RESTRICTED STOCK UNIT INDUCEMENT GRANT AWARD AGREEMENTRestricted Stock Unit Inducement Grant Award Agreement • May 11th, 2020 • Tenneco Inc • Motor vehicle parts & accessories • Illinois
As a material inducement for the Executive to commence employment as the Interim Executive Vice President and Chief Financial Officer of Tenneco Inc. (the “Company”) in accordance with the New York Stock Exchange Listing Company Manual Rule 303A.08, effective as of April 1, 2020, the Executive is hereby been granted an award of restricted stock units (“Restricted Stock Units”) with respect to 141,243 shares of the Company’s class A voting common stock, par value $0.01 per share (“Common Stock”). The Award is subject to the following terms and conditions (sometimes referred to as this “Award Agreement”). Terms used in this Award Agreement are defined elsewhere in this Award Agreement; provided, however, that, solely for convenience, capitalized terms used herein and not otherwise defined shall have the same meaning set forth in the Tenneco Inc. 2006 Long-Term Incentive Plan (the “Incentive Plan”). Notwithstanding any provision of this Award Agreement, this Award is not granted under the
SEPARATION AGREEMENT AND GENERAL RELEASESeparation Agreement • May 11th, 2020 • Tenneco Inc • Motor vehicle parts & accessories • Michigan
This Separation Agreement and General Release (this “Agreement”) is made by and between Tenneco Inc. (“Tenneco”), on its behalf and on behalf of its direct or indirect subsidiaries, affiliates and related companies or entities, regardless of its or their form of business organization, including without limitation, whenever applicable Tenneco Automotive Operating Company Inc. (collectively the “Employer Entities”), and Roger J. Wood (“Employee”). Tenneco and Employee are referred to individually as a “Party” and collectively as the “Parties.” For convenience, Tenneco is sometimes referred to herein as “Employer” when referring to Employee’s employment relationship to Tenneco and the Employer Entities.
