Addendum No. 1 to Employment Agreement and Deferred Phantom Unit Grant Notice – Scott A. Caldwell and Allied Nevada Gold Corp.
This document is an addendum to the employment agreement between Allied Nevada Gold Corp. and Scott A. Caldwell. It serves as a notice of grant for Deferred Phantom Units (DPUs) under the company's Deferred Phantom Unit Plan. The notice details the number of DPUs granted, the opening and closing balances, and their estimated value. The addendum formalizes the grant and references the terms of the existing DPU plan, which has been provided to the recipient.
Exhibit 10.7
ALLIED NEVADA GOLD CORP.
(the “Corporation”)
DEFERRED PHANTOM UNITS
NOTICE OF GRANT
| To: | ||
| Date: |
This notice is to evidence that you have been granted [ ] Deferred Phantom Units as of the date indicated above.
This notice serves as a DPU Grant Letter under section 3.03 of the Corporation’s Deferred Phantom Unit Plan, a copy of which has been provided to you.
Our records indicate the following balances of DPU’s that have been issued to you pursuant to the Company’s DPU plan:
| # of DPU’s | ||||
| Opening Balance as at [Date] | ||||
| Granted during the current Quarter | ||||
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| Closing Balance as at [Date] | ||||
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| Allied Nevada Gold Corp. – stock price [Date] | $ | |||
| Estimated value at [Date] | $ | |||
| ALLIED NEVADA GOLD CORP. |
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| [Name] |
| [Title] |
