Common use of Section 83(b) Elections Clause in Contracts

Section 83(b) Elections. If a Participant files an election with the Internal Revenue Service to include the fair market value of any shares of Restricted Stock in gross income then the Participant shall promptly furnish the Company with a copy of such election together with the amount of any federal, state, local or other taxes required to be withheld (if any) to enable the Company to claim an income tax deduction with respect to such election. Wellman, Inc. By: /s/ Keitx X. Xxillips ------------------------------------ Name: Keith R. Phillips Title: Vicx Xxxxxxxxx & Xxxef Financial Officer Agreed to by:

Section 83(b) Elections. If a Participant files an election with the Internal Revenue Service to include the fair market value of any shares of Restricted Stock in gross income then the Participant shall promptly furnish the Company with a copy of such election together with the amount of any federal, state, local or other taxes required to be withheld (if any) to enable the Company to claim an income tax deduction with respect to such election. Wellman, Inc. By: /s/ Keitx X. Xxillips ------------------------------------ Name: Keith R. Phillips Title: Vicx Xxxxxxxxx & Xxxef Chief Financial Officer Agreed to by:

Section 83(b) Elections. If a Participant files an election with the Internal Revenue Service to include the fair market value of any shares of Restricted Stock in gross income then the Participant shall promptly furnish the Company with a copy of such election together with the amount of any federal, state, local or other taxes required to be withheld (if any) to enable the Company to claim an income tax deduction with respect to such election. Wellman, Inc. By: /s/ Keitx Keith X. Xxillips ------------------------------------ Xxxllips ------------------------------------- Name: Keith R. Phillips Title: Vicx VP & Xxxxx Xxxxxxxxx & Xxxef Financial Officer Agreed to by:

Section 83(b) Elections. If a Participant files an election with the Internal Revenue Service to include the fair market value of any shares of Restricted Stock in gross income then the Participant shall promptly furnish the Company with a copy of such election together with the amount of any federal, state, local or other taxes required to be withheld (if any) to enable the Company to claim an income tax deduction with respect to such election. Wellman, Inc. By: /s/ Keitx Keith X. Xxillips ------------------------------------ Xxxxlips -------------------------------------- Name: Keith R. Phillips Title: Vicx Vice Xxxxxxxxx & Xxxef Chief Financial Officer Agreed to by: