Amendment to Employee Restricted Stock Unit and Performance Unit Award Agreements – The Mosaic Company
The Mosaic Company amended its outstanding Employee Restricted Stock Unit Award Agreements and Performance Unit Award Agreements, covering awards granted between April 11, 2012 and February 19, 2014. The amendment states that if an employee becomes disabled or retires at age 60 or older (or takes early retirement with committee approval), their awards will fully vest. The shares will be issued at the originally specified time. This change was approved by the company's Compensation Committee on March 17, 2014.
Exhibit 10.iii.c.
Description of Amendment
to
Certain Outstanding Employee Restricted Stock Unit Award Agreements
and
Performance Unit Award Agreements
On March 17, 2014, the Compensation Committee (the “Committee”) of the Board of Directors of The Mosaic Company (the “Company”) amended each outstanding Employee Restricted Stock Unit Award Agreement and Performance Unit Award Agreement for awards approved on or after April 11, 2012 and prior to February 19, 2014 to provide that, in the event of the participant’s disability or retirement at age 60 or older (or early retirement with the Committee’s consent), such award will fully vest. Shares of Common Stock, par value $0.01 per share, of the Company in payment of such vested awards will continue to be issued at the time specified in such awards.
