Mr. Stephen D. Newlin 355 Calamus Circle Medina, MN 55340 Dear Steve:Polyone Corp • February 29th, 2008 • Plastic materials, synth resins & nonvulcan elastomers
By letter dated January 30, 2006, PolyOne Corporation (“PolyOne”) confirmed its verbal offer of employment to you, with a start date (the “Effective Date”) on or before February 21, 2006. By your acceptance dated February 6, 2006, you accepted the terms and conditions of employment set forth in that letter agreement. PolyOne desires to amend and restate that letter agreement to comply with the requirements of Section 409A of the Internal Revenue Code of 1986, as amended (the “Code”) and any proposed, temporary or final regulations, or any guidance promulgated with respect to Section 409A by the U.S. Department of Treasury or the Internal Revenue Service (“Section 409A”).
