Exhibit 10.8
ALBEMARLE CORPORATION
AMENDED AND RESTATED
1998 INCENTIVE PLAN
Albemarle Corporation
1998 Incentive Plan
TABLE OF CONTENTS
Section
ARTICLE I
DEFINITIONS
1.01.
Administrator
1
1.02.
Affiliate
1
1.03.
Agreement
1
1.04.
Board
1
1.05.
Change in Control
1
1.06.
Code
1
1.07.
Committee
1
1.08.
Common Stock
1
1.09.
Company
1
1.10.
Control Change Date
2
1.11.
Corresponding SAR
2
1.12.
Fair Market Value
2
1.13.
Incentive Award
2
1.14.
Initial Value
2
1.15.
Option
2
1.16.
Participant
2
1.17.
Performance Shares
3
1.18.
Plan
3
1.19.
Restricted Stock
3
1.20.
SAR
3
Albemarle Corporation
1998 Incentive Plan
TABLE OF CONTENTS
Section
Albemarle Corporation
1998 Incentive Plan
TABLE OF CONTENTS
Section
ARTICLE I
DEFINITIONS
1.01.
Administrator
1
1.02.
Affiliate
1
1.03.
Agreement
1
1.04.
Board
1
1.05.
Change in Control
1
1.06.
Code
1
1.07.
Committee
1
1.08.
Common Stock
1
1.09.
Company
1
1.10.
Control Change Date
2
1.11.
Corresponding SAR
2
1.12.
Fair Market Value
2
1.13.
Incentive Award
2
1.14.
Initial Value
2
1.15.
Option
2
1.16.
Participant
2
1.17.
Performance Shares
3
1.18.
Plan
3
1.19.
Restricted Stock
3
1.20.
SAR
3
1.21.
Ten Percent Shareholder
3
ARTICLE II
PURPOSES
ARTICLE III ADMINISTRATION
ARTICLE IV ELIGIBILITY
4.01.
General
6
4.02.
Grants
6
4.03.
Limitation
6
ARTICLE V
STOCK SUBJEC