EMPLOYMENT AGREEMENTEmployment Agreement • February 29th, 2012 • LyondellBasell Industries N.V. • Industrial organic chemicals • Texas
This Employment Agreement (the “Agreement”), dated as of June 2, 2011 is entered into by and among Lyondell Chemical Company, a Delaware corporation (the Company”) and Tim Roberts (the “Executive”).
LYONDELLBASELL INDUSTRIES QUALIFIED PERFORMANCE AWARD AGREEMENTQualified Performance Award Agreement • February 29th, 2012 • LyondellBasell Industries N.V. • Industrial organic chemicals
By letter (the “Grant Letter”), effective as of the date specified in the Grant Letter (the “Grant Date”), LyondellBasell Industries N.V. (the “Company”), pursuant to the LyondellBasell Industries 2010 Long-Term Incentive Plan (the “Plan”), has granted to the Participant a number of Stock Units (as defined in the Plan) equal to the Target multiplied by the Earned Percentage (as defined in the LyondellBasell Industries Medium Term Incentive Plan (the “MTI Plan”)) certified for the Performance Cycle, subject to the vesting provisions specified herein (the “Qualified Performance Award”). The applicable Target and Performance Cycle are set forth in the Grant Letter. The Earned Percentage shall be determined pursuant to the MTI Plan based on the Performance Measures specified in the Grant Letter. These grants are all subject to adjustment as provided in the Plan, and the following terms and conditions (the “Award Agreement”):
