Document:

exv10w70

Exhibit 10.70

AMENDMENT NO. 2

TO

TENNECO INC. VALUE ADDED (“TAVA”)

INCENTIVE COMPENSATION PLAN

          WHEREAS, Tenneco Inc. (the “Company”) has established the Tenneco Inc. Value Added Incentive
Compensation Plan (as heretofore amended and restated and further amended, the “Plan”); and

          WHEREAS, the Compensation/Nominating/Governance Committee of the Company’s Board of Directors
has determined that it is advisable to amend the Plan on the terms set forth herein.

          NOW, THEREFORE, by virtue and in exercise of the power reserved to the Company and to the
Compensation/Nominating/Governance Committee of the Company’s Board of Directors by Section 8 of
the Plan and pursuant to the authority delegated to the undersigned officer of the Company, the
Plan be and is amended, effective January 15, 2010, as follows:

          1. A new paragraph (c) of Section 5 of the Plan is added immediately following paragraph (b)
of Section 5 of the Plan, such new paragraph (c) to read in its entirety as follows:

“(c) Annual Cap. Notwithstanding anything to the contrary contained herein, but except as
may otherwise by provided by the Committee, in no event shall the sum of any Participant’s
TAVA Bonus and Discretionary Bonus in respect of any Plan Year exceed two times (2x) such
Participant’s total Target Bonus for such Plan Year.”

     IN WITNESS WHEREOF, the Company has caused this amendment to be executed by its duly
authorized officer as of this 15th day of January, 2010.

	 	 	 	 	 
	 	TENNECO INC.

 	 
	 	By:  	 	 
	 	Name:  	 	 
	 	Title:exv10w71

Exhibit 10.71

FIRST AMENDMENT TO

TENNECO INC. INCENTIVE DEFERRAL PLAN

     WHEREAS, Tenneco Inc. maintains the Tenneco Inc. Incentive Deferral Plan (the “Plan”);

     WHEREAS, the Plan was most recently amended and restated effective as of January 1, 2008; and

     WHEREAS, it is now desirable to further amend the Plan to make certain clarifying changes;

     NOW, THEREFORE, the Plan is hereby amended, effective as of December 1, 2009, in the following
particulars:

     1. By substituting the following for the first sentence of Section 4 of the Plan:

“A Participant may elect in writing to defer receipt of all or a specified portion of his or her
bonuses or incentive compensation to be received with respect to a calendar year (‘Deferral
Election’), provided that the bonuses or incentive compensation, as applicable, are contingent on
the satisfaction of pre-established organizational or individual performance criteria relating to a
performance period of at least 12 consecutive months.”

     2. By substituting the following for the first sentence of the second paragraph of Section 4
of the Plan:

“A Deferral Election must be made prior to June 30 of the calendar year in which the bonuses or
incentive compensation will be awarded (but only to the extent the bonuses or incentive
compensation qualify as performance-based compensation under Code Section 409A).

     3. By substituting the following for the second paragraph of Section 5 of the Plan:

“An Outside Director may elect in writing (‘Director Deferral Election’) to defer receipt of all or
a specified portion of the remaining forty (40) percent of his or her annual retainer fee or any
other applicable fees (‘Discretionary Deferred Fee’) received with respect to a calendar year,
subject to the terms of this Plan. A Director Deferral Election must be made prior to December 31
of the calendar year preceding the calendar year to which the Director Deferral Election will apply
(or such earlier date specified by the Committee) and shall be irrevocable as of such December 31.
An Outside Director must make a separate Director Deferral Election with respect to each calendar
year of participation in the Plan. A newly appointed or elected Outside Director shall have 30
days following his or her initial appointment or election as a director to make a Director Deferral
Election with respect to his or her Discretionary Deferred Fee for services to be performed after
the election and during the remainder of the calendar year of his or her initial appointment or
election and any Director Deferral Election filed in accordance with this sentence shall be
irrevocable when filed with the Company.”

 

 

     4. By substituting the following for Section 8(d) of the Plan:

     “(d) A Participant may elect (a ‘Distribution Change Election’) to delay the specified date
in-service distribution of all or a portion of any Deferred Amount credited to such Participant’s
Deferred Compensation Account for a given calendar year to a subsequent time, provided that the
Distribution Change Election is filed with the Company at least 12 months before the date the
in-service payment is otherwise scheduled to be paid. A Distribution Change Election that is filed
in accordance with the preceding sentence shall not be effective until at least 12 months after it
is filed with the Company and shall defer payment of such Deferred Amount for at least five years
from the date payment would otherwise have been made (but no later than the Participant’s
termination of employment, except as otherwise provided in subsection (c) above). A Participant’s
Distribution Change Election shall be irrevocable when filed with the
Company. A Participant may
not make more than one Distribution Change Election with respect to any Deferred Amount credited to
such Participant’s Deferred Compensation Account for a given calendar year.”

     IN WITNESS WHEREOF, the Company has caused the Plan to be amended as set forth herein by its
authorized officer.

	 	 	 	 	 
	 	TENNECO INC.

 	 
	 	By:  	 	 
	 	 	 	 
	 
	 	Its:exv10w72

Exhibit 10.72

TENNECO INC. THREE YEAR

LONG TERM PERFORMANCE UNIT AWARD AGREEMENT

(2007-2009 Performance Period)

December [__], 2009

Dear Participant:

          Pursuant to the provisions of the Tenneco Inc. (the “Company”) 2006 Long-Term Incentive Plan,
you were granted an Award (the “Award”) of Long Term Performance Units on [                    ], [___] pursuant
to a Long Term Performance Unit Award Agreement (the “Original Award Agreement”). The Award covers
the three calendar years 2007, 2008 and 2009 (the “Performance Period”). Capitalized terms not
otherwise defined in this letter shall have the meanings assigned to them in the Original Award
Agreement.

          Pursuant to paragraph 3 of the Original Award Agreement, the Committee may amend the Award at
any time in its sole discretion to exercise downward discretion in the amount payable under the
Award if the Committee determines that the payout yielded or that would be yielded by this Award
for the Performance Period does not accurately reflect the Company’s performance for the
Performance Period. The purpose of this letter is to so amend the
Award.

          This letter amends the Award so that, for purposes of calculating the amount (if any) payable
to you in respect of the Award, the term “Three Year Annualized TSR” shall mean the lesser of (i)
the Three Year Annualized TSR calculated pursuant to the definition thereof in the Original Award
Agreement and (ii) the Three Year Annualized TSR calculated as follows:

“Three Year Annualized TSR” means the amount (expressed as a percentage) equal to the
Company’s compound annualized total shareholder return over the Performance Period;
provided, that, the calculation shall be made using an ending price for the Company’s common
stock equal to the closing sales price of a share of the Company’s common stock on the New
York Stock Exchange (“NYSE”) on the last business day of the Performance Period and using a
starting price for the Company’s common stock equal to the closing sales price of a share of
the Company’s common stock on the NYSE on the first business day of the Performance Period.

          Except as expressly set forth herein, all terms of the Original Award Agreement remain in full
force and effect and are not modified by this letter.

TENNECO INC.exv10w73

Exhibit 10.73

TENNECO INC. THREE YEAR

LONG TERM PERFORMANCE UNIT AWARD AGREEMENT

(2008-2010 Performance Period)

December [__], 2009

Dear Participant:

          Pursuant to the provisions of the Tenneco Inc. (the “Company”) 2006 Long-Term Incentive Plan,
you were granted an Award (the “Award”) of Long Term Performance Units on [                    ], [___] pursuant
to a Long Term Performance Unit Award Agreement (the “Original Award Agreement”). The Award covers
the three calendar years 2008, 2009 and 2010 (the “Performance Period”). Capitalized terms not
otherwise defined in this letter shall have the meanings assigned to them in the Original Award
Agreement.

          Pursuant to paragraph 3 of the Original Award Agreement, the Committee may amend the Award at
any time in its sole discretion to exercise downward discretion in the amount payable under the
Award if the Committee determines that the payout yielded or that would be yielded by this Award
for the Performance Period does not accurately reflect the Company’s performance for the
Performance Period. The purpose of this letter is to so amend the
Award.

          This letter amends the Award so that, for purposes of calculating the amount (if any) payable
to you in respect of the Award, the term “Three Year Annualized TSR” shall mean the lesser of (i)
the Three Year Annualized TSR calculated pursuant to the definition thereof in the Original Award
Agreement and (ii) the Three Year Annualized TSR calculated as follows:

“Three Year Annualized TSR” means the amount (expressed as a percentage) equal to the
Company’s compound annualized total shareholder return over the Performance Period;
provided, that, the calculation shall be made using an ending price for the Company’s common
stock equal to the Ending Stock Price and using a starting price for the Company’s common
stock equal to the Beginning Stock Price.

“Beginning Stock Price” means the Average Price calculated immediately following the
Company’s release of its annual earnings for calendar year 2007.

“Ending Stock Price” means the Average Price calculated immediately following the Company’s
release of its annual earnings for the last calendar year in the Performance Period.

          Except as expressly set forth herein, all terms of the Original Award Agreement remain in full
force and effect and are not modified by this letter.

TENNECO INC.

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