SEPARATION AND RELEASE AGREEMENT (Under the Huntsman Executive Severance Plan) (NOTE: YOU ARE ADVISED TO CONSULT WITH AN ATTORNEY PRIOR TO EXECUTING THIS AGREEMENT)Separation and Release Agreement • December 29th, 2009 • Huntsman CORP • Chemicals & allied products • Texas
This Separation and Release Agreement (this “Agreement”), is made and entered into by and between Huntsman Corporation (the “Company”), and Samuel D. Scruggs (“Employee”). The Company has adopted and is an Employer as defined in the Huntsman Executive Severance Plan (as the same may be amended, the “Severance Plan”). The Severance Plan offers certain severance benefits to eligible employees of the Company whose employment is terminated under the circumstances set forth in the Severance Plan. The Company has determined that the pending termination of Employee’s employment with the Company meets the requirements of the Severance Plan and, therefore, Employee is eligible to receive certain severance benefits under the Severance Plan, subject to the satisfaction by Employee of all of the terms and conditions identified in this Agreement and in the Severance Plan. For additional information about such severance benefits and the Severance Plan, Employee should refer to the copy of the Severa
