Document:

EX-10.37

 Exhibit 10.37 
  

 
  
  

[DATE] 
 [RECIPIENT ADDRESS] 

Dear [DIRECTOR]: 
 Trinseo S.A. (the “Company” or
“Trinseo”) is pleased to offer you an opportunity to join the Board of Directors (the “Board”) of the Company and [COMMITTEE]. Your appointment will take effect [DATE]. This Letter Agreement outlines the terms of your
appointment. 
 In connection with your appointment as a member of the Board of Directors and as a member of the [COMMITTEE], you will be entitled to: 

 

	 	•	 	An annual Cash Retainer fee of $90,000, which will be paid quarterly. 

  

	 	•	 	[COMMITTEE RETAINER, IF APPLICABLE] 

  

	 	•	 	An annual Equity Retainer payable in the form of restricted stock units (“RSU’s”) equivalent to $90,000 in value, which will fully vest on the first anniversary of each respective grant date, subject to
your continued service as a member of the Board. The first grant of RSU’s will be made upon you joining the Board, and each subsequent year you will receive an annual grant of RSU’s at the time of the Company’s annual meeting of
stockholders. 

 The Company will reimburse you for all reasonable travel expenses that you incur in connection with your attendance at
meetings of the Board, and the [COMMITTEE], in accordance with the Company’s expense reimbursement policy as in effect from time to time. 
 In
addition, you will receive indemnification as a director of the Company as set forth in the Company’s certificate of incorporation and bylaws. 
 While
you serve on the Board of Directors of the Company, please notify the Company’s legal department of any conflicts of interests that may arise with respect to the Company. 

We hope that you will accept our offer to join the Company’s Board and [COMMITTEE], and indicate your agreement with these terms and accept this offer by
signing and dating this letter. 
 Yours very truly, 
  

  
 1000 Chesterbrook
Boulevard, Suite 300, Berwyn, PA 19312 

 

 
  
  

 

			
	 	 	 
	 Christopher Pappas,
	 	 Stephen Zide

	 President and CEO
	 	 Managing Director

 I have read and accept this offer to join the Trinseo S.A. Board of Directors: 

 

					
	 Director
	 		 	Date:

  

  
 1000 Chesterbrook
Boulevard, Suite 300, Berwyn, PA 19312EX-10.38

 Exhibit 10.38 
  

			
	 Name:
	  	[•]
	 Number of Restricted Stock Units subject to
Award:
	  	[•]
	 Date of Grant:
	  	[•]

 TRINSEO S.A. 

2014 OMNIBUS INCENTIVE PLAN 

RESTRICTED STOCK UNIT AGREEMENT (NON-EMPLOYEE
DIRECTORS) 
 This agreement (this “Agreement”) evidences an award (the “Award”) of
restricted stock units (the “Restricted Stock Units”) granted by Trinseo S.A. (the “Company”) to the undersigned (the “Grantee”) pursuant to the Trinseo S.A. 2014 Omnibus Incentive Plan (as amended
from time to time, the “Plan”), which is incorporated herein by reference. 
 1. Grant of Restricted Stock Units. On
the date of grant set forth above (the “Grant Date”) the Company granted to the Grantee an award consisting of the right to receive on the terms provided herein and in the Plan, one share of Stock with respect to each Restricted
Stock Unit forming part of the Award, in each case, subject to adjustment pursuant to Section 7(b) of the Plan in respect of transactions occurring after the date hereof. 

2. Meaning of Certain Terms. Except as otherwise defined herein, all capitalized terms used herein have the same meaning as in the
Plan. 
 3. Vesting, etc. The Award shall vest in full on the earlier of (a) the first anniversary of the Grant Date, subject to
the Grantee’s continued service as a member of the Board through such date, or (b) the termination of the Grantee’s service as a member of the Board as a result of his or her death. Except as provided in subsection (b), if the
Grantee’s service as a member of the Board ceases for any reason, the Award, to the extent not already vested will be automatically and immediately forfeited. 

4. Delivery of Stock. The Company shall, as soon as practicable upon the vesting of the Restricted Stock Units (but in no event later
than March 15 of the year following the year in which such Restricted Stock Units vest) effect delivery of the Stock with respect to such vested Restricted Stock Units to the Grantee (or, in the event of the Grantee’s death, to the person
to whom the Award has passed by will or the laws of descent and distribution). No Stock will be issued pursuant to this Award unless and until all legal requirements applicable to the issuance or transfer of such Stock have been complied with to the
satisfaction of the Administrator. 
 5. Dividends; Other Rights. The Award shall not be interpreted to bestow upon the Grantee any
equity interest or ownership in the Company or any Affiliate prior to the date on which the Company delivers shares of Stock to the Grantee (if any). The Grantee is not entitled to vote any shares of Stock by reason of the granting of this Award

 
or to receive or be credited with any dividends declared and payable on any share of Stock prior to the date on which any such share is delivered to the Grantee hereunder. The Grantee shall have
the rights of a shareholder only as to those shares of Stock, if any, that are actually delivered under this Award.  
 6.
Forfeiture; Recovery of Compensation. By accepting the Award the Grantee expressly acknowledges and agrees that his or her rights (and those of any permitted transferee) under the Award or to any Stock acquired under the Award or any proceeds
from the disposition thereof are subject to Section 6(a)(5) of the Plan (including any successor provision). Nothing in the preceding sentence shall be construed as limiting the general application of Section 10 of this Agreement. 

7. Nontransferability. Neither the Award nor the Restricted Stock Units may be transferred except at death in accordance with
Section 6(a)(3) of the Plan. 
 8. Certain Tax Matters. 

 

	 	(a)	The Grantee expressly acknowledges and agrees that he or she shall be responsible for satisfying and paying all taxes arising from or due in connection with the grant or vesting of the Restricted Stock Units and/or the
delivery of any Stock hereunder. The Company shall have no liability or obligation relating to the foregoing. 

  

	 	(b)	The Grantee expressly acknowledges that because this Award consists of an unfunded and unsecured promise by the Company to deliver Stock in the future, subject to the terms hereof, it is not possible to make a so-called
“83(b) election” with respect to the Award. 

 9. Effect on Service. Neither the grant of the Restricted
Stock Units, nor the delivery of Stock upon vesting of the Award, will give the Grantee any right to be retained in the service of the Company or any of its Affiliates, affect the right of the Company or any of its Affiliates to discharge or
discipline such Grantee at any time, or affect any right of such Grantee to terminate his or her service at any time. 
 10.
Acknowledgements. By accepting the Award, the Grantee agrees to be bound by, and agrees that the Award and the Restricted Stock Units are subject in all respects to, the terms of the Plan. The Grantee further acknowledges and agrees that
(i) this Agreement may be executed in two or more counterparts, each of which shall be an original and all of which together shall constitute one and the same instrument, (ii) this agreement may be executed and exchanged using facsimile,
portable document format (PDF) or electronic signature, which, in each case, shall constitute an original signature for all purposes hereunder and (iii) such signature by the Company will be binding against the Company and will create a legally
binding agreement when this Agreement is countersigned by the Grantee. 
 [Signature page follows.] 

  
 -2- 

 IN WITNESS WHEREOF, the Company has caused this Agreement to be executed by its duly authorized
officer. 
  

			
	 TRINSEO S.A.

		
		 	
	 By:
	 	 
	 Name:
	 	
	 Title:
	 	

 Dated: 
 Acknowledged and
Agreed: 
  

			
	 By
	 	 
		 	 [Grantee’s Name]

  
  

  
 [Signature Page to
Restricted Stock Unit Agreement]EX-10.39

 Exhibit 10.39 

Styron LLC 
 1000 Chesterbrook
Blvd, Suite 300 
 Berwyn, Pennsylvania 19312 

May 30, 2014 
 The Dow Chemical Company 

2030 Dow Center 
 Midland, Michigan 48674 

Attn: Executive Vice President and General Counsel 
  

	 	Re:	Latex JV Option Agreement 

 Gentlemen: 

Reference is made to (i) the Latex Joint Venture Option Agreement, dated as of June 17, 2010 (the “Latex JV Option
Agreement”), by and among The Dow Chemical Company, Styron LLC and Styron Holding B.V. (the “Parties”) and (ii) the letter agreement dated as of August 9, 2011 by and among the Parties amending certain provisions
of the Latex JV Option Agreement (the “Latex JV Amendment”, and together with the Latex JV Option Agreement, the “Latex JV Option Documents”). Capitalized terms used but not otherwise defined herein shall have the
meanings ascribed to them in the Latex JV Option Documents. 
 The undersigned hereby agree that (i) on the date hereof, the Styron
Parties shall, or shall cause one of their Affiliates to, pay to Dow US$32,500,000 by wire transfer of immediately available funds to the Dow bank account referenced below, and (ii) effective as of the time of receipt by Dow of such payment,
the Latex JV Option Documents, in consideration of such payment, will immediately and automatically be terminated. Upon such termination, the Latex JV Option Documents shall be void and of no further force and effect, and there shall be no liability
or obligation of any Party arising out of, under or resulting from, the Latex JV Option Documents. For avoidance of doubt, the exercise of the Option by Dow effective as of July 8, 2011 is hereby irrevocably withdrawn and cancelled as part of
the termination of the Latex JV Option Documents described herein, provided, however, that if the payment described above is not received by the close of business on June 2, 2014, Dow shall have the right to enforce such payment to Dow by the
Styron Parties. This letter agreement constitutes a legally binding agreement. The provisions of Article V (Miscellaneous) of the Latex JV Option Agreement are incorporated herein by reference and made a part of this letter agreement as if such
provisions were set forth herein. 
 Dow Bank Account: 

Bank Name: 
 ABA Number: 

SWIFT Code: 
 Name on Account:

 Account Number: 
 * * * 

 Page 2 
 The Dow
Chemical Company 
 Re: Latex JV Option Agreement 
  

					
	Sincerely,
	
	STYRON LLC
		
	By:	 	/s/ Christopher D. Pappas
		 	  
	 	
	 Name: Christopher D. Pappas

Title: President and Chief Executive Officer

	
	 STYRON HOLDING B.V.

			
	 By:
	 	/s/ W. Bosschieter	 	
		 	  
	 	
	 Name: W. Bosschieter

Title: Director

  

					
	Acknowledged and Agreed:
	
	THE DOW CHEMICAL COMPANY
			
	 By:
	 	/s/ Duncan A. Stuart	 	
		 	  
	 	
	 Name: Duncan A. Stuart

Title: Authorized Representative

  

					
	 cc:
	 		 	
		 	Shearman & Sterling LLP	 	Kirkland & Ellis LLP
		 	599 Lexington Avenue	 	601 Lexington Avenue
		 	New York, NY 10022-6069	 	New York, NY 10022
		 	Attention: George A. Casey, Esq.	 	Attention: Eunu Chun, Esq.
			
		 	Bain Capital Partners, LLC	 	
		 	590 Madison Avenue, 42nd Floor	 	
		 	New York, NY 10022	 	
		 	Attention: Stephen M. Zide

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