Document:

MPM Holdings Inc. Annual Cash Incentive Plan

 Exhibit 10.24 

MPM HOLDINGS INC. 

ANNUAL CASH INCENTIVE PLAN 
  

	 	1.	PURPOSE 

 The purpose of this Annual Cash Incentive Plan
(this “Plan”) of MPM Holdings Inc. (the “Company”) is to provide key employees of the Company and its Affiliates the opportunity to earn annual cash incentive bonuses based on the achievement
of performance metrics set forth herein and established by the Plan Committee from time to time. 
  

	 	2.	DEFINITIONS 

 (a)    “Affiliate” means any
entity that, directly or indirectly through one or more intermediaries, controls, is controlled by, or is under common control with the Company. 

(b)    “Board” means the Company’s Board of Directors. 

(c)    “Bonus” means an annual cash incentive bonus award granted and payable hereunder. 

(d)    “Company Group” means, collectively, the Company and its Affiliates. 

(e)    “Eligible Employee” means any individual employed by any member of the Company Group from
time to time, including any individual hired following the adoption of this Plan. 

(f)    “Employer” means, with respect to a Participant, the member of the Company Group that
employs such Participant. 
 (g)    “Participant” means any employee of the Company or an
Affiliate who has been designated by the Plan Committee as a Participant in the Plan, who has been granted a Bonus opportunity under the Plan. 

(h)    “Performance Goal” means, for a Performance Year, the one or more goals established by the
Plan Committee on which to base a Participant’s earned Bonus amount hereunder. 
 (i)    “Performance
Year” means the calendar year with respect to which the attainment of one or more Performance Goals will be measured for the purpose of determining the Participant’s right to, and the payment with respect to, a particular Bonus
under the Plan. 
 (j)    “Plan Committee” means the Compensation Committee of the Board, or if
no such committee shall be constituted, the “Plan Committee” shall mean the Board. 
  

	 	3.	TERMS OF PARTICIPATION 

 (a)    Participation. The Plan
Committee shall have full authority to determine which Eligible Employees are to participate in, and to receive Bonuses under, the Plan and the time when such individuals are to commence participation in the Plan. Only individuals selected by the
Plan Committee for participation in the Plan shall be deemed Participants in the Plan. 
 (b)    Establishment of
Bonus Opportunities. The Plan Committee may establish one or more Performance Years hereunder from time to time; provided, that no Performance Year hereunder shall extend beyond December 31, 2020. With respect to each Performance Year, the
Plan Committee may designate one or more Participants to be given an opportunity to earn a Bonus hereunder, and shall determine each such Participant’s target Bonus amount for such Performance Year. Each Participant’s target Bonus amount
for a given Performance Year shall be either a fixed dollar amount or a percentage of the Participant’s base salary during such Performance Year, and shall be provided to the Participant in writing. The actual Bonus that a Participant may earn
for a given Performance Year hereunder may be less than or greater than his target Bonus amount based on the level at which the specified Performance Goals for such Performance Year are achieved. 

(c)    Performance Goals. 

(i)    The Performance Goal(s) hereunder may be based on the attainment of specific levels of performance
of the Company (and/or one or more Affiliates, divisions, and/or operational and/or business units, product lines, brands, business segments, administrative departments, or units, or any combination of the foregoing) and may include any one or more
the following: (i) net earnings or net income (before or after taxes); (ii) basic or diluted earnings per share (before or after taxes); (iii) net revenue or net revenue growth; (iv) gross revenue or gross revenue growth, or gross
profit or gross profit growth; (v) net operating profit or net operating income (before or after taxes); (vi) return measures (including, but not limited to, return on investment, assets, net assets, capital, gross revenue or gross revenue
growth, invested capital, equity, or sales); (vii) cash flow measures (including, but not limited to, operating cash flow, free cash flow, and cash flow return on capital), which may but are not required to be measured on a per-share basis; (viii) earnings before or after taxes, interest, depreciation, and amortization on an adjusted or unadjusted basis (including EBIT and EBITDA); (ix) gross or net operating margins or ratios;
(x) productivity ratios; (xi) share price (including, but not limited to, growth measures and total shareholder return); (xii) expense targets or cost reduction goals, general and administrative expense savings; (xiii) operating
efficiency; (xiv) objective measures of customer satisfaction; (xv) working capital targets; (xvi) measures of economic value added or other “value creation” metrics; (xvii) enterprise value; (xviii) shareholder
return; (xix) customer retention; (xx) competitive market metrics; (xxi) employee retention; (xxii) objective measures of personal targets, goals, or completion of projects (including but not limited to succession and hiring
projects, completion of specific acquisitions, reorganizations or other corporate transactions or capital-raising transactions, expansions of specific business operations, and meeting divisional or project budgets); (xxiii) cost of capital, debt
leverage year-end cash position, or book value; (xxiv) strategic objectives, development of new product lines and related revenue, sales and margin targets, or international operations; or (xxv) any
combination of the foregoing or any other objective or subjective 

  
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performance goal determined by the Plan Committee. Any one or more of the Performance Goals may be stated as a percentage of other Performance Goals, or a percentage of a prior Performance
Year’s Performance Goals, or used on an absolute, relative, or adjusted basis to measure the performance of the Company and/or one or more Affiliates as a whole or any divisions and/or operational and/or business units, product lines, brands,
business segments, and/or administrative departments of the Company and/or one or more Affiliates or any combination thereof, as the Plan Committee may deem appropriate, or any of the above Performance Goals may be compared to the performance of a
group of comparator companies, or a published or special index that the Plan Committee deems appropriate, or as compared to various stock market indices. 

(ii)    The Plan Committee may alter Performance Goals to reflect any of the following events:
(i) asset write-downs; (ii) litigation or claim judgments or settlements; (iii) the effect of changes in tax laws, accounting principles, or other laws or regulatory rules affecting reported results; (iv) any reorganization and
restructuring programs; (v) material events or transactions that are of an unusual nature, or of a type that indicates infrequency of occurrence, or both, as described in Accounting Standards Codification Topic
225-20 (or any successor pronouncement thereto) and/or in management’s discussion and analysis of financial condition and results of operations appearing in the Company’s annual report to
shareholders for the applicable year; (vi) acquisitions or divestitures; (vii) any other specific unusual or nonrecurring events, or objectively determinable category thereof; (viii) foreign exchange gains and losses;
(ix) discontinued operations and nonrecurring charges; (x) a change in the Company’s fiscal year; and (xi) any other reason deemed necessary and equitable by the Plan Committee to preserve the intended economic outcome of a given
Bonus opportunity as measured at the commencement of a given Performance Year. 
 (d)    Determination and Payment
of Bonuses. Within one hundred twenty (120) days following the end of each Performance Year established under this Plan, the Plan Committee shall determine the extent to which the applicable performance goals have been achieved for such
Performance Year, and the extent to which the Participants hereunder have earned a Bonus in respect thereof. Any Bonus determinations hereunder shall be made by the Plan Committee in its sole discretion. To the extent earned, a Bonus hereunder shall
be paid to the Participant on the Company’s first regularly scheduled payroll date following the Plan Committee’s determination thereof. 

(e)    Obligation of Continued Employment. Notwithstanding any other provision of this Plan, or any other
policies, procedures or any other agreement between the Company and the Participant, except as otherwise explicitly set forth in a writing from the Company governing a Bonus awarded hereunder, an individual selected for participation in the Plan
shall cease to be a Participant and shall not be eligible for, or otherwise entitled to, any Bonus payment under the Plan if that Participant ceases Eligible Employee status for any reason prior to the payment date of any Bonus awarded hereunder.

  
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 (f)    Clawback/Forfeiture. Notwithstanding anything to the contrary
contained herein, the Plan Committee may provide that (i) clawback, forfeiture, or similar provisions shall apply if the Participant engages in activity that is in conflict with or adverse to the interests of the Company or any of its
Affiliates at any time, or during a specified time period, including fraud or conduct contributing to any financial restatements or irregularities, or if the Participant violates a non-compete, non-solicit, nondisclosure, or non-disparagement covenant or agreement with the Company or any of its Affiliates, or if the Participant violates any other policy, procedure,
or rule applicable to the Participant in a manner that adversely affects or could reasonably be expected to adversely affect the business or reputation of the Company or any of its Affiliates, or if the Participant’s employment or service is
terminated for “cause” (as such term is defined in the sole discretion of the Plan Committee, or as set forth in a written agreement relating to a Bonus between the Company and the Participant); (ii) in the case of an event described in
the preceding clause (i), the Participant must promptly repay any previously paid Bonus amounts to the Company, and that all then-outstanding Bonus opportunities held by such Participant hereunder shall terminate; and/or (iii) if the
Participant receives any amount in excess of what the Participant should have received under the terms of a Bonus for any reason (including without limitation by reason of a financial restatement, mistake in calculations, or other administrative
error), all as determined by the Plan Committee, then the Participant shall be required to promptly repay any such excess amount to the Company. In addition, the Company shall retain the right to bring an action at equity or law to enjoin the
Participant’s activity and recover damages resulting from such activity. Further, to the extent required by applicable law (including, without limitation, Section 304 of the Sarbanes-Oxley Act and Section 954 of the Dodd-Frank Wall
Street Reform and Consumer Protection Act) and/or the rules and regulations of New York Stock Exchange or any other national securities exchange on which the Company’s common equity securities are listed or quoted, or if so required pursuant to
a written policy adopted by the Company, Bonuses shall be subject (including on a retroactive basis) to clawback, forfeiture, or similar requirements (and such requirements shall be deemed incorporated by reference into this Plan document). 

 

	 	4.	ADMINISTRATION 

 (a)    Authority of Plan Committee. The
Plan shall be administered by the Plan Committee. Subject to the express provisions of this Plan, the Plan Committee shall have sole authority to interpret the Plan and to make all other determinations deemed necessary or advisable for the
administration of the Plan. All determinations and interpretations of the Plan Committee shall be final, binding, and conclusive as to all persons. The Board may at any time and from time to time grant Bonuses and administer the Plan with respect to
such Bonuses. In any such case, the Board shall have all the authority granted to the Plan Committee under the Plan. 

(b)    Delegation of Authority. The Plan Committee may delegate all or any portion of its responsibilities and
powers under the Plan to any one or more of its members or to any one or more members of the Board or to one or more of the Company’s executive officers or members of the Company’s senior management team. 

  
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 (c)    No Requirement of Uniformity. There is no requirement that the
amount of any Bonus, or form or terms of any Bonus, for any Eligible Employee be uniform as to particular individuals or as to any one or more classes of Eligible Employees or Participants. 

(d)    No Liability of Plan Committee Members. No member of the Plan Committee, nor any employee, officer, agent,
or director of the Company Group, shall be personally liable by reason of any action taken with respect to the Plan for any mistake of judgment made in good faith, and the Company shall indemnify and hold harmless each employee, officer, agent, and
director of the Company Group, including each member of the Plan Committee, to whom any duty or power relating to the administration or interpretation of the Plan may be allocated or delegated, against any cost or expense (including reasonable
counsel fees, which shall be advanced to such person prior to final resolution) or liability (including any sum paid in settlement of a claim with the approval of the Plan Committee) arising out of any act or omission to act in connection with the
Plan unless arising out of such person’s own fraud, bad faith, or gross negligence. Each member of the Plan Committee and each member of the Board (and each such member’s respective designees) shall be fully justified in acting or failing
to act, as the case may be, and shall not be liable for having so acted or failed to act in good faith, in reliance upon any report made by the independent registered public accounting firm of the Company and its Affiliates and/or any other
information furnished in connection with the Plan by any agent of the Company or the Plan Committee or the Board, other than such member or designee. 
  

	 	5.	AMENDMENT OR TERMINATION 

 The Plan Committee may amend, suspend, or terminate the Plan
or any portion thereof at any time; provided, however, that unless the written consent of a Participant is obtained, no such amendment, suspension, or termination shall adversely affect the rights of such Participant with respect to
any then-outstanding Bonus opportunity, and provided further, however, that only the Board may amend Section 4(a) hereof. For the avoidance of doubt, in no event shall a termination of this Plan affect the terms or payment
of any then-outstanding Bonus opportunity, which shall thereafter continue to be governed by the terms of the Plan as in effect prior to such termination. 
  

	 	6.	GENERAL PROVISIONS 

 (a)    Confidentiality. By accepting a
Bonus under the Plan, each Participant agrees to keep the existence and terms of the Plan and his Bonus strictly confidential at all times, and shall not disclose the existence or terms of the Plan or Bonus to any other person. Each
Participant’s obligation of confidentiality will continue to apply at all times both before and after payment of any Bonus hereunder, including following any termination of employment. 

(b)    Unfunded Plan. Participants shall have no right, title, or interest whatsoever in or to any investments
that the Company may make to aid it in meeting its obligations under the Plan. Notwithstanding anything contained herein to the contrary, to the extent that any person acquires a right to receive payments under the Plan, such right shall be no
greater than the right of an unsecured general creditor of the Company. 

  
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 (c)    Withholding. Payments under this Plan are subject to all
applicable federal, state, and local income tax withholdings and other payroll deductions. The Company shall deduct from all amounts paid to a Participant under the Plan all federal, state, local, and other taxes, and all other applicable payroll
deductions, required to be withheld with respect to the payment of any Bonus hereunder. 
 (d)    Not an Employment
Contract. Nothing contained herein shall give any Participant the right to be retained in the employment of the Employer, any other entity in the Company Group, or any successor thereto, or affect the Employer’s right to dismiss any
employee at will for any reason or no reason. 
 (e)    No Effect on Other Compensation. Payments made hereunder
shall not be taken into account when computing a Participant’s salary or compensation for purposes of determining any benefits or compensation under (i) any pension, retirement, life insurance, severance, or other benefit plan of the
Company or any member of the Company Group (including any successor) or (ii) any agreement between the Company or any member of the Company Group (including any successor) and a Participant. 

(f)    Section 409A. It is intended that the payments to be made under this Plan shall comply with the
“short-term deferral exemption” provided under Section 409A of the Internal Revenue Code of 1986, as amended, and the regulations promulgated thereunder (“Section 409A”), and
the Plan Committee shall interpret the Plan provisions accordingly. Notwithstanding such, in no event whatsoever shall the Company or any of its affiliates be liable for any additional tax, interest, or penalties that may be imposed on any
Participant by Section 409A or any damages for failing to comply with Section 409A, other than for withholding obligations or other obligations applicable to employers, if any, under Section 409A. 

(g)    No Assignment. No Participant may assign, sell, encumber, transfer, or otherwise dispose of any rights or
interests under the Plan except by will or the laws of descent and distribution. Any attempted disposition in contravention of the preceding sentence shall be null and void. 

(h)    Binding Nature of the Plan. This Plan shall be binding upon the heirs, executors, administrators, trustees,
successors, and permitted assigns of the parties, including each Participant, present and future, and any successor to the Company and its Affiliates. 

(i)    Notices. Any notice or other communication required or permitted pursuant to the terms hereof shall have
been duly given (i) if delivered by hand, on the date of such delivery; (ii) if mailed by courier or by overnight mail, on the first business day following the date of such mailing; and (iii) if mailed by registered or certified mail,
on the third business day after the date of such mailing. 

  
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 (j)    Governing Law; Venue; Waiver of Jury Trial. The terms of the
Plan and all rights thereunder shall be governed by and construed in accordance with the laws of the State of Delaware, without reference to principles of conflict of laws. Each Participant, by accepting a Bonus under the Plan, agrees to waive all
right to a trial by jury in any proceeding arising out of or relating to the Plan or the other agreements and instruments delivered hereunder or the transactions contemplated hereby or thereby. Each Participant irrevocably submits to the exclusive
jurisdiction of the federal courts located within the State of Delaware (or, if subject matter jurisdiction in such court is not available, in any state court located within Wilmington, Delaware) over any dispute arising out of or relating to the
Plan. 
 *        *        * 

  
 7Form of Indemnification Agreement

 Exhibit 10.25 

MPM HOLDINGS INC. 
 260
Hudson River Road 
 Waterford, NY 12188 

[Date] 
 [Name] 

[Address] 
 [Address] 

Dear [            ]: 

In connection with your activities in the capacity as a director of MPM Holdings Inc. (the “Company”), the Company hereby confirms the extension to
you as an indemnified party (“you” or “Indemnified Party”) of indemnification benefits as provided herein. 
  

	 	1.	Indemnification. 

  

	 	a.	 The Company agrees to indemnify, defend, protect and hold you (as the Indemnified Party) harmless, to the maximum
extent permitted by applicable law, including, without limitation, from and against any and all losses, claims, damages, demands, deficiencies, threats, liabilities, obligations, costs and expenses, including, without limitation, judgments, fines,
penalties, amounts paid in settlement or otherwise, including associated tax liabilities in respect of any such payments, and the reasonable fees and disbursements of counsel and other professionals, experts and advisors (collectively,
“Losses”), arising out of or relating to any civil, administrative, regulatory or criminal action, governmental investigation, inquiry, arbitration or other proceeding or claim of any kind, or any threat thereof, whether or not matured or
inchoate, known or unknown, suspected or unsuspected, vested or contingent, formal or informal, or arising from past, present or future activities (a “Proceeding”) incurred or suffered by or imposed upon you in connection with or related
to (i) you serving whether prior to, on or subsequent to the date hereof (A) as a director of the Company, or (B) as a witness in any Proceeding (including, but not limited to, the giving of testimony by deposition or otherwise) in
connection with or arising from any matter referred to in clause (A) above, or (ii) any act or omission, or alleged act or omission, whether arising prior to, on or subsequent to the date hereof, by you in connection with or arising from
your service as a director of the Company, or (iii) the enforcement of your rights hereunder. The Company will promptly reimburse you for all Losses as they are incurred by you and in advance of the final disposition of any Proceeding upon your
written demand in connection with investigating, preparing or defending any such Proceeding; provided however, that you hereby agree to repay to the Company any and all expense reimbursement and/or advancement, but only to the extent it is
determined by final adjudication from which there is no further right of appeal that the Losses relating to such Proceeding, for which expenses were reimbursed or advanced, were the result of

  
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your acts or failure to act which were in bad faith or with criminal intent. The Company hereby further agrees that in the event of any change in applicable law, statute or rule which narrows the
right of the Company to indemnify you, such changes, to the extent not otherwise required by such law, statute or rule to be applied to this Agreement, shall have no effect on this Agreement or the rights and obligations hereunder.

  

	 	b.	Notwithstanding paragraph 1(a) above, the Company will not be responsible for, and shall not be required to indemnify you in respect of any Losses incurred or suffered by you only to the extent such Losses are the
subject of a final adjudication from which there is no further right of appeal, establishing that your acts or omissions giving rise to such Losses were the result of your acts or failure to act which were in bad faith or with criminal intent. The
termination of any Proceeding or of any issue or matter therein by judgment, order, settlement or conviction without a finding, admission or consent to your criminal intent or bad faith, shall not adversely affect your right to indemnification under
this Agreement. The knowledge, actions or omissions of the Company or any or all of its affiliates or of any or all of its directors, officers, members, managers, shareholders, agents, consultants, representatives, employees, attorneys, or advisors,
shall not be imputed to you for purposes of determining your right to indemnification under this Agreement. 

  

	 	c.	The Company also agrees that you shall not have any liability to the Company or any or all of its affiliates or any or all of its directors, officers, members, managers, shareholders, agents, consultants,
representatives, employees, attorneys, or advisors for or in connection with, any matter for which you are entitled to indemnity hereunder. 

  

	 	d.	Notwithstanding any provision herein to the contrary, satisfaction of any claims for Losses incurred shall be limited to the assets and properties of the Company, and applicable insurance proceeds. Nothing herein shall
obligate or expose any director, officer, member, manager, shareholder, agent, consultant, representative, employee, attorney, or advisor of the Company, solely by reason of such person’s interest therein or capacity therewith, to satisfy any
indemnity herein beyond the then existing assets of the Company, including, without limitation, any available insurance proceeds. 

  

	 	e.	The indemnities provided herein shall survive the termination or completion of your performance of services as a director of the Company. 

 

	 	f.	As a condition to and as further consideration for the indemnification benefits provided herein, you will provide reasonable cooperation, on such terms and at such times as may reasonably be requested, to the Company
and its counsel, other professionals, experts and advisors respecting any Proceeding and/or Losses affecting you, the Company, or any of its affiliates. 

  
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	 	g.	Upon the payment of any indemnification obligation hereunder with respect to a Loss or Proceeding which was the basis for such indemnification obligation, the Company shall be subrogated to the rights of the Indemnified
Party in respect of any payment regarding such Loss or Proceeding with respect to which such amount has been paid by the Company hereunder (unless such rights are released or waived in connection with the settlement or other disposition of a
Proceeding approved by the Company); provided, however, that the foregoing shall not in and of itself extinguish any unpaid or unsatisfied rights the Indemnified Party has against any third party or the Company regarding such Loss or Proceeding.

  

	 	2.	Settlement of Proceedings. 

  

	 	a.	You agree that you will not settle, compromise or consent to the entry of any judgment as to the Indemnified Party in any pending or threatened Proceeding (whether or not you are an actual or potential party to such
Proceeding) in which you have sought indemnification hereunder without the Company’s prior written consent, which consent may be given or withheld in their sole discretion, unless such settlement, compromise or consent respecting such
Proceeding includes an unconditional release of you and does not (i) require or impose any injunctive or other non-monetary remedy on the Company or its affiliates, (ii) require or impose an admission or consent as to any wrongdoing by the
Company or its affiliates, or (iii) otherwise result in a direct or indirect payment by or monetary cost to the Company or its affiliates. 

  

	 	b.	The Company agrees that it will not settle, compromise or consent to the entry of any judgment as to the Indemnified Party in any pending or threatened Proceeding (whether or not you are an actual or potential party to
such Proceeding) in which you have sought indemnification hereunder without your prior written consent, which consent may be given or withheld in your sole discretion, unless such settlement, compromise or consent includes an unconditional release
of you and does not (i) require or impose any injunctive or other non-monetary remedy on you, (ii) require or impose an admission or consent as to any wrongdoing by you or (iii) otherwise result in a direct or indirect payment by or
monetary cost to you personally (as opposed to a payment to be made or cost to be paid by the Company on your behalf). 

  

	 	3.	 Notice and Procedure for Indemnification. Promptly after receipt by you of any threat, demand, notice of
any complaint or the commencement of any Proceeding with respect to which indemnification may be sought by you hereunder, you will notify the Company in writing thereof, but your failure to notify the Company will not relieve the Company from any
liability which the Company may have hereunder except to the extent that the Company is materially prejudiced thereby, but will not in any event relieve the Company from any other obligation or liability that the Company may have to you otherwise
than under this Agreement. If the Company so elects or is requested by you, the Company will assume the defense of such Proceeding, including the employment of counsel reasonably satisfactory to you and the Company and the payment of the fees and
disbursements of such counsel. In the event, however, that (a) you reasonably determine at any time that having such 

  
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counsel would present such counsel with a conflict of interest or if the defendants in, or targets of, any such Proceeding include both you and the Company or any of its directors, officers,
partners, members, managers or shareholders, and you reasonably conclude that there may be legal defenses available to you that are different from or in addition to those available to the Company or such other persons, or (b) the Proceeding
involves allegations of any criminal acts or criminal conduct by you, or is before or threatened by any regulatory agency or commission, or (c) if the Company fails to assume the defense of the Proceeding or to employ counsel reasonably
satisfactory to you, in either case in a timely manner, then, in the case of (a), (b) or (c) above, you may employ separate counsel to represent or defend you in any such Proceeding and the Company will pay in advance (subject to the terms
and conditions hereof) of the final disposition of such Proceeding upon your written demand the reasonable fees and disbursements of such counsel; provided, however, that the Company will not be required to pay the fees and
disbursements of more than one separate counsel for you in any jurisdiction in any single Proceeding. In any Proceeding the defense of which the Company assumes that does not entitle you to exercise the rights set forth in the preceding sentence,
you will have the right to participate in such Proceeding and to retain your own counsel at your own expense. 

  

	 	4.	Remedies. In any claim by you to enforce a right of indemnification or advancement of expenses, or by the Company to recover any amounts advanced to you hereunder, the Company shall have the burden of proving
that you are not entitled to indemnification, or that it is entitled to the repayment of any such advance under this Agreement. If you are successful, in whole or in part, in any such claim, you shall be entitled to be paid all expenses, including,
without limitation, reasonable fees and disbursements of counsel and other professionals, experts and advisors, of prosecuting or defending such claim, including enforcing this Agreement. 

 

	 	5.	Contribution. To the extent permitted by law, the Company agrees that if any indemnification sought by you pursuant to this Agreement is held by a court of competent jurisdiction, pursuant to a final adjudication
from which there is no further right of appeal, to be unavailable for any reason other than as specified in paragraph 1(b) above, then the Company and you will contribute to the Losses for which such indemnification is held unavailable in such
proportion as is appropriate to reflect the relative benefits to the Company, on the one hand, and you, on the other hand, in connection with activities taken on the Company’s behalf in connection with your services to the Company.

  

	 	6.	Nonexclusivity; No Impairment of Rights. The indemnity, reimbursement and contribution obligations of the Company under this Agreement shall be in addition to any rights that you may have at common law or
otherwise. Further, nothing contained herein shall be deemed to impair, restrict or prevent any party from exercising any rights or remedies otherwise available to him, her or it under law upon any default by any other party hereunder.

  

	 	7.	 Insurance. Without limiting any other provision of this Agreement, to the extent that the Company
maintains, or in the future should obtain, an insurance policy or 

  
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policies providing liability insurance for persons serving on its behalf or other entity in any capacity at the request of the Company, the Company shall use its best efforts to include you as an
insured person at its expense under such policy or policies in accordance with its or their terms to the maximum extent of the coverage available for any such person under such policy or policies and, to the extent applicable, you shall be a (third
party) beneficiary thereof; provided that to the extent applicable and reasonably necessary you shall abide by applicable provisions in such insurance program respecting, among other things, your cooperation and employment of counsel approved by the
insurer, etc. 

  

	 	8.	Authorization; Enforceability. The Company hereby represents and warrants as follows: 

  

	 	a.	The execution of this letter agreement does not violate or otherwise conflict with any agreement, arrangement or obligation of the Company, including but not limited to the charter and governing documents of the
Company. 

  

	 	b.	This letter agreement has been duly authorized, executed and delivered, and it constitutes the legal, valid and binding obligation of the Company, enforceable against the Company, its successors and assigns in
accordance with its terms. 

  

	 	9.	Notices. All notices, requests, demands and other communications hereunder shall be in writing and shall be deemed to have been duly given if (i) delivered personally and receipted for by the party to whom
said notice or other communication shall have been directed, or (ii) mailed by certified or registered first-class mail, return receipt requested, with postage prepaid, on the third business day after the date on which it is so mailed:

  

	 	a.	If to you, to the address set forth on the first page hereof. 

  

	 	b.	If to the Company, to: 

 MPM Holdings Inc. 

260 Hudson River Road 

Waterford, NY 12188 
 Attention:
General Counsel 
 or to such other address as may have been furnished to you by the Company or to the Company by you, as the case may be.

  

	 	10.	Amendments. No supplement, modification or amendment of this Agreement shall be binding on you or any other party unless executed in writing by each of the parties hereto. No waiver of any of the provisions of
this Agreement shall be deemed or shall constitute a waiver of any other provision hereof (whether or not similar) nor shall such waiver constitute a continuing waiver. 

  
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	 	11.	Assignment. All rights and privileges hereunder shall inure to the benefit of your heirs, executors and administrators and all obligations of the Company shall be binding upon its successors and legal
representatives. Subject to the foregoing, neither you nor the Company may assign any rights or delegate any duties hereunder without the prior written consent of the other. 

 

	 	12.	Severability; Construction. If this letter agreement or any portion thereof shall be invalidated on any ground by any court of competent jurisdiction, then the Company shall nevertheless indemnify you to the
fullest extent permitted by any applicable portion of this letter agreement that shall not have been invalidated and to the fullest extent permitted by applicable law. To the fullest extent possible, the provisions of this letter agreement
(including, without limitation, each portion of any provision of this letter agreement containing any such provision held to be invalid, illegal or unenforceable, that is not itself invalid, illegal or unenforceable) shall be construed so as to give
effect to the intent manifested by the provision held invalid, illegal or unenforceable. In this regard, if the court finds any provision of this letter agreement to be invalid due to the scope thereof, the court shall have the right to reduce the
scope of such provision in order to render it enforceable. Further, this letter agreement shall not be construed against one party or the other by reason of any one party’s preparation hereof. 

 

	 	13.	Jurisdiction and Venue. The parties hereby consent to exclusive jurisdiction, service and venue in any federal or state court in the county, city and state of New York. 

 

	 	14.	Governing Law. This letter agreement shall be governed by and construed in accordance with the laws of the State of Delaware without regard to conflicts of laws principles. 

 

	 	15.	Counterparts. This letter agreement may be executed in two or more counterparts, each of which shall be deemed an original, but when taken together, shall constitute one and the same instrument.

 [next page is signature page] 

  
 Page 6 

 Very truly yours, 
  

			
	MPM HOLDINGS INC.
		
	By:	 	 
	Name:	 	
	Title:	 	

  
 Indemnification Letter
Agreement 
 Signature Page 

			
	INDEMNIFIED PARTY
		
	By:	 	 
	Name:	 	

  
 Indemnification Letter
Agreement 
 Signature Page

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