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Chemours Co – ‘10-Q’ for 6/30/15 – ‘EX-10.24’

On:  Thursday, 8/6/15, at 4:17pm ET   ·   For:  6/30/15   ·   Accession #:  1627223-15-23   ·   File #:  1-36794

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  As Of               Filer                 Filing    For·On·As Docs:Size

 8/06/15  Chemours Co                       10-Q        6/30/15  100:8M

Quarterly Report   —   Form 10-Q   —   Sect. 13 / 15(d) – SEA’34
Filing Table of Contents

Document/Exhibit                   Description                      Pages   Size 

 1: 10-Q        Quarterly Report                                    HTML    640K 
 2: EX-10.21    Material Contract                                   HTML    110K 
 3: EX-10.22    Material Contract                                   HTML    117K 
 4: EX-10.23    Material Contract                                   HTML     67K 
 5: EX-10.24    Material Contract                                   HTML     36K 
10: EX-95       Mine-Safety Disclosure                              HTML     34K 
 6: EX-31.1     Certification -- §302 - SOA'02                      HTML     35K 
 7: EX-31.2     Certification -- §302 - SOA'02                      HTML     35K 
 8: EX-32.1     Certification -- §906 - SOA'02                      HTML     30K 
 9: EX-32.2     Certification -- §906 - SOA'02                      HTML     30K 
70: R1          Document and Entity Information                     HTML     47K 
57: R2          Interim Combined Statements of Operations           HTML     76K 
                (Unaudited)                                                      
68: R3          Interim Combined Statements of Operations           HTML     31K 
                (Unaudited) Interim Combined Statements of                       
                Operations (Unaudited) (Parenthetical)                           
73: R4          Interim Consolidated Statements of Comprehensive    HTML    130K 
                (Loss) Income (Unaudited)                                        
92: R5          Interim Combined Balance Sheets                     HTML    127K 
59: R6          Interim Consolidated Statements of DuPont Company   HTML     73K 
                Net Investment (Unaudited)                                       
67: R7          Interim Consolidated Statements of DuPont Company   HTML     31K 
                Net Investment (Unaudited) (Parenthetical)                       
52: R8          Interim Combined Statements of Cash Flows           HTML     94K 
                (Unaudited)                                                      
43: R9          Interim Combined Statements of Cash Flows           HTML     30K 
                (Unaudited) (Parenthetical)                                      
93: R10         Background and Description of the Business          HTML     66K 
75: R11         Basis of Presentation                               HTML     66K 
74: R12         Summary of Significant Accounting Policies          HTML     50K 
80: R13         Relationship with DuPont and Related Entities       HTML     73K 
81: R14         Research and Development Expense                    HTML     35K 
78: R15         Employee Separation and Asset Related Charges, Net  HTML     66K 
82: R16         Other Income, Net                                   HTML     53K 
69: R17         Income Taxes                                        HTML     37K 
71: R18         Accounts and Notes Receivable - Trade, Net          HTML     50K 
77: R19         Inventories                                         HTML     43K 
100: R20         Property, Plant, and Equipment                      HTML     33K  
88: R21         Intangible Assets, Net                              HTML     64K 
63: R22         Other Assets                                        HTML     45K 
76: R23         Debt                                                HTML     56K 
65: R24         Commitments and Contingent Liabilities              HTML     55K 
33: R25         Financial Instruments                               HTML     68K 
89: R26         Long-Term Employee Benefits                         HTML    122K 
96: R27         Segment Information                                 HTML    160K 
47: R28         Subsequent Events                                   HTML     32K 
46: R29         Summary of Significant Accounting Policies          HTML     63K 
                (Policies)                                                       
50: R30         Basis of Presentation (Tables)                      HTML     51K 
51: R31         Relationship with DuPont and Related Entities       HTML     45K 
                (Tables)                                                         
53: R32         Employee Separation and Asset Related Charges, Net  HTML     62K 
                (Tables)                                                         
25: R33         Other Income, Net (Tables)                          HTML     51K 
86: R34         Accounts and Notes Receivable - Trade, Net          HTML     44K 
                (Tables)                                                         
61: R35         Inventories (Tables)                                HTML     40K 
64: R36         Intangible Assets, Net (Tables)                     HTML     58K 
38: R37         Other Assets (Tables)                               HTML     45K 
99: R38         Debt (Tables)                                       HTML     46K 
17: R39         Financial Instruments (Tables)                      HTML     73K 
54: R40         Long-Term Employee Benefits (Tables)                HTML    114K 
91: R41         Segment Information (Tables)                        HTML    155K 
36: R42         Background and Description of the Business          HTML     51K 
                (Narrative) (Details)                                            
45: R43         Basis of Presentation (Details)                     HTML     39K 
49: R44         Basis of Presentation (Pro Forma Earnings Per       HTML     45K 
                Share) (Details)                                                 
58: R45         Summary of Significant Accounting Policies Summary  HTML     30K 
                of SIgnificant Accounting Policies (Details)                     
24: R46         Research and Development Expense (Details)          HTML     37K 
42: R47         Relationship with DuPont and Related Entities       HTML     44K 
                (Related Party Purchases and Sales) (Details)                    
19: R48         Relationship with DuPont and Related Entities       HTML     39K 
                (Leveraged Services and Corporate Costs) (Details)               
90: R49         Relationship with DuPont and Related Entities       HTML     39K 
                (Details)                                                        
34: R50         Employee Separation and Asset Related Charges, Net  HTML     46K 
                Employee Separation and Asset Related Charges, Net               
                (Narrative) (Details)                                            
87: R51         Employee Separation and Asset Related Charges, Net  HTML     50K 
                (Segment Earnings) (Details)                                     
39: R52         Employee Separation and Asset Related Charges, Net  HTML     53K 
                (Restructuring Program schedule) (Details)                       
55: R53         Other Income, Net (Schedule of Other Income)        HTML     49K 
                (Details)                                                        
18: R54         Income Taxes (Details)                              HTML     45K 
22: R55         Accounts and Notes Receivable - Trade, Net          HTML     48K 
                (Narrative) (Details)                                            
48: R56         Accounts and Notes Receivable - Trade, Net          HTML     44K 
                (Schedule of Accounts and Notes Receivable)                      
                (Details)                                                        
28: R57         Inventories (Details)                               HTML     47K 
94: R58         Property, Plant, and Equipment Property, Plant and  HTML     33K 
                Equipment (Details)                                              
60: R59         Intangible Assets, Net (Schedule of Other           HTML     47K 
                Intangible Assets) (Details)                                     
79: R60         Intangible Assets, Net (Narrative) (Details)        HTML     39K 
41: R61         Other Assets (Details)                              HTML     51K 
44: R62         Debt (Components of Long-Term Debt) (Details)       HTML     58K 
85: R63         Debt (Senior Secured Credit Facilities) (Details)   HTML     75K 
83: R64         Debt (Senior Unsecured Notes) (Details)             HTML     56K 
62: R65         Debt (Maturities and Fair Value) (Details)          HTML     62K 
84: R66         Commitments and Contingent Liabilities              HTML     30K 
                (Guarantees) (Details)                                           
40: R67         Commitments and Contingent Liabilities              HTML     72K 
                (Litigation) (Narrative) (Details)                               
66: R68         Commitments and Contingent Liabilities              HTML     49K 
                (Environmental) (Narrative) (Details)                            
95: R69         Financial Instruments (Details)                     HTML     34K 
21: R70         Financial Instruments (Schedule of the Fair Value   HTML     51K 
                of Derivative Instruments) (Details)                             
32: R71         Long Term Employee Benefits Defined Benefit Plans   HTML     35K 
                (Narrative) (Details)                                            
56: R72         Long-Term Employee Benefits (Mulitemployer Plan)    HTML     36K 
                (Details)                                                        
27: R73         Long-Term Employee Benefits (Single and Multiple    HTML     74K 
                Employer Plans) (Details)                                        
98: R74         Long-Term Employee Benefits (Schedules of Net       HTML     47K 
                Periodic Benefit Cost) (Details)                                 
37: R75         Long-Term Employee Benefits (Assumptions)           HTML     43K 
                (Details)                                                        
29: R76         Long-Term Employee Benefits (Plan Assets)           HTML     77K 
                (Details)                                                        
31: R77         Long-Term Employee Benefits (Cash Flow) (Details)   HTML     67K 
23: R78         Segment Information (Narrative) (Details)           HTML     29K 
26: R79         Segment Information (Schedule of Segment            HTML     55K 
                Information) (Details)                                           
72: R80         Segment Information (Reconciliation to              HTML     47K 
                Consolidated Income Statements) (Details)                        
30: R81         Subsequent Events (Details)                         HTML     36K 
97: XML         IDEA XML File -- Filing Summary                      XML    176K 
20: EXCEL       IDEA Workbook of Financial Reports                  XLSX     98K 
11: EX-101.INS  XBRL Instance -- cc-20150630                         XML   2.25M 
13: EX-101.CAL  XBRL Calculations -- cc-20150630_cal                 XML    284K 
14: EX-101.DEF  XBRL Definitions -- cc-20150630_def                  XML    739K 
15: EX-101.LAB  XBRL Labels -- cc-20150630_lab                       XML   1.61M 
16: EX-101.PRE  XBRL Presentations -- cc-20150630_pre                XML   1.01M 
12: EX-101.SCH  XBRL Schema -- cc-20150630                           XSD    193K 
35: ZIP         XBRL Zipped Folder -- 0001627223-15-000023-xbrl      Zip    240K 


‘EX-10.24’   —   Material Contract


This Exhibit is an HTML Document rendered as filed.  [ Alternative Formats ]



 <!   C:   C: 
  CC-Ex.10.24_2015.6.30_Q2  

EXHIBIT 10.24

AWARD TERMS OF
TIME-VESTED RESTRICTED STOCK UNITS GRANTED TO A NONEMPLOYEE DIRECTOR UNDER THE CHEMOURS COMPANY EQUITY AND INCENTIVE PLAN
FOR GRANTEES LOCATED IN THE U.S.


Introduction
You have been granted time-vested Restricted Stock Units under The Chemours Company Equity and Incentive Plan (“Plan”) [CONVERSION AWARDS: in substitution of certain of your outstanding award under the E. I. du Pont de Nemours and Company Equity and Incentive Plan], subject to the following Award Terms. This grant is also subject to the terms of the Plan, which is hereby incorporated by reference. However, to the extent that an Award Term conflicts with the Plan, the Plan shall govern. Unless otherwise defined herein, the terms defined in the Plan shall have the same defined meanings in these Award Terms, including any appendices to these Award Terms (hereinafter, collectively referred to as the “Agreement”). A copy of the Plan, and other Plan-related materials, such as the Plan prospectus, are available upon request or on the Merrill Lynch website at:

www.benefits.ml.com

Grant Award Acceptance
You must expressly accept the terms and conditions of your Award as set forth in this Agreement. To accept, log on to Merrill Lynch Benefits OnLine at www.benefits.ml.com, select Equity Plan > Grant Information > Pending Acceptance.
 
IF YOU DO NOT ACCEPT YOUR RESTRICTED STOCK UNITS IN THE MANNER INSTRUCTED BY THE COMPANY, YOUR RESTRICTED STOCK UNITS WILL BE SUBJECT TO CANCELLATION.
Date of Grant    [        ] (“Date of Grant”)

Type of Awards    Time-vested Restricted Stock Units

Dividend Equivalents
Dividends payable on the shares represented by your Restricted Stock Units (including whole and fractional Restricted Stock Units) will be allocated to your account in the form of additional Restricted Stock Units (whole and fractional) based upon the closing Stock price on the date of the dividend payment.

Restricted Period
You may not sell, gift, or otherwise transfer or dispose of any of the units during the “Restricted Period.” The Restricted Period commences on the Date of Grant and lapses upon the earlier of: (i) “separation from service” (within the meaning of Internal Revenue Code Section 409A) and (ii) death or disability.



1        




Payment
Restricted Stock Units shall be paid to you or your beneficiary (or estate, if there is no beneficiary), as applicable, within sixty (60) days of the date on which the Restricted Period on such Restricted Stock Units lapses. Restricted Stock Units are payable in one share of Stock for each whole Restricted Stock Unit and a cash payment for any fraction of a Restricted Stock Unit. The value of each fractional Restricted Stock Unit will be based on the average high and low prices of the Stock as reported on the Composite Tape of the New York Stock Exchange as of the effective date of payment.

Deferral
You may defer the settlement of this Award in accordance with the Stock Accumulation and Deferred Compensation Plan for Directors.

Withholding
Proceeds from vesting of RSUs are subject to various income taxes, including but not limited to Federal, self-employment tax, and City of Wilmington. For U.S. residents, the Company is not required nor does it withhold taxes from your proceeds; however, the Company will report proceeds on a Form 1099-MISC, Non-employee compensation. Grantees are encouraged to consult a tax professional on more specifics.
  
Severability
The provisions of this Agreement are severable and if any one or more provisions are determined to be illegal or otherwise unenforceable, in whole or in part, the remaining provisions shall nevertheless be binding and enforceable.

Waiver
You acknowledge that a waiver by the Company of breach of any provision of this Agreement shall not operate or be construed as a waiver of any other provision of this Agreement, or of any subsequent breach of this Agreement.

Imposition of Other    
Requirements
The Company reserves the right to impose other requirements on your participation in this Agreement, on the Restricted Stock Units and on any shares of Stock acquired under the Plan, to the extent the Company determines it is necessary or advisable for legal or administrative reasons, and to require you to sign any additional agreements or undertakings that may be necessary to accomplish the foregoing.




2        

Dates Referenced Herein   and   Documents Incorporated by Reference

This ‘10-Q’ Filing    Date    Other Filings
Filed on:8/6/158-K
For Period end:6/30/1510-Q/A,  S-8
 List all Filings 


4 Subsequent Filings that Reference this Filing

  As Of               Filer                 Filing    For·On·As Docs:Size             Issuer                      Filing Agent

 3/27/24  Chemours Co.                      10-K       12/31/23  200:50M                                    Donnelley … Solutions/FA
 2/10/23  Chemours Co.                      10-K       12/31/22  185:39M                                    Donnelley … Solutions/FA
 2/11/22  Chemours Co.                      10-K       12/31/21  185:36M                                    ActiveDisclosure/FA
 2/12/21  Chemours Co.                      10-K       12/31/20  182:38M                                    ActiveDisclosure/FA
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Filing Submission 0001627223-15-000023   –   Alternative Formats (Word / Rich Text, HTML, Plain Text, et al.)

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