Attached files

file filename
EX-10.5 - EX-10.5 - Trinseo S.A.tse-20160331ex105f2dab6.htm
EX-31.1 - EX-31.1 - Trinseo S.A.tse-20160331ex3119e26d4.htm
EX-10.4 - EX-10.4 - Trinseo S.A.tse-20160331ex10475a09c.htm
10-Q - 10-Q - Trinseo S.A.tse-20160331x10q.htm
EX-32.1 - EX-32.1 - Trinseo S.A.tse-20160331ex321919f54.htm

 

 

Picture 2

Exhibit 10.3

 

Trinseo S.A.

4, rue Lou Hemmer

L-1748 Luxembourg – Findel

Grand Duchy of Luxembourg

 


March 3, 2016

 

Mr. Christopher D. Pappas

 

Dear Mr. Pappas:

 

RE: Definition of Retirement for Purposes of Equity Awards under 2014 Omnibus Incentive Plan (the "Plan")

 

This letter confirms that the following definition of "Retirement" is applicable to all Stock Options granted to you under the Plan to date and in the future unless otherwise notified:

 

"Retirement" means (i) a termination of Optionee's Employment by the Company (or its subsidiaries) other than for Cause; (ii) a termination of Optionee's Employment by the Optionee with "good reason" (with such term having the meaning ascribed thereto in the employment agreement between the Optionee and the Company, or its subsidiaries) ("Good Reason") for so long as such agreement is in effect, or (iii) a termination of Optionee's Employment by the Optionee without Good Reason where the Optionee provides the Company with at least 12 months notice of the termination.

 

This letter confirms that the following definition of "Retirement" is applicable to all Restricted Stock Units granted to you under the Plan to date and in the future unless otherwise notified:

 

"Retirement" means (i) a termination of Grantee's Employment by the Company (or its subsidiaries) other than for Cause; (ii) a termination of Grantee's Employment by the Grantee with "good reason" (with such term having the meaning ascribed thereto in the employment agreement between the Grantee and the Company, or its subsidiaries) ("Good Reason") for so long as such agreement is in effect, or (iii) a termination of Grantee's Employment by the Grantee without Good Reason where the Grantee provides the Company with at least 12 months notice of the termination.

 

**

 

 

 

 

 

Trinseo S.A.

 

 

 

 

By:

/s/ Stephen Zide

 

 

 

 

Name:

Stephen Zide

 

 

 

 

Title:

Director