Termination Agreement between Intrepid Potash, Inc. and John Mansanti (Change-in-Control Severance Agreement)
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Summary
Intrepid Potash, Inc. and John Mansanti have mutually agreed to terminate their Change-in-Control Severance Agreement, originally signed on February 24, 2010. This termination is effective as of March 8, 2017, and is related to Mr. Mansanti's transition to a reduced, 60% work schedule. Both parties have formally acknowledged and accepted the termination in writing.
EX-10.1 2 ipi-03312017exhibit101.htm EXHIBIT 10.1 Exhibit
Exhibit 10.1
March 8, 2017
John Mansanti
Senior Vice President of Strategic Initiatives and Technical Services
Intrepid Potash, Inc.
707 17th Street, Suite 4200
Denver, CO 80202
Re: | Termination of Change-in-Control Severance Agreement |
John:
In connection with your transition to a 60% work schedule, you and Intrepid Potash, Inc. (“Intrepid”) have agreed to terminate the Change-in-Control Severance Agreement, dated February 24, 2010, between you and Intrepid (the “Agreement”).
In accordance with Section 2 of the Agreement, you and Intrepid hereby agree to terminate the Agreement effective as of March 8, 2017.
Sincerely,
Intrepid Potash, Inc.
By: /s/ James N. Whyte
Name: James N. Whyte
Title: Executive Vice President
Agreed to:
John G. Mansanti
By: /s/ John G. Mansanti
Date: March 22, 2017
