Common use of Executive Services Clause in Contracts

Executive Services. Crown will provide Constar access to [***] for managing the European PET business for a transition period of three months following the date of the Transition Services Agreement which term may be extended by Constar for an additional three months upon 30 days notice. During the first three months, [***] will devote 50% of his time to managing Constar’s European operations and Constar shall be responsible for 50% of [***] Confidential treatment requested his total annual compensation for such period, provided, however, that Crown and Constar may mutually agree to increase his time percentage and Constar’s responsibility for his proportionate compensation will increase accordingly for the duration of this period. During the extension period, Constar will have the option to use [***] for a minimum of 50% of his time, in which case Constar would be responsible for 50% of his total compensation for such period; however, Crown reserves the right to increase [***] devoted time up to 100%, in which case Constar would be responsible for the proportionate percentage of his total compensation. Crown will inform Constar of the allocation percentage 30 days prior to any increase above 50%. Total monthly compensation for [***] will be GBP 19,353 and is comprised of salary, bonus, social charges and company car costs. In addition, Crown may provide access to additional European managers as mutually agreed by the parties.

Executive Services. Crown will provide Constar access to [***] for managing the European PET business for a transition period of three months following the date of the Transition Services Agreement which term may be extended by Constar for an additional three months upon 30 days notice. During the first three months, [***] will devote 50% [***] of his time to managing Constar’s European operations and Constar shall be responsible for 50% of [***] Confidential treatment requested of his total annual compensation for such period, provided, however, that Crown and Constar may mutually agree to increase his time percentage and Constar’s responsibility for his proportionate compensation will increase accordingly for the duration of this period. During the extension period, Constar will have the option to use [***] for a minimum of 50% [***] of his time, in which case Constar would be responsible for 50% [***] of his total compensation for such period; however, Crown reserves the right to increase [***] devoted time up to 100%[***], in which case Constar would be responsible for the proportionate percentage of his total compensation. Crown will inform Constar of the allocation percentage 30 days prior to any increase above 50%[***]. Total monthly compensation for [***] will be GBP 19,353 [***] and is comprised of salary, bonus, social charges and company car costs. In addition, Crown may provide access to additional European managers as mutually agreed by the parties.

Executive Services. Crown will provide Constar access to [***] for managing the European PET business for a transition period of three months following the date of the Transition Services Agreement which term may be extended by Constar for an additional three months upon 30 days notice. During the first three months, [***] will devote 50% [***] of his time to managing Constar’s European operations and Constar shall be responsible for 50% [***] of [***] Confidential treatment requested his total annual compensation for such period, provided, however, that Crown and Constar may mutually agree to increase his time percentage and Constar’s responsibility for his proportionate compensation will increase accordingly for the duration of this period. During the extension period, Constar will have the option to use [***] for a minimum of 50% [***] of his time, in which case Constar would be responsible for 50% [***] of his total compensation for such period; however, Crown reserves the right to increase [***] devoted time up to 100%[***], in which case Constar would be responsible for the proportionate percentage of his total compensation. Crown will inform Constar of the allocation percentage 30 days prior to any increase above 50%[***]. Total monthly compensation for [***] will be GBP 19,353 [***] and is comprised of salary, bonus, social charges and company car costs. In addition, Crown may provide access to additional European managers as mutually agreed by the parties.