SENIOR EXECUTIVE POLYONE ANNUAL INCENTIVE PLAN
1. PURPOSE. The Senior Executive PolyOne Annual Incentive Plan (the "PolyOne AIP") has been established
to provide opportunities to certain key executive personnel to receive incentive compensation as a reward for
high levels of performance above the ordinary performance standards compensated by base salary, and for their
contributions to strong performance of the Company. The PolyOne AIP is designed to provide a competitive
level of performance-based incentive compensation when all relevant performance objectives are achieved.
2. ADMINISTRATION. The PolyOne AIP will be administered by the Compensation Committee of the Board
of Directors (the "Committee"). The Committee is authorized to interpret the PolyOne AIP and to establish and
maintain guidelines necessary or desirable for the administration of the PolyOne AIP. Decisions and
determinations of the Committee shall be binding on all persons claiming rights under the PolyOne AIP. The
Committee may delegate to the Chief Executive Officer or other officers, subject to such terms as the Committee
shall determine, authority to perform such functions, including administrative functions, except that the Committee
shall retain exclusive authority to determine matters relating to awards to the Chief Executive Officer and other
key executive personnel that are intended to qualify as performance-based compensation under Section 162(m)
of the Internal Revenue Code (the "Code").
(a) Participation in the PolyOne AIP will be limited to those key executive personnel selected by the Committee
who have the potential to influence significantly and positively the performance of the Company.
(b) To be eligible for participation in any particular year during the term of the PolyOne AIP (a "Plan Year"), a
key executive must have assumed the duties of an incentive-eligible position and have been selected for
participation in the PolyOne AIP within 90 days of the commencement of the