Document:

EX-10.5

 

Exhibit 10.5

A. SCHULMAN, INC.

2006 INCENTIVE PLAN

INSTRUCTIONS FOR COMPLETING TIME-BASED RESTRICTED STOCK

AWARD AGREEMENT FOR NON-EMPLOYEE DIRECTORS

Code Sheet

The following codes are used in this Award Agreement and should be replaced using your computer’s
“Replace” function.

	 	 	 	 	 
	 

	 	VTA
	 	Grantee’s name (all capital letters)
	 
	 	 	 	 
	 

	 	VTB
	 	Grant Date (all capital letters)
	 
	 	 	 	 
	 

	 	Vtb
	 	Grant Date (initial capital letters only)
	 
	 	 	 	 
	 

	 	Vtc
	 	Person to contact for more information
	 
	 	 	 	 
	 

	 	Vtd
	 	Contact’s telephone number, including area code
	 
	 	 	 	 
	 

	 	Vte
	 	Date that is 30 days after the Grant Date (initial capital letters only)
	 
	 	 	 	 
	 

	 	Vtf
	 	Number of Shares of Restricted Stock granted (insert only the number in
Arabic numerals)
	 
	 	 	 	 
	 

	 	Vtg
	 	Contact’s street address
	 
	 	 	 	 
	 

	 	Vth
	 	Contact’s city, state and zip code
	 
	 	 	 	 
	 

	 	Vti
	 	Calendar year in which grant is made (e.g., 2008)
	 
	 	 	 	 
	 

	 	Vtq
	 	Grantee’s name (initial capital letters only)

 

 

A. SCHULMAN, INC.

2006 INCENTIVE PLAN

TIME-BASED RESTRICTED STOCK AWARD AGREEMENT GRANTED TO

VTA on VTB

A. Schulman, Inc. (“Company”) believes that its business interests are best served by extending to
you an opportunity to earn additional compensation based on the growth of the Company’s business.
To this end, the Company adopted, and its stockholders approved, the A. Schulman, Inc. 2006
Incentive Plan (“Plan”) as a means through which non-employee directors like you may share in the
Company’s success. Capitalized terms that are not defined herein shall have the same meanings as
in the Plan.

This Award Agreement describes many features of your Award and the terms and conditions of your
Award. To ensure you fully understand these terms and conditions, you should:

	 	•	 	Read the Plan carefully to ensure you understand how the Plan works;
	 
	 	•	 	Read this Award Agreement carefully to ensure you understand the nature of
your Award and what you must do to earn it; and
	 
	 	•	 	Contact Vtc at Vtd if you have any questions about your Award.

Also, no later than Vte, you must return a signed copy of the Award Agreement to:

     Vtc

     A. Schulman, Inc.

     Vtg

     Vth

Nature of Your Award

You have been granted Shares of Restricted Stock. If the terms and conditions described in this
Award Agreement and the Plan are satisfied, the restrictions imposed on your Restricted Stock will
lapse and you will own the Shares. These and other conditions affecting your Restricted Stock are
described in this Award Agreement and the Plan, both of which you should read carefully.

Grant Date: Vtb.

Number of Shares of Restricted Stock: You have been granted Vtf Shares of Restricted Stock, subject
to the terms and conditions of this Award Agreement and the Plan.

1

 

When Your Award Will Vest

Until the terms and conditions described in this Award Agreement and the Plan are met, your Shares
of Restricted Stock will be held in escrow. Your Shares of Restricted Stock will be either released
from escrow and distributed to you, free of any restrictions, or forfeited, depending on whether or
not the terms and conditions described in this Award Agreement and the Plan are satisfied.

Normal Settlement Date: Normally, subject to your continued service on the Board or any Related
Board, restrictions on 33 1/3 % of your Shares of Restricted Stock will lapse (i.e., your Shares of
Restricted Stock will vest) on each of the first, second, and third anniversaries of the Grant
Date. For purposes of this Agreement, each 12-month period ending on an anniversary of the Grant
Date shall be referred to as a “Vesting Year.”

However, your Restricted Stock may vest earlier in the circumstances described below.

How Your Restricted Stock Might Vest Earlier Than the Normal Settlement Date: Your Restricted Stock
will immediately vest if there is a Change in Control.

How Your Termination Will Affect Your Restricted Stock: You may forfeit your Restricted Stock if
you Terminate before the Normal Settlement Date, although this will depend on why you Terminate.

	 	•	 	If you Terminate because of [1] death or [2] Disability, your Restricted
Stock will fully vest on your Termination date.
	 
	 	•	 	If you Terminate because of Retirement and if the Committee agrees to treat
your Termination as a Retirement, a prorata portion of your Restricted Stock will vest
on your Retirement date equal to: [1] the number of unvested Shares of Restricted
Stock that would have become vested if you had remained employed through the end of
the Vesting Year in which you Terminate, multiplied by [2] a fraction, the numerator
of which is the number of whole months you were employed during such Vesting Year and
the denominator of which is 12.
	 
	 	•	 	If you Terminate under any other circumstances, all of the Restricted Stock
granted through this Award Agreement will be forfeited on your Termination date.

Settling Your Award

If the restrictions on your Restricted Stock lapse, your Restricted Stock will be settled
automatically.

2

 

Other Rules Affecting Your Award

Rights During the Restriction Period: During the Restriction Period (and even though the Shares of
Restricted Stock are held in escrow until they are settled), you may exercise any voting rights
associated with your Shares of Restricted Stock. You also will be entitled to receive any dividends
or other distributions paid during the Restriction Period with respect to your Shares of Restricted
Stock, although such dividends and other distributions also will be held in escrow and subject to
the same restrictions on transferability and forfeitability as the Shares of Restricted Stock with
respect to which they were paid under this Award Agreement until the Restricted Stock is settled
and distributed to you (or forfeited), depending on whether or not you have met the conditions
described in this Award Agreement and the Plan.

Beneficiary Designation: You may name a beneficiary or beneficiaries to receive any portion of your
Award and any other right under the Plan that is unexercised or unsettled at your death. To do so,
you must complete a new beneficiary designation form by contacting Vtc at Vtd or the address below.
If you die without completing a beneficiary designation form or if you do not complete that form
correctly, your beneficiary will be your surviving spouse or, if you do not have a surviving
spouse, your estate.

Transferring Your Restricted Stock: Normally, your Restricted Stock may not be transferred to
another person. However, as described above, you may complete a beneficiary designation form to
name the person to receive any Restricted Stock that is settled after you die. Also, the Committee
may allow you to transfer your Restricted Stock to certain Permissible Transferees, including a
trust established for your benefit or the benefit of your family. Contact Vtc at the address or
number given below if you are interested in doing this.

Governing Law: This Award Agreement will be construed in accordance with and governed by the laws
(other than laws governing conflicts of laws) of the State of Ohio, except to the extent that the
Delaware General Corporation Law is mandatorily applicable.

Other Agreements: Also, your Restricted Stock will be subject to the terms of any other written
agreements between you and the Company or a Related Entity to the extent that those other
agreements do not directly conflict with the terms of the Plan or this Award Agreement.

Adjustments to Your Restricted Stock: Subject to the terms of the Plan, your Award will be
adjusted, if appropriate, to reflect any change to the Company’s capital structure (e.g., the
number of Shares of Restricted Stock will be adjusted to reflect a stock split).

Other Rules: Your Restricted Stock also is subject to more rules described in the Plan. You should
read the Plan carefully to ensure you fully understand all the terms and conditions of this Award.

3

 

*****

You may contact Vtc at the address or number given below if you have any questions about your Award
or this Award Agreement.

*****

Your Acknowledgment of Award Conditions

Note: You must sign and return a copy of this Award Agreement to Vtc at the address given below no
later than Vte.

By signing below, I acknowledge and agree that:

	 	•	 	A copy of the Plan has been made available to me;
	 
	 	•	 	I understand and accept the conditions placed on my Award and understand what
I must do to earn my Award;
	 
	 	•	 	I will consent (in my own behalf and in behalf of my beneficiaries and
without any further consideration) to any change to my Award or this Award Agreement
to avoid paying penalties under Section 409A of the Code, even if those changes affect
the terms of my Award and reduce its value or potential value; and
	 
	 	•	 	I must return a signed copy of this Award Agreement to the address shown
below by Vte.

	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	VTA	 	 	 	A. SCHULMAN, INC.	 	 
	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 

	 	 	 	 	 	 	 	By: 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 
	(signature)	 	 	 	 	 	 	 	 	 	 	 	 
	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	Date signed:	 	 	 	 	 	Date signed:	 	 	 	 
	 

	 	 	 	 
	 	 	 	 	 	 	 	 	 	 

A signed copy of this Award Agreement must be sent to the following address no later than Vte:

     Vtc

     A. Schulman, Inc.

     Vtg

     Vth

     Vtd

4

 

A. SCHULMAN, INC.

2006 INCENTIVE PLAN

INSTRUCTIONS FOR COMPLETING SECTION 83(b) ELECTION FORM

You may make a Section 83(b) Election by completing the Section 83(b) Election Form. To do this:

	 	•	 	You must make the election by completing the attached form;
	 
	 	•	 	Within 30 days of Vtb, you must send a copy of this form to the internal revenue
office at which you file your federal income tax return;
	 
	 	•	 	A copy of this form must be submitted with your income tax return for the taxable
year in which the property is transferred; and
	 
	 	•	 	You also must send a copy of this form to:

          Vtc

          A. Schulman, Inc.

          Vtg

          Vth

5

 

A. SCHULMAN, INC.

2006 INCENTIVE PLAN

ELECTION UNDER SECTION 83(b)

OF THE INTERNAL REVENUE CODE OF 1986, AS AMENDED

The undersigned taxpayer hereby elects, pursuant to Section 83(b) of the Internal Revenue Code of
1986, as amended, to include in taxpayer’s gross income for the current taxable year, the amount of
any income that may be taxable to taxpayer in connection with taxpayer’s receipt of the property
described below:

	1.	 	The name, address, taxpayer identification number and taxable year of the
undersigned are as follows:
	 
	 	 	NAME OF TAXPAYER: Vtq
	 
	 	 	ADDRESS:         
             
              
             
            
	 
	 	 	            
             
              
             
             
           
     
	 
	 	 	            
            
             
            
              
             
     
	 
	 	 	IDENTIFICATION NUMBER OF TAXPAYER:     
            
            
              
          
        
	 
	 	 	TAXABLE YEAR: Calendar year Vti
	 
	2.	 	The property with respect to which the election is made is:
	 
	 	 	Vtf shares of the common stock of A. Schulman, Inc., a Delaware corporation
(“Company”).
	 
	3.	 	The date on which the property was transferred is: Vtb.
	 
	4.	 	The property is subject to the following restrictions:
	 
	 	 	Forfeiture of:
	 
	 	 	______ shares in favor of the Company if service terminates before
           
            
    
             .
	 
	 	 	______ shares in favor of the Company if service terminates before
           
            
      
           .
	 
	 	 	______ shares in favor of the Company if service terminates before
           
           
     
             .
	 
	 	 	Restrictions may lapse earlier upon the death or disability (as defined in the A.
Schulman, Inc. 2006 Incentive Plan (the “Plan”)) of the taxpayer or

6

 

	 	 	in the event of a change in control (as defined in the Plan). In the event of the
retirement (as defined in the Plan) of the taxpayer, a prorata portion of the
Shares will be forfeited in favor of the Company.

	5.	 	The fair market value at the time of transfer, determined without regard to any
restriction other than a restriction which by its terms will never lapse, of such
property is: $                    .
	 
	6.	 	The amount (if any) paid for such property: $00.00.

The undersigned has submitted a copy of this statement to the Company. The transferee of such
property is the person performing the services in connection with the transfer of said property.

The undersigned understands that the foregoing election may not be revoked except with the consent
of the Commissioner.

Dated:                                              

	 	 	 	 	 
	 	 	 
	 	
 	 
	 	          Vtq 	 
	 	 	 
	 

7EX-10.6

 

Exhibit 10.6

A. SCHULMAN, INC.

2006 INCENTIVE PLAN

INSTRUCTIONS FOR COMPLETING TIME-BASED AND PERFORMANCE-BASED

RESTRICTED STOCK UNIT AWARD AGREEMENT

FOR EMPLOYEES IN MEXICO, CANADA AND EUROPE

Code Sheet

The following codes are used in this Award Agreement and should be replaced using your computer’s
“Replace” function.

	 	VTA	 	Grantee’s name (all capital letters)
	 
	 	VTB	 	Grant Date (all capital letters)
	 
	 	Vtb	 	Grant Date (initial capital letters only)
	 
	 	Vtc	 	Person to contact for more information
	 
	 	Vtd	 	Contact’s telephone number, including area code
	 
	 	Vte	 	Date that is 30 days after the Grant Date (initial capital letters only)
	 
	 	Vtf	 	Number of Time-based Restricted Stock Units granted (insert only the number in Arabic numerals)
	 
	 	Vtg	 	Number of Performance-based Restricted Stock Units granted (insert only the number in Arabic numerals)
	 
	 	Vth	 	Contact’s street address
	 
	 	Vti	 	Contact’s city, state and zip code

 

 

A. SCHULMAN, INC.

2006 INCENTIVE PLAN

TIME-BASED AND PERFORMANCE-BASED RESTRICTED STOCK UNIT

AWARD AGREEMENT GRANTED TO VTA on VTB

A. Schulman, Inc. (“Company”) believes that its business interests are best served by extending to
you an opportunity to earn additional compensation based on the growth of the Company’s business.
To this end, the Company adopted, and its stockholders approved, the A. Schulman, Inc. 2006
Incentive Plan (“Plan”) as a means through which employees like you may share in the Company’s
success. Capitalized terms that are not defined herein shall have the same meanings as in the
Plan.

This Award Agreement describes many features of your Award and the terms and conditions of your
Award. To ensure you fully understand these terms and conditions, you should:

	 	•	 	Read the Plan carefully to ensure you understand how the Plan works;
	 
	 	•	 	Read this Award Agreement carefully to ensure you understand the nature of your Award
and what you must do to earn it; and
	 
	 	•	 	Contact Vtc at Vtd if you have any questions about your Award.

Also, no later than Vte, you must return a signed copy of the Award Agreement to:

Vtc

A. Schulman, Inc.

Vth

Vti

Nature of Your Award

You have been granted Restricted Stock Units. Each Restricted Stock Unit represents the right to
receive cash equal to the Fair Market Value of a Share subject to the terms and conditions of this
Award Agreement and the Plan. The conditions affecting your Restricted Stock Units are described
in this Award Agreement and the Plan, both of which you should read carefully.

Grant Date: Vtb.

Number of Restricted Stock Units: You have been granted Vtf Restricted Stock Units (“Time-based
Restricted Stock Units”) and Vtg Restricted Stock Units (“Performance-based Restricted Stock
Units”), subject to the terms and conditions of this Award Agreement and the Plan. The Time-based
Restricted Stock Units and the Performance-based Restricted Stock Units are hereinafter referred to
collectively as the “Restricted Stock Units.”

1

 

When Your Award Will Vest

Your Restricted Stock Units will be settled or will be forfeited depending on whether the
applicable terms and conditions have been met.

	[1]	 	 Time-based Restricted Stock Units
	 
	 	 	Normal Time-based Vesting Date: Normally, subject to your continued employment with the
Company or a Related Entity, your Time-based Restricted Stock Units will vest with respect
to 33 1/3% of the Shares underlying such Time-based Restricted Stock Units on each of the
first, second and third anniversaries of the Grant Date. For purposes of this Section [1],
each 12-month period ending on an anniversary of the Grant Date shall be referred to as a
“Vesting Year.”
	 
	 	 	However, your Time-based Restricted Stock Units may vest earlier in the circumstances
described below.
	 
	 	 	How Your Time-based Restricted Stock Units Might Vest Earlier Than the Normal Time-based
Vesting Date: Your Time-based Restricted Stock Units will immediately vest if there is a
Change in Control.
	 
	 	 	How Your Termination Will Affect Your Time-based Restricted Stock Units: You may forfeit
your Time-based Restricted Stock Units if you Terminate before the Normal Time-based Vesting
Date, although this will depend on why you Terminate.

	 	•	 	If you Terminate because of [a] death or [b] Disability, your Time-based
Restricted Stock Units will fully vest on your Termination date.
	 
	 	•	 	If you Terminate because of Retirement and if the Committee agrees to treat your
Termination as a Retirement, a prorata portion of your Time-based Restricted Stock
Units will vest on your Retirement date equal to [1] the number of unvested Shares
of Restricted Stock that would have become vested if you had remained employed
through the end of the Vesting Year in which you Terminate, multiplied by [2] a
fraction, the numerator of which is the number of whole months you were employed
during such Vesting Year and the denominator of which is 12.
	 
	 	•	 	If you Terminate under any other circumstances, all of the Time-based Restricted
Stock Units granted through this Award Agreement will be forfeited on your
Termination date.

	[2]	 	Performance-based Restricted Stock Units
	 
	 	 	Normal Performance-based Vesting Date: Except as otherwise provided in this Award
Agreement:

[a] If the Company’s total shareholder return (as described below) for the
Performance Period is below the 25th percentile (i.e., 75% of the companies

2

 

perform better), all of your Performance-based Restricted Stock Units will be
forfeited.

[b] If the Company’s total shareholder return for the Performance Period meets or
exceeds the 25th percentile, but is below the 50th percentile, one-third of your
Performance-based Restricted Stock Units will vest.

[c] If the Company’s total shareholder return for the Performance Period meets or
exceeds the 50th percentile, but is below the 75th percentile, two-thirds of your
Performance-based Restricted Stock Units will vest.

[d] If the Company’s total shareholder return for the Performance Period meets or
exceeds the 75th percentile, all of your Performance-based Restricted Stock Units
will vest.

“Total shareholder return” for the Performance Period is calculated by first taking
the theoretical value of $100 invested in the Shares at the 30-day average price of
the Shares as of the Grant Date (i.e., the average daily closing price over the
30-day period preceding the Grant Date) and the theoretical value of $100 invested
with each of the peer group companies using the same 30-day average methodology as
of the Grant Date. On the third anniversary of the Grant Date (the “Normal
Performance-based Vesting Date”), the value of the Shares (using the average daily
closing price over the 30 days preceding the Normal Performance-based Vesting Date
and assuming all dividends are reinvested) is compared with the value of each of the
peer group companies (using the same 30-day average methodology as of the Normal
Performance-based Vesting Date and again assuming that all dividends are
reinvested).

For purposes of the Performance-based Restricted Stock Units granted pursuant to this Award
Agreement, the Performance Period is the period beginning on the Grant Date and ending on
the third anniversary thereof.

However, your Performance-based Restricted Stock Units may vest earlier in the circumstances
described below.

How Your Performance-based Restricted Stock Units Might Vest Earlier Than the Normal
Performance-based Vesting Date: Your Performance-based Restricted Stock Units will
immediately vest and all performance objectives will be deemed to have been met if there is
a Change in Control.

How Your Termination Will Affect Your Performance-based Restricted Stock Units: You may
forfeit your Performance-based Restricted Stock Units if you Terminate before the Normal
Performance-based Vesting Date, although this will depend on why you Terminate.

[A] If you Terminate because of [i] death, [ii] Disability or [iii] after qualifying
for Retirement if the Committee agrees to treat your Termination as a Retirement, a
prorata portion of your Performance-based Restricted Stock Units granted through
this Award Agreement will vest but only if the performance

3

 

criteria described above are actually met at the Normal Performance-based Vesting
Date:

	 	 	 	 	 	 
	Number of
Performance-based Restricted Stock Units that would have vested
if you had not
Terminated before the
Normal Performance-based
Vesting Date

	 	X
	 	the number of whole months between the Grant Date and your Termination date	 
	 	 	 	36	 

If those performance criteria are not met, all of your Performance-based Restricted
Stock Units will be forfeited.

[B] If you Terminate under any other circumstances, all of the Performance-based
Restricted Stock Units granted through this Award Agreement will be forfeited.

Settling Your Award

Your vested Restricted Stock Units will be settled within 60 days following the applicable vesting
date for a cash payment equal to the whole number of vested Restricted Stock Units to be settled,
multiplied by the Fair Market Value of a Share on the applicable settlement date. All Restricted
Stock Units relating to fractional Shares will be cancelled without any consideration.

Other Rules Affecting Your Award

Rights During the Restriction and Performance Periods:

[1] During the Restriction Period or Performance Period, as applicable, you will have no
voting rights with respect to the Shares underlying your Restricted Stock Units.

[2] You shall be entitled to receive any cash dividends that are declared and paid during
the Restriction Period with respect to the Shares underlying your Time-based Restricted
Stock Units, subject to the terms and conditions of the Plan and this Award Agreement. If a
cash dividend is declared and paid during the Restriction Period on Shares underlying your
Time-based Restricted Stock Units, you will be deemed to have been credited with a cash
amount equal to the product of [a] the number of Time-based Restricted Stock Units that have
not been settled or forfeited as of the dividend payment date, multiplied by [b] the amount
of the cash dividend per Share. Such amount shall be subject to the same terms and
conditions as your Time-based Restricted Stock Units and shall vest and be settled in cash
if, when and to the extent the related Time-based Restricted Stock Units vest and are
settled. In the event a Time-based Restricted Stock Unit is forfeited under this Award
Agreement, the related dividends will also be forfeited.

[3] You shall be entitled to receive any cash dividends that are declared and paid during
the Performance Period with respect to the Shares underlying two-thirds of your
Performance-based Restricted Stock Units (the “Target Units”), subject to the terms and

4

 

conditions of the Plan and this Award Agreement. If a cash dividend is declared and paid
during the Performance Period on the Shares underlying the Target Units, you will be deemed
to have been credited with a cash amount equal to the product of [a] the number of Target
Units that have not been settled or forfeited as of the dividend payment date, multiplied by
[b] the amount of the cash dividend paid per Share. Such amount shall be subject to the
same terms and conditions as the related Target Units and shall vest and be settled in cash
if, when and to the extent the related Target Units vest and are settled. In the event a
Target Unit is forfeited under this Award Agreement, the related dividends will also be
forfeited.

Beneficiary Designation: You may name a beneficiary or beneficiaries to receive any Restricted
Stock Units and any other right under the Plan that is unexercised or unsettled at your death. To
do so, you must complete a new beneficiary designation form by contacting Vtc at Vtd or the address
below. If you die without completing a beneficiary designation form or if you do not complete that
form correctly, your beneficiary will be your surviving spouse or, if you do not have a surviving
spouse, your estate.

Tax Withholding: Applicable withholding taxes must be withheld with respect to your Award. These
taxes may be paid in one of several ways. They are:

	 	•	 	By the Company withholding this amount from other amounts owed to you (e.g., from
your salary);
	 
	 	•	 	By giving the Company a check (payable to “A. Schulman, Inc.”) in an amount equal to
the taxes that must be withheld; or
	 
	 	•	 	By having the Company withhold a portion of the cash payment that otherwise would be
distributed to you equal to the taxes that must be withheld.

You must choose the approach you prefer before the Restricted Stock Units are settled, although the
Company may reject your preferred method for any reason (or for no reason). If this happens or if
you do not choose a method within 30 days of the applicable settlement date, the Company will
specify (from among the alternatives just listed) how these taxes are to be paid.

Transferring Your Restricted Stock Units: Normally, your Restricted Stock Units may not be
transferred to another person. However, as described above, you may complete a beneficiary
designation form to name the person to receive any Restricted Stock Units that are settled after
you die. Also, the Committee may allow you to transfer your Restricted Stock Units to certain
Permissible Transferees, including a trust established for your benefit or the benefit of your
family. Contact Vtc at the address or number given below if you are interested in doing this.

Governing Law: This Award Agreement will be construed in accordance with and governed by the laws
(other than laws governing conflicts of laws) of the State of Ohio, except to the extent that the
Delaware General Corporation Law is mandatorily applicable.

Other Agreements: Also, your Restricted Stock Units will be subject to the terms of any other
written agreements between you and the Company or a Related Entity to the extent that those other
agreements do not directly conflict with the terms of the Plan or this Award Agreement.

5

 

Adjustments to Your Restricted Stock Units: Subject to the terms of the Plan, your Award will be
adjusted, if appropriate, to reflect any change to the Company’s capital structure (e.g., the
number of your Restricted Stock Units will be adjusted to reflect a stock split).

Other Rules: Your Restricted Stock Units also are subject to more rules described in the Plan.
You should read the Plan carefully to ensure you fully understand all the terms and conditions of
this Award.

*****

You may contact Vtc at the address or number given below if you have any questions about your Award
or this Award Agreement.

*****

6

 

Your Acknowledgment of Award Conditions

Note: You must sign and return a copy of this Award Agreement to Vtc at the address given below no
later than Vte.

By signing below, I acknowledge and agree that:

	 	•	 	A copy of the Plan has been made available to me;
	 
	 	•	 	I understand and accept the conditions placed on my Award and understand what I must
do to earn my Award;
	 
	 	•	 	I will consent (in my own behalf and in behalf of my beneficiaries and without any
further consideration) to any change to my Award or this Award Agreement to avoid
paying penalties under Section 409A of the Code, even if those changes affect the terms
of my Award and reduce its value or potential value; and
	 
	 	•	 	I must return a signed copy of this Award Agreement to the address shown below by
Vte.

	 	 	 	 	 	 	 
	VTA
 	 	A. SCHULMAN, INC.

 	 
	 	 	By:  	 	 
	(signature)	 	 	 	 
	 
	Date signed: 
	 	Date signed: 
	 
	 

A signed copy of this Award Agreement must be sent to the following address no later than Vte:

Vtc

A. Schulman, Inc.

Vth

Vti

Vtd

7

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