Common use of Benefit Equalization Plan Clause in Contracts

Benefit Equalization Plan. The Executive's participation in the Crompton Corporation Benefit Equalization Plan (the "BEP") shall terminate as of December 31, 2004. As soon as reasonably practicable following the Separation Date, the Company will cause the BEP to pay to the Executive in cash the balance in the Executive's BEP Account after withholding such amount as is required to satisfy tax withholding requirements. A statement of the Executive's benefits under this Plan shall be provided to the Executive separately.

Benefit Equalization Plan. The Executive's participation in the Crompton Corporation Benefit Equalization Plan (the "BEP") shall terminate as of December 31, 2004on the Separation Date. As soon as reasonably practicable following the Separation Date, the Company will cause the BEP to pay to the Executive in cash the balance in the Executive's BEP Account after withholding such amount as is required to satisfy tax withholding requirements. A statement of the Executive's benefits under this Plan shall be provided to the Executive separately.