RESTRICTED STOCK UNIT INDUCEMENT GRANT AWARD AGREEMENTRestricted Stock Unit Inducement Grant Award Agreement • November 6th, 2020 • Tenneco Inc • Motor vehicle parts & accessories
As a material inducement for the Executive to commence employment as the Executive Vice President and Chief Financial Officer of Tenneco Inc. (the “Company”) effective as of August 10, 2020 in accordance with the New York Stock Exchange Listing Company Manual Rule 303A.08, effective as of August 10, 2020, the Executive is hereby granted an award of restricted stock units (“Restricted Stock Units”) with respect to 146,472 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 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 g
AMENDED AND RESTATED]1 TENNECO INC. CASH-SETTLED LONG-TERM PERFORMANCE SHARE UNIT AWARD AGREEMENT ([2020-2022] Performance Period)Performance Share Unit Award Agreement • November 6th, 2020 • Tenneco Inc • Motor vehicle parts & accessories • Illinois
[FOR AMENDED AND RESTATED 2020-2022 AWARDS: Effective as of [Grant Date] (the “Grant Date”), the Participant was granted a Cash Incentive Award (the “Award”) under the Tenneco Inc. 2006 Long-Term Incentive Plan (the “Plan”) which was evidenced by an agreement setting forth the terms and conditions of the Award (the “Prior Agreement”). Pursuant to the authority reserved under the terms of the Plan and the Prior Agreement, effective as of November 4, 2020 (the “Amendment Date”), the Prior Agreement is hereby amended and restated in the form of this agreement (sometimes referred to as the “Award Agreement”), the Award is converted to a Full Value Award under the Plan in the form of performance share units (“PSUs”) with respect to the number of shares of Common Stock set forth herein (“Target PSUs”), and the Award shall be subject to the terms and conditions set forth herein and the terms and conditions of the Plan as the same has been and may be amended from time to time. Pursuant to the
RESTRICTED STOCK UNIT INDUCEMENT GRANT AWARD AGREEMENTRestricted Stock Unit Inducement Grant Award Agreement • November 6th, 2020 • Tenneco Inc • Motor vehicle parts & accessories • Illinois
As a material inducement for the Executive to commence employment as the Executive Vice President and Chief Operating Officer of Tenneco Inc. (the “Company”) effective as of August 3, 2020 in accordance with the New York Stock Exchange Listing Company Manual Rule 303A.08, effective as of August 3, 2020 (the “Grant Date”), the Executive is hereby granted an award of restricted stock units (“Restricted Stock Units”) with respect to 106,524 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 meaning set forth in the Tenneco Inc. 2006 Long-Term Incentive Plan (the “Incentive Plan”). Notwithstanding any provision of this Award Agreement, th
