May 15, 2017 Samuel J. Mitchell, Jr.Valvoline Inc • May 15th, 2017 • Miscellaneous products of petroleum & coal • Kentucky
May 15, 2017 Valvoline Inc.Valvoline Inc • May 15th, 2017 • Miscellaneous products of petroleum & coal • Kentucky
PERFORMANCE UNIT AGREEMENTPerformance Unit Agreement • May 15th, 2017 • Valvoline Inc • Miscellaneous products of petroleum & coal
Valvoline Inc. (“Valvoline”) hereby grants to the above-named Participant (the “Participant”) _____________ Performance Units (this “Award”) pursuant to the 2016 Valvoline Inc. Incentive Plan (the “Plan”) and this agreement (this “Agreement”), in order to provide the Participant with an additional incentive to continue his or her services to Valvoline and its Subsidiaries and to continue to work for the best interests of Valvoline and its Subsidiaries. The Performance Units represent the contingent right (as set forth herein) of the Participant to receive a number of shares of Common Stock, based upon the achievement of the performance goals set forth in the Long-Term Incentive Plan Program Memorandum (the “LTIP”) (Attachment 1), to be delivered within 30 days after the Award becomes vested as provided herein.
RESTRICTED STOCK UNIT AGREEMENTRestricted Stock Unit Agreement • May 15th, 2017 • Valvoline Inc • Miscellaneous products of petroleum & coal
Valvoline Inc. (“Valvoline”) hereby grants to the above-named Participant (the “Participant”) _____________________ a Restricted Stock Unit (“RSU”) award (this “Award”) pursuant to the 2016 Valvoline Inc. Incentive Plan (the “Plan”) and this agreement (this “Agreement”), in order to provide the Participant with an additional incentive to continue his or her services to Valvoline and its Subsidiaries and to continue to work for the best interests of Valvoline and its Subsidiaries. Each Restricted Stock Unit represents the contingent right (as set forth herein) of the Participant to receive a cash amount equal to the Fair Market Value of one share of Common Stock, par value $0.01 per share, on the applicable vesting date (as defined below).
STOCK APPRECIATION RIGHT AWARD AGREEMENTStock Appreciation Right Award Agreement • May 15th, 2017 • Valvoline Inc • Miscellaneous products of petroleum & coal
Valvoline Inc. (“Valvoline”) hereby grants to the above-named Participant (the “Participant”) ___________ Stock Appreciation Rights (“SARs” and this “Award”) pursuant to the 2016 Valvoline Inc. Incentive Plan (the “Plan”) and this agreement (this “Agreement”), in order to provide the Participant with an additional incentive to continue his or her services to Valvoline and its Subsidiaries and to continue to work for the best interests of Valvoline and its Subsidiaries. Each SAR represents the contingent right (as set forth herein) of the Participant to receive a number of shares of Common Stock (rounded to the nearest whole share) with a Fair Market Value equal to the product of (1) the excess of the Fair Market Value per share of Common Stock over the exercise price per SAR set forth above, multiplied by (2) the number of shares of Common Stock covered by the SAR (or the portion thereof which is so exercised), to be delivered within 30 days following such exercise. For purposes of thi
CASH-SETTLED RESTRICTED STOCK UNIT AWARD AGREEMENT FOR NON-U.S. PARTICIPANTSValvoline Inc • May 15th, 2017 • Miscellaneous products of petroleum & coal • Kentucky
