Letter Agreement dated as of February 18, 2022, by and between Curragh Queensland Mining Pty Ltd and Douglas Thompson
EX-10.10 148 ex1010.htm EX-10.10 ex1010
Curragh Queensland Mining Pty Ltd
ABN 55 095 450 418
Private Mail Bag
Blackwater QLD 4717
T +61 7 4986 9211 | F +61 7 4986 9327
www.coronadoglobal.com
16 February 2022
PRIVATE AND CONFIDENTIAL
Douglas Thompson,
c/o: ***@***
Dear Douglas,
I wish to confirm the following remuneration elements not included within your Contract of Employment which
has been in effect since September 1, 2021, when you commenced in the role of Chief Operating Officer,
Australia with Curragh Queensland Mining Pty Ltd (CQMPL)
(“the Company”)
.
In addition to the remuneration specified within the Contract of Employment, you received a sign-on bonus
totalling $300,000 gross which was paid to you in cash in September 2021. Since your commencement, we have
agreed specific improvement targets relating to Curragh’s performance and, should those targets be met within
the timeframe agreed, you will receive an additional bonus payment of $500,000 gross. This bonus is over and
above any other incentive program.
Although not forming part of your Contract of Employment, I can confirm that you will be invited to participate in
both the short-term and long-term incentive programs. The STI opportunity will be 100% of your TEC, and the
LTI will also equal 100% of your TEC.
Should you have any queries concerning this letter, please do not hesitate to contact Emma Pollard on 07 3031
7626.
Yours sincerely
/s/ Garold Spindler
Garold Spindler
Chief Executive Officer
I have read, understand, agree to and accept the terms and conditions as outlined in this Letter. I confirm that
the payment amounts which I receive under the Contract of Employment, satisfies any obligations on the
Company to pay to me any entitlements to which I may otherwise be entitled under an industrial instrument or
law.
Signed: /s/ Douglas Thompson Date: 18/02/2022
Douglas Thompson