Document:

exv10w7

    Exhibit 10.7
    

 

    CHANGE IN
    CONTROL AGREEMENT

 

    This CHANGE IN CONTROL AGREEMENT (the
    “Agreement”) is entered into
    on          ,
    2010 (the “Effective Date”) by and
    between Celanese Corporation (the
    “Company”) and
    <<NAME>> (the
    “Executive”).

 

    The Company considers it essential to foster the continued
    employment of key management personnel. The Board of Directors
    of the Company (the “Board”) believes
    that it is in the best interests of the Company and its
    stockholders to assure the Company will have the continued
    dedication of Executive, notwithstanding the possibility, threat
    or occurrence of a Change in Control. The Board believes it is
    imperative to diminish the inevitable distraction of Executive
    by virtue of the personal uncertainties and risks created by a
    pending or threatened Change in Control and to encourage
    Executive’s full attention and dedication to the Company
    currently and in the event of any threatened or pending Change
    in Control. The Company also requests, and the Executive desires
    to give the Company, certain assurances with regard to the
    protection of Confidential Information and Intellectual Property
    of the Company and its Affiliates. Therefore, the Company and
    the Executive have entered into this Agreement.

 

    In consideration of the premises and mutual covenants contained
    herein and for other good and valuable consideration, the
    parties agree as follows:

 

    1.  Definitions:

 

    a.  “Affiliate” shall mean,
    when used with respect to any person or entity, any other person
    or entity which controls, is controlled by or is under common
    control with the specified person or entity. As used in the
    immediately preceding sentence, the term “control”
    (with correlative meanings for “controlled by” and
    “under common control with”) shall mean, with respect
    to any entity, the ownership, directly or indirectly, of fifty
    percent (50%) or more of the outstanding equity interests in
    such entity.

 

    b.  “Beneficial Owner” shall
    have the meaning given such term in
    Rule 13d-3
    of the General Rules and Regulations under the Securities
    Exchange Act of 1934, as amended (the “Exchange
    Act”).

 

    c.  “Cause” shall mean
    (i) Executive’s willful failure to perform
    Executive’s duties hereunder (other than as a result of
    total or partial incapacity due to physical or mental illness)
    for a period of thirty (30) days following written notice
    by the Company to Executive of such failure,
    (ii) conviction of, or a plea of nolo contendere to,
    (x) a felony under the laws of the United States or any
    state thereof or any similar criminal act in a jurisdiction
    outside the United States or (y) a crime involving moral
    turpitude, (iii) Executive’s willful malfeasance or
    willful misconduct which is demonstrably injurious to the
    Company or its Affiliates, (iv) any act of fraud by
    Executive, (v) any material violation of the Company’s
    code of conduct, (vi) any material violation of the
    Company’s policies concerning harassment or discrimination,
    (vii) Executive’s conduct that causes material harm to
    the business reputation of the Company or its Affiliates, or
    (viii) Executive’s breach of the provisions of
    Sections 7 (Confidentiality; Intellectual Property) or 8
    (Non-Competition; Non-Solicitation) of this Agreement.

 

    d.  A “Change In Control” will
    be deemed to have occurred for purposes hereof, upon any one of
    the following events: (a) any person (within the meaning of
    Sections 13(d) and 14(d) of the Exchange Act), other than
    the Company (including its subsidiaries, directors, and
    executive officers) has become the Beneficial Owner of thirty
    percent (30%) or more of the combined voting power of the
    Company’s then outstanding common stock or equivalent in
    voting power of any class or classes of the Company’s
    outstanding securities ordinarily entitled to vote in elections
    of directors (“Voting Securities”)
    (other than as a result of an issuance of securities by

    

    1

 

    the Company approved by Incumbent Directors, or open market
    purchases approved by Incumbent Directors at the time the
    purchases are made); (b) individuals who constitute the
    Board as of the Effective Date (the “Incumbent
    Directors”) have ceased for any reason to
    constitute at least a majority thereof, provided that any person
    becoming a director after the Effective Date whose election, or
    nomination for election by the Company’s stockholders, was
    approved by a majority of the directors comprising the Incumbent
    Board, either by a specific vote or by approval of the proxy
    statement of the Company in which such person is named as a
    nominee for director without objection to such nomination shall
    be an Incumbent Director; provided, however, that no individual
    initially elected or nominated as a director of the Company as a
    result of an actual or threatened election contest with respect
    to the election or removal of directors (“Election
    Contest”) or other actual or threatened
    solicitation of proxies or consents by or on behalf of any
    Person other than the Board (“Proxy
    Contest”), including by reason of any agreement
    intended to avoid or settle any Election Contest or Proxy
    Contest, shall be deemed an Incumbent Director; (c) the
    stockholders of the Company approve a reorganization, merger,
    consolidation, statutory share exchange or similar form of
    corporate transaction, or the sale or other disposition of all
    or substantially all of the Company’s assets (a
    “Transaction”), unless immediately
    following such Transaction, (i) all or substantially all of
    the Persons who were the Beneficial Owners of the Voting
    Securities outstanding immediately prior to such Transaction are
    the Beneficial Owners of more than 50% of the combined voting
    power of the then outstanding voting securities entitled to vote
    generally in the election of directors of the entity resulting
    from such Transaction (including, without limitation, an entity
    which as a result of such Transaction owns the Company or all or
    substantially all of the Company’s assets or stock either
    directly or through one or more subsidiaries, the
    “Surviving Entity”) in substantially the
    same proportions as their ownership, immediately prior to such
    Transaction, of the Voting Securities, (ii) no Person is
    the Beneficial Owner of 30% or more of the combined voting power
    of the then outstanding voting securities entitled to vote
    generally in the election of directors of the Surviving Entity,
    and (iii) at least a majority of the members of the board
    of directors of the Surviving Entity are Incumbent Directors; or
    (d) approval by the Company’s stockholders of a
    complete liquidation and dissolution of the Company.

 

    However, if in any circumstance in which the foregoing
    definition would be operative and with respect to which the
    income tax under Section 409A of the Code would apply or be
    imposed, but where such tax would not apply or be imposed if the
    meaning of the term “Change in Control” met the
    requirements of Section 409A(a)(2)(A)(v) of the Code, then
    the term “Change in Control” herein shall mean, but
    only for the transaction so affected, a “change in control
    event” within the meaning of Treas. Reg.
    § 1.409A — 3(i)(5).

 

    e.  “Change In Control Protection
    Period” shall mean that period commencing on the
    date that the Company or a third party publicly announces an
    event that, if consummated, would constitute a Change In Control
    and ending (i) on the date that the circumstances giving
    rise to the announcement of the event are abandoned or
    withdrawn, or (ii) if such transaction is consummated, two
    years after the Change In Control.

 

    f.  “COBRA” shall mean those
    provisions of the Consolidated Omnibus Budget Reconciliation Act
    of 1986, as amended, related to continuation of group health and
    dental plan coverage as set forth in Code section 4980B.

 

    g.  “Code” shall mean the
    Internal Revenue Code of 1986, as amended from time to time.

 

    h.  “Competitive Business”
    shall mean businesses that compete with products and
    services offered by the Company in those countries where the
    Company or any of its Affiliates manufactures, produces, sells,
    leases, rents, licenses or otherwise provides its products or
    services during the two (2) years preceding the Termination
    Date (including, without limitation, businesses which the
    Company or its Affiliates have specific plans to conduct in the
    future that were disclosed or made available to Executive),
    provided that, if Executive’s duties were limited to
    particular product lines or businesses during such period, the
    Competitive Business shall be limited to those product lines or
    businesses in those countries for which the Executive had such
    responsibility.

    

    2

 

    i.  “Confidential Information”
    shall mean any non-public, proprietary or confidential
    information, including without limitation trade secrets,
    know-how, research and development, software, databases,
    inventions, processes, formulae, technology, designs and other
    intellectual property, information concerning finances,
    investments, profits, pricing, costs, products, services,
    vendors, customers, clients, partners, investors, personnel,
    compensation, benefits, recruiting, training, advertising,
    sales, marketing, promotions, government and regulatory
    activities and approvals concerning the past, current or future
    business, activities and operations of the Company, its
    Affiliates
    and/or any
    third party that has disclosed or provided any of same to the
    Company or its Affiliates on a confidential basis.
    “Confidential Information” also includes any
    information designated as a trade secret or proprietary
    information by operation of law or otherwise, but shall not be
    limited by such designation. “Confidential
    Information” shall not include any information that is
    (i) generally known to the industry or the public other
    than as a result of Executive’s breach of this covenant;
    (ii) made legitimately available to Executive by a third
    party without breach of any confidentiality obligation; or
    (iii) required by law to be disclosed; provided that
    Executive shall give prompt written notice to the Company of
    such requirement, disclose no more information than is so
    required, and cooperate with any attempts by the Company to
    obtain a protective order or similar treatment.

 

    j.  “Controlled Group” shall
    mean all corporations or business entities that are, along with
    the Company, members of a controlled group of corporations or
    businesses, as defined in Code Sections 414(b) and 414(c),
    except that the language “at least 50 percent” is
    used instead of “at least 80 percent” in applying
    the rules of Code Sections 414(b) and 414(c).

 

    k.  “Fiscal Year” shall mean
    the fiscal year of the Company.

 

    l.  “Good Reason” shall mean
    any of the following conditions which occurs without the consent
    of the Executive: (i) a material diminution in the
    Executive’s base salary or annual bonus opportunity;
    (ii) a material diminution in the Executive’s
    authority, duties, or responsibilities (including status,
    offices, titles and reporting requirements); (iii) a
    material change in the geographic location at which the
    Executive must perform his duties; (iv) failure of the
    Company to pay compensation or benefits when due, or
    (v) any other action or inaction that constitutes a
    material breach by the Company of this Agreement. The conditions
    described above will not constitute “Good Reason”
    unless the Executive provides written notice to the Company of
    the existence of the condition described above within ninety
    (90) days after the initial existence of such condition. In
    addition, the conditions described above will not constitute
    “Good Reason” unless the Company fails to remedy the
    condition within a period of thirty (30) days after receipt
    of the notice described in the preceding sentence. If the
    Company fails to remedy the condition within the period referred
    to in the preceding sentence, Executive may terminate his
    employment with the Company for “Good Reason” within
    in the next thirty (30) days following the expiration of
    the cure period.

 

    m.  “Notice of Termination”
    shall mean a notice which shall indicate the general
    reasons for the termination employment and the circumstances
    claimed to provide a basis for termination of employment or
    other Separation of Service under the provision so indicated.

 

    n.  “Person” shall mean any
    person, firm, partnership, joint venture, association,
    corporation or other business organization, entity or enterprise
    whatsoever.

 

    o.  “Specified Employee” shall
    have the meaning and shall be determined in the manner set forth
    in the Celanese Americas Supplemental Retirement Pension Plan.

 

    p.  “Restricted Period” shall
    be (i) one year from the Termination Date in the event of a
    Separation from Service that occurs during the Service Term (as
    defined hereinafter) other than in the case of an

    

    3

 

    involuntary Separation from Service without Cause, (ii) in
    the case of an involuntary Separation from Service without Cause
    during the Service Term, an amount of time in whole months equal
    to the number of months’ salary the Company agrees to
    provide to Executive in severance, whether paid over time or in
    a lump sum; and (iii) eighteen (18) months from the
    Termination Date in the event of a Separation from Service
    following a Change In Control where Executive receives the
    Change In Control Payment (as defined hereinafter).

 

    q.  “Separation from Service”
    shall mean an event after which the Executive shall no longer
    provide services to the members of the Controlled Group, whether
    voluntarily or involuntarily as determined by the Committee (as
    hereafter defined) in accordance with Treas. Reg.
    § 1.409A-1(h)(1). A Separation from Service shall
    occur when Executive has experienced a termination of employment
    from the members of the Controlled Group. Executive shall be
    considered to have experienced a termination of employment when
    the facts and circumstances indicate that the Executive and the
    Company reasonably anticipate that either (i) no further
    services will be performed for the members of the Controlled
    Group after a certain date, or (ii) that the level of bona
    fide services the Executive will perform for the members of the
    Controlled Group 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 Executive (whether as an employee or an independent
    contractor) over the immediately preceding
    36-month
    period (or the full period of services to the members of the
    Controlled Group if the Executive has been providing services to
    the members of the Controlled Group less than 36 months).
    If Executive is on military leave, sick leave, or other bona
    fide leave of absence, the employment relationship between the
    Executive and the members of the Controlled Group 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 Executive retains a right to reemployment with the members
    of the Controlled Group 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
    Executive 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
    Agreement 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 Executive will return
    to perform services for any members of the Controlled Group.

 

    Notwithstanding the foregoing provisions, if Executive provides
    services for the Company as both an employee and as a
    non-employee director, to the extent permitted by Treas. Reg.
    § 1.409A-1(h)(5) the services provided by such
    Executive as a non-employee director shall not be taken into
    account in determining whether the Executive has experienced a
    Separation from Service.

 

    r.  “Target Bonus” shall mean
    the target bonus for Executive under any annual bonus plan in
    effect from time to time as determined by the Compensation
    Committee (the “Committee”) or the Board.

 

    s. “Termination Date” shall mean
    the date upon which a Separation from Service with respect to an
    Executive occurs.

 

    2.  Term of Change In Control Agreement.

 

    a.  This Agreement shall be for an initial term (the
    “Initial Term”) of two years and shall
    continue to renew for consecutive two year terms thereafter (a
    “Renewal Term”), unless either party
    shall give written notice to the other (a “Notice of
    Non-Renewal”) that such agreement shall not renew
    at least ninety (90) days prior to the expiration of the
    Initial Term or Renewal Term then in effect. Notwithstanding the
    foregoing, the Company may not give a Notice of Non-Renewal
    during the Change In Control Protection Period.

 

    b.  This Agreement, except those provisions which
    shall survive under Section 11(k), shall terminate upon the
    termination of Executive’s employment for any reason other
    than the termination of Executive’s employment during the
    Change In Control Protection Period (x) by the Company
    without Cause or (y) by the

    

    4

 

    Executive with Good Reason. No payment under this Agreement will
    be due to Executive upon termination of Executive’s
    employment for any reason other than as specified in (x) or
    (y) above.

 

    3.  Executive’s Incumbent Position.

 

    a.  Unless notified otherwise by the Chief Executive
    Officer of the Company or the Board, Executive shall serve as
    <<Position Title>>
    (“Executive’s Incumbent Position”). In
    such position, Executive shall have such duties and authority as
    shall be determined from time to time by the Chief Executive
    Officer and the Board. If requested, Executive shall also serve
    as a member of the Board without additional compensation. The
    period during which the Executive shall be employed by the
    Company shall be called the “Service
    Term.”

 

    b.  Except as provided in Section 5,
    (i) either Company or Executive may terminate the
    employment relationship at any time, with or without Cause or
    Good Reason, (ii) this Agreement shall not be construed as
    giving the Executive any right to be retained in the employ of
    the Company or its Affiliates, (iii) the Company may at any
    time terminate the Executive free from any liability of any
    claim under this Agreement, except as expressly provided herein;
    and (iv) the Company may demote Executive at any time in
    its absolute and sole discretion without liability to the
    Executive.

 

    c. During the Service Term, Executive will devote
    Executive’s full business time and best efforts to the
    performance of Executive’s duties hereunder and will not
    engage in any other business, profession or occupation for
    compensation or otherwise which would conflict or interfere with
    the rendition of such services either directly or indirectly,
    without the prior written consent of the Board; provided that
    nothing herein shall preclude Executive, (i) subject to the
    prior approval of the Board, from accepting appointment to or
    continuing to serve on any board of directors or trustees of any
    business corporation or any charitable organization or
    (ii) from participating in charitable activities or
    managing personal investments; provided in each case, and in the
    aggregate, that such activities do not conflict or interfere
    with the performance of Executive’s duties hereunder or
    conflict with Sections 7 or 8. Executive shall promote the
    goodwill of the Company with its employees, customers,
    stockholders, vendors, and the general public. During the
    Service Term, reasonable business expenses incurred by Executive
    in the performance of Executive’s duties hereunder and to
    support the goodwill and business relationships of the Company
    shall be reimbursed by the Company in accordance with Company
    policies.

 

    4.  Obligations of the Company upon Change In
    Control with Respect to Long-Term Incentive Awards and Deferred
    Compensation.

 

    The effect of a change in control on any long-term incentive
    awards (cash or equity) or deferred compensation previously
    granted to the Executive under the 2008 Deferred Compensation
    Plan, 2004 Stock Incentive Plan or the 2004 Deferred
    Compensation Plan, as amended, (the “Long-Term
    Incentive Awards”) shall be governed by the terms
    and conditions of the applicable individual award agreements or
    deferral agreements and the Celanese Corporation 2008 Deferred
    Compensation Plan, the 2004 Stock Incentive Plan or the 2004
    Deferred Compensation Plan, as amended (collectively, the
    “Long-Term Incentive Award Agreements”),
    and shall not be governed by this Agreement.

 

    5.  Termination of Employment Connected with a
    Change In Control.

 

    a.  Upon Executive’s Separation from Service
    during the Change In Control Protection Period, Executive shall
    receive the Change In Control Payment if and only if the
    following conditions occur:

 

    (i) The Change In Control is consummated;

 

    (ii) Executive is employed in the Executive Incumbent
    Position or some substantially equivalent or higher position for
    the Company as of the commencement of the Change In Control
    Protection Period;

    

    5

 

    (iii) Executive’s employment is terminated either by
    the Company without Cause or by the Executive with Good Reason
    such that a Separation from Service occurs;

 

    (iv) Within fifty-three (53) days after both
    conditions in Sections 5(a)(i) and 5(a)(iii), or at the
    expiration of twenty-one (21) days following the
    presentation of the release, Executive executes a release of all
    claims, known or unknown, against the Company, its Affiliates,
    and their respective agents in a form satisfactory to the
    Company similar to that attached hereto as Exhibit A and
    does not timely revoke such release before the expiration of
    seven days following his or her execution of the
    release; and

 

    (v) Within fifty-three (53) days after both conditions
    in Sections 5(a)(i) and 5(a)(iii), Executive reaffirms in
    writing in a manner satisfactory to the Company his or her
    obligations under Sections 7 and 8 of this Agreement.

 

    b.  The “Change In Control Payment”
    shall be equal to [two (in the case of an SL1 or
    SL2)/one (in the case of an SL3)] (2) times the sum of
    (i) Executive’s then current annualized base salary;
    and (ii) the higher of (x) Executive’s Target
    Bonus in effect on the last day of the Fiscal Year that ended
    immediately prior to the year in which the Termination Date
    occurs, or (y) the average of the cash bonuses paid by the
    Company to Executive for the three Fiscal Years preceding the
    Termination Date.

 

    c.  If the Executive is a Specified Employee on the
    Executive’s Termination Date, the Change In Control Payment
    shall be paid in a single lump sum to Executive six
    (6) months and one day after the Executive’s
    Termination Date, together with interest at the rate provided in
    Section 1274(b)(2)(B) of the Code. If the Executive is not
    a Specified Employee on the Executive’s Termination Date,
    the Severance Payment shall be paid in a single lump sum to the
    Executive within thirty (30) days of the Executive’s
    Termination Date.

 

    d.  Provided that (i) all of the conditions in
    Section 5(a) are met, (ii) Executive makes a timely
    COBRA election, and (iii) Executive has complied in all
    material respects with regard to the obligations of
    Sections 7 and 8 of this Agreement, if the Executive timely
    remits to the Company the applicable “COBRA” premiums
    for such coverage, the Company will continue to provide group
    health and dental coverage under the Company’s medical plan
    for Executive and his or her dependents during the Restricted
    Period; and will reimburse Executive for all premiums paid by
    Executive for such continued coverage. Such reimbursements will
    be made within thirty (30) days after Executive’s
    payment of such premiums (or submission of a request for
    reimbursement and satisfactory proof of such payment) but in no
    event later than on or before the last day of the
    Executive’s tax year following the tax year in which the
    expense was incurred. The amount of COBRA premiums and health
    and dental expenses eligible for reimbursement during
    Executive’s tax year may not affect the COBRA premiums and
    health and dental expenses eligible for reimbursement in any
    other tax year.

 

    e.  Adjustment to Payments.

 

    (i) In the event that any amount or benefit paid or
    distributed to Executive pursuant to this Agreement
    and/or any
    amounts or benefits otherwise paid or distributed to Executive
    by the Company that are treated as parachute payments under
    Section 280G of the Code (such payments, collectively, the
    “Covered Payments”), would be subject to the
    tax imposed under Section 4999 of the Code or any similar
    tax that may hereafter be imposed (the “Excise
    Tax”), then the Covered Payments shall be reduced or
    eliminated so that the present value of all Covered Payments
    (calculated in accordance with Section 280G of the Code and
    the regulations thereunder), in the aggregate, equals the Safe
    Harbor Amount. The “Safe Harbor Amount” is
    equal to 2.99 times the Employee’s “base amount”
    (within the meaning of Section 280G(b)(3) of the Code). The
    Company shall reduce or eliminate the Covered Payments by first
    reducing or eliminating the portion of the Covered Payments
    which are not payable in cash and then by reducing or
    eliminating cash payments, in each case in reverse order
    beginning with payments or benefits which are to be paid the
    farthest in time from the determination.

 

    (ii) All determinations required to be made under
    subsection (e)(i), including whether and when an adjustment to
    any Covered Payments is required and, if applicable, which
    Covered Payments are to be

    

    6

 

    so adjusted, shall be made by a public accounting firm appointed
    by the Company or tax counsel selected by such accounting firm
    (the “Accountants”). All fees and expenses of
    the Accountants shall be borne solely by the Company. Any
    determination by the Accountants shall be binding upon the
    Company and Executive.

 

    f.  Notwithstanding any provision of this Agreement to
    the contrary, if Executive is a Specified Employee and if any
    payment under this Agreement provides for a “deferral of
    compensation” within the meaning of Treasury Regulation
    § 1.409A-1(b) and if such payment would otherwise
    occur before the date that is six (6) months after the
    Executive’s Termination Date, then such payment shall be
    delayed and shall occur on the date that is six (6) months
    and one (1) day after the Termination Date (or, if earlier,
    the date of the Executive’s death), together with interest
    at the rate provided in Section 1274(b)(2)(B) of the Code.

 

    6.  Exclusivity of Benefits. Executive
    acknowledges that this Agreement supercedes and replaces all
    prior agreements or understandings Executive may have with the
    Company with respect to compensation or benefits that may become
    payable in connection with or as a result of a change in control
    of the Company, whether or not such change in control
    constitutes a Change In Control, including any provisions
    contained in any employment agreement, offer letter or change in
    control agreement, except with respect to any Long-Term
    Incentive Awards which shall be governed by the terms of the
    Long-Term Incentive Award Agreements. This Agreement also
    describes all payments and benefits that the Company shall be
    obligated to provide to Executive upon Executive’s
    Separation from Service during a Change In Control Protection
    Period and shall constitute Executive’s agreement to waive
    any rights to payment under the Celanese Americas Separation Pay
    Plan, any similar or successor plan adopted by the Company, and
    any other term of employment contained in any employment
    agreement, offer letter, change in control agreement or
    otherwise (other than benefits to which
    he/she may
    be entitled, if any: (i) under any Celanese plan qualified
    under Section 401(a) of the Internal Revenue Code,
    including the Celanese Americas Retirement Pension Plan and
    Celanese Americas Retirement Savings Plan; and (ii) under
    the 2008 Celanese Deferred Compensation Plan) to the extent that
    the circumstances giving right to such right to payment would
    constitute a Separation of Service during a Change In Control
    Protection Period.

 

    7.  Confidentiality; Intellectual Property.

 

    a.  Confidentiality.

 

    (i) Based upon the assurances given by the Executive in
    this Agreement, the Company will provide Executive with access
    to its Confidential Information. Executive hereby reaffirms that
    all Confidential Information received by Executive prior to the
    termination of this Agreement is the exclusive property of the
    Company and Executive releases any individual claim to the
    Confidential Information.

 

    (ii) Executive will not at any time (whether during or
    after Executive’s employment with the Company)
    (x) retain or use for the benefit, purposes or account of
    Executive or any other Person; or (y) disclose, divulge,
    reveal, communicate, share, make available, transfer or provide
    access to any Person outside the Company (other than its
    professional advisers who are bound by confidentiality
    obligations), any Confidential Information without the prior
    written authorization of the Board.

 

    (iii) Upon termination of Executive’s employment with
    the Company for any reason, Executive shall (x) cease and
    not thereafter commence use of any Confidential Information or
    intellectual property (including without limitation, any patent,
    invention, copyright, trade secret, trademark, trade name, logo,
    domain name or other source indicator) owned or used by the
    Company or its Affiliates; (y) immediately destroy, delete,
    or return to the Company, at the Company’s option, all
    originals and copies in any form or medium (including memoranda,
    books, papers, plans, computer files, letters and other data) in
    Executive’s possession or control (including any of the
    foregoing stored or located in Executive’s office, home,
    laptop or other computer, whether or not Company property) that
    contain Confidential Information or otherwise relate to the
    business of the Company or its Affiliates, except that Executive
    may retain only those portions of any personal notes, notebooks
    and diaries that

    

    7

 

    do not contain any Confidential Information; and (z) notify
    and fully cooperate with the Company regarding the delivery or
    destruction of any other Confidential Information of which
    Executive is or becomes aware.

 

    (iv) If Executive has previously entered into any
    confidentiality or non-disclosure agreements with any former
    employer, Executive hereby represents and warrants that such
    confidentiality
    and/or
    non-disclosure agreement or agreements have been fully disclosed
    and provided to the Company prior to commencing employment with
    the Company.

 

    b.  Intellectual Property.

 

    (i) If Executive has created, invented, designed,
    developed, contributed to or improved any works of authorship,
    inventions, intellectual property, materials, documents or other
    work product (including without limitation, research, reports,
    software, databases, systems, applications, presentations,
    textual works, content, or audiovisual materials)
    (“Works”), either alone or with third
    parties, prior to Executive’s employment by the Company,
    that are relevant to or implicated by such employment
    (“Prior Works”), Executive hereby grants
    the Company a perpetual, non-exclusive, royalty-free, worldwide,
    assignable, sublicensable license under all rights and
    intellectual property rights (including rights under patent,
    industrial property, copyright, trademark, trade secret, unfair
    competition and related laws) therein for all purposes in
    connection with the Company’s current and future business.
    A list of all such Works as of the date hereof is attached
    hereto as Exhibit B.

 

    (ii) If Executive creates, invents, designs, develops,
    contributes to or improves any Works, either alone or with third
    parties, at any time during Executive’s employment by the
    Company and within the scope of such employment
    and/or with
    the use of any of the Company resources (“Company
    Works”), Executive shall promptly and fully
    disclose same to the Company and hereby irrevocably assigns,
    transfers and conveys, to the maximum extent permitted by
    applicable law, all rights and intellectual property rights
    therein (including rights under patent, industrial property,
    copyright, trademark, trade secret, unfair competition and
    related laws) to the Company to the extent ownership of any such
    rights does not vest originally in the Company.

 

    (iii) Executive agrees to keep and maintain adequate and
    current written records (in the form of notes, sketches,
    drawings, and any other form or media requested by the Company)
    of all Company Works. The records will be available to and
    remain the sole property and intellectual property of the
    Company at all times.

 

    (iv) Executive shall take all requested actions and execute
    all requested documents (including any licenses or assignments
    required by a government contract) at the Company’s expense
    (but without further remuneration) to assist the Company in
    validating, maintaining, protecting, enforcing, perfecting,
    recording, patenting or registering any of the Company’s
    rights in the Prior Works and Company Works. If the Company is
    unable for any other reason to secure Executive’s signature
    on any document for this purpose, then Executive hereby
    irrevocably designates and appoints the Company and its duly
    authorized officers and agents as Executive’s agent and
    attorney in fact, to act for and in Executive’s behalf and
    stead to execute any documents and to do all other lawfully
    permitted acts in connection with the foregoing.

 

    (v) Executive shall not improperly use for the benefit of,
    bring to any premises of, divulge, disclose, communicate,
    reveal, transfer or provide access to, or share with the Company
    any confidential, proprietary or non-public information or
    intellectual property relating to a former employer or other
    third party without the prior written permission of such third
    party. Executive hereby indemnifies, holds harmless and agrees
    to defend the Company and its officers, directors, partners,
    employees, agents and representatives from any breach of the
    foregoing covenant. Executive shall comply with all relevant
    policies and guidelines of the Company, including regarding the
    protection of confidential information and intellectual property
    and potential conflicts of interest. Executive acknowledges that
    the Company may amend any such policies and guidelines from time
    to time, and that Executive remains at all times bound by their
    most current version.

 

    c.  In the event Executive leaves the employ of the
    Company, Executive hereby grants consent to notification by the
    Company to any subsequent employer about Executive’s rights
    and obligations under this Agreement.

    

    8

 

    8.  Non-Competition; Non-Solicitation.

 

    a.  Executive acknowledges and recognizes the highly
    competitive nature of the businesses of the Company and its
    Affiliates and accordingly agrees as follows:

 

    (i) During the Service Term and for the Restricted Period,
    Executive will not, whether on Executive’s own behalf or on
    behalf of or in conjunction with any Person, directly or
    indirectly solicit or assist in soliciting in competition with
    the Company or its Affiliates, the business of any customer,
    prospective customer, client or prospective client:

 

    (A) with whom Executive had personal contact or dealings on
    behalf of the Company or its Affiliates during the one year
    period preceding the termination of Executive’s employment;

 

    (B) with whom employees directly or indirectly reporting to
    Executive have had personal contact or dealings on behalf of the
    Company or its Affiliates during the one-year immediately
    preceding the termination of Executive’s employment; or

 

    (C) for whom Executive had direct or indirect
    responsibility during the one year period immediately preceding
    the termination of Executive’s employment.

 

    (ii) During the Restricted Period, Executive will not
    directly or indirectly:

 

 

    (A) engage in any Competitive Business;

 

    (B) enter the employ of, or render any services to, any
    Person (or any division or controlled or controlling affiliate
    of any Person) who or which engages in a Competitive Business;

 

    (C) acquire a financial interest in, or otherwise become
    actively involved with, any Competitive Business, directly or
    indirectly, as an individual, partner, stockholder, officer,
    director, principal, agent, trustee or consultant; or

 

    (D) interfere with, or attempt to interfere with, business
    relationships (whether formed before, on or after the date of
    this Agreement) between the Company or any of its Affiliates and
    customers, clients, suppliers partners, members or investors of
    the Company or its Affiliates.

 

    (iii) Notwithstanding anything to the contrary in this
    Agreement, Executive may directly or indirectly own, solely as
    an investment, securities of any Person engaged in the business
    of the Company or its Affiliates which are publicly traded on a
    national or regional stock exchange or on the
    over-the-counter
    market if Executive (i) is not a controlling Person of, or
    a member of a group which controls, such Person and
    (ii) does not, directly or indirectly, own 5% or more of
    any class of securities of such Person.

 

    (iv) During the Restricted Period, Executive will not,
    whether on Executive’s own behalf or on behalf of or in
    conjunction with any Person, directly or indirectly:

 

    (A) solicit, interview, encourage, or take any other action
    that would tend to influence in any manner any employee of the
    Company or its Affiliates to leave the employment of the Company
    or

    

    9

 

    its Affiliates (other than as a result of a general
    advertisement of employment made by Executive’s subsequent
    employer or business, not directed at any such employee); or

 

    (B) hire any such employee who was employed by the Company
    or its Affiliates as of the Termination Date or who left the
    employment of the Company or its Affiliates coincident with, or
    within one year prior to or after, the Termination Date.

 

    (v) During the Restricted Period, Executive will not,
    directly or indirectly, solicit or encourage any consultant then
    under contract with the Company or its Affiliates to cease to
    work with the Company or its Affiliates.

 

    b.  It is expressly understood and agreed that
    although Executive and the Company consider the restrictions
    contained in this Section 8 to be reasonable, if a final
    judicial determination is made by a court of competent
    jurisdiction that the time or territory or any other restriction
    contained in this Agreement is an unenforceable restriction
    against Executive, the provisions of this Agreement shall not be
    rendered void but shall be deemed amended to apply as to such
    maximum time and territory and to such maximum extent as such
    court may judicially determine or indicate to be enforceable.
    Alternatively, if any court of competent jurisdiction finds that
    any restriction contained in this Agreement is unenforceable,
    and such restriction cannot be amended so as to make it
    enforceable, such finding shall not affect the enforceability of
    any of the other restrictions contained herein.

 

    c.  Prior to the commencement thereof, Executive will
    provide written notice to the Company of any employment or other
    activity that would potentially violate the provisions of
    Sections 7 or 8 and, if Executive wishes to do so,
    Executive may ask the Board to modify or waive the protections
    of this Section 8, but nothing in this Agreement shall
    limit in any manner the Board’s absolute discretion not to
    do so.

 

    9.  Enforcement of Promises Concerning the
    Protection of the Company’s Confidential Information and
    Goodwill. Executive acknowledges and agrees that the
    Company’s remedies at law for a breach or threatened breach
    of any of the provisions of Section 7 or Section 8
    would be inadequate and the Company would suffer irreparable
    damages as a result of such breach or threatened breach. In
    recognition of this fact, Executive agrees that, in the event of
    such a breach in or threatened breach, in addition to any
    remedies at law, the Company, without posting any bond, shall be
    entitled to obtain equitable relief in the form of specific
    performance, temporary restraining order, temporary or permanent
    injunction or any other equitable remedy which may then be
    available. In addition, and without limiting the Company’s
    ability to obtain such equitable relief, Executive shall not be
    entitled to any Change In Control Payment if Executive
    materially violates the provisions of Sections 7 or 8 and,
    to the extent that such payments have already been made,
    Executive shall repay all Change In Control Payments immediately
    upon demand by the Company.

 

    10. Section 409A Acknowledgement and Release.
    Executive understands that payments under this Agreement are
    potentially subject to Section 409A of the Code and that if
    this Agreement does not satisfy an exception to Code
    Section 409A or does not comply with the requirements of
    Section 409A and the applicable guidance thereunder, then
    Executive may incur adverse tax consequences under
    Section 409A. Executive acknowledges and agrees that
    (a) Executive is solely responsible for all obligations
    arising as a result of the tax consequences associated with
    payments under this Agreement including, without limitation, any
    taxes, interest or penalties associated with Section 409A,
    (b) Executive is not relying upon any written or oral
    statement or representation by the Company or any Affiliate
    thereof, or any of their respective employees, directors,
    officers, attorneys or agents (collectively, the
    “Company Parties”) regarding the tax
    effects associated with the execution of this Agreement and the
    payment under this Agreement, and (c) in deciding to enter
    into this Agreement, Executive is relying on his or her own
    judgment and the judgment of the professionals of his or her
    choice with whom Executive has consulted. Executive hereby
    releases, acquits and forever discharges the Company Parties
    from all actions, causes of actions, suits, debts, obligations,
    liabilities, claims, damages, losses, costs and expenses of any

    

    10

 

    nature whatsoever, known or unknown, on account of, arising out
    of, or in any way related to the tax effects associated with the
    execution of this Agreement and any payment hereunder.

 

    11. Miscellaneous.

 

    a.  Governing Law; Jurisdiction; Venue. This Agreement
    shall be governed by and construed in accordance with the laws
    of the State of Texas, without regard to conflicts of laws
    principles thereof. Any action concerning or relating to this
    Agreement shall be filed only in the federal and state courts
    sitting in Dallas County, Texas.

 

    b.  Entire Agreement; Amendments. This Agreement
    contains the entire understanding of the parties with respect to
    any Change In Control or the subject matter of this Agreement,
    provided however, that the effects of a change in control
    pursuant to the Long-Term Incentive Award Agreements shall be
    governed by the terms of such agreements and shall not be
    affected by this Agreement.

 

    c.  No Waiver. The failure of a party to insist upon
    strict adherence to any term of this Agreement, or any term of
    any agreement with any other employee, on any occasion shall not
    be considered a waiver of such party’s rights or deprive
    such party of the right thereafter to insist upon strict
    adherence to that term or any other term of this Agreement.

 

    d.  Severability. In the event that any one or more of
    the provisions of this Agreement shall be or become invalid,
    illegal or unenforceable in any respect, the validity, legality
    and enforceability of the remaining provisions of this Agreement
    shall not be affected thereby.

 

    e.  Assignment. This Agreement, and all of
    Executive’s rights and duties hereunder, shall not be
    assignable or delegable by Executive. Any purported assignment
    or delegation by Executive in violation of the foregoing shall
    be null and void ab initio and of no force and effect. This
    Agreement may be assigned, in whole or in part, by the Company
    to a Person which is an Affiliate or a successor in interest to
    all or a substantial part of the business operations of the
    Company. Upon such assignment, the rights and obligations of the
    Company hereunder shall become the rights and obligations of
    such Affiliate or successor Person.

 

    f.  Successors; Binding Agreement. This Agreement
    shall inure to the benefit of and be binding upon personal or
    legal representatives, executors, administrators, successors,
    heirs, distributees, devisees and legatees.

 

    g.  Notice. For the purpose of this Agreement, notices
    and all other communications provided for in the Agreement shall
    be in writing and shall be deemed to have been duly given when
    delivered by hand or overnight courier or three days after it
    has been mailed by United States registered mail, return receipt
    requested, postage prepaid, addressed to the respective
    addresses set forth below in this Agreement, or to such other
    address as either party may have furnished to the other in
    writing in accordance herewith, except that notice of change of
    address shall be effective only upon receipt.

 

    If to the Company:

 

    1601 West LBJ Freeway

 

    Dallas, TX
    75234-6034

 

    Attention: General Counsel

    

    11

 

    If to Executive:

 

    Executive’s home address as set forth in the personnel
    records of the Company

 

    h.  Cooperation. Executive shall provide
    Executive’s reasonable cooperation in connection with any
    action or proceeding (or any appeal from any action or
    proceeding) which relates to events occurring during
    Executive’s employment hereunder.

 

    i.  Withholding Taxes. The Company may withhold from
    any amounts payable under this Agreement such Federal, state and
    local taxes as may be required to be withheld pursuant to any
    applicable law or regulation.

 

    j.  Counterparts. This Agreement may be signed in
    counterparts, each of which shall be an original, with the same
    effect as if the signatures thereto and hereto were upon the
    same instrument.

 

    k.  Survival. The provisions of Sections 1 and 7
    through 9 of this Agreement shall survive the termination of
    this Agreement.

 

    IN WITNESS WHEREOF, the parties hereto have duly executed this
    Agreement as of the day and year first above written.

 

	 	 	 
	

    EXECUTIVE:

	
 
	
    Celanese Corporation:

	
 
	
 
	
 

	

    By:     

    
  <<NAME>>

    Employee ID: <<Personel Number>>

	
 
	
    By:     

    

	
 
	
 
	
 

	

    Date:
    ­
    ­

	
 
	
    Date:
    ­
    ­

    

    12

 

    EXHIBIT A

    

 

    FORM OF
    GENERAL RELEASE AGREEMENT

    

 

    AGREEMENT
    AND GENERAL RELEASE

 

    Celanese Corporation and its Affiliates (the
    “Company”), 1601 West LBJ Freeway, Dallas, Texas
    75234
    and          ,
    his or her heirs, executors, administrators, successors, and
    assigns (“Executive”), enter into this Agreement and
    General Release (the “Release”) and agree as follows:

 

		
	    1. 
	    Last Day of Employment (Separation
    Date). The last day of employment with the
    Company is [Insert Date] (the “Separation Date”).

	 
	    2. 
	    Consideration. In consideration for
    signing this Release and compliance with the promises made
    herein, Company and Executive agree:

 

 

    a. Change In Control Payment. The
    Company will pay the Change In Control Payment, as defined in
    the Change In Control Agreement between the Company and
    Executive dated on or
    about          ,
    20          
    (the “CIC Agreement”)
    1 and

    provide the reimbursements set forth in the CIC Agreement.
    Executive agrees that such payments are the exclusive payments
    due to Executive arising out of the separation of
    Executive’s employment.

 

    b. Unused Vacation. The Company will pay
    to Executive wages for prorated unused vacation as of the
    Separation Date.

 

    c. Benefits. The Executive shall be
    entitled to elect to continue group health and dental coverage
    under COBRA and shall be reimbursed for such premiums as
    provided in the CIC Agreement. Executive’s rights in any
    other employee benefit plans of the Company will be as provided
    in the relevant plan documents.

 

		
	    3. 
	    No Consideration Absent Execution of this
    Agreement. Executive understands and agrees
    that he/she
    would not receive the consideration specified in Paragraph
    “2” above, unless the Executive signs this Agreement
    and General Release on the signature page without having revoked
    this Release pursuant to paragraph 14 below and the
    fulfillment of the promises contained herein.

	 
	    4. 
	    General Release of Claims. Executive
    knowingly and voluntarily releases and forever discharges the
    Company and its Affiliates, together with its predecessors,
    successors and assigns and the current and former employees,
    officers, directors and agents thereof (collectively, the
    “Released Parties”), of and from any and all claims,
    known and unknown, asserted and unasserted, Executive has or may
    have as of the date of execution of this Release to the full
    extent permitted by law, in all countries and jurisdictions in
    which the Released Parties conduct their respective business,
    including but not limited to the United States of America.
    Notwithstanding anything to the contrary herein, it is expressly
    understood and agreed that the terms and conditions of any
    Long-Term Incentive Awards shall continue to be governed by the
    applicable Long-Term Incentive Award Agreements and shall not be
    affected by this Release.

 

 

    1 All

    capitalized terms shall have the same meaning as set forth in
    the CIC Agreement, unless otherwise stated.

    

    13

 

 

		
	    5. 	
    Executive acknowledges and agrees that
    he/she has
    been paid all amounts owed to Executive as compensation, whether
    in the form of salary, bonus, equity compensation, benefits or
    otherwise. The release in Section 4 of this Release
    includes, but is not limited to, any alleged violation of the
    following, as may be amended or in effect:

 

    (a) any action arising under or relating to any federal or
    state statute or local ordinance, such as:

 

			
	 	    •  
	
    Title VII of the Civil Rights Act of 1964;

	 	    •  
	
    The Civil Rights Act of 1991;

	 	    •  
	
    Sections 1981 through 1988 of Title 42 of the United
    States Code;

	 	    •  
	
    The Employee Retirement Income Security Act of 1974;

	 	    •  
	
    The Immigration Reform and Control Act;

	 	    •  
	
    The Family and Medical Leave Act;

	 	    •  
	
    The Americans with Disabilities Act of 1990;

	 	    •  
	
    The Age Discrimination in Employment Act of 1967;

	 	    •  
	
    The Workers Adjustment and Retraining Notification Act;

	 	    •  
	
    The Occupational Safety and Health Act;

	 	    •  
	
    The Sarbanes-Oxley Act of 2002;

	 	    •  
	
    The Texas Commission on Human Rights Act;

	 	    •  
	
    The Texas Minimum Wage Law;

	 	    •  
	
    Equal Pay Law for Texas; and

	 	    •  
	
    The Vocational Rehabilitation Act.

 

    (b) any other national, federal, state, province, or local
    civil or human rights law, or any other local, state, province,
    national or federal law, regulation or ordinance; or any law,
    regulation or ordinance of a foreign country, including but not
    limited to the Federal Republic of Germany and the United
    Kingdom;

 

    (c) any action under public policy, contract, tort, common
    law or equity, including, but not limited to, claims based on
    alleged breach of an obligation or duty arising in contract or
    tort, such as breach of contract, fraud, quantum meruit,
    invasion of privacy, wrongful discharge, defamation, infliction
    of emotional distress, assault, battery, malicious prosecution,
    false imprisonment, harassment, negligence, gross negligence,
    and strict liability;

 

    (d) any claim for lost, unpaid, or unequal wages, salary,
    or benefits, including, without limitation, any claim under the
    Fair Labor Standards Act, the Employee Retirement Income
    Security Act, the Equal Pay Act, the Texas Minimum Wage Law, the
    Texas Equal Pay Law, or any other local, state, or federal
    statute concerning classifications, wages, salary, or benefits,
    including calculations and deductions relating to same, as well
    as the employment, labor and benefits laws and regulations in
    all countries in addition to the United States of America,
    including but not limited to the United Kingdom and the Federal
    Republic of Germany; and

 

    (e) any other claim regardless of the forum in which it
    might be brought, if any, which Executive has, might have, or
    might claim to have against any of the Released Parties, for any
    and all injuries, harm, damages, wages, benefits, salary,
    reimbursements, penalties, costs, losses, expenses,
    attorneys’ fees,
    and/or
    liability or other detriment, if any, whatsoever and whenever
    incurred, suffered, or claimed by the Executive.

 

		
	    6. 	
    Affirmations. Executive affirms that
    he/she has
    not filed, caused to be filed, or presently is a party to any
    claim, complaint, or action against the Released Parties in any
    forum or form, provided that this Release shall not affect the
    rights or responsibilities of the Equal Employment Opportunity
    Commission, or any other federal, state, or local authority with
    similar responsibilities (collectively, the
    “Commission”) to enforce any

    

    14

 

		
		
    employment discrimination law, and that this Release shall not
    shall affect the right of Executive to file a charge of
    discrimination with the Commission or participate in any
    investigation. However, Executive waives any right to
    participate in any payment or benefit arising from any such
    charge, claim, or investigation.

 

    Executive further affirms that
    he/she has
    reported all hours worked as of the date of this Release and has
    been paid
    and/or has
    received all leave (paid or unpaid), compensation, wages,
    bonuses, commissions,
    and/or
    benefits to which
    he/she may
    be entitled and that no other leave (paid or unpaid),
    compensation, wages, bonuses, commissions
    and/or
    benefits are due to him/her, except as provided specifically in
    this Release. Executive furthermore affirms that
    he/she has
    no known workplace injuries or occupational diseases and has
    been provided
    and/or has
    not been denied any leave requested under the Family and Medical
    Leave Act.

 

    Executive reaffirms that he or she will comply fully with
    Sections 7 through 9 of the CIC Agreement and that, if he
    or she violates such provisions, all consideration paid
    hereunder will be immediately due and payable back to the
    Company.

 

		
	    7. 
	    Governing Law and Interpretation. This
    Release shall be governed and conformed in accordance with the
    laws of the State of Texas, without regard to its conflict of
    laws provision. In the event the Executive or Company breaches
    any provision of this Release, Executive and Company affirm that
    either may institute an action to specifically enforce any term
    or terms of this Release. Should any provision of this Release
    be declared illegal or unenforceable by any court of competent
    jurisdiction and cannot be modified to be enforceable, excluding
    the general release language, such provision shall immediately
    become null and void, leaving the remainder of this Release in
    full force and effect.

	 
	    8. 
	    Non-admission of Wrongdoing. The parties
    agree that neither this Release nor the furnishing of the
    consideration for this Release shall be deemed or construed at
    anytime for any purpose as an admission by Company of any
    liability or unlawful conduct of any kind.

	 
	    9. 
	    Neutral Reference. If contacted by another
    organization, the Company will only provide dates of employment
    and position.

	 
	    10. 
	    Non-Disparagement. Executive
    agrees not to disparage, or make disparaging remarks or send any
    disparaging communications concerning, the Company, its
    reputation, its business,
    and/or its
    directors, officers and managers. Likewise the Company’s
    senior management agrees not to disparage, or make any
    disparaging remark or send any disparaging communication
    concerning Executive, his reputation
    and/or his
    business.

	 
	    11. 
	    Future Cooperation after Separation
    Date. After separation, Executive agrees to make
    reasonable efforts to assist Company including but not limited
    to: assisting with transition duties, assisting with issues that
    arise after separation of employment and assisting with the
    defense or prosecution of any lawsuit or claim. This includes
    but is not limited to providing deposition testimony, attending
    hearings and testifying on behalf of the Company. The Company
    will reimburse Executive for reasonable time and expenses in
    connection with any future cooperation after the separation
    date. Time and expenses can include loss of pay or using
    vacation time at a future employer. The Company shall reimburse
    the Executive within thirty (30) days of remittance by
    Executive to the Company of such time and expenses incurred, but
    in no event later than the end of the Executive’s tax year
    following the tax year in which the Executive incurs such time
    and expenses and such reimbursement obligation shall remain in
    effect for five years and the amount of expenses eligible for
    reimbursement hereunder during Executive’s tax year will
    not affect the expenses eligible for reimbursement in any other
    tax year. Notwithstanding the preceding sentence, if Executive
    is a Specified Employee on the Executive’s Termination
    Date, the reimbursement shall not be made until after six
    (6) months and one day following Executive’s
    Termination Date.

    

    15

 

 

		
	    12. 
	    Injunctive Relief. Executive agrees and
    acknowledges that the Company will be irreparably harmed by any
    breach, or threatened breach by him/her of this Agreement and
    that monetary damages would be grossly inadequate. Accordingly,
    he/she
    agrees that in the event of a breach, or threatened breach by
    him/her of this Agreement the Company shall be entitled to apply
    for immediate injunctive or other preliminary or equitable
    relief, as appropriate, in addition to all other remedies at law
    or equity.

	 
	    13. 
	    Review Period. Executive is hereby
    advised
    he/she has
    until [Insert Date], twenty-one (21) calendar days, to
    review this Release and to consult with an attorney prior to
    execution of this Release. Executive agrees that any
    modifications, material or otherwise, made to this Release do
    not restart or affect in any manner the original twenty-one
    (21) calendar day consideration period.

	 
	    14. 
	    Revocation Period and Effective
    Date. In the event that Executive elects to
    sign and return to the Company a copy of this Agreement,
    he/she has a
    period of seven (7) days (the “Revocation
    Period”) following the date of such execution to revoke
    this Release, after which time this agreement will become
    effective (the “Effective Date”) if not previously
    revoked. In order for the revocation to be effective, written
    notice must be received by the Company no later than close of
    business on the seventh day after the Executive signs this
    Release at which time the Revocation Period shall expire.

	 
	    15. 
	    Amendment. This Release may not be
    modified, altered or changed except upon express written consent
    of both parties wherein specific reference is made to this
    Release.

	 
	    16. 
	    Entire Agreement. This Release sets
    forth the entire agreement between the parties hereto, and fully
    supersedes any prior obligation of the Company to the Executive.
    Executive acknowledges that
    he/she has
    not relied on any representations, promises, or agreements of
    any kind made to him/her in connection with
    his/her
    decision to accept this Release, except for those set forth in
    this Release.

	 
	    17. 
	    HAVING ELECTED TO EXECUTE THIS AGREEMENT AND GENERAL RELEASE, TO
    FULFILL THE PROMISES AND TO RECEIVE THE SUMS AND BENEFITS IN
    SECTION 2 ABOVE, EXECUTIVE FREELY AND KNOWINGLY, AND AFTER
    DUE CONSIDERATION, ENTERS INTO THIS RELEASE INTENDING TO WAIVE,
    SETTLE AND RELEASE ALL CLAIMS HE/SHE HAS OR MIGHT HAVE AGAINST
    COMPANY.

 

    IN WITNESS WHEREOF, the parties hereto knowingly and voluntarily
    executed this Release as of the date set forth below.

 

	 	 	 
	

    EXECUTIVE:

	
 
	
    Celanese Corporation:

	
 
	
 
	
 

	

    By: ­
    ­

	
 
	
    By: ­
    ­

	
 
	
 
	
 

	

    Date: ­
    ­

	
 
	
    Date: ­
    ­

    

    16

 

    EXHIBIT B

    

 

    [List of
    Works]

    

    17

 

    Schedule I

 

    Gjon N. Nivica, Jr.

    Jacquelyn H. Wolf

    

    18exv10w8

 

    Exhibit 10.8
    

 

    

 

 

    CELANESE
    CORPORATION

    2009 GLOBAL INCENTIVE PLAN

    

    TIME-VESTING RESTRICTED STOCK UNIT AWARD AGREEMENT

    DATED <<GRANT DATE>>

    

    <<NAME>>

    

    <<# Units>> Units

 

 

    Pursuant to
    the terms and conditions of the Celanese Corporation 2009 Global
    Incentive Plan, you have been awarded Time-Vesting Restricted
    Stock Units, subject to the restrictions described in this
    agreement:
    

 

    This grant
    is made pursuant to the Time-Vesting Restricted Stock Unit Award
    Agreement dated as of <Grant Date>> between
    Celanese and you, which Agreement is attached hereto and made a
    part hereof.
    

 

    

    1

 

    CELANESE
    CORPORATION

    2009 GLOBAL INCENTIVE PLAN

    

    TIME-VESTING RESTRICTED STOCK UNIT AWARD AGREEMENT

    (Non-Employee Director)

 

    THIS AWARD AGREEMENT (the “Agreement”), is made
    effective as of <<Grant Date>> (the
    “Grant Date”), between Celanese Corporation, a
    Delaware corporation (the “Company”) and
    <<NAME>> (the “Participant”).
    Capitalized terms used, but not otherwise defined, herein shall
    have the meanings ascribed to such terms in the Celanese
    Corporation 2009 Global Incentive Plan (as amended from time to
    time, the “2009 Plan”).

 

    1. RSU Award: The Company hereby grants
    to the Participant, pursuant to the terms of the 2009 Plan and
    this Agreement, an award (the “Award”) of
    <<# Units>> Restricted Stock Units (the
    “RSUs”) representing the right to receive an equal
    number of Common Shares upon vesting. The Participant hereby
    acknowledges and accepts such Award upon the terms and subject
    to the conditions, restrictions and limitations contained in
    this Agreement and the 2009 Plan.

 

    2. Vesting of Restricted Stock Units:

 

    (a) Subject to Sections 2(b) and 2(c) below, the RSUs
    shall vest on the first anniversary of the Grant Date (the
    “Vesting Date”).

 

    (b) Change in Control.  Notwithstanding
    any other provision of this Agreement to the contrary, upon the
    occurrence of a Change in Control, the RSUs, to the extent not
    previously forfeited or canceled, shall immediately vest and a
    number of Common Shares equal to such RSUs shall be delivered to
    the Participant within thirty (30) days of the occurrence
    of such Change in Control.

 

    (c) Termination of Service.

 

    (i) Upon the termination of the Participant’s service
    with the Company due to the Participant’s death or
    Disability, a prorated portion of RSUs will vest in an amount
    equal to (i) the number of unvested RSUs multiplied by
    (ii) a fraction, the numerator of which is the number of
    complete calendar months from the Grant Date to the date of
    termination, and the denominator of which is twelve (12), the
    number of full calendar months in the Vesting Period, such
    product to be rounded up to the nearest whole number. The
    prorated number of RSUs shall vest and a number of Common Shares
    equal to such prorated number of RSUs shall be delivered to the
    Participant within thirty (30) days following the
    applicable Vesting Date. The remaining portion of the Award
    shall be forfeited and cancelled without consideration.

 

    (ii) Upon the termination of the Participant’s service
    with the Company for any other reason, the Award shall be
    forfeited and cancelled without consideration.

 

    3. Settlement of RSUs: Subject to
    Section 2 of this Agreement, and except to the extent the
    Participant has elected that delivery be deferred in accordance
    with the rules and procedures prescribed by the Committee (which
    rules and procedures, among other things, shall be consistent
    with the requirements of Section 409A of the Code), the
    Company shall deliver to the Participant (or to a
    Company-designated

    

    2

 

    brokerage) as soon as practicable following the Vesting Date
    (but in no event later than
    21/2
    months after the Vesting Date), in complete settlement of all
    vested RSUs, a number of Common Shares equal to the number of
    vested RSUs that have not previously been settled.

 

    4. Rights as a Stockholder: The
    Participant shall have no voting, dividend or other rights as a
    stockholder with respect to the Award until the RSUs have vested
    and Common Shares have been delivered pursuant to this Agreement.

 

    5. Non-Transferability of Award: The
    RSUs may not be assigned, alienated, pledged, attached, sold or
    otherwise transferred or encumbered by the Participant other
    than by will or by the laws of descent and distribution, and any
    such purported assignment, alienation, pledge, attachment, sale,
    transfer or encumbrance shall be void and unenforceable against
    the Company; provided, that the Participant may designate a
    beneficiary, on a form provided by the Company, to receive any
    portion of the Award payable hereunder following the
    Participant’s death.

 

    6. Securities Laws: The Company may
    impose such restrictions, conditions or limitations as it
    determines appropriate as to the timing and manner of any
    resales by the Participant or other subsequent transfers by the
    Participant of any Common Shares issued as a result of the
    vesting of the RSUs, including without limitation
    (a) restrictions under an insider trading policy, and
    (b) restrictions as to the use of a specified brokerage
    firm for such resales or other transfers. Upon the acquisition
    of any Common Shares pursuant to the vesting of the RSUs, the
    Participant will make or enter into such written
    representations, warranties and agreements as the Company may
    reasonably request in order to comply with applicable securities
    laws or with this Agreement and the 2009 Plan. All accounts in
    which such Common Shares are held or any certificates for Common
    Shares shall be subject to such stop transfer orders and other
    restrictions as the Company may deem advisable under the rules,
    regulations and other requirements of the Securities and
    Exchange Commission, any stock exchange or quotation system upon
    which the Common Shares are then listed or quoted, and any
    applicable federal or state securities law, and the Company may
    cause a legend or legends to be put on any such certificates (or
    other appropriate restrictions
    and/or
    notations to be associated with any accounts in which such
    Common Shares are held) to make appropriate reference to such
    restrictions.

 

    7. Severability: In the event that any
    provision of this Agreement is declared to be illegal, invalid
    or otherwise unenforceable by a court of competent jurisdiction,
    such provision shall be reformed, if possible, to the extent
    necessary to render it legal, valid and enforceable, or
    otherwise deleted, and the remainder of this Agreement shall not
    be affected except to the extent necessary to reform or delete
    such illegal, invalid or unenforceable provision.

 

    8. Further Assurances: Each party shall
    cooperate and take such action as may be reasonably requested by
    either party hereto in order to carry out the provisions and
    purposes of this Agreement.

 

    9. Binding Effect: The Award and this
    Agreement shall inure to the benefit of and be binding upon the
    parties hereto and their respective permitted heirs,
    beneficiaries, successors and assigns.

 

    10. Electronic Delivery: By executing
    this Agreement, the Participant hereby consents to the delivery
    of any and all information (including, without limitation,
    information required to be delivered to the Participant pursuant
    to applicable securities laws), in whole or in part, regarding
    the Company and its subsidiaries, the 2009 Plan, and the Award
    via the Company’s or plan administrator’s web site or
    other means of electronic delivery.

    

    3

 

    11. Governing Law: This Agreement shall
    be governed by and construed in accordance with the laws of the
    state of Delaware, without regard to the conflicts of laws
    provisions thereof.

 

    12. Restricted Stock Units Subject to
    Plan: By entering into this Agreement the
    Participant agrees and acknowledges that the Participant has
    received and read a copy of the 2009 Plan and the 2009
    Plan’s prospectus. The RSUs and the Common Shares issued
    upon vesting of such RSUs are subject to the 2009 Plan, which is
    hereby incorporated by reference. In the event of any conflict
    between any term or provision of this Agreement and a term or
    provision of the 2009 Plan, the applicable terms and provisions
    of the 2009 Plan shall govern and prevail.

 

    13. Validity of Agreement: This
    Agreement shall be valid, binding and effective upon the Company
    on the Grant Date. However, the RSUs granted pursuant to this
    Agreement shall be forfeited by the Participant and this
    Agreement shall have no force and effect if it is not duly
    executed by the Participant and delivered to the Company on or
    before <<Validity Date>>.

 

    14. Definitions: The following terms
    shall have the following meanings for purposes of this
    Agreement, notwithstanding any contrary definition in the 2009
    Plan:

 

    (a) “Change in Control” shall mean, in
    accordance with Treasury Regulation
    Section 1.409A-3(i)(5),
    any of the following:

 

    (i) any one person, or more than one person acting as a
    group, acquires ownership of stock of the Company that, together
    with stock held by such person or group, constitutes more than
    50% of the total voting power of the stock of the
    Company; or

 

    (ii) a majority of members of the Board is replaced during
    any 12-month
    period by directors whose appointment or election is not
    endorsed by a majority of the members of the Board prior to the
    date of the appointment or election; or

 

    (iii) 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 Company that have a total
    gross fair market value equal to 50% or more of all of the
    assets of the Company immediately prior to such acquisition or
    acquisitions.

 

    (b) “Disability” has the same meaning as
    “Disability” in the Celanese Corporation 2008 Deferred
    Compensation Plan or such other meaning as determined by the
    Committee in its sole discretion.

 

    IN WITNESS WHEREOF, this Agreement has been accepted and agreed
    to by the undersigned.

 

              

 

    <<NAME>>, Director

    

    4

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