TENNECO INC. 2006 LONG-TERM INCENTIVE PLAN CASH-SETTLED RESTRICTED STOCK UNIT RETENTION AWARD AGREEMENTCash-Settled Restricted Stock Unit Retention Award Agreement • December 9th, 2020 • Tenneco Inc • Motor vehicle parts & accessories • Illinois
Effective as of December 7, 2020 (the “Grant Date”), the Participant has been granted a Full Value Award under the Tenneco Inc. 2006 Long-Term Incentive Plan (the “Plan”) in the form of 278,552 cash-settled restricted stock units (“Restricted Stock Units”) to incentivize the Participant to remain employed by the Company and its affiliates. Each vested Restricted Stock Unit shall have a value equal to the Fair Market Value of one share of Common Stock on the applicable Settlement Date (as defined herein). The Award is subject to the following terms and conditions (sometimes referred to as this “Award Agreement”) and the terms and conditions of the Plan as the same has been and may be amended from time to time. Terms used in this Award Agreement are defined elsewhere in this Award Agreement; provided, however, that, capitalized terms used herein and not otherwise defined shall have the meaning set forth in the Plan.
