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Restricted Unit Award Grant Agreement

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Exhibit 10.29(a)


RESTRICTED UNIT AWARD GRANT AGREEMENT


THIS RESTRICTED UNIT AWARD GRANT AGREEMENT (this " Agreement" ), made as of the 17 th day of March, 2005 between KRATON Polymers LLC (the " Company" ) and Dave Bradley (the " Participant" ).


WHEREAS, pursuant to Section 4.02 of the Second Amended and Restated Limited Liability Company Operating Agreement of TJ Chemical Holdings LLC, each of the Voting Members of TJ Chemical Holdings LLC (" TJ Chemical" ) has approved the grant of restricted shares on membership units of TJ Chemical (the " Restricted Unit Award" ) with a current value of $100,000 to KRATON Management LLC (" Management LLC" ), which in turn will grant the same number of Membership Units in Management LLC to the Participant;


NOW, THEREFORE, in consideration of the premises and the mutual covenants hereinafter set forth, the parties hereto hereby agree as follows:


1. Grant of Restricted Units . Pursuant to, and subject to, the terms and conditions set forth herein, the Company hereby grants to the Participant the Restricted Unit Award of 100,000 restricted units of Management LLC (" Restricted Units" ) with a current value of $100,000 based on the buy-in price of membership unit(s) of TJ Chemical by the initial investors in connection with the transaction pursuant to which the Company became a wholly-owned subsidiary of TJ Chemical.


2. Grant Date . The Grant Date of the Restricted Unit Award hereby granted is March 17, 2005.


3. Vesting Date . The Restricted Unit Award shall vest as follows: Twenty percent of the Restricted Units shall vest on each of the first five anniversaries of February 1, 2005, provided that the Participant remains employed with the Company on each such anniversary. Except as provided in the next succeeding sentence, upon termination of employment for any reason all unvested Restricted Units shall immediately and automatically be forfeited. In the event of a Change in Control (as defined in the TJ Chemical 2004 Option Plan), if the Participant' s employment is terminated without Cause or for Good Reason (as those terms are defined in the Employment Agreement between the Participant and the Company dated April 12, 2004 (the " Employment Agreement" )) during the two-year period immediately following the date of the Change in Control, all unvested Restricted Units shall become immediately vested.

4. Limitations on Transfer of Membership Units; Permissible Assignments; Termination of Employment.


4.1 Limitations on Transfer. The Participant acknowledges that upon becoming a member of Management LLC, the Participant will be subject to all the terms and conditions provided in the Limited Liability Company Operating Agreement of KRATON Management LLC (" Management LLC Operating Agreement" ). Notwithstanding anything herein or in the


Management LLC Operating Agreement to the contrary, the Participant shall not sell or transfer any Membership Unit acquired pursuant to the distribution of this Restricted Unit Award, except (i) to the Participant' s beneficiaries or estate upon the Participant' s death, (ii) upon consent of the Company pursuant to Section 4.2, or (iii) pursuant to Article IX of the Management LLC Operating Agreement.


4.2 Permissible Assignments. Notwithstanding the foregoing, the Participant may request authorization from the Company to assign his Restricted Unit Award granted herein to a trust or custodianship, the beneficiaries of which may include only the Participant, the Participant' s spouse or the Particip
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