Attached files

file filename
10-K - FORM 10-K - Momentive Performance Materials Inc.d10k.htm
EX-32 - SECTION 1350 CERTIFICATION OF PEO AND PFO - Momentive Performance Materials Inc.dex32.htm
EX-31.2 - RULE 13A-14(A)/15D-14(A) CERTIFICATION OF PRINCIPAL FINANCIAL OFFICER - Momentive Performance Materials Inc.dex312.htm
EX-31.1 - RULE 13A-14(A)/15D-14(A) CERTIFICATION OF PRINCIPAL EXECUTIVE OFFICER - Momentive Performance Materials Inc.dex311.htm
EX-21.1 - LIST OF SUBSIDIARIES OF MOMENTIVE PERFORMANCE MATERIALS INC. - Momentive Performance Materials Inc.dex211.htm
EX-10.25 - FORM OF GLOBAL AMENDMENT TO NONQUALIFIED STOCK OPTION AGREEMENT - Momentive Performance Materials Inc.dex1025.htm
EX-10.22 - OFFER LETTER AGREEMENT - ANTHONY COLATRELLA - Momentive Performance Materials Inc.dex1022.htm
EX-10.23 - OFFER LETTER AGREEMENT - MIKE MODAK - Momentive Performance Materials Inc.dex1023.htm
EX-12 - RATIO OF EARNINGS TO FIXED CHARGES - Momentive Performance Materials Inc.dex12.htm

Exhibit 10.24

Management Equity Investment and Incentive Acknowledgement

I understand that, in connection with my new position at Momentive Performance Materials Inc. (the “Company”), an affiliate of Apollo Management VI, LP (“Apollo”), I have been given an opportunity to purchase up to $           worth of shares (collectively, the “Shares”) of common stock (the “Common Stock”) of the Company’s parent, Momentive Performance Materials Holdings Inc. (the “Parent”) at a per share price (the “Purchase Price”) equal to the greater of (i) $100 per share or (ii) the fair market value as determined by the Board of Directors of the Parent (the “Board”) under the Parent’s 2007 Long-Term Incentive Plan (such purchase opportunity is collectively referred to herein as the “Investment”) and, if I elect to make an Investment, I will be granted options (the “Options”), which will give me the right to purchase approximately            times the number of Shares I purchase as part of my Investment and shall be subject to vesting as determined by the Board. I understand that the exercise price of the Options shall be equal to the Purchase Price. I understand that the dollar amount of Shares I am committing to purchase is set forth below. I further understand that the purchase and sale of the Shares shall take place no later than      days after the date I am notified of the per share purchase price of the Common Stock and the per share exercise price of the Options.

I acknowledge and understand that my Investment and grant of Options are subject to Board approval and my execution of a subscription agreement, an option grant agreement and an adoption agreement substantially in the form previously delivered to me, pursuant to which I will become subject to the terms and conditions of the Parent’s securityholders agreement. I further understand and acknowledge that, as part of the Investment and my grant of Options, I will be subject to certain noncompetition and nonsolicitation covenants included in the securityholders agreement, which will apply while I am employed by the Company and for twelve months after termination of my employment with the Company.

Investment Amount:                                     

 

By:    
  Name:
Date:    

 

Acknowledged and Agreed:
Momentive Performance Materials Holdings Inc.
By:    
  Name:
Date: