SEC Contract Filing

Filing Date: 2020-08-04

Document Content:
<DOCUMENT>
<TYPE>EX-10.4
<SEQUENCE>4
<FILENAME>vntr6302010-qexhibit104.htm
<DESCRIPTION>EX-10.4
<TEXT>
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<title>Document</title></head><body><div id="ic475820a73434574b28a739010901226_1"></div><div style="min-height:71pt;width:100%;"><div style="padding-right:5.75pt;text-align:right;margin-top:3pt;"><font><br></font></div><div style="padding-right:5.75pt;text-align:right;"><font><br></font></div><div style="padding-right:5.75pt;text-align:right;"><font><br></font></div><div style="padding-right:5.75pt;text-align:right;"><font style="background-color:rgb(255,255,255, 0.0);color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:700;line-height:120%;">Exhibit 10.4</font></div></div><div style="padding-left:47.6pt;margin-top:3.45pt;"><font style="background-color:rgb(255,255,255, 0.0);color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:700;line-height:120%;">AMENDMENT TO TERMS AND CONDITIONS OF EMPLOYMENT (U.K.)</font></div><div><font><br></font></div><div style="margin-top:0.15pt;"><font><br></font></div><div style="padding-left:15pt;text-align:justify;margin-top:0.05pt;"><font style="background-color:rgb(255,255,255, 0.0);color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%;">Employer&#8217;s name and address&#58; </font><font style="background-color:rgb(255,255,255, 0.0);color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:700;line-height:120%;">VENATOR MATERIALS UK LIMITED </font><font style="background-color:rgb(255,255,255, 0.0);color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%;">(the &#8220;</font><font style="background-color:rgb(255,255,255, 0.0);color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:700;line-height:120%;">Company</font><font style="background-color:rgb(255,255,255, 0.0);color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%;">&#8221;)</font></div><div style="text-indent:-0.6pt;padding-left:14.8pt;margin-top:10.75pt;"><font style="background-color:rgb(255,255,255, 0.0);color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%;">Employee&#8217;s name and address&#58; </font><font style="background-color:rgb(255,255,255, 0.0);color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:700;line-height:120%;">Mahomed Ahmed Maiter, 33, Hemingford Gardens, Yarm, Cleveland TS15 9ST, United Kingdom </font><font style="background-color:rgb(255,255,255, 0.0);color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%;">(&#8220;you&#8221; or the &#8220;Employee&#8221;)</font><font style="background-color:rgb(255,255,255, 0.0);color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:700;line-height:120%;">.</font></div><div style="text-indent:-0.6pt;padding-left:15.6pt;padding-right:5.3pt;text-align:justify;margin-top:10.35pt;"><font style="background-color:rgb(255,255,255, 0.0);color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:112%;">This amendment (the &#8220;Amendment&#8221;), with effect from 29 April 2020 (the &#8220;Effective Date&#8221;), modifies that certain agreement between you and the Company dated 10 December 2018 (the &#8220;Agreement&#8221;), regarding the details of your terms and conditions of employment with the Company, as follows&#58;</font></div><div style="margin-top:0.1pt;"><font><br></font></div><div style="padding-left:14.2pt;text-align:justify;"><font style="background-color:rgb(255,255,255, 0.0);color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:700;line-height:120%;">1. PENSION, RETIREMENT AND LIFE INSURANCE BENEFITS</font></div><div style="text-indent:-0.4pt;padding-left:50pt;margin-top:11.2pt;"><font style="background-color:rgb(255,255,255, 0.0);color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:111%;">Paragraph 12.1 of the Agreement is deleted in its entirety and replaced with the following provision&#58;</font></div><div style="margin-top:0.3pt;"><font><br></font></div><div style="padding-left:241.9pt;padding-right:200.75pt;text-align:center;margin-top:4.6pt;"><font style="background-color:rgb(255,255,255, 0.0);color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%;">* * *</font></div><div style="text-indent:-36pt;padding-left:51pt;padding-right:8pt;text-align:justify;margin-top:10.15pt;"><font style="background-color:rgb(255,255,255, 0.0);color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:114%;">&#8220;12.1 You are a member of the following pension plans and subject to the rules thereof&#58; (1) the Tioxide Pension Fund (in which you have deferred member status)&#59; (2) the U.K. Defined Contribution Scheme (in which you have deferred member status)&#59; (3) the AECI Pension Fund in South Africa (in which you have deferred member status)&#59; and (4) the Huntsman Global Pension Scheme (the &#8220;HGPS&#8221;) (in which you have active deferred status). Because you have met the applicable lifetime contribution limit and are therefore not receiving any additional contributions from the Company into your U.K. Defined Contribution Scheme account in which you have deferred member status, the Company will provide you with a monthly cash payment approximately equivalent to the amount you would have been eligible to receive as a contribution to your plan account had you not met the lifetime limit, which is 15% of your base salary. Following the date you withdraw from