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Ecovyst Inc. – ‘10-K’ for 12/31/21 – ‘EX-10.8’

On:  Tuesday, 3/1/22, at 5:23pm ET   ·   For:  12/31/21   ·   Accession #:  1708035-22-6   ·   File #:  1-38221

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

 3/01/22  Ecovyst Inc.                      10-K       12/31/21  181:24M

Annual Report   —   Form 10-K

Filing Table of Contents

Document/Exhibit                   Description                      Pages   Size 

 1: 10-K        Annual Report                                       HTML   2.70M 
 2: EX-4.3      Instrument Defining the Rights of Security Holders  HTML     56K 
 6: EX-10.10    Material Contract                                   HTML     76K 
 7: EX-10.11    Material Contract                                   HTML     76K 
 8: EX-10.38    Material Contract                                   HTML     74K 
 3: EX-10.7     Material Contract                                   HTML     76K 
 4: EX-10.8     Material Contract                                   HTML     64K 
 5: EX-10.9     Material Contract                                   HTML     61K 
 9: EX-21.1     Subsidiaries List                                   HTML     52K 
10: EX-23.1     Consent of Expert or Counsel                        HTML     44K 
11: EX-23.2     Consent of Expert or Counsel                        HTML     44K 
12: EX-31.1     Certification -- §302 - SOA'02                      HTML     49K 
13: EX-31.2     Certification -- §302 - SOA'02                      HTML     49K 
14: EX-32.1     Certification -- §906 - SOA'02                      HTML     46K 
15: EX-32.2     Certification -- §906 - SOA'02                      HTML     46K 
21: R1          Cover                                               HTML    106K 
22: R2          Audit Information                                   HTML     50K 
23: R3          Consolidated Statements of Income                   HTML    180K 
24: R4          Consolidated Statements of Comprehensive Income     HTML     81K 
                (Loss)                                                           
25: R5          Consolidated Balance Sheets                         HTML    207K 
26: R6          Consolidated Statements of Stockholders? Equity     HTML    131K 
27: R7          Consolidated Statements of Cash Flows               HTML    191K 
28: R8          Consolidated Statements of Stockholders? Equity     HTML     46K 
                (Parenthetical)                                                  
29: R9          Background and Basis of Presentation                HTML     54K 
30: R10         Summary of Significant Accounting Policies          HTML     90K 
31: R11         New Accounting Standards                            HTML     61K 
32: R12         Performance Materials Divestiture                   HTML     92K 
33: R13         Performance Chemicals Divestiture                   HTML    109K 
34: R14         Acquisition                                         HTML     87K 
35: R15         Revenue from Contracts with Customers               HTML    109K 
36: R16         Fair Value Measurements                             HTML     69K 
37: R17         Stockholders' Equity                                HTML    152K 
38: R18         Other Operating Expense, Net                        HTML     59K 
39: R19         Inventories, Net                                    HTML     58K 
40: R20         Investments in Affiliated Companies                 HTML     79K 
41: R21         Property, Plant and Equipment                       HTML     57K 
42: R22         Leases                                              HTML    146K 
43: R23         Reportable Segments                                 HTML    139K 
44: R24         Goodwill and Other Intangible Assets                HTML    103K 
45: R25         Accrued Liabilities                                 HTML     59K 
46: R26         Long-term Debt                                      HTML     89K 
47: R27         Other Long-term Liabilities                         HTML     55K 
48: R28         Financial Instruments                               HTML    117K 
49: R29         Income Taxes                                        HTML    151K 
50: R30         Benefit Plans                                       HTML    302K 
51: R31         Stock-Based Compensation                            HTML    158K 
52: R32         Earnings per Share                                  HTML     79K 
53: R33         Commitments and Contingent Liabilities              HTML     52K 
54: R34         Related Party Transactions                          HTML     52K 
55: R35         Quarterly Financial Summary (Unaudited)             HTML    130K 
56: R36         Supplemental Cash Flow Information                  HTML     67K 
57: R37         Subsequent Events                                   HTML     47K 
58: R38         Schedule I - Condensed Financial Information of     HTML    108K 
                Parent                                                           
59: R39         Summary of Significant Accounting Policies Summary  HTML    167K 
                of Significant Accounting Policies (Policies)                    
60: R40         Performance Materials Divestiture (Tables)          HTML     92K 
61: R41         Performance Chemicals Divestiture (Tables)          HTML    106K 
62: R42         Chem32 Acquisition (Tables)                         HTML     85K 
63: R43         Revenue from Contracts with Customers Revenue from  HTML     93K 
                Contracts with Customers (Tables)                                
64: R44         Fair Value Measurements (Tables)                    HTML     62K 
65: R45         Stockholders' Equity (Tables)                       HTML    144K 
66: R46         Other Operating Expense, Net (Tables)               HTML     59K 
67: R47         Inventories (Tables)                                HTML     58K 
68: R48         Investments in Affiliated Companies (Tables)        HTML     75K 
69: R49         Property, Plant and Equipment (Tables)              HTML     56K 
70: R50         Leases (Tables)                                     HTML    100K 
71: R51         Reportable Segments (Tables)                        HTML    141K 
72: R52         Goodwill and Other Intangible Assets Goodwill and   HTML    139K 
                Other Intangible Assets (Tables)                                 
73: R53         Accrued Liabilities Accrued Liabilities (Tables)    HTML     59K 
74: R54         Long-term Debt (Tables)                             HTML     72K 
75: R55         Other Long-term Liabilities Other Long-term         HTML     55K 
                Liabilities (Tables)                                             
76: R56         Financial Instruments (Tables)                      HTML    114K 
77: R57         Income Taxes (Tables)                               HTML    157K 
78: R58         Benefit Plans (Tables)                              HTML    312K 
79: R59         Stock-Based Compensation Stock-Based Compensation   HTML    137K 
                (Tables)                                                         
80: R60         Earnings per Share (Tables)                         HTML     81K 
81: R61         Quarterly Financial Summary (Unaudited) (Tables)    HTML    130K 
82: R62         Supplemental Cash Flow Information (Tables)         HTML     80K 
83: R63         Schedule I - Condensed Financial Information of     HTML    104K 
                Parent (Tables)                                                  
84: R64         Background and Basis of Presentation (Details)      HTML     55K 
85: R65         Summary of Significant Accounting Policies -        HTML     69K 
                Narratives (Details)                                             
86: R66         Performance Materials Divestiture - Narrative       HTML     59K 
                (Details)                                                        
87: R67         Performance Materials Divestiture - Reconciliation  HTML     62K 
                of Loss (Details)                                                
88: R68         Performance Materials Divestiture - Income          HTML    115K 
                Information (Details)                                            
89: R69         Performance Materials Divestiture - Assets and      HTML    116K 
                Liabilities (Details)                                            
90: R70         Performance Chemicals Divestiture - Narrative       HTML     54K 
                (Details)                                                        
91: R71         Performance Chemicals Divestiture - Reconciliation  HTML    126K 
                of Loss (Details)                                                
92: R72         Performance Chemicals Divestiture - Income          HTML    118K 
                Information (Details)                                            
93: R73         Performance Chemicals Divestiture - Assets and      HTML    116K 
                Liabilities (Details)                                            
94: R74         Performance Chemicals Divestiture - Financing       HTML     50K 
                Obligation (Details)                                             
95: R75         Acquisition Narrative (Details)                     HTML     68K 
96: R76         Chem32 Purchase Price Allocation (Details)          HTML    126K 
97: R77         Intangible Asset Acquisitions (Details)             HTML     57K 
98: R78         Revenue from Contracts with Customers Contract      HTML     49K 
                Assets and Liabilities (Details)                                 
99: R79         Revenue from Contracts with Customers               HTML     91K 
                Disaggregated Revenue (Details)                                  
100: R80         Fair Value Measurements - Assets and Liabilities    HTML     55K  
                Measured at Fair Value on a Recurring Basis                      
                (Details)                                                        
101: R81         Stockholders' Equity - Components of AOCI           HTML     69K  
                (Details)                                                        
102: R82         Stockholders' Equity - Pre-tax and After-tax        HTML     79K  
                Components of Other Comprehensive Income (Loss)                  
                (Details)                                                        
103: R83         Stockholders' Equity - Change by Component          HTML     84K  
                (Details)                                                        
104: R84         Stockholders' Equity - Reclassifications out of     HTML     98K  
                AOCI (Details)                                                   
105: R85         Stock Repurchase Program (Details)                  HTML     57K  
106: R86         Dividends Paid (Details)                            HTML     46K  
107: R87         Other Operating Expense, Net (Details)              HTML     59K  
108: R88         Inventories (Details)                               HTML     59K  
109: R89         Inventories, Net - Narratives (Details)             HTML     47K  
110: R90         Investments in Affiliated Companies - Narratives    HTML     64K  
                (Details)                                                        
111: R91         Investments in Affiliated Companies - Ownership     HTML     50K  
                Percentage (Details)                                             
112: R92         Investments in Affiliated Companies - Summarized    HTML     81K  
                Balance Sheet (Details)                                          
113: R93         Investments in Affiliated Companies - Summarized    HTML     82K  
                Income Statement (Details)                                       
114: R94         Investments in Affiliated Companies - Rollforward   HTML     56K  
                (Details)                                                        
115: R95         Property, Plant and Equipment (Details)             HTML     62K  
116: R96         Property, Plant and Equipment - Narratives          HTML     46K  
                (Details)                                                        
117: R97         Leases - Narratives (Details)                       HTML     48K  
118: R98         Leases - Right-of-Use Lease Assets and Lease        HTML     69K  
                Liabilities (Details)                                            
119: R99         Leases - Remaining Average Weighted Average Lease   HTML     56K  
                Term and Discount Rates (Details)                                
120: R100        Leases - Lease Maturity Schedule - ASC 842          HTML     84K  
                (Details)                                                        
121: R101        Leases - Other Lease Information (Details)          HTML     58K  
122: R102        Reportable Segments - Narratives (Details)          HTML     48K  
123: R103        Reportable Segments - Summary Financial             HTML     84K  
                Information by Reportable Segment (Details)                      
124: R104        Reportable Segments - Reconciliation of Net Income  HTML     95K  
                to Adjusted EBITDA (Details)                                     
125: R105        Reportable Segments - Capital Expenditures          HTML     56K  
                (Details)                                                        
126: R106        Reportable Segments - Sales by Geography (Details)  HTML     65K  
127: R107        Reportable Segments - Assets by Geography           HTML     51K  
                (Details)                                                        
128: R108        Goodwill and Other Intangible Assets - Goodwill     HTML     58K  
                Rollforward (Details)                                            
129: R109        Goodwill and Other Intangible Assets - Narratives   HTML     53K  
                (Details)                                                        
130: R110        Goodwill and Other Intangible Assets - Schedule of  HTML     96K  
                Intangible Assets (Details)                                      
131: R111        Goodwill and Other Intangible Assets - Future       HTML     60K  
                Amortization (Details)                                           
132: R112        Accrued Liabilities Accrued Liabilities (Details)   HTML     68K  
133: R113        Long-term Debt (Details)                            HTML     78K  
134: R114        Long-term Debt - Senior Secured Credit Facilities   HTML    174K  
                (Details)                                                        
135: R115        Long-term Debt - Secured and Unsecured Notes        HTML     67K  
                (Details)                                                        
136: R116        Long-term Debt - Aggregate Long-term Debt           HTML     65K  
                Maturities (Details)                                             
137: R117        Other Long-term Liabilities Other Long-term         HTML     59K  
                Liabilities (Details)                                            
138: R118        Financial Instruments - Narratives (Details)        HTML     98K  
139: R119        Financial Instruments - Fair Value (Details)        HTML     62K  
140: R120        Financial Instruments - Effect on Other             HTML     54K  
                Comprehensive Income (Details)                                   
141: R121        Financial Instruments - Cash Flow Hedge Impact on   HTML     54K  
                Statements of Income (Details)                                   
142: R122        Financial Instruments - Net Investment Hedge        HTML     58K  
                Impact on AOCI (Details)                                         
143: R123        Income Taxes - Narratives (Details)                 HTML     62K  
144: R124        Income Taxes - Income (loss) before Income Taxes    HTML     54K  
                and Noncontrolling interest (Details)                            
145: R125        Income Taxes - Provision for Income Tax (Details)   HTML     73K  
146: R126        Income Taxes - Reconciliation of Statutory Tax      HTML     74K  
                Rate (Details)                                                   
147: R127        Income Taxes - Components of Deferred Tax Asset     HTML     89K  
                (Liability) (Details)                                            
148: R128        Income Taxes - Change in Unrecognized Tax Position  HTML     51K  
                (Details)                                                        
149: R129        Income Taxes - Payment for Taxes (Details)          HTML     53K  
150: R130        Benefit Plans - Change in Benefit Obligation and    HTML    137K  
                Plan Assets (Details)                                            
151: R131        Benefit Plans - Recognized on the Balance Sheet     HTML     65K  
                (Details)                                                        
152: R132        Benefit Plans - Accumulated Other Comprehensive     HTML     66K  
                Income (Details)                                                 
153: R133        Benefit Plans - Net Periodic Benefit Cost           HTML     77K  
                (Details)                                                        
154: R134        Benefit Plans - Accumulated Benefit Obligation      HTML     62K  
                (Details)                                                        
155: R135        Benefit Plans - Projected Benefit Obligation        HTML     59K  
                (Details)                                                        
156: R136        Benefit Plans - Weighted Average Assumptions for    HTML     56K  
                Pension Obligation (Details)                                     
157: R137        Benefit Plans - Weighted Average Assumptions for    HTML     60K  
                Net Periodic Cost (Details)                                      
158: R138        Benefit Plans - Plan Assets (Details)               HTML     99K  
159: R139        Benefit Plans - Benefit Plan, Future Payments       HTML     66K  
                (Details)                                                        
160: R140        Benefit Plans - Defined Contribution Plan           HTML     46K  
                (Details)                                                        
161: R141        Stock-Based Compensation - Narratives (Details)     HTML    108K  
162: R142        Stock-Based Compensation - Stock Option Activity    HTML     92K  
                (Details)                                                        
163: R143        Stock-Based Compensation - Stock Option             HTML     59K  
                Assumptions and Methodology (Details)                            
164: R144        Stock-Based Compensation - Restricted Stock Awards  HTML     85K  
                and Units (Details)                                              
165: R145        Earnings per Share - Reconciliation from Basic to   HTML     54K  
                Diluted Weighted Average Shares Outstanding                      
                (Details)                                                        
166: R146        Earnings per Share - Reconciliation of Net Income   HTML     81K  
                (Details)                                                        
167: R147        Earnings per Share - Anti-dilutive Shares           HTML     57K  
                (Details)                                                        
168: R148        Commitments and Contingent Liabilities -            HTML     54K  
                Narratives (Details)                                             
169: R149        Related Party Transactions (Details)                HTML     63K  
170: R150        Quarterly Financial Summary (Unaudited) (Details)   HTML    152K  
171: R151        Supplemental Cash Flow Information (Details)        HTML     56K  
172: R152        Supplemental Cash Flow Information - Cash and       HTML     56K  
                Restricted Cash Reconciliation (Details)                         
173: R153        Schedule I - Condensed Statements of Income         HTML     86K  
                (Details)                                                        
174: R154        Schedule I - Condensed Balance Sheet (Details)      HTML     99K  
175: R155        Schedule I - Condensed Balance Sheet Shares Data    HTML     69K  
                (Details)                                                        
176: R156        Schedule I - Condensed Statement of Cash Flow       HTML    101K  
                (Details)                                                        
179: XML         IDEA XML File -- Filing Summary                      XML    332K  
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‘EX-10.8’   —   Material Contract


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



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  Document  

Exhibit 10.8
ECOVYST INC.
2017 Omnibus Incentive Plan, as Amended and Restated

Restricted Stock Award Agreement

This Restricted Stock Award Agreement (this “Agreement”) is made by and between Ecovyst Inc., a Delaware corporation (the “Company”), and [•] (the “Participant”), effective as of [•] (the “Date of Grant”).

RECITALS

WHEREAS, the Company has adopted the Ecovyst Inc. 2017 Omnibus Incentive Plan, as Amended and Restated (as the same may be amended and/or amended and restated from time to time, the “Plan”), which Plan is incorporated herein by reference and made a part of this Agreement, and capitalized terms not otherwise defined in this Agreement will have the meanings ascribed to those terms in the Plan; and

WHEREAS, the Committee has authorized and approved the grant of an Award to the Participant of restricted Common Stock (“Restricted Stock”), subject to the terms and conditions set forth in the Plan and this Agreement.
NOW THEREFORE, in consideration of the premises and the mutual covenants set forth in this Agreement, the parties agree as follows:

1.    Grant of Restricted Stock Award. The Company has granted to the Participant, effective as of the Date of Grant, [•] shares of Restricted Stock, on the terms and conditions set forth in the Plan and this Agreement, subject to adjustment as set forth in the Plan.
2.    Vesting of Restricted Stock. Subject to the terms and conditions set forth in the Plan and this Agreement, and except as otherwise provided in Section 3, the shares of Restricted Stock will vest [ ], subject to the Participant’s continued Service through the applicable vesting date.
3.    Forfeiture. Any unvested shares of Restricted Stock will be forfeited immediately, automatically and without consideration upon a termination of the Participant’s Service for any reason. Without limiting the generality of the foregoing, the shares of Restricted Stock and any vested shares (and any resulting proceeds) will continue to be subject to Section 13 of the Plan.
4.    Issuance of Shares.
(a) Book-Entry Registration of the Shares; Delivery of Shares. The Company may at its election either: (i) after the Date of Grant, issue a certificate representing the shares of Restricted Stock subject to this Agreement and place a legend and stop transfer notice on that certificate, in which case the Company may retain that certificate unless, until and as any shares represented by that certificate have vested and may cancel that certificate if and to the extent that the shares of Restricted Stock are forfeited or otherwise required to be transferred back to the Company; provided that, if the shares of Restricted Stock are to be certificated, the Company may require the Participant to deliver to the Company a duly-executed blank stock power in a form to be provided by the Company; or (ii) not issue any certificate representing the shares of Restricted Stock subject to this Agreement and instead document the Participant’s interest in the shares of Restricted Stock by registering the shares of Restricted Stock with the Company’s transfer agent (or another custodian selected by the Company) in book-entry form in the Participant’s name with the applicable restrictions noted in the book entry system, in which case no certificate representing all or any part of the shares of Restricted Stock will be issued unless, until and as any of those shares have vested, and the Company may cancel those book entry shares if and to the extent that the shares of Restricted Stock are forfeited or otherwise required to be transferred back to the Company. In any case, the Company may provide a reasonable delay in the issuance or delivery of vested shares of Common Stock hereunder to address withholding taxes and other administrative matters. The Participant hereby appoints the Company as his or her attorney-in-fact to take such actions as may be necessary or appropriate to effectuate this Section 4.
(b) Shareholder Rights. The Participant will have the rights of a stockholder with respect to the shares of Restricted Stock, including any voting rights and the right to receive dividends or other distributions with
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respect to shares of Restricted Stock; provided, however, that (x) any regular cash dividends paid with respect to an unvested share of Restricted Stock (the “associated share”) will be withheld by the Company and will be paid to the Participant, without interest, within thirty (30) days after the associated share vests and will be forfeited if and when the associated share is forfeited, and (y) any property (other than cash) distributed with respect to an associated share (including without limitation a distribution of shares by reason of a stock dividend, stock split or otherwise or a distribution of other securities with respect to an associated share) will be subject to the restrictions of this Agreement in the same manner and for so long as the associated share remains subject to those restrictions and will be forfeited if and when the associated share is forfeited or will vest if and when the associated share vests.
(c) Withholding Requirements. [As a condition to the grant and vesting of the Restricted Stock, the Participant will make such arrangements as the Committee may require for the satisfaction of any federal, state, local or foreign withholding tax obligations that may arise in connection with the shares of Restricted Stock. The Participant may elect to satisfy such obligations in cash or, in the Committee’s discretion, by having the Company withhold a number of shares of vested Restricted Stock having a Fair Market Value equal to such obligation. Nothing in this Agreement may be construed as relieving the Participant of his or her obligation to satisfy all taxes required to be withheld in connection with the grant or vesting of the Restricted Stock.]1 [The Participant is responsible for satisfying and paying all taxes arising from or due in connection with the award, vesting or payments under this award of Restricted Stock. The Company will have no liability or obligation related to the foregoing.]2
5.    Adjustment to Restricted Stock. In the event of any change with respect to the outstanding shares of Common Stock contemplated by Section 4.5 of the Plan, the Restricted Stock may be adjusted by the Committee in accordance with Section 4.5 of the Plan.
6.    Miscellaneous Provisions.
(a)    Securities Laws Requirements. No shares of Common Stock will be issued or transferred pursuant to this Agreement unless and until all then applicable requirements imposed by federal and state securities and other laws, rules and regulations and by any regulatory agencies having jurisdiction, and by any exchanges upon which the shares of Common Stock may be listed, have been fully met. As a condition precedent to the issuance of shares of Common Stock pursuant to this Agreement, the Company may require the Participant to take any reasonable action to meet those requirements. The Committee may impose such conditions on any shares of Common Stock issuable pursuant to this Agreement as it may deem advisable, including, without limitation, restrictions under the Securities Act, under the requirements of any exchange upon which shares of the same class are then listed and under any blue sky or other securities laws applicable to those shares of Common Stock.
(b)    Section 83(b) Election. The Participant may file an election pursuant to Section 83(b) of the Code with respect to the Restricted Stock, provided that the Participant has made such arrangements as the Committee may require for the satisfaction of any federal, state, local or foreign withholding tax obligations with respect to the transfer of shares of Restricted Stock in cash, upon the filing of such election. If the Participant makes an election pursuant to Section 83(b) of the Code, the Participant will file, within thirty (30) days following the Date of Grant, a copy of such election with the Company and with the Internal Revenue Service, in accordance with the regulations under Section 83 of the Code. The Participant acknowledges that it is his or her sole responsibility, and not the Company’s, to file a timely election under Section 83(b) of the Code, even if the Participant requests that the Company or its representatives make this filing on his or her behalf. The Participant has been advised to confer promptly with a professional tax advisor to consider whether he or she should make the election described herein. The Company has made no recommendation to the Participant with respect to the advisability of making such an election





1 To be used if the Participant is an employee.
2 To be used if the Participant is a non-employee director.

2


(c)    Non-Transferability. The shares of Restricted Stock may not be transferred except as expressly permitted under Section 15.3 of the Plan. Any shares of Common Stock delivered hereunder will be subject to such stop transfer orders and other restrictions as the Committee may deem advisable under the Plan or the rules, regulations and other requirements of the Securities and Exchange Commission, any stock exchange upon which such shares are listed, any applicable federal or state laws and any agreement with, or policy of, the Company or the Committee to which the Participant is a party or subject, and the Committee may cause orders or designations to be placed upon any certificate(s) or other document(s) delivered to the Participant, or on the books and records of the Company’s transfer agent, to make appropriate reference to such restrictions.
(d)    No Right to Continued Service. Nothing in this Agreement or the Plan shall confer upon the Participant any right to continue in Service for any period of specific duration or interfere with or otherwise restrict in any way the rights of the Company (or any Subsidiary employing or retaining the Participant) or of the Participant, which rights are hereby expressly reserved by each, to terminate his or her Service at any time and for any reason, with or without Cause.
(e)    Notification. Any notification required by the terms of this Agreement will be given by the Participant (i) in a writing addressed to the Company at its principal executive office and will be deemed effective upon actual receipt when delivered by personal delivery or by registered or certified mail, with postage and fees prepaid, or (ii) by electronic transmission to the Company’s e-mail address of the Company’s General Counsel and will be deemed effective upon actual receipt. Any notification required by the terms of this Agreement will be given by the Company (x) in a writing addressed to the address that the Participant most recently provided to the Company and will be deemed effective upon personal delivery or within three (3) days of deposit with the United States Postal Service, by registered or certified mail, with postage and fees prepaid, or (y) by facsimile or electronic transmission to the Participant’s primary work fax number or e-mail address (as applicable) and will be deemed effective upon confirmation of receipt by the sender of such transmission.
(f)    Entire Agreement. This Agreement and the Plan constitute the entire agreement between the parties hereto with regard to the subject matter of this Agreement. This Agreement and the Plan supersede any other agreements, representations or understandings (whether oral or written and whether express or implied) that relate to the subject matter of this Agreement.
(g)    Waiver. No waiver of any breach or condition of this Agreement will be deemed to be a waiver of any other or subsequent breach or condition whether of like or different nature.
(h)    Successors and Assigns. The provisions of this Agreement will inure to the benefit of, and be binding upon, the Company and its successors and assigns and upon the Participant, the Participant’s executor, personal representative(s), distributees, administrator, permitted transferees, permitted assignees, beneficiaries and legatee(s), as applicable, whether or not any such person will have become a party to this Agreement and have agreed in writing to be joined herein and be bound by the terms hereof.
(i)    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, then the remaining provisions will nevertheless be binding and enforceable.
(j)    Choice of Law; Jurisdiction. This Agreement and all claims, causes of action or proceedings (whether in contract, in tort, at law or otherwise) that may be based upon, arise out of or relate to this Agreement will be governed by the laws of the State of Delaware, excluding any conflicts or choice-of-law rule or principle that might otherwise refer construction or interpretation of this Agreement to the substantive law of another jurisdiction. The Participant agrees that he or she will bring all claims, causes of action and proceedings (whether in contract, in tort, at law or otherwise) that may be based upon, arise out of or be related to the Plan and this Agreement exclusively in the federal and state courts located within the geographic boundaries of the United States District Court for the Eastern District of Pennsylvania (the “Chosen Court”), and hereby (i) irrevocably submits to the exclusive jurisdiction of the Chosen Court, (ii) waives any objection to laying venue in any such proceeding in the Chosen Court, (iii) waives any objection that the Chosen Court is an inconvenient forum or does not have jurisdiction over any party and (iv) agrees that service of process upon such party in any such claim or cause of action will be effective if notice is given in accordance with this Agreement.
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(k)    Signature in Counterparts. This Agreement may be signed in counterparts, manually or electronically, each of which will be an original, with the same effect as if the signatures to each were upon the same instrument.
(l)    Acceptance. The Participant hereby acknowledges receipt of a copy of the Plan and this Agreement. The Participant has read and understands the terms and provisions of the Plan and this Agreement, and accepts the Restricted Stock subject to all of the terms and conditions of the Plan and this Agreement. In the event of a conflict between any term or provision contained in this Agreement and a term or provision of the Plan, the applicable term or provision of the Plan will govern and prevail.


[Signature page follows.]
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IN WITNESS WHEREOF, the Company and the Participant have executed this Restricted Stock Award Agreement as of the Date of Grant.
ParticipantEcovyst Inc.
By:
Name:Name:
Title:
5

Dates Referenced Herein   and   Documents Incorporated by Reference

This ‘10-K’ Filing    Date    Other Filings
Filed on:3/1/224
For Period end:12/31/2111-K,  SD
 List all Filings 


8 Subsequent Filings that Reference this Filing

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

 2/29/24  Ecovyst Inc.                      10-K       12/31/23  167:20M
 3/06/23  Ecovyst Inc.                      424B7                  2:389K                                   Donnelley … Solutions/FA
 3/02/23  Ecovyst Inc.                      424B7                  1:359K                                   Donnelley … Solutions/FA
 2/28/23  Ecovyst Inc.                      10-K       12/31/22  185:28M
11/15/22  Ecovyst Inc.                      424B7                  2:576K                                   Donnelley … Solutions/FA
11/14/22  Ecovyst Inc.                      424B7                  1:542K                                   Donnelley … Solutions/FA
 8/04/22  Ecovyst Inc.                      424B7                  2:444K                                   Donnelley … Solutions/FA
 8/03/22  Ecovyst Inc.                      424B7                  1:408K                                   Donnelley … Solutions/FA


23 Previous Filings that this Filing References

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

 1/14/22  Ecovyst Inc.                      S-8         1/14/22    5:168K                                   Donnelley … Solutions/FA
11/09/21  Ecovyst Inc.                      10-Q        9/30/21  106:12M
 8/09/21  Ecovyst Inc.                      10-Q        6/30/21  104:12M
 8/03/21  Ecovyst Inc.                      8-K:1,2,5,8 8/01/21   12:265K                                   Donnelley … Solutions/FA
 7/15/21  Ecovyst Inc.                      8-K:1,9     7/12/21   11:212K                                   Donnelley … Solutions/FA
 6/30/21  Ecovyst Inc.                      8-K:1,9     6/24/21   11:149K                                   Donnelley … Solutions/FA
 6/11/21  Ecovyst Inc.                      8-K:1,2,9   6/09/21   12:5.8M                                   Donnelley … Solutions/FA
 3/23/21  Ecovyst Inc.                      8-K:5,7,9   3/22/21   12:203K                                   Donnelley … Solutions/FA
 3/04/21  Ecovyst Inc.                      8-K:1,7,8,9 2/28/21   12:978K                                   Donnelley … Solutions/FA
12/18/20  Ecovyst Inc.                      8-K:2,5,8,912/14/20   14:519K
10/16/20  Ecovyst Inc.                      8-K:1,8,9  10/15/20   12:911K                                   Donnelley … Solutions/FA
 2/27/20  Ecovyst Inc.                      10-K       12/31/19  182:30M
12/03/19  Ecovyst Inc.                      8-K:5,9    11/26/19   12:224K                                   Donnelley … Solutions/FA
11/21/19  Ecovyst Inc.                      8-K:5,9    11/15/19   11:198K                                   Donnelley … Solutions/FA
 5/10/19  Ecovyst Inc.                      10-Q        3/31/19  101:9.5M
12/26/18  Ecovyst Inc.                      8-K:5,9    12/21/18    2:46K                                    Donnelley … Solutions/FA
 8/09/18  Ecovyst Inc.                      8-K:5,7,9   8/06/18    4:161K                                   Donnelley … Solutions/FA
12/13/17  Ecovyst Inc.                      8-K:1,2,9  12/11/17    2:929K                                   Donnelley … Solutions/FA
11/14/17  Ecovyst Inc.                      10-Q        9/30/17   92:9.3M
 9/19/17  Ecovyst Inc.                      S-1/A¶                15:9M                                     Donnelley … Solutions/FA
 9/01/17  Ecovyst Inc.                      S-1/A¶                15:9M                                     Donnelley … Solutions/FA
 8/14/17  Ecovyst Inc.                      S-1/A¶                12:9.2M                                   Donnelley … Solutions/FA
 6/09/17  Ecovyst Inc.                      S-1                   16:14M                                    Donnelley … Solutions/FA
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