Document:

Executive Severance Program

 Exhibit 10.30 
 KRATON PERFORMANCE POLYMERS, INC. 
 EXECUTIVE SEVERANCE PROGRAM

 Kraton Performance Polymers, Inc., a Delaware corporation (the “Company”), has adopted the Kraton
Performance Polymers, Inc. Executive Severance Program, effective as of November 1, 2011 (the “Program”), for the benefit of certain employees of the Company and its subsidiaries, on the terms and conditions hereinafter
stated. The Program is intended to help retain qualified employees and provide financial security to certain employees of the Company whose employment with the Company and its Affiliates may be terminated under circumstances entitling them to
severance benefits as provided herein. 
 The Program, as a “severance pay arrangement” within the meaning of
Section 3(2)(B)(i) of ERISA, is intended to be excepted from the definitions of “employee pension benefit plan” and “pension plan” set forth under Section 3(2) of ERISA, and is intended to meet the descriptive
requirements of a plan constituting a “severance pay plan” within the meaning of regulations published by the Secretary of Labor at Title 29, Code of Federal Regulations § 2510.3-2(b). 

ARTICLE I 

DEFINITIONS AND INTERPRETATIONS 
 Section 1.01. Definitions. Capitalized terms used in the Program shall have the following respective meanings, except as otherwise provided or as the context shall otherwise require: 

“Accrued Obligations” shall have the meaning set forth in Section 3.01(a). 

“Affiliate” shall mean any company or other entity controlled by, controlling or under common
control with the Company. 
 “Annual Bonus” shall mean a discretionary annual bonus paid
to a Participant under the Company’s annual incentive bonus plan or program based upon a percentage of the Participant’s Base Salary and the achievement of performance objectives established by the Board each year. 

“Average Bonus” shall mean an amount equal to the average of the annual bonuses paid, if any, to a
Participant under the Company’s annual incentive bonus plan or program for the prior three calendar years (disregarding any proration for partial years) immediately preceding the Termination Year; provided, however, that if, owing solely to a
tenure of less than three years with the Company, the Participant has not been paid bonuses for the prior three years, “Average Bonus” shall mean (i) if the Participant has received a bonus for the prior two years, the average of the
two bonuses actually paid (disregarding any proration for partial years) and the Notional Bonus Payment for the third year; (ii) if the Participant has received a bonus for the prior one year, the average of the bonus actually paid
(disregarding any proration for partial years) and the Notional Bonus Payments for each of the prior two years; or (iii) if the Participant has not been paid a bonus for any of the prior three years, the average of the Notional Bonus Payments
for each of the prior three years. 

 “Base Salary” shall mean the base salary (inclusive
of any amounts deferred on a pre-tax basis pursuant to Code Sections 125, 132 or 401(k)) paid to a Participant immediately prior to his or her Termination Date on an annual basis, exclusive of any Annual Bonus or other bonus payments or additional
payments under any Benefit Plan. 
 “Benefit Plan” shall mean any “employee benefit
plan” (including any employee benefit plan within the meaning of Section 3(3) of ERISA), program, arrangement or practice maintained, sponsored or provided by the Company, including those relating to compensation, bonuses, profit-sharing,
stock option, or other stock related rights or other forms of incentive or deferred compensation, paid time off benefits, insurance coverage (including any self-insured arrangements), health or medical benefits, disability benefits, workers’
compensation, supplemental unemployment benefits, severance benefits and post-employment or retirement benefits (including compensation, pension, health, medical or life insurance or other benefits). 

“Board” shall mean the Board of Directors of the Company. 

“Cause” shall have the meaning set forth in any written individual employment or similar agreement
between the Company and a Participant, or in the event that a Participant is not a party to such an agreement, Cause shall mean: 
 (A) the Participant’s continued failure to substantially perform the duties of his or her position with the Company (other than as a result of total or partial incapacity due to physical or mental
illness) for a period of 30 days following written notice by the Company to the Participant of such failure; provided, however, that it is understood that this clause (A) shall not permit the Company to terminate the Participant’s
employment for Cause because of dissatisfaction with the quality of services provided by or disagreement with the actions taken by the Participant in the good faith performance of the Participant’s duties to the Company; 

(B) failure of the Participant to maintain his or her principal residence in the same metropolitan area as the
Company’s principal headquarters, which is currently located in Houston, Texas, or elsewhere as mutually agreed to by the Participant and the Company; 
 (C) theft or embezzlement of Company property; 
 (D) the
Participant’s conviction of or plea of guilty or no contest to (i) a felony or (ii) a crime involving moral turpitude; 
 (E) the Participant’s willful malfeasance or willful misconduct in connection with the Participant’s duties of his or her position with the Company or any act or omission which is materially
injurious to the financial condition or business reputation of the Company or any of its subsidiaries or Affiliates; or 

  
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 (F) the Participant’s breach of the provisions of any confidentiality,
non-compete or non-solicitation agreement between the Participant and the Company. 
 For purposes of the
Program, Cause shall be determined by the affirmative vote of at least 50% of the members of the Board (excluding the Participant, if a Board member, and excluding any member of the Board materially involved in events leading to the Board’s
consideration of terminating the Participant for Cause). 
 “CEO” shall mean the
Company’s chief executive officer. 
 “Change in Control” shall mean the occurrence
of any of the following events: 
 (A) any sale, lease, exchange or other transfer (in one transaction or a
series of related transactions) of all of the assets of the Company to any Person or group of related persons (a “Group”) for purposes of Section 13(d) of the Securities Exchange Act of 1934 (the “Exchange
Act”); 
 (B) the complete liquidation or dissolution of the Company; 

(C) any Person or Group shall become the beneficial owner (within the meaning of Section 13(d) of the Exchange Act),
directly or indirectly, of equity interests of the Company representing more than 40% of the aggregate outstanding voting equity interests of the Company and such Person or Group actually has the power to vote such equity interests in any such
election; 
 (D) the replacement of a majority of the board of directors of the Company over a two-year period
from the directors who constituted such board at the beginning of such period, and such replacement shall not have been approved by a vote of at least a majority of the board then still in office who either were members of such board at the
beginning of such period or whose election as a member of such board was previously so approved; or 
 (E) a
merger or consolidation of the Company with another entity in which holders of the equity interests of the Company immediately prior to the consummation of the transaction hold, directly or indirectly, immediately following the consummation of the
transaction, less than 50% of the common equity interest in the surviving corporation in such transaction. 

“Change in Control Multiplier Factor” shall mean (i) the number three (3), if the Participant
is the CEO as of the Termination Date, and (ii) the number two (2), if the Participant is not the CEO as of the Termination Date. 
 “Change in Control Severance Continuation Period” shall mean (i) the 36-month period following a Participant’s Termination Date if the Participant is the CEO as of the
Termination Date; and (ii) the 24-month period following a Participant’s Termination Date if the Participant is not the CEO as of the Termination Date. 

  
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 “COBRA” shall mean the Consolidated Omnibus Budget
Reconciliation Act of 1985, as amended. 
 “Code” shall mean the Internal Revenue Code of
1986, as amended, and the rules and regulations promulgated thereunder. 
 “Code
Section 409A” shall mean Section 409A of the Code and the Treasury regulations and other interpretive rulings and guidance issued thereunder. 

“Common Stock” shall mean the $.01 par value common stock of the Company, and such other
securities of the Company as may be substituted for Common Stock. 
 “Company Factor”
shall mean, for a given year, the company multiplier factor under the Company’s annual incentive bonus plan as finally determined by the Compensation Committee for such year. 

“Compensation Committee” shall mean the Compensation Committee of the Board. 

“Disability” shall have the same meaning assigned to such term in the Company’s long term
disability plan, as in effect from time to time, or if no such plan is in effect, “Disability” means “permanent and total disability” as defined in Section 22(e)(3) of the Code. 

“Effective Date” shall mean November 1, 2011. 

“Employee Benefits” shall mean benefits the Participant may be entitled to due to his or her
coverage or participation in the Benefit Plans. 
 “ERISA” shall mean the Employee
Retirement Income Security Act of 1974, as amended, and the rules and regulations promulgated thereunder. 

“Good Reason” shall mean, when used with reference to any Participant, any of the following
actions or failures to act, but in each case only if it occurs while such Participant is employed by the Company and then only if it is not consented to by such Participant in writing: 

(A) the failure of the Company to pay or cause to be paid the Participant’s Base Salary or Annual Bonus (if any) when
due; 
 (B) a material reduction in the Participant’s Base Salary, the target bonus opportunity with respect
to his or her Annual Bonus, or Employee Benefits, other than an across-the-board reduction in Base Salary or bonus opportunity for all of the members of the Company’s management team and other than a decrease in Employee Benefits that applies
to all employees otherwise eligible to participate in the affected plan(s); 

  
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 (C) a relocation of the Participant’s primary work location more than
50 miles from the work location on the date immediately prior to the effective date of such change; or 

(D) a material reduction in the Participant’s duties and responsibilities of his or her position with the Company.

 The foregoing notwithstanding, for purposes of this definition, none of the actions described in clauses (A) through
(D) above shall constitute “Good Reason” with respect to any Participant if it was an isolated and inadvertent action not taken in bad faith by the Company and if it is remedied by the Company within 30 days after receipt of written
notice thereof given by such Participant (or, if the matter is not capable of remedy within 30 days, then within a reasonable period of time following such 30-day period, provided that the Company has commenced such remedy within said 30-day
period). 
 If the Participant believes that an event constituting Good Reason has occurred, the Participant must notify the
Company in writing of that belief within 30 days of the occurrence of the Good Reason event, which notice will set forth the basis for that belief. The Company will have 30 days after receipt of such notice (or, if the matter is not capable of
remedy within 30 days, then within a reasonable period of time following such 30-day period, provided that the Company has commenced such remedy within said 30-day period) (the “Determination Period”) in which to rectify such
event, determine that an event constituting Good Reason does not exist, or determine that an event constituting Good Reason exists. If the Company does not take any of such actions within the Determination Period, the Participant may terminate his
or her employment with the Company for Good Reason within the 30 day period following the end of the Determination Period by giving written notice to the Company in accordance with the provisions of Section 2.02, which termination will be
effective on the Termination Date. If the Company determines that Good Reason does not exist, then (A) the Participant will not be entitled to rely on or assert such event as constituting Good Reason, and (B) the Participant may file a
claim pursuant to Section 4.01 within 30 days after the Participant’s receipt of written notice of the Company’s determination. 
 “Multiplier Factor” shall mean (i) the number one and five tenths (1.5), if the Participant is the CEO as of the Termination Date, and (ii) the number one (1), if the
Participant is not the CEO as of the Termination Date. 
 “Notional Bonus Payment” shall mean, for any
given year, an amount equal to the product of the Company Factor for such year multiplied by the Participant’s target bonus as of the calculation date under the Company’s annual incentive bonus plan. 

“Participant” shall mean an employee of the Company or an Affiliate who is a Participant in
accordance with Section 2.01(a). 
 “Program” shall mean this Kraton Performance Polymers, Inc.
Executive Severance Program, as amended, supplemented or modified from time to time in accordance with its terms. 

  
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 “Pro-rated Portion” shall mean, with respect to any equity-based
grant or award, a fraction (i) whose numerator is the number of full months elapsed from the date of grant of such award through the effective date of termination of a Participant’s employment in the circumstances described in
Section 3.01 below, and (ii) whose denominator is the total number of months over which the grant or award would have vested or had its restrictions lapse under the applicable award agreement. 

“Removal Notice” shall have the meaning set forth in Section 2.01(a). 

“SEC” shall mean the United States Securities and Exchange Commission. 

“Severance Continuation Period” shall mean (i) the 18-month period following the Participant’s
Termination Date, if he or she is the CEO as of such Termination Date, and (ii) the 12-month period following the Participant’s Termination Date, if he or she is not the CEO as of such Termination Date. 

“Successor” shall mean a successor to all or substantially all of the business, operations or assets of the
Company. 
 “Termination Date” shall mean the date on which a Participant has a “separation from
service” from the Company and its Affiliates within the meaning of Code Section 409A. 
 “Termination
Notice” shall mean, as appropriate, written notice from (a) a Participant to the Company purporting to terminate such Participant’s employment for Good Reason in accordance with Section 2.02 or (b) the Company to any
Participant purporting to terminate such Participant’s employment for Cause or Disability in accordance with Section 2.03. 
 “Termination Year” shall mean the calendar year during which the Participant’s Termination Date occurs. 

Section 1.02. Interpretation. In the Program (a) the words “herein,” “hereof” and “hereunder”
refer to the Program as a whole and not to any particular Article, Section or other subdivision, (b) reference to any Article or Section, means such Article or Section hereof and (c) the words “including” (and with correlative
meaning “include”) means including, without limiting the generality of any description preceding such term. The Article and Section headings herein are for convenience only and shall not affect the construction hereof. 

ARTICLE II 

ELIGIBILITY AND BENEFITS 
 Section 2.01. Eligible Employees. 
 (a) An employee of the Company or its
Affiliates who is not party to an individual employment agreement providing for severance benefits shall be a Participant in the Program during each calendar year (or partial calendar year) for which he or she is designated as a Participant by the
Compensation Committee, unless the Participant is given written notice of the Compensation Committee’s determination that such Participant shall cease to be a Participant 

  
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(such written notice a “Removal Notice”). An individual who is designated a Participant pursuant to the foregoing sentence shall cease to be a Participant upon receipt of
a Removal Notice from the Compensation Committee. All Participants shall be listed on Exhibit A attached hereto, and such exhibit shall constitute a part of this Program. 

(b) This Program is only for the benefit of the Participants, and no other employees, personnel, consultants or independent contractors
shall be eligible to participate in the Program or to receive any rights or benefits hereunder. 
 Section 2.02. Termination
Notices from Participants for Good Reason. For purposes of the Program, in order for any Participant to terminate his or her employment for Good Reason, such Participant must give a Termination Notice to the Company in accordance with the
requirements specified under the definition of Good Reason in Section 1.01, which notice shall be signed by such Participant, shall be dated the date it is given to the Company, shall specify the Termination Date and shall state that the
termination is for Good Reason and shall set forth in reasonable detail the facts and circumstances claimed to provide a basis for such Good Reason. Any Termination Notice given by a Participant that does not comply in all material respects with the
foregoing requirements as well as the “Good Reason” definition provisions set forth in Section 1.01 shall be invalid and ineffective for purposes of the Program. If the Company receives from any Participant a Termination Notice that
it believes is invalid and ineffective as aforesaid, it shall promptly notify such Participant of such belief and the reasons therefor. Any termination of employment by the Participant that either does not constitute Good Reason or fails to meet the
Termination Notice requirements set forth above shall be deemed a termination by the Participant without Good Reason. 
 Section
2.03. Termination Notices from Company for Cause or Disability. For purposes of the Program, in order for the Company to terminate any Participant’s employment for Cause, the Company must give a Termination Notice to such Participant,
which notice shall be dated the date it is given to such Participant, shall specify the Termination Date and shall state that the termination is for Cause and shall set forth in reasonable detail the particulars thereof. For purposes of the Program,
in order for the Company to terminate any Participant’s employment for Disability, the Company must give a Termination Notice to such Participant, which notice shall be dated the date it is given to such Participant, shall specify the
Termination Date and shall state that the termination is for Disability and shall set forth in reasonable detail the particulars thereof. Any Termination Notice given by the Company that does not comply, in all material respects, with the foregoing
requirements shall be invalid and ineffective for purposes of the Program. Any Termination Notice purported to be given by the Company to any Participant after the death or retirement of such Participant shall be invalid and ineffective. 

ARTICLE III 

SEVERANCE AND RELATED TERMINATION BENEFITS 
 Section 3.01. Termination of Employment. 
 (a) Voluntary Termination by
Participant. In the event that a Participant’s employment is terminated by the Participant other than for Good Reason, then the Participant shall be paid, within 30 days following the Participant’s Termination Date, the following (with
the benefits set forth in (1) through (3) collectively referred to as the “Accrued Obligations”): 

  
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	 	(1)	the Base Salary through the Termination Date, to the extent not already paid; 

 

	 	(2)	any Annual Bonus earned but unpaid as of the Termination Date for any previously completed fiscal year; and 

 

	 	(3)	reimbursement for any unreimbursed business expenses properly incurred by the Participant, in accordance with the Company’s applicable policy, prior to the
Termination Date. 

 Following the Participant’s termination of employment by the Participant other than for
Good Reason, except as set forth in this Section 3.01(a), the Participant shall have no further rights to any compensation or any other benefits in the nature of severance or termination pay or in connection with the termination of his or her
employment. 
 (b) For Cause. In the event that a Participant’s employment is terminated by the Company for Cause,
then the Participant shall be paid, within 30 days following the Participant’s Termination Date, the following: 
  

	 	(1)	the Base Salary through the Termination Date, to the extent not already paid; and 

 

	 	(2)	reimbursement for any unreimbursed business expenses properly incurred by the Participant, in accordance with the Company’s applicable policy, prior to the
Termination Date. 

 Following the Participant’s termination of employment by the Company for Cause, except
as set forth in this Section 3.01(b), the Participant shall have no further rights to any compensation or any other benefits in the nature of severance or termination pay or in connection with the termination of his or her employment.

 (c) Disability or Death. In the event that a Participant’s employment is terminated (i) by the Company by
reason of the Participant’s Disability or (ii) as a result of the Participant’s death, then in either case, the following benefits shall be paid to the Participant or the Participant’s estate, as applicable: 

 

	 	(1)	the Accrued Obligations (at the time set forth in Section 3.01(a)); and 

 

	 	(2)	within 60 days following the Participant’s Termination Date, a lump-sum cash payment equal to the product of (i) his or her Average Bonus and (ii) a
fraction, the numerator of which is the number of days during which the Participant was employed by the Company in the Termination Year and the denominator of which is 365. 

  
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 Following the Participant’s termination of employment due to death or Disability,
except as set forth in this Section 3.01(c), the Participant shall have no further rights to any compensation or any other benefits in the nature of severance or termination pay or in connection with the termination of his or her employment.

 (d) Without Cause or for Good Reason. In the event that a Participant’s employment is terminated (i) by the
Company without Cause (other than due to Disability or death) or (ii) by the Participant for Good Reason, then, subject to the provisions of Section 3.02, in either case, the following benefits shall be paid to the Participant: 

 

	 	(1)	the Accrued Obligations (at the time set forth in Section 3.01(a)); 

  

	 	(2)	a continuation of the Participant’s annual Base Salary for the Severance Continuation Period, which shall be paid at the same time and in the same manner as if the
Participant had remained employed by the Company during such period; provided, however, that the payments normally payable during the 60-day period following the Participant’s Termination Date shall be accrued and paid in a lump sum
within five days following the end of such 60-day period; 

  

	 	(3)	within 60 days following the Participant’s Termination Date, a lump sum cash payment equal to the product of (i) the Multiplier Factor and (ii) his or
her Average Bonus; and 

  

	 	(4)	during the Severance Continuation Period, the Participant and his or her eligible dependents as of the Termination Date shall continue to be covered by all medical,
vision and dental Benefit Plans (excluding disability insurance) maintained by the Company under which the Participant was covered immediately prior to the Termination Date (collectively, the “Continued Health Benefits”) at
the same active employee premium cost as a similarly situated active employee; provided, however, in any case such benefits shall cease if the Participant becomes entitled to medical benefits from a new employer as provided in
Section 3.03(a). The Company may provide such medical and dental benefits by paying the Company’s COBRA continuation coverage through such Severance Continuation Period. 

Following the Participant’s termination of employment by the Company without Cause or by the Participant for Good Reason, except as
set forth in this Section 3.01(d), the Participant shall have no further rights to any compensation or any other benefits in the nature of severance or termination pay or in connection with the termination of his or her employment. 

(e) Without Cause or For Good Reason Following a Change in Control. In the event that a Participant’s employment is
terminated within one year following a Change in Control either (i) by the Participant for Good Reason or (ii) by the Company without Cause (other than due to Disability or death), then, subject to provisions of Section 3.02, in
either case, the following benefits shall be paid to the Participant: 

  
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	 	(1)	the Accrued Obligations (at the time set forth in Section 3.01(a)); 

  

	 	(2)	a continuation of the Participant’s annual Base Salary during the Change in Control Severance Continuation Period which shall be paid at the same time and in the
same manner as if the Participant had remained employed by the Company during such period; provided, however, that the payments normally payable during the 60-day period following the Participant’s Termination Date shall be accrued and
paid in a lump sum within five days following the end of such 60-day period; 

  

	 	(3)	within 60 days following the Participant’s Termination Date, a lump sum cash payment equal to the product of (i) the Change in Control Multiplier Factor and
(ii) his or her Average Bonus; and 

  

	 	(4)	during the Change in Control Severance Continuation Period, the Participant and his or her eligible dependents as of the Termination Date shall continue to be covered
by the Continued Health Benefits under which the Participant was covered immediately prior to the Termination Date at the same active employee premium cost as a similarly situated active employee; provided, however, in any case such benefits
shall cease if the Participant becomes entitled to medical benefits from a new employer as provided in Section 3.03(a). The Company may provide such medical and dental benefits by paying the Company’s COBRA continuation coverage through
such Severance Continuation Period. 

 Following the Participant’s termination of employment within one year
following a Change in Control either (i) by the Participant for Good Reason or (ii) by the Company without Cause, except as set forth in this Section 3.01(e), the Participant shall have no further rights to any compensation or any
other benefits in the nature of severance or termination pay or in connection with the termination of his or her employment. 

(f) Vested Employee Benefits. Following a Participant’s termination of employment under Section 3.01(a), (b), (c),
(d) or (e), he or she shall be entitled to such vested Employee Benefits, if any, as to which the Participant may be entitled under the Benefit Plans the Participant is entitled to pursuant to the terms of the applicable plans then in effect.

 (g) Treatment of Continued Health Benefits. The premium cost to the Company of providing any Continued Health Benefits
which are medical, dental or vision benefits on a self-insured basis, will be timely reported to the Participant as taxable income. Any continued medical, dental or vision benefits provided to a Participant and his or her dependents pursuant to
Section 3.01(d) or Section 3.01(e) are provided concurrent with any rights the Participant and such dependents may have to continue such coverages under COBRA. The provisions of this Section 3.01 will not prohibit the Company from
changing the terms of such Continued Health Benefits provided that any such changes apply to all similarly situated employees of the Company and its Affiliates (e.g., the Company may switch insurance carriers or preferred provider organizations).

  
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 (h) COBRA. At the expiration of the period applicable to Continued Health Benefits as
provided in Section 3.01(d) and Section 3.01(e), the Participant and his or her dependents shall be entitled to continued coverage under COBRA for a period, if any, equal to the difference between the maximum coverage period applicable to
such Participant or an eligible dependent under COBRA and the period under which Continued Health Benefits were provided pursuant to Section 3.01(d) or Section 3.01(e). 

Section 3.02. Condition to Receipt of Severance Benefits. As a condition to receipt of any payment or benefits under
Section 3.01(d) or Section 3.01(e), such Participant must enter into a Non-Solicitation, Non-Compete, Non-Disclosure, Non-Disparagement and Release Agreement (“Release Agreement”) with the Company and its Affiliates
in the form then currently used by the Company. The Company will provide a Participant with a Release Agreement on or before the Participant’s Termination Date. The Participant must execute and return the Release Agreement to the Company no
later than the 52nd day following his or her Termination Date, followed by a seven (7)-day revocation period following the date the Release Agreement is executed (“Revocation Period”). A Participant’s failure to timely
execute and return the Release Agreement in accordance with the previous sentence, or the Participant’s revocation of the Release Agreement during the Revocation Period, will result in a forfeiture of all benefits payable to the Participant
under the terms of the Program other than the Accrued Obligations and any vested Employee Benefits described under Section 3.01(f). 
 Section 3.03. Limitation of Benefits. 
 (a) Anything in the Program to the
contrary notwithstanding, the Company’s obligation to provide the Continued Health Benefits shall cease if and when the Participant becomes employed by a third party that provides such Participant with substantially comparable health and
welfare benefits, subject to the Participant’s right to elect to continue coverage under COBRA. 
 (b) Any amounts payable
under the Program shall be in lieu of and not in addition to any other severance or termination payment under any other plan or agreement with the Company. As a condition to receipt of any payment under the Program, the Participant shall waive any
entitlement to any other severance or termination payment by the Company, including any severance or termination payment set forth in an individual employment agreement with the Company. Notwithstanding the foregoing, nothing in this
Section 3.03(b) shall abridge the Participant’s rights with respect to vested benefits under any Benefit Plan. 

Section 3.04. Certain Excise Taxes. Notwithstanding anything to the contrary in this Agreement, if the Participant is a
“disqualified individual” (as defined in Code Section 280G(c)), and the payments and benefits provided for in this Program, together with any other payments and benefits which the Participant has the right to receive
from the Company or any of its Affiliates, would constitute a “parachute payment” (as defined in Code Section 280G(b)(2)), then the payments and benefits provided for in this Program shall be either (a) reduced (but
not below zero) so that the present value of such total amounts and benefits received by the Participant from the Company and its Affiliates will be one dollar ($1.00) less than three (3) times Executive’s “base
amount”(as defined in Code Section 280G(b)(3)) and so that no portion of such amounts and benefits received by the Participant shall be subject to the excise tax 

  
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imposed by Code Section 4999 or (b) paid in full, whichever produces the better net after tax position to the Participant (taking into account any applicable excise tax under Code
Section 4999 and any other applicable taxes). The reduction of payments and benefits hereunder, if applicable, shall be made by reducing, first, payments or benefits to be paid in cash hereunder in the order in which such payment or benefit
would be paid or provided (beginning with such payment or benefit that would be made last in time and continuing, to the extent necessary, through to such payment or benefit that would be made first in time) and, then, reducing any benefit to be
provided in kind hereunder in a similar order. The determination as to whether any such reduction in the amount of the payments and benefits provided hereunder is necessary shall be made by the Company in good faith. If a reduced payment or benefit
is made or provided and through error or otherwise that payment or benefit, when aggregated with other payments and benefits from the Company (or its Affiliates) used in determining if a parachute payment exists, exceeds one dollar ($1.00) less than
three (3) times the Participant’s base amount, then the Participant shall immediately repay such excess to the Company upon notification that an overpayment has been made. Nothing in this Section 3.04 shall require the Company (or any
Affiliate) to be responsible for, or have any liability or obligation with respect to, the Participant’s excise tax liabilities under Code Section 4999. 
 Section 3.05. Program Unfunded; Participant’s Rights Unsecured. The Company shall not be required to establish any special or separate fund or make any other segregation of funds or assets to
assure the payment of any benefit hereunder. The right of any Participant to receive the benefits provided for herein shall be an unsecured obligation against the general assets of the Company. 

ARTICLE IV 

CLAIMS PROCEDURE 
 Section 4.01. Claims Procedure 
 (a) It shall not be necessary for a
Participant or beneficiary who has become entitled to receive a benefit hereunder to file a claim for such benefit with any person as a condition precedent to receiving a distribution of such benefit. However, any Participant or beneficiary who
believes that he or she has become entitled to a benefit hereunder and who has not received, or commenced receiving, a distribution of such benefit, or who believes that he or she is entitled to a benefit hereunder in excess of the benefit which he
or she has received, or commenced receiving, may file a written claim for such benefit with the Compensation Committee at any time on or prior to the end of the fiscal year next following the fiscal year in which he or she allegedly became entitled
to receive a distribution of such benefit. Such written claim shall set forth the Participant’s or beneficiary’s name and address and a statement of the facts and a reference to the pertinent provisions of the Program upon which such claim
is based. The Compensation Committee shall, within 90 days after such written claim is filed, provide the claimant with written notice of its decision with respect to such claim. If such claim is denied in whole or in part, the Compensation
Committee shall, in such written notice to the claimant, set forth in a manner calculated to be understood by the claimant the specific reason or reasons for denial; specific references to pertinent provisions of the Program upon which the denial is
based; a description of any additional material or information necessary for the claimant to perfect his or her claim and an explanation of why such material or information is necessary; and an explanation of the provisions for review of claims set
forth in Section 4.01(b) below. 

  
 12 

 (b) A Participant or beneficiary who has filed a written claim for benefits with the
Compensation Committee which has been denied may appeal such denial to the Compensation Committee and receive a full and fair review of his or her claim by filing with the Compensation Committee a written application for review at any time within 60
days after receipt from the Compensation Committee of the written notice of denial of his or her claim provided for in Section 4.01(a) above. A Participant or beneficiary who submits a timely written application for review shall be entitled to
review any and all documents pertinent to his or her claim and may submit issues and comments to the Compensation Committee in writing. Not later than 60 days after receipt of a written application for review, the Compensation Committee shall give
the claimant written notice of its decision on review, which written notice shall set forth in a manner calculated to be understood by the claimant specific reasons for its decision and specific references to the pertinent provisions of the Program
upon which the decision is based. 
 (c) Any act permitted or required to be taken by a Participant or beneficiary under this
Section 4.01 may be taken for and on behalf of such Participant or beneficiary by such Participant’s or beneficiary’s duly authorized representative. Any claim, notice, application or other writing permitted or required to be filed
with or given to a party by this Article shall be deemed to have been filed or given when deposited in the U.S. mail, postage prepaid, and properly addressed to the party to whom it is to be given or with whom it is to be filed. Any such claim,
notice, application, or other writing deemed filed or given pursuant to the preceding sentence shall in the absence of clear and convincing evidence to the contrary, be deemed to have been received on the fifth (5th) business day following the
date upon which it was filed or given. Any such notice, application, or other writing directed to a Participant or beneficiary shall be deemed properly addressed if directed to the address set forth in the written claim filed by such Participant or
beneficiary. 
 ARTICLE V 
 Miscellaneous Provisions 
 Section 5.01. Cumulative Benefits.
Except as provided in Section 3.03(b), the rights and benefits provided to any Participant under the Program are in addition to and shall not be a replacement of, all of the other rights and benefits provided to such Participant under any
Benefit Plan or any agreement between such Participant and the Company. 
 Section 5.02. Code Section 409A.

 (a) It is intended that the payments and benefits provided under the Program shall be exempt from or comply with the
application of the requirements of Code Section 409A. This Program shall be construed, administered and governed in a manner that affects such intent. Specifically, any taxable benefits or payments provided under the Program are intended to be
separate payments that qualify for the “short-term deferral” exception to Code Section 409A to the maximum extent possible, and to the extent they do not so qualify, are intended to qualify for the separation pay exceptions to Code
Section 409A, to the maximum extent possible. To the 

  
 13 

 
extent that none of these exceptions (or any other available exception) applies, then notwithstanding anything contained herein to the contrary, and to the extent required to comply with Code
Section 409A, if a Participant is a “specified employee,” as determined by the Company, as of his or her Termination Date, then all amounts due under the Program that constitute a “deferral of compensation” within the
meaning of Code Section 409A, that are provided as a result of a “separation from service” within the meaning of Code Section 409A, and that would otherwise be paid or provided during the first six months following the
Termination Date, shall be accumulated through and paid or provided on the first business day that is more than six months after the date of the Termination Date (or, if the Participant dies during such six -month period, within 90 days after the
Participant’s death). 
 (b) With regard to any provision herein that provides for reimbursement of costs and expenses or
in-kind benefits, except as permitted by Code Section 409A: (i) the right to reimbursement or in-kind benefits shall not be subject to liquidation or exchange for another benefit; (ii) the amount of expenses eligible for
reimbursement, or in-kind benefits, provided during any calendar year shall not affect the expenses eligible for reimbursement, or in-kind benefits to be provided, in any other calendar year; and (iii) such payments shall be made on or before
the last day of the Participant’s calendar year following the calendar year in which the expense occurred, or such earlier date as required hereunder. 
 (c) The payments and benefits provided under the Program may not be deferred, accelerated, extended, paid out or modified in a manner that would result in the imposition of an additional tax under Code
Section 409A upon the Participants. Although the Company will use its best efforts to avoid the imposition of taxation, interest and penalties under Section 409A of the Code, the tax treatment of the benefits provided under the Program is
not warranted or guaranteed. Neither the Company, its Affiliates nor their respective directors, officers, employees or advisers shall be held liable for any taxes, interest, penalties or other monetary amounts owed by a Participant (or any other
individual claiming a benefit through the Participant) as a result of the Program. 
 Section 5.03. No Mitigation. No
Participant shall be required to mitigate the amount of any payment provided for in the Program by seeking or accepting other employment following a termination of his or her employment with the Company or otherwise. Except as otherwise provided in
Section 3.03, the amount of any payment provided for in the Program shall not be reduced by any compensation or benefit earned by a Participant as the result of employment by another employer or by retirement benefits. The Company’s
obligations to make payments to any Participant required under the Program shall not be affected by any set off, counterclaim, recoupment, defense or other claim, right or action that the Company may have against such Participant. 

Section 5.04. Amendment or Termination. The Board may amend (in whole or in part) or terminate the Program at any time;
provided, however, that the Program cannot be amended or terminated during the one year period following a Change in Control. Notwithstanding the foregoing, no termination shall reduce or terminate any Participant’s right to receive, or
continue to receive, any payments and benefits that became payable in respect of a termination of employment that occurred prior to the date of such termination of the Program. Notwithstanding the foregoing, nothing herein shall abridge the
Compensation Committee’s authority to designate new Participants to participate in the Program in accordance with Section 2.01(a) hereof. 

  
 14 

 Section 5.05. Enforceability. The failure of the Participants or the Company to
insist upon strict adherence to any term of the Program on any occasion shall not be considered a waiver of such party’s rights or deprive such party of the right thereafter to insist upon strict adherence to that term or any other term of the
Program. 
 Section 5.06. Administration. 
 (a) The Compensation Committee shall have full and final authority, subject to the express provisions of the Program, with respect to designation of the Participants and administration of the Program,
including but not limited to, the authority to construe and interpret any provisions of the Program and to take all other actions deemed necessary or advisable for the proper administration of the Program, and such decisions shall be binding on all
parties. 
 (b) The Company shall indemnify and hold harmless each member of the Compensation Committee and any other employee
of the Company that acts at the direction of the Compensation Committee against any and all expenses and liabilities arising out of his or her administrative functions or fiduciary responsibilities, including any expenses and liabilities that are
caused by or result from an act or omission constituting the negligence of such member in the performance of such functions or responsibilities, but excluding expenses and liabilities that are caused by or result from such member’s or
employee’s own gross negligence or willful cause. Expenses against which such member or employee shall be indemnified hereunder shall include, without limitation, the amounts of any settlement or judgment, costs, counsel fees, and related
charges reasonably incurred in connection with a claim asserted or a proceeding brought or settlement thereof. 
 Section 5.07.
Consolidations, Mergers, Etc. In the event of a merger, consolidation or other transaction, nothing herein shall relieve the Company from any of the obligations set forth in the Program; provided, however, that nothing in this
Section 5.07 shall prevent an acquirer of or Successor to the Company from assuming the obligations, or any portion thereof, of the Company hereunder pursuant to the terms of the Program provided that such acquirer or Successor provides
adequate assurances of its ability to meet this obligation. In the event that an acquirer of or Successor to the Company agrees to perform the Company’s obligations, or any portion thereof, hereunder, the Company shall require any person, firm
or entity which becomes its Successor to expressly assume and agree to perform such obligations in writing, in the same manner and to the same extent that the Company would be required to perform hereunder if no such succession had taken place.

 Section 5.08. Successors and Assigns. This Program shall be binding upon and inure to the benefit of the Company and
its Successors and assigns. This Program and all rights of each Participant shall inure to the benefit of and be enforceable by such Participant and his or her personal or legal representatives, executors, administrators, heirs and permitted
assigns. If any Participant should die while any amounts are due and payable to such Participant hereunder, all such amounts, unless otherwise provided herein, shall be paid in accordance with the terms of the Program to such Participant’s
devisees, legatees or other designees or, if there be no such devisees, legatees or other designees, to the legal representative of such Participant’s estate. No payments, benefits or rights arising under the Program may be assigned or pledged
by any Participant, except under the laws of descent and distribution. 

  
 15 

 Section 5.09. Notices. All notices and other communications provided for in the
Program shall be in writing and shall be sent, delivered or mailed, addressed as follows: (a) if to the Company, at the Company’s principal office address or such other address as the Company may have designated by written notice for
purposes hereof, directed to the attention of the General Counsel, and (b) if to any Participant, at his or her residence address on the records of the Company or to such other address as he or she may have designated to the Company in writing
for purposes hereof. Each such notice or other communication shall be deemed to have been duly given or mailed by United States certified or registered mail, return receipt requested, postage prepaid, except that any change of notice address shall
be effective only upon receipt. 
 Section 5.10. Tax Withholding. The Company shall have the right to deduct from any
payment hereunder all taxes (federal, state or other) which it is required to withhold therefrom. 
 Section 5.11. No
Employment Rights Conferred. This Program shall not be deemed to create a contract of employment between any Participant and the Company and/or its Affiliates. Nothing contained in the Program shall (a) confer upon any Participant any right
with respect to continuation of employment with the Company or (b) subject to the rights and benefits of any Participant hereunder, interfere in any way with the right of the Company to terminate such Participant’s employment at any time.

 Section 5.12. Entire Program. This Program contains the entire understanding of the Participants and the Company with
respect to severance arrangements maintained on behalf of the Participants by the Company. There are no restrictions, agreements, promises, warranties, covenants or undertakings between the Participants and the Company with respect to the subject
matter herein other than those expressly set forth herein. 
 Section 5.13. Prior Agreements. This Program supersedes all
prior agreements, programs and understandings (including all written and verbal agreements and understandings) between each Participant and the Company regarding the terms and conditions of each Participant’s employment and severance
arrangements. 
 Section 5.14. Severability. If any provision of the Program is, becomes or is deemed to be invalid,
illegal or unenforceable in any respect, the validity, legality and enforceability of the remaining provisions of the Program shall not be affected thereby. 
 Section 5.15. Governing Law. This Program shall be governed by and construed in accordance with the laws of the State of Delaware, without giving effect to its conflict of laws rules, and
applicable federal law. 
  

			
	KRATON PERFORMANCE POLYMERS, INC.
		
	By:	 	/s/ Richard A. Ott
	 Name:
	 	Richard A. Ott
	 Title:
	 	Vice President HR

  
 16 

 EXHIBIT A 
 KRATON PERFORMANCE POLYMERS, INC. 
 EXECUTIVE SEVERANCE PROGRAM

 INITIAL PARTICIPANTS* 
 Thomas A. Abrey 
 Damian T. Burke 
 Jason P. Clark 
 Stephen W. Duffy 
 Kevin M. Fogarty 
 Lothar P.F. Freund 
 Holger R. Jung 
 G. Scott Lee 
 Richard A. Ott 
 Stephen E. Tremblay 

 

	*	Subject to execution of and Employee Confidentiality and Non-Competition Agreement and, if applicable, a Termination of Employment and Release Agreement in a form
acceptable to the Company 

  
 17Non-Competition Agreement

 Exhibit 10.31 
 EMPLOYEE CONFIDENTIALITY AND 
 NON-COMPETITION AGREEMENT 

THIS EMPLOYEE CONFIDENTIALITY AND NON-COMPETITION AGREEMENT (this “Agreement”) is made and
entered into this 31st day of October, 2011 (the
“Effective Date”), by and between Kraton Performance Polymers, Inc. (“Parent”), a Delaware corporation, Kraton Polymers LLC (“Kraton” or the “Company”),
a Delaware limited liability company and wholly-owned subsidiary of Parent and                     (“Employee”). 

[Existing Employees: Employee has been employed by the Company since
[                ]. Concurrently with the execution and delivery of this Agreement, Company agrees to continue to employ Employee, and Employee agrees to continue
employment with the Company, on the following terms and conditions:] 
 [New Employees: The Company agrees to
employ Employee, and Employee accepts employment with the Company, on the following terms and conditions:] 
 [for new
employees: agrees [for current employees: agrees to continue to employ Employee, and Employee agrees to continue employment with the Company,] on the following terms and conditions: 

ARTICLE I 

DEFINITIONS 
 In addition to the terms defined in the body of this Agreement, for purposes of this Agreement, the following capitalized words shall have the meanings indicated below. 

1.1 “Competitive Business” means the development, manufacture, license, sale or provision of products or services that
the Company currently, or at any time during the Employee’s employment with the Company, sells, manufactures, licenses or provides, or has specific plans to do so, including without limitation styrenic block copolymers made by anionic
polymerization. 
 1.2 “Confidential Information” includes, but is not limited to trade secrets and other
confidential and proprietary information received or developed by the Company (including such information received or developed by Employee during his employment with Company) relating to the Company’s customers and/or in connection with the
business of the Company and its affiliates, including without limitation, customer lists, development programs, costs, marketing, trading, investment, sales, activities, promotion, credit and financial data, manufacturing processes, financing
methods, plans, contract terms and conditions and related information, information describing the needs of the Company’s and its affiliates’ customers, formulas, devices or compilations of information which are used in the business of the
Company and its affiliates and which give the Company and its affiliates an opportunity to obtain an advantage over others who do not know or use such information, financial information, marketing plans,

 
designs, specifications for hardware and systems, software programs, engineering and other technical data, ideas and special expertise relating to the business of the Company and its affiliates,
their customers and suppliers and other information and materials which have been or may be identified by the Company and its affiliates, their customers or suppliers as confidential or which Employee has reason to believe is being maintained in
confidence, as well as information concerning the business of the Company generally. Confidential Information does not include any item of such information which, prior to Employee’s receipt thereof: (i) was generally known to the public
(other than as a result of a breach of this covenant by Employee), or (ii) was acquired by Employee from a third party, provided such third party, in providing the information to Employee, did not impose an obligation of confidentiality and has
not breached any other agreement or acted in derogation of any duty owed to the Company, its customers or suppliers. 

ARTICLE II 
 PROTECTION OF INFORMATION 
 2.1 Acknowledgement of Confidential
Information of the Company. In order to develop Employee’s skills and enable Employee to perform his duties, Employee acknowledges that the Company hereby agrees to, after execution of this Agreement and throughout Employee’s
employment, to provide Employee with Confidential Information as defined below. By signing this Agreement, Employee acknowledges delivery and receipt of Confidential Information. Employee acknowledges that thereafter Employee will be making use of,
acquiring, accessing and/or adding to such Confidential Information. Employee recognizes that access to and knowledge of Confidential Information is essential to the performance of his duties with the Company. Employee acknowledges and agrees that
the Company’s Confidential Information is a valuable, special, and unique asset of the Company and such Confidential Information is extremely important in the highly competitive industries in which the Company conducts business. Employee
acknowledges that the disclosure of any Confidential information will cause imminent harm and substantial, irreparable injury, including loss of profit and other damages such as loss of goodwill and a decrease in market share which are difficult to
calculate. Employee acknowledges that the Company retains a proprietary interest in its Confidential Information that persists beyond the termination of Employee’s employment. 

2.2 Obligation to Maintain the Secrecy of Confidential Information. 

(a) As a material inducement to the Company to provide Confidential Information to Employee and otherwise enter into the employment
relationship, Employee agrees: 
 (i) To keep the Confidential Information secret and confidential at all times and not at
anytime, during his employment by the Company or following such employment, to disclose or allow the disclosure of any Confidential Information to any person, firm or corporation except to the extent necessary to permit Employee to act within the
ordinary course of Employee’s assigned duties for the benefit of the Company; and 
 (ii) Not to use, misuse or
misappropriate any Confidential Information for his own benefit or the benefit of any person, firm or corporation other than the Company. 

  
 2 

 Without limiting the foregoing, Employee understands and agrees that he will not communicate or divulge,
disclose or furnish, except to the Company, the names and addresses of any customers or prospective customers, or any information concerning any of the Company’s customers or prospective customers. Employee further acknowledges that the
Confidential Information is the sole property of the Company and its affiliates or their customers or suppliers. 
 (b) At the
termination of Employee’s employment with the Company for any reason, (i) all Confidential Information as may be in Employee’s possession, or over which Employee may have control, and all other documents, data, records, materials,
notes, reports and other property of the Company and/or any of its affiliates provided to Employee during the course of Employee’s employment, regardless of whether prepared by Employee, shall be returned by Employee to the Company immediately,
with no request being required (and Employee shall not retain, recreate or deliver to anyone else such information); and (ii) all computer and computer-related equipment and software, and all property, files, records, documents, drawings,
specifications, lists, equipment, and similar items relating to the business of the Company or its affiliates, whether prepared by Employee or otherwise, coming into Employee’s possession and/or control shall remain the exclusive property of
the Company and its affiliates, and shall be delivered by Employee to the Company immediately, with no request being required (and Employee shall not retain, recreate or deliver to anyone else such information). The restrictions of this
Section 2.2 are in addition to and not in lieu of protections afforded to the trade secrets and confidential information of the Company and its affiliates under applicable state and/or federal laws. 

ARTICLE III 
 INVENTIONS 
 3.1 Inventions by Employee. 

(a) Prior Inventions. Employee has attached hereto, as Exhibit A, a list describing all material creations, inventions, and
developments which were created or contributed to by Employee either solely or jointly with others prior to Employee’s employment with the Company which relate to the Company’s proposed or current business, services, products or research
and development (collectively referred to as “Prior Inventions”). If no such list is attached, Employee either will advise the Company that Prior Inventions exist but cannot be disclosed because of prior existing confidentiality
obligations or, absent such advice, will be understood to represent that there are no such Prior Inventions. If in the course of Employee’s employment with the Company, Employee uses or relies upon a Prior Invention, or any works of authorship
(including software, related items, data bases, documentation, site content, text or graphics), developments, improvements or trade secrets which were created or contributed to by Employee either solely or jointly with others prior to
Employee’s employment with the Company (“Prior Intellectual Property”) in Employee’s creation or contribution to any work of authorship, invention, product, service, process, machine or other property of the Company, Employee
will inform the Company promptly and, upon request, use Employee’s best efforts to procure any consents of third parties necessary for the Company’s use of such Prior Intellectual Property. To the fullest extent permissible by law, and to
the extent not in contravention of any prior legal obligation of Employee to others all of which are disclosed to KRATON on Exhibit B, attached hereto, Employee hereby grants the Company a non-exclusive royalty-free,

  
 3 

 
irrevocable, perpetual, worldwide license under all of Employee’s Prior Inventions to make, have made, copy, modify, distribute, use and sell works of authorship, products, services,
processes and machines and to otherwise operate the Company’s current and future business. 
 (b) During Employee’s
employment by the Company, Employee may, alone or with others, during or outside regular business hours and with or without the use of the Company’s equipment, supplies, facilities or any of the Confidential Information, develop ideas, works of
authorship, inventions, improvements upon products, or discoveries which (i) relate at the time of their conception or reduction to practice to the Company’s business, or actual or anticipated research or development by the Company, or
(ii) which result from work performed by Employee for the Company. (All of the foregoing are collectively referred to as the “Inventions”.) Employee agrees that all Inventions are the sole and exclusive property of the
Company and that the Company shall have the sole right to use the Inventions. Employee further hereby unconditionally assigns and agrees to assign to the Company all rights, title and interests of Employee in and to all Inventions. Employee hereby
grants to the Company the sole right to apply for, obtain and register patents, utility models, design rights, copyrights and/or trade secret protection or any other available legal protection (collectively called “Legal
Protection”) for the Inventions and the Company’s ownership thereof in the United States and throughout the world and to use transfer or grant licenses to others under all such Legal Protection. Employee further agrees to provide
all possible assistance to the Company and to execute all documents, agreements, notices, assignments and other written materials and perform all acts required by the Company from time to time to enable the Company to fully enforce its legal rights
to the Inventions in the United States and throughout the world, including, without limitation, all documents and actions, including, without limitation, information and testimony which the Company deems necessary for (1) the unconditional
assignment of all of Employee’s interests in the Inventions to the Company and the vesting of title to the Inventions solely in the Company, and (2) the preparation, application, prosecution, issuance, procurement, perfection, maintenance
and preservation of Legal Protection for the Inventions. 
 (c) Employee will promptly and fully inform and disclose to his
supervisor, in writing, in detail, all inventions developed by Employee and Employee agrees to treat all Inventions as Confidential Information of the Company and to maintain the secrecy of those Inventions pursuant to the requirements of Article
II. Employee further agrees to maintain complete records of all his creative or inventive activities and to deliver such records to the Company at the termination of employment or as requested by the Company. 

ARTICLE IV 
 COVENANTS AGAINST COMPETITION 
 4.1 Non-Competition and
Non-Solicitation. (a) Employee acknowledges that in connection with his employment, he has and will continue to have access to specialized knowledge of the market analyses, marketing practices, technology, clients and prospective
clients of the Company, and other Confidential Information, goodwill and trade secrets that were among the assets of the Company prior to the Effective Date. Employee acknowledges his expertise and specialized knowledge of research and development,
and other Confidential Information of the Company. Employee will continue to obtain and develop specialized knowledge of Confidential Information of the Company and its affiliates and the business of the

  
 4 

 
Company through his continued involvement in the business of the Company, including his employment under this Agreement, and that such Confidential Information will enable Employee to irreparably
injure the Company if Employee should engage in unfair competition. The Company’s promise to provide Employee with this Confidential Information is an essential part of the Company’s agreement to employ Employee pursuant to this Agreement.

 (b) Ancillary to and in consideration of the Company’s promises and undertakings in this Agreement, including the
promise to provide specialized training and knowledge, the promise to provide Employee access to and control of Confidential Information that the Company and its affiliates will continue to develop and/or receive and that Employee will have access
to during his employment with the Company, and to ensure the protection of the Company’s and its affiliates’ Confidential Information during Employee’s employment and thereafter, Employee agrees and covenants that during the period of
his employment and until the date that is twelve (12) months after the termination of Employee’s employment for any reason whatsoever, whether voluntary or involuntary (the “Restrictive Period”) he will not, without the prior
written approval of the Company: 
 (i) acquire a financial interest in, engage in, act for, be employed by, provide services
to, or contract with, directly or indirectly (whether individually or as a partner, officer, manager, employee, agent, representative, director, owner, trustee, or other investor of or in, whether as an independent contractor, consultant or advisor,
or as a sales representative or distributor of any kind) with respect to a Competitive Business; 
 (ii) solicit or encourage,
directly or indirectly and in any capacity, any employee of the Company to leave the employment of the Company; 
 (iii) employ
or solicit for employment, directly or indirectly and in any capacity, any person who was an employee of the Company during the 6-month period preceding the date of Employee’s termination from the Company, unless such employee was no longer
employed by the Company or its affiliates and is not subject to a non-competition or similar agreement in favor of the Company or its affiliates at the time of the solicitation and/or employment; and 

(iv) solicit or encourage, directly or indirectly and in any capacity, any individual consultant then under contract with the Company to
cease work with the Company; 
 (v) contact, directly or indirectly and in any capacity, any customer, supplier, contractor or
subcontractor or prospective customer, supplier, contractor or subcontractor of the Company or its affiliates (1) with whom Employee has had contact on behalf of the Company or its affiliates during the 12-month period preceding the date of
Employee’s termination, or (2) about whom Employee has obtained Confidential Information in connection with such Employee’s employment during such 12-month period, or (3) with whom employees reporting to Employee have had
personal contact or dealings on behalf of the Company during the 12-month period preceding the date of Employee’s termination, so as to cause or attempt to cause such customer, supplier, contractor or subcontractor or prospective customer,
supplier, contractor or subcontractor not to do business with or to reduce business with the Company or its affiliates or divert any business from the Company or its affiliates with respect to a Competitive Business. 

  
 5 

 Nothing contained in this Section 4.1 shall prohibit Employee from (x) acquiring, solely as an
investment and through market purchases, securities of any entity which is registered under Section 12(b) or 12(g) of the Securities and Exchange Act of 1934 and which are publicly traded, so long as Employee is not part of any control group of
such entity and such securities, including converted securities, do not constitute more than 1% of the outstanding voting power of that entity; or (y) rendering services to any company that derives less than 10% of its revenues from a
Competitive Business (a “Permitted Company”), if such services or employment relate solely to a business of the Permitted Company that is not in competition with a Competitive Business. 

Notwithstanding the foregoing, the restrictions set forth in Section 4.1(b)(i) shall not apply if the benefit amounts payable to Employee as a
Participant in the Kraton Performance Polymers, Inc. Executive Severance Program in the event of Employee’s termination of employment from the Company are materially reduced after the Effective Date. 

4.2 Reasonableness; Enforcement. 
 (a) Employee and the Company agree and acknowledge that the limitations as to time and scope of activity to be restrained as set forth in Section 4.1 hereof are reasonable in light of the nature and
geographic scope of the operations of the Company, Employee’s level of control over and/or contact with the Company’s business in all jurisdictions in which it is conducted, and the nature and amount of compensation, trade secrets and
Confidential Information that Employee is receiving in connection with the performance of Employee’s duties hereunder. Employee agrees and acknowledges that the restrictions set forth in Section 4.1 do not impose any greater restraint than
is necessary to protect the legitimate business interests of the Company, including its interest in developing and protecting its business goodwill and to ensure the protection of its and its affiliates’ technology and other Confidential
Information. Employee acknowledges that the duration of the covenants contained in this Article IV are the result of arm’s-length bargaining and that the consideration provided and promises made by the Company herein constitute an otherwise
enforceable agreement to which the terms of this Article IV are ancillary. 
 (b) Employee acknowledges and recognizes the highly
competitive nature of the businesses of the Company and agrees that competition by Employee in the manner and circumstances set forth in Section 4.1 in violation if this Article IV would cause irreparable injury to Employer and its affiliates;
and, therefore, the temporal and geographic scope of this Article IV is reasonable and necessary to prevent such injury. 
 (c)
It is specifically agreed that the period specified in Section 4.1 shall be computed by excluding from that computation any time during which Employee is in violation of any provision of Section 4.1. 

4.3 Modification of Restrictions. It is the desire and intent of the parties that the provisions of this Article IV be
enforced to the fullest extent permitted under applicable law, whether now or hereafter in effect. Therefore, if any of the aforesaid restrictions are found by a 

  
 6 

 
court of competent jurisdiction to be unreasonable, overly broad as to time, or otherwise unenforceable, the parties intend for the restrictions herein set forth to be modified by the court
making such determination so as to be reasonable and enforceable and, as so modified, to be fully enforced. By agreeing to this contractual modification prospectively at this time, the Company and Employee intend to make this provision enforceable
under the law or laws of all applicable jurisdictions so that the entire agreement not to compete and this Agreement as prospectively modified shall remain in full force and effect and shall not be rendered void or illegal. Such modification shall
not affect the payments made to Employee under this Agreement. 
 4.4 Notification of Restrictions to Third
Parties. (a) If during the Restrictive Period set forth in Section 4.1 above, Employee enters into an employment consulting or independent contractor relationship with any third party, Employee agrees to provide the Company with
written notice of Employee’s job responsibilities within five (5) business days of Employee’s acceptance of employment (or other relationship) (“Employment Notice”). The Employment Notice shall include (i) a description
of the duties and responsibilities of the proposed position, (ii) the identity of the employer(s) and whether the employer(s) is involved in a Completive Business, and (iii) the territory in which Employee will be working. If Employee
fails to timely provide the required Employment Notice, the parties agree and acknowledge that the Company is entitled to presume that Employee’s employment or other arrangement with a third party violates the terms of this Agreement and the
Company will be authorized to seek immediate injunctive relief as set forth herein. 
 (b) Employee agrees that the Company may
notify any person or entity employment or contracting with Employee or evidencing an intention of employing or contracting with Employee of the existence and provisions of this Agreement. 

ARTICLE V 
 MISCELLANEOUS 
 5.1 Absence of Restrictions. 

(a) Employee represents that: 
 (i) he does not have in his possession any written materials embodying information known or claimed to be the proprietary or confidential information of any other person, firm or corporation, including,
without limitation, any prior employer; 
 (ii) he does not have in his possession any written material of any kind which has
been removed from the premises of a former employer without the written consent of that employer; 
 (iii) to his knowledge, his
employment with the Company will not require him to use or disclose any proprietary or confidential information of any person, firm or corporation, and that he will not use or disclose any proprietary or confidential information of any other person,
firm or corporation; and 

  
 7 

 (iv) he will not disclose, in connection with his employment by the Company, information
obtained from any other person, firm or corporation, including, without limitation any former employer, which Employee knows or has reason to know is confidential or proprietary. 

(b) Employee represents and warrants that Employee knows of no reason that Employee cannot legally enter into this Agreement and perform
the services contemplated by this Agreement. Specifically, Employee represents and warrants that Employee is not a party to any agreement with a former employer containing any post-employment restrictions, noncompetition provisions or any other
restrictive covenants with respect to (i) the rendition of any personal services that Employee is expected to perform or conduct, (ii) the disclosure or use of any information which, directly or indirectly, relates to the business of the
Company or the services to be rendered by Employee, or (iii) any other obligation which would impact or restrict Employee’s employment by the Company or the performance of Employee’s duties. 

5.2 At-Will Employment. Employee acknowledges that the Employee may terminate Employee’s employment with the Company
or be terminated by the Company with or without cause and with or without notice at the option of the Employee or the Company. Employee understands that no supervisor, manager or representative other than the Company’s Chief Executive Officer
has any authority to enter into any agreements with Employee for employment for any specified time period or to make any oral or written promises or agreements contrary to this Section 5.2. Further, any agreement purporting to limit the at-will
nature of an employee’s employment with the Company entered into by the Chief Executive Officer shall not be enforceable unless it is in writing. [CURRENT EMPLOYEES: For the avoidance of doubt, as of the Effective Date, any prior written or
unwritten employment agreement between the Company and the Employee shall be deemed terminated and superseded by this Agreement, and shall thereafter be of no further force or effect.] 

5.3 Notices. For purposes of this Agreement, notices and all other communications provided for herein shall be in writing
and shall be deemed to have been duly given (a) when received if delivered personally or by courier, (b) on the date receipt is acknowledged if delivered by certified mail, postage prepaid, return receipt requested or (c) one day
after transmission if sent by facsimile transmission with confirmation of transmission, as follows: 
 If to Employee, addressed
to the most recent address of Employee set forth in the personnel records of the Company. 
  

			
	 If to the Company, addressed to:
	  	 Polymers Holdings LLC
 15710
John F. Kennedy Blvd.
 Suite 300

Houston, TX 77032
 Attention: Legal
Department

 or to such other address as either party may furnish to the other in writing in accordance herewith, except that notices
or changes of address shall be effective only upon receipt. 

  
 8 

 5.4 Remedies. Employee and the Company acknowledge that money damages would
not be sufficient remedy for any breach of Articles II, III or IV by Employee, and the Company or its affiliates shall be entitled to enforce the provisions of Article II, III or IV by specific performance and by temporary restraining order,
preliminary injunction or other equitable relief as remedies for such breach or any threatened breach. Such remedies shall not be deemed the exclusive remedies for a breach of Articles II, III or IV, but shall be in addition to all remedies
available at law or in equity, including the recovery of damages from Employee and Employee’s agents. 
 5.5
Applicable Law; Submission to Jurisdiction. 
 (a) This Agreement is entered into under, and shall be governed for
all purposes by, the laws of the State of Texas, without regard to conflicts of laws principles thereof. 
 (b) Each party hereto
expressly and irrevocably agrees: (a) that it waives any objection, and specifically consents, to venue in the Federal or State courts located in Houston, Texas, so that any action at law or in equity may be brought and maintained in any such
court; and (b) that service of process in any such action may be effected against such party in any manner permitted by applicable Federal Rules of Civil Procedure or Rules of the Courts of the State of Texas. In addition, each party hereto
expressly and irrevocably waives, in respect of any action brought in any Federal or State court located in Houston, Texas, or any resulting judgment, any objection, and hereby specifically consents, to the personal and subject matter jurisdiction
of any such court, and agrees not to seek to change the situs of such action or to assert that any other court in any other jurisdiction is a more suitable forum for the hearing and adjudication of any claim or dispute raised in such action.

 5.6 No Waiver. No failure by either party hereto at any time to give notice of any breach by the other party
of, or to require compliance with, any condition or provision of this Agreement shall be deemed a waiver of similar or dissimilar provisions or conditions at the same or at any prior or subsequent time. 

5.7 Severability. If a court of competent jurisdiction determines that any provision of this Agreement is invalid or
unenforceable, then the invalidity or unenforceability of that provision shall not affect the validity or enforceability of any other provision of this Agreement, and all other provisions shall remain in full force and effect. 

5.8 Counterparts. This Agreement may be executed in one or more counterparts, each of which shall be deemed to be an
original, but all of which together will constitute one and the same Agreement. 
 5.9 Headings. The Section
headings have been inserted for purposes of convenience and shall not be used for interpretive purposes. 
 5.10
Successors. This Agreement shall be binding upon and inure to the benefit of the Company, the Parent and their respective successors and assigns. The Company may also assign its rights and obligations under this Agreement to any entity
which, directly or indirectly, controls, is controlled by, or is under common control with, the Company and/or the Parent. The Employee may not assign the Employee’s rights or obligations under this Agreement to any individual or entity without
the written consent of the Company. 

  
 9 

 5.11 Survival. The provisions of this Agreement shall survive any termination
of Employee’s employment relationship with the Company. 
 5.12 Entire Agreement. This Agreement constitutes
the entire agreement of Employee and the Company or any Affiliate of the Company with regard to the subject matter hereof, and contains all the covenants, promises, representations, warranties and agreements between the parties with respect to
employment of Employee by the Company. Without limiting the scope of the preceding sentence, all understandings and agreements preceding the date of execution of this Agreement and relating to the subject matter hereof are hereby null and void and
of no further force and effect. 
 5.13 Modification; Waiver. Except as otherwise provided in Section 4.3,
any modification to or waiver of this Agreement shall be effective only if it is in writing and signed by the parties to this Agreement. 
 IN WITNESS WHEREOF, the parties hereto have executed this Agreement on the date first above written. 
  

			
	KRATON POLYMERS LLC
		
	By:	 	 
	Name:	 	 
	Title:	 	 

  

			
	POLYMER HOLDINGS LLC
		
	By:	 	 
	Name:	 	 
	Title:	 	 
	
	[EMPLOYEE]
	
	 

  
 10

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