EMPLOYMENT AGREEMENT dated as of May 10, 2004 (this “Agreement”), by and between RESOLUTION PERFORMANCE PRODUCTS LLC, a Delaware corporation (the “Company”) and DAVID S. GRAZIOSI (“Executive”).Employment Agreement • May 7th, 2004 • RPP Capital Corp • Plastic materials, synth resins & nonvulcan elastomers • New York
In order to induce Executive to accept employment with the Company, the Company desires to provide Executive with compensation and other benefits on the terms and conditions set forth in this Agreement. Executive is willing to enter into such employment and perform services for the Company on the terms and conditions set forth in this Agreement. Therefore, the Company and Executive agree as follows:
AMENDMENT NO. 2, dated March 22, 2004 (this “Amendment No. 2”), to the Employment Agreement dated May 8, 2001, as amended by Amendment No. 1 thereto dated February 17, 2003 (the “Employment Agreement”), by and between RESOLUTION PERFORMANCE PRODUCTS...Employment Agreement • May 7th, 2004 • RPP Capital Corp • Plastic materials, synth resins & nonvulcan elastomers • New York
WHEREAS, in recognition of Executive’s continuing contributions to the Company and his appointment as Senior Vice President, General Counsel and Corporate Secretary, Executive and the Company desire to amend Executive’s Employment Agreement as specifically set forth in this Amendment No.2.
SEPARATION AGREEMENT (this “Agreement”), dated as of May 10, 2004 (the “Execution Date”), among RESOLUTION PERFORMANCE PRODUCTS INC., a Delaware corporation (the “RPP Inc.”), RESOLUTION PERFORMANCE PRODUCTS LLC, a Delaware limited liability company...Separation Agreement • May 7th, 2004 • RPP Capital Corp • Plastic materials, synth resins & nonvulcan elastomers • New York
WHEREAS, pursuant to a Non-Qualified Stock Option Agreement dated as of March 7, 2001 (the “Option Agreement”), between RPP Inc. and the J. Travis Spoede Trust (Dated 03/26/99) (the “Trust”), Executive acquired, through his Trust, 700 Tranche A Options (as defined therein) and 1,400 Tranche B Options (as defined therein and collectively with the Tranche A Options, the “Options”) to purchase shares of RPP Inc.’s Common Stock (as defined therein);
