Document:

exv10w2

 

Exhibit 10.2

AWARD TERMS OF

TIME-VESTED RESTRICTED STOCK UNITS GRANTED TO A NONEMPLOYEE DIRECTOR UNDER THE

DUPONT EQUITY AND INCENTIVE PLAN

	 	 	 
	Introduction

	 	You have been granted time-vested restricted DuPont
common stock units under the E.I. du Pont de Nemours
and Company Equity and Incentive Plan (“Plan”),
subject to the following Award Terms. This grant is
also subject to the terms of the Plan, which is
hereby incorporated by reference. However, to the
extent that an Award Term conflicts with the Plan,
the Plan shall govern. A copy of the Plan, and other
Plan-related materials, such as the Plan prospectus,
are available upon request or on the Merrill Lynch
website.
	 
	 	 
	Date of Grant

	 	[___]
	 
	 	 
	Type of Awards

	 	Time-vested restricted DuPont common stock units
	 
	 	 
	Dividend Equivalents

	 	Dividends payable on the shares represented by your units
(including whole and fractional units) will be allocated to your account in the
form of units (whole and fractional) based upon the closing stock price on the
date of the dividend payment.
	 
	 	 
	Restricted Period

	 	You may not sell, gift, or otherwise transfer or
dispose of any of the units during the “Restricted
Period.” The Restricted Period commences on the Date
of Grant and lapses as set forth herein.
	 
	 	 
	 

	 	On [FIRST ANNIVERSARY OF DATE OF GRANT], the Restricted Period will lapse
with respect to one-third (1/3) of the units, including dividend
equivalents (rounded down to the next full unit).
	 
	 	 
	 

	 	On [SECOND ANNIVERSARY OF DATE OF GRANT], the Restricted Period will lapse
with respect to one-third (1/3) of the units, including dividend
equivalents (rounded down to the next full unit).
	 
	 	 
	 

	 	On [THIRD ANNIVERSARY OF DATE OF GRANT], the Restricted Period will lapse
with respect to the remaining units, including dividend equivalents.
	 
	 	 
	 

	 	In the event of a Change of Control (as defined in the Plan) the
Restricted Period with respect to all units will lapse.

Termination

of Services

	 	 	 	 	 
	 

	 	Due to Retirement from the Board
	 	If you are a
director for six
months following
the Date of Grant,
the units will remain subject to
the Restricted
Period set forth
above.

 

 

	 	 	 	 	 
	 
	 	 	 	 
	 

	 	Due to Total and Permanent Disability or Death
	 	If you are a
director for six
months following
the Date of Grant,
the Restricted
Period on all units
will lapse.

	 	 	 
	Payment

	 	Units shall be paid to you or your beneficiary (or
estate, if there is no beneficiary), as applicable, as
soon as practicable after the Restricted Period on such
units lapses, but in no event later than the last day of
your first taxable year ending after the date on which
the Restricted Period lapses. Units are payable in one
share of DuPont common stock for each whole unit and a
cash payment for any fraction of a unit. The value of
each fractional unit will be based on the average high
and low prices of DuPont common stock as reported on the
Composite Tape of the New York Stock Exchange as of the
effective date of payment.
	 
	 	 
	Other Forfeiture

	 	If you engage in misconduct, the Company may demand that
you repay this Award, or cash payments you received as a
result of this Award, within ten (10) days following
written demand by the Company. “Misconduct” is defined
in the Plan, and includes, but is not limited to,
termination for cause (also defined in the Plan) or the
breach of a noncompete or confidentiality agreement.
	 
	 	 
	Change of Control

	 	In the event of a Change of Control in which the
consideration paid to the stockholders is solely cash,
the Compensation Committee may provide that any units
will be cancelled in exchange for a cash payment equal
to the consideration paid per share of stock in the
Change of Control multiplied by the number of your
units.
	 
	 	 
	Deferral

	 	You may defer the settlement of this Award in accordance
with the procedures established by the Company for that
purpose.
	 
	 	 
	Withholding

	 	Proceeds from vesting of RSUs are subject to various
income taxes, including but not limited to Federal,
self-employment tax, and City of Wilmington. For U.S.
residents, the Company is not required nor does it
withhold taxes from your proceeds, however the Company
will report proceeds on a Form 1099-MISC, Non-employee
compensation. Grantees are encouraged to consult a tax
professional on more specifics. For non-U.S. residents,
unless the compensation is deferred or subject to a
treaty exception, the Company is required to withhold
taxes at a rate of 30%, and the Company will report such
non-deferred proceeds on a Form 1042-S.exv10w10

 

Exhibit 10.10

AWARD TERMS OF

STOCK APPRECIATION RIGHTS GRANTED UNDER THE

DUPONT EQUITY AND INCENTIVE PLAN

	 	 	 
	Introduction

	 	You have been granted stock appreciation rights (SARs)
under the E.I. du Pont de Nemours and Company Equity and
Incentive Plan (“Plan”), subject to the following Award
Terms. This grant is also subject to the terms of the
Plan itself, which is hereby incorporated by reference.
However, to the extent that an Award Term conflicts with
the Plan, the Plan shall govern. A copy of the Plan, and
other Plan-related materials, such as the Plan
prospectus, are available at:
	 
	 	 
	 

	 	www1.lvs.dupont.com/employeebenefits/sharesandstockoption.
html.
	 
	 	 
	Date of Grant

	 	[___]
	 
	 	 
	Exercise Price

	 	[___]
	 
	 	 
	Expiration Date

	 	SARs will expire no later than [DATE THAT IS THE DAY
PRIOR TO THE SIXTH ANNIVERSARY OF THE DATE OF GRANT].
However, the SAR may expire sooner. Please refer to
“Termination of Employment” below.
	 
	 	 
	Vesting Schedule

	 	One-third (1/3) of the SARs (rounded down to the next
full share) will become exercisable on [FIRST ANNIVERSARY
OF DATE OF GRANT].
	 
	 	 
	 

	 	One-third (1/3) of the SARs (rounded down to the next
full share) will become exercisable on [SECOND
ANNIVERSARY OF DATE OF GRANT].
	 
	 	 
	 

	 	The remaining SARs will become exercisable on [THIRD
ANNIVERSARY OF DATE OF GRANT].
	 
	 	 
	 

	 	In the event of a Change of Control (as defined in the
Plan) any unvested SARs will be automatically vested and
will remain exercisable in accordance with these Award
Terms.

Termination

of Employment

	 	 	 	 	 
	 

	 	Due to Retirement (as defined in the applicable
pension or retirement plan or plan company policy)
	 	If you are an active employee for six months following the date of
the grant, the SARs will be exercisable through the Expiration Date
set forth above. After that date, any unexercised SARs will expire.
Any unvested SARs as of the date of

 

 

	 	 	 	 	 
	 

	 	 	 	termination will continue to
vest in accordance with the Vesting Schedule set forth above.
	 
	 	 	 	 
	 

	 	Due to Lack of Work, Divestiture to Entity Less Than
50% Owned by DuPont, or Total and Permanent Disability
	 	If you are an active employee for six months following the date of
the grant, the SARs will be exercisable through the date that is one
year after the date of your termination of employment, or, if
earlier, the Expiration Date set forth above. After that date, any
unexercised SARs will expire. Any unvested SARs as of the date of
termination will continue to vest in accordance with the Vesting
Schedule set forth above.
	 
	 	 	 	 
	 

	 	Due to Death
	 	If you are an active employee for six months following the date of
the grant, the SARs will be exercisable through the date that is two
years after the date of your termination of employment or, if
earlier, the Expiration Date set forth above. After that date, any
unexercised SARs will expire. Any unvested SARs as of the date of
termination will be automatically vested.
	 
	 	 	 	 
	 

	 	Due to Any Other Reason (such as voluntary termination)
	 	SARs must be exercised by the date on which you terminate employment.

	 	 	 
	Other Forfeiture

	 	If you engage in misconduct, the Company may demand that
you repay this Award, or cash payments you received as a
result of this Award, within 10 days following written
demand by the Company. “Misconduct” is defined in the
Plan, and includes, but is not limited to, termination
for cause (also defined in the Plan) or the breach of a
noncompete or confidentiality agreement in your
employment agreement.
	 
	 	 
	Exercise/Payment

	 	Requests to exercise SARs will be valued using that day’s
average of the high and low price for Company common
stock as determined on the NYSE-Composite Transactions
Tape. This price will be used to determine the gross
payment from the exercise transaction. If the exercise
day is not a day the NYSE is open, the transaction will
be valued at the average price on the next trading day
the exchange is open. Proceeds of the exercise will be
paid to you (or your beneficiary, as applicable) by your
local payroll.
	 
	 	 
	 

	 	Calculation of the gross payment will be done in U.S. dollars and then
translated into local currency by your local payroll. Translation shall
be done using the exchange rate quoted in The Wall Street Journal on the
exercise day, or, if no rate is quoted, an

 

 

	 	 	 
	 

	 	appropriate published
equivalent will be used. If the exercise day is not a business day, the
exchange rate quoted for the next business day will be used.
	 
	 	 
	 

	 	In the event of a Change of Control in which the consideration paid to the
stockholders is solely cash, the Compensation Committee may provide that
any unexercised SARs will be cancelled in exchange for a cash payment
equal to the (i) excess consideration paid per share of stock in the
Change of Control over the exercise price of your SARs multiplied by (ii)
the number of your unexercised SARs.
	 
	 	 
	Non-transferability

	 	You may not transfer these SARs, except by will or
laws of descent and distribution. The SARs are
exercisable during your lifetime only by you or your
guardian or legal representative.
	 
	 	 
	Withholding

	 	When withholding of national, social, and/or local
taxes is required in a country, it will be withheld
from the gross cash payment.

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00141-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00141-of-00352.parquet"}]]