Document:

EX-10.6

 

Exhibit 10.6

Celanese Corporation

Deferred Compensation Plan

Master Plan Document

Adopted December 7, 2007

Effective with respect to amounts

deferred on or after January 1, 2008

 

Celanese Corporation

Deferred Compensation Plan

Master Plan Document

TABLE OF CONTENTS

	 	 	 	 	 
	 	 	Page	 
	ARTICLE 1 Definitions
	 	 	1	 
	 
	 	 	 	 
	ARTICLE 2 Selection, Enrollment, Eligibility
	 	 	7	 
	 
	 	 	 	 
	2.1 Selection by Committee
	 	 	7	 
	2.2 Enrollment and Eligibility Requirements; Commencement of Participation
	 	 	7	 
	 
	 	 	 	 
	ARTICLE 3 Deferral Commitments/Restricted Stock Unit Amounts/Company Contribution
	 	 	8	 
	Amounts/Company Restoration Matching Amounts/Vesting/Crediting/Taxes
	 	 	 	 
	 
	 	 	 	 
	3.1 Maximum Deferral
	 	 	8	 
	3.2 Timing of Deferral Elections; Effect of Election Form
	 	 	9	 
	3.3 Withholding and Crediting of Annual Deferral Amounts
	 	 	10	 
	3.4 Restricted Stock Unit Amounts
	 	 	10	 
	3.5 Company Contribution Amount
	 	 	11	 
	3.6 Company Restoration Matching Amount
	 	 	11	 
	3.7 Vesting
	 	 	12	 
	3.8 Crediting/Debiting of Account Balances
	 	 	13	 
	3.9 FICA and Other Taxes
	 	 	15	 
	 
	 	 	 	 
	ARTICLE 4 Scheduled Distributions
	 	 	16	 
	 
	 	 	 	 
	4.1 Scheduled Distributions
	 	 	16	 
	4.2 Postponing Scheduled Distributions
	 	 	16	 
	4.3 Other Benefits Take Precedence Over Scheduled Distributions
	 	 	17	 
	4.4 Unforeseeable Emergencies
	 	 	17	 
	 
	 	 	 	 
	ARTICLE 5 Change In Control Benefit
	 	 	17	 
	 
	 	 	 	 
	5.1 Change in Control Benefit
	 	 	17	 
	5.2 Payment of Change in Control Benefit
	 	 	18	 
	 
	 	 	 	 
	ARTICLE 6 Retirement Benefit
	 	 	18	 
	 
	 	 	 	 
	6.1 Retirement Benefit
	 	 	18	 
	6.2 Payment of Retirement Benefit
	 	 	18	 
	 
	 	 	 	 
	ARTICLE 7 Termination Benefit
	 	 	19	 
	 
	 	 	 	 
	7.1 Termination Benefit
	 	 	19	 
	7.2 Payment of Termination Benefit
	 	 	19	 
	 
	 	 	 	 
	ARTICLE 8 Disability Benefit
	 	 	19	 

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Deferred Compensation Plan

Master Plan Document

	 	 	 	 	 
	8.1 Disability Benefit
	 	 	19	 
	8.2 Payment of Disability Benefit
	 	 	20	 
	 
	 	 	 	 
	ARTICLE 9 Death Benefit
	 	 	20	 
	 
	 	 	 	 
	9.1 Death Benefit
	 	 	20	 
	9.2 Payment of Death Benefit
	 	 	20	 
	 
	 	 	 	 
	ARTICLE 10 Beneficiary Designation
	 	 	20	 
	 
	 	 	 	 
	10.1 Beneficiary
	 	 	20	 
	10.2 Beneficiary Designation; Change; Spousal Consent
	 	 	20	 
	10.3 Acknowledgement
	 	 	20	 
	10.4 No Beneficiary Designation
	 	 	20	 
	10.5 Doubt as to Beneficiary
	 	 	21	 
	10.6 Discharge of Obligations
	 	 	21	 
	 
	 	 	 	 
	ARTICLE 11 Leave of Absence
	 	 	21	 
	 
	 	 	 	 
	11.1 Paid Leave of Absence
	 	 	21	 
	11.2 Unpaid Leave of Absence
	 	 	21	 
	 
	 	 	 	 
	ARTICLE 12 Termination of Plan, Amendment or Modification
	 	 	21	 
	 
	 	 	 	 
	12.1 Termination of Plan
	 	 	21	 
	12.2 Amendment
	 	 	22	 
	12.3 Plan Agreement
	 	 	22	 
	12.4 Effect of Payment
	 	 	22	 
	 
	 	 	 	 
	ARTICLE 13 Administration
	 	 	22	 
	 
	 	 	 	 
	13.1 Committee Duties
	 	 	22	 
	13.2 Administration Upon Change In Control
	 	 	22	 
	13.3 Agents
	 	 	23	 
	13.4 Binding Effect of Decisions
	 	 	23	 
	13.5 Indemnity of Committee
	 	 	23	 
	13.6 Employer Information
	 	 	23	 
	 
	 	 	 	 
	ARTICLE 14 Other Benefits and Agreements
	 	 	23	 
	 
	 	 	 	 
	14.1 Coordination with Other Benefits
	 	 	23	 
	 
	 	 	 	 
	ARTICLE 15 Claims Procedures
	 	 	23	 
	 
	 	 	 	 
	15.1 Presentation of Claim
	 	 	23	 
	15.2 Notification of Decision
	 	 	24	 
	15.3 Review of a Denied Claim
	 	 	24	 

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	15.4 Decision on Review
	 	 	24	 
	15.5 Legal Action
	 	 	25	 
	 
	 	 	 	 
	ARTICLE 16 Trust
	 	 	25	 
	 
	 	 	 	 
	16.1 Establishment of the Trust
	 	 	25	 
	16.2 Interrelationship of the Plan and the Trust
	 	 	25	 
	16.3 Distributions From the Trust
	 	 	25	 
	 
	 	 	 	 
	ARTICLE 17 Miscellaneous
	 	 	25	 
	 
	 	 	 	 
	17.1 Status of Plan
	 	 	25	 
	17.2 Unsecured General Creditor
	 	 	26	 
	17.3 Employer’s Liability
	 	 	26	 
	17.4 Nonassignability
	 	 	26	 
	17.5 Not a Contract of Employment
	 	 	26	 
	17.6 Furnishing Information
	 	 	26	 
	17.7 Terms
	 	 	26	 
	17.8 Captions
	 	 	26	 
	17.9 Governing Law
	 	 	27	 
	17.10 Notice
	 	 	27	 
	17.11 Successors
	 	 	27	 
	17.12 Spouse’s Interest
	 	 	27	 
	17.13 Validity
	 	 	27	 
	17.14 Incompetent
	 	 	27	 
	17.15 Domestic Relations Orders
	 	 	27	 
	17.16 Distribution in the Event of Income Inclusion Under Code Section 409A
	 	 	28	 
	17.17 Deduction Limitation on Benefit Payments
	 	 	28	 

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Celanese Corporation

Deferred Compensation Plan

Master Plan Document

Purpose

     The purpose of this Plan is to provide specified benefits to Directors and a select group of
management or highly compensated Employees who contribute materially to the continued growth,
development and future business success of Celanese Corporation, a Delaware corporation, and its
subsidiaries, if any, that sponsor this Plan. This Plan shall be unfunded for tax purposes and for
purposes of Title I of ERISA.

     This Plan is intended to comply with all applicable law, including Code Section 409A and
related Treasury guidance and Regulations, and shall be operated and interpreted in accordance with
this intention.

ARTICLE 1

Definitions

     For the purposes of this Plan, unless otherwise clearly apparent from the context, the
following phrases or terms shall have the following indicated meanings:

	1.1	 	“2004 Equity Plan” shall mean the Celanese Corporation 2004 Stock Incentive Plan or any
successor plan.
	 
	1.2	 	“Account Balance” shall mean, with respect to a Participant, an entry on the records of the
Company equal to the sum of the Participant’s Annual Accounts. The Account Balance shall be a
bookkeeping entry only and shall be utilized solely as a device for the measurement and
determination of the amounts to be paid to a Participant, or his or her designated
Beneficiary, pursuant to this Plan.
	 
	 	 	If a Participant is both an Employee and a Director and participates in the Plan in each
capacity, then separate Account Balances (and separate Annual Accounts, if applicable) shall
be established for such Participant as a device for the measurement and determination of the
(a) amounts deferred under the Plan that are attributable to the Participant’s status as an
Employee, and (b) amounts deferred under the Plan that are attributable to the Participant’s
status as a Director.
	 
	1.3	 	“Annual Account” shall mean, with respect to a Participant, an entry on the records of the
Company equal to (a) the sum of the Participant’s Annual Deferral Amount, Company Contribution
Amount, Company Restoration Matching Amount and Restricted Stock Unit Amount for any one Plan
Year, plus (b) amounts credited or debited to such amounts pursuant to this Plan, less (c) all
distributions made to the Participant or his or her Beneficiary pursuant to this Plan that
relate to the Annual Account for such Plan Year. The Annual Account shall be a bookkeeping
entry only and shall be utilized solely as a device for the measurement and determination of
the amounts to be paid to a Participant, or his or her designated Beneficiary, pursuant to
this Plan.
	 
	1.4	 	“Annual Deferral Amount” shall mean that portion of a Participant’s Base Salary, Bonus, and
Director Fees and that a Participant defers in accordance with Article 3 for any one Plan
Year, without regard to whether such amounts are withheld and credited during such Plan Year.

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	1.5	 	“Annual Installment Method” shall mean the method used to determine the amount of each
payment due to a Participant who has elected to receive a benefit over a period of years in
accordance with the applicable provisions of the Plan. The amount of each annual payment due
to the Participant shall be calculated by multiplying the balance of the Participant’s benefit
by a fraction, the numerator of which is one and the denominator of which is the remaining
number of annual payments due to the Participant. The amount of the first annual payment
shall be calculated as of the close of business on or around the Participant’s Benefit
Distribution Date, and the amount of each subsequent annual payment shall be calculated on or
around each anniversary of such Benefit Distribution Date. For purposes of this Plan, the
right to receive a benefit payment in annual installments shall be treated as the entitlement
to a single payment.
	 
	1.6	 	“Base Salary” shall mean the annual cash compensation relating to services performed during
any calendar year, excluding distributions from nonqualified deferred compensation plans,
bonuses, commissions, overtime, fringe benefits, stock options, relocation expenses, incentive
payments, non-monetary awards, director fees and other fees, and automobile and other
allowances paid to a Participant for employment services rendered (whether or not such
allowances are included in the Employee’s gross income). Base Salary shall be calculated
before reduction for compensation voluntarily deferred or contributed by the Participant
pursuant to all qualified or nonqualified plans of any Employer and shall be calculated to
include amounts not otherwise included in the Participant’s gross income under Code Sections
125, 402(e)(3), 402(h), or 403(b) pursuant to plans established by any Employer; provided,
however, that all such amounts will be included in compensation only to the extent that had
there been no such plan, the amount would have been payable in cash to the Employee.
	 
	1.7	 	“Beneficiary” shall mean one or more persons, trusts, estates or other entities, designated
in accordance with Article 10, that are entitled to receive benefits under this Plan upon the
death of a Participant.
	 
	1.8	 	“Beneficiary Designation Form” shall mean the form established from time to time by the
Committee that a Participant completes, signs and returns to the Committee to designate one or
more Beneficiaries.
	 
	1.9	 	“Benefit Distribution Date” shall mean the date upon which all or an objectively determinable
portion of a Participant’s vested benefits will become eligible for distribution. Except as
otherwise provided in the Plan, a Participant’s Benefit Distribution Date shall be determined
based on the earliest to occur of an event or scheduled date set forth in Articles 4 through
9, as applicable.
	 
	1.10	 	“Board” shall mean the board of directors of the Company.
	 
	1.11	 	“Bonus” shall mean any compensation, in addition to Base Salary, earned by a Participant
under any Employer’s annual bonus and cash incentive plans.
	 
	1.12	 	“Change in Control” shall mean the occurrence of a “change in the ownership,” a “change in
the effective control” or a “change in the ownership of a substantial portion of the assets”
of a corporation, as determined in accordance with this Section.
	 
	 	 	In order for an event described below to constitute a Change in Control with respect to a
Participant, except as otherwise provided in part (b)(ii) of this Section, the applicable
event must relate to the Company or the Employer of the Participant, as identified by the
Committee in

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	 	 	accordance with Treas. Reg. §1.409A-3(i)(5)(ii)(A)(2), or such other corporation identified by the Committee in
accordance with Treas. Reg. §1.409A-3(i)(5)(ii)(A)(3).
	 
	 	 	In determining whether an event shall be considered a “change in the ownership,” a “change
in the effective control” or a “change in the ownership of a substantial portion of the
assets” of a corporation, the following provisions shall apply:

	 	(a)	 	A “change in the ownership” of the applicable corporation shall occur on the
date on which any one person, or more than one person acting as a group, acquires
ownership of stock of such corporation that, together with stock held by such person or
group, constitutes more than 50% of the total fair market value or total voting power
of the stock of such corporation, as determined in accordance with Treas. Reg.
§1.409A-3(i)(5)(v). If a person or group is considered either to own more than 50% of
the total fair market value or total voting power of the stock of such corporation, or
to have effective control of such corporation within the meaning of part (b) of this
Section, and such person or group acquires additional stock of such corporation, the
acquisition of additional stock by such person or group shall not be considered to
cause a “change in the ownership” of such corporation.
	 
	 	(b)	 	A “change in the effective control” of the applicable corporation shall occur
on either of the following dates:

	 	(i)	 	The date on which any one person, or more than one person acting
as a group, acquires (or has acquired during the 12-month period ending on the
date of the most recent acquisition by such person or persons) ownership of
stock of such corporation possessing 30% or more of the total voting power of
the stock of such corporation, as determined in accordance with Treas. Reg.
§1.409A-3(i)(5)(vi). If a person or group is considered to possess 30% or more
of the total voting power of the stock of a corporation, and such person or
group acquires additional stock of such corporation, the acquisition of
additional stock by such person or group shall not be considered to cause a
“change in the effective control” of such corporation; or
	 
	 	(ii)	 	The date on which a majority of the members of the applicable
corporation’s board of directors is replaced during any 12-month period by
directors whose appointment or election is not endorsed by a majority of the
members of such corporation’s board of directors before the date of the
appointment or election, as determined in accordance with Treas. Reg.
§1.409A-3(i)(5)(vi). In determining whether the event described in the
preceding sentence has occurred, the applicable corporation to which the event
must relate shall only include a corporation
identified in accordance with Treas. Reg. §1.409A-3(i)(5)(ii) for which no
other corporation is a majority shareholder.

	 	(c)	 	A “change in the ownership of a substantial portion of the assets” of the
applicable corporation shall occur on the date on which any one person, or more than
one person acting as a group, acquires (or has acquired during the 12-month period
ending on the date of the most recent acquisition by such person or persons) assets
from the corporation that have a total gross fair market value equal to or more than
40% of the total gross fair market value of all of the assets of the corporation
immediately before such acquisition or

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Master Plan Document

	 	 	 	acquisitions, as determined in accordance with Treas. Reg. §1.409A-3(i)(5)(vii). A transfer of assets
shall not be treated as a “change in the ownership of a substantial portion of the assets” when such transfer is
made to an entity that is controlled by the shareholders of the transferor corporation,
as determined in accordance with Treas. Reg. §1.409A-3(i)(5)(vii)(B).

	1.13	 	“Code” shall mean the Internal Revenue Code of 1986, as it may be amended from time to time.
	 
	1.14	 	“Committee” shall mean the committee described in Article 13.
	 
	1.15	 	“Company” shall mean Celanese Corporation, a Delaware corporation, and any successor to all
or substantially all of the Company’s assets or business.
	 
	1.16	 	“Company Contribution Amount” shall mean, for any one Plan Year, the amount determined in
accordance with Section 3.5.
	 
	1.17	 	“Company Restoration Matching Amount” shall mean, for any one Plan Year, the amount
determined in accordance with Section 3.6.
	 
	1.18	 	“Director” shall mean any member of the board of directors of any Employer.
	 
	1.19	 	“Director Fees” shall mean the annual fees payable in cash that are earned by a Director from
any Employer, including retainer fees and meetings fees, as compensation for serving on the
board of directors.
	 
	1.20	 	“Disability” or “Disabled” shall mean that a Participant is either (a) unable to engage in
any substantial gainful activity by reason of any medically determinable physical or mental
impairment that can be expected to result in death or can be expected to last for a continuous
period of not less than 12 months, or (b) by reason of any medically determinable physical or
mental impairment that can be expected to result in death or can be expected to last for a
continuous period of not less than 12 months, receiving income replacement benefits for a
period of not less than 3 months under an accident and health plan covering employees of the
Participant’s Employer. For purposes of this Plan, a Participant shall be deemed Disabled if
determined to be totally disabled by the Social Security Administration. A Participant shall
also be deemed Disabled if determined to be disabled in accordance with the applicable
disability insurance program of such Participant’s Employer, provided that the definition of
“disability” applied under such disability insurance program complies with the requirements of
this Section.
	 
	1.21	 	“Election Form” shall mean the form, which may be in electronic format, established from time
to time by the Committee that a Participant completes, signs and returns to the Committee to
make an election under the Plan.
	 
	1.22	 	“Employee” shall mean a person who is an employee of an Employer.
	 
	1.23	 	“Employer(s)” shall be defined as follows:

	 	(a)	 	Except as otherwise provided in part (b) of this Section, the term “Employer”
shall mean the Company and/or any of its subsidiaries (now in existence or hereafter
formed or acquired) that have been selected by the Board to participate in the Plan and
have adopted the Plan as a sponsor.
	 
	 	(b)	 	For the purpose of determining whether a Participant has experienced a
Separation from Service, the term “Employer” shall mean:

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	 	(i)	 	The entity for which the Participant performs services and with
respect to which the legally binding right to compensation deferred or
contributed under this Plan arises; and
	 
	 	(ii)	 	All other entities with which the entity described above would be
aggregated and treated as a single employer under Code Section 414(b)
(controlled group of corporations) and Code Section 414(c) (a group of trades or
businesses, whether or not incorporated, under common control), as applicable.
In order to identify the group of entities described in the preceding sentence,
the Committee shall use an ownership threshold of at least 50% as a substitute
for the 80% minimum ownership threshold that appears in, and otherwise must be
used when applying, the applicable provisions of (A) Code Section 1563 for
determining a controlled group of corporations under Code Section 414(b), and
(B) Treas. Reg. §1.414(c)-2 for determining the trades or businesses that are
under common control under Code Section 414(c).

	1.24	 	“ERISA” shall mean the Employee Retirement Income Security Act of 1974, as it may be amended
from time to time.
	 
	1.25	 	“401(k) Plan” shall mean, with respect to an Employer, a plan qualified under Code Section
401(a) that contains a cash or deferral arrangement described in Code Section 401(k), adopted
by the Employer, as it may be amended from time to time, or any successor thereto.
	 
	1.26	 	“Participant” shall mean any Employee or Director (a) who is selected to participate in the
Plan, (b) whose executed Plan Agreement, Election Form and Beneficiary Designation Form are
accepted by the Committee, and (c) whose Plan Agreement has not terminated.
	 
	1.27	 	“Performance-Based Compensation” shall mean compensation the entitlement to or amount of
which is contingent on the satisfaction of pre-established organizational or individual
performance criteria relating to a performance period of at least 12 consecutive months, as
determined by the Committee in accordance with Treas. Reg. §1.409A-1(e).
	 
	1.28	 	“Plan” shall mean the Celanese Corporation Deferred Compensation Plan, which shall be
evidenced by this instrument, as it may be amended from time to time, and by any other
documents that together with this instrument define a Participant’s rights to amounts credited
to his or her Account Balance.
	 
	1.29	 	“Plan Agreement” shall mean a written agreement in the form prescribed by or acceptable to
the Committee that evidences a Participant’s agreement to the terms of the Plan and which may
establish additional terms or conditions of Plan participation for a Participant. Unless
otherwise determined by the Committee, the most recent Plan Agreement accepted with respect
to a Participant shall supersede any prior Plan Agreements for such Participant. Plan
Agreements may vary among Participants and may provide additional benefits not set forth in
the Plan or limit the benefits otherwise provided under the Plan.
	 
	1.30	 	“Plan Year” shall mean a period beginning on January 1 of each calendar year and continuing
through December 31 of such calendar year.
	 
	1.31	 	“Restricted Stock Unit Amount” shall mean, with respect to a Participant for any one Plan
Year, the amount of Restricted Stock Units deferred in accordance with this Plan, calculated
using the

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	 	 	closing price of Stock at the end of the business day closest to the date such
Restricted Stock Units would otherwise vest (and/or all restrictions on such Restricted Stock
Units would have lapsed), but for the election to defer. In the event of a Participant’s
Separation from Service, Disability, or death prior to the end of a Plan Year, such year’s
Restricted Stock Unit Amount shall be the actual amount withheld prior to such event provided
that if a Participant’s deferral election applies to any Restricted Stock Units that vest on
or after such event, such Restricted Stock Unit Amount shall be withheld and credited to the
Participant’s Account Balance if necessary to comply with Code Section 409A. The portion of a
Participant’s Account Balance attributable to Restricted Stock Unit Amounts, and the number of
additional units credited to a Participant’s Account Balance as a result of the deemed
reinvestment of dividends in accordance with this Plan, shall only be distributable in actual
shares of Stock.
	 
	1.32	 	“Restricted Stock Units” shall mean rights granted to a Participant to receive shares of
Stock, which (a) are awarded to the Participant under, and are subject to the terms and
conditions of, a Celanese Corporation stock incentive plan or director compensation program,
and (b) have been designated as eligible for deferral under this Plan by the Committee.
	 
	1.33	 	“Retirement,” “Retire(s)” or “Retired” shall mean with respect to a Participant who is an
Employee, a Separation from Service on or after the attainment of age 55 with 5 Years of
Service, and shall mean with respect to a Participant who is a Director, a Separation from
Service. If a Participant is both an Employee and a Director and participates in the Plan in
each capacity, (a) the determination of whether the Participant qualifies for Retirement as an
Employee shall be made when the Participant experiences a Separation from Service as an
Employee and such determination shall only apply to the applicable Account Balance established
in accordance with Section 1.2 for amounts deferred under the Plan as an Employee, and (b) the
determination of whether the Participant qualifies for Retirement as a Director shall be made
at the time the Participant experiences a Separation from Service as a Director and such
determination shall only apply to the applicable Account Balance established in accordance
with Section 1.2 for amounts deferred under the Plan as a Director.
	 
	1.34	 	“Separation from Service” shall mean a termination of the services provided by a Participant
to his or her Employer, whether voluntarily or involuntarily, other than by reason of death or
Disability, as determined by the Committee in accordance with Treas. Reg. §1.409A-1(h). For a
Participant who provides services to an Employer as an Employee, a Separation from Service
shall occur when such Participant has experienced a termination of employment with such
Employer. A Participant shall be considered to have experienced a termination of employment
when the facts and circumstances indicate that the Participant and his or her Employer
reasonably anticipate that either (i) no further services will be performed for the Employer after a
certain date, or (ii) that the level of bona fide services the Participant will perform for
the Employer after such date (whether as an Employee or as an independent contractor) will
permanently decrease to no more than 20% of the average level of bona fide services
performed by such Participant (whether as an Employee or an independent contractor) over the
immediately preceding 36-month period (or the full period of services to the Employer if the
Participant has been providing services to the Employer less than 36 months). If a
Participant is on military leave, sick leave, or other bona fide leave of absence, the
employment relationship between the Participant and the Employer shall be treated as
continuing intact, provided that the period of such leave does not exceed 6 months, or if
longer, so long as the Participant retains a right to

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	 	 	reemployment with the Employer under an applicable statute or by contract. If the period of a military leave, sick leave, or
other bona fide leave of absence exceeds 6 months and the Participant does not retain a
right to reemployment under an applicable statute or by contract, the employment
relationship shall be considered to be terminated for purposes of this Plan as of the first
day immediately following the end of such 6-month period. In applying the provisions of
this paragraph, a leave of absence shall be considered a bona fide leave of absence only if
there is a reasonable expectation that the Participant will return to perform services for
the Employer.
	 
	 	 	Notwithstanding the foregoing provisions, if a Participant provides services for an Employer
as both an Employee and as a Director, to the extent permitted by Treas. Reg.
§1.409A-1(h)(5) the services provided by such Participant as a Director shall not be taken
into account in determining whether the Participant has experienced a Separation from
Service as an Employee, and the services provided by such Participant as an Employee shall
not be taken into account in determining whether the Participant has experienced a
Separation from Service as a Director.
	 
	1.35	 	“Stock” shall mean Celanese Corporation Series A common stock, $0.0001 par value, or any
other equity securities of the Company designated by the Committee.
	 
	1.36	 	“Trust” shall mean one or more trusts established by the Company in accordance with Article
16.
	 
	1.37	 	“Unforeseeable Emergency” shall mean a severe financial hardship of the Participant resulting
from (a) an illness or accident of the Participant, the Participant’s spouse, the
Participant’s Beneficiary or the Participant’s dependent (as defined in Code Section 152
without regard to paragraphs (b)(1), (b)(2) and (d)(1)(b) thereof), (b) a loss of the
Participant’s property due to casualty, or (c) such other similar extraordinary and
unforeseeable circumstances arising as a result of events beyond the control of the
Participant, all as determined by the Committee based on the relevant facts and circumstances.
	 
	1.38	 	“Years of Service” shall mean the total number of full years in which a Participant has been
employed by one or more Employers. For purposes of this definition, a year of employment
shall be a 365 day period (or 366 day period in the case of a leap year) that, for the first
year of employment, commences on the Employee’s date of hiring and that, for any subsequent
year, commences on an anniversary of that hiring date. A partial year of employment shall not
be treated as a Year of Service.

ARTICLE 2

Selection, Enrollment, Eligibility

	2.1	 	Selection by Committee. Participation in the Plan shall be limited to Directors
and, as determined by the Committee in its sole discretion, a select group of management or
highly compensated Employees. From that group, the Committee shall select, in its sole
discretion, those individuals who may actually participate in this Plan.
	 
	2.2	 	Enrollment and Eligibility Requirements; Commencement of Participation.

	 	(a)	 	As a condition to participation, each Director or selected Employee shall
complete, execute and return to the Committee a Plan Agreement, an Election Form and a
Beneficiary Designation Form by the deadline(s) established by the Committee in
accordance with the applicable provisions of this Plan. In addition, the Committee
shall

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	 	 	 	establish from time to time such other enrollment requirements as it determines,
in its sole discretion, are necessary.
	 
	 	(b)	 	Each Director or selected Employee who is eligible to participate in the Plan
shall commence participation in the Plan on the date that the Committee determines that
the Director or Employee has met all enrollment requirements set forth in this Plan and
required by the Committee, including returning all required documents to the Committee
within the specified time period.
	 
	 	(c)	 	If a Director or an Employee fails to meet all requirements established by the
Committee within the period required, that Director or Employee shall not be eligible
to participate in the Plan during such Plan Year.

ARTICLE 3

Deferral Commitments/Restricted Stock Unit Amounts/Company Contribution Amounts/

Company Restoration Matching Amounts/Vesting/Crediting/Taxes

3.1 Maximum Deferral.

	 	(a)	 	Annual Deferral Amount. For each Plan Year, a Participant may elect to
defer, as his or her Annual Deferral Amount, Base Salary, Bonus and/or Director Fees up
to the following maximum percentages for each deferral elected:

	 	 	 	 	 
	Deferral	 	Maximum Percentage
	Base Salary
	 	 	75	%
	Bonus
	 	 	100	%
	Director Fees
	 	 	100	%

	 	(b)	 	Restricted Stock Unit Amount. For each Plan Year, a Participant may
elect to defer, as his or her Restricted Stock Unit Amount, up to the following maximum
percentage of Restricted Stock Units:

	 	 	 	 	 
	Deferral	 	Maximum Percentage	 
	Restricted Stock Units
	 	 	100	%

	 	(c)	 	Short Plan Year. Notwithstanding the foregoing, if a Participant first
becomes a Participant after the first day of a Plan Year, then to the extent required
by Section 3.2 and Code Section 409A and related Treasury Regulations, the maximum
amount of the Participant’s Base Salary, Bonus or Director Fees that may be deferred by
the Participant for the Plan Year shall be determined by applying the percentages set
forth in Section 3.1(a) to the portion of such compensation attributable to services
performed after the date that the Participant’s deferral election is made.

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	3.2	 	Timing of Deferral Elections; Effect of Election Form.  

	 	(a)	 	General Timing Rule for Deferral Elections. Except as otherwise
provided in this Section 3.2, in order for a Participant to make a valid election to
defer Base Salary, Bonus and/or Director Fees, the Participant must submit an Election
Form on or before the deadline established by the Committee, which in no event shall be
later than the December 31st preceding the Plan Year in which such
compensation will be earned; provided that for Annual Deferral Amounts relating to
certain compensation earned in the years ended December 31, 2007 and December 31, 2008,
the Committee may establish other deadlines in accordance with the requirements of Code
Section 409A and related Treasury Regulations.
	 
	 	 	 	Any deferral election made in accordance with this Section 3.2(a) shall be
irrevocable; provided, however, that if the Committee permits or requires
Participants to make a deferral election by the deadline described above for an
amount that qualifies as Performance-Based Compensation, the Committee may permit a
Participant to subsequently change his or her deferral election for such compensation
by submitting a new Election Form in accordance with Section 3.2(d) below.
	 
	 	(b)	 	Timing of Deferral Elections for Restricted Stock Units. For an
election to defer Restricted Stock Units to be valid, an Election Form must be
completed and signed by the Participant with respect to such Restricted Stock Units by
no later than (i) the end of the calendar year preceding the Plan Year during which
such Restricted Stock Units may be initially granted to the Participant under the terms
of the applicable Celanese Corporation stock incentive plan or director compensation
program, or (ii) such other deadline established by the Committee in accordance with
the requirements of Code Section 409A and related Treasury Regulations, including,
without limitation, such other deadline(s) as may be applicable under this Section 3.2.
All such elections to defer Restricted Stock Units shall be deemed to be modifications
of the vesting terms of the Restricted Stock Units being deferred.
	 
	 	(c)	 	Timing of Deferral Elections for Newly Eligible Plan Participants. A
Director or selected Employee who first becomes eligible to participate in the Plan on
or after the beginning of a Plan Year, as determined in accordance with Treas. Reg.
§1.409A-2(a)(7)(ii) and the “plan aggregation” rules provided in Treas. Reg.
§1.409A-1(c)(2), may be permitted to make an election to defer the portion of Base
Salary, Bonus, Director Fees and/or Restricted Stock Units attributable to services to
be performed after such election, provided that the Participant submits an Election
Form on or before the deadline established by the Committee, which in no event shall be
later than 30 days after the Participant first becomes eligible to participate in the
Plan.
	 
	 	 	 	If a deferral election made in accordance with this Section 3.2(c) relates to
compensation earned based upon a specified performance period, the amount eligible
for deferral shall be equal to (i) the total amount of compensation for the
performance period, multiplied by (ii) a fraction, the numerator of which is the
number of days remaining in the service period after the Participant’s deferral
election is made, and the denominator of which is the total number of days in the
performance period.

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	 	 	 	Any deferral election made in accordance with this Section 3.2(c) shall become
irrevocable no later than the 30th day after the date the Director or
selected Employee becomes eligible to participate in the Plan.
	 
	 	(d)	 	Timing of Deferral Elections for Performance-Based Compensation.
Subject to the limitations described below, the Committee may determine that an
irrevocable deferral election for an amount that qualifies as Performance-Based
Compensation may be made by submitting an Election Form on or before the deadline
established by the Committee, which in no event shall be later than 6 months before the
end of the performance period.
	 
	 	 	 	In order for a Participant to be eligible to make a deferral election for
Performance-Based Compensation in accordance with the deadline established pursuant
to this Section 3.2(d), the Participant must have performed services continuously
from the later of (i) the beginning of the performance period for such compensation,
or (ii) the date upon which the performance criteria for such compensation are
established, through the date upon which the Participant makes the deferral election
for such compensation. In no event shall a deferral election submitted under this
Section 3.2(d) be permitted to apply to any amount of Performance-Based Compensation
that has become readily ascertainable.
	 
	 	(e)	 	Timing Rule for Deferral of Compensation Subject to Risk of Forfeiture.
With respect to compensation (i) to which a Participant has a legally binding right to
payment in a subsequent year, and (ii) that is subject to a forfeiture condition
requiring the Participant’s continued services for a period of at least 12 months from
the date the Participant obtains the legally binding right, the Committee may determine
that an irrevocable deferral election for such compensation may be made by timely
delivering an Election Form to the Committee in accordance with its rules and
procedures, no later than the 30th day after the Participant obtains the
legally binding right to the compensation, provided that the election is made at least
12 months in advance of the earliest date at which the forfeiture condition could
lapse, as determined in accordance with Treas. Reg. §1.409A-2(a)(5).
	 
	 	 	 	Any deferral election(s) made in accordance with this Section 3.2(e) shall become
irrevocable no later than the 30th day after the Participant obtains the
legally binding right to the compensation subject to such deferral election(s).

	3.3	 	Withholding and Crediting of Annual Deferral Amounts. For each Plan Year,
the Base Salary portion of the Annual Deferral Amount shall be withheld from each regularly
scheduled Base Salary payroll in equal amounts, as adjusted from time to time for increases
and decreases in Base Salary. The Bonus and/or Director Fees portion of the Annual Deferral
Amount shall be withheld at the time the Bonus or Director Fees are or otherwise would be paid
to the Participant, whether or not this occurs during the Plan Year itself. Annual Deferral
Amounts shall be credited to the Participant’s Annual Account for such Plan Year at the time
such amounts would otherwise have been paid to the Participant. Annual Deferral Amounts shall
be withheld by the Participant’s Employer, which shall contribute such withheld amounts (less
any required withholding for employment taxes made pursuant to Section 3.9) to the Company.
	 
	3.4	 	Restricted Stock Unit Amounts. Subject to any terms and conditions imposed
by the Committee, a Participant may elect to defer Restricted Stock Units under the Plan,
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	 	 	shall be for that Participant the Restricted Stock Unit Amount for that Plan
Year. Any Restricted Stock Units deferred shall, at the time the Restricted Stock Units would
otherwise vest (and/or all restrictions on such Restricted Stock Units would have lapsed)
under the terms of the applicable Celanese Corporation stock incentive plan or director
compensation program, but for the election to defer, be reflected on the books of the Company
as an unfunded, unsecured promise to deliver to the Participant a specific number of actual
            shares of Stock in the future.
	 
	3.5	 	Company Contribution Amount.

	 	(a)	 	For each Plan Year, the Company may be required to credit amounts to a
Participant’s Annual Account in accordance with employment or other agreements entered
into between the Participant and the Employer, which amounts shall be part of the
Participant’s Company Contribution Amount for that Plan Year. Such amounts shall be
credited to the Participant’s Annual Account for the applicable Plan Year on the date
or dates prescribed by such agreements.
	 
	 	(b)	 	For each Plan Year, the Company, in its sole discretion, may, but is not
required to, credit any amount it desires to any Participant’s Annual Account under
this Plan, which amount shall be part of the Participant’s Company Contribution Amount
for that Plan Year. The amount so credited to a Participant may be smaller or larger
than the amount credited to any other Participant, and the amount credited to any
Participant for a Plan Year may be zero, even though one or more other Participants
receive a Company Contribution Amount for that Plan Year. The Company Contribution
Amount described in this Section 3.5(b), if any, shall be credited to the Participant’s
Annual Account for the applicable Plan Year on a date or dates to be determined by the
Committee.
	 
	 	(c)	 	If not otherwise specified in the Participant’s employment or other agreement
entered into between the Participant and the Employer, the amount (or the method or
formula for determining the amount) of a Participant’s Company Contribution Amount
shall be set forth in writing in one or more documents, which shall be deemed to be
incorporated into
this Plan in accordance with Section 1.28, no later than the date on which such
Company Contribution Amount is credited to the applicable Annual Account of the
Participant.

	3.6	 	Company Restoration Matching Amount. For each Plan Year, the Committee, in
its sole discretion, may, but is not required to, credit to a Participant’s Annual Account
under this Plan an amount determined by the Committee to make up for certain limits applicable
to the 401(k) Plan or other qualified plan for such Plan Year, as identified by the Committee,
or for such other purposes as determined by the Committee in its sole discretion, which amount
shall be the Participant’s Company Restoration Matching Amount for that Plan Year. The amount
so credited to a Participant under this Plan for any Plan Year (a) may be smaller or larger
than the amount credited to any other Participant, (b) may differ from the amount credited to
such Participant in the preceding Plan Year, and (c) may be zero, even though one or more
other Participants receive a Company Restoration Matching Amount for that Plan Year. The
Participant’s Company Restoration Matching Amount, if any, shall be credited to the
Participant’s Annual Account for the applicable Plan Year on a date or dates to be determined
by the Committee. The amount (or the method or formula for determining the amount) of a
Participant’s Company Restoration Matching Amount shall be set forth in writing in one or more
documents, which shall be deemed to be incorporated into this Plan in accordance with Section

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	 	 	1.28, no later than the date on which such Company Restoration Matching Amount is credited to
the applicable Annual Account of the Participant.

     3.7 Vesting.

	 	(a)	 	A Participant shall at all times be 100% vested in the portion of his or her
Account Balance attributable to Annual Deferral Amounts and Restricted Stock Unit
Amounts, plus amounts credited or debited on such amounts pursuant to Section 3.8.
	 
	 	(b)	 	A Participant shall be vested in the portion of his or her Account Balance
attributable to any Company Contribution Amounts, plus amounts credited or debited on
such amounts pursuant to Section 3.8, in accordance with the vesting schedule(s) set
forth in his or her Plan Agreement, employment agreement or any other agreement entered
into between the Participant and his or her Employer. If not addressed in any such
agreement, a Participant shall vest in each Company Contribution Amount on the
anniversary of the date on which such Company Contribution Amount was credited to the
Participant’s Account Balance, in accordance with the following schedule; provided,
however, that the Participant must be in the service of the Company on such
anniversary to receive vesting credit:

	 	 	 	 	 
	Time Elapsed Following Crediting of Company Contribution Amount	 	Vested Percentage
	Less than 1 year
	 	 	0	%
	1 year or more, but less than 2 years
	 	 	33	%
	2 years or more, but less than 3 years
	 	 	67	%
	3 years or more
	 	 	100	%

	 	 	 	A new vesting schedule shall apply to each Company Contribution Amount credited to
the Participant’s Account Balance.
	 
	 	(c)	 	A Participant shall be vested in the portion of his or her Account Balance
attributable to any Company Restoration Matching Amounts, plus amounts credited or
debited on such amounts pursuant to Section 3.8, only to the extent that the
Participant would be vested in such amounts under the provisions of the 401(k) Plan, as
determined by the Committee in its sole discretion.
	 
	 	(d)	 	Notwithstanding anything to the contrary contained in this Section 3.7, in the
event of a Change in Control, or upon a Participant’s Disability, Separation from
Service on or after qualifying for Retirement, or death prior to Separation from
Service, any amounts that are not vested in accordance with Sections 3.7(b) or 3.7(c)
above, shall immediately become 100% vested.
	 
	 	(e)	 	Notwithstanding subsection 3.7(d) above, the vesting schedules described in
Sections 3.7(b) or 3.7(c) above shall not be accelerated upon a Change in Control to
the extent that the Committee determines that such acceleration would cause the
deduction limitations of Section 280G of the Code to become effective. In the event of
such a determination, the Participant may request independent verification of the
Committee’s calculations with respect to the application of Section 280G. In such
case, the Committee must provide to the Participant within 90 days of such a request an
opinion from a nationally recognized

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	 	 	 	accounting firm selected by the Participant (the
“Accounting Firm”). The opinion shall state the Accounting Firm’s opinion that any
limitation in the vested percentage hereunder is necessary to avoid the limits of
Section 280G and contain supporting calculations. The cost of such opinion shall be
paid for by the Company.
	 
	 	(f)	 	Section 3.7(e) shall not prevent the acceleration of the vesting schedules
described in Sections 3.7(b) and 3.7(c) if such Participant is entitled to a “gross-up”
payment, to eliminate the effect of the Code section 4999 excise tax, pursuant to his
or her employment agreement or other agreement entered into between such Participant
and the Employer.

	3.8	 	Crediting/Debiting of Account Balances.  In accordance with, and subject to,
the rules and procedures that are established from time to time by the Committee, in its sole
discretion, amounts shall be credited or debited to a Participant’s Account Balance in
accordance with the following rules:

	 	(a)	 	Measurement Funds. Subject to the restrictions found in Section 3.8(c)
below, the Participant may elect one or more of the measurement funds selected by the
Committee, in its sole discretion, which are based on certain mutual funds (the
“Measurement Funds”), for the purpose of crediting or debiting additional amounts to
his or her Account Balance. The Committee may, but is not required to, maintain a
Participant’s Account Balance in accordance with such Participant’s Measurement Fund
elections. As necessary, the Committee may, in its sole discretion, discontinue,
substitute or add a Measurement Fund. Each such action will take effect as of the
first day of the first calendar quarter that begins at least 30 days after the day on
which the Committee gives Participants advance written notice of such change.
	 
	 	(b)	 	Election of Measurement Funds. Subject to the restrictions found in
Section 3.8(c) below, a Participant, in connection with his or her initial deferral
election in accordance
with Section 3.2 above, shall elect, on the Election Form, one or more Measurement
Fund(s) (as described in Section 3.8(a) above) to be used to determine the amounts to
be credited or debited to his or her Account Balance. If a Participant does not
elect any of the Measurement Funds as described in the previous sentence, the
Participant’s Account Balance shall automatically be allocated into the lowest-risk
Measurement Fund, as determined by the Committee, in its sole discretion. Subject to
the restrictions found in Section 3.8(c) below, the Participant may (but is not
required to) elect, by submitting an Election Form to the Committee that is accepted
by the Committee, to add or delete one or more Measurement Fund(s) to be used to
determine the amounts to be credited or debited to his or her Account Balance, or to
change the portion of his or her Account Balance allocated to each previously or
newly elected Measurement Fund. If an election is made in accordance with the
previous sentence, it shall apply as of the first business day deemed reasonably
practicable by the Committee, in its sole discretion, and shall continue thereafter
for each subsequent day in which the Participant participates in the Plan, unless
changed in accordance with the previous sentence. Notwithstanding the foregoing, the
Committee, in its sole discretion, may impose limitations on the frequency with which
one or more of the Measurement Funds elected in accordance with this Section 3.8(b)
may be added or deleted by such Participant; furthermore, the Committee, in its sole
discretion, may impose limitations on the frequency with which the Participant

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	 	 	 	may change the portion of his or her Account Balance allocated to each previously or
newly elected Measurement Fund.
	 
	 	(c)	 	Celanese Corporation Stock Unit Fund.

	 	(i)	 	A Participant’s Restricted Stock Unit Amounts will be
automatically and irrevocably allocated to the Celanese Corporation Stock Unit
Fund Measurement Fund. Participants may not select any other Measurement Fund
to be used to determine the amounts to be credited or debited to the portion of
their Account Balance attributable to Restricted Stock Unit Amounts. Such unit
amounts allocated to the Celanese Corporation Stock Unit Fund shall only be
distributable in actual shares of Stock. All shares so distributed shall be
deemed issued under the 2004 Equity Plan.
	 
	 	(ii)	 	Subject to the discretion of the Plan Committee, the
non-Restricted Stock Unit portion of a Participant’s Account Balance may be
allocated in and out of the Celanese Corporation Stock Unit Fund Measurement
Fund in accordance with the rules determined by the Plan Committee from time to
time. Distributions from this fund will be paid in cash.
	 
	 	(iii)	 	Any cash dividends that would have been payable on the Stock
credited to a Participant’s Account Balance shall be credited to the
Participant’s Account Balance in the form of additional shares of Stock and
shall automatically and irrevocably be deemed to be re-invested in the Celanese
Corporation Stock Unit Fund until such amounts are distributed to the
Participant, in the case of Restricted Stock Units, or reallocated out of the
fund, in the case of the other portion of the Participant’s Account Balance.
The Participant shall be entitled to be credited with dividend equivalents,
calculated as follows: on each date that a
cash dividend is paid by the Company, the Participant shall be credited with
an additional number of shares of Stock equal to the number of Shares (whole
or fractional) using the closing price of the Stock on such date with the
aggregate dollar amount of the cash dividend that would have been paid.
	 
	 	(iv)	 	The number of shares of Stock credited to the Participant’s
Account Balance may be adjusted by the Committee, in its sole discretion, to
prevent dilution or enlargement of Participants’ rights with respect to the
portion of his or her Account Balance allocated to the Celanese Corporation
Stock Unit Fund in the event of any reorganization, reclassification, stock
split, or other unusual corporate transaction or event which affects the value
of the Stock, provided that any such adjustment shall be made taking into
account any crediting of shares of Stock to the Participant under Section 3.8.
	 
	 	(v)	 	For purposes of this Section 3.8(c), the closing price of the
Stock shall be determined by the Committee in its sole discretion.

	 	(d)	 	Proportionate Allocation. In making any election described in Section
3.8(b) above, the Participant shall specify on the Election Form, in increments of one
percent (1%), the percentage of his or her Account Balance or Measurement Fund, as
applicable, to be allocated/reallocated.

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	 	(e)	 	Crediting or Debiting Method. The performance of each Measurement Fund
(either positive or negative) will be determined on a daily basis based on the manner
in which such Participant’s Account Balance has been hypothetically allocated among the
Measurement Funds by the Participant.
	 
	 	(f)	 	No Actual Investment. Notwithstanding any other provision of this Plan
that may be interpreted to the contrary, the Measurement Funds are to be used for
measurement purposes only, and a Participant’s election of any such Measurement Fund,
the allocation of his or her Account Balance thereto, the calculation of additional
amounts and the crediting or debiting of such amounts to a Participant’s Account
Balance shall not be considered or construed in any manner as an actual investment of
his or her Account Balance in any such Measurement Fund. In the event that the Company
or the Trustee (as that term is defined in the Trust), in its own discretion, decides
to invest funds in any or all of the investments on which the Measurement Funds are
based, no Participant shall have any rights in or to such investments themselves.
Without limiting the foregoing, a Participant’s Account Balance shall at all times be a
bookkeeping entry only and shall not represent any investment made on his or her behalf
by the Company or the Trust; the Participant shall at all times remain an unsecured
creditor of the Company.

	3.9	 	FICA and Other Taxes.

	 	(a)	 	Annual Deferral Amounts. For each Plan Year in which an Annual
Deferral Amount is being withheld from a Participant, the Participant’s Employer(s)
shall withhold from that portion of the Participant’s Base Salary and/or Bonus that is
not being deferred, in a manner determined by the Employer(s), the Participant’s share
of FICA and other employment taxes on such Annual Deferral Amount. If necessary, the
Committee may
reduce the Annual Deferral Amount for FICA taxes pursuant to Treas. Reg. §
1.409A-3(j)(4)(vi) in order to comply with this Section 3.9.
	 
	 	(b)	 	Company Restoration Matching Amounts and Company Contribution Amounts.
When a Participant becomes vested in a portion of his or her Account Balance
attributable to any Company Restoration Matching Amounts and/or Company Contribution
Amounts, the Participant’s Employer(s) shall withhold from that portion of the
Participant’s Base Salary and/or Bonus that is not deferred, in a manner determined by
the Employer(s), the Participant’s share of FICA and other employment taxes on such
amounts. If necessary, the Committee may reduce the vested portion of the
Participant’s Company Restoration Matching Amount or Company Contribution Amount, as
applicable, for FICA taxes pursuant to Treas. Reg. § 1.409A-3(j)(4)(vi) in order to
comply with this Section 3.9.
	 
	 	(c)	 	Restricted Stock Unit Amounts. For each Plan Year in which a
Restricted Stock Unit Amount is being first withheld from an Employee Participant, the
Participant’s Employer(s) shall withhold from that portion of the Participant’s
compensation that is not being deferred, in a manner determined by the Employer(s), the
Participant’s share of FICA and other employment taxes on such Restricted Stock Unit
Amount. If necessary, the Committee may reduce the Restricted Stock Unit Amount for
FICA taxes pursuant to Treas. Reg. § 1.409A-3(j)(4)(vi) in order to comply with this
Section 3.9.

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	 	(d)	 	Distributions. The Participant’s Employer(s), or the trustee of the
Trust, shall withhold from any payments made to a Participant under this Plan all
federal, state and local income, employment and other taxes required to be withheld by
the Employer(s), or the trustee of the Trust, in connection with such payments, in
amounts and in a manner to be determined in the sole discretion of the Employer(s) and
the trustee of the Trust.

ARTICLE 4

Scheduled Distribution; Unforeseeable Emergencies 

	4.1	 	Scheduled Distributions. In connection with each election to defer an
Annual Deferral Amount and/or Restricted Stock Unit Amount, a Participant may elect to receive
from the Company all or a portion of such Annual Deferral Amount and/or Restricted Stock Unit
Amount, plus amounts credited or debited on that amount pursuant to Section 3.8, in the form
of a lump sum payment, calculated as of the close of business on or around the Benefit
Distribution Date designated by the Participant in accordance with this Section (a “Scheduled
Distribution”). The Benefit Distribution Date for the amount subject to a Scheduled
Distribution election shall be the first day of any Plan Year designated by the Participant,
which may be no sooner than 2 Plan Years after the end of the Plan Year to which the
Participant’s deferral election relates, unless otherwise provided on an Election Form
approved by the Committee.
	 
	 	 	Subject to the other terms and conditions of this Plan, each Scheduled Distribution elected
shall be paid out during a 60 day period commencing immediately after the Benefit
Distribution Date. By way of example, if a Scheduled Distribution is elected for the Annual
Deferral Amount that is earned in the Plan Year commencing January 1, 2008, the earliest
Benefit Distribution Date that may be designated by a Participant would be January 1, 2011,
and the Scheduled Distribution
would be paid out during the 60 day period commencing immediately after such Benefit
Distribution Date.
	 
	4.2	 	Postponing Scheduled Distributions. A Participant may make a
one-time election to postpone a Scheduled Distribution described in Section 4.1 above,
and have such amount paid out during a 60 day period commencing immediately after an allowable
alternative Benefit Distribution Date designated in accordance with this Section 4.2. In
order to make such an election, the Participant must submit an Election Form to the Committee
in accordance with the following criteria:

	 	(a)	 	The election of the new Benefit Distribution Date shall have no effect until at
least 12 months after the date on which the election is made;
	 
	 	(b)	 	The new Benefit Distribution Date selected by the Participant for such
Scheduled Distribution must be the first day of a Plan Year that is no sooner than 5
years after the previously designated Benefit Distribution Date; and
	 
	 	(c)	 	The election must be made at least 12 months prior to the Participant’s
previously designated Benefit Distribution Date for such Scheduled Distribution.
	 
	 	 	 	For purposes of applying the provisions of this Section 4.2, a Participant’s election to
postpone a Scheduled Distribution shall not be considered to be made until the date on which
the election becomes irrevocable. Such an election shall become irrevocable no later than
the date that is 12

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	 	 	 	months prior to the Participant’s previously designated Benefit
Distribution Date for such Scheduled Distribution.
	 
	 	4.3	 	Other Benefits Take Precedence Over Scheduled Distributions.  Should an
event occur prior to any Benefit Distribution Date designated for a Scheduled Distribution
that would trigger a benefit under Section 4.4 or Articles 5 through 9, as applicable, all
amounts subject to a Scheduled Distribution election shall be paid in accordance with the
other applicable provisions of the Plan and not in accordance with Section 4.1 or 4.2.
	 
	 	4.4	 	Unforeseeable Emergencies. 

	 	(a)	 	If a Participant experiences an Unforeseeable Emergency prior to the occurrence
of a distribution event described in Section 4.1 or 4.2 or in Articles 5 through 9, as
applicable, the Participant may petition the Committee to receive a partial or full
payout from the Plan. The payout, if any, from the Plan shall not exceed the lesser of
(i) the Participant’s vested Account Balance, calculated as of the close of business on
or around the Benefit Distribution Date for such payout, as determined by the Committee
in accordance with provisions set forth below, or (ii) the amount necessary to satisfy
the Unforeseeable Emergency, plus amounts necessary to pay Federal, state, or local
income taxes or penalties reasonably anticipated as a result of the distribution. A
Participant shall not be eligible to receive a payout from the Plan to the extent that
the Unforeseeable Emergency is or may be relieved (A) through reimbursement or
compensation by insurance or otherwise, (B) by liquidation of the Participant’s assets,
to the extent the liquidation of such assets would not itself cause severe financial
hardship or (C) by cessation of deferrals under this Plan.
	 
	 	 	 	If the Committee, in its sole discretion, approves a Participant’s petition for
payout from the Plan, the Participant’s Benefit Distribution Date for such payout
shall be the date on which such Committee approval occurs and such payout shall be
distributed to the Participant in a lump sum no later than 60 days after such Benefit
Distribution Date. In addition, in the event of such approval the Participant’s
outstanding deferral elections under the Plan shall be cancelled.
	 
	 	(b)	 	A Participant’s deferral elections under this Plan shall also be cancelled to
the extent the Committee determines that such action is required for the Participant to
obtain a hardship distribution from an Employer’s 401(k) Plan pursuant to Treas. Reg.
§1.401(k)-1(d)(3).

ARTICLE 5

 Change in Control Benefit 

	5.1	 	Change in Control Benefit. A Participant, in connection with his or her
commencement of participation in the Plan, shall have an opportunity to irrevocably elect to
receive his or her Account Balance from the Company in the form of a lump sum payment in the
event that a Change in Control occurs prior to the Participant’s Separation from Service,
Disability or death (the “Change in Control Benefit”). The Benefit Distribution Date for the
Change in Control Benefit, if any, shall be the date on which the Change in Control occurs.

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	 	 	If a Participant elects not to receive a Change in Control Benefit, or fails to make an
election in connection with his or her commencement of participation in the Plan, the
Participant’s Account Balance shall be paid in accordance with the other applicable
provisions of the Plan.
	 
	5.2	 	Payment of Change in Control Benefit. The Change in Control Benefit, if any, shall
be calculated as of the close of business on or around the Participant’s Benefit Distribution
Date, as determined by the Committee, and paid to the Participant no later than 60 days after
the Participant’s Benefit Distribution Date.

ARTICLE 6

Retirement Benefit

	6.1	 	Retirement Benefit. If a Participant experiences a Separation from Service that
qualifies as a Retirement, the Participant shall be eligible to receive his or her vested
Account Balance in either a lump sum or annual installment payments, as elected by the
Participant in accordance with Section 6.2 (the “Retirement Benefit”).
	 
	 	 	A Participant’s Retirement Benefit shall be calculated as of the close of business on or
around the applicable Benefit Distribution Date for such benefit, which shall be:

	 	(a)	 	the first day after the end of the 6-month period immediately following the
date on which the Participant experiences such Separation from Service, if the
Participant initially elected to receive the Retirement Benefit in a lump sum; and
	 
	 	(b)	 	the later of (i) the first day after the end of the 6-month period
immediately following the date on which the Participant experiences such Separation
from Service or (ii) the January
1 following the date on which the Participant experiences such Separation from
Service, if the Participant initially elected to receive the Retirement Benefit in
annual installment payments;
	 
	 	(c)	 	provided, however, if a Participant changes the form of distribution
for the Retirement Benefit in accordance with Section 6.2(b), the Benefit Distribution
Date for the Retirement Benefit shall be determined in accordance with Section 6.2(b).

	6.2	 	Payment of Retirement Benefit.

	 	(a)	 	A Participant, in connection with his or her commencement of participation in
the Plan, shall elect on an Election Form to receive the Retirement Benefit in a lump
sum or pursuant to an Annual Installment Method of up to 15 years. If a Participant
does not make any election with respect to the payment of the Retirement Benefit, then
such Participant shall be deemed to have elected to receive the Retirement Benefit as a
lump sum.
	 
	 	(b)	 	A Participant may make one election to change the form of payment for
the Retirement Benefit by submitting an Election Form to the Committee in accordance
with the following criteria:

	 	(i)	 	The election shall not take effect until at least 12 months after
the date on which the election is made;

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	 	(ii)	 	The new Benefit Distribution Date for the Participant’s
Retirement Benefit shall be 5 years after the Benefit Distribution Date that
would otherwise have been applicable to such benefit; and
	 
	 	(iii)	 	The election must be made at least 12 months prior to the
Benefit Distribution Date that would otherwise have been applicable to the
Participant’s Retirement Benefit.
	 
	 	 	 	For purposes of applying the provisions of this Section 6.2(b), a Participant’s
election to change the form of payment for the Retirement Benefit shall not be
considered to be made until the date on which the election becomes irrevocable. Such
an election shall become irrevocable no later than the date that is 12 months prior
to the Benefit Distribution Date that would otherwise have been applicable to the
Participant’s Retirement Benefit. Subject to the requirements of this Section
6.2(b), the Election Form most recently accepted by the Committee that has become
effective shall govern the form of payout of the Participant’s Retirement Benefit.

	 	(c)	 	The lump sum payment shall be made, or installment payments shall commence, no
later than 60 days after the Participant’s Benefit Distribution Date. Remaining
installments, if any, shall be paid no later than 60 days after each anniversary of the
Participant’s Benefit Distribution Date.

ARTICLE 7

Termination Benefit

	7.1	 	Termination Benefit. If a Participant experiences a Separation from Service that
does not qualify as a Retirement, the Participant shall receive his or her vested Account
Balance in the form of a lump sum payment (the “Termination Benefit”). A Participant’s
Termination Benefit shall be calculated as of the close of business on or around the Benefit
Distribution Date for such benefit, which shall be the first day after the end of the 6-month
period immediately following the date on which the Participant experiences such Separation
from Service.
	 
	7.2	 	Payment of Termination Benefit. The Termination Benefit shall be paid to the
Participant no later than 60 days after the Participant’s Benefit Distribution Date.

ARTICLE 8

Disability Benefit

	8.1	 	Disability Benefit. If a Participant becomes Disabled prior to the occurrence of a
distribution event described in Articles 5 through 7, as applicable, the Participant shall
receive his or her Account Balance in the form of a lump sum payment (the “Disability
Benefit”). The Disability Benefit shall be calculated as of the close of business on or
around the Participant’s Benefit Distribution Date for such benefit, which shall be the date
on which the Committee is able to determine that the Participant is Disabled.

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	8.2	 	Payment of Disability Benefit. The Disability Benefit shall be paid to the
Participant no later than 60 days after the Participant’s Benefit Distribution Date.

ARTICLE 9

Death Benefit

	9.1	 	Death Benefit. In the event of a Participant’s death prior to the complete
distribution of his or her Account Balance, the Participant’s Beneficiary(ies) shall receive
the Participant’s unpaid Account Balance in a lump sum payment (the “Death Benefit”). The
Death Benefit shall be calculated as of the close of business on or around the Benefit
Distribution Date for such benefit, which shall be the date on which the Committee is provided
with proof that is satisfactory to the Committee of the Participant’s death.
	 
	9.2	 	Payment of Death Benefit. The Death Benefit shall be paid to the Participant’s
Beneficiary(ies) no later than 60 days after the Participant’s Benefit Distribution Date.

ARTICLE 10

Beneficiary Designation

	10.1	 	Beneficiary. Each Participant shall have the right, at any time, to designate his
or her Beneficiary(ies) (both primary as well as contingent) to receive any benefits payable
under the Plan to a beneficiary upon the death of a Participant. The Beneficiary designated
under this Plan
may be the same as or different from the Beneficiary designation under any other plan of an
Employer in which the Participant participates.
	 
	10.2	 	Beneficiary Designation; Change; Spousal Consent. A Participant shall designate his
or her Beneficiary by completing and signing the Beneficiary Designation Form, and returning
it to the Committee or its designated agent. A Participant shall have the right to change a
Beneficiary by completing, signing and otherwise complying with the terms of the Beneficiary
Designation Form and the Committee’s rules and procedures, as in effect from time to time. If
the Participant names someone other than his or her spouse as a Beneficiary, the Committee
may, in its sole discretion, determine that spousal consent is required to be provided in a
form designated by the Committee, executed by such Participant’s spouse and returned to the
Committee. Upon the acceptance by the Committee of a new Beneficiary Designation Form, all
Beneficiary designations previously filed shall be canceled. The Committee shall be entitled
to rely on the last Beneficiary Designation Form filed by the Participant and accepted by the
Committee prior to his or her death.
	 
	10.3	 	Acknowledgment. No designation or change in designation of a Beneficiary shall be
effective until received and acknowledged in writing by the Committee or its designated agent.
	 
	10.4	 	No Beneficiary Designation. If a Participant fails to designate a Beneficiary as
provided in Sections 10.1, 10.2 and 10.3 above or, if all designated Beneficiaries predecease
the Participant or die prior to complete distribution of the Participant’s benefits, then the
Participant’s designated Beneficiary shall be deemed to be his or her surviving spouse. If
the Participant has no surviving spouse, the benefits remaining under the Plan to be paid to a
Beneficiary shall be payable to the executor or personal representative of the Participant’s
estate.

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	10.5	 	Doubt as to Beneficiary. If the Committee has any doubt as to the proper
Beneficiary to receive payments pursuant to this Plan, the Committee shall have the right,
exercisable in its discretion, to cause the Participant’s Employer to withhold such payments
until this matter is resolved to the Committee’s satisfaction.
	 
	10.6	 	Discharge of Obligations. The payment of benefits under the Plan to a Beneficiary
shall fully and completely discharge all Employers and the Committee from all further
obligations under this Plan with respect to the Participant, and that Participant’s Plan
Agreement shall terminate upon such full payment of benefits.

ARTICLE 11

Leave of Absence

	11.1	 	Paid Leave of Absence. If a Participant is authorized by the Participant’s Employer
to take a paid leave of absence from the employment of the Employer, and such leave of absence
does not constitute a Separation from Service, (a) the Participant shall continue to be
considered eligible for the benefits provided under the Plan, and (b) the Annual Deferral
Amount shall continue to be withheld during such paid leave of absence in accordance with
Section 3.2.
	 
	11.2	 	Unpaid Leave of Absence. If a Participant is authorized by the Participant’s
Employer to take an unpaid leave of absence from the employment of the Employer for any
reason, and such leave of absence does not constitute a Separation from Service, such
Participant shall continue to be
eligible for the benefits provided under the Plan. During the unpaid leave of absence, the
Participant shall not be allowed to make any additional deferral elections. However, if the
Participant returns to employment, the Participant may elect to defer an Annual Deferral
Amount and/or Restricted Stock Unit Amount for the Plan Year following his or her return to
employment and for every Plan Year thereafter while a Participant in the Plan, provided such
deferral elections are otherwise allowed and an Election Form is delivered to and accepted
by the Committee for each such election in accordance with Section 3.2 above.

ARTICLE 12

Termination of Plan, Amendment or Modification

	12.1	 	Termination of Plan. Although each Employer anticipates that it will continue the
Plan for an indefinite period of time, there is no guarantee that any Employer will continue
the Plan or will not terminate the Plan at any time in the future. Accordingly, each Employer
reserves the right to terminate the Plan with respect to all of its Participants. In the
event of a Plan termination no new deferral elections shall be permitted for the affected
Participants and such Participants shall no longer be eligible to receive new company
contributions. However, after the Plan termination the Account Balances of such Participants
shall continue to be credited with Annual Deferral Amounts and Restricted Stock Unit Amounts
attributable to any deferral election that was in effect prior to the Plan termination to the
extent deemed necessary to comply with Code Section 409A and related Treasury Regulations, and
additional amounts shall continue to credited or debited to such Participants’ Account
Balances pursuant to Section 3.8. The Measurement Funds available to Participants following
the termination of the Plan shall be comparable in number and type to those Measurement Funds
available to Participants in the Plan Year

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	 	 	preceding the Plan Year in which the Plan
termination is effective. In addition, following a Plan termination, Participant Account
Balances shall remain in the Plan and shall not be distributed until such amounts become
eligible for distribution in accordance with the other applicable provisions of the Plan.
Notwithstanding the preceding sentence, to the extent permitted by Treas. Reg.
§1.409A-3(j)(4)(ix), the Company may provide that upon termination of the Plan by any
Employer, all Account Balances of the Participants shall be distributed, subject to and in
accordance with any rules established by the Company deemed necessary to comply with the
applicable requirements and limitations of Treas. Reg. §1.409A-3(j)(4)(ix).
	 
	12.2	 	Amendment. The Company may, at any time, amend or modify the Plan in whole or in
part with respect to any Employer. Notwithstanding the foregoing but subject to the
immediately following sentence, (a) no amendment or modification shall be effective to
decrease the value of a Participant’s vested Account Balance in existence at the time the
amendment or modification is made, and (b) no amendment or modification of this Section 12.2
or Section 13.2 of the Plan shall be effective. In the event any provision of the Plan would
cause the Plan to fail to satisfy Code Section 409A or the related Treasury guidance or
Regulations, such provision shall have no force and effect until amended by the Company to
comply with such requirements (which amendment may be retroactive to the extent permitted by
Code Section 409A or the related Treasury guidance or Regulations and may be made by the
Company without the consent of the affected Participants).
	 
	12.3	 	Plan Agreement. Despite the provisions of Sections 12.1, if a Participant’s Plan
Agreement contains benefits or limitations that are not in this Plan document, the Company may
only amend or terminate such benefits or limitations with the written consent of the
Participant.
	 
	12.4	 	Effect of Payment. The full payment of the Participant’s vested Account Balance in
accordance with the applicable provisions of the Plan shall completely discharge all
obligations to a Participant and his or her designated Beneficiaries under this Plan, and the
Participant’s Plan Agreement shall terminate.

ARTICLE 13

Administration

	13.1	 	Committee Duties. Except as otherwise provided in this Article 13, this Plan shall
be administered by a Committee, which shall consist of the Board, or such committee as the
Board shall appoint. Members of the Committee may be Participants under this Plan. The
Committee shall also have the discretion and authority to (a) make, amend, interpret, and
enforce all appropriate rules and regulations for the administration of this Plan, and
(b) decide or resolve any and all questions, including benefit entitlement determinations and
interpretations of this Plan, as may arise in connection with the Plan. Any individual
serving on the Committee who is a Participant shall not vote or act on any matter relating
solely to himself or herself. When making a determination or calculation, the Committee shall
be entitled to rely on information furnished by a Participant or the Company.
	 
	13.2	 	Administration Upon Change In Control. Within 120 days following a Change in
Control, the individuals who comprised the Committee immediately prior to the Change in
Control (whether or not such individuals are members of the Committee following the Change in
Control) may, by written consent of the majority of such individuals, appoint an independent
third party

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	 	 	administrator (the “Administrator”) to perform any or all of the Committee’s
duties described in Section 13.1 above, including without limitation, the power to determine
any questions arising in connection with the administration or interpretation of the Plan, and
the power to make benefit entitlement determinations. Upon and after the effective date of
such appointment, (a) the Company must pay all reasonable administrative expenses and fees of
the Administrator, and (b) the Administrator may only be terminated with the written consent
of the majority of Participants with an Account Balance in the Plan as of the date of such
proposed termination.
	 
	13.3	 	Agents. In the administration of this Plan, the Committee or the Administrator, as
applicable, may, from time to time, employ agents and delegate to them such administrative
duties as it sees fit (including acting through a duly appointed representative) and may from
time to time consult with counsel.
	 
	13.4	 	Binding Effect of Decisions. The decision or action of the Committee or
Administrator, as applicable, with respect to any question arising out of or in connection
with the administration, interpretation and application of the Plan and the rules and
regulations promulgated hereunder shall be final and conclusive and binding upon all persons
having any interest in the Plan.
	 
	13.5	 	Indemnity of Committee. All Employers shall indemnify and hold harmless the members
of the Committee, any Employee to whom the duties of the Committee may be delegated, and the
Administrator against any and all claims, losses, damages, expenses or liabilities arising
from any
action or failure to act with respect to this Plan, except in the case of willful misconduct
by the Committee, any of its members, any such Employee or the Administrator.
	 
	13.6	 	Employer Information. To enable the Committee and/or Administrator to perform its
functions, the Company and each Employer shall supply full and timely information to the
Committee and/or Administrator, as the case may be, on all matters relating to the Plan, the
Trust, the Participants and their Beneficiaries, the Account Balances of the Participants, the
compensation of its Participants, the date and circumstances of the Separation from Service,
Disability or death of its Participants, and such other pertinent information as the Committee
or Administrator may reasonably require.

ARTICLE 14

Other Benefits and Agreements

	14.1	 	Coordination with Other Benefits. The benefits provided for a Participant and
Participant’s Beneficiary under the Plan are in addition to any other benefits available to
such Participant under any other plan or program for employees of the Participant’s Employer.
The Plan shall supplement and shall not supersede, modify or amend any other such plan or
program except as may otherwise be expressly provided.

ARTICLE 15

Claims Procedures

	15.1	 	Presentation of Claim. Any Participant or Beneficiary of a deceased Participant
(such Participant or Beneficiary being referred to below as a “Claimant”) may deliver to the
Committee a written claim for a determination with respect to the amounts distributable to
such

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	 	 	Claimant from the Plan. If such a claim relates to the contents of a notice received by
the Claimant, the claim must be made within 60 days after such notice was received by the
Claimant. All other claims must be made within 180 days of the date on which the event that
caused the claim to arise occurred. The claim must state with particularity the determination
desired by the Claimant.
	 
	15.2	 	Notification of Decision. The Committee shall consider a Claimant’s claim within a
reasonable time, but no later than 90 days after receiving the claim. If the Committee
determines that special circumstances require an extension of time for processing the claim,
written notice of the extension shall be furnished to the Claimant prior to the termination of
the initial 90 day period. In no event shall such extension exceed a period of 90 days from
the end of the initial period. The extension notice shall indicate the special circumstances
requiring an extension of time and the date by which the Committee expects to render the
benefit determination. The Committee shall notify the Claimant in writing:

	 	(a)	 	that the Claimant’s requested determination has been made, and that the claim
has been allowed in full; or
	 
	 	(b)	 	that the Committee has reached a conclusion contrary, in whole or in part, to
the Claimant’s requested determination, and such notice must set forth in a manner
calculated to be understood by the Claimant:

	 	(i)	 	the specific reason(s) for the denial of the claim, or any part
of it;
	 
	 	(ii)	 	specific reference(s) to pertinent provisions of the Plan upon
which such denial was based;
	 
	 	(iii)	 	a description of any additional material or information
necessary for the Claimant to perfect the claim, and an explanation of why such
material or information is necessary;
	 
	 	(iv)	 	an explanation of the claim review procedure set forth in
Section 15.3 below; and
	 
	 	(v)	 	a statement of the Claimant’s right to bring a civil action under
ERISA Section 502(a) following an adverse benefit determination on review.

	15.3	 	Review of a Denied Claim. On or before 60 days after receiving a notice from the
Committee that a claim has been denied, in whole or in part, a Claimant (or the Claimant’s
duly authorized representative) may file with the Committee a written request for a review of
the denial of the claim. The Claimant (or the Claimant’s duly authorized representative):

	 	(a)	 	may, upon request and free of charge, have reasonable access to, and copies of,
all documents, records and other information relevant (as defined in applicable ERISA
regulations) to the claim for benefits;
	 
	 	(b)	 	may submit written comments or other documents; and/or
	 
	 	(c)	 	may request a hearing, which the Committee, in its sole discretion, may grant.

	15.4	 	Decision on Review. The Committee shall render its decision on review promptly, and
no later than 60 days after the Committee receives the Claimant’s written request for a review
of the denial of the claim. If the Committee determines that special circumstances require an
extension of time for processing the claim, written notice of the extension shall be furnished
to the

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	 	 	Claimant prior to the termination of the initial 60 day period. In no event shall such
extension exceed a period of 60 days from the end of the initial period. The extension notice
shall indicate the special circumstances requiring an extension of time and the date by which
the Committee expects to render the benefit determination. In rendering its decision, the
Committee shall take into account all comments, documents, records and other information
submitted by the Claimant relating to the claim, without regard to whether such information
was submitted or considered in the initial benefit determination. The decision must be
written in a manner calculated to be understood by the Claimant, and it must contain:

	 	(a)	 	specific reasons for the decision;
	 
	 	(b)	 	specific reference(s) to the pertinent Plan provisions upon which the decision
was based;
	 
	 	(c)	 	a statement that the Claimant is entitled to receive, upon request and free of
charge, reasonable access to and copies of, all documents, records and other
information relevant (as defined in applicable ERISA regulations) to the Claimant’s
claim for benefits; and
	 
	 	(d)	 	a statement of the Claimant’s right to bring a civil action under ERISA Section
502(a).

	15.5	 	Legal Action. A Claimant’s compliance with the foregoing provisions of this
Article 15 is a mandatory prerequisite to a Claimant’s right to commence any legal action with
respect to any claim for benefits under this Plan. 

ARTICLE 16

Trust

	16.1	 	Establishment of the Trust. In order to provide assets from which to fulfill its
obligations to the Participants and their Beneficiaries under the Plan, the Company may
establish a trust by a trust agreement with a third party, the trustee, to which the Company
and each Employer may, in their discretion, contribute cash or other property, including
securities issued by the Company, to provide for the benefit payments under the Plan (the
“Trust”).
	 
	16.2	 	Interrelationship of the Plan and the Trust. The provisions of the Plan and the
Plan Agreement shall govern the rights of a Participant to receive distributions pursuant to
the Plan. The provisions of the Trust shall govern the rights of the Employers, Participants
and the creditors of the Employers to the assets transferred to the Trust. Each Employer
shall at all times remain liable to carry out its obligations under the Plan.
	 
	16.3	 	Distributions From the Trust. The Company’s obligations under the Plan may be
satisfied with Trust assets distributed pursuant to the terms of the Trust, and any such
distribution shall reduce the Company’s obligations under this Plan.

ARTICLE 17

Miscellaneous

	17.1	 	Status of Plan. The Plan is intended to be a plan that is not qualified within the
meaning of Code Section 401(a) and that “is unfunded and is maintained by an employer
primarily for the purpose of providing deferred compensation for a select group of management
or highly compensated employees” within the meaning of ERISA Sections 201(2), 301(a)(3) and

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	 	 	401(a)(1). The Plan shall be administered and interpreted (a) to the extent possible in a
manner consistent with the intent described in the preceding sentence, and (b) in accordance
with Code Section 409A and related Treasury guidance and Regulations.
	 
	17.2	 	Unsecured General Creditor. Participants and their Beneficiaries, heirs, successors
and assigns shall have no legal or equitable rights, interests or claims in any property or
assets of the Company or any Employer. For purposes of the payment of benefits under this
Plan, any and all of the Company’s assets shall be, and remain, the general, unpledged
unrestricted assets of the Company. The Company’s obligation under the Plan shall be merely
that of an unfunded and unsecured promise to pay money in the future.
	 
	17.3	 	Employer’s Liability. The Company’s liability for the payment of benefits shall be
defined only by the Plan and the Plan Agreement, as entered into between the Company and a
Participant. The Company shall have no obligation to a Participant under the Plan except as
expressly provided in the Plan and his or her Plan Agreement. Employers under the Plan shall
have no obligations to pay any amounts under the Plan.
	 
	17.4	 	Nonassignability. Neither a Participant nor any other person shall have any right
to commute, sell, assign, transfer, pledge, anticipate, mortgage or otherwise encumber,
transfer, hypothecate, alienate or convey in advance of actual receipt, the amounts, if any,
payable hereunder, or any part thereof, which are, and all rights to which are expressly
declared to be, unassignable and non-transferable. No part of the amounts payable shall,
prior to actual payment, be subject to
seizure, attachment, garnishment or sequestration for the payment of any debts, judgments,
alimony or separate maintenance owed by a Participant or any other person, be transferable
by operation of law in the event of a Participant’s or any other person’s bankruptcy or
insolvency or be transferable to a spouse as a result of a property settlement or otherwise.
	 
	17.5	 	Not a Contract of Employment. The terms and conditions of this Plan shall not be
deemed to constitute a contract of employment between the Company or any Employer and the
Participant. Such employment is hereby acknowledged to be an “at will” employment
relationship that can be terminated at any time for any reason, or no reason, with or without
cause, and with or without notice, unless expressly provided in a written employment
agreement. Nothing in this Plan shall be deemed to give a Participant the right to be
retained in the service of any Employer, either as an Employee or a Director, or to interfere
with the right of any Employer to discipline or discharge the Participant at any time.
	 
	17.6	 	Furnishing Information. A Participant or his or her Beneficiary will cooperate with
the Committee by furnishing any and all information requested by the Committee and take such
other actions as may be requested in order to facilitate the administration of the Plan and
the payments of benefits hereunder, including but not limited to taking such physical
examinations as the Committee may deem necessary.
	 
	17.7	 	Terms. Whenever any words are used herein in the masculine, they shall be construed
as though they were in the feminine in all cases where they would so apply; and whenever any
words are used herein in the singular or in the plural, they shall be construed as though they
were used in the plural or the singular, as the case may be, in all cases where they would so
apply.
	 
	17.8	 	Captions. The captions of the articles, sections and paragraphs of this Plan are
for convenience only and shall not control or affect the meaning or construction of any of its
provisions.

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	17.9	 	Governing Law. Subject to ERISA, the provisions of this Plan shall be construed and
interpreted according to the internal laws of the State of Delaware without regard to its
conflicts of laws principles.
	 
	17.10	 	Notice. Any notice or filing required or permitted to be given to the Committee
under this Plan shall be sufficient if in writing and hand-delivered, or sent by registered or
certified mail, to the address below:

Celanese Corporation

Attn: General Counsel

1601 West Lyndon B. Johnson Freeway

Dallas, Texas 75234

	 	 	Such notice shall be deemed given as of the date of delivery or, if delivery is made by
mail, as of the date shown on the postmark on the receipt for registration or certification.
	 
	 	 	Any notice or filing required or permitted to be given to a Participant under this Plan
shall be sufficient if in writing and hand-delivered, or sent by mail, to the last known
address of the Participant.
	 
	17.11	 	Successors. The provisions of this Plan shall bind and inure to the benefit of the
Participant’s Employer and its successors and assigns and the Participant and the
Participant’s designated Beneficiaries.
	 
	17.12	 	Spouse’s Interest. The interest in the benefits hereunder of a spouse of a
Participant who has predeceased the Participant shall automatically pass to the Participant
and shall not be transferable by such spouse in any manner, including but not limited to such
spouse’s will, nor shall such interest pass under the laws of intestate succession.
	 
	17.13	 	Validity. In case any provision of this Plan shall be illegal or invalid for any
reason, said illegality or invalidity shall not affect the remaining parts hereof, but this
Plan shall be construed and enforced as if such illegal or invalid provision had never been
inserted herein.
	 
	17.14	 	Incompetent. If the Committee determines in its discretion that a benefit under
this Plan is to be paid to a minor, a person declared incompetent or to a person incapable of
handling the disposition of that person’s property, the Committee may direct payment of such
benefit to the guardian, legal representative or person having the care and custody of such
minor, incompetent or incapable person. The Committee may require proof of minority,
incompetence, incapacity or guardianship, as it may deem appropriate prior to distribution of
the benefit. Any payment of a benefit shall be a payment for the account of the Participant
and the Participant’s Beneficiary, as the case may be, and shall be a complete discharge of
any liability under the Plan for such payment amount.
	 
	17.15	 	Domestic Relations Orders. Notwithstanding Section 17.4, if necessary to comply
with a domestic relations order, as defined in Code Section 414(p)(1)(B), pursuant to which a
court has determined that a spouse or former spouse of a Participant has an interest in the
Participant’s benefits under the Plan, the Committee shall have the right to immediately
distribute the spouse’s or former spouse’s interest in the Participant’s benefits under the
Plan to such spouse or former spouse. Such amount shall be distributed in a lump sum no later
than 60 days after the Committee approves such domestic relations order.

-27-

 

Celanese Corporation

Deferred Compensation Plan

Master Plan Document

	17.16	 	Distribution in the Event of Income Inclusion Under Code Section 409A. If any
portion of a Participant’s Account Balance under this Plan is required to be included in
income by the Participant prior to receipt due to a failure of this Plan to comply with the
requirements of Code Section 409A and related Treasury Regulations, the Committee may
determine that such Participant shall receive a distribution from the Plan in an amount equal
to the lesser of (a) the portion of his or her Account Balance required to be included in
income as a result of the failure of the Plan to comply with the requirements of Code Section
409A and related Treasury Regulations, or (b) the unpaid vested Account Balance.
	 
	17.17	 	Deduction Limitation on Benefit Payments. If an Employer reasonably anticipates
that the Employer’s deduction with respect to any distribution from this Plan would be limited
or eliminated by application of Code Section 162(m), then to the extent permitted by Treas.
Reg. §1.409A-2(b)(7)(i), payment shall be delayed as deemed necessary to ensure that the
entire amount of any distribution from this Plan is deductible. Any amounts for which
distribution is delayed pursuant to this Section shall continue to be credited/debited with
additional amounts in accordance with Section 3.8. The delayed amounts (and any amounts
credited thereon) shall be distributed to the Participant (or his or her Beneficiary in the
event of the Participant’s death) at
the earliest date the Employer reasonably anticipates that the deduction of the payment of
the amount will not be limited or eliminated by application of Code Section 162(m). To the
extent deemed necessary to comply with Treas. Reg. §1.409A-3(i)(2), in the event that such
date is determined to be after a Participant’s Separation from Service the delayed payment
shall not be made before the end of the six-month period following such Participant’s
Separation from Service.
	 
	 	 	IN WITNESS WHEREOF, the Company has signed this Plan document as of December 7, 2007.

“Company”

Celanese Corporation,

a Delaware corporation

By: Kevin J. Rogan

Title: Senior Vice President, Human Resources

-28-EX-10.31

 

Exhibit 10.31

March 27, 2007

Mr. James S. Alder

606 Chandon Court

Southlake, Texas 76092

Dear Jim:

Due to your outstanding and continued contribution to Celanese Corporation (the
“Company”), we are offering you the following retention package to retain your
services through December 31, 2010. Our offer is contingent upon you accepting
this proposal and the Replacement EPP Program that was previously presented to
you no later than April 2, 2007 and approval by our Compensation Committee.

Salary Level and Annual
Bonus

You will be promoted to Salary Level 1 effective April 1, 2007. Salary Level 1
includes an annual bonus opportunity at target of 80% of your annual salary
(the “Target”).

Base Salary and Annual Salary
Increase

Your base salary will increase to $350,000 per year, effective April 1, 2007,
payable in accordance with the Company’s normal payroll practice. On April 1,
2008, April 1, 2009 and April 1, 2010, your base salary will be increased by
10% of the prior year’s salary.

Retention Bonuses

You will be entitled to a retention bonus of $500,000 payable on or about
January 1, 2010, and $1,000,000 payable on or about January 1, 2011.

Jim, we are most enthusiastic about your continued employment with the Company.
If these provisions are agreeable to you, please sign the enclosed copy of
this letter and return it to me at your earliest convenience.

Sincerely,

/s/  T. Denny
Iker                                        

T. Denny Iker

Senior Vice President, Human Resources

Agreed to this 2nd day of April, 2007

/s/  James S.
Alder                                        

James S. Alder

		
	cc: Dave Weidman

      Tom Currier

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