KEMET CORPORATION FY2020/FY2021 LONG-TERM INCENTIVE PLAN AWARD AND RESTRICTED STOCK AGREEMENT Dated: May 18, 2019Award and Restricted Stock Agreement • May 30th, 2019 • Kemet Corp • Electronic components & accessories • Delaware
KEMET Corporation (the “Company”) is pleased to advise you that, pursuant to the KEMET Corporation Omnibus Incentive Plan (the “Plan”), the Company’s Compensation Committee (the “Committee”) has granted to you this award under the FY2020/FY2021 Long-Term Incentive Plan (the “LTIP Award”). Sixty percent (60%) of the value of the LTIP Award is provided by a performance-based Performance Award which, if certain performance measures are met and other conditions satisfied, will provide you with a combination of cash and Restricted Stock Units of the Company. Forty percent (40%) of the value of the LTIP Award is provided by a time-based Restricted Stock Unit Award, by which, upon the vesting and settlement of the underlying Restricted Stock Units, you shall be issued Restricted Stock of the Company. An illustration of your LTIP Award payouts in the event that the Company meets its performance targets has been provided to you in a separate document.
