Change in Control Severance and Restrictive Covenant Agreement with Executive Officers

Summary

This agreement involves several executive officers of the company, including the President, CFO, and various Vice Presidents. It provides severance benefits to certain executives if their employment ends due to a change in control of the company. Additionally, it imposes restrictive covenants, such as non-compete or non-solicitation obligations, on the listed executives to protect the company's interests. The agreement outlines the conditions under which severance is paid and the scope of the restrictions on post-employment activities.

EX-10.19 7 c01762exv10w19.htm CHANGE IN CONTROL SEVERANCE AGREEMENT & RESTRICTIVE COVENANT AGREEMENT exv10w19  

Exhibit 10.19
Participants:
A. Change in Control Severance Agreement
  1.   Rodney L. Underdown, Vice President, Chief Financial Officer and Secretary
 
  2.   Keith E. Clark, Vice President and General Manager, General Trade
 
  3.   John J. Fallis, Vice President and General Manager, Highway Deicing
 
  4.   Ronald Bryan, Vice President and General Manager, Sulfate of Potash
B. Restrictive Covenant Agreement
  1.   Michael E. Ducey, President and Chief Executive Officer
 
  2.   Rodney L. Underdown, Vice President, Chief Financial Officer and Secretary
 
  3.   Keith E. Clark, Vice President and General Manager, General Trade
 
  4.   John J. Fallis, Vice President and General Manager, Highway Deicing
 
  5.   Ronald Bryan, Vice President and General Manager, Sulfate of Potash