Form of RSU Award Grant Notice
EX-10.1 2 cmp-20210104x8kxex101.htm EX-10.1 Document
|COMPASS MINERALS INTERNATIONAL, INC.|
2020 INCENTIVE AWARD PLAN
RESTRICTED STOCK UNIT AWARD GRANT NOTICE
Compass Minerals International, Inc., a Delaware corporation (the “Company”), hereby grants to the participant listed below (the “Participant”) the restricted stock units (the “RSUs”) described in this Restricted Stock Unit Grant Notice (this “Grant Notice”), subject to the Compass Minerals International, Inc. 2020 Incentive Award Plan (as amended from time to time the “Plan”) and the Rules, Policies and Procedures for Equity Awards Granted to Employees, effective as of May 15, 2020 (the “Rules”), each of which is incorporated into this Grant Notice by reference. Capitalized terms not specifically defined in this Grant Notice have the meanings specified in the Plan or the Rules, as applicable. In addition, the RSUs are subject to the Company’s Compensation Clawback Policy, dated February 2016, and any successor policy thereto (the “Clawback Policy”). This Grant Notice will constitute an “Award Agreement” under the terms of the Plan.
|Number of RSUs:||_______________________|
Subject to the Rules [and to the achievement of the Performance Hurdle / Performance Goal set forth below], the RSUs will vest on [to be specified in individual grant notices] ([the] [each, a] “Vesting Date”).
|Dividend Equivalents:||Participant will be entitled to receive Dividend Equivalents in accordance with terms set forth in the Rules.|
Subject to the Rules [and to the achievement of the Performance Hurdle / Performance Goal set forth below], the Participant will receive a number of shares of Common Stock (in either certificate or book entry form) equal to [1/3 of] the number of RSUs subject to this Grant Notice within 60 days following [the Vesting Date] [the applicable Vesting Date] [(but in no event prior to the date the Compensation Committee of the Company’s Board of Directors (the “Compensation Committee”) determines the extent to which the Performance Hurdle / Performance Goal has been satisfied)]; provided, however, that if the Participant’s service with the Company and its Subsidiaries ends prior to [the] [any] Vesting Date under circumstances that entitle the Participant to payment under the Rules, then the time of payment and the number of shares that the Participant will receive will be determined in accordance with the Rules. [For the avoidance of doubt, the RSUs will be automatically forfeited for no consideration if the Performance Hurdle / Performance Goal is not achieved.]
|[Performance Hurdle / Performance Goal:]|
[The Company must achieve $_________ or more of EBITDA, as determined by the Compensation Committee of the Company’s Board of Directors, for 20__.]
By Participant’s signature below, Participant agrees to be bound by the terms of this Grant Notice, the Plan, the Clawback Policy and the Rules. Participant has reviewed the Plan, this Grant Notice, the Clawback Policy and the Rules in their entirety, has had an opportunity to obtain the advice of counsel prior to executing this Grant Notice and fully understands all provisions of the Plan, this Grant Notice, the Clawback Policy and the Rules. If there is any conflict between the terms and conditions of this Grant Notice and the Rules, the Rules will control. Participant hereby agrees to accept as binding, conclusive and final all decisions or interpretations of the Compensation Committee of the Company’s Board of Directors upon any questions arising under this Grant Notice, the Plan, the Clawback Policy and the Rules.
|COMPASS MINERALS INTERNATIONAL, INC.||PARTICIPANT|