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8-K</font></div>
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Report</font></div>
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    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Pursuant
to Section 13 or 15(d) of the Securities Exchange Act of 1934</font></div>
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    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Date of
Report (Date of earliest event reported)<font style="DISPLAY: inline; FONT-WEIGHT: bold">:</font><font style="DISPLAY: inline; FONT-WEIGHT: bold; TEXT-DECORATION: underline">&#160;&#160;July
21, 2010</font></font></div>
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CORPORATION</font></font></div>
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name of registrant as specified in its charter)</font></div>
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      incorporation)</font></div>
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      Number)</font></div>
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      Employer</font></div>
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      No.)</font></div>
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    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; TEXT-DECORATION: underline">1601 West LBJ Freeway,
Dallas, Texas 75234-6034</font></font></div>
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of Principal Executive Offices) (Zip Code)</font></div>
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    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Registrant's
telephone number, including area code:<font style="DISPLAY: inline; FONT-WEIGHT: bold; TEXT-DECORATION: underline"> <font style="FONT-WEIGHT: bold">(972) 443-4000</font></font></font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
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Applicable</font></font></div>
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name or former address, if changed since last report):</font></div>
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    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Check the
appropriate box below if the Form 8-K filing is intended to simultaneously
satisfy the filing obligation of the registrant under any of the following
provisions (see General Instruction A.2. below):</font></div>
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Written communications pursuant to Rule 425 under the Securities Act (17 CFR
230.425)</font></div>
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Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR
240.14a-12)</font></div>
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Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act
(17 CFR 240.14d-2(b))</font></div>
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Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act
(17 CFR 240.13e-4(c))</font></div>
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<tr valign="top">
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              <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Item
      5.02</font></div>
            </td>
            <td>
              <div align="justify"><font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Departure
      of Directors or Certain Officers; Election of Directors; Appointment of
      Certain Officers; Compensatory Arrangements of Certain
      Officers.</font></div>
            </td>
          </tr></table>
    </div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-STYLE: italic; FONT-FAMILY: Times New Roman">Executive
Severance Plan</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">On July
21, 2010, Celanese Corporation (the &#8220;Company&#8221;) announced that the compensation
committee of the board of directors (the &#8220;Compensation Committee&#8221;) had adopted
an Executive Severance Benefits Plan (the &#8220;Severance Plan&#8221;).&#160;&#160;The
Severance Plan is effective immediately and applies to employees that are salary
levels 1, 2, or 3, excluding the Chief Executive Officer, which includes all of
the Company&#8217;s executive officers.&#160;&#160;Previously, the Company negotiated
severance benefits for involuntarily terminated executives, where applicable, on
a case-by-case basis.</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">The
Severance Plan provides, upon the involuntary termination not for cause of an
executive, for the payment of (i) one year&#8217;s base salary, (ii) one year&#8217;s annual
performance bonus award (based upon target Company performance and a 1.0
individual modifier), and (iii) a pro rata portion of the annual performance
bonus award for the year in which the termination occurs (based upon actual
Company performance and an 1.0 individual modifier).&#160;&#160;In addition, the
Severance Plan provides that the vesting of long-term incentive grants of
restricted stock units, stock options and incentive cash upon termination not
for cause will be governed by the terms of the award agreements for such
grants.&#160;&#160;The Severance Plan also provides for the payment of COBRA
premiums and executive outplacement services for a period of 1 year from the
date of termination.&#160;&#160;As a condition to the receipt of any benefits
under the Severance Plan, an executive must agree to standard release,
non-compete, non-solicitation, and confidentiality provisions.</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">The
foregoing summary of the Severance Plan is qualified in its entirety by
reference to the Severance Plan, a copy of which is attached to this Current
Report as Exhibit&#160;10.1 and is incorporated herein by
reference.</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-STYLE: italic; FONT-FAMILY: Times New Roman">&#160;</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-STYLE: italic; FONT-FAMILY: Times New Roman">Annual
Base Salary Increases</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">The
Compensation Committee increased the annual base salary of the following
executive officers, effective August 2, 2010:</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center">
      <table bgcolor="white" cellpadding="0" cellspacing="0" width="92%" style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr>
            <td width="24%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman"><font style="TEXT-DECORATION: underline">Name</font></font></td>
            <td width="42%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman"><font style="TEXT-DECORATION: underline">Title</font></font></td>
            <td width="34%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman"><font style="TEXT-DECORATION: underline">New Base Salary</font></font></td>
          </tr><tr>
            <td width="24%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman">Steven M.
      Sterin</font></td>
            <td width="42%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman">Senior Vice
      President and Chief Financial Officer</font></td>
            <td width="34%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman">$494,000</font></td>
          </tr><tr>
            <td width="24%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman">Gjon N. Nivica,
      Jr.</font></td>
            <td width="42%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman">Senior Vice
      President, General Counsel</font></td>
            <td width="34%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman">$451,500</font></td>
          </tr><tr>
            <td width="24%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;</font></td>
            <td width="42%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman">and Corporate
      Secretary</font></td>
            <td width="34%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;</font></td>
          </tr></table>
    </div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">
    </div>
    <div>&#160;</div>
    <div align="center">
      <table bgcolor="white" cellpadding="0" cellspacing="0" width="100%" style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr>
            <td width="7%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;<font style="DISPLAY: inline; FONT-WEIGHT: bold">Item&#160;9.01&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font></font></td>
            <td width="93%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;<font style="DISPLAY: inline; FONT-WEIGHT: bold">Financial Statements and
      Exhibits</font></font></td>
          </tr></table>
    </div>
    <div>&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font id="TAB1" style="MARGIN-LEFT: 36pt"></font>(d) Exhibits</font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
      <div align="center">
        <table bgcolor="white" cellpadding="0" cellspacing="0" width="92%" style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
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              <td width="24%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman"><font style="DISPLAY: inline; TEXT-DECORATION: underline">Exhibit
      Number</font></font></td>
              <td width="77%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman"><font style="DISPLAY: inline; TEXT-DECORATION: underline">Description</font></font></td>
            </tr><tr>
              <td width="24%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;</font></td>
              <td width="77%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;</font></td>
            </tr><tr>
              <td width="24%">
                <div><font style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman">10.1</font></div>
              </td>
              <td width="77%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman">Executive Severance
      Benefits Plan, dated&#160;July 21, 2010</font></td>
            </tr></table>
      </div>
      <div>&#160;</div>
      <div>&#160;</div>
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to the requirements of the Securities Exchange Act of 1934, the registrant has
duly caused this report to be signed on its behalf by the undersigned hereunto
duly authorized.</font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
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      </div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center">
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              <td width="52%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman"><font style="DISPLAY: inline; FONT-WEIGHT: bold">CELANESE
      CORPORATION</font></font></td>
            </tr><tr>
              <td width="48%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;</font></td>
              <td width="52%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;</font></td>
            </tr><tr>
              <td width="48%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;</font></td>
              <td width="52%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;</font></td>
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              <td width="48%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;</font></td>
              <td width="52%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman">By:&#160;<font style="DISPLAY: inline; TEXT-DECORATION: underline">&#160;&#160;/s/ James
      R. Peacock
      III</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font></td>
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              <td width="48%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;</font></td>
              <td width="52%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman">Name:&#160; James R.
      Peacock III</font></td>
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              <td width="48%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;</font></td>
              <td width="52%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman">Title:&#160;&#160;&#160;
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              <td width="48%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;</font></td>
              <td width="52%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;and
      Assistant Corporate Secretary</font></td>
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      <div style="DISPLAY: block; MARGIN-LEFT: 216pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font id="TAB2" style="LETTER-SPACING: 9pt">&#160;&#160;&#160;</font><font id="TAB2" style="LETTER-SPACING: 9pt">&#160;&#160;&#160;</font><font id="TAB2" style="LETTER-SPACING: 9pt">&#160;&#160;&#160;</font><font id="TAB2" style="LETTER-SPACING: 9pt">&#160;&#160;&#160;</font><font id="TAB2" style="LETTER-SPACING: 9pt">&#160;&#160;&#160;</font><font id="TAB2" style="LETTER-SPACING: 9pt">&#160;&#160;&#160;</font><font id="TAB2" style="LETTER-SPACING: 9pt">&#160;&#160;&#160;</font><font id="TAB2" style="LETTER-SPACING: 9pt">&#160;&#160;&#160;</font><font id="TAB2" style="LETTER-SPACING: 9pt">&#160;&#160;</font></font></div>
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July 27, 2010</font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><br></div>
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Index</font></div>
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              <td width="24%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;<font style="TEXT-DECORATION: underline">Exhibit Number</font></font></td>
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            </tr><tr>
              <td width="24%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;10.1</font></td>
              <td width="76%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman">Executive Severance
      Benefits Plan, dated July 21, 2010</font></td>
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form8k_severance.htm
UNITED
STATES
SECURITIES
AND EXCHANGE COMMISSION
Washington,
D.C. 20549
FORM
8-K
Current
Report
Pursuant
to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date of
Report (Date of earliest event reported)
:
July
21, 2010
CELANESE
CORPORATION
(Exact
name of registrant as specified in its charter)
D
ELAWARE
(State
      or other jurisdiction
of
      incorporation)
001-32410
(Commission File
Number)
98-0420726
(IRS
      Employer
Identification
      No.)
1601 West LBJ Freeway,
Dallas, Texas 75234-6034
(Address
of Principal Executive Offices) (Zip Code)
Registrant's
telephone number, including area code:
(972) 443-4000
Not
Applicable
(Former
name or former address, if changed since last report):
Check the
appropriate box below if the Form 8-K filing is intended to simultaneously
satisfy the filing obligation of the registrant under any of the following
provisions (see General Instruction A.2. below):
[ ]
Written communications pursuant to Rule 425 under the Securities Act (17 CFR
230.425)
[ ]
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR
240.14a-12)
[ ]
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act
(17 CFR 240.14d-2(b))
[ ]
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act
(17 CFR 240.13e-4(c))
Item
      5.02
Departure
      of Directors or Certain Officers; Election of Directors; Appointment of
      Certain Officers; Compensatory Arrangements of Certain
      Officers.
Executive
Severance Plan
On July
21, 2010, Celanese Corporation (the "Company") announced that the compensation
committee of the board of directors (the "Compensation Committee") had adopted
an Executive Severance Benefits Plan (the "Severance Plan").  The
Severance Plan is effective immediately and applies to employees that are salary
levels 1, 2, or 3, excluding the Chief Executive Officer, which includes all of
the Company's executive officers.  Previously, the Company negotiated
severance benefits for involuntarily terminated executives, where applicable, on
a case-by-case basis.
The
Severance Plan provides, upon the involuntary termination not for cause of an
executive, for the payment of (i) one year's base salary, (ii) one year's annual
performance bonus award (based upon target Company performance and a 1.0
individual modifier), and (iii) a pro rata portion of the annual performance
bonus award for the year in which the termination occurs (based upon actual
Company performance and an 1.0 individual modifier).  In addition, the
Severance Plan provides that the vesting of long-term incentive grants of
restricted stock units, stock options and incentive cash upon termination not
for cause will be governed by the terms of the award agreements for such
grants.  The Severance Plan also provides for the payment of COBRA
premiums and executive outplacement services for a period of 1 year from the
date of termination.  As a condition to the receipt of any benefits
under the Severance Plan, an executive must agree to standard release,
non-compete, non-solicitation, and confidentiality provisions.
The
foregoing summary of the Severance Plan is qualified in its entirety by
reference to the Severance Plan, a copy of which is attached to this Current
Report as Exhibit 10.1 and is incorporated herein by
reference.
Annual
Base Salary Increases
The
Compensation Committee increased the annual base salary of the following
executive officers, effective August 2, 2010:
Name
Title
New Base Salary
Steven M.
      Sterin
Senior Vice
      President and Chief Financial Officer
$494,000
Gjon N. Nivica,
      Jr.
Senior Vice
      President, General Counsel
$451,500
and Corporate
      Secretary
Item 9.01
Financial Statements and
      Exhibits
(d) Exhibits
Exhibit
      Number
Description
10.1
Executive Severance
      Benefits Plan, dated July 21, 2010
SIGNATURES
Pursuant
to the requirements of the Securities Exchange Act of 1934, the registrant has
duly caused this report to be signed on its behalf by the undersigned hereunto
duly authorized.
CELANESE
      CORPORATION
By:
/s/ James
      R. Peacock
      III
Name:  James R.
      Peacock III
Title:   
      Vice President,  Deputy General Counsel
and
      Assistant Corporate Secretary
Date:
July 27, 2010
Exhibit
Index
Exhibit Number
Description
10.1
Executive Severance
      Benefits Plan, dated July 21, 2010