Common use of Service Recognition; Change of Control Clause in Contracts

Service Recognition; Change of Control. From and after the Initial Distribution, (i) a grantee who has outstanding awards under one or more of the OPC Equity Plans and/or replacement awards under the CRC New Equity Plan shall be considered to have been employed by (or otherwise providing services to) the applicable plan sponsor before and after the Initial Distribution for purposes of (x) vesting and (y) determining the date of termination of employment (or any other applicable service relationship) as it applies to any such award and (ii) for purposes of determining whether any “change of control” has occurred with respect to any OPC LTI Award or CRC LTI Award, (x) a “change of control” shall only be deemed to have occurred for purposes of any award that is governed by the OPC Equity Plans upon a “change of control” of OPC and (y) a “change of control” shall only be deemed to have occurred for purposes of any award that is governed by the CRC New Equity Plan upon a “change of control” of CRC.

Service Recognition; Change of Control. From and after the Initial DistributionIPO, (i) a grantee who has outstanding awards under one or more of the OPC Huntsman Equity Plans and/or replacement awards under the CRC VMC New Equity Plan shall be considered to have been employed by (or otherwise providing services to) the applicable plan sponsor before and after the Initial Distribution IPO for purposes of (x) vesting and (y) determining the date of termination of employment (or any other applicable service relationship) as it applies to any such award and (ii) for purposes of determining whether any “change of control” has occurred with respect to any OPC Huntsman LTI Award or CRC VMC LTI Award, (x) a “change of control” shall only be deemed to have occurred for purposes of any award that is governed by the OPC Huntsman Equity Plans upon a “change of control” of OPC Huntsman and (y) a “change of control” shall only be deemed to have occurred for purposes of any award that is governed by the CRC VMC New Equity Plan upon a “change of control” of CRCVMC.

Service Recognition; Change of Control. From and after the Initial DistributionIPO, (i) a grantee who has outstanding awards under one or more of the OPC Huntsman Equity Plans and/or replacement awards under the CRC Venator New Equity Plan shall be considered to have been employed by (or otherwise providing services to) the applicable plan sponsor before and after the Initial Distribution IPO for purposes of (x) vesting and (y) determining the date of termination of employment (or any other applicable service relationship) as it applies to any such award and (ii) for purposes of determining whether any “change of control” has occurred with respect to any OPC Huntsman LTI Award or CRC Venator LTI Award, (x) a “change of control” shall only be deemed to have occurred for purposes of any award that is governed by the OPC Huntsman Equity Plans upon a “change of control” of OPC Huntsman and (y) a “change of control” shall only be deemed to have occurred for purposes of any award that is governed by the CRC Venator New Equity Plan upon a “change of control” of CRCVenator.