Document:

EX-10.7

 Exhibit 10.7 

FORM OF TRADEMARK LICENSE AGREEMENT 

by and between 
 FMC CORPORATION

 and 
 LIVENT CORPORATION 

Dated as of [—] 

 TABLE OF CONTENTS 

 
  

 

					
	 	  	PAGE	 
	
	ARTICLE 1	  

	DEFINITIONS	  

		
	 Section 1.01. Certain Definitions
	  	 	1	 
	 Section 1.02. Other Definitional and Interpretative Provisions
	  	 	4	 
	
	ARTICLE 2	  

	GRANT OF LICENSE	  

		
	 Section 2.01. Grant of License
	  	 	4	 
	 Section 2.02. Sublicense Rights
	  	 	5	 
	 Section 2.03. Permitted Domain Names
	  	 	5	 
	 Section 2.04. Disclaimers; Limitation of Liability
	  	 	6	 
	
	ARTICLE 3	  

	OWNERSHIP AND USE OF LICENSED TRADEMARKS	
 

		
	 Section 3.01. Ownership of Licensed Trademarks
	  	 	6	 
	 Section 3.02. Challenges to Licensed Trademarks
	  	 	6	 
	 Section 3.03. Applications and Registrations
	  	 	6	 
	 Section 3.04. Use of the Licensed Trademarks
	  	 	7	 
	 Section 3.05. Quality Standards and Inspection
	  	 	7	 
	 Section 3.06. Third Party Notices
	  	 	8	 
	
	ARTICLE 4	  

	INFRINGEMENT AND INDEMNIFICATION	  

		
	 Section 4.01. Infringement of Licensed Trademarks by Third Party
	  	 	8	 
	 Section 4.02. Third Party Actions
	  	 	9	 
	 Section 4.03. Indemnification
	  	 	9	 
	
	ARTICLE 5	  

	TERM AND TERMINATION	  

		
	 Section 5.01. Term
	  	 	10	 
	 Section 5.02. Termination by Licensee
	  	 	10	 
	 Section 5.03. Termination by Licensor
	  	 	10	 
	 Section 5.04. Effect of Termination
	  	 	11	 
	 Section 5.05. Domain Name Redirect
	  	 	11	 
	 Section 5.06. Survival
	  	 	11	 

  
 i 

					
	
	ARTICLE 6	  

	GENERAL	  

		
	 Section 6.01. Assignment
	  	 	11	 
	 Section 6.02. Interpretation; Incorporation of Terms by Reference
	  	 	12	 

  
 ii 

 FORM OF TRADEMARK LICENSE AGREEMENT 

This TRADEMARK LICENSE AGREEMENT, dated as of [—] (the “Effective Date”), is made by and between FMC CORPORATION,
a Delaware corporation (“Licensor”) and LIVENT CORPORATION, a Delaware corporation (“Licensee”). 

WHEREAS, pursuant to the Separation and Distribution Agreement between Licensor and Licensee of even date herewith (the
“Separation and Distribution Agreement”), Licensor has contributed, transferred and conveyed to Licensee certain of Licensor’s assets, and Licensee has assumed certain of Licensor’s liabilities, in each case, related to
the Lithium Business, and as a result of such transactions, Licensee will operate separately from Licensor after the date hereof. 

WHEREAS, Licensor and Licensee have agreed that Licensor shall retain sole and exclusive ownership of the Licensed Trademarks (as defined
below); 
 WHEREAS Licensee desires to obtain, and Licensor is willing to grant, certain rights and licenses to use the Licensed Trademarks
in connection with the Lithium Business (as defined below) solely as set forth in this Agreement; and 
 WHEREAS, the Separation and
Distribution Agreement requires the execution and delivery of this Agreement; 
 NOW, THEREFORE, in consideration of the foregoing, and for
other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties agree as follows: 
 ARTICLE
1 
 DEFINITIONS 

Section 1.01. Certain Definitions. For the purposes of this Agreement the following terms shall have the following meanings;
provided that capitalized terms used but not otherwise defined in this Section 1.01 shall have the respective meanings ascribed to such terms in the Separation and Distribution Agreement: 

“Affiliate” means, with respect to any Person, any other Person directly or indirectly controlling, controlled by, or
under common control with such Person whether now or in the future. For the purpose of this Agreement, Licensee and its Subsidiaries shall not be considered Affiliates of Licensor. The term “control”, as used with respect to any
Person, means the power to direct or cause the direction of the management and policies of such Person, directly or indirectly, whether through the ownership of voting securities, by contract or otherwise. “Controlled” and
“controlling” have meanings correlative to the foregoing. 

 “Agreement” means this Trademark License Agreement, including all of the
schedules and exhibits hereto. 
 “Applicable Law” means, with respect to any Person, any federal, state or local
law (statutory, common or otherwise), constitution, treaty, convention, ordinance, code, rule, regulation, order, injunction, judgment, decree, ruling or other similar requirement enacted, adopted, promulgated or applied by a Governmental Authority
that is binding upon or applicable to such Person, as amended unless expressly specified otherwise.  
 “Business
Day” means any day other than Saturday, Sunday or any other day on which commercial banks in New York, New York are authorized or required by Applicable Law to close.  

“Business Items” means any and all items on which any Licensed Trademark is used in connection with the Lithium
Business as of the Effective Date including signs, business cards, invoices, letterhead, agreements and other commercial documents, inventory, labels, equipment, trailers, trucks and other vehicles.  

“Corporate Identity” means any business or corporate entity name, trade name or other business or corporate identifier
(e.g., “d/b/a”). 
 “Damages” has the meaning set forth in Section 4.03. 

“Effective Date” has the meaning set forth in the preamble. 

“Field of Use” means any product or service developed, marketed, promoted, sold or provided by Licensee as of the
Effective Date in connection with the conduct of the Lithium Business. 
 “Governmental Authority” means any
transnational, domestic or foreign federal, state or local, governmental authority, department, court, agency or official, including any political subdivision thereof.  

“License” has the meaning set forth in Section 2.01. 

“Licensed Logos” means the “FMC” logos set forth on Exhibit A (as the same may be updated from time to time
by Licensor). 
 “Licensed Trademarks” means the Licensed Word Mark and Licensed Logos. 

“Licensed Word Mark” means the word mark “FMC”. 

  
 2 

 “Licensee” has the meaning set forth in the preamble. 

“Licensor” has the meaning set forth in the preamble. 

“Lithium Business” means all of the businesses and operations of Licensee and the members of the Lithium Group as
described in the IPO Registration Statement. 
 “Other Licensor Marks” has the meaning set forth in Section
5.04. 
 “Permitted Domain Names” has the meaning set forth in Section 2.03. 

“Person” means an individual, corporation, partnership, limited liability company, association, trust or other entity
or organization, including a Governmental Authority.  
 “Promotional Material” means any and all material
used in the promotion of, or otherwise in connection with, any products or services within the Field of Use (whether written or recorded in any medium) as permitted in this Agreement, and includes artwork, advertising materials (irrespective of the
medium in which they are recorded), display materials, brochures, videos, broadcasts and posters (including any internet or web-based materials). 

“Seperation and Distribution Agreement” has the meaning set forth in the recitals. 

“Social Media Identifier” means any name, mark or other identifier (either alone or in combination with any other
name, mark or other identifier) used to establish an account, screen name, nickname or “handle” on, or means to locate any, social media product, service, application or tool (e.g., Twitter, Facebook, etc.) or similar service (now known or
hereafter known), including any of the foregoing that permits the exchange of user generated content on the internet (e.g., YouTube, Instagram, etc.). 

“Sublicense” has the meaning set forth in Section 2.02. 

“Sublicense” has the meaning set forth in Section 2.02. 

“Subsidiary” means, with respect to any Person, any entity of which securities or other ownership interests having
ordinary voting power to elect a majority of the board of directors or other persons performing similar functions are at any time directly or indirectly owned by such Person. For the purpose of this Agreement, Licensee and its Subsidiaries shall not
be considered Subsidiaries of Licensor. 

  
 3 

 “Term” has the meaning set forth in Section 5.01. 

Section 1.02. Other Definitional and Interpretative Provisions. The words “hereof,” “herein” and
“hereunder” and words of like import used in this Agreement shall refer to this Agreement as a whole and not to any particular provision of this Agreement. The captions herein are included for convenience of reference only and shall be
ignored in the construction or interpretation hereof. References to Articles, Sections and Exhibits are to Articles, Sections and Exhibits of this Agreement unless otherwise specified. All Exhibits annexed hereto or referred to herein are hereby
incorporated in and made a part of this Agreement as if set forth in full herein. Any capitalized terms used in any Exhibit but not otherwise defined therein, shall have the meaning as defined in this Agreement. Any singular term in this Agreement
shall be deemed to include the plural, and any plural term the singular. Whenever the words “include,” “includes” or “including” are used in this Agreement, they shall be deemed to be followed by the words “without
limitation,” whether or not they are in fact followed by those words or words of like import. “Writing,” “written” and comparable terms refer to printing, typing and other means of reproducing words (including electronic
media) in a visible form. References to any statute shall be deemed to refer to such statute as amended from time to time and to any rules or regulations promulgated thereunder. References to any agreement or contract are to that agreement or
contract as amended, modified or supplemented from time to time in accordance with the terms hereof and thereof. References to any Person include the successors and permitted assigns of that Person. References from or through any date mean, unless
otherwise specified, from and including or through and including such date, respectively. References to “law,” “laws” or to a particular statute or law shall be deemed also to include any and all Applicable Law. 

ARTICLE 2 
 GRANT
OF LICENSE 
 Section 2.01. Grant of License. Subject to the terms and conditions of this
Agreement, Licensor hereby grants to Licensee, during the Term, a worldwide, limited (as set forth in Article 5), revocable (as set forth in Section 5.03), royalty-free, non-transferable (except as set forth in Article 6), non-sublicensable (except
as set forth in Section 2.02) and non-exclusive license to use the Licensed Trademarks solely in connection with any product or service in the Field of Use (the “License”). 

Section 2.02. Sublicense Rights. Subject to Licensee’s ongoing compliance with the terms and conditions of this
Agreement, the License shall 

  
 4 

 
include the right of Licensee to grant sublicenses to any (i) Subsidiary of Licensee and (ii) manufacturers, suppliers, distributors, contractors or consultants but solely
for the purpose of providing products and services to or otherwise acting on behalf of and at the direction of Licensee (each sublicense granted under this Section 2.02, a “Sublicense” and a sublicensee under a
Sublicense, a “Sublicensee”), provided that: 
 (a) each Sublicense shall be in writing and
shall contain terms that bind the Sublicensee to the terms and conditions of this Agreement; 
 (b) no Sublicensee shall have the right to
assign or sublicense its rights or licenses under its Sublicense to any third party; 
 (c) each Sublicense shall automatically terminate
upon the earlier of (i) the expiration or the termination of this Agreement and/or (ii) with respect to any Sublicense granted to any Subsidiary of Licensee, the date on which such Subsidiary ceases to be a Subsidiary of Licensee; 

(d) all terms and obligations applicable to Licensee under this Agreement shall equally apply to each Sublicensee and any act or omission of
each Sublicensee shall be deemed an act or omission of Licensee (including any breach by any Sublicensee of the terms and conditions of this Agreement related to the use of the Licensed Trademarks) and Licensee shall be liable for any such acts or
omissions; and 
 (e) Licensee shall at all times and at its own cost enforce compliance by each Sublicensee with the terms and conditions
of this Agreement. 
 Section 2.03. Permitted Domain Names. Subject to the terms and conditions of this Agreement, Licensee
shall have the right and worldwide, limited (as set forth in Article 5), revocable (as set forth in Section 5.03), royalty-free, non-transferable (except as set forth in Article 6), non-sub-licensable (except as set forth in Section 2.02) and
non-exclusive license during the Term to register solely as a domain name with the applicable domain name registrar (and not as a trademark or service mark), maintain and use, at Licensee’s sole cost and expense, the domain names set forth on
Exhibit B (the “Permitted Domain Names”) solely for the purpose of directing internet traffic to web sites related to the Lithium Business. Upon any expiration or termination of this Agreement, Licensee shall, at Licensee’s
sole cost and expense, promptly and irrevocably assign and transfer to Licensor the Permitted Domain Names and provide Licensor with any applicable passwords or other information necessary to control and maintain the Permitted Domain Names. 

Section 2.04. Disclaimers; Limitation of Liability. THE LICENSE AND ALL OTHER RIGHTS GRANTED HEREIN ARE MADE ON AN “AS
IS” 

  
 5 

 
AND “WHERE IS” BASIS, AND LICENSOR HEREBY DISCLAIMS ANY EXPRESS OR IMPLIED REPRESENTATIONS OR WARRANTIES OF ANY KIND, INCLUDING WITHOUT LIMITATION, THOSE REGARDING MERCHANTABILITY,
FITNESS FOR A PARTICULAR PURPOSE, OR OF NON-INFRINGEMENT. TO THE EXTENT PERMITTED BY APPLICABLE LAW, LICENSOR SHALL NOT BE LIABLE UNDER ANY LEGAL OR EQUITABLE THEORY FOR ANY INDIRECT, SPECIAL, INCIDENTAL, OR CONSEQUENTIAL DAMAGES OF ANY KIND EVEN IF
LICENSOR HAS BEEN ADVISED OF THE POSSIBILITY OF SUCH DAMAGES. 
 ARTICLE 3 

OWNERSHIP AND USE OF LICENSED TRADEMARKS 

Section 3.01. Ownership of Licensed Trademarks. Neither this Agreement nor its performance confer on Licensee any right,
title or interest in or to any Licensed Trademark other than those rights expressly granted in this Agreement. Licensor shall have the right to grant any other rights in and licenses of the Licensed Trademarks as it sees fit and nothing in this
Agreement restricts Licensor’s right to use the Licensed Trademarks on or in connection with any products or services. All goodwill associated with any use of the Licensed Trademarks by Licensee or any Sublicensee shall inure to the sole and
exclusive benefit of Licensor.  
 Section 3.02. Challenges to Licensed Trademarks. Licensee shall not
(a) challenge the validity or ownership of any Licensed Trademark or any other marks of Licensor or claim adversely or assist in any claim adverse to Licensor concerning any right, title or interest in any Licensed Trademark or (b) do, or
permit any Sublicensee to do, any act which may directly or indirectly (i) impair or prejudice Licensor’s right, title or interest in or to any Licensed Trademark or (ii) be likely to adversely affect any Licensed Trademark or
otherwise be detrimental to the reputation and goodwill of Licensor, including any act which might assist or give rise to any application to remove or de-register any Licensed Trademark or any other related marks of Licensor. 

Section 3.03. Applications and Registrations. Licensee shall provide Licensor with such reasonable assistance, at
Licensor’s sole cost and expense, as Licensor may deem necessary or appropriate in order for Licensor to file, prosecute, defend and maintain applications and registrations for the Licensed Trademarks, or any mark containing any Licensed
Trademark, as Licensor deems appropriate in its complete discretion, including providing all consents, other documents and specimens of use reasonably requested by Licensor.  

Section 3.04. Use of the Licensed Trademarks.  

  
 6 

 (a) Standards for Use of the Licensed Trademarks. Licensee’s use of the
Licensed Trademarks shall conform to (a) the standards of use of the Licensed Trademarks set forth on Exhibit C and (b) such other reasonable standards as Licensor from time to time prescribes, including standards with respect to
the font, design, size, position, appearance, marking and color of the Licensed Trademarks, and the manner of use of the Licensed Trademarks and accompanying designations on or in connection with any product, service, document or other media
(including any Business Item or Promotional Material) of the Lithium Business. 
 (b) Use of the Licensed Trademarks.
Subject to compliance with the terms and conditions of this Agreement, Licensee may use the Licensed Trademarks on any Business Item or Promotional Material for products or services within the Field of Use. Without limiting Licensee’s rights
under this Agreement, Licensee shall exercise commercially reasonable efforts to always use the Licensed Word Mark as part of “FMC Lithium” and not on a standalone basis. 

(c) Prohibitions on Use and Registration. Licensee shall not, and shall cause its Affiliates not to, (i) register or use or
attempt to register or to use any trademark, design, Corporate Identity, URL, domain name, or Social Media Identifier that may be similar to or contain any Licensed Trademark (except as expressly permitted in Section 2.03 with respect to the
Permitted Domain Names); (ii) register or attempt to register any Licensed Trademark individually or as part of, in combination with or otherwise in connection with, any mark, logo or other source identifier (including as part of “FMC
Lithium”); (iii) use any Licensed Trademark in connection with any product or service outside the Field of Use; (iv) use any Licensed Trademark with any mark, logo or other source identifier in such close proximity as to form a
composite mark (other than as part of “FMC Lithium” as permitted under this Agreement) or (v) use any Licensed Trademark in any way that may imply that such Licensed Trademark is a Corporate Identity of Licensee (other than as part of
“FMC Lithium” as permitted under this Agreement).  
 Section 3.05. Quality Standards and Inspection.
 
 (a) All products and services to which any Licensed Trademark is applied (and all Business Items and Promotional Materials used
in connection with any of the foregoing) shall be (a) in compliance with all Applicable Laws at all times, (b) provided in a manner so as not to bring discredit or disrepute upon any Licensed Trademark and (c) of at least
substantially the same quality as those products and services sold or provided by Licensor and its Subsidiaries immediately prior to the Effective Date, which quality shall be reasonably maintained on a consistent basis. 

  
 7 

 (b) Licensor shall have the right to inspect any designation, document or other media
including any Business Items and Promotional Materials, and any facilities or records, used or maintained by Licensee or any Sublicensee in connection with the manufacture, commercialization, supply or other exploitation of any product or service
under any Licensed Trademark upon providing Licensee with one (1) week prior written notice. Such inspection shall only be permitted during Licensee’s normal business hours. Upon any such written request, Licensee shall furnish Licensor
with representative samples of products and services bearing any Licensed Trademark (including Business Items and Promotional Materials) in order for Licensor to ascertain that they conform to such quality standards and other provisions of this
Agreement. Such samples shall be furnished by Licensee either at the facility at which they are ordinarily kept, or, upon request of Licensor, shipped to Licensor at Licensor’s expense. In the event that Licensor determines that any sample does
not meet such standards, Licensee shall have sixty (60) days after notification by Licensor within which to make the changes required for compliance. 

Section 3.06. Third Party Notices. Licensee shall ensure that, to the fullest extent practicable under the circumstances,
any Business Item, Promotional Material and any other item of the Lithium Business which includes a reference to any Licensed Trademark contains a written statement to the effect that (a) such Licensed Trademark is owned by Licensor and used by
Licensee under license (or such other statement as Licensor may reasonably require from time to time) and (b) such Business Item, Promotional Material or other item is being distributed by Licensee and not by Licensor; provided that the
obligations set forth in this Section 3.06 shall only apply to such Business Items, Promotional Materials or other item (as applicable) created at any time after the date that is three (3) months after the Distribution Date. 

ARTICLE 4 

INFRINGEMENT AND INDEMNIFICATION 

Section 4.01. Infringement of Licensed Trademarks by Third Party.  

(a) Licensee shall immediately notify Licensor of any infringement, misappropriation, dilution or other violation of any Licensed Trademark by
any Person and shall inform Licensor of all particulars that it may have regarding the foregoing. 
 (b) Licensor shall have the sole and
exclusive right, but not the obligation, to take any action, legal or otherwise, in connection with any infringement, misappropriation, dilution or other violation of any Licensed Trademark. Licensor may require Licensee to, and Licensee shall (upon
such request), lend its name to such proceedings and provide reasonable assistance. If 

  
 8 

 
Licensor declines to take such action, then Licensee shall have the right to take such action on behalf of Licensor at Licensee’s cost and expense, unless Licensor determines in its
reasonable judgment that such action may adversely impact its rights in any Licensed Trademark. In the event that Licensee initiates an action pursuant to this Section 4.01(b), Licensee shall (i) keep Licensor fully and promptly informed of the
conduct and progress of such action; and (ii) indemnify Licensor for all Damages (as defined in Section 4.03) arising from such action or any claims or counterclaims asserted against Licensor; and provided, further, that Licensee shall not
settle any such action in a manner that would adversely affect any right, title or interest of Licensor in and to any Licensed Trademark without Licensor’s prior written consent. Any damages or settlement amounts recovered for any Licensed
Trademark in any such action shall first be used to reimburse each party for its respective costs incurred in such action, and then shall belong solely and exclusively to the party that initiated such action. Except as otherwise provided in this
Section 4.01(b), Licensee shall not institute, commence or prosecute any claim, action or proceeding against any Person alleging infringement, misappropriation, dilution or other violation of any Licensed Trademark without the prior written consent
of Licensor. 
 Section 4.02. Third Party Actions. Licensee shall immediately notify Licensor of any allegations, claims
or demands (actual or threatened) against Licensee or any Sublicensee for infringement, misappropriation, dilution or other violation of any trademark rights of any Person by reason of Licensee’s or any Sublicensee’s use of any Licensed
Trademark and shall inform Licensor of all particulars that it may have regarding the foregoing. Licensee shall not, and shall cause each Sublicensee not to, enter into any settlement, admit any liability or consent to any adverse judgment that
would adversely affect any right, title or interest of Licensor in and to any Licensed Trademark without the prior written consent of Licensor. Each party shall have the right to employ separate counsel and participate in the defense of such action
at its own expense. 
 Section 4.03. Indemnification. Licensee agrees to indemnify, defend and hold Licensor and
its Affiliates (including their respective officers, directors, employees and agents) harmless from and against all losses, claims, damages, liabilities, demands, proceedings and costs (including legal costs and attorneys’ fees)
(“Damages”) arising out of any third-party claim relating to (a) any product or service of Licensee or any Sublicensee which bears any Licensed Trademark and/or (b) any breach of any right of or obligation to
Licensor under this Agreement, including any use of any Licensed Trademark in breach of the terms and conditions of this Agreement. 

  
 9 

 ARTICLE 5 

TERM AND TERMINATION 

Section 5.01. Term. This Agreement is effective as of the Effective Date and continues in full force and effect until the second
(2nd) anniversary of the Distribution Date, unless terminated earlier in accordance with Section 5.02 or Section 5.03 (the “Term”). 

Section 5.02. Termination by Licensee. Licensee may terminate this Agreement in its entirety at will upon thirty
(30) days written notice to Licensor. 
 Section 5.03. Termination by Licensor. Licensor may terminate this
Agreement, and the rights of Licensee or any Sublicensee, by written notice to Licensee immediately (or upon such other time period as indicated below) if any of the following events occur: 

(a) Licensee or any Sublicensee has committed a material breach of this Agreement and fails to remedy such breach within sixty (60) days
of receipt of written notice of such breach; 
 (b) Licensee or any Sublicensee has materially altered any Licensed Trademark without
Licensor’s prior express written approval; 
 (c) Licensee or any Sublicensee uses, markets, promotes or sells products or services
bearing any Licensed Trademark in any manner that deceives or misleads the public or damages or impairs the reputation or value of any Licensed Trademark in any material respect; 

(d) Licensee or any Sublicensee challenges the validity or enforceability of, or Licensor’s right to use or license the use of, any
Licensed Trademark or assists a third party in such a challenge, and fails to withdraw such challenge within five (5) days of Licensor’s written notice of its intent to terminate this Agreement due to such challenge; 

(e) Licensee or any Sublicensee files a voluntary petition under the United States Bankruptcy Code or the insolvency laws of any state or has
an involuntary petition filed against it under the United States Bankruptcy Code or a receiver appointed for its business, unless such petition or appointment of a receiver is dismissed within thirty (30) days; 

(f) Licensee or any Sublicensee undergoes a sale, merger, consolidation, spin-off, public or private offering of securities or other
transaction or series of related transactions resulting in a third party (other than Licensor or any of its Affiliates) obtaining control of Licensee or such Sublicensee; or 

  
 10 

 (g) Licensee assigns or transfers or attempts to assign or transfer this Agreement in
violation of Article 6. 
 Section 5.04. Effect of Termination. Upon expiration or termination of this Agreement,
Licensee shall, and shall cause each Sublicensee to, immediately cease any and all use of the Licensed Trademarks or any derivation thereof in any form, including by removing the Licensed Trademarks from any and all assets, inventories,
advertisements, communications, website content, other internet or electronic communication vehicles and other documents and materials of Licensee and all Sublicensees, including any and all Business Items and Promotional Materials. In furtherance
of the foregoing, promptly upon expiration or termination of this Agreement, Licensee shall discontinue use of and change the Corporate Identity of Licensee and any and all of its Subsidiaries that include any Licensed Trademark or any other
trademark or service mark owned by Licensor or any of its Affiliates (such other marks, the “Other Licensor Marks”) to a name that does not use or contain any Licensed Trademark or any Other Licensor Mark and is not
confusingly similar to any Licensed Trademark or any Other Licensor Mark. Licensee shall and shall cause its Subsidiaries to discontinue any further use of any such Corporate Identity on any Business Item and Promotional Material. In the event that
Licensee or any Sublicensee fails to cease using the Licensed Trademarks, Licensee agrees and hereby specifically consents to Licensor obtaining a decree of a court having jurisdiction over Licensee or any Sublicensee ordering Licensee and the
Sublicensees to stop the use of the Licensed Trademarks in any form. 
 Section 5.05. Domain Name Redirect. For
twelve (12) months after the expiration or termination of this Agreement pursuant to this Article 5, Licensor shall use commercially reasonable efforts to include a hypertext and/or graphic link in form and substance reasonably and in good
faith determined by Licensor to redirect site visitors of the Permitted Domain Names to livent.com or another domain name related to the Lithium Business as designated by Licensee in writing to Licensor. 

Section 5.06. Survival. Notwithstanding anything in this Agreement to the contrary, Sections 2.04, 3.01, 3.02, 4.03, 5.04 and 5.06
and Article 6 and all associated definitions and interpretative provisions of this Agreement shall survive any expiration or termination of this Agreement. 

ARTICLE 6 
 GENERAL

 Section 6.01. Assignment. This Agreement, and the License, are personal to Licensee. Licensee shall not voluntarily or by
operation of law assign or otherwise transfer all or any part of Licensee’s interest in this Agreement, and any attempted assignment or other transfer shall be null and void and may result in termination by Licensor pursuant to Section 5.03(g).

  
 11 

 Section 6.02. Interpretation; Incorporation of Terms by Reference. This
Agreement is an “Ancillary Agreement” as such term is defined in the Separation and Distribution Agreement and shall be interpreted in accordance with the terms of the Separation and Distribution Agreement in all
respects; provided that in the event of any conflict or inconsistency between the terms of this Agreement and the terms of the Separation and Distribution Agreement in respect of the subject matter of this Agreement, the terms of this
Agreement shall control in all respects. Sections 9.03, 9.04, 9.05, 9.06, 9.07 (other than 9.07(d)), 9.08, 9.09, 9.10, 9.11, 9.12, 9.13, 9.15, 9.16 and 9.17 (subject to the immediately preceding sentence) of the Separation and Distribution Agreement
shall each be incorporated herein by reference, mutatis mutandis, as if set forth in full herein. 
 [The remainder of this page has been
intentionally left blank; the next page is the signature page.] 

  
 12 

 IN WITNESS WHEREOF, the parties have caused this Agreement to be duly executed as of the
date first written above. 
  

			
	FMC Corporation
		
	By: 	 	  

		 	Name:
		 	Title:

  

			
	Livent Corporation
		
	By: 	 	  

		 	Name:
		 	Title:

 EXHIBIT A 

Licensed Trademarks 
  

 

 EXHIBIT B 

Permitted Domain Names 
 Fmclithium.com

 Fmclithiumfinechemicals.com 
 Fmclithium.asia 

Fmclithium.eu 
 Fmclithium.net.cn 

Fmclithium.us 
 Fmcelectro.com 

 EXHIBIT C 

Licensed Trademarks Standards of Use 

[attached]EX-10.8

 Exhibit 10.8 

FORM OF LIVENT CORPORATION 

INCENTIVE COMPENSATION AND STOCK PLAN 

(As of                ) 

ARTICLE 1 
 PURPOSE

 Section 1.01.    Purpose.  The purpose of the Plan is to give the Company a competitive
advantage in attracting, retaining and motivating officers, employees, directors and consultants of the Company and its Affiliates. 

ARTICLE 2 

DEFINITIONS 

Section 2.01.    General.  For purposes of the Plan, the following terms are defined as set forth
below: 
 (a)    “Affiliate” means a corporation or other entity controlled by, controlling or under
common control with the Company, including, without limitation any corporation, partnership, joint venture or other entity during any period in which at least a fifty percent (50%) voting or profits interest is owned, directly or indirectly, by the
Company or any successor to the Company. 
 (b)    “Award” means a Management Incentive Award, Stock
Option, Stock Appreciation Right, Restricted Stock Unit, Restricted Stock, Converted Award or other award authorized under the Plan. 

(c)    “Award Cycle” means a period designated by the Committee over which Awards are to be earned. 

(d)    “Board” means the Board of Directors of the Company. 

(e)    “Cause” means (i) “Cause” as defined in any Individual Agreement to which the
participant is a party, or (ii) if there is no such Individual Agreement, or, if it does not define “Cause”: (A) the participant having been convicted of, or pleading guilty or nolo contendere to, a felony under federal or state law;
(B) the Willful and continued failure on the part of the participant to substantially perform his or her employment duties in any material respect (other than such failure resulting from Disability), after a written demand for substantial
performance is delivered to the participant that specifically identifies the manner in which the Company believes the participant has failed to perform his or her duties, and after the participant has failed to resume substantial performance of his
or her duties within thirty (30) days of such demand; or (C) Willful and deliberate conduct on the part of the participant that is materially injurious to the Company or an Affiliate; or (D) prior to a Change in Control, such other
events as will be determined by the Committee. The Committee will, unless otherwise provided in an Individual Agreement with the participant, determine whether “Cause” exists. Notwithstanding the foregoing, with respect to any Converted
Award held by any FMC Participant, “Cause” shall be defined in accordance with the Employee Matters Agreement. 

  
 1 

 (f)    “Change in Control” has the meaning set forth in
Section 13.04; provided that the occurrence of a Change in Control with respect to any Converted Award held by any FMC Participant shall be determined in accordance with the Employee Matters Agreement and, to the extent applicable, shall
comply with Section 409A of the Code. 
 (g)    “Code” means the Internal Revenue Code of 1986, as
amended from time to time, and any successor thereto. 
 (h)    “Committee” means the Compensation and
Organization Committee of the Board, or such other committee as the Board may designate to administer the Plan. Notwithstanding the foregoing, the Committee, in accordance with 8 Del. C. 1953, § 157(c), may delegate to one or more officers of
the Company the authority to grant Awards to Eligible Individuals who are not subject to the requirements of Section 16 of the Exchange Act and, in that case and with respect to the issuance of such Awards, any reference herein to “the
Committee” will also mean the officer or officers so appointed. 
 (i)    “Common Stock” means
(i) the common stock of the Company, par value $0.001 per share, subject to adjustment as provided in Section 4.02 or (ii) if there is a merger or consolidation and the Company is not the surviving corporation, the capital stock of
the surviving corporation given in exchange for such common stock of the Company. 
 (j)    “Company”
means Livent Corporation, a Delaware corporation. 
 (k)    “Company Nonqualified Savings and Investment
Plan” means any applicable nonqualified savings and investment plan adopted by the Company, as such plan may be amended from time to time. 

(l)    “Converted Awards” means awards originally granted under the FMC Incentive Compensation and Stock
Plan that are converted into awards with respect to shares of Common Stock pursuant to the Employee Matters Agreement. 

(m)    “Disability” means, unless otherwise provided by the Committee, (i) “Disability” as
defined in any Individual Agreement, or (ii) if there is no such Individual Agreement, or, if such agreement does not define “Disability,” then “Disability” shall be determined in accordance with the Company’s long-term
disability plan. Notwithstanding the foregoing, with respect to any Converted Award held by any FMC Participant, “Disability” shall be defined in accordance with the Employee Matters Agreement. 

(n)    “Effective Date” means the date on which the registration statement covering the initial public
offering of Common Stock is declared effective by the Securities and Exchange Commission, subject to prior approval by the Board and the Company’s shareholders. 

  
 2 

 (o)    “Eligible Individuals” means officers,
employees, directors and consultants of the Company or any of its Affiliates and, solely with respect to Converted Awards, FMC Participants. 

(p)    “Employee Matters Agreement” means the Employee Matters Agreement, by and between FMC and the
Company, dated as of                     , 2018, as such agreement may be amended from time to time. 

(q)    “Exchange Act” means the Securities Exchange Act of 1934, as amended from time to time, and any
successor thereto. 
 (r)    “Expiration Date” means the date on which an Award becomes unexercisable
and/or not payable by reason of lapse of time or otherwise as provided in Section 6.02. 
 (s)    “Fair
Market Value” means, except as otherwise provided by the Committee, as of any given date, the closing price for shares of Common Stock on the New York Stock Exchange for the specified date (as of 4:00 p.m. Eastern Standard Time or Eastern
Daylight Savings Time, whichever is then in effect), or, if the shares were not traded on the New York Stock Exchange on such date, then on the next preceding date on which the shares were traded, all as reported by such source as the Committee may
select. 
 (t)    “FMC” means FMC Corporation, a Delaware corporation. 

(u)    “FMC Participant” means a Parent Participant (as defined in the Employee Matters Agreement) who
receives a Converted Award in accordance with the Employee Matters Agreement. 
 (v)    “Good Reason”
means (i) “Good Reason” as defined in any Individual Agreement to which the participant is a party, or (ii) if there is no such Individual Agreement, or, if it does not define “Good Reason”, any one of the following without
the Participant’s consent: (A) a material, adverse change in title, authority or duties (including the assignment of duties materially inconsistent with the participant’s position); (B) a material reduction in the participant’s
base salary; or (C) a relocation of the participant’s principal worksite more than 50 miles. However, none of the foregoing events or conditions will constitute Good Reason unless the participant provides the Company with written objection
to the event or condition within 30 days following the initial occurrence thereof, the Company does not reverse or otherwise cure the event or condition within 30 days of receiving that written objection, and the participant resigns his or her
employment within 30 days following the expiration of that cure period. Notwithstanding the foregoing, with respect to any Converted Award held by any FMC Participant, “Good Reason” shall be defined in accordance with the Employee Matters
Agreement. 
 (w)    “Grant Date” means the date designated by the Committee as the date of grant of an
Award. 

  
 3 

 (x)    “Incentive Stock Option” means any Stock Option
designated as, and qualified as, an “incentive stock option” within the meaning of Section 422 of the Code. 

(y)    “Individual Agreement” means a severance, employment, consulting or similar agreement between a
participant and the Company or one of its Affiliates (or, in the case of an FMC Participant, between such FMC Participant and any member of the Parent Group (as defined in the Employee Matters Agreement)). 

(z)    “Management Incentive Award” means an Award granted under Article 7. 

(aa)    “Non-Employee Director” has the meaning defined in Rule 16b-3(b)(3)(i) promulgated under the Exchange Act, or any successor definition adopted by the Securities and Exchange Commission. 

(bb)    “Nonqualified Stock Option” means any Stock Option that is not an Incentive Stock Option. 

(cc)    “Notice” means the written evidence of an Award granted under the Plan in such form as the
Committee will from time to time determine. 
 (dd)    “Performance Goals” means the performance goals
established by the Committee in connection with the grant of Options, SARs, Management Incentive Awards, Restricted Stock or Restricted Stock Units as set forth in the Notice. 

(ee)    “Plan” means the Livent Corporation Incentive Compensation and Stock Plan, as set forth herein
and as hereafter amended from time to time. 
 (ff)    “Restricted Stock” means an Award granted under
Article 10. 
 (gg)    “Restricted Stock Units” means an Award granted under Article 11. 

(hh)    “Stock Appreciation Right” means an Award granted under Article 9. 

(ii)    “Stock Option” means an Award granted under Article 8. 

(jj)    “Substitute Award” means an Award granted in assumption of, or in substitution for, an
outstanding award previously granted by a company or other business acquired by the Company or with which the Company combines. 

(kk)    “Termination of Employment” means (i) with respect to participants other than FMC
Participants, the termination of such participant’s employment with, or performance of services for, the Company and any of its Affiliates and (ii) with respect to any FMC Participant, the termination of such FMC Participant’s
employment with, or performance of services for, FMC and any of its Affiliates (provided, however, that the transfer of an FMC Participant’s employment or service from the Parent Group to the Company or any of its Affiliates in
accordance with the Employee Matters Agreement shall not be deemed to be a cessation of employment or service that would constitute a Termination of Employment). Temporary absences from employment because of illness, vacation or leave of absence and
transfers among the Company and its Affiliates will not be considered Terminations of Employment. 

  
 4 

 (ll)    “Vesting Date” means the date on which an Award
becomes vested, and, if applicable, fully exercisable and/or payable by or to the participant as provided in Section 6.03. 

(mm)    “Willful” means any action or omission by the participant that was not in good faith and without
a reasonable belief that the action or omission was in the best interests of the Company or its Affiliates. Any act or omission based upon authority given pursuant to a duly adopted resolution of the Board, or, upon the instructions of the chief
executive officer or any other senior officer of the Company, or, based upon the advice of counsel for the Company will be conclusively presumed to be taken or omitted by the participant in good faith and in the best interests of the Company and/or
its Affiliates. Notwithstanding the foregoing, with respect to any Converted Award held by any FMC Participant, “Willful” shall be defined in accordance with the Employee Matters Agreement. 

Section 2.02.    Other Definitions.  In addition, certain other terms used herein have definitions
given to them in the first place in which they are used. 
 ARTICLE 3 

ADMINISTRATION 

Section 3.01.    Committee Administration.  The Committee is the administrator of the Plan. Among
other things, the Committee has the authority, subject to the terms of the Plan: 
 (a)    To select the Eligible
Individuals to whom Awards are granted; 
 (b)    To determine whether and to what extent Awards are granted; 

(c)    To determine the amount of each Award; 

(d)    To determine the terms and conditions of any Award, including, but not limited to, the option price, any vesting
condition, restriction or limitation regarding any Award and the shares of Common Stock relating thereto, based on such factors as the Committee will determine; 

(e)    To modify, amend or adjust the terms and conditions of any Award, at any time or from time to time; and 

(f)    To determine under what circumstances an Award may be settled in cash or Common Stock or a combination of cash and
Common Stock. 
 The Committee has the authority to adopt, alter and repeal administrative rules, guidelines and practices governing the Plan, to interpret
the terms and provisions of the Plan, any Award, any Notice and any other agreement relating to any Award and to take any action it deems appropriate for the administration of the Plan. 

  
 5 

 Section 3.02.    Committee Action.  The Committee
may act only by a majority of its members then in office unless it allocates or delegates its authority to a Committee member or other person to act on its behalf. Except to the extent prohibited by applicable law or applicable rules of a stock
exchange, the Committee may allocate all or any portion of its responsibilities and powers to any one or more of its members and may delegate all or any part of its responsibilities and powers to any other person or persons. Any such allocation or
delegation may be revoked by the Committee at any time. 
 Any determination made by the Committee or its delegate with respect to any Award
will be made in the sole discretion of the Committee or such delegate. All decisions of the Committee or its delegate are final, conclusive and binding on all parties. 

Section 3.03.    Board Authority.  Any authority granted to the Committee may also be exercised by
the full Board. To the extent that any permitted action taken by the Board conflicts with action taken by the Committee, the Board action will control. 

ARTICLE 4 
 SHARES

 Section 4.01.    Shares Available For Issuance. 

(a)    Except for Substitute Awards, the maximum number of shares of Common Stock that may be delivered to participants
and their beneficiaries pursuant to Awards under the Plan will be equal to the sum of (i)                     1 (the “Initial Share Pool”) and (ii) the number of shares of Common Stock underlying Converted Awards; provided that, beginning on January 1, 2019, and on
January 1 of each year thereafter until and including the year ending December 31, 2028, the total number of shares of Common Stock available for issuance under the Plan will be increased by an amount equal to the lesser of (A) 3% of the
Company’s issued and outstanding shares of Common Stock as of such date or (B) such other number of shares of Common Stock as determined by the Board in its discretion.  

(b)    All the shares of Common Stock authorized for issuance hereunder will be available for issuance pursuant to any
type of Award. Shares subject to an Award under the Plan may be authorized and unissued shares or may be treasury shares. 

(c)    No Award will be counted against the shares of Common Stock available for issuance under the Plan if the Award is
payable to the participant only in the form of cash. 
  

	1 	 This number to equal 3% of the issued and outstanding shares of Common Stock following the offering before the
exercise of the underwriters’ over-allotment option. 

  
 6 

 (d)    To the extent any Award (other than a Converted Award) is
forfeited or cancelled without consideration or any Stock Option or Stock Appreciation Right (including with respect to any Converted Awards granted in the form of Stock Options or Stock Appreciation Rights) terminates, expires or lapses without
being exercised, the shares of Common Stock subject to such Award will again become available for delivery in connection with new Awards under the Plan. 

Section 4.02.    Adjustments.  In the event of a stock dividend, stock split, merger, consolidation,
separation or other change in capitalization, spin-off, extraordinary dividend or distribution, reorganization (whether or not such reorganization comes within the definition of such term in Section 368
of the Code), reclassification, recapitalization, partial or complete liquidation of the Company or other similar event or transaction, the Committee shall make such equitable substitutions or adjustments in the number, kind, and price of shares, or
the identity of the issuer of shares, reserved for issuance under the Plan or subject to outstanding Awards granted under the Plan, and the maximum limitation upon any Awards to be granted to any participant, as the Committee determines to be
necessary or appropriate to fulfill the purposes for which the Plan was adopted and the Awards were granted; provided, however, that no such substitution or adjustment will be made if such substitution or adjustment would give rise to
any tax under Section 409A of the Code; and provided further, that the number of shares subject to any Award will always be a whole number. Any such adjusted price will be used to determine the amount payable in cash or shares, as
applicable, by the Company upon the exercise of any Award. 
 Section 4.03.    No Liberal Share
Recycling.  Upon exercise of a Stock Option (including with respect to any Converted Award granted in the form of a Stock Option), the full number of shares of Common Stock subject to that exercise shall count against the number of
shares of Common Stock remaining available for issuance under the Plan, even if the option price of that Stock Option is satisfied through net-settlement or by delivering shares of Common Stock to the Company
(either by actual delivery or attestation). Upon exercise of a Stock Appreciation Right (including with respect to any Converted Award granted in the form of a Stock Appreciation Right) that is settled in shares of Common Stock, the full number of
shares subject to that Stock Appreciation Right (rather than the net number of shares actually delivered upon exercise) shall count against the number of shares of Common Stock remaining available for issuance granted under the Plan. Shares of
Common Stock withheld from an Award to satisfy tax withholding requirements shall not again be made available for issuance under the Plan. Shares of Common Stock repurchased on the open market with the proceeds from the exercise of an Option shall
not again be made available for issuance under the Plan. 
 Section 4.04.    Award Limits. 

(a)    The maximum number of shares of Common Stock available for issuance with respect to Incentive Stock Options shall
be equal to the Initial Share Pool. 
 (b)    The maximum total grant date fair value of Awards (as measured by the
Company for financial accounting purposes) granted to any participant in his or her capacity as a Non-Employee Director in any single calendar year shall not exceed $250,000. This limitation will not apply to
Awards granted to a Non-Employee Director solely in his or her capacity as non-executive chairman of the Board or any Converted Awards. 

  
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 Section 4.05.    Shares Subject to Converted
Awards.  Notwithstanding anything to the contrary in the Plan, any shares of Common Stock subject to any Converted Award that is (i) forfeited or cancelled or otherwise terminates, expires or lapses without the delivery of shares
of Common Stock or the payment of any consideration or (ii) tendered or withheld from a Converted Award to satisfy tax withholding requirements or to pay any exercise price applicable to such Converted Award, in each case, will not again become
available for delivery in connection with new Awards under the Plan. 
 ARTICLE 5 

ELIGIBILITY 

Awards may be granted under the Plan to Eligible Individuals; provided that Converted Awards may be granted under the Plan solely in
accordance with the Employee Matters Agreement. Incentive Stock Options may be granted only to employees of the Company and its subsidiaries or parent corporation (within the meaning of Section 424(f) of the Code). Holders of options and other
types of awards granted by a company or other business that is acquired by the Company or with which the Company combines are eligible for grants of Substitute Awards under the Plan to the extent permitted under applicable regulations of any stock
exchange on which the Company is listed. 
 ARTICLE 6 

TERMS AND CONDITIONS OF AWARDS AND
CONVERTED AWARDS 
 Section 6.01.    General.  Awards will be in the
form and upon the terms and conditions as determined by the Committee, subject to the terms of the Plan. The Committee is authorized to grant Awards independent of, or in addition to other Awards granted under the Plan. The terms and conditions of
each Award may vary from other Awards. Awards will be evidenced by Notices, the terms and conditions of which will be consistent with the terms of the Plan and will apply only to such Award. 

Section 6.02.    Expiration Date.  Unless otherwise provided in the Notice, the Expiration Date of
an Award will be the earlier of the date that is ten (10) years after the Grant Date or the date of the participant’s Termination of Employment. 

Section 6.03.    Vesting.  Each Award vests and becomes fully payable, exercisable and/or released
of any restriction on the Vesting Date. The Vesting Date of each Award, as determined by the Committee, will be set forth in the Notice. 

Section 6.04.    Converted Awards.  Converted Awards shall be granted under the Plan in accordance
with the terms of the Employee Matters Agreement, and may be granted under the Plan in the form of any other Award, as determined in accordance with 

  
 8 

 
the Employee Matters Agreement. Notwithstanding anything in the Plan to the contrary, the terms and conditions of the Plan will apply to Converted Awards only to the extent that such terms and
conditions are not inconsistent with the terms of the Employee Matters Agreement and the terms of the applicable Converted Awards assumed by the Company in accordance with the Employee Matters Agreement. 

ARTICLE 7 

MANAGEMENT INCENTIVE AWARDS 

Section 7.01.    Management Incentive Awards.  The Committee is authorized to grant Management
Incentive Awards, subject to the terms of the Plan. Notices for Management Incentive Awards will indicate the Award Cycle, any applicable Performance Goals, the Vesting Date of the Award and the form of payment of the Award. Unless otherwise
provided in a Notice, in order to be eligible to receive payment in respect of a Management Incentive Award, a participant must be an employee of the Company during the entire Award Cycle applicable to the Management Incentive Award. 

Section 7.02.    Settlement.  Unless otherwise specified in the applicable Notice, payment in
respect of a Management Incentive Award will be made in cash, by the 15th day of the third month following the year in which such Award is earned. The foregoing notwithstanding, Management Incentive Awards payable in cash may be deferred in
accordance with the Company Nonqualified Savings and Investment Plan. 
 ARTICLE 8 

STOCK OPTIONS 

Section 8.01.    Stock Options.  The Committee is authorized to grant Stock Options, including both
Incentive Stock Options and Nonqualified Stock Options, subject to the terms of the Plan. Notices will indicate whether the Stock Option is intended to be an Incentive Stock Option or a Nonqualified Stock Option, the option price, the term and the
number of shares to which it pertains. To the extent that any Stock Option is not designated as an Incentive Stock Option, or, even if so designated does not qualify as an Incentive Stock Option on or subsequent to its Grant Date, it will constitute
a Nonqualified Stock Option. No Incentive Stock Option will be granted hereunder on or after the 10th anniversary of the date of stockholder approval of the Plan (or, if the stockholders approve an amendment that increases the number of shares
subject to the Plan, the 10th anniversary of the date of such approval); provided, however, that Incentive Stock Options granted prior to such 10th anniversary may extend beyond that date. 

Section 8.02.    Option Price.  The option price per share of Common Stock purchasable under a Stock
Option will be determined by the Committee and, except in the case of Converted Awards or Substitute Awards, will not be less than the Fair Market Value of the Common Stock subject to the Stock Option on the Grant Date. 

  
 9 

 Section 8.03.    Incentive Stock Options.  The
terms of the Plan addressing Incentive Stock Options and each Incentive Stock Option will be interpreted in a manner consistent with Section 422 of the Code and all valid regulations issued thereunder. 

Section 8.04.    Exercise.  Stock Options will be exercisable at such time or times and subject to
the terms and conditions set forth in the Notice. A participant can exercise a Stock Option, in whole or in part, at any time on or after the Vesting Date and before the Expiration Date by giving written notice of exercise to the Company specifying
the number of shares of Common Stock subject to the Stock Option to be purchased. Such notice will be accompanied by payment in full to the Company of the option price by certified or bank check or such other cash equivalent instrument as the
Company may accept. If approved by the Committee, payment in full or in part may also be made in the form of Common Stock (by delivery of such shares or by attestation) already owned by the optionee of the same class as the Common Stock subject to
the Stock Option, based on the Fair Market Value of the Common Stock on the date the Stock Option is exercised. 
 If approved by the
Committee, payment in full or in part may also be made by delivering a properly executed exercise notice to the Company, together with a copy of irrevocable instructions to a broker to deliver promptly to the Company the amount of sale or broker
loan proceeds necessary to pay the option price, and, if requested, by the amount of any federal, state, local or foreign withholding taxes. To facilitate the foregoing, the Company may enter into agreements for coordinated procedures with one or
more brokerage firms, but any loans by a broker in connection with an exercise shall be arranged between the broker and the employee, and not by the Company. 

In addition, if approved by the Committee, a Stock Option may be exercised by a “net cashless exercise” procedure whereby all or any
portion of the option price and/or any required tax withholding may be satisfied by a reduction in the number of shares issued upon exercise. In that case, the number of shares of Common Stock issued upon exercise will be equal to: (a) the
product of (i) the number of shares as to which the Stock Option is then being exercised on a net cashless basis, and (ii) the excess of (A) the Fair Market Value on the date of exercise, over (B) the option price and/or any
required tax withholding associated with the net cashless exercise (expressed on a per share basis), divided by (b) the Fair Market Value on the date of exercise. A number of shares of Common Stock equal to the difference between the number of
shares as to which the Stock Option is then being exercised and the number of shares actually issued upon such exercise will be deemed to have been retained by the Company in satisfaction of the option price and/or any required tax withholding. 

Section 8.05.    Automatic Exercise.  Immediately before the time at which any Option is scheduled
to expire in accordance with the terms and conditions of the Plan and the applicable option Notice document, such Option shall be deemed automatically exercised, if such Option satisfies the following conditions: 

(a)    Such Stock Option is covered by a then current registration statement or a Notification under Regulation A under
the 1933 Act; and 

  
 10 

 (b)    the last reported sale price of a Share on the principal exchange
on which Shares are listed on the date of determination, or if such date is not a trading day, the last preceding trading day, exceeds the option price per Share by such amount as may be determined by the Committee or its delegate from time to time.
Absent a contrary determination, such excess per Share shall be $0.01. 
 A Stock Option subject to this Section 8.05 shall be
exercised via cashless exercise (as described in the last paragraph of Section 8.04), such that following the date of exercise and subject to the other terms and conditions of the Plan, the Company shall deliver to the Optionee shares of Common
Stock having a value, at the time of exercise, equal to the excess (if any) of (A) the Fair Market Value of such shares over (B) the sum of (1) the aggregate option price for such shares, plus (2) the applicable tax withholding
for such exercise; provided that if such cashless exercise would not result in the issuance of a whole number of shares, the Company shall pay cash in lieu of any fractional share. 

Section 8.06.    Settlement.  As soon as practicable after the exercise of a Stock Option:
(a) if the shares purchased are represented by certificates, the Company will deliver to or on behalf of the optionee certificates of Common Stock for the number of shares purchased; or (b) if not represented by certificates, the shares
purchased shall be registered by means of book entry. No shares of Common Stock will be issued until full payment therefor has been made. An optionee will have all of the rights of a stockholder of the Company holding Common Stock, including, but
not limited to, the right to vote the shares and the right to receive dividends, when the optionee has given written notice of exercise, has paid in full for such shares and, if requested, has given the representation described in Article 17. The
Committee may give optionees dividend equivalent rights. 

Section 8.07.    Nontransferability.  No Stock Option will be transferable by the optionee other
than by will or by the laws of descent and distribution. All Stock Options will be exercisable, subject to the terms of the Plan, only by the optionee, the guardian or legal representative of the optionee, or any person to whom such Stock Option is
transferred pursuant to this paragraph, it being understood that the terms “holder” and “optionee” include such guardian, legal representative and other transferee. No Stock Option will be subject to execution, attachment or
other similar process. 
 Section 8.08.    Cashing Out.  On receipt of written notice of exercise,
the Committee may elect to cash out all or part of the portion of the shares of Common Stock for which a Stock Option is being exercised by paying the optionee an amount, in cash or Common Stock, equal to the excess of the Fair Market Value of the
Common Stock over the option price times the number of shares of Common Stock for which the Stock Option is being exercised on the effective date of such cash-out. 

ARTICLE 9 
 STOCK
APPRECIATION RIGHTS 
 Section 9.01.    Stock Appreciation
Rights.  The Committee is authorized to grant Stock Appreciation Rights, subject to the terms of the Plan. Notices of Stock Appreciation Rights will indicate the price, the term, the method of exercise and the form of payment. The
Committee may also grant dividend equivalent rights in association with any Stock Appreciation Right. Except in the case of Substitute Awards, a Stock Appreciation Right exercise price may never be less than the Fair Market Value of the underlying
Common Stock on the Grant Date of such Stock Appreciation Right. 

  
 11 

 Section 9.02.    Exercise.  A participant can
exercise Stock Appreciation Rights, in whole or in part, at any time after the Vesting Date and before the Expiration Date by giving written notice of exercise to the Company specifying the number of Stock Appreciation Rights to be exercised. 

Section 9.03.    Settlement.  As soon as practicable after the exercise of a Stock Appreciation
Right, an optionee will be entitled to receive an amount in cash, shares of Common Stock or a combination of cash and shares of Common Stock, as determined by the Committee, in value equal to the excess of the Fair Market Value on the date of
exercise of one share of Common Stock over the Stock Appreciation Right price per share multiplied by the number of shares in respect of which the Stock Appreciation Right is being exercised. 

Section 9.04.    Nontransferability.  No Stock Appreciation Right will be transferable by the
participant other than by will or by the laws of descent and distribution. All Stock Appreciation Rights will be exercisable, subject to the terms of the Plan, only by the participant, the guardian or legal representative of the participant, or any
person to whom such Stock Appreciation Right is transferred pursuant to this paragraph, it being understood that, for this purpose, the term “participant” includes such guardian, legal representative and other transferee. No Stock
Appreciation Right will be subject to execution, attachment or other similar process. 
 ARTICLE 10 

RESTRICTED STOCK 

Section 10.01.    Restricted Stock.  The Committee is authorized to grant Restricted Stock, subject
to the terms of the Plan. Notices for Restricted Stock may be in the form of a Notice and book-entry registration or issuance of one or more stock certificates. Any certificate issued in respect of shares of Restricted Stock will be registered in
the name of such participant and will bear an appropriate legend referring to the terms, conditions, and restrictions applicable to such Award, substantially in the following form: 

THE TRANSFERABILITY OF THIS CERTIFICATE AND THE SHARES OF STOCK REPRESENTED HEREBY ARE SUBJECT TO THE TERMS AND CONDITIONS, INCLUDING, BUT NOT
LIMITED TO, FORFEITURE OF THE LIVENT CORPORATION INCENTIVE COMPENSATION AND STOCK PLAN AND A RESTRICTED STOCK NOTICE. COPIES OF SUCH PLAN AND NOTICE ARE ON FILE AT THE OFFICES OF LIVENT CORPORATION. 

The Committee may require that the certificates evidencing such shares be held in custody by the Company until the restrictions thereon will
have lapsed and that, as a 

  
 12 

 
condition of any Award of Restricted Stock, the participant will have delivered a stock power, endorsed in blank, relating to the Common Stock covered by such Award. The Notice or certificates
will indicate any applicable Performance Goals. Unless otherwise provided in a Notice, in order to be eligible to vest in an Award of Restricted Stock, a participant must be an employee or Non-Employee
Director of the Company during the entire Award Cycle applicable to the Restricted Stock. 

Section 10.02.    Participant Rights.  Subject to the terms of the Plan and the Notice or
certificate of Restricted Stock, the participant will not be permitted to sell, assign, transfer, pledge or otherwise encumber shares of Restricted Stock until the Vesting Date. Notwithstanding the foregoing, if approved by the Committee, a
participant may pledge Restricted Stock as security for a loan to obtain funds to pay the option price for Stock Options. Except as provided in the Plan and the Notice or certificate of the Restricted Stock, the participant will have, with respect
to the shares of Restricted Stock, all of the rights of a stockholder of the Company holding Common Stock, including, but not limited to, the right to vote the shares and to receive dividends with respect to the shares; provided that, in the
discretion of the Committee, cash or property payable as a dividend on Restricted Stock may be subjected to the same vesting conditions as the Restricted Stock giving rise to the payment or may be converted into a number of additional shares of
Restricted Stock (again, having the same vesting conditions as the Restricted Stock giving rise to the payment) determined by dividing the amount of the cash or the fair market value of the property otherwise distributable (as determined by the
Committee) by the Fair Market Value on the dividend payment date. 

Section 10.03.    Settlement.  As soon as practicable after the Vesting Date for any share of
Restricted Stock; (a) if the share is represented by a legended certificate, that legended certificate will be exchanged for a new certificate that does not contain the legend described above in Section 10.01 and the new certificate will
be delivered to the participant, or (b) if the share is registered by means of book entry, the Company will direct its transfer agent to remove the stop-transfer order associated with the satisfied vesting condition(s). 

ARTICLE 11 

RESTRICTED STOCK UNITS 

Section 11.01.    Restricted Stock Units.  The Committee is authorized to grant Restricted Stock
Units, subject to the terms of the Plan. Each Restricted Stock Unit will represent the right to receive one share of Common Stock (or cash equal to the Fair Market Value thereof) on or after the date such Restricted Stock Unit becomes vested.
Notices of Restricted Stock Units will indicate the applicable vesting criteria (including, as applicable, the Vesting Date(s) and/or Performance Goals), the time and form of payment, whether the Award includes dividend equivalent rights and such
other terms and conditions as the Committee may specify. Unless otherwise provided in a Notice, in order to be eligible to vest in an Award of Restricted Stock Units, a participant must be an employee of the Company during the entire Award Cycle
applicable to the Restricted Stock Units. 

  
 13 

 Section 11.02.    Settlement.  Payment in respect
of a Restricted Stock Unit will be made the 15th day of the third month following the year in which such Restricted Stock Unit becomes vested, unless (a) otherwise specified in the applicable Notice or (b) such payment is deferred in
accordance with any applicable requirements of Section 409A of the Code (either under the terms of the Notice or by such other means as the Committee may permit). Unless otherwise specified in the applicable Notice, payment in respect of
Restricted Stock Units will be made in shares of Common Stock. 
 ARTICLE 12 

OTHER AWARDS 

The Committee is authorized to make, either alone or in conjunction with other Awards, Awards of cash or Common Stock and Awards that are
valued in whole or in part by reference to, or are otherwise based upon, Common Stock, including, without limitation, convertible debentures. 

ARTICLE 13 
 CHANGE
IN CONTROL 
 Section 13.01.    No Automatic Acceleration.  This
Plan does not require automatic acceleration of the vesting of Awards upon a Change in Control. Rather, unless otherwise provided in the applicable Notice, whether and to what extent the vesting of Awards will accelerate in connection with a Change
in Control will be determined in the discretion of the Committee. The Committee may also make additional substitutions, adjustments and/or settlements of outstanding Awards in connection with a Change in Control as it deems appropriate and
consistent with the Plan’s purposes, subject to any applicable requirements or limitations of Section 409A of the Code. 

Section 13.02.    Termination of Options and SARs.  Notwithstanding any other provision of the Plan
or any Notice, the Committee may, in its discretion, cause any vested Stock Option and/or Stock Appreciation Right not exercised prior to a Change in Control (including any such Award that has become vested on an accelerated basis in connection with
such Change in Control) to terminate upon such Change in Control. 
 Section 13.03.    Termination of Management
Incentive Awards.  Notwithstanding any other provision of the Plan, in the event of a Change in Control, the Committee in its discretion may cause the early termination of the Award Cycle for any outstanding Management Incentive Award.
In that event, (a) unless otherwise determined by the Committee, the Management Incentive Award will be earned with respect to an amount equal to the greater of (i) the target amount of the Award,
pro-rated to reflect the portion of the Award Cycle that has transpired prior to the Change in Control, or (ii) the amount that would otherwise have been earned under the terms of that Award based on
actual performance through the time immediately prior to the Change in Control (without adjustment or pro-ration of the applicable Performance Goals); and (b) the Management Incentive Award will be
settled in cash within 30 days following the Change in Control (except for Management Incentive Awards deferred under the Company Nonqualified Savings and Investment Plan, which awards will be settled at the time specified in accordance with the
Company Nonqualified Savings and Investment Plan). 

  
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 Section 13.04.    Definition of Change in
Control.  For purposes of the Plan, a “Change in Control” will mean the happening of any of the following events: 

(a)    An acquisition by any individual, entity or group (within the meaning of Section 13(d)(3) or 14(d)(2) of the
Exchange Act) (a “Person”) of beneficial ownership (within the meaning of Rule 13d-3 promulgated under the Exchange Act) of twenty percent (20%) or more of either (i) the then outstanding
shares of common stock of the Company (the “Outstanding Company Common Stock”) or (ii) the combined voting power of the then outstanding voting securities of the Company entitled to vote generally in the election of directors
(the “Outstanding Company Voting Securities”); excluding, however, the following: (A) any acquisition directly from the Company, other than an acquisition by virtue of the exercise of a conversion privilege unless the security
being so converted was itself acquired directly from the Company, (B) any acquisition by the Company, (C) any acquisition by any employee benefit plan (or related trust) sponsored or maintained by the Company or any entity controlled by
the Company, or (D) any acquisition pursuant to a transaction which complies with Subsections (i), (ii) and (iii) of Subsection (c) of this Section 13.04; 

(b)    A change in the composition of the Board such that the individuals who, as of the Effective Date, constitute the
Board (such Board will be hereinafter referred to as the “Incumbent Board”) cease for any reason to constitute at least a majority of the Board; provided, however, for purposes of this Section 13.04, that any
individual who becomes a member of the Board subsequent to the Effective Date, whose election, or nomination for election by the Company’s stockholders, was approved by a vote of at least a majority of those individuals who are members of the
Board and who were also members of the Incumbent Board (or deemed to be such pursuant to this proviso) will be considered as though such individual were a member of the Incumbent Board; but, provided further, that any such individual
whose initial assumption of office occurs as a result of either an actual or threatened election contest (as such terms are used in Rule 14a-11 of Regulation 14A promulgated under the Exchange Act) or other
actual or threatened solicitation of proxies or consents by or on behalf of a Person other than the Board will not be so considered as a member of the Incumbent Board; 

(c)    Consummation of a reorganization, merger or consolidation, sale or other disposition of all or substantially all of
the assets of the Company, or acquisition by the Company of the assets or stock of another entity (“Corporate Transaction”); excluding, however, such a Corporate Transaction pursuant to which (i) all or substantially all of the
individuals and entities who are the beneficial owners, respectively, of the Outstanding Company Common Stock and Outstanding Company Voting Securities immediately prior to such Corporate Transaction will beneficially own, directly or indirectly,
more than sixty percent (60%) of, respectively, the outstanding shares of common stock, and the combined voting power of the then outstanding voting securities entitled to vote generally in the election of directors, as the case may be, of the
corporation resulting from such Corporate Transaction (including, without limitation, a corporation which as a 

  
 15 

 
result of such transaction owns the Company or all or substantially all of the Company’s assets either directly or through one or more subsidiaries) in substantially the same proportions as
their ownership, immediately prior to such Corporate Transaction, of the Outstanding Company Common Stock and Outstanding Company Voting Securities, as the case may be, (ii) no Person (other than the Company, any employee benefit plan (or
related trust) of the Company or such corporation resulting from such Corporate Transaction) will beneficially own, directly or indirectly, twenty percent (20%) or more of, respectively, the outstanding shares of common stock of the corporation
resulting from such Corporate Transaction or the combined voting power of the outstanding voting securities of such corporation entitled to vote generally in the election of directors except to the extent that such ownership existed prior to the
Corporate Transaction, and (iii) individuals who were members of the Incumbent Board will constitute at least a majority of the members of the board of directors of the corporation resulting from such Corporate Transaction; or 

(d)    The approval by the stockholders of the Company of a complete liquidation or dissolution of the Company. 

(e)    For the avoidance of doubt, the Distribution (as defined in the Employee Matters Agreement) shall not be considered
a Change in Control. 
 ARTICLE 14 

CLAWBACK PROVISIONS 

Section 14.01.    Notwithstanding anything in the Plan to the contrary, the Committee may, in the event of serious
misconduct by a participant (including, without limitation, any misconduct prejudicial to or in conflict with the Company or its Affiliates (or, in the case of Converted Awards held by FMC Participants, the Parent Group), or any Termination of
Employment for Cause), or any activity of a participant in competition with the business of the Company or any Affiliate (or, in the case of Converted Awards held by FMC Participants, the Parent Group), (a) cancel any outstanding Award granted to
such participant, in whole or in part, whether or not vested or deferred, and/or (b) if such conduct or activity occurs within one year following the exercise or payment of an Award, require such participant to repay to the Company any gain
realized or payment received upon the exercise or payment of such Award (with such gain or payment valued as of the date of exercise or payment). Such cancellation or repayment obligation will be effective as of the date specified by the Committee.
Any repayment obligation may be satisfied in Common Stock or cash or a combination thereof (based upon the Fair Market Value of Common Stock on the day of payment), and the Committee may provide for an offset to any future payments owed by the
Company or any Affiliate to the participant if necessary to satisfy the repayment obligation. The determination of whether a participant has engaged in a serious breach of conduct or any activity in competition with the business of the Company or
any Affiliate will be made by the Committee in good faith. Notwithstanding the foregoing, this Article 14 will have no application following a Change in Control. 

  
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 Section 14.02.    Without limiting the generality of
Section 14.01, all Awards shall additionally be subject to the forfeiture, clawback, disgorgement and other provisions set forth in the Company’s Clawback Policy (or, in the case of Converted Awards held by FMC Participants, FMC’s
Clawback Policy), as the same shall be in effect from time to time. Sections 14.01 and 14.02 shall be applied so as to avoid duplication of recovery, i.e. the recovery of the same incentive compensation more than once under both Sections, from the
same Award recipient. 
 ARTICLE 15 

AMENDMENT AND TERMINATION 

The Committee may amend, alter, or discontinue the Plan or any Award, prospectively or retroactively, but no amendment, alteration or
discontinuation may impair the rights of a recipient of any Award without the recipient’s consent, except such an amendment made to comply with applicable law, stock exchange rules or accounting rules. 

No amendment will be made without the approval of the Company’s stockholders to the extent such approval is required by applicable law or
stock exchange rules, or to the extent such amendment increases the number of shares available for delivery under the Plan. 
 ARTICLE 16

 UNFUNDED STATUS OF PLAN 

It is presently intended that the Plan constitute an “unfunded” plan. The Committee may authorize the creation of trusts or other
arrangements to meet the obligations created under the Plan to deliver Common Stock or make payments; provided, however, that unless the Committee otherwise determines, the existence of such trusts or other arrangements is consistent
with the “unfunded” status of the Plan. 
 ARTICLE 17 

GENERAL PLAN PROVISIONS 

Section 17.01.    General Provisions.  The Plan will be administered in accordance with the
following provisions and any other rule, guideline and practice determined by the Committee: 
 (a)    Each person
purchasing or receiving shares pursuant to an Award may be required to represent to and agree with the Company in writing that he or she is acquiring the shares without a view to the distribution of the shares. 

(b)    The certificates for shares issued under an Award may include any legend which the Committee deems appropriate to
reflect any restrictions on transfer. 

  
 17 

 (c)    Notwithstanding any other provision of the Plan, any Award, any
Notice or any other agreements made pursuant thereto, the Company is not required to issue or deliver any shares of Common Stock prior to fulfillment of all of the following conditions: 

(i)    Listing or approval for listing upon notice of issuance, of such shares on the New York Stock
Exchange, or such other securities exchange as may at the time be the principal market for the Common Stock; 

(ii)    Any registration or other qualification of such shares of the Company under any state or federal
law or regulation, or the maintaining in effect of any such registration or other qualification which the Committee deems necessary or advisable; and 

(iii)    Obtaining any other consent, approval, or permit from any state or federal governmental agency
which the Committee deems necessary or advisable. 
 (d)    The Company will not issue fractions of shares. Whenever,
under the terms of the Plan, the aggregate number of shares required to be issued to a participant at a particular time includes a fractional share, one additional whole share will be issued to the participant in lieu of and in satisfaction for that
fractional share, unless otherwise provided by the terms of the Plan. 
 (e)    In the case of a grant of an Award to
any Eligible Individual of an Affiliate, the Company may, if the Committee so directs, issue or transfer the shares of Common Stock, if any, covered by the Award to the Affiliate, for such lawful consideration as the Committee may specify, upon the
condition or understanding that the Affiliate will transfer the shares of Common Stock to the Eligible Individual in accordance with the terms of the Award specified by the Committee pursuant to the provisions of the Plan. All shares of Common Stock
underlying Awards that are forfeited or canceled revert to the Company. 

Section 17.02.    Employment.  The Plan will not constitute a contract of employment, and adoption
of the Plan will not confer upon any employee any right to continued employment, nor will it interfere in any way with the right of the Company or an Affiliate to terminate at any time the employment of any employee or the membership of any director
on a board of directors or any consulting arrangement with any Eligible Individual. 
 Section 17.03.    Tax
Withholding Obligations.  No later than the date as of which the Company reasonably believes an amount first becomes includible in the gross income of the participant for federal income tax purposes with respect to any Award under the
Plan, the participant will pay to the Company, or make arrangements satisfactory to the Company regarding the payment of, any federal, state, local or foreign taxes of any kind required by law to be withheld with respect to such amount. Unless
otherwise determined by the Committee, shares of Common Stock may be withheld to satisfy the Company’s tax withholding obligation with respect to Awards settled in Company Stock, at the time such Awards become taxable, up to an amount equal to
the maximum statutory tax rates (including the employee’s portion of payroll or similar taxes) 

  
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prevailing in the jurisdiction(s) applicable to the relevant Participant (determined without regard to whether such maximum rate exceeds the actual taxes that may ultimately be payable by that
participant), to the extent such withholding would not result in liability classification of such Award (or any portion thereof) pursuant to FASB ASC Subtopic 718-10, and based on the Fair Market Value of such
shares at the time of withholding. The obligations of the Company under the Plan will be conditional on such payment or arrangements, and the Company and its Affiliates will, to the extent permitted by law, have the right to deduct any such taxes
from any payment otherwise due to the participant. The Committee may establish such procedures as it deems appropriate, including making irrevocable elections for the settlement of withholding obligations with Common Stock. Notwithstanding anything
to the contrary herein, satisfaction of tax withholding obligations in respect of Converted Awards held by FMC Participants shall be subject to the terms set forth in the Employee Matters Agreement. 

Section 17.04.    Beneficiaries.  The Committee will establish such procedures as it deems
appropriate for a participant to designate a beneficiary to whom any amounts payable in the event of the participant’s death are to be paid or by whom any rights of the participant, after the participant’s death, may be exercised. 

Section 17.05.    Governing Law.  The Plan and all Awards made and actions taken thereunder will be
governed by and construed in accordance with the laws of the State of Delaware, without reference to principles of conflict of laws. Notwithstanding anything herein to the contrary, in the event an Award is granted to an Eligible Individual who is
employed or providing services outside the United States and who is not compensated from a payroll maintained in the United States, the Committee may modify the provisions of the Plan and/or any such Award as they pertain to such individual to
comply with and account for the tax and accounting rules of the applicable foreign law so as to maintain the benefit intended to be provided to such participant under the Award. 

Section 17.06.    Nontransferability.  Awards under the Plan are not transferable except by will or
by laws of descent and distribution; provided, that this section shall not restrict the transferability of unrestricted cash or shares of Common Stock that were unrestricted when issued or that by their terms have become unrestricted. 

Section 17.07.    Severability.  Wherever possible, each provision of the Plan and of each Award and
of each Notice will be interpreted in such a manner as to be effective and valid under applicable law. If any provision of the Plan, any Award or any Notice is found to be prohibited by or invalid under applicable law, then (a) such provision
will be deemed amended to and to have contained from the outset such language as will be necessary to accomplish the objectives of the provision as originally written to the fullest extent permitted by law; and (b) all other provisions of the
Plan and any Award will remain in full force and effect. 
 Section 17.08.    No Strict
Construction.  No rule of strict construction will be applied against the Company, the Committee or any other person in the interpretation of the terms of the Plan, any Award, any Notice, any other agreement or any rule or procedure
established by the Committee. 

  
 19 

 Section 17.09.    Stockholder Rights.  Except as
otherwise provided herein, no participant will have dividend, voting or other stockholder rights by reason of a grant of an Award or a settlement of an Award in cash. 

Section 17.10.    Express Prohibition of Option Repricing.  Without the approval of the
Company’s stockholders, the Committee will not reduce the exercise price of a Stock Option or Stock Appreciation Right after the Grant Date or cancel an outstanding Stock Option or Stock Appreciate Right and grant a new Stock Option or Stock
Appreciation Right with a lower exercise price in substitution therefor (other than, in either case, in accordance with the adjustment provisions in Section 4.02). Similarly, without the approval of the Company’s stockholders, the
Committee will not agree to make a cash payment in exchange for a participant’s agreement to cancel a Stock Option or Stock Appreciation Right where the exercise price of the applicable Award is greater than the then current Fair Market Value.

 Section 17.11.    Section 409A of the Code.  With respect to Awards subject to
Section 409A of the Code, the Plan is intended to comply with the requirements of Section 409A of the Code, and the provisions of the Plan and any Notice shall be interpreted in a manner that satisfies the requirements of Section 409A
of the Code, and the Plan shall be operated accordingly. If any provision of the Plan or any term or condition of any Award would otherwise frustrate or conflict with this intent, the provision, term or condition shall be interpreted and deemed
amended so as to avoid this conflict. Notwithstanding anything in the Plan to the contrary, if the Board considers a participant to be a “specified employee” under Section 409A of the Code at the time of such participant’s
“separation from service” (as defined in Section 409A of the Code), and any amount hereunder is “deferred compensation” subject to Section 409A of the Code, any distribution of such amount that otherwise would be made
to such participant with respect to an Award as a result of such “separation from service” shall not be made until the date that is six months after such “separation from service,” except to the extent that earlier distribution
would not result in such participant’s incurring interest or additional tax under Section 409A of the Code. If an Award includes a “series of installment payments” (within the meaning of
Section 1.409A-2(b)(2)(iii) of the Treasury Regulations), the participant’s right to such series of installment payments shall be treated as a right to a series of separate payments and not as a
right to a single payment, and if an Award includes “dividend equivalents” (within the meaning of Section 1.409A-3(e) of the Treasury Regulations), the participant’s right to such dividend
equivalents shall be treated separately from the right to other amounts under the Award. Notwithstanding the foregoing, the tax treatment of the benefits provided under the Plan or any Notice is not warranted or guaranteed, and in no event shall the
Company be liable for all or any portion of any taxes, penalties, interest or other expenses that may be incurred by any participant on account of non-compliance with Section 409A of the Code. 

  
 20

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