SEC Contract Filing

Filing Date: 2021-05-06

Document Content:
<DOCUMENT>
<TYPE>EX-10.1
<SEQUENCE>2
<FILENAME>ex101deferredcompplan.htm
<DESCRIPTION>EX-10.1
<TEXT>
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<title>Document</title></head><body><div id="ieca60ef930564f9395ae20fe1b56a1ca_38"></div><div style="min-height:67.5pt;width:100%"><div><font><br></font></div></div><div style="margin-bottom:12pt;text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:700;line-height:120%">CMC MATERIALS, INC.</font></div><div style="margin-bottom:12pt;text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:700;line-height:120%;text-decoration:underline">DIRECTORS&#8217; DEFERRED COMPENSATION PLAN</font></div><div style="margin-bottom:12pt;text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:700;line-height:120%;text-decoration:underline">AS AMENDED AND RESTATED FEBRUARY 25, 2021</font></div><div style="margin-bottom:12pt;text-align:justify;text-indent:36pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:120%">CMC Materials, Inc. (f&#47;k&#47;a Cabot Microelectronics Corporation) (the &#8220;Company&#8221;) desires to amend and restate the Directors&#8217; Deferred Compensation Plan (the &#8220;Plan&#8221;). The Plan was originally adopted as of March 13, 2001 and was previously amended and restated as of September 26, 2006 and September 23, 2008, and is further amended and restated effective February 25, 2021, as set forth herein.</font></div><div style="margin-bottom:12pt;text-align:justify;text-indent:36pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:120%">The Plan is designed to assist the Company in attracting and retaining persons of competence and stature to serve as Directors by giving those Directors the option of deferring receipt of the fees payable to them by the Company for their services as Directors and creating an opportunity for appreciation of fees deferred based on appreciation of the value of a share of the Company&#8217;s common stock, par value $0.001 per share (&#8220;Common Shares&#8221;).</font></div><div style="margin-bottom:12pt;text-align:justify;text-indent:36pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:120%">Therefore, the Company hereby adopts the Plan as hereinafter set forth&#58;</font></div><div style="margin-bottom:12pt;text-align:justify;text-indent:36pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:700;line-height:120%">1.</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:700;line-height:120%;padding-left:27pt;text-decoration:underline">Effective Date</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:120%">. The Plan is amended and restated effective as of the date executed as set forth below.</font></div><div style="margin-bottom:12pt;text-align:justify;text-indent:36pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:700;line-height:120%">2.</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:700;line-height:120%;padding-left:27pt;text-decoration:underline">Eligibility and Participation</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:120%">. Each Director of the Company who&#58; (a) is duly elected to the Company&#8217;s Board of Directors (the &#8220;Board of Directors&#8221; or the &#8220;Board&#8221;)&#59; (b) receives fees, stipends, awards (including, without limitation, restricted stock units (&#8220;RSUs&#8221;) issued under the CMC Materials, Inc. 2021 Omnibus Incentive Plan or any successor plan), or other remuneration (collectively, &#8220;Directors&#8217; Fees&#8221;) from the Company for services as a Director&#59; and (c) is not an employee of the Company, is an &#8220;Eligible Director.&#8221; Each Eligible Director may defer receipt of Directors&#8217; Fees otherwise payable to that Eligible Director, as provided for in the Plan, beginning on the date he or she is first elected to the Company&#8217;s Board. Each Eligible Director who elects to defer Directors&#8217; Fees under the Plan is a &#8220;Participant&#8221; in the Plan.</font></div><div style="margin-bottom:12pt;text-align:justify;text-indent:36pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:700;line-height:120%">3.</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:700;line-height:120%;padding-left:27pt;text-decoration:underline">Administration</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:120%">. The Board appoints the Company&#8217;s Chief Executive Officer and the Company&#8217;s General Counsel to act as the administrators of the Plan (separately and collectively referred to herein as the &#8220;Administrator&#8221;). The Administrator will serve at the pleasure of the Board of Directors. The Administrator will have the authority to (i) construe and interpret the Plan&#59; (ii) establish, amend and revoke rules and regulations for the administration of the Plan, including, but not limited to, correcting any defect or supplying any omission, or reconciling any inconsistency in the Plan or in any Deferral Election, in the manner and to the extent it shall deem necessary or advisable&#59; and (iii) exercise such powers and to perform such acts a