Document:

Amended Restricted Stock Award

 Exhibit 10.2(r) 
 RESTRICTED STOCK AWARD UNDER 
 THE CYTEC INDUSTRIES INC. 
 1993 STOCK AWARD AND INCENTIVE PLAN 
 April 9, 2008 
 Ms. M. Regina Charles 
 102
St. Andrews Drive 

			
	Avondale, Pennsylvania 19311	  	* As amended on April 1, 2009.

 Shares of Restricted Stock: 3,000 
 Dear Ms. Charles: 
 As a key employee of Cytec Industries Inc. (the “Company”), you have been
granted by the Compensation and Management Development Committee (the “Committee”) of the Board of Directors an award of Restricted Stock equal to the number of shares of Common Stock as set forth above, par value of $.01 per share of
Cytec Industries Inc. (“Restricted Stock”). The shares will be issued from Treasury Stock. This award is subject to the terms and conditions hereof and of the Company’s 1993 Stock Award and Incentive Plan (the “Plan). 

 

	(1)	The Company will cause the shares of Restricted Stock to be issued and registered in your name in book entry form on the Company’s stock register. You agree that only the
Company is authorized to direct the transfer or disposition of Restricted Stock from this account and you hereby irrevocably constitute and appoint Cytec Industries Inc. as attorney to transfer the shares of Restricted Stock awarded to you under
this agreement with the full power of substitution in the premises. A certificate for any shares that vest will be forwarded to you at your address appearing on the Company’s stock register after vesting has occurred. 

 

	(2)	Subject to the terms of this Agreement and the Plan, the Restricted Stock will vest as follows: 

  

			
	 Date
	  	Shares Vesting
	 April 9, 2009
	  	1,500
	 April 9, 2010
	  	1,500

  

	(3)	You agree that any cash dividends paid on the Restricted Stock hereby awarded to you that have not vested in your name will be held by the Company on your behalf. If and when any
such shares of Restricted Stock vest in your name, the Company will pay you any dividends, without interest, that the Company is holding on your behalf with respect to shares. Any dividends held by the Company with respect to shares of Restricted
Stock that are forfeited, shall also be forfeited and shall revert to the Company. 

  

	(4)	Except as limited by this Agreement or the Plan, you shall have, as holder of non-forfeited shares of Restricted Stock, all of the rights of a common stockholder of the Company,
including the right to vote. Nevertheless, stock of the Company distributed in respect of such Restricted Stock in connection with a stock split, stock dividend, recapitalization or other similar transaction shall be deemed to be Restricted Stock
and shall be subject to vesting, restrictions and a risk of forfeiture to the same extent as the Restricted Stock with respect to which such stock is distributed. 

 Restricted Stock Award 
 April 9, 2008 
  

	(5)	If your employment with the Company or a subsidiary terminates on or prior to the date of vesting, all unvested shares of Restricted Stock shall be forfeited, except as provided in
paragraph (5) below, or except as the Committee shall otherwise determine. 

  

	(6)	As provided in the Plan, upon the occurrence of a “change in control” all unvested (and not previously forfeited) shares of Restricted Stock shall immediately vest. Upon
such occurrence, the vested shares of Restricted Stock shall be delivered to you promptly. 

  

	(7)	On or prior to the respective dates indicated below, you may elect, subject to the consent of the Committee, that all or part of any installment indicated below be forfeited as of
the date it normally would vest and that you be issued, in lieu thereof, a Deferred Stock Award for the equivalent number of shares: 

  

			
	 Date Installment
 Scheduled to Vest
	  	*Date by which Deferral
Request will Made
	 April 9, 2009
	  	May 9, 2008
	 April 9, 2010
	  	*April 8, 2009

 If you elect deferral, as indicated above, then effective as of the date on which the related award
of Restricted Stock otherwise would vest, the total award shall be forfeited, and you will be issued instead a Deferred Stock Award, as defined in Section 6(h) of the Plan, equal to the number of shares of Restricted Stock so forfeited. Such
Deferred Stock Award shall accrue Dividend Equivalents which will be deferred in the form of additional Deferred Stock based on the Closing Price of the company’s Common Stock on the New York Stock Exchange Consolidated Tape on the date on
which the related dividend is paid on the Company’s Common Stock. Deferred Stock resulting from deferral of Dividend Equivalents will likewise bear Dividend Equivalents. 
  

	(8)	You may satisfy your mandatory federal and state income tax withholding obligations with respect to any Restricted Stock that vests (subject to Committee acceptance, as set forth
below, and subject to compliance with Rule 16b-3 under the Securities Exchange Act of 1934 if you are an executive officer of the Company) by requesting the Company to withhold the number of shares having a fair market value as of the date of
vesting equal to the aggregate mandatory federal and state income tax withholding obligations with respect to all of your Restricted Stock under this award which vests on such date. 

 The fair market value of Restricted Stock will be determined on the same basis that the value of the Restricted Stock is determined for federal income tax
withholding purposes. Your request must be submitted in writing to the Committee, on forms approved by the Secretary to the Committee, no later than the December 1 of the year prior to the date of vesting. The Committee shall have sole
discretion to determine whether or not to accept your request, and failure by the Committee to accept your request on or prior to the date of vesting shall constitute a denial of your request. 
  

 2 

 Restricted Stock Award 
 April 9, 2008 
  

	(9)	The Restricted Stock may not be sold, assigned, transferred, pledged, hypothecated or otherwise disposed of; and neither the right to receive stock, nor any interest therein or
under the Plan, may be assigned; and any attempted assignment shall be void. 

  

	(10)	Nothing in this Award shall confer on you any right to continue in the employ of the Company or any of its subsidiaries or affiliates or interfere in any way with the right of the
Company or any subsidiary or affiliate to terminate your employment at any time. 

  

	(11)	The Company reserves the right to require that stock certificates issuable to you in connection with this Award be delivered to you only within the United States.

  

	(12)	You agree to pay the Company promptly, on demand, any withholding taxes due in respect of the Awards made hereunder. The Company may deduct such withholding taxes from any amounts
owing to you by the Company or by any of its subsidiaries or affiliates. 

  

	(13)	Once Restricted Stock vests as herein provided, it shall no longer be deemed to be Restricted Stock, and your rights thereto shall not be subject to the restrictions of this
Agreement or of the Plan. 

 In the event of any conflict between the terms of this Agreement and the provisions of the Plan,
the provisions of the Plan shall govern. 
 If you accept the terms and conditions set forth in this Agreement, please execute the enclosed
copy of this letter where indicated and return it as soon as possible. 
  

			
	Very truly yours,
	
	CYTEC INDUSTRIES INC.
		
	BY:	 	 /s/    Roy Smith

		 	Roy Smith
		 	Vice President, General Counsel and Secretary

  

	
	Enc.
	ACCEPTED:
	
	 /s/    Marilyn R. Charles

	Employee Name: Marilyn R. Charles

 Perf Cash Award E 
  

 3Description of 2009 Management Incentive Plan

 Exhibit 10.2 
 Description of 2009 Management Incentive Plan 
 On January 26, 2009, the Compensation
Committee of the Board of Directors of Ultratech, Inc. (the “Company”) established the Management Incentive Program (“MIP”) for the 2009 fiscal year for the Company’s executive officers and certain other employees. The
program is comprised of (i) a cash bonus opportunity under the Company’s Long Term Incentive Plan, as amended and restated on January 28, 2008, (the “LTIP”) tied to the Company’s attainment of pre-established
performance objectives for the 2009 fiscal year and (ii) restricted stock unit (“RSU”) awards covering shares of the Company’s Common Stock. A copy of the LTIP is attached as Exhibit 9.1 to Item 9.01 of the Current Report on
Form 8-K filed by the Company on February 1, 2008. 
 Restricted Stock Units 
 The authorized RSU awards will be made in a series of four successive equal quarterly grants under the Company’s 1993 Stock Option/Stock Issuance
Plan, as amended and restated on January 30, 2007. The quarterly grant dates will be February 2, 2009, April 20, 2009, July 27, 2009 and October 19, 2009. Accordingly, one-fourth of the total RSU award indicated
below for each executive officer was made on February 2, 2009, and an additional one-fourth of the total RSU award indicated below for each executive officer was made on April 20, 2009. The two remaining installments will be made on the
following dates: July 27, 2009 and October 19, 2009. 
  

			
	 Name
	  	 Total Number of Shares Subject to Restricted Stock Units
(#)

	 A. Zafiropoulo
	  	100,000
	 B. Wright
	  	40,000
	 S. Jewler
	  	24,000

 Each RSU represents the right to receive one share of the Company’s Common Stock on the designated issuance
date following vesting of that unit. The RSUs awarded to each individual will vest in three equal installments upon completion of each year of service with the Company over the three-year period measured from January 1, 2009. Accelerated
vesting of the units will occur in whole or in part upon a change in control or the individual’s cessation of employment under certain defined circumstance. Unless otherwise accelerated pursuant to the terms of the award agreement, the shares
of Common Stock underlying the vested units will be issued on January 31, 2012. 
 Cash Bonus 
 The cash bonus opportunity under the 2009 MIP is provided under the LTIP and will be based on the Company’s operating income and revenue levels for
the 2009 fiscal year. The target bonuses set under the 2009 MIP for the Company’s executive officers are as follows: ninety percent (90%) of 2009 base salary for Mr. Zafiropoulo, eighty-five percent (85%) of 2009 base salary for
Mr. Wright and eighty percent (80%) of 2009 base salary for Mr. Jewler, with fifty percent (50%) of each executive officer’s target bonus allocated to each performance goal. Four performance levels have been established for
each goal, and the actual level at which each goal is attained will determine the bonus amount payable to the executive officer with respect to that goal. Following the close of the 2009 fiscal year, the Compensation Committee will determine the
actual bonus amount for each participant. The potential bonus with respect to each goal, as a multiple or fraction of the fifty percent (50%) component of the target bonus allocated to that goal, is set forth below for each specified level of
goal attainment. If both performance goals are attained at the Tier III or target level, then each executive officer will be awarded his target bonus under the MIP. If the actual level of attainment for either goal is between any two designated
levels up to the target Tier III level, then the bonus potential for that goal will be in a dollar amount interpolated on a straight line basis between those two levels. If the Company’s operating income or revenue goal for the 2009 fiscal year
exceeds the target Tier III level, then the bonus potential for that goal would increase in accordance with the same slope that exists between the Tier II and Tier III levels. 

 OPERATING INCOME GOAL 
  

						
	 Level of Attainment
	  	Net Income
Level (Millions)	  	 Multiple of 50% Component of the Target Bonus

	 Minimum
	  	$	5.19	  	0.25x
	 Tier I
	  	$	7.42	  	0.50x
	 Tier II
	  	$	8.71	  	0.75x
	 Tier III
	  	$	10.45	  	  1.0x

 REVENUE GOAL 
  

						
	 Level of Attainment
	  	Revenue
Level (Millions)	  	 Multiple of 50% Component of the Target Bonus

	 Minimum
	  	$	80	  	0.25x
	 Tier I
	  	$	115	  	0.50x
	 Tier II
	  	$	132	  	0.75x
	 Tier III
	  	$	150	  	  1.0x

 One-third of the bonus amount (if any) earned by the executive officer for the 2009 fiscal year will be paid
following the close of the 2009 fiscal year. The remainder will be deferred and subject to an annual installment vesting schedule tied to the executive officer’s continued service with the Company over an additional two-year period. The
deferred portion will be paid as it vests and will earn interest at a designated rate until paid. The deferred portions will immediately vest and become payable in the event the executive officer’s employment terminates under certain defined
circumstances during the deferral period. Accelerated payouts will also occur in the event of certain changes in control or ownership of the Company. The 2009 MIP also provides for pro-ration of the non-deferred portion of the bonus in the event the
executive officer should terminate employment under certain defined circumstances during the 2009 fiscal-year performance period. 
 The foregoing
description is qualified in its entirety by reference to the LTIP.

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