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