Aleris Corporation Transaction Bonus Amendment Letter Agreement

Contract Categories: Human Resources › Bonus & Incentive Agreements
Summary

Aleris Corporation is notifying the recipient that the time period for qualifying for a Transaction Bonus, as outlined in a previous Letter Agreement, has been extended. The bonus remains contingent on the closing of a Qualified Sale. No further action is required from the recipient, and all other terms of the original agreement remain unchanged.

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EX-10.1 2 ex101-formoftransactionbon.htm EXHIBIT 10.1 Exhibit
Exhibit 10.1


Form of Transaction Bonus Amendment

Aleris Corporation
25825 Science Park Drive, Suite 400
Cleveland, Ohio 44122-7392


PERSONAL & CONFIDENTIAL
_____________, 2017
RE:    Transaction Bonus - Extension of Time Period
Dear ___________,
As you know, the Company provided you with an opportunity to receive a Transaction Bonus conditioned on the occurrence of the closing of a Qualified Sale in a Letter Agreement, dated _____________(the “Letter Agreement”).
This letter hereby amends and extends the Qualified Sale’s time period to ________________. No additional action is required by you.
Capitalized terms used herein without definition have the meaning assigned to such term in the Letter Agreement. All other terms and conditions in the Letter Agreement remain in effect.
Thank you in advance for your continued contribution to the success of the Company and the sale process.
Sincerely,
ALERIS CORPORATION

______________________________
By: Sean M. Stack
Title: Chairman & CEO