Document:

EX-10.16

 Exhibit 10.16 

FORM OF EXECUTIVE SEVERANCE AGREEMENT 

This EXECUTIVE SEVERANCE AGREEMENT is made and entered into as of [●] (the “Effective Date”), by and between Livent
Corporation, a Delaware corporation (hereinafter referred to as the “Company”) and [●] (hereinafter referred to as the “Executive”) (this “Agreement”). 

WHEREAS, the Executive presently serves the Company in a position of authority and responsibility; and 

WHEREAS, the Executive and the Company desire to enter into this Agreement on the terms and conditions set forth herein. 

NOW THEREFORE, to assure the Company that it will have the continued dedication of the Executive and the availability of the Executive’s
service notwithstanding the possibility, threat, or occurrence of a Change in Control, and to induce the Executive to remain in the employ of the Company, and for other good and valuable consideration, the Company and the Executive agree as follows:

 ARTICLE 1 

ESTABLISHMENT, TERM, AND PURPOSE 

This Agreement is effective from the Effective Date and will continue in effect until [●]. On that date, and on each subsequent
anniversary thereof, the term of this Agreement will be extended automatically for one (1) additional year, unless the Committee delivers written notice six (6) months prior to such date to the Executive that this Agreement will not be
extended. If timely notice not to extend is given, this Agreement will terminate at the end of the term, or extended term, then in progress. 

However, in the event a Change in Control occurs during the original or any extended term, this Agreement will remain in effect for the longer
of: (i) twenty-four (24) months beyond the end of the month in which such Change in Control occurred; and (ii) until all obligations of the Company hereunder have been fulfilled, and until all benefits required hereunder have been
paid to the Executive. 
 ARTICLE 2 

DEFINITIONS 

Whenever used in this Agreement, the following terms will have the meanings set forth below and, when the meaning is intended, the initial
letter of the word is capitalized. 
 Section 2.01.    “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. 
  

 Section 2.02.    “Base Salary” means the salary of
record paid to the Executive as annual salary, excluding amounts received under incentive or other bonus plans, whether or not deferred. 

Section 2.03.    “Beneficiary” means the persons or entities designated or deemed designated by the
Executive pursuant to Section 10.02 herein. 
 Section 2.04.    “Board” means the Board of
Directors of the Company. 
 Section 2.05.    “Cause” means: 

(a)    the Executive’s Willful and continued failure to substantially perform the Executive’s employment duties
in any material respect (other than any such failure resulting from physical or mental incapacity or occurring after issuance by the Executive of a Notice of Termination for Good Reason), after a written demand for substantial performance is
delivered to the Executive that specifically identifies the manner in which the Company believes the Executive has failed to perform the Executive’s duties, and after the Executive has failed to resume substantial performance of the
Executive’s duties on a continuous basis within thirty (30) calendar days of receiving such demand; 

(b)    the Executive’s Willful and deliberate conduct (other than conduct covered under (a) above) which is
materially injurious to the Company or an Affiliate; or 
 (c)    the Executive’s having been convicted of, or
pleading guilty or nolo contendere to, a felony under federal or state law on or prior to a Change in Control. 

Section 2.06.    “Change in Control” means the happening of any of the following events: 

(a)    An acquisition by any 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 2.06; 
 (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 2.06, that any individual who becomes a member of the Board subsequent to the Effective Date, whose election, or 

  
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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 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. 
 For the avoidance of doubt, the Distribution (as defined in the Employee Matters Agreement) shall not
constitute a Change in Control. 
 Section 2.07.    “Code” means the Internal Revenue Code of
1986, as amended from time to time, and any successor thereto. 

  
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 Section 2.08.    “Committee” means the
Compensation and Organization Committee of the Board or any other committee of the Board appointed to perform the functions of the Compensation and Organization Committee. 

Section 2.09.    “Company” means Livent Corporation, a Delaware corporation, or any successor
thereto as provided in Article 9 herein. 
 Section 2.10.    “Date of Separation from Service”
means the date on which a Qualifying Termination occurs. 
 Section 2.11.    “Disability” means
complete and permanent inability by reason of illness or accident to perform the duties of the occupation at which the Executive was employed when such disability commenced. 

Section 2.12.    “Employee Matters Agreement” means the Employee Matters Agreement, by and between
FMC Corporation, a Delaware corporation, and the Company, dated as of                     , 2018, as such agreement may be amended from time to time.

 Section 2.13.    “Exchange Act” means the Securities Exchange Act of 1934, as amended from time
to time, and any successor thereto. 
 Section 2.14.    “Good Reason” means, without the
Executive’s express written consent, the occurrence of any one or more of the following: 
 (a)    The assignment
of the Executive to duties materially inconsistent with the Executive’s authorities, duties, responsibilities and status (including, without limitation, offices, titles and reporting requirements) as an employee of the Company (including,
without limitation, any material change in duties or status as a result of the stock of the Company ceasing to be publicly traded or of the Company becoming a subsidiary of another entity), or a reduction or alteration in the nature or status of the
Executive’s authorities, duties, or responsibilities from the greatest of those in effect (i) immediately preceding the Company’s entry into any definitive agreement to conduct the Change in Control, or (ii) immediately preceding
the Change in Control; 
 (b)    The Company’s requiring the Executive to be based at a location which is at least
fifty (50) miles further from the Executive’s then current primary residence than such residence is from the office where the Executive is located at the time of the Change in Control, except for required travel on the Company’s
business to an extent substantially consistent with the Executive’s business obligations; 
 (c)    A reduction by
the Company in the Executive’s Base Salary; 
 (d)    A material reduction in the Executive’s level of
participation in any of the Company’s short- and/or long-term incentive compensation plans, or employee benefit or retirement plans, policies, practices, or arrangements in which the Executive participates from the greatest of the levels in
place: (i) immediately preceding the Company’s entry into any definitive agreement to conduct the Change in Control, or (ii) immediately preceding the Change in Control; 

  
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 (e)    The failure of the Company to obtain a satisfactory agreement
from any successor to the Company to assume and agree to perform this Agreement, as contemplated in Article 9 herein. 
 provided that any such event
shall constitute Good Reason only if Executive notifies the Company in writing of such event within 90 days following the initial occurrence thereof, the Company fails to cure such event within 30 days after receipt from Executive of written notice
thereof, and the Executive resigns from the Executive’s employment within two years following the initial occurrence of such event. 

The existence of Good Reason will not be affected by the Executive’s temporary incapacity due to physical or mental illness not
constituting a Disability. 
 Section 2.15.    “Notice of Termination” means a written notice
which indicates the specific termination provision in this Agreement relied upon, and sets forth in reasonable detail the facts and circumstances claimed to provide a basis for termination of the Executive’s employment under the provision so
indicated. 
 Section 2.16.    “Person” has the meaning ascribed to such term in
Section 3(a)(9) of the Exchange Act and used in Sections 13(d) and 14(d) thereof, including a “group” as provided in Section 13(d). 

Section 2.17.    “Qualifying Termination” means any of the events described in Section 3.02
herein, the occurrence of which triggers the payment of Severance Benefits hereunder. 

Section 2.18.    “Separation from Service” means the Executive’s termination of employment with
the Company, its Affiliates and with each member of the controlled group (within the meaning of Sections 414(b) or (c) of the Code) of which the Company is a member. The Executive will not be treated as having a Separation from Service during
any period the Executive’s employment relationship continues, such as a result of a leave of absence, and whether a Separation from Service has occurred shall be determined by the Committee (on a basis consistent with rules under
Section 409A) after consideration of all the facts and circumstances, including whether either no further services are to be performed or there is a reasonably anticipated permanent and substantial decrease (e.g., 80% or more) in the level of
services to be performed (and the related amount of compensation to be received for such services) below the level of services previously performed (and compensation previously received). 

Section 2.19.    “Severance Benefits” means the payment of severance compensation as provided in
Section 3.03 herein. 
 Section 2.20.    “Willful” means any act or omission by the Executive
that was in good faith and with 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 

  
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given pursuant to a duly adopted Board resolution, or, upon the instructions of any 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 Executive in good faith and in the best interests of the Company and/or its Affiliates. 
 ARTICLE 3

 SEVERANCE BENEFITS 

Section 3.01.    Right to Severance Benefits.  The Executive will be entitled to receive the
Severance Benefits from the Company if a Qualifying Termination occurs on or after a Change in Control and before the end of the twenty-fourth (24th) calendar month following the end of the month in which the Change in Control occurs. 

The Executive will not be entitled to receive Severance Benefits if the Executive’s employment is terminated (i) for Cause,
(ii) due to a voluntary termination without Good Reason, or (iii) due to death or Disability. 

Section 3.02.    Qualifying Termination.  A Qualifying Termination shall occur if: 

(a)    The Executive incurs a Separation from Service because of an involuntary termination of the Executive’s
employment by the Company for reasons other than Cause, Disability or death; or 
 (b)    The Executive incurs a
Separation from Service because of a voluntary termination by the Executive for Good Reason pursuant to a Notice of Termination delivered to the Company by the Executive. 

Section 3.03.    Description of Severance Benefits.  In the event the Executive becomes entitled to
receive Severance Benefits, as provided in Sections 3.01 and 3.02 herein, the Company will pay to the Executive (or in the event of the Executive’s death, the Executive’s Beneficiary) and provide the Executive with the following at the
time or times provided in Section 4.01 herein: 
 (a)    An amount equal to [●]1 times the highest rate of the Executive’s annualized Base Salary in effect at any time up to and including the Date of Separation from Service. 

(b)    An amount equal to [●]2 times the Executive’s
highest annualized target Management Incentive Award granted under the Livent Corporation Incentive Compensation and Stock Plan for any plan year up to and including the plan year in which the Executive’s Date of Separation from Service occurs.

  

	1 	 Tier I Participants—3 times; Tier II Participants—2 times; Tier III Participants—1 times.

	2 	 Tier I Participants—3 times; Tier II Participants—2 times; Tier III Participants—1 times.

  
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 (c)    An amount equal to the Executive’s unpaid Base Salary, and
unused and accrued vacation pay, earned or accrued through the Date of Separation from Service. 
 (d)    Any Management
Incentive Award otherwise payable (but for Executive’s separation) for the plan year in which the Executive’s Date of Separation from Service occurred, prorated through the Date of Separation from Service. 

(e)    A continuation of the Company’s welfare benefits of life and accidental death and dismemberment, and
disability insurance coverage for [●]3 full years after the Date of Separation from Service. These benefits will be provided to the Executive (and to the Executive’s covered spouse and
dependents) at the same premium cost, and at the same coverage level, as in effect as of the date of the Change in Control. The continuation of these welfare benefits will be discontinued prior to the end of the [●]4 year period if the Executive has available substantially similar benefits at a comparable cost from a subsequent employer, as determined by the Committee. 

(f)    For a period of [●]5 full years following the Date of
Separation from Service, the Company shall provide medical insurance for the Executive (and the Executive’s covered spouse and dependents) at the same premium cost, and at the same coverage level, as in effect as of the date of the Change in
Control. The continuation of this medical insurance will be discontinued prior to the end of the [●]6 year period if the Executive has available substantially similar medical insurance at a
comparable cost from a subsequent employer, as determined by the Committee. The date that medical benefits provided in this paragraph cease to be provided under this paragraph will be the date of the Executive’s qualifying event for
continuation coverage purposes under Code Section 4980B(f)(3)(B). 
 Awards granted under the Livent Corporation Incentive Compensation
and Stock Plan, and other incentive arrangements adopted by the Company will be treated pursuant to the terms of the applicable plan. 
 The
aggregate benefits accrued by the Executive as of the Date of Separation from Service under any savings or retirement plans sponsored by the Company from time to time will be distributed pursuant to the terms of the applicable plan. 

In addition, for purposes of benefit calculation only under the Company’s nonqualified retirement plans with respect to benefits that
have not been paid prior to such Change in Control, it will be assumed that the Executive’s employment continued 
  

	3 	 Tier I Participants—3 years; Tier II Participants—2 years; Tier III Participants—1 year.

	4 	 Tier I Participants—3 year; Tier II Participants—2 year; Tier III Participants—1 year.

	5 	 Tier I Participants—3 years; Tier II Participants—2 years; Tier III Participants—1 year.

	6 	 Tier I Participants—3 year; Tier II Participants—2 year; Tier III Participants—1 year.

  
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following the Date of Separation from Service for [●]7 full years (i.e., [●]8
additional years of age and service credits will be added); provided, however, that for purposes of determining “final average pay” under such programs, the Executive’s actual pay history as of the Date of Separation
from Service will be used. 
 Section 3.04.    Termination for Disability.  If the
Executive’s employment is terminated due to Disability, the Executive will receive the Executive’s Base Salary through the Date of Separation from Service, and the Executive’s benefits will be determined in accordance with the
Company’s disability, retirement, survivor’s benefits, insurance and other applicable plans and programs then in effect. If the Executive’s employment is terminated due to Disability, the Executive will not be entitled to the
Severance Benefits described in Section 3.03. 
 Section 3.05.    Termination upon Death.  If
the Executive’s employment is terminated due to death, the Executive’s benefits will be determined in accordance with the Company’s retirement, survivor’s benefits, insurance and other applicable programs of the Company then in
effect. If the Executive’s employment is terminated due to death, neither the Executive’s estate nor the Executive’s Beneficiary will be entitled to the Severance Benefits described in Section 3.03. 

Section 3.06.    Termination for Cause, or Other Than for Good Reason.  Following a Change in
Control of the Company, if the Executive’s employment is terminated either: (a) by the Company for Cause; or (b) by the Executive (other than for Good Reason), the Company will pay the Executive an amount equal to the Executive’s
Base Salary and accrued vacation through the Date of Separation from Service, at the rate then in effect, plus all other amounts to which the Executive is entitled under any plans of the Company, at the time such payments are due and the Company
will have no further obligations to the Executive under this Agreement. 
 Section 3.07.    Notice of
Termination.  Any termination of employment by the Company or by the Executive for Good Reason will be communicated by a Notice of Termination. 

ARTICLE 4 
 FORM
AND TIMING OF SEVERANCE BENEFITS 

Section 4.01.    Form and Timing.  Subject to Section 4.02: 

(a)    the amounts payable under Sections 3.03(a), (b) and (c) will be paid in a lump sum on the 61st day following the Termination Date (or, if such 61st day is not a business day, the next business day immediately following such 61st day); 
  

	7 	 Tier I Participants—3 years; Tier II Participants—2 years; Tier III Participants—1 year.

	8 	 Tier I Participants—3 years; Tier II Participants—2 years; Tier III Participants—1 year.

  
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 (b)    the amount payable under Section 3.03(d) will be paid in a
lump sum at the same time that Management Incentive Awards are paid to employees generally for the year in which the Executive’s Separation from Service occurs, but in no event later than 2 1⁄2 months following the end of the year in which the Executive’s Separation from Service occurs; and 

(c)    the benefits due under Sections 3.03(e) and 3.03(f) will continue uninterrupted following the Executive’s
Separation from Service (but will be discontinued if the requirements of Section 4.02 are not timely satisfied). 

Section 4.02.    Release.  All rights, payments and benefits due to the Executive under
Section 3.03 (other than Section 3.03(c)) shall be conditioned on the Executive’s execution of a general release of claims against the Company and its affiliates in a form reasonably prescribed by the Company and on that release
becoming irrevocable within 60 days following the Termination Date. 
 ARTICLE 5 

TAXES AND TAX COMPLIANCE 

Section 5.01.    Withholding of Taxes.  The Company will be entitled to withhold from any amounts
payable under this Agreement all taxes as it may believe are reasonably required to be withheld (including, without limitation, any United States federal taxes and any other state, city, or local taxes). 

Section 5.02.    Section 409A Compliance.  This Agreement shall be interpreted to avoid any penalty
sanctions under Section 409A of the Code. If any payment or benefit cannot be provided or made at the time specified herein without incurring sanctions under Section 409A of the Code, then such benefit or payment shall be provided in full
at the earliest time thereafter when such sanctions will not be imposed. All payments to be made upon a termination of employment under this Agreement will be made upon a “separation from service” under Section 409A of the Code. For
purposes of Section 409A of the Code, each payment made under this Agreement shall be treated as a separate payment. In no event may the Executive, directly or indirectly, designate the calendar year of payment. Notwithstanding any other
provision of this Agreement to the contrary, any payment that constitutes the deferral of compensation (within the meaning of Treas. Reg. § 1.409A-1(b)) that is otherwise required to be made to the
Executive prior to the day after the date that is six months from the Date of Separation from Service shall be accumulated, deferred and paid in a lump sum to the Executive (with interest on the amount deferred from the Date of Separation from
Service until the day prior to the actual payment at the federal short-term rate on the Date of Separation from Service) on the day after the date that is six months from the Date of Separation from Service; provided, however, if
Executive dies prior to the expiration of such six month period, payment to the Executive’s Beneficiary shall be made as soon as practicable following the Executive’s death. Any reimbursements or
in-kind benefits that constitute a deferral of compensation (within the meaning of Treas. Reg. § 1.409A-1(b)) will be provided subject to the requirements of Treas. Reg. §§
1.409A-3(i)(1)(iv)(A)(3), (4) and (5). 

  
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 Section 5.03.    Parachute Payments. 

(a)    Notwithstanding anything to the contrary in this Agreement or otherwise, in the event that any payment or benefit
received or to be received by the Executive in connection with a Change in Control or the Executive’s Separation from Service (whether pursuant to the terms of this Agreement or any other plan, policy, arrangement or agreement maintained or
entered into by the Company (or any of its Affiliates or successors) or any Person whose actions result in a Change in Control (or any Person affiliated with such Person)) (all such payments and benefits, the “Parachute Payments”)
would be subject (in whole or in part) to an excise tax under Section 4999 of the Code (the “Excise Tax”), then the Parachute Payments shall either be (i) reduced (but not below zero) so that the present value of the
Parachute Payments is one dollar less than three times the Executive’s “base amount” (as defined in Section 280G(b)(3) of the Code) so that no portion of the Parachute Payments shall be subject to the Excise Tax or (ii) paid
in full, whichever produces the better net after-tax position to the Executive (taking into account the Excise Tax and any other applicable taxes). 

(b)     The reduction of the Parachute Payments contemplated in Section 5.03(a) above shall be implemented by
determining the Parachute Payment Ratio (as defined below), as determined in good faith by the Company (or its successor), for each Parachute Payment and then reducing the Parachute Payments in order beginning with the Parachute Payment with the
highest Parachute Payment Ratio. For Parachute Payments with the same Parachute Payment Ratio, such Parachute Payments shall be reduced based on the time of payment of such Parachute Payments, with amounts having later payment dates being reduced
first. For Parachute Payments with the same Parachute Payment Ratio and the same time of payment, such Parachute Payments shall be reduced on a pro rata basis (but not below zero) prior to reducing Parachute Payments with a lower Parachute Payment
Ratio. For purposes hereof, the term “Parachute Payment Ratio” shall mean a fraction, (i) the numerator of which is the value of the applicable Parachute Payment (as calculated for purposes of Section 280G of the Code),
and (ii) the denominator of which is the intrinsic (i.e., economic) value of such Parachute Payment. 
 ARTICLE 6 

THE COMPANY’S PAYMENT OBLIGATION 

The Company’s obligation to make the payments and the arrangements provided for herein will be absolute and unconditional, and will not
be affected by any circumstances, including, without limitation, any offset, counterclaim, recoupment, defense, or other right which the Company may have against the Executive or anyone else. All amounts payable by the Company hereunder will be paid
without notice or demand. Each and every payment made hereunder by the Company will be final, and the Company will not seek to recover all or any part of such payment from the Executive or from whomsoever may be entitled thereto, for any reasons
whatsoever. 
 The Executive will not be obligated to seek other employment in mitigation of the amounts payable or arrangements made under
any provision of this Agreement, and the obtaining of any such other employment will in no event effect any reduction of the 

  
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Company’s obligations to make the payments and arrangements required to be made under this Agreement, except to the extent provided in Sections 3.03(e) and (f) herein. Notwithstanding
anything in this Agreement to the contrary, if Severance Benefits are paid under this Agreement, no severance benefits under any program of the Company, other than benefits described in this Agreement, will be paid to the Executive. 

ARTICLE 7 
 FEES
AND EXPENSES 
 To the extent permitted by law, the Company will pay as incurred (within ten (10) days
following receipt of an invoice from the Executive) all legal fees, costs of litigation, prejudgment interest, and other expenses incurred in good faith by the Executive as a result of the Company’s refusal to provide the Severance Benefits to
which the Executive becomes entitled under this Agreement, or as a result of the Company’s contesting the validity, enforceability, or interpretation of this Agreement, or as a result of any conflict between the parties pertaining to this
Agreement; provided, however, that the Company will reimburse the Executive only for such expenses arising out of litigation commenced within three (3) years following the Executive’s Separation from Service. Notwithstanding
any other provision in this Article 7, the Company will reimburse the Executive only for expenses incurred prior to the end of the fifth (5th) year following the Executive’s Separation from
Service. 
 ARTICLE 8 

OUTPLACEMENT ASSISTANCE 

Following a Qualifying Termination (as described in Section 3.02 herein), the Executive will be reimbursed by the Company for the costs
of all reasonable outplacement services obtained by the Executive within the two (2) year period after the Date of Separation from Service; provided, however, that reimbursements must be made by the end of the third year following
the Date of Separation from Service and the total reimbursement for such outplacement services will be limited to an amount equal to fifteen percent (15%) of the Executive’s Base Salary as of the Date of Separation from Service. 

ARTICLE 9 

SUCCESSORS AND ASSIGNMENT 

Section 9.01.    Successors to the Company.   The Company will require any successor (whether direct
or indirect, by purchase, merger, consolidation, or otherwise) of all or substantially all of the business and/or assets of the Company or of any division or subsidiary thereof to expressly assume and agree to perform the Company’s obligations
under this Agreement in the same manner and to the same extent that the Company would be required to perform them if no such succession had taken place. 

Section 9.02.    Assignment by the Executive.   This Agreement will inure to the benefit of and be
enforceable by the Executive’s personal or legal representatives, 

  
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executors, administrators, successors, heirs, distributees, devisees, and legatees. If the Executive dies while any amount would still be payable to the Executive hereunder had the Executive
continued to live, all such amounts, unless otherwise provided herein, will be paid in accordance with the terms of this Agreement to the Executive’s Beneficiary. If the Executive has not named a Beneficiary, then such amounts will be paid to
the Executive’s devisee, legatee, or other designee, or if there is no such designee, to the Executive’s estate, and such designee, or the Executive’s estate will be treated as the Beneficiary hereunder. 

ARTICLE 10 

MISCELLANEOUS 

Section 10.01.    Employment Status.   Except as may be provided under any other agreement between
the Executive and the Company, the employment of the Executive by the Company is “at will,” and may be terminated by either the Executive or the Company at any time, subject to applicable law. 

Section 10.02.    Beneficiaries.   The Executive may designate one or more persons or entities as
the primary and/or contingent Beneficiaries of any Severance Benefits owing to the Executive under this Agreement. Such designation must be in the form of a signed writing acceptable to the Committee. The Executive may make or change such
designations at any time. 
 Section 10.03.    Severability.   In the event any provision of this
Agreement will be held illegal or invalid for any reason, the illegality or invalidity will not affect the remaining parts of the Agreement, and the Agreement will be construed and enforced as if the illegal or invalid provision had not been
included. Further, the captions of this Agreement are not part of the provisions hereof and will have no force and effect. 

Section 10.04.    Modification.   No provision of this Agreement may be modified, waived, or
discharged unless such modification, waiver, or discharge is agreed to in writing and signed by the Executive and by an authorized member of the Committee, or by the respective parties’ legal representatives and successors. 

Section 10.05.    Applicable Law.   To the extent not preempted by the laws of the United States,
the laws of the state of Delaware will be the controlling law in all matters relating to this Agreement. 

Section 10.06.    Indemnification.   To the full extent permitted by law, the Company will, both
during and after the period of the Executive’s employment, indemnify the Executive (including by advancing the Executive expenses) for any judgments, fines, amounts paid in settlement and reasonable expenses, including any attorneys’ fees,
incurred by the Executive in connection with the defense of any lawsuit or other claim to which the Executive is made a party by reason of being (or having been) an officer, director or employee of the Company or any of its subsidiaries. The
Executive will be covered by director and officer liability insurance to the maximum extent that that insurance covers any officer or director (or former officer or director) of the Company. 

[Signature Page Follows] 

  
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 IN WITNESS WHEREOF, the parties have executed this Agreement on this [●] day of
[●], 2018. 
  

							
	 LIVENT CORPORATION
	 		 	 EXECUTIVE

				
	 By:
	 		 		 	
		 	  
	 		 	  

		 	 Name:
	 		 	
		 	 Title:
	 		 	

  

  
 [Signature Page to
Executive Severance Agreement]EX-10.17

 Exhibit 10.17 

LIVENT CORPORATION 

FORM OF COMPENSATION POLICY FOR NON-EMPLOYEE DIRECTORS 

(Effective                 , 2018) 

PART I—GENERAL PROVISIONS 

1.    Purpose. The purpose of this Policy is to provide a compensation program to attract and retain qualified
individuals not employed by the Company or its Subsidiaries or Affiliates to serve on the Board and to further align the interests of those directors with those of stockholders by providing that a substantial portion of compensation will be linked
directly to increases in stockholder value. 
 2.    Definitions. Except as otherwise defined herein, terms used
herein in capitalized form will have the meanings attributed to them as set forth below or in the Stock Plan. 

(a)    “Annual Retainer” means the retainer fee established by the Board and paid to a director for
services on the Board for a year in accordance with Section 1 of Part II of this Policy. 
 (b)    “Audit
Committee Fee” means the fee established by the Board and paid to a director for service as a member of the Audit Committee of the Board (other than the chairman of the Audit Committee) in accordance with Section 4 of Part II of this
Policy. 
 (c)    “Board” means the Board of Directors of the Company. 

(d)    “Change in Control” has the meaning set forth in the Stock Plan; provided that in no event
will a Change in Control be deemed to have occurred with respect to the Participant if the Participant is part of a purchasing Person which consummates the Change in Control. The Participant will be deemed to be “part of a purchasing
group” for purposes of the preceding sentence if the Participant is an equity participant in the purchasing Person (except for: (i) passive ownership of less than 3% of the stock of the purchasing Person; or (ii) ownership of equity
participation in the purchasing Person which is otherwise not significant, as determined prior to the Change in Control by a majority of the non-employee continuing directors of the Board). In addition, solely
for purposes of Section 4(a) of Part III of this Policy, no event or transaction will constitute a Change in Control unless that event or transaction also constitutes a “change in ownership” of the Company, a “change in effective
control” of the Company or a “change in the ownership of a substantial portion of the assets” of the Company, as those terms are used in Section 409A(a)(2)(v) of the Code and defined in regulations issued thereunder. 

(e)    “Change in Control Price” means the higher of (i) if applicable, the price paid per share of
Common Stock pursuant to the Change in Control transaction and (ii) the closing price per share of Common Stock as reported in the New York Stock Exchange, on the last trading day preceding the date of the Change in Control. 

 (f)    “Committee Chairman Fee” means the fee
established by the Board and paid to a director for service as chairman of any committee of the Board in accordance with Section 3 of Part II of this Policy. 

(g)    “Company” means Livent Corporation, a Delaware corporation. 

(h)    “Lead Director Fee” means the retainer fee established by the Board and paid to a director for
service as the Lead Director of the Board in accordance with Section 2 of Part II of this Policy. 

(i)    “Non-Employee Director” means a member of the Board who is
not an employee of the Company or any of its Subsidiaries or Affiliates, as determined in the discretion of the Board. 

(j)    “Participant” means a Non-Employee Director who is
eligible to participate in this Policy. 
 (k)    “Policy” means the Livent Corporation Compensation
Policy for Non-Employee Directors, as may be amended from time to time. 

(l)    “Rule 16b-3” means Rule
16b-3 promulgated under the Exchange Act. 
 (m)    “Separation
Date” means the date on which the Participant’s Separation from Service occurs. 

(n)    “Separation from Service” means the termination of the Participant’s service on the Board for
any reason; provided, however, that solely for purposes of Section 4 of Part III, “Separation from Service” will mean a “Separation from Service” as that term is used in Section 409A(a)(2)(i) of the Code
and defined in regulations issued thereunder. 
 (o)    “Stock Plan” means the Livent Corporation
Incentive Compensation and Stock Plan, as may be amended from time to time. 
 3.    Effective Date. This Policy
is effective as of                , 2018. 
 PART
II—COMPENSATION 
 1.    Annual Retainer. 

(a)    Each Participant will be entitled to receive an Annual Retainer in such amount as will be determined from time to
time by the Board. Until changed by resolution of the Board, the Annual Retainer will be $75,000, which will be payable in cash in equal installments at the end of each calendar year quarter. 

  
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 (b)    Notwithstanding the foregoing, not less than 60 days prior to the
last day of any calendar year, a Participant may elect that any portion of the Annual Retainer payable in the following calendar year be paid in the form of Restricted Stock Units, as set forth in Section 1 of Part III, by providing written
notice of such election to the Company. Any such election will be effective on the first day of the next calendar year beginning after the date of such election. 

(c)    Notwithstanding anything to the contrary in Section 1(b), a Participant who is a newly elected or appointed to
the Board may elect, by written notice to the Company within 30 days after joining the Board, to receive that portion of the Annual Retainer that is payable with respect to the remainder of the first calendar year of his or her service in the form
of Restricted Stock Units (as set forth in Section 1 of Part III). 
 (d)    If and to the extent the Company, in
its sole discretion, determines that the approval by the Board of an election made under this Section 1 is necessary to assure that such election complies with the requirements of Rule 16b-3, the
effectiveness of such election will be deferred until such later date, if any, as such approval has been obtained. 

2.    Lead Director/Non-Executive Chairman Fee. The Participant who serves
as the Lead Director or non-executive Chairman of the Board will be entitled to receive a Lead Director Fee in such amount as will be determined from time to time by the Board. Until changed by resolution of
the Board, the Lead Director Fee will be $20,000, which will be paid in cash in equal installments at the end of each calendar year quarter. 

3.    Committee Chairman Fees. Each Participant who serves as chairman of a committee of the Board will be entitled
to receive a Committee Chairman Fee in such amount as will be determined from time to time by the Board, for the tenure of such service. Until changed by resolution of the Board, the Committee Chairman Fees for each committee of the Board will be
paid in cash at the annualized rates set forth in the table below in equal installments at the end of each calendar quarter. 
  

					
	 	 
	 Audit Committee
Chairman Fee
  
	  	 	$20,000	 
	 	 
	
Nominating & Corporate Governance Committee Chairman Fee

 
	  	 	$10,000	 
	 	 
	
Compensation & Organization Committee Chairman Fee

 
	  	 	$15,000	 

 4.    Audit Committee Fee. Each Participant who serves as a member of the Audit
Committee of the Board (other than the chairman of the Audit Committee) will be entitled to receive additional fees in respect of such service in such amount as will be determined from time to time by the Board. Until changed by resolution of the
Board, this additional Audit Committee fee will be paid in cash at an annualized rate of $5,000 in equal installments at the end of each calendar quarter. 

  
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 PART III—STOCK COMPENSATION 

1.    Retainer Grant. 

(a)    Effective as of May 1 of each calendar year, each Participant will receive a number of Restricted Stock Units
determined by dividing (i) the portion of the Participant’s Annual Retainer payable in that calendar year that the Participant elected to defer in accordance with Section 1(b) or 1(c) of Part II by (ii) the Fair Market
Value on the date of grant. Restricted Stock units granted under this Section 1 of Part III are hereinafter referred to as “Retainer Units.” Retainer Units will be granted pursuant to, and subject to the terms of, the Stock
Plan. 
 (b)    In the event of the Participant’s Separation from Service at any time prior to a Change in Control
for any reason other than due to his or her death or Disability, the Participant will forfeit a portion of his or her most recent grant of Retainer Units, determined by multiplying (i) the number of such Retainer Units (including any additional
Retainer Units credited under that grant pursuant to Section 1(c)) by (ii) a fraction, the numerator of which is (x) the number of days remaining as of his or her Separation Date until the first anniversary of the date of grant for
that award of Retainer Units and (y) the denominator of which is 365. 
 (c)    If a cash dividend or distribution
is paid with respect to outstanding shares of Common Stock, then effective as of the dividend or distribution payment date, each grant of Retainer Units then outstanding will be increased by a number of additional Retainer Units equal to the
quotient of (i) the total dividend or distribution that would then be payable with respect to a number of shares of Common Stock equal to the number of Retainer Units subject to that grant on the dividend or distribution record date (including
any additional Retainer Units previously credited pursuant to this Section 1(c)) divided by (ii) the Fair Market Value on the dividend or distribution record date. 

2.    Annual Equity Grant. 

(a)    Effective as of May 1 of each calendar year, each Participant will be granted a number of Restricted Stock
units determined by dividing $90,000 by the Fair Market Value on the date of grant. Restricted Stock Units granted under this Section 2 are hereinafter referred to as “Annual Units.” Annual Units will be granted pursuant to,
and subject to the terms of, the Stock Plan. 
 (b)    Annual Units will vest on the earlier of (i) the date of the
next annual meeting of the Company’s stockholders’ and (ii) a Change in Control; provided in each case that the Participant has remained in service on the Board through the applicable time. Notwithstanding the foregoing, in the
event of the Participant’s Separation from Service as a result of his or her death, a pro rata portion of his or her unvested Annual Units will vest and become payable, determined based on the portion of the vesting period that has elapsed as
of the Separation Date. Any portion of a Participant’s Annual Units that have not vested on or prior to his or her Separation from Service will then be forfeited and all rights of the Participant to or with respect to such Annual Units will
then automatically terminate. 
 (c)    If a cash dividend or distribution is paid with respect to outstanding shares of
Common Stock, then effective as of the dividend or distribution payment date, each 

  
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outstanding award of vested Annual Units will be increased by a number of additional vested Annual Units equal to the quotient of (i) the total dividend or distribution that would then be
payable with respect to a number of shares of Common Stock equal to the number of vested Annual Units held by the Participant on the dividend or distribution record date (including any additional vested Annual Units previously credited pursuant to
this Section 2(c)) divided by (ii) the Fair Market Value on the dividend or distribution record date. 

3.    Fractional Units. All Restricted Stock Units, as well as dividend equivalent rights credited with respect to
such Restricted Stock Units, will be credited in whole units, with any fractional unit being rounded up to the nearest whole number. 

4.    Form and Time of Payment. 

(a)    Payments with respect to vested Restricted Stock Units will be made upon the earlier of (i) the
Participant’s Separation Date, (ii) a Change in Control, or (iii) such other date elected by the Participant in a form and manner specified by the Company. 

(b)    Payments made upon the occurrence of a Separation Date or a specified date elected by the Participant will be made
in shares of Common Stock. 
 (c)    Payments made in connection with a Change in Control will be made in a single lump
sum cash payment. For purposes of the preceding sentence, the amount of cash delivered in payment for Restricted Stock Units will be equal to (i) the Change in Control Price multiplied by (ii) the number of Restricted Stock Units
with respect to which such cash payment is being made. 
 5.    Rights. Except to the extent otherwise set forth
herein, Participants will not have any of the rights of a stockholder with respect to Restricted Stock Units. 

6.    Payments of Stock Upon Death. In the event of the Participant’s death, payments with respect to any
vested Restricted Stock Units will be made in Common Stock to the beneficiary designated by the Participant or, in the absence of a duly executed and filed beneficiary designation form, to the person(s) legally entitled thereto, as designated under
his or her will or determined under the laws of intestacy for the jurisdiction of his or her domicile. 

7.    Nonqualified Stock Options. 

(a)    The Board retains the right to grant Nonqualified Stock Options to Participants in its sole discretion. All such
Stock Options will be subject to the terms set forth in this Section and, for the avoidance of doubt, will not be Incentive Stock Options. 

(b)    The per share exercise price to be paid by each Participant at the time a Nonqualified Stock Option is exercised
will be equal to 100% of the Fair Market Value on the date of the grant of the Nonqualified Stock Option. 

  
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 (c)    Subject to Section 7(d), each Nonqualified Stock Option will
expire on the earlier of the (i) 10th anniversary of the date of grant and (ii) 5th anniversary of the Participant’s Separation Date. 

(d)    Each Nonqualified Stock Option will vest on the earlier of (i) the date of the Company’s annual
stockholder’s meeting immediately following the date of grant and (ii) a Change in Control, provided in each case that the Participant has remained in service on the Board through the applicable time. Notwithstanding the foregoing,
in the event of the Participant’s Separation from Service as a result of his or her death, a pro rata portion of his or her unvested Nonqualified Stock Options will vest and become exercisable, determined based on the number full months of
service completed during the vesting period of the Nonqualified Stock Option from the date of grant to the Separation Date. Any vested Nonqualified Stock Option held by a Participant at the time of his or her death (determined after application of
the preceding sentence) may be exercised during the remainder of its term by the beneficiary designated by the Participant, or in the absence of a duly executed and filed beneficiary designation form, by the person(s) designated in the
Participant’s will or determined under the laws of intestacy for the jurisdiction of his or her domicile. Any portion of a Participant’s Nonqualified Stock Options that have not vested on or prior to his or her Separation from Service will
then be forfeited and all rights of the Participant to or with respect to such Nonqualified Stock Options will then automatically terminate. 

PART IV—ADDITIONAL PROVISIONS 

1.    Administration. The Board administers the Policy. The Board has full power to interpret the Policy, formulate
additional details and regulations for carrying out the Policy and amend or terminate the Policy as from time to time it deems proper and in the best interest of the Company. Any decision or interpretation of the Board is final and conclusive. 

2.    Statement of Account. Each Participant will receive an annual statement showing the number and status of and
essential terms applicable to Options and Restricted Stock Units that have been awarded to the Participant. 

3.    Unsegregated Funds. The Company will not segregate any funds or securities in respect of the
Participant’s interests under this Policy, and the Participant’s service on the Board is the Participant’s acknowledgment and agreement that any interests of the Participant remain a part of the Company’s general funds and are
subject to the claims of the Company’s general creditors. Nothing in this Policy will be construed as creating any trust, express or implied, for the benefit of any Participant. 

4.    Awards Issued Pursuant to the Policy. All equity-based awards described herein (including any Restricted
Stock Units or Options) will be granted under, and subject to the terms of, the Stock Plan (or any successor plan thereto) and the applicable Notice thereunder. 

  
 6 

 5.     Payment of Certain Costs of the Participant. If a dispute
arises regarding the interpretation or enforcement of this Policy and the Participant (or in the event of his or her death, his beneficiary) obtains a final judgment in his or her favor from a court of competent jurisdiction from which no appeal may
be taken, whether because the time to do so has expired or otherwise, or his or her claim is settled by the Company prior to the rendering of such a judgment, all reasonable legal and other professional fees and expenses incurred by the Participant
in contesting or disputing any such claim or in seeking to obtain or enforce any right or benefit provided for in this Policy or in otherwise pursuing his or her claim will be promptly paid by the Company with interest thereon at the highest
Delaware statutory rate for interest on judgments against private parties from the date of payment thereof by the Participant to the date of reimbursement by the Company. 

6.    Reservation of Rights. Nothing in this Policy will be construed to (a) give any Participant any right to
defer compensation received for services as a director of the Company other than as expressly authorized and permitted in this Policy or in any other plan or arrangement approved by the Board, (b) create any obligation on the part of the Board
to nominate any Participant for reelection by the Company’s stockholders or (c) limit in any way the right of the Board to remove a Participant as a director of the Board. 

7.    Amendment or Termination. The Board may, at any time by resolution, terminate or amend this Policy,
provided that no such termination or amendment will adversely affect the rights of Participants or beneficiaries of Participants with respect to cash or equity-based awards granted under this Policy prior to such termination or amendment,
without the consent of the Participant or, if applicable, the Participant’s beneficiaries. 

8.    Withholding. The Company will have the right to deduct or withhold from all payments of compensation any
taxes required by law to be withheld with respect to such payments. 
 9.    Change in Law. If, for any reason,
the anticipated benefits of the deferral of any Retainer Units pursuant to this Policy or any provision hereof are frustrated by reason of any interpretation of or change in law, policy or regulation, the Board may, in its discretion, terminate the
deferral arrangement or delete or suspend the operation of such provision. 
 10.    Directors Elected Between Annual
Stockholders’ Meetings. Notwithstanding anything to the contrary in this Policy, unless otherwise determined by the Board, the compensation hereunder of an individual who becomes a Participant as a result of his or her election to the Board
other than at an annual meeting of the Company’s stockholders will be prorated for the period of service commencing with his or her initial election and ending on the Company’s next annual stockholders’ meeting. 

11.    Section 409A. This Policy and any compensation granted hereunder is intended to comply with, or be exempt
from, the provisions of Section 409A of the Code. If any provision of the Policy would otherwise frustrate or conflict with this intent, the 

  
 7 

 
provision, term or condition shall be interpreted and deemed amended so as to avoid this conflict. Notwithstanding the foregoing, the tax treatment of the benefits provided under the Policy 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. 

  
 8

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