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Exhibit 4.6

DESCRIPTION OF CAPITAL STOCK 

The summary below and that contained in any prospectus supplement are not complete and are qualified in their entirety by reference to our restated certificate of incorporation and restated by-laws, as amended. The terms of these securities also may be affected by the General Corporation Law of the State of Delaware, or the DGCL. 

Description of Common Stock 

Our authorized common stock consists of 260 million shares of common stock, $0.10 par value. As of December 31, 2019, there were 129,124,294 shares of common stock issued and outstanding. In addition, up to 3.5 million shares of unissued common stock have been reserved for stock options and awards under our incentive compensation plans as of December 31, 2019. The shares of common stock are listed on the New York Stock Exchange and the Chicago Stock Exchange under the symbol “FMC.” Wells Fargo Bank, N.A., Shareowner Services, is the transfer agent and registrar of the shares of common stock. 

The common stock is not redeemable, does not have any conversion rights and is not subject to call. Holders of shares of common stock have no preemptive rights to maintain their percentage of ownership in future offerings or sales of our stock. Holders of shares of common stock have one vote per share in all elections of directors and on all other matters submitted to a vote of our stockholders. The holders of common stock are entitled to receive dividends, if any, as and when declared from time to time by our Board of Directors out of funds legally available for distribution. Upon our liquidation, dissolution or winding up of our affairs, the holders of common stock will be entitled to participate equally and ratably, in proportion to the number of shares held, in our net assets available for distribution to holders of common stock. The shares of common stock offered hereby, upon issuance against full payment of the purchase price therefor, will be fully paid and nonassessable. 

Certain Certificate of Incorporation Provisions 

General 

We have adopted a number of provisions in our restated certificate of incorporation that might discourage certain types of transactions that involve an actual or threatened change in control of FMC Corporation. The provisions may make it more difficult and time-consuming to change majority control of our Board of Directors and thus reduce our vulnerability to an unsolicited offer, particularly an offer that does not contemplate the acquisition of all of our outstanding shares. 
These provisions are intended to encourage persons seeking to acquire control of FMC Corporation to initiate such an acquisition through arm’s-length negotiations with our management and Board of Directors. Additionally, such provisions provide management with the time and information necessary to evaluate a takeover proposal and to study alternative proposals. Nonetheless, the provisions could have the effect of discouraging a third party from making a tender offer or otherwise attempting to obtain control of FMC Corporation, even though such an attempt might be beneficial to us and our stockholders. 

Business Combination 

Our restated certificate of incorporation provides that significant asset sales, dispositions of stock, liquidations, mergers and certain other business combinations involving us and persons beneficially owning 10% or more of the voting power of our outstanding shares of common stock must be approved by the holders of at least 80% of the voting power of our outstanding voting stock. The restated certificate of incorporation requires the affirmative vote of the holders of 80% or more of the outstanding voting stock to amend, alter or repeal, or to adopt any provisions inconsistent with, such provisions. 

Stockholders’ Meetings 

Our restated certificate of incorporation provides that special meetings of the stockholders may only be called pursuant to a resolution approved by a majority of the Board of Directors. This limitation prevents a stockholder or group of stockholders from forcing us to conduct a stockholders’ meeting at any time not sanctioned by the Board of Directors, regardless of the number of shares of common stock held by such stockholder or group of stockholders. 

Exhibit 4.6

No Action by Stockholder Consent 

Our restated certificate of incorporation prohibits action that is required or permitted to be taken at any annual or special meeting of our stockholders from being taken by the written consent of stockholders without a meeting. This provision may be altered, amended or repealed only if the holders of 80% or more of our outstanding voting stock vote in favor of such action. 

Description of Preferred Stock 

Our authorized preferred stock consists of 5 million shares of preferred stock, without par value, in one or more series and with rights, preferences, privileges and restrictions, including dividend rights, voting rights, conversion rights, terms of redemption and liquidation preferences, that may be fixed or designated by our Board of Directors pursuant to a certificate of designation without any further vote or action by our stockholders. 

As of the date of this prospectus, no shares of preferred stock are issued or outstanding. 

The issuance of preferred stock may have the effect of delaying, deferring or preventing a change in control of FMC Corporation. Preferred stock, upon issuance against full payment of the purchase price therefor, will be fully paid and nonassessable. The specific terms of a particular series of preferred stock will be described in the prospectus supplement relating to that series. The description of preferred stock set forth below and the description of the terms of a particular series of preferred stock set forth in the related prospectus supplement do not purport to be complete and are qualified in their entirety by reference to the certificate of designation relating to that series. The related prospectus supplement will contain a description of certain United States federal income tax consequences relating to the purchase and ownership of the series of preferred stock described in such prospectus supplement. 

The rights, preferences, privileges and restrictions of the preferred stock of each series will be fixed by the certificate of designation relating to such series. A prospectus supplement, relating to each series, will specify the terms of the preferred stock as follows: 
•The maximum number of shares to constitute the series and the distinctive designation thereof; 
•The annual dividend rate, if any, on shares of the series, whether such rate is fixed or variable or both, the date or dates from which dividends will begin to accrue or accumulate and whether dividends will be cumulative; 
•The price at and the terms and conditions on which the shares of the series may be redeemed, including the time during which shares of the series may be redeemed and any accumulated dividends thereon that the holders of shares of the series shall be entitled to receive upon the redemption thereof; 
•The liquidation preference, if any, and any accumulated dividends thereon, that the holders of shares of the series shall be entitled to receive upon the liquidation, dissolution or winding up of the affairs of FMC Corporation; 
•Whether or not the shares of the series will be subject to operation of a retirement or sinking fund, and, if so, the extent and manner in which any such fund shall be applied to the purchase or redemption of the shares of the series for retirement or for other corporate purposes and the terms and provisions relating to the operation of such fund;
•The terms and conditions, if any, on which the shares of the series shall be convertible into, or exchangeable for, shares of any other class or classes of our capital stock of or a third party or of any other series of the same class, including the price or prices or the rate or rates of conversion or exchange and the method, if any, of adjusting the same and whether such conversion is mandatory or optional; 
•The stated value of the shares of such series; 
•The voting rights, if any, of the shares of the series; and 
•Any or all other preferences and relative, participating, optional or other special rights or qualifications, limitations or restrictions thereof. 

In the event of any voluntary liquidation, dissolution or winding up of the affairs of FMC Corporation, the holders of any series of any class of preferred stock shall be entitled to receive in full out of our assets, including our capital, before any amount shall be paid or distributed among the holders of our common stock or any other shares ranking junior to such series, the amounts fixed by our Board of Directors with respect to such series and set forth in the 

Exhibit 4.6

applicable prospectus supplement plus an amount equal to all dividends accrued and unpaid thereon to the date of payment of the amount due pursuant to such liquidation, dissolution or winding up of the affairs. After payment to the holders of preferred stock of the full preferential amounts to which they are entitled, the holders of preferred stock, as such, shall have no right or claim to any of our remaining assets. 

If liquidating distributions shall have been made in full to all holders of preferred stock, our remaining assets shall be distributed among the holders of any other classes or series of capital stock ranking junior to the preferred stock upon liquidation, dissolution or winding up, according to their respective rights and preferences and in each case according to their respective numbers of shares. Our merger or consolidation into or with any other corporation, or the sale, lease or conveyance of all or substantially all of our assets, shall not constitute a dissolution, liquidation or winding up of FMC Corporation. 

Section 203 of the Delaware General Corporation Law 

We are a Delaware corporation. Section 203 of the DGCL prohibits a Delaware corporation from engaging in a business combination with an “interested stockholder” for a period of three years after the date of the transaction in which the person became an interested stockholder. The term “business combination” is broadly defined to include mergers, consolidations, sales and other dispositions of assets having an aggregate market value equal to 10% or more of the consolidated assets of the corporation, and other specified transactions resulting in financial benefits to the interest stockholder. Under Section 203, an interested stockholder generally is defined as a person who, together with affiliates and associates, owns (or within the three prior years did own) 15% or more of the corporation’s outstanding voting stock. 
This prohibition is effective unless: 
•the business combination or the transaction that resulted in the interested stockholder becoming an interested stockholder is approved by the corporation’s board of directors prior to the time the interested stockholder becomes an interested stockholder; 
•upon consummation of the transaction that resulted in the interested stockholder becoming an interested stockholder, the interested stockholder owned at least 85% of the voting stock of the corporation, other than stock held by directors who are also officers or by specified employee stock plans; or 
•at or after the time the stockholder becomes an interested stockholder, the business combination is approved by a majority of the board of directors and, at an annual or special meeting, by the affirmative vote of two-thirds of the outstanding voting stock that is not owned by the interested stockholder. 
In general, the prohibition does not apply to business combinations with persons who were interested stockholders before the corporation became subject to Section 203. 

Limitation on Liability and Indemnification Matters 
Our restated certificate of incorporation provides that none of our directors will be liable to us or our stockholders for monetary damages for breach of fiduciary duty as a director, except for liability 
•for any breach of the director’s duty of loyalty to us or our stockholders;
•for acts or omissions not in good faith or which involve intentional misconduct or a knowing violation of law; 
•under Section 174 of the DGCL (relating to unlawful payments of dividends or stock repurchases); or 
•for any transaction from which the director derived an improper personal benefit. 

In addition, our restated by-laws provide for indemnification, to the fullest extent permitted by the DGCL, of every officer and director and certain other persons made or threatened to be made a party to any action, suit or proceeding by reason of the fact that the person is, or was a director, officer or agent of ours or is or was serving at our request as a director, officer, employee or agent for another enterprise, against all expense, liability and loss reasonably incurred or suffered by such person in connection with the action, suit or proceeding and specifies procedures to be followed by us and any person requesting indemnification in connection with any claim. 

Transfer Agent and Registrar 

Equinti Trust Company serves as the registrar and transfer agent for our common stock. 

Stock Exchange Listing 

Exhibit 4.6

Our common stock is listed on the New York Stock Exchange and the Chicago Stock Exchange under the trading symbol “FMC.”Document

Exhibit 10.2

FMC CORPORATION  
COMPENSATION POLICY FOR NON-EMPLOYEE DIRECTORS
(AS AMENDED AND RESTATED EFFECTIVE APRIL 28, 2020)
PART I GENERAL PROVISIONS

1.Purpose.  The purpose of this Policy is to provide a compensation program to attract and retain qualified individuals not employed by the Company or its Affiliates to serve on the Board and to further align the interests of those directors with those of stockholders by providing that a substantial portion of compensation will be linked directly to increases in stockholder value.

2.Definitions.  Except as otherwise defined herein, terms used herein in capitalized form will have the meanings attributed to them as set forth below or in the Stock Plan.

(a) “Annual Retainer” means the retainer fee established by the Board and paid to a director for services on the Board for a year in accordance with Section 1 of Part II of this Policy.

(b) “Audit Committee Fee” means the annual fee established by the Board and paid to a director for service as a member of the Audit Committee of the Board in accordance with Section 4 of Part II of this Policy.

(c) “Board” means the Board of Directors of the Company.

(d) “Change in Control” has the meaning set forth in the Stock Plan; provided that, solely for vesting purposes, in no event will a Change in Control be deemed to have occurred with respect to the Participant if the Participant is part of a purchasing Person which consummates the Change in Control.  The Participant will be deemed to be “part of a purchasing Person” for purposes of the preceding sentence if the Participant is an equity participant in the purchasing Person (except for: (i) passive ownership of less than 3% of the stock of the purchasing Person; or (ii) ownership of equity participation in the purchasing company or Person which is otherwise not significant, as determined prior to the Change in Control by a majority of the non-employee continuing directors of the Board).  

In addition, solely for purposes of Section 5(a) of Part III of this Policy, no event or transaction will constitute a Change in Control unless that event or transaction also constitutes a “change in ownership” of the Company, a “change in effective control” of the Company or a “change in the ownership of a substantial portion of the assets” of the Company, as those terms are used in Section 409A(a)(2)(v) of the Code and defined in regulations issued thereunder.

(e) “Committee Chairman Fee” means the annual fee established by the Board and paid to a director for service as chairman of any committee of the Board in accordance with Section 3 of Part II of this Policy.

(f) “Company” means FMC Corporation, a Delaware corporation.

Exhibit 10.2

(g) “Lead Director Fee” means the annual fee established by the Board and paid to a director for service as the Lead Director of the Board in accordance with Section 2 of Part II of this Policy.

(h) “Non-Employee Director” means a member of the Board who is not an employee of the Company or any of its Affiliates, as determined in the discretion of the Board.

(i) “Participant” means a Non-Employee Director who is eligible to participate in this Policy.

(j) “Policy” means this FMC Corporation Compensation Policy for Non-Employee Directors, as may be amended from time to time.

(k) “RSU” means a Restricted Stock Unit within the meaning of the Stock Plan.

(l) “Separation from Service” means a “Separation from Service” as that term is used in Section 409A(a)(2)(i) of the Code and defined in regulations issued thereunder.

(m) “Service” means the Participant’s service to the Company or any of its Affiliates, solely during the period of such affiliation.

(n) “Stock Plan” means the FMC Corporation Incentive Compensation and Stock Plan, as may be amended from time to time.

PART II COMPENSATION

1.Annual Retainer.

(a) Each Participant will be entitled to receive an Annual Retainer in such amount as will be determined from time to time by the Board.  Until changed by resolution of the Board, the Annual Retainer will be $100,000, which will be payable in cash in equal installments at the end of each calendar year quarter.

(b) Notwithstanding the foregoing, no later than the last day of any calendar year, a Participant may elect that all (or a portion, to the extent permitted by the Company) of the Annual Retainer payable in the following calendar year be paid in the form of RSUs, as set forth in Section 1 of Part III, by providing written notice of such election to the Company in the form and manner prescribed by the Company.  Any such election will be effective on the first day of the next calendar year beginning after the date of such election.

(c) Notwithstanding anything to the contrary in Section 1(b), a Participant who is newly elected or appointed to the Board may elect within 30 days after joining the Board, by written notice to the Company in the form and manner prescribed by the Company, to receive all (or a portion, to the extent permitted by the Company) of the Annual Retainer that is payable to such Participant with respect to the remainder of the first calendar year of his or her service in the form of RSUs (as set forth in Section 1 of Part III).

Exhibit 10.2

2. Lead Director Fee.  The Participant who serves as the Lead Director of the Board will be entitled to receive a Lead Director Fee in such amount as will be determined from time to time by the Board, in addition to (and not in lieu of) any other compensation to which such Participant may be entitled pursuant to any other provision of this Policy.  Until changed by resolution of the Board, the Lead Director Fee will be $30,000, which will be paid in cash in equal installments at the end of each calendar year quarter.

3. Committee Chairman Fees.  Each Participant who serves as a chairman of a committee of the Board will be entitled to receive a Committee Chairman Fee in such amount as will be determined from time to time by the Board, for the tenure of such service, in addition to (and not in lieu of) any other compensation to which such Participant may be entitled pursuant to any other provision of this Policy. Until changed by resolution of the Board, the Committee Chairman Fees for each committee of the Board will be paid in cash at the annualized rates set forth in the table below in equal installments at the end of each calendar year quarter.

						
	Audit Committee Chairman Fee	$20,000
	Compensation & Organization Committee Chairman Fee	$15,000
	Nominating & Corporate Governance Committee Chairman Fee	$15,000
	Sustainability Committee Chairman Fee	$15,000

4. Audit Committee Fee.  Each Participant who serves as a member of the Audit Committee of the Board, including the Audit Committee Chairman, will be entitled to receive additional fees in respect of such service in such amount as will be determined from time to time by the Board, in addition to (and not in lieu of) any other compensation to which such Participant may be entitled pursuant to any other provision of this Policy.  Until changed by resolution of the Board, this additional Audit Committee fee will be paid in cash at an annualized rate of $5,000 in equal installments at the end of each calendar year quarter.

5. In the event that a Participant ceases to serve as a member of the Audit Committee, a Committee Chairman, Lead Director, or a member of the Board, in each case prior to the end of a calendar year quarter, cash fees that would otherwise have been payable to the Participant under Part II of this Policy with respect to such service shall be pro-rated based upon his or her partial service during the calendar year quarter. Notwithstanding the foregoing, in the event that the Participant’s cessation of service as a member of the Board was due to the Participant’s death or Disability, any amounts for that year not yet paid in respect of Section 1(a) of Part II of this Policy shall then be paid in full, and shall not be subject to pro-ration.

Exhibit 10.2

PART III STOCK COMPENSATION

1.Retainer Grant.

(a) In the event a Participant has made an election pursuant to Section 1(b) or 1(c) of Part II in respect of his or her Annual Retainer for the next calendar year, then effective as of the next annual meeting of the Company’s stockholders, such Participant will receive a number of RSUs determined by dividing (i) the portion of the Participant’s Annual Retainer payable in that calendar year with respect to which the Participant has made an election in accordance with Section 1(b) or 1(c) of Part II by (ii) the Fair Market Value of a share of Common Stock on the date of grant.  RSUs granted under this Section 1 of Part III are hereinafter referred to as “Retainer Units.”  Retainer Units will be granted pursuant to, and subject to the terms of, the Stock Plan.

(b) Subject to the Participant’s continued Service, Retainer Units will vest ratably on a daily basis over a one (1) year period commencing on the date of grant, provided that any unvested Retainer Units will vest upon a Change in Control.  Upon the Participant’s Separation from Service, any Retainer Units that have not become vested prior to the Separation from Service will be automatically forfeited and the Participant will have no further rights with respect thereto. Notwithstanding the foregoing, in the event of the Participant’s Separation from Service due to his or her death or Disability, any unvested Retainer Units will vest as of the Participant’s Separation from Service. 

2. Annual Equity Grant.  

(a) Effective as of the annual meeting of the Company’s stockholders, each Participant will be granted a number of RSUs determined by dividing $140,000 by the Fair Market Value of a share of Common Stock on the date of grant.  RSUs granted under this Section 2 are hereinafter referred to as “Annual Units.”  Annual Units will be granted pursuant to, and subject to the terms of, the Stock Plan.

(b) Annual Units will vest in full on the earliest of (i) the first anniversary of the date of grant, (ii) a Change in Control, and (iii) the Participant’s Separation from Service as a result of his or her death or Disability; provided in each case that the Participant has remained in Service through the applicable time. Any portion of a Participant’s Annual Units that have not vested on or prior to his or her Separation from Service will then be forfeited and all rights of the Participant to or with respect to such Annual Units will then automatically terminate.

3. Dividend Equivalent Rights. If a cash dividend or distribution is paid with respect to outstanding shares of Common Stock, then effective as of the dividend or distribution payment date, each outstanding award of Retainer Units and Annual Units (including any additional Retainer Units and Annual Units previously credited pursuant to this Section 3) will be increased by a number of additional Retainer Units or Annual Units, as applicable, equal to the quotient of (i) the total dividend or distribution that would then be payable with respect to a number of shares of Common Stock equal to the number of Retainer Units or Annual Units, as applicable, held by the Participant on the dividend or distribution record date divided by (ii) the Fair Market Value of a share of Common Stock on the dividend or distribution record date (the “Dividend 

Exhibit 10.2

Equivalent Rights”). The Dividend Equivalent Rights will be subject to the same vesting conditions as the Retainer Units or Annual Units to which they relate. 

4. Fractional Units.  All RSUs, as well as Dividend Equivalent Rights credited with respect to such RSUs, will be credited in whole units, with any fractional unit being rounded up to the nearest whole number.

5. Form and Time of Payment.

(a) Payments with respect to vested RSUs will be made upon the earlier of (i) the Participant’s Separation from Service, (ii) a Change in Control, (iii) such other date (if any) elected by the Participant in a form and manner specified by the Company, or (iv) upon the Company’s termination of the plan including such RSUs in accordance with Treas. Reg. § 1.409A-3(j)(4)(ix). 

(b) Payments will be made in shares of Common Stock, unless otherwise determined by the Compensation and Organization Committee in accordance with the terms of the Stock Plan.

(c) Notwithstanding any other provision in this Policy, to the extent compliance with the requirements of Treas. Reg. § 1.409A-3(i)(2) is necessary to avoid the application of an additional tax under Section 409A of the Code,  shares of Common Stock that are otherwise issuable upon the Participant’s Separation from Service will be deferred (without interest) and issued to the Participant immediately following the six month delay period.

6. Rights.  Except to the extent otherwise set forth herein, a Participant will not have any of the rights of a stockholder with respect to the RSUs unless and until such time as shares of Common Stock have been issued to the Participant in settlement of the vested RSUs. 

PART IV ADDITIONAL PROVISIONS

1. Administration.  The Board administers the Policy. The Board has full power to interpret the Policy, formulate additional details and regulations for carrying out the Policy and amend or terminate the Policy as from time to time it deems proper and in the best interest of the Company. Any decision or interpretation of the Board is final and conclusive.

2. Statement of Account.  Each Participant will receive an annual statement showing the number and status of and essential terms applicable to RSUs that have been awarded to the Participant.

3. Unsegregated Funds.  The Company will not segregate any funds or securities in respect of the Participant’s interests under this Policy, and the Participant’s Service is the Participant’s acknowledgement and agreement that any interests of the Participant remain a part of the Company’s general funds and are subject to the claims of the Company’s general creditors.  Nothing in this Policy will be construed as creating any trust, express or implied, for the benefit of any Participant.

Exhibit 10.2

4. Awards Issued Pursuant to the Policy.  All equity-based awards described herein  will be granted under, and subject to the terms of, the Stock Plan (or any successor plan thereto) and the applicable Notice thereunder. In the event of a conflict between any term or provision contained in this Policy on the one hand, and the Stock Plan (or any successor plan thereto) and the applicable Notice on the other hand, the applicable terms and provisions of the Stock Plan (or any successor thereto) and the Notice will govern.

5. Payments Upon Death.  In the event of the Participant’s death, payments under this Policy will be made to the beneficiary designated by the Participant to receive such payments or, in the absence of a duly executed and filed beneficiary designation form, to the Participant’s estate.

6. Payment of Certain Costs of the Participant. If a dispute arises regarding the interpretation or enforcement of this Policy and the Participant (or in the event of his or her death, his beneficiary) obtains a final judgment in his or her favor from a court of competent jurisdiction from which no appeal may be taken, whether because the time to do so has expired or otherwise, or his or her claim is settled by the Company prior to the rendering of such a judgment, all reasonable legal and other professional fees and expenses incurred by the Participant in contesting or disputing any such claim or in seeking to obtain or enforce any right or benefit provided for in this Policy or in otherwise pursuing his or her claim will be promptly paid by the Company with interest thereon at the highest Delaware statutory rate for interest on judgments against private parties from the date of payment thereof by the Participant to the date of reimbursement by the Company.

7. Reservation of Rights.  Nothing in this Policy will be construed to (a) give any Participant any right to defer compensation received for services as a director of the Company other than as expressly authorized and permitted in this Policy or in any other plan or arrangement approved by the Board, (b) create any obligation on the part of the Board to nominate any Participant for reelection by the Company’s stockholders or (c) limit in any way the right of the Board to remove a Participant as a director of the Board.

8. Amendment or Termination.  The Board may, at any time by resolution, terminate or amend this Policy provided that no such termination or amendment will adversely affect the rights of Participants with respect to awards granted under this Policy prior to such termination or amendment, without the consent of the Participant.

9. Withholding.  The Company will have the right to deduct or withhold from all payments of compensation any taxes required by law to be withheld with respect to such payments.

10. Directors Elected Between Annual Stockholders’ Meetings.  Notwithstanding anything to the contrary in this Policy, unless otherwise determined by the Board, the compensation hereunder of an individual who becomes a Participant as a result of his or her election to the Board other than at an annual meeting of the Company’s stockholders will be prorated for the period of service commencing with his or her initial election and ending on the Company’s next annual stockholders’ meeting.

Exhibit 10.2

11. Section 409A.  This Policy and any compensation granted hereunder is intended to comply with, or be exempt from, the provisions of Section 409A of the Code.  If any provision of the Policy would otherwise frustrate or conflict with this intent, the provision, term or condition shall be interpreted and deemed amended so as to avoid this conflict. Notwithstanding the foregoing, the tax treatment of the benefits provided under the Policy is not warranted or guaranteed, and in no event shall the Company be liable for all or any portion of any taxes, penalties, interest or other expenses that may be incurred by any Participant on account of non-compliance with Section 409A of the Code.

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