CYTEC INDUSTRIES INC/DE/
FORM OF PERFORMANCE CASH AWARD LETTER
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<TYPE>EX-10.2(D)(IX)
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<FILENAME>dex102dix.htm
<DESCRIPTION>FORM OF PERFORMANCE CASH AWARD LETTER
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 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">Exhibit 10.2(d)(ix) </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px" ALIGN="center"><FONT
FACE="Times New Roman" SIZE="2">PERFORMANCE CASH AWARD UNDER </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">THE CYTEC INDUSTRIES INC. </FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">1993 STOCK AWARD AND INCENTIVE PLAN </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; margin-left:56%" ALIGN="center"><FONT FACE="Times New Roman"
SIZE="2">January&nbsp;28, 2009 </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2">Mr(s). *********** </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2">Address
*********** </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2">**************** </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2">**********
&nbsp;&nbsp;&nbsp;&nbsp;******* </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2">Performance Cash Award: $***,*** at target </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px"><FONT
FACE="Times New Roman" SIZE="2">Performance Period: January&nbsp;1, 2011 to December&nbsp;31, 2011 </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2">Dear Employee: </FONT></P> <P
STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">As a key employee of Cytec Industries Inc. (the &#147;Company&#148;), or of a subsidiary or affiliate of the Company, you have been granted by the
Compensation and Management Development Committee (the "Committee") of the Board of Directors for the one-year performance period indicated above a performance cash award, the base amount of which is equal to the amount set forth above ("Performance
Cash&#148;). This award is subject to the terms and conditions hereof and of the Company&#146;s 1993 Stock Award and Incentive Plan (the "Plan"). Performance Cash is awarded pursuant to Section&nbsp;6(j) of the Plan. Performance Cash, to the extent
it becomes payable, will be paid as soon as practicable after determination that the award is payable. This award is not subject to Section&nbsp;6A of the plan. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT
FACE="Times New Roman" SIZE="2">Certain restrictions with respect to this award include, but are not limited to, the following: </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">(1)
Subject to Paragraphs (3)&nbsp;and (4)&nbsp;below, and subject to the attainment of performance goals as hereinafter provided, this award of Performance Cash shall vest effective as of January&nbsp;1, 2012; <U>provided</U> that such vesting shall be
subject to the further requirement that the Committee certify that the performance goals have been met. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">(2) Performance goals, and the
related payout matrix, for this award have been set by the Committee and will be advised to you in writing. The performance goals are based on 2011 adjusted EPS and 2011 ROIC. Half of this Performance Cash award will vest in part, in full or in
greater than the full amount if the performance goal for adjusted EPS is partly, fully, or more than fully achieved. The other half of this Performance Cash award will vest in part, in full or in greater than the full amount if the performance goal
for ROIC is partly, fully or more than fully achieved. The maximum amount payable under this award is twice the base amount specified at the head of this Agreement. The threshold amount payable if the minimum performance goal for adjusted EPS or
ROIC is met is 25% of the base amount specified at the head of this Agreement for each performance goal. There is no minimum amount payable. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman"
SIZE="2">(3) The Performance Cash may not be sold, assigned, transferred, pledged, hypothecated or otherwise disposed of and any attempt to do so shall be void. </FONT></P>

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 <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2">Performance Cash Award </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman"
SIZE="2">January&nbsp;28, 2009 </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">(4) Performance Cash shall not bear any interest. </FONT></P> <P
STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">(5) If your employment with the Company or a subsidiary terminates on or prior to the end of the performance period, all unvested Performance Cash shall
be forfeited, except as provided in paragraphs (6)&nbsp;and (7), below, or except as the Committee shall otherwise determine. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">(6) If your
employment with the Company or a subsidiary or affiliate terminates by reason of your (i)&nbsp;death, (ii)&nbsp;disability as defined in the Company&#146;s Long-Term Disability Plan, (iii)&nbsp;retirement on or after your 60th birthday, or
(iv)&nbsp;under other circumstances determined by the Committee to be not contrary to the best interest of the Company, then, if such termination occurs in 2011, your Performance Cash award shall not be forfeited by reason of such termination of
employment; and if your employment so terminates in 2010, two-thirds of said award shall not be so forfeited; and if your employment so terminates in 2009, one-third of said award shall not be so forfeited. Nothing contained in this paragraph shall
preclude the Company (with the approval of the Committee) and you from agreeing in writing as to the portions of your awards which are not forfeited by reason of the termination of your employment. </FONT></P> <P
STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">(7) As provided in the Plan, and in the Committee&#146;s &#147;Target Document,&#148; upon the occurrence of a &#147;change in control,&#148; the maximum
amount of all unvested (and not previously forfeited) Performance Cash payable hereunder (i.e., 200% of the base amount specified at the head of this Agreement to the extent not previously forfeited) shall immediately vest. Upon such occurrence, the
vested Performance Cash shall be paid to you promptly. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">(8) Nothing in this award shall confer on you any right to continue in the employ
of the Company or any of its subsidiaries or affiliates or interfere in any way with the right of the Company or any subsidiary or affiliate to terminate your employment at any time. </FONT></P> <P
STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">(9) You agree to pay the Company promptly, on demand, any withholding taxes due in respect of the Awards made hereunder. The Company may deduct such
withholding taxes from any amounts owing to you by the Company or by any of its subsidiaries or affiliates. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">Once Performance Cash vests as
herein provided, it shall no longer be deemed to be Performance Cash, and your rights thereto shall not be subject to any restrictions under this Agreement or the Plan. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT
FACE="Times New Roman" SIZE="2">In the event of any conflict between the terms of this Agreement and the provisions of the Plan, the provisions of the Plan shall govern. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;
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 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">2 </FONT></P>


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 <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2">Performance Cash Award </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman"
SIZE="2">January&nbsp;28, 2009 </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">If you accept the terms and conditions set forth in this Agreement, please execute the enclosed copy of
this letter where indicated and return it as soon as possible. </FONT></P> <P STYLE="font-size:12px;margin-top:0px;margin-bottom:0px">&nbsp;</P><DIV ALIGN="right">
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<TD VALIGN="top" COLSPAN="3"><FONT FACE="Times New Roman" SIZE="2">Very truly yours,</FONT></TD></TR>
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<TD VALIGN="top" COLSPAN="3"><FONT FACE="Times New Roman" SIZE="2">CYTEC INDUSTRIES INC.</FONT></TD></TR>
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<TD VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">BY:</FONT></TD>
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<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT FACE="Times New Roman" SIZE="2">/s/ M. Regina Charles</FONT></TD></TR>
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<TD VALIGN="bottom"> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2">M. Regina Charles</FONT></P> <P STYLE="margin-top:0px;margin-bottom:1px"><FONT FACE="Times New Roman" SIZE="2">Secretary, Compensation and
Management Development Committee</FONT></P></TD></TR>
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<TD VALIGN="top"> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2">Enc.</FONT></P> <P STYLE="margin-top:0px;margin-bottom:1px"><FONT FACE="Times New Roman" SIZE="2">ACCEPTED:</FONT></P></TD></TR>
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<TD VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">Employee Name:</FONT></TD></TR>
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<TD VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">Social Security No.</FONT></TD></TR>
</TABLE> <P STYLE="margin-top:12px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2">Date: </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2">Perf Cash
Award E 1/28/09 </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">3 </FONT></P>

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