SEC Contract Filing

Filing Date: 2019-05-08

Document Content:
<DOCUMENT>
<TYPE>EX-10.2
<SEQUENCE>3
<FILENAME>exhibit1020331201910q.htm
<DESCRIPTION>EXHIBIT 10.2
<TEXT>
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<div><a name="sA247C6048B5474EC3C0D8DA1CE6BD589"></a></div><div><div style="line-height:120%;text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;background-color:#ffffff;font-weight:bold;">Exhibit 10.2</font></div></div><div><br></div><div style="line-height:120%;padding-bottom:16px;text-align:center;font-size:12pt;"><font style="font-family:Arial;font-size:12pt;"><br></font></div><div style="line-height:120%;padding-bottom:16px;text-align:center;font-size:12pt;"><font style="font-family:Arial;font-size:12pt;font-weight:bold;text-decoration:underline;">NOTICE OF ROIC PERFORMANCE UNIT AWARD</font></div><div style="line-height:120%;padding-bottom:16px;text-align:center;font-size:12pt;"><font style="font-family:Arial;font-size:12pt;font-weight:bold;">under the</font></div><div style="line-height:120%;padding-bottom:16px;text-align:center;font-size:12pt;"><font style="font-family:Arial;font-size:12pt;font-weight:bold;">ALBEMARLE CORPORATION 2017 INCENTIVE PLAN</font></div><div style="line-height:120%;text-align:left;font-size:12pt;"><font style="font-family:Arial;font-size:12pt;"><br></font></div><div style="line-height:120%;padding-bottom:16px;text-align:left;text-indent:48px;font-size:11pt;"><font style="font-family:Arial;font-size:11pt;font-weight:bold;">This AWARD, made as of the [_______] day of February, 2019, </font><font style="font-family:Arial;font-size:11pt;">by Albemarle Corporation, a Virginia corporation (the &#8220;Company&#8221;), to </font><font style="font-family:Arial;font-size:11pt;font-weight:bold;text-decoration:underline;">&#171;Name&#187;</font><font style="font-family:Arial;font-size:11pt;font-weight:bold;">&#32;</font><font style="font-family:Arial;font-size:11pt;">(&#8220;Participant&#8221;), is made pursuant to and subject to the provisions of the Company&#8217;s 2017 Incentive Plan (the &#8220;Plan&#8221;). All terms that are used herein that are defined in the Plan shall have the same meanings given them in the Plan.</font></div><div style="line-height:120%;padding-bottom:16px;text-align:center;font-size:11pt;"><font style="font-family:Arial;font-size:11pt;font-weight:bold;text-decoration:underline;">Contingent Performance Units</font></div><table cellpadding="0" cellspacing="0" style="padding-bottom:16px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:24px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:11pt;padding-left:0px;"><font style="font-family:Arial;font-size:11pt;background-color:#ffffff;">1.</font></div></td><td style="vertical-align:top;padding-left:24px;"><div style="line-height:120%;text-align:left;font-size:11pt;text-indent:-24px;"><font style="font-family:Arial;font-size:11pt;background-color:#ffffff;font-weight:bold;text-decoration:underline;">Grant Date</font><font style="font-family:Arial;font-size:11pt;background-color:#ffffff;">. Pursuant to the Plan, the Company, on February [__], 2019 (the &#8220;Grant Date&#8221;), granted Participant an Award (&#8220;Award&#8221;) in the form of </font><font style="font-family:Arial;font-size:11pt;background-color:#ffffff;font-weight:bold;text-decoration:underline;">&#171;# of Units&#187;</font><font style="font-family:Arial;font-size:11pt;background-color:#ffffff;font-weight:bold;">&#32;</font><font style="font-family:Arial;font-size:11pt;background-color:#ffffff;">ROIC</font><font style="font-family:Arial;font-size:11pt;background-color:#ffffff;font-weight:bold;">&#32;</font><font style="font-family:Arial;font-size:11pt;background-color:#ffffff;">Performance Units (which number of Units is also referred to herein as the &#8220;Target Units&#8221;), subject to the terms and conditions of the Plan and subject to the terms and conditions set forth herein. </font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:16px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:24px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:11pt;padding-left:0px;"><font style="font-family:Arial;font-size:11pt;background-color:#ffffff;">2.</font></div></td><td style="vertical-align:top;padding-left:24px;"><div style="line-height:120%;text-align:left;font-size:11pt;text-indent:-24px;"><font style="font-family:Arial;font-size:11pt;background-color:#ffffff;font-weight:bold;text-decoration:underline;">Accounts</font><font style="font-family:Arial;font-size:11pt;background-color:#ffffff;font-weight:bold;">.</font><font style="font-family:Arial;font-size:11pt;background-color:#ffffff;">&#32;&#32;ROIC Performance Units granted to Participant shall be credited to an account (the &#8220;Account&#8221;) established and maintained for Participant. The Account of Participant shall be the record of ROIC Performance Units granted to the Participant under the Plan, is solely for accounting purposes and shall not require a segregation of any Company assets.</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:16px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:24px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:11pt;padding-left:0px;"><font style="font-family:Arial;font-size:11pt;background-color:#ffffff;">3.</font></div></td><td style="vertical-align:top;padding-left:24px;"><div style="line-height:120%;text-align:left;font-size:11pt;text-indent:-24px;"><font style="font-family:Arial;font-size:11pt;background-color:#ffffff;font-weight:bold;text-decoration:underline;"