EX-10.3 3 tse-20150630ex1031fa095.htm EX-10.3 tse_EX_10-3

Exhibit 10.3


Picture 1


Trinseo LLC

1000 Chesterbrook Blvd.

Suite 300

Berwyn, PA 19312




May 11, 2015


Mr. Martin Pugh





Dear Mr. Pugh:


RE:  Definition of Retirement for Purposes of Equity Awards under 2014 Omnibus Incentive Plan


This letter confirms that the following definition of "Retirement" i s applicable to the Stock Options granted to you on February 27, 2015, in addition to the definition set forth in the Non-Statutory Stock Option Agreement:


"Retirement" also means a termination of Employment on or after March 1, 2017 if the Optionee's current employment agreement expires without renewal on March 1, 2017.


This letter confirms that the following definition of "Retirement" is applicable to the Restricted Stock Units granted to you on February 27, 2015, in addition to the definition set forth in the Restricted Stock Unit Agreement:


"Retirement" also means a termination of Employment on or after March  1, 2017 if the Grantee's current employment agreement expires without renewal on March 1, 2017.



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Trinseo S.A.






/s/ Christopher D. Pappas


Name: Christopher D. Pappas


Title: President and Chief Executive Officer