Document:

2011 Form Cash Unit Award Agreement

 Exhibit 10.37 
 CASH UNIT AWARD AGREEMENT 
 THIS CASH UNIT AWARD AGREEMENT (the
“Agreement”) is made between EVERCORE PARTNERS INC. (the “Company”) and                      (the
“Participant”). 
 WHEREAS, the Company has determined that the Participant will receive an annual bonus (the
“Bonus”); and 
 WHEREAS, the payment of a portion of the Bonus is subject to the Participant’s continued
employment with the Company; and 
 WHEREAS, the Participant has elected to have this portion of the bonus notionally invested
in one or more investment alternatives designated by the Participant; and 
 WHEREAS, this portion of the Bonus will be credited
to a bookkeeping account in the Participant’s name, notionally invested and, as adjusted to reflect the results of such investment, distributed to the Participant upon the completion of the requisite service period. 

NOW, THEREFORE, in consideration of the mutual covenants herein contained and other good and valuable consideration, receipt of which is
hereby acknowledged, the parties hereto do hereby agree as follows: 
 1. Creation of Bookkeeping Account. Effective
February 18, 2011 (the “Effective Date”), the Company will establish a bookkeeping account in the Participant’s name (the “Account”). The Company will credit to the Account an amount equal to
[$            ], which amount will thereafter be subject to adjustment in accordance with Section 2, below. 
 2. Investment of Account Balance. 
 (a) The balance of the Account, as
adjusted in accordance with the remainder of this Section 2 (the “Account Balance”), will be adjusted to track a hypothetical investment of equal amount, invested as of the Effective Date, in the investment funds the
Participant specified on the Investment Selection Form attached hereto as Exhibit A. Therefore, following the Effective Date and until the date on which all amounts in the Account have been paid to the Participant or forfeited, the Account
Balance will be adjusted to reflect income, gains, losses and dividends and distributions (which will be deemed reinvested in the distributing fund) attributable to the deemed investments and to reflect payments in respect of portions of the Account
Balance that have become vested in accordance with Section 3, below. 
 (b) The Investment Selection Form attached hereto
as Exhibit A sets forth the Participant’s initial allocation of his or her Account Balance among the investment funds made available for this purpose. The Participant acknowledges that, prior to the Effective Date, the Participant has
received and reviewed current prospectuses for those funds. 
 (c) Prior to complete vesting or forfeiture of the Account
Balance, the Participant will have two opportunities each year, in such manner and at such intervals as the Company will establish, to re-designate the investment fund(s) in which the Account Balance is

 
deemed invested. For this purpose, the Participant may choose from any of the investment alternatives that the Company makes available as of the date of redesignation. 

3. Vesting and Distribution of Account Balance. 
 (a) Unless otherwise provided herein, and subject to the continued employment of the Participant by the Company or any of its Affiliates through the relevant Vesting Event (as hereinafter defined), the
Participant will become vested in the Account Balance as follows (the occurrence of each such event described herein, a “Vesting Event”): 
 (i) 25% of the then-current Account Balance will become vested on the first anniversary of the Effective Date; and 
 (ii) 33% of the then-current Account Balance will become vested on the second anniversary of the Effective Date; and 

(iii) 50% of the then-current Account Balance will become vested on the third anniversary of the Effective Date; and

 (iv) 100% of the then-current Account Balance will become vested on the fourth anniversary of the Effective
Date; and 
 (v) any otherwise unvested portion of the then-current Account Balance will become 100% vested upon:
(A) the occurrence of a Change in Control, (B) the Participant’s death, or (C) the Participant’s Disability. 
 (b) Any portion of the Account Balance that becomes vested will be paid to the Participant in cash within two and one-half months following the applicable Vesting Event. To the extent permitted by the
Company, the Participant may elect the investment funds from which the vested portion of the Account Balance is distributed by providing the Company with appropriate notice, in the manner specified by the Company. All amounts distributable to the
Participant will be subject to withholding for applicable taxes. 
 (c) Notwithstanding any other provision set forth in this
Agreement, upon any cessation of the Participant’s employment with the Company or any of its Affiliates, any unvested portion of the then-current Account Balance (determined after application of Section 3(a)(v)(B) or (C), if applicable)
will immediately and automatically be forfeited, and the Participant will have no further rights in respect thereof. 
 (d) In
the event of the death of the Participant, the distribution of the Account Balance under this Section 3 will be made in accordance with the written beneficiary designation on file with the Company; provided, however, that, in the
absence of any such written beneficiary designation, the distribution of the Account Balance will be made to the Participant’s estate. A form of beneficiary designation is attached hereto as Exhibit B. 

4. Tax Consequences. The Participant acknowledges that the Company has not advised the Participant regarding the Participant’s
tax liability in connection with the creation of the Account or the deemed investment or distribution of the Account Balance. The Participant has 

  
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reviewed with the Participant’s own tax advisors the federal, state, local and non-U.S. tax consequences of the transactions contemplated by this Agreement. The Participant is relying solely
on such advisors and not on any statements or representations of the Company or any of its agents. 
 5. Nature of
Company’s Obligation. 
 (a) The Company’s sole obligation hereunder is to pay to the Participant an amount in cash
equal to the vested portion of the Account Balance in accordance with Section 3. This obligation is purely contractual and should not be construed as creating a trust or any fiduciary relationship. 

(b) It is the Company’s intention that this arrangement be unfunded for U.S. federal income tax purposes. Accordingly, the rights of
the Participant under this Agreement will be no greater than those of an unsecured general creditor of the Company. 
 (c) This
Agreement does not require the Company to segregate or maintain any asset or otherwise fund the obligation created hereunder, nor will anything herein be construed to give the Participant a right to any specific asset of the Company. 

(d) No right to receive payment under this Agreement will be transferable or assignable by the Participant, or subject to anticipation,
alienation, sale, pledge, encumbrance, attachment or garnishment by creditors of the Participant. 
 6. Representations and
Warranties. By executing this Agreement, the Participant hereby represents, warrants, covenants, acknowledges and/or agrees that: 
 (a) The investment funds are not sponsored, promoted, endorsed, sold or issued by the Company, and the financial performance of the investment funds should not be expected to track the performance of the
Company’s common stock; 
 (b) The Company makes no representation or warranty, express or implied, with respect to the
performance of the investment funds at any time, and the Participant should review the prospectuses and other offering memoranda provided by the relevant fund managers before deciding how to direct the deemed investment of his or her Account
Balance; and 
 (c) The Company has no obligation or liability in connection with the administration, marketing or trading of
the investment funds. 
 7. Electronic Delivery of Documents. The Participant hereby authorizes the Company to deliver
electronically any prospectuses or other documentation related to this Agreement. For this purpose, electronic delivery will include, without limitation, delivery by means of e-mail or e-mail notification that such documentation is available on the
Company’s Intranet site. Upon written request, the Company will provide to the Participant a paper copy of any document also delivered to the Participant electronically. The authorization described in this paragraph may be revoked by the
Participant at any time by written notice to the Company. 

  
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 8. No Right to Continued Employment. This Agreement will not be construed as giving
the Participant the right to be retained in the employ of, or in any consulting relationship with, the Company or any of its Affiliates. Further, the Company (or, as applicable, its Affiliates) may at any time dismiss the Participant, free from any
liability or any claim under this Agreement, except as otherwise expressly provided herein. 
 9. General. 

(a) Capitalized terms used but not defined herein will have the meanings defined in the Company’s 2006 Stock Incentive Plan.

 (b) If an amount becomes payable to the Participant hereunder and, at that time, an amount is currently payable by the
Participant to the Company or any of its Affiliates, the Company will offset the amount owed to the Participant hereunder by the amount of the Participant’s then current obligation to the Company and/or its Affiliates. 

(c) This Agreement represents the entire agreement between the parties regarding the matters herein discussed and merges and supersedes
all prior and contemporaneous discussions, agreements and understandings of every nature relating to those matters. This Agreement may only be modified or amended in a writing signed by both parties. 

(d) Neither this Agreement nor any rights or interest hereunder will be assignable by the Participant, his or her beneficiaries or legal
representatives, and any purported assignment will be null and void. 
 (e) Either party’s failure to enforce any provision
or provisions of this Agreement will not in any way be construed as a waiver of any such provision or provisions, nor prevent that party thereafter from enforcing each and every other provision of this Agreement. 

(f) This Agreement will be governed by, and enforced in accordance with, the laws of the State of New York, without regard to the
application of the principles of conflicts or choice of laws. 
 (g) This Agreement may be executed, including execution by
facsimile signature, in one or more counterparts, each of which will be deemed an original, and all of which together will be deemed to be one and the same instrument. 
 [Signatures on next page.] 

  
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 IN WITNESS WHEREOF, the Company has caused this Agreement to be executed by its duly
authorized representative on the date below indicated. 
  

			
	EVERCORE PARTNERS INC.
		
	 By:
	 	  

		 	Nicol Grosso
		 	Director-Human Resources
	 Date:
	 	  

[EVERCORE PARTNERS INC. SIGNATURE PAGE TO 
 CASH UNIT AWARD AGREEMENT] 

  
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 IN WITNESS WHEREOF, the Participant has executed this Agreement on the date below indicated.

  

			
	PARTICIPANT
		
	 By:
	 	  

		
	 Date:
	 	  

[PARTICIPANT SIGNATURE PAGE TO 
 CASH UNIT AWARD AGREEMENT] 

  
 -6-2011 Management Incentive Plan

 Exhibit 10.1 
 Chemtura Corporation 
 2011 Management Incentive Program 

1. Establishment and Purpose. Pursuant to its authority under the 2010 Chemtura Corporation Short-Term Incentive Plan (the
“STIP”), and consistent with the purpose of the STIP as stated therein, the Committee hereby establishes the 2011 Chemtura Corporation Management Incentive Program (the “2011 MIP”). Unless otherwise defined below,
all capitalized terms shall have the meaning given to such terms in or pursuant to the STIP. The 2011 MIP provides each Participant with an opportunity to earn a performance-based compensation Award for the calendar year 2011 (the “2011
Performance Period”), based on the attainment of pre-established performance goals, as set forth below (a “MIP Award”). 
 2. Threshold Performance. The Committee shall establish an objective threshold (a “Minimum Threshold”) for each measure of performance during the 2011 Performance Period (each, a
“Performance Factor”), below which no MIP Award or component of a MIP Award will be paid out with respect to that Performance Factor. Each such applicable Minimum Threshold is set forth in the Exhibits attached hereto. In order for
any portion of the bonus to be payable, the minimum threshold of Consolidated EBITDA performance must be achieved. In addition, and to the extent not inconsistent with the terms and conditions set forth herein, the Committee may in its discretion,
adjust the threshold (or other performance targets) to: (i) reflect a change in corporate capitalization, such as a stock split or stock dividend; (ii)reflect a corporate transaction, such as a merger, consolidation, separation, acquisition,
divestiture, reorganization or partial or complete liquidation; or (iii)reflect the occurrence of any extraordinary event, any change in applicable accounting rules or principles, any change in the Company’s method of accounting, any change in
applicable law, any change due to any merger, consolidation, acquisition, divestiture, reorganization, stock split, stock dividend, combination of shares or other changes in the Company’s corporate structure or shares; or (iv) reflect any
other change of a similar nature. To the extent applicable in determining any MIP Award, charges to earnings, including but not limited to fines and penalties related to past: (i) antitrust events; (ii) environmental events; and/or
(iii) corporate restructuring, including plant closures, sale of businesses and severance, will be excluded. 
 3.
Financials. To the extent applicable, the Committee, in determining any MIP Award, shall use the information set forth in the Company’s audited financial statements. 
 4. MIP Awards. At the time of initial selection / approval by the Committee for participation in the 2011 MIP, each Participant shall be assigned a percentage of his or her “base
pay” (as defined in the STIP) that will be used in calculating his or her MIP Award, if any. This percentage of base pay shall be referred to as the “Target Percentage”. The Committee shall further determine in which unit of
employees the Participant shall be included for purposes of the 2011 MIP. The amount of a Participant’s MIP Award will be determined by multiplying the Participant’s base pay by the applicable Target Percentage, applicable Performance
Factor and the applicable safety multiplier, subject to any Performance Adjustment described in the following paragraph. 
 In determining a
Participant’s MIP Award, the Committee reserves the absolute discretion to increase or decrease the amount produced under the last sentence of the preceding paragraph, based on the Committee’s assessment of any personal, function or other
performance the Committee determines should be taken into account (a “Performance Adjustment”); the CEO will recommend to the Committee any Performance Adjustment for each Participant who reports directly to the CEO. The CEO and the
applicable Business or Function leader will recommend to the Committee any Performance Adjustment for each other Participant. 

  
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 5. Changes to Target Percentage or Performance Factor. The Committee may at any time prior to the
final determination of MIP Awards: (i) change the Target Percentage of any Participant; (ii) assign a different Target Percentage to a Participant to reflect any change in the Participant’s responsibility level or position during the
course of the Performance Period; or (iii) change a Performance Factor to reflect a change in corporate capitalization, such as a stock split or stock dividend, or a corporate transaction, such as a merger, consolidation, separation,
acquisition, divestiture, reorganization or partial or complete liquidation, or to equitably reflect the occurrence of any extraordinary event, any change in applicable accounting rules or principles, any change in the Company’s method of
accounting, any change in applicable law, any change due to any merger, consolidation, acquisition, divestiture, reorganization, stock split, stock dividend, combination of shares or other changes in the Company’s corporate structure or shares,
or any other change of a similar nature. 
 6. Eligibility. The Committee shall designate Participants in the 2011 MIP in accordance with
the terms of the STIP and as set forth herein. Each Participant must be an Eligible Employee as of January 1, 2011, and be actively employed as of the date MIP Awards, if any, are paid. Exceptions may be granted as determined by the Committee
in its sole discretion. Any employee who becomes an Eligible Employee, as determined by the Committee, as a result of hire or promotion after January 1, 2011 may be eligible to receive a MIP Award, pro rated based on the number of whole months
that the employee is an Eligible Employee during calendar year 2011. Similarly, where an Eligible Employee, for whatever reason, moves to another role during calendar year 2011 for which different performance measures apply, his or her MIP Award, if
any, will be calculated by taking into account the performance measures for each role and the actual time that the Eligible Employee spent in each role during calendar year 2011. 
 7. Committee Authority. The Committee shall have the sole discretion to make all determinations under the 2011 MIP and the Committee’s determination shall be final, binding and conclusive on
all interested parties. 
 8. Other Conditions. Eligibility for or actual participation in the 2011 MIP shall not and in no way is
intended to create an agreement of employment for a definite term. Nothing herein shall or is intended to, (i) obligate the Company to offer, or offer any employee participation in, a Management Incentive Program or similar arrangement in the
future, and/or (ii) act as a modification of any employee’s existing terms and conditions of employment. Except as expressly set forth herein, the 2011 MIP shall be subject to and administered in accordance with the terms and conditions of
the STIP. 
 Definitions: 

Consolidated EBITDA 

“Consolidated EBITDA” means, for the calendar year of 2011, net income (or net loss) from continuing operations (1) plus, to the extent
included the calculation of net income for such period in accordance with GAAP, the sum of (a) interest Expense, (b) income tax expense, (c) reorganization expense, net, (d) other expense, (e) depreciation expense,
(f) amortization expense, (g) charges related to facility closures, severance and related costs, (h) impairment charges, (i) charges related to the accelerated recognition of asset retirement obligations, (j) antitrust
costs, (k) any losses from sales 

  
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of assets or a business other than in the ordinary course of business, (l) charges for the accelerated amortization of capitalized financing costs or debt discounts, (m) expenses
including professional fees associated with the issuance of indebtedness or the amendment, waiver or restructuring of the principal and terms of existing indebtedness including such charges related to accounts receivable facilities, (n) charges
associated with the curtailment or settlement of pension and post retirement medical plans, (o) expenses related to natural disasters such as hurricanes or earthquakes that disrupt operations and (p) any non-cash compensation expense
arising from the grant of stock based compensation to officers, directors and employees (2) minus (a) other income, (b) any gains from sales of assets or a business other than in the ordinary course of business, (c) income
associated with the accelerated amortization of premiums on debt and (d) gains associated with the curtailment or settlement of pension and post retirement medical plans.
 Should the Company divest a business(s) during the calendar year, the Consolidated EBITDA Target shall be reduced (or increased) by the amount of EBITDA that was to be contributed by (or reduced from) the
business(s) before the deduction of allocated functional and corporate expenses for such period as the EBITDA of the business(s) is no longer reflected in actual 2011 Consolidated EBITDA from continuing operations of the Company (“Adjusted
Target”). The Threshold and Maximum Consolidated EBITDA values and all other Consolidated EBITDA values identified in the Management Incentive Plan documentation shall be adjusted such that they are the same percentage of the Adjusted
Target as were the original values of the original Target. 
 Consolidated DSO (Days Sales Outstanding) 

“DSO” means, the ratio of Consolidated Accounts Receivable as of end of each quarter divided by trailing three months of net consolidated sales
multiplied by the number of days in the quarter. 
 Consolidated DCI (Days Cost in Inventory) 

“DCI” means, the ratio of Consolidated Inventory as of end of each quarter divided by trailing three months of consolidated cost of goods sold
multiplied by the number of days in the quarter. 
 Business Unit EBITDA 
 “Business EBITDA” means for the applicable business unit, for the calendar year of 2011, Operating Income of the business plus depreciation and amortization expense plus any non-cash
compensation expense arising from the grant of stock based compensation to officers and employees. Should the Company divest a sub-segment of the business during the calendar year, the Business Unit EBITDA Target shall be reduced (or increased)
by the amount of EBITDA of the sub-segment that was to be contributed by (or reduced from) the business before the deduction of allocated functional and corporate expenses for such period as the EBITDA of the business sub-segment is no longer
reflected in actual 2011 Business Unit EBITDA (“Adjusted Target”). The Threshold and Maximum Business Unit EBITDA values and all other Business Unit EBITDA values identified in the Management Incentive Plan documentation shall be
adjusted such that they are the same percentage of the Adjusted Target as were the original values of the original Target. 
 Business
Unit DSO (Days Sales Outstanding) 
 “DSO” means, the ratio of Accounts Receivable of the business unit as of end of each
quarter divided by trailing three months of net sales of the business multiplied by the number of days in the quarter. 
 Business Unit
DCI (Days Cost in Inventory) 
 “DCI” means, the ratio of Inventory of the business unit as of end of each quarter divided by
trailing three months of cost of goods of the business sold multiplied by the number of days in the quarter.

  
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 EXECUTIVE PARTICIPANTS 
 1. For each Executive Participant, as determined by the Committee, his or her 2011 MIP Award if any shall be calculated based on the following Performance Factors, in the following proportions (each as
identified in Exhibit A): 
  

					
	 Metric
	  	Weighting	 
	 Consolidated EBITDA
	  	 	70	% 
	 Consolidated Days Sales Outstanding
	  	 	15	% 
	 Consolidated Days Cost in Inventory
	  	 	15	% 

 2. In order for any
portion of the bonus to be payable, the minimum threshold of Consolidated EBITDA performance must be achieved. Set forth in Exhibit A is a schedule identifying the Minimum Threshold for each Performance Factor identified above, as well as a scale of
payout eligibility based on performance relative to target, subject in all cases to the other terms and conditions set forth in the 2011 MIP, including the STIP and Exhibit A. 
 3. Each level of performance on the scale is expressed as a percentage of actual performance relative to target performance. 
 4. Each level of performance also is assigned a corresponding percentage (between 0% and 200%) that is eligible for payout with respect to that Performance Factor. 

5. For example, where actual performance is equal to target performance, then 100% of that Performance Factor is eligible for payout,
subject to the other terms and conditions set forth in the 2011 MIP, including the STIP and Exhibit A. 
 6. In no event will any
Participant be eligible for a payout of more than 200% of target for any Performance Factor. 
 7. The steps in the scale
between minimum, target and maximum also are shown in Exhibit A. If performance and/or pay out percentage are not equal to the numbers shown in Exhibit A, actual pay out percent will be interpolated. 

8. Consolidated DSO and DCI performance will be measured quarterly and paid out at the end of the year if Consolidated EBITDA threshold
performance is achieved. 
 9. A Safety Multiplier of .9 to 1.1 shall be applied to the final MIP payout. The multiplier will be
based on achievement of specified safety program results and measured by Total Recordable Case Rate results as defined in Exhibit A. 

  
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