20[ ] VISKASE COMPANIES, INC. PERFORMANCE AWARD AGREEMENT

Exhibit 6.8

20[  ] VISKASE COMPANIES, INC.

PERFORMANCE AWARD AGREEMENT

THIS PERFORMANCE AWARD AGREEMENT (the “Agreement”) is made by and between Viskase Companies, Inc., a Delaware corporation (the “Company”), and [Name], an officer or employee of the Company or a subsidiary of the Company (the “Participant”) effective as of January 1, 20[  ].

In consideration of the mutual covenants herein contained and other good and valuable consideration, receipt of which is hereby acknowledged, the Company and the Participant hereby agree as follows:

1. GRANT.  The Company hereby grants to the Participant identified above a Performance Award (calculated in the manner set forth in Sections 3, 4 and 5 hereof) subject to the terms and conditions set forth herein.  No Performance Award will be paid or payable hereunder unless the Participant earns the Performance Award pursuant to the terms and conditions of this Agreement and the Viskase Companies, Inc. 2012 Long-Term Performance Plan dated as of July 10, 2012, as amended on March 10, 2017, and as further amended from time to time (the “Plan”).  This Performance Award is granted pursuant to and is subject to the terms and conditions of the Plan.  A copy of the Plan is attached as an exhibit hereto and the terms and conditions thereof are incorporated herein by this reference and are expressly made part of this Agreement.  All terms used herein and defined in the Plan shall, unless otherwise defined herein, have the same meaning set forth in the Plan.  The Performance Award granted hereby is non-transferable except as otherwise permitted under the Plan.

2. PERFORMANCE PERIOD.  The Performance Period for this Performance Award shall be the three-year period commencing on January 1, 20[  ] and ending on December 31, 20[  ].

3. AWARD VALUE. Participant’s Performance Award hereunder shall be valued based on the Participant’s “award percentage” multiplied by the Bonus Pool. For purposes of this Agreement, the Participant’s “award percentage” is equal to [  ]%.

4. DEFINITIONS.

a) “Bonus Pool” means [  ]% of Economic Profit generated during the Performance Period or as otherwise stated in Section 8. The Bonus Pool cannot be less than $0 and may not exceed $5,000,000 with respect to the Performance Period.

b) “Economic Profit” means EBIT less the Capital Charge. Economic Profit shall be calculated annually during the Performance Period.

c) “EBIT” means, for any fiscal quarter, the consolidated net income determined in accordance with GAAP before the following:

i. interest income and expense,

ii. provision for income taxes,

iii. legacy defined benefit expenses,

iv. OPEB curtailment gains or losses, and

v. restructuring charges, labor union contract negotiation expenses and losses, and mergers and acquisitions related expenses (including prospective transactions and due diligence) are to be capitalized and then amortized through EBIT over

a 3 year period (i.e. over 12 fiscal quarters), beginning by capitalizing the 2015 fiscal year expense and amortizing the subsequent year

EBIT shall be calculated annually during the Performance Period.

Notwithstanding anything to the contrary in the foregoing, the Committee shall, subject to the terms of the Plan (and solely to the extent consistent with the exemption under Code Section 162(m) for compensation intended to constitute “qualified performance-based compensation,” adjust the calculation of EBIT as a result of extraordinary or non-recurring events (including but not limited to goodwill impairments or legacy costs), changes in applicable accounting rules or principles, changes in the Company’s methods of accounting, changes in applicable law, changes due to any consolidation, acquisition or reorganization affecting the Company or such other material change in the Company’s business.

d) “Capital Charge” means, for any fiscal quarter, Average Working Assets multiplied by an annual rate of [  ]%. Capital Charge shall be calculated quarterly during the Performance Period.

e) “Average Working Assets” means, for any fiscal quarter, the average of (i) Working Assets as of the last day of such quarter and (ii) Working Assets as of the last day of the immediately preceding quarter. Average Working Assets shall be calculated for each fiscal quarter during the Performance Period.

f) “Working Assets” means, for any fiscal quarter, the following items as of the last day of such quarter (in each case determined in accordance with GAAP):

i. accounts receivable; plus

ii. net inventory; plus

iii. other current assets; plus

iv. property, plant and equipment net of depreciation (i.e. net book value); plus

v. net value of capitalized restructuring (i.e. gross amount of restructuring capitalized net of accumulated amortized restructuring charged through EBIT); less

vi. accounts payable; less

vii. accrued liabilities (other than accruals for short term taxes or short term interest)

Working Assets shall be calculated quarterly during the Performance Period. The Participant and the Company acknowledge and agree that Working Assets for the fiscal quarter ended December 31, 20[  ] was $[  ] million.  Notwithstanding anything to the contrary in the foregoing the Committee shall, subject to the terms of the Plan, adjust the calculation of Working Assets as a result of extraordinary or non-recurring events (including but not limited to goodwill impairments or legacy costs), changes in applicable accounting rules or principles, changes in the Company’s methods of accounting, changes in applicable law, changes due to any consolidation, acquisition or reorganization affecting the Company or such other material change in the Company’s business.

5. TIMING AND FORM OF PAYOUT.  As soon as practicable after the close of the Performance Period, the Chief Financial Officer shall calculate the financial performance and the proposed payout under the Plan.  The proposed payout shall be presented to the Committee for its review and approval.  Once approved, payment of the Performance Award shall be made within 30 days after completion of the annual audit but not later than June 30 of the calendar year

following the end of the Performance Period.  All Performance Award payments shall be reduced by amounts required to be withheld for taxes at the time payments are made.

6. DEATH, DISABILITY, OR SEPARATION FROM SERVICE DUE TO (i) RETIREMENT, (ii) TERMINATION BY THE COMPANY WITHOUT CAUSE, OR (iii) TERMINATION BY THE COMPANY DUE TO PARTICIPANT’S DISABILITY.  In the event of a Participant’s death, Disability, or Separation from Service (as defined below) due to (i) Retirement, (ii) termination by the Company for any reason other than Cause, or (iii) termination by the Company due to the Participant’s Disability, each, a “Qualifying Event”, in each case on or after January 1, 20[  ] and prior to the end of the Performance Period, the Participant (or in the case of the Participant’s death, the Participant’s beneficiary) shall be entitled to receive a Performance Award payout equal to the Performance Award (calculated in accordance with Sections 3, 4 and 5) as if he or she had remained employed until the last day of the Performance Period, multiplied by a fraction, the numerator of which shall be the number of full calendar months during the period of January 1, 20[  ] through the date the Participant’s employment terminated due to a Qualifying Event and the denominator of which shall be thirty-six (36), the total number of months in the Performance Period.  The payment of such amount shall be made according to same terms set forth in Section 5 above.  As used herein, “Disability” shall have the meaning ascribed to such term in the Plan and must also constitute a “disability” pursuant to Section 409A(a)(2)(C) of the Code.  Notwithstanding anything to the contrary herein, any pro-rata Performance Award payable to the Participant (or in the case of the Participant’s death, the Participant’s beneficiary) under this Section 6 will be conditioned upon the Participant’s execution and delivery to the Company of a release of claims in favor of the Company and its affiliates, which release must become effective and no longer be subject to revocation under applicable law within the 60-day period following such death, Disability or Separation from Service, as applicable. The form of such release will be provided by the Company to the Participant (or in the case of the Participant’s death, the Participant’s beneficiary) within 5 days following such death, Disability or Separation from Service, as applicable.

7. SEPARATION FROM SERVICE FOR ANY OTHER REASON.  Performance Awards are not considered earned until they are approved by the Committee and are actually paid by the Company.  Except as provided in Section 6 or Section 8, the Participant must be an employee of the Company and/or an affiliate continuously from the date of this Agreement until the Performance Award is paid.  Consequently, a Participant whose employment with the Company is voluntarily or involuntarily terminated prior to the Performance Award payment date will be ineligible for payment of the Performance Award, except as otherwise provided by the Committee or pursuant to Section 6, in which case any such Performance Award to the terminated employee shall be paid at the time Performance Awards are paid to active employees pursuant to Section 5 above, or pursuant to Section 8.

8. PAYMENT UPON A CHANGE IN CONTROL.  Notwithstanding anything to the contrary in Section 6 or 7 hereof, upon the occurrence of i) a Change in Control during the Performance Period and ii) following such Change in Control, the Participant’s Separation from Service due to a termination by the Company (other than any termination (i) for Cause or (ii) due to death, Disability or Retirement), the Participant shall be eligible to receive a Performance Award equal to an amount that is the product of the Participant’s “award percentage” multiplied by a Bonus Pool of $[  ], with such amount multiplied by a fraction, the numerator of which shall be the number of full calendar months during the period of January 1, 20[  ] through the date of such Separation from Service and the denominator of which shall be thirty-six (36). Any Performance Award payable to the Participant under this Section 8 will be paid within 65 days following such

termination date, and is conditioned upon the Participant’s execution and delivery to the Company of a release of claims in favor of the Company and its affiliates, which release must become effective and no longer be subject to revocation under applicable law prior to the 60th day following such termination. The form of such release will be provided by the Company to the Participant within 5 days following such termination.  All Performance Award payments shall be reduced by amounts required to be withheld for taxes at the time payments are made. As used herein, “Change in Control” shall have the meaning ascribed to such term in the Plan and must also constitute a “change in control event” within the meaning of Section 409A of the Code. In no event whatsoever shall Participant receive a payment under this Section 8 if he or she receives a payment under Section 6 hereof.

9. NO LIMITATION ON RIGHTS OF THE COMPANY.  The grant of this Performance Award shall not in any way affect the right or power of the Company to make adjustments, reclassification, or changes in its capital or business structure, or to merge, consolidate, dissolve, liquidate, sell or transfer all or any part of its business or assets.

10. CANCELLATION, RESCISSION, AND CLAWBACK OF PERFORMANCE AWARDS.  In the event of a restatement of the Company’s consolidated financial statements that would reduce the amount of any previously awarded Performance Award, the related outstanding Performance Awards will be cancelled or reduced accordingly and the Participant shall pay over to the Company an amount equal to any gain realized as a result of the exercise, distribution or settlement (whether at the time of exercise, distribution or settlement or thereafter) within (a) the twenty-four (24) months preceding such financial restatement for the Chief Executive Officer, the Chief Financial Officer, and the Chief Accounting Officer of the Company or (b) the twelve (12) months preceding such financial restatement for all other Participants.

Additionally, the Committee may at any time, in its sole and absolute discretion, cancel, declare forfeited, rescind, or require the return of any outstanding Performance Award (or a portion thereof) upon the Committee determining that the Participant has, at any time (whether before or after the grant date of the Performance Award), committed a Breach of Conduct.  In addition, at any time following the payment of a Performance Award, the Committee may, in its sole and absolute discretion, rescind any such payment and require the repayment of a Performance Award (or a portion thereof) upon the Committee determining that the Participant has, at any time (whether before or after the payment of the Performance Award), committed a Breach of Conduct.

The Committee’s determination that a Participant has committed a Breach of Conduct, and its decision to require rescission of a Performance Award’s payment, shall be conclusive, binding, and final on all parties.  The Committee’s determination that a Participant has violated the terms of the Plan or the Performance Award and the Committee’s decision to cancel, declare forfeited, or rescind a Performance Award or to require rescission of a Performance Award’s payment shall be conclusive, binding, and final on all parties.

In connection with any cancellation, forfeiture or rescission contemplated by this Section 10 or the Plan, the terms of repayment by the applicable Participant shall be determined in the Committee’s sole and absolute discretion, which may include, among other terms, the repayment being required to be made (i) in one or more installments or payroll deductions or deducted from future bonus payments or (ii) immediately in a lump sum in the event that such Participant incurs a termination of employment.

To the extent not prohibited under applicable law, the Company, in its sole and absolute discretion, will have the right to set off (or cause to be set off) any amounts otherwise due to a Participant from the Company in satisfaction of any repayment obligation of such Participant hereunder, provided that an such amounts are exempt from, or set off in a manner intended to comply with the requirements of Section 409A of the Code.

11. NOTICE.  Any notice or other communication required or permitted hereunder shall be in writing and shall be delivered by electronic mail or personally, or sent by certified, registered or express mail, postage prepaid.  Any such notice shall be deemed given when so delivered (if sent by electronic mail or personal delivery) or, if mailed, three days after the date of deposit in the United States mail, in the case of the Company to the Chief Financial Officer and, in the case of the Participant, to his or her address set forth on the signature page hereto or, in each case, to such other address as may be designated in a notice given in accordance with this Section 11. Electronic mail notices to Participant shall be sent to his or her e-mail address on file with the Company, and electronic mail notices to the Company shall be sent to the head of the Company’s Human Resources Department.

12. GOVERNING LAW.  This Agreement shall be governed by and construed in accordance with the laws of the State of New York without giving effect to the conflicts of laws principles thereof.

13. PARTICIPANT ACKNOWLEDGMENT.  The Participant hereby acknowledges receipt of a copy of the Plan, has read and understands the Plan, and agrees to be bound by all terms and provisions contained therein.

14. DEFINITIONS.  Capitalized terms used herein and not otherwise defined shall have the meanings ascribed to such terms in the Plan.

15. UNFUNDED STATUS. The Performance Award constitutes an unfunded and unsecured promise of the Company to deliver (or cause to be delivered) to the Participant, subject to the terms and conditions of this Agreement and the Plan, payment in respect of the Performance Award as provided herein. By accepting this Performance Award, the Participant understands that this grant does not confer any legal or equitable right (other than those constituting the Performance Award) against the Company or any of its affiliates, directly or indirectly, or give rise to any cause of action at law or in equity against the Company or any of its affiliates. The rights of the Participant (or any person claiming through the Participant) under this Agreement shall be solely those of an unsecured general creditor of the Company.

16. NO RIGHT TO CONTINUED EMPLOYMENT.  Nothing in this Agreement shall be interpreted or construed to confer upon the Participant any right with respect to continuance of employment by the Company or one of its subsidiaries, nor shall this Agreement interfere in any way with the right of the Company or one of its subsidiaries to terminate the Participant’s employment therewith at any time. In addition, the Performance Award is provided solely as an incentive and shall not constitute part of the Participant’s employment compensation package. The Performance Award shall not be considered part of normal or expected compensation for purposes of calculating any severance, resignation, redundancy, end of service payments, long-service awards, pension, or retirement benefits or similar payments.

17. TAX WITHHOLDING. The Participant shall be liable for any and all federal, state, provincial, local or foreign taxes, pension plan contributions, employment insurance premiums,

social insurance contributions, amounts payable to a governmental and/or regulatory body in the Participant’s country and other levies of any kind required by applicable laws to be deducted or withheld with respect to the Performance Award (collectively, the “Withholding Taxes”). The Company and its subsidiaries shall have the right to deduct and withhold all required Withholding Taxes from any payment or other consideration deliverable hereunder to the Participant.

18. PLAN DOCUMENT CONTROLS. The rights herein granted are in all respects subject to the provisions set forth in the Plan to the same extent and with the same effect as if set forth fully herein. In the event that the terms of this Agreement conflict with the terms of the Plan document, the Plan document shall control.

19. COMPLIANCE WITH SECTION 409A. The intent of the parties is that payments and benefits under this Agreement comply with, or be exempt from, Code Section 409A and the regulations and guidance promulgated thereunder (collectively “Code Section 409A”) and, accordingly, to the maximum extent permitted, this Agreement shall be interpreted in accordance with such intent. In no event whatsoever shall the Company be liable for any additional tax, interest or penalty that may be imposed on the Participant by Code Section 409A (or analogous state laws) or any damages for failing to comply with Code Section 409A (or analogous state laws).

If the Participant is a “specified employee” (as such term is defined for purposes of Code Section 409A) at the time of his or her termination of employment, no amount that is subject to Code Section 409A and that becomes payable by reason of such termination of employment shall be paid to the Participant before the earlier of (i) the date immediately following the expiration of the six-month period measured from the date of the Participant’s termination of employment, and (ii) the date of the Participant’s death.  A termination of employment shall be deemed to occur only if it is a “separation from service” (within the meaning of Code Section 409A) (a “Separation from Service”), and references in this Agreement to “termination,” “termination of employment,” or like terms shall mean a Separation from Service.

20. DATA PROTECTION. By executing this Agreement, the Participant consents to the holding and processing of personal information provided by the Participant to the Company, any affiliate of the Company, trustee or third party service provider, for all purposes relating to the performance of this Agreement. These include, but are not limited to: (i) administering and maintaining Participant records; (ii) providing information to the Company, its affiliates, trustees of any employee benefit trust, registrars, brokers or third party administrators; (iii) providing information to future purchasers or merger partners of the Company or any of its affiliates, or the business in which the Participant works; and (iv) to the extent not prohibited by applicable law, transferring information about the Participant to any country or territory that may not provide the same protection for the information as the Participant’s home country.

21. CONFIDENTIALITY.  By executing this Agreement, the Participant agrees and acknowledges that at all times, and notwithstanding any payment or forfeiture of this Performance Award, he or she will hold in strict confidence and will not disclose the terms of this Performance Award and/or the Plan to any third party, except to Participant’s spouse or significant other, legal counsel, financial or tax advisor, or as otherwise required by law. In the event Participant discloses such information to one or more of the foregoing individuals, such individual(s) shall also be bound by the confidentiality obligations set forth herein.

22. Notwithstanding the terms of any other agreement between the Company and Participant, this Agreement and the Performance Award are in addition to, not in substitution of,

and not superseded or eliminated by, any other incentive bonus plan or other contractual bonus arrangement that Participant has or may have had or may in the future have by contract or otherwise, including any participation in the Company’s Management Incentive Plans.

IN WITNESS WHEREOF, Viskase Companies, Inc. has caused this Agreement to be duly executed by its duly authorized officer and said Participant has hereunto signed this Agreement on his or her own behalf, as of the day and year first above written.

VISKASE COMPANIES, INC.

By:

Title:

PARTICIPANT

Participant Signature

Participant Address