Attached files
| file | filename |
|---|---|
| 10-K - FORM 10-K - SOLUTIA INC | c96152e10vk.htm |
| EX-23 - EXHIBIT 23 - SOLUTIA INC | c96152exv23.htm |
| EX-21 - EXHIBIT 21 - SOLUTIA INC | c96152exv21.htm |
| EX-10.(J) - EXHIBIT 10(J) - SOLUTIA INC | c96152exv10wxjy.htm |
| EX-31.(B) - EXHIBIT 31(B) - SOLUTIA INC | c96152exv31wxby.htm |
| EX-32.(B) - EXHIBIT 32(B) - SOLUTIA INC | c96152exv32wxby.htm |
| EX-24.(A) - EXHIBIT 24(A) - SOLUTIA INC | c96152exv24wxay.htm |
| EX-10.(K) - EXHIBIT 10(K) - SOLUTIA INC | c96152exv10wxky.htm |
| EX-31.(A) - EXHIBIT 31(A) - SOLUTIA INC | c96152exv31wxay.htm |
| EX-32.(A) - EXHIBIT 32(A) - SOLUTIA INC | c96152exv32wxay.htm |
| EX-24.(B) - EXHIBIT 24(B) - SOLUTIA INC | c96152exv24wxby.htm |
EXHIBIT 10(l)
 |
Solutia Inc. 575 Maryville Centre Drive P.O. Box 66760 |
Jeffry N. Quinn
|
St. Louis, MO 63166-6760 | |
Chairman, President and Chief Executive Officer
|
Tel 314-674-2126 | |
| E-mail jnquin@solutia.com |
February 25, 2009
Mr. Paul J. Berra III
12513 Arbour Knoll Place
St. Louis, Missouri 63128
12513 Arbour Knoll Place
St. Louis, Missouri 63128
Dear Paul:
You are currently a participant in the Executive Separation Pay Plan (the “Plan”) that
provides you with certain benefits in the event your employment with Solutia Inc. is terminated
involuntarily through no fault of your own. At the February 18, 2009 Executive Compensation and
Development Committee (the “ECDC”) meeting, the ECDC approved a modification to the severance
benefits under the Plan provided that your employment was terminated either involuntarily or as a
result of a Change in Control as those terms are defined within the Plan. This letter shall serve
to confirm those modifications.
Involuntary Termination
In the event of an involuntarily termination not related to a Change in Control, you will
receive a lump sum payment (less required withholding) equal to 100% of your annual base salary on
the date of termination, plus the average annual bonus paid to you over the prior three calendar
years immediately preceding your date of termination.
Termination as a result of a Change In Control
In the event of an involuntary termination within twelve months of a Change in Control, you
will receive a lump sum payment (less required withholding) equal to 200% of your annual base
salary on the date of termination, plus the average annual bonus paid to you over the prior three
calendar years immediately preceding your date of termination.
With the exception of the forgoing, all other terms and conditions of the Plan shall remain
the same.
| SOLTUIA INC. |
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| By: | /s/ Jeffry N. Quinn | |||
| Jeffry N. Quinn | ||||
| Chairman of the Board, President & Chief Executive Officer |
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