Any other documentation that the Company may reasonably require. 

5. Delivery by the Company. As promptly as practicable after receipt of all items described in Paragraph 4, the Company shall deliver to
the Participant certificates issued in Participant’s name for the number of shares of Common Stock purchased by the Participant (and not sold or withheld as contemplated by Paragraph 4) upon exercise of all or any applicable portion of the
Option. 
 6. Lapse of Options. Unless otherwise determined by the Committee in its sole discretion, the Option shall lapse at
(and shall not be exercisable after) the time specified below: 
 (a) If the Participant’s employment with the Company and
its Subsidiaries terminates by (A) Retirement, (B) Total Disability of the Participant, or (C) death of the Participant while employed by the Company or one of its Subsidiaries, the Option shall lapse at 3:00 p.m. Lake Forest,
Illinois, time on the third anniversary of the date of such termination of employment (subject to earlier termination pursuant to Paragraph 2 hereof or as otherwise provided in the Plan); and 

(b) If the Participant’s employment with the Company and its Subsidiaries terminates for any reason not specified in Paragraph 6(a),
or if the Participant’s employing Tenneco Company ceases to be a Tenneco Company, the Option shall lapse immediately upon such termination or cessation unless the Committee determines otherwise. 

7. Adjustments. The Option granted hereby, the number and kind of shares subject to the Option and the purchase price per share shall be
subject to adjustments by the Committee in accordance with Section 5.2(f) of the Plan. 
 8. Taxes. All distributions under
the Plan, including any distribution in respect of this Option, are subject to withholding of all applicable taxes, and the delivery of any shares or other benefits under the Plan or this Option is conditioned on satisfaction of the applicable tax
withholding obligations. Such withholding obligations may be satisfied, at the Participant’s option, (a) through cash payment by the Participant, (b) through the surrender of shares of Common Stock which the Participant already owns,
or (c) through the surrender of shares of Common Stock to which the Participant is otherwise entitled under the Plan; provided, however, that such 

 
shares of Common Stock under this paragraph (c) may be used to satisfy not more than the Company’s minimum statutory withholding obligation (based on minimum statutory withholding rates
for Federal and state tax purposes, including without limitation payroll taxes, that are applicable to such supplemental taxable income). A Participant who exercises pursuant to a “cashless exercise” or similar transaction will be deeemed
to have selected option (a) above; any other Participant will be deemed to have selected option (c) above, unless the Participant otherwise notifies the Company in advance. 

9. Rights as Stockholder. The Participant shall have no rights as a stockholder with respect to any shares of Common Stock subject to the
Option until and unless the Participant becomes the stockholder of record of such shares. Except as provided in Paragraph 7, no adjustment shall be made for dividends or other rights for which the record date is prior to the date on which the
Participant becomes such shareholder of record. 
 10. Employment. Neither the granting of the Option or any term or provision
of this Agreement shall constitute or be evidence of any understanding, expressed or implied, on the part of the Company or any of its Subsidiaries to employ the Participant for any period of time. 

11. Nontransferability. During the Participant’s lifetime, except as described in the following paragraph, the Options shall not be
transferable (voluntarily or involuntarily) and are exercisable only by the Participant or, during his disability, by his legal representative. The Options shall pass, upon death, to the beneficiary designated by the Participant on a form provided
by, and filed prior to death with, the Company. If no designation is made or if the designated beneficiary does not survive the Participant's death, the Option shall pass by will or the laws of descent and distribution. Following the
Participant’s death, the Option, if exercisable in accordance with this Agreement, may be exercised by the person to whom such option or right passes according to the foregoing or by such person’s estate, heirs or devisees. 

Notwithstanding anything herein to the contrary, during the Participant’s lifetime, the Participant may transfer the Options to a
Family Member provided that the transfer is not for value. For purposes of this Agreement, “Family Member” shall mean (a) any child, stepchild, grandchild, parent, stepparent, grandparent, spouse, former spouse, sibling, niece,
nephew, mother-in-law, father-in-law, son-in-law, daughter-in-law, brother-in-law, or sister-in-law, including adoptive relationships, of the Participant, (b) any person sharing the Participant’s household (other than a tenant or
employee), (c) a trust in which any of the persons described in clause (a) and/or clause (b) have more than fifty percent of the beneficial interest, (d) a foundation in which the Participant or any of the persons described in
clause (a) and/or clause (b) control the management of assets, and (e) any other entity in which the Participant or any of the persons described in clause (a) and/or clause (b) own more than fifty percent of the voting
interests. 
 12. Amendment. This Agreement may be amended, without the consent of the Participant, as follows: 

(a) The Agreement may be cancelled or amended by the Committee at any time if the Committee determines that cancellation or amendment is
necessary or advisable because of any change or clarification after the Award Date of any applicable law or governmental regulation, including any applicable federal or state securities law; and 

(b) Subject to any required approval by Company stockholders, the Committee may amend or cancel this Agreement at any time for reasons
other than those stated in subparagraph (a) above; provided, that no amendment or cancellation may, in the absence of written consent to the change by the Participant (or, if the Participant is not then living, the affected beneficiary),
adversely affect the rights of the Participant or any beneficiary under this Award prior to the date such amendment is adopted by the Board (it being understood that adjustments pursuant to Section 5.2(f) of the Plan shall not be subject to the
foregoing limitations). 
 13. Miscellaneous. 
 (a) Headings. The headings in this Agreement are inserted for convenience only and shall have no significance in the interpretation of this Agreement. 

(b) Entire Agreement. This Agreement contains the entire agreement between the parties with respect to the transactions contemplated
hereunder and supersedes any prior arrangements or understandings with respect thereto, written or oral. No agreements or representations, oral or otherwise expressed or implied, with respect to the subject matter hereof have been made by either
party which are not set forth expressly in this Agreement (including the Plan). 
 (c) Successors. The terms and conditions of
this Agreement shall be binding upon and inure to the benefit of the parties hereto and their respective heirs, personal representative and successors. 

 (d) Governing Documents and Law. In the event of any inconsistency between the terms of this
Agreement and the Plan, the terms of the Plan shall control. The validity, construction and effect of this Agreement, and any actions taken or relating to this Agreement, shall be determined in accordance with the laws of the State of Illinois and
applicable federal law. 
 (e) Counterparts. This Agreement may be executed in one or more counterparts, each of which shall be
deemed to be an original and all of which together shall constitute one and the same instrument. 
 IN WITNESS WHEREOF, each of
the parties hereto has executed this Agreement as of the date and year first above written. 
  

					
	ATTEST:	  		 	
			
	ACCEPTED:	  		 	TENNECO INC.
			
	 	  		 	

	Type or Print Legal Name (Date)	  		 	Senior Vice President Global Human Resources
			
	 	  		 	

	Signature	  		 	SR VP / General Counsel & Corporate Secy.
			
	 	  		 	
	Social Security Number or National ID	  		 	
			
	 	  		 	
	Street Address	  		 	
			
	 	  		 	
	City/State/Zip/Country

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