Modification to Mosaic Company Management Incentive Plan Safety Measures (2016)
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Summary
The Mosaic Company has updated its Management Incentive Plan for executive officers in 2016. The Board of Directors changed the weighting of safety incentive measures: the OSHA recordable injury frequency rate now counts for 2%, and the effectiveness of the company's Environmental, Health and Safety management system counts for 3%. Previously, both measures were weighted equally. This modification affects how executive performance incentives are calculated for the year.
EX-10.III.C.I 2 exhibit10iiici_2016630.htm EXHIBIT 10.III.C.I Exhibit
Exhibit 10.iii.c.i
DESCRIPTION OF MODIFICATION TO MOSAIC MANAGEMENT INCENTIVE PROGRAM
On March 3, 2016, the Board of Directors of The Mosaic Company (the “Company”) authorized a change to the weighting of the safety incentive measures for executive officers for 2016 under the Company’s Management Incentive Plan. The OSHA recordable injury frequency rate for employees and contractors now has a weighting of 2%, and the effectiveness of Mosaic's Environmental, Health and Safety management system, measured against specified target goals, now has a weighting of 3%. Previously, the two safety measures were weighted equally.
