PHANTOM STOCK UNIT AWARD AGREEMENTPhantom Stock Unit Award Agreement • April 30th, 2012 • Solutia Inc • Chemicals & allied products • Delaware
THIS PHANTOM STOCK UNIT AWARD AGREEMENT (this “Agreement”), dated as of the Grant Date specified above, is entered into by and between Solutia Inc., a company organized in the State of Delaware (the “Company”), and the Participant (the “Participant”).
February 14, 2012 Mr. Paul J. Berra III 12513 Arbour Knoll Place St. Louis, Missouri 63128 Re: Amendment to the Letter Severance Agreement Dear Paul:Severance Agreement • April 30th, 2012 • Solutia Inc • Chemicals & allied products
You previously entered into an agreement with Solutia, Inc. (the “Company”) on February 25, 2009 (the “Agreement”) describing a modification to the severance benefits under the Executive Separation Pay Plan (the “Plan”) provided that your employment was terminated either involuntarily or as a result of a Change in Control as those terms are defined within the Plan. The Company would like to amend the Agreement to clarify your severance benefits by deleting in its entirety the paragraph under the section titled “Termination as a result of a Change In Control” and replacing it with the following:
