RENTECH, INC. INDUCEMENT TOTAL SHAREHOLDER RETURN PERFORMANCE SHARE AWARDRentech, Inc. • December 30th, 2014 • Agricultural chemicals • California
Pursuant to this Inducement Total Shareholder Return Performance Share Award, effective as of December [ ], 2014 (including Appendix A hereto, the “Agreement”), Rentech, Inc., a Colorado corporation (the “Company”) hereby grants to Keith B. Forman (the “Participant”) the following award of TSR Performance Share Units (“PSUs”). The PSUs granted pursuant to this Agreement shall be eligible to be earned and vest based upon the Participant’s continued Service through the applicable Measurement Dates on which sufficient TSR Value is attained (each such term as defined below), as described herein. Each PSU is hereby granted in tandem with a corresponding Dividend Equivalent, as further described in Section 5 below. The PSUs granted hereby are being granted as an inducement material (within the meaning of NASDAQ Listing Rule 5635(c)(4)) to the Participant’s entering into employment with the Company pursuant to that certain Employment Agreement, dated as of December [ ], 2014, by and between t
