Exhibit 10.1

CEO VERSION

SEVERANCE AGREEMENT
This Agreement ("Agreement") dated as of [DATE] is by and between The Kansas
City Southern Railway Company, a Missouri corporation and [EXECUTIVE NAME]
("Executive").
WHEREAS, The Kansas City Southern Railway Company desires to attract and retain
certain key employee personnel and, accordingly, the Kansas City Southern Board
of Directors (the "Board") has approved The Kansas City Southern Railway Company
entering into a severance agreement with Executive in order to encourage
Executive's continued service to The Kansas City Southern Railway Company and,
where appropriate, its affiliates (the "Company");
WHEREAS, Executive is prepared to commit such services in return for specific
arrangements with respect to severance compensation and other benefits; and
WHEREAS, the Company and Executive desire to enter into this Agreement.
NOW, THEREFORE, the Company and Executive hereby agree as follows:
1.Definitions. For purposes of this Agreement only, the following definitions
shall apply:

"Accrued Current Year Bonus" means (1) with respect to a General Severance, the
bonus amount Executive would have received under the Kansas City Southern Annual
Incentive Plan (or any successor annual, short-term incentive plan) based upon
the actual achieved level of performance for the calendar year in which
Executive was terminated and as if Executive had remained employed through the
end of the performance period, which such amount shall be multiplied by a
fraction the numerator of which is the number of days in the calendar year
Executive was employed (including Executive's date of termination) and the
denominator of which is 365; and (2) with respect to a CIC Severance,
Executive's Target Award for the calendar year in which Executive is terminated,
which such amount shall be multiplied by a fraction the numerator of which is
the number of days in the calendar year Executive was employed (including
Executive's date of termination) and the denominator of which is 365.
"Base Salary at Termination" means the greater of Executive's (i) annual base
salary immediately preceding Executive's termination from employment or (ii)
annual base salary immediately preceding a Change in Control.
"Cause" means the occurrence of any of the following events:
(i)Executive's willful and continued failure to substantially perform
Executive's duties to the Company (other than any such failure resulting from
Executive's incapacity due to disability), provided that the Company has
delivered a written demand of substantial performance to Executive specifically
identifying the manner in which the Company believes that Executive has not
substantially performed the duties and that Executive has not cured such failure
within 10 days after such demand or such longer period of time as may be
provided by the Board in writing;
(ii)gross negligence in the performance of Executive's duties;

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(iii)willful conduct by Executive which is demonstrably and materially injurious
to the Company (monetarily or otherwise);
(iv)material violation of any Company policy, including any code of conduct or
standard of ethics of the Company applicable to Executive;
(v)the commission of any fraud, embezzlement, misappropriation or breach of
fiduciary duty by Executive relating to the performance of Executive's services
to the Company;
(vi)Executive's conviction of, or pleading of guilty or nolo contendere to, a
felony or any crime (including a misdemeanor) involving moral turpitude,
dishonesty or theft;
(vii)Executive's willful violation of any material provision of any
confidentiality, nondisclosure, assignment of invention, noncompetition or
similar agreement entered into by Executive in connection with his employment by
the Company; or
(viii)any other act or omission that would constitute just cause at common law.

"Change in Control" means the occurrence of any of the following events:
(i)a majority of the members of the Board is replaced during any twelve (12)
month period with directors whose appointment or election was not endorsed by a
majority of the members of the Board in office immediately prior to the date of
such appointment or election; or
(ii)any "person" or "group" (meaning for purposes of this definition, person as
such term is used in Sections 13(d) and 14(d) and group as such term is used in
Section 13(d)(3) or 14(d)(2) of the Securities Exchange Act of 1934, as amended,
to the extent consistent with and not in violation of Code Section 409A) has
acquired during a twelve (12) month period ending on the date of the most recent
acquisition by such person or group, ownership of stock of the Company
possessing thirty percent (30%) or more of the total voting power of the
outstanding stock of Kansas City Southern (the Company's parent corporation); or
(iii)any person or group has acquired ownership of stock of Kansas City Southern
that constitutes more than fifty percent (50%) of the total fair market value or
total voting power of the outstanding stock of Kansas City Southern; or
(iv)any person or group has acquired during a twelve (12) month period ending on
the date of the most recent acquisition by such person or group, assets of
Kansas City Southern that have a total gross fair market value of more than
forty percent (40%) of the total gross fair market value of all of the assets of
Kansas City Southern immediately before such acquisition.
 
"Code" means the Internal Revenue Code of 1986, as amended.
"Confidential Information" includes, but is not limited to, information in the
possession of, prepared by, obtained by, compiled by, or that is used by the
Company or its customers and (i) is proprietary to, about, or created by the
Company or its customers; (ii) gives the Company or any of its customers some
competitive business advantage, the opportunity of obtaining such advantage, or
disclosure of which might be detrimental to the interest of the Company or its
customers; and (iii) is not typically disclosed by the

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Company or its customers, or known by persons who are not employed by the
Company or its customers. Without in any way limiting the foregoing and by way
of example, Confidential Information shall include information pertaining to
business operations of the Company or its customers, such as financial and
operational information and data, operational plans and strategies, business and
marketing strategies, pricing information, plans for various products and
services, and acquisition and divestiture planning.
"Good Reason" means the occurrence of any of the following events without
Executive's prior written consent:
(i)a material reduction in Executive's total direct compensation (which includes
Executive's annual base salary, annual incentives and long-term incentives) from
the Company (other than a general reduction that affects all similarly situated
executives in substantially the same proportion due to a material deterioration
in the Company's financial condition);
(ii)a relocation of Executive's principal place of employment by more than fifty
(50) miles, if such change increases Executive's commute from Executive's
principal residence by more than fifty (50) miles;
(iii)a material, adverse change in Executive's authority, duties or
responsibilities (other than temporarily while Executive is physically or
mentally incapacitated or as required by applicable law), or the assignment of
additional duties that are materially inconsistent with the title or office held
by Executive except as had been agreed to by Executive in writing;
(iv)a material adverse change in the reporting structure applicable to
Executive;
(v)any failure by the Company to obtain an agreement from any successor or
assign of the Company to perform this Agreement in the same manner and to the
same extent that the Company would be required to perform if no succession had
taken place, except where such assumption occurs by operation of law; and
(vi)any other action or inaction that constitutes a material breach by the
Company of this Agreement.
Executive cannot terminate employment for Good Reason unless Executive has
provided written notice to the Company of the existence of the circumstances
providing grounds for termination for Good Reason within ninety (90) days of the
initial existence of such grounds and the Company has had at least thirty (30)
days from the date on which such notice is provided to cure such circumstances.
If Executive does not terminate employment for Good Reason within 60 days of
providing Company written notice of the circumstances providing grounds for
termination for Good Reasons, then Executive will be deemed to have waived the
right to terminate for Good Reason with respect to such grounds.
"Severance Bonus" means Executive's Target Award for the calendar year in which
Executive is terminated.
"Target Award" means the amount eligible to be paid under an award granted
pursuant to the Kansas City Southern Annual Incentive Plan, or any successor
plan, if the target performance goal(s) is achieved in the applicable
performance period.
"Total Accrued Compensation" means Executive's (i) base salary that was earned
but unpaid through the date of termination, (ii) earned but unpaid vacation or
other paid time-off in accordance with the

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Company's policies and applicable laws, and (iii) any bonus amounts earned in
the year prior to the date of termination but not yet paid at the time of
termination.
"Total Severance Cash Compensation" means Executive's (i) Base Salary at
Termination, plus (ii) the Severance Bonus.
2.Accrued Benefits.
In addition to the Severance Benefits described in Paragraph 3 below, and
regardless of whether Executive executes the Release or Arbitration Agreement
described in Paragraph 5, upon Executive's termination from employment, the
Company shall pay to Executive Executive's Total Accrued Compensation plus a
reimbursement for documented, accrued and unreimbursed business expenses
(provided such expenses are permitted to be incurred by Executive and are
reimbursable by Company under Company's policies). The Total Accrued
Compensation and any approved reimbursement(s) shall be paid within ten (10)
calendar days after Executive's termination date.
3.Severance Benefits. Subject to Executive's compliance with the terms of this
Agreement, in the event of the termination of Executive's employment for reasons
described below, the Company shall pay and provide Executive with the severance
benefits described in this Paragraph 3 (the "Severance Benefits").
(a)Cash Severance Benefits.
(i)If, at any time, except in the event of a CIC Severance described in
Paragraph 3(a)(ii), Executive's employment is terminated by the Company without
Cause or by Executive for Good Reason (a "General Severance"), Executive shall
be entitled to an amount equal to two (2) times Executive's Total Severance Cash
Compensation, which shall be paid in substantially equal installments in
accordance with the Company's regular payroll practices over a period of twelve
(12) months commencing on the payment commencement date of the severance
benefits described below in Paragraph 3(e) below.
(ii)If Executive's employment is terminated within twenty-four (24) months
immediately following a Change in Control and such termination is by the Company
without Cause or by Executive for Good Reason (a "CIC Severance"), Executive
shall be entitled to an amount equal to three (3) times Executive's Total
Severance Cash Compensation, which shall be paid in substantially equal
installments in accordance with the Company's regular payroll practices over a
period of twelve (12) months commencing on the payment commencement date of the
severance benefits described below in Paragraph 3(e) below. For the sake of
clarity, any termination by the Company without Cause or by Executive for Good
Reason occurring after twenty-four (24) months of a Change in Control shall be a
General Severance, not a CIC Severance.
(b)Welfare Severance Benefits.
In the event of a General Severance or CIC Severance, if Executive timely and
properly elects health plan continuation coverage under COBRA for Company's
medical, dental, and/or vision plans, the Company shall reimburse Executive for
the difference between the monthly COBRA premium paid by Executive for Executive
and Executive's dependents and the monthly premium amount paid by similarly
situated active executives. Executive shall be eligible to receive such
reimbursement until the earliest of: (i) in the event of a General Severance,
the twelve (12) month anniversary of Executive's termination date, or in the
event of a CIC Severance, the eighteen (18) month anniversary of Executive's
termination date; (ii) the date Executive is no longer eligible to receive COBRA
continuation coverage (including where Executive or a dependent fails to meet
the eligibility requirements under the applicable plan for such coverage); (iii)
the date on which Executive becomes eligible to receive substantially similar
coverage from another employer

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or other source; (iv) the date Executive fails to timely elect to continue such
coverage for Executive and/or Executive's dependents pursuant to COBRA; and (v)
the date Executive fails to timely pay the cost of such coverage.
Notwithstanding the foregoing:
(i)if the Company's payments under this Paragraph 3(b) would violate the
nondiscrimination rules applicable to self-insured group health plans under
Section 105(h) of the Code or result in the imposition of penalties under the
Affordable Care Act, the parties agree to reform this Paragraph 3(b) in a manner
as is necessary to comply with the Code and the Affordable Care Act, including,
but not limited to, an arrangement for a cash equivalent or the inclusion of
such reimbursement in Executive's taxable income; and
(ii)to the extent such coverage would result in tax penalties to Executive
pursuant to Section 409A of the Code, in lieu of such coverage and for such time
as stated in Paragraph 3(b) (12 months for a General Severance and 18 months for
a CIC Severance, subject to limitations in the event Executive is eligible for
coverage from another employer or source), the Company shall pay Executive an
amount in cash equal to the difference between the cost paid by Executive to
purchase such coverage on the open market and the monthly premium amount paid by
similarly situated active executives of the Company.
(c)Accrued Current Year Bonus. In the event of a General Severance Executive
shall be entitled to Executive's Accrued Current Year Bonus, which Accrued
Current Year Bonus shall be paid at the same time annual bonuses are paid to
similarly situated active executives of the Company (approximately March of the
calendar year following the calendar year in which the bonus is earned). In the
event of a CIC Severance Executive shall be entitled to Executive's Accrued
Current Year Bonus, which Accrued Current Year Bonus shall be paid, in a lump
sum payments at the same time that Executive's other Severance Benefits commence
to be paid in accordance with Paragraph 3(e).
(d)Outplacement Benefits. In the event of a General Severance or CIC Severance,
Company will pay reasonable costs of an outplacement service used by Executive
(up to $25,000 per full or partial calendar year) for a period not to exceed one
year following termination of employment.
(e)Timing of Payment. Subject to the timely execution of the Arbitration
Agreement and the timely execution and non-revocation of the Release, both
described in Paragraph 5, and subject to the other terms and conditions of this
Agreement, including Paragraph 7, the Severance Benefits described in this
Paragraph 3 shall commence to be paid and provided to Executive on the first
regular Company pay date that occurs after ten (10) calendar days after
Executive executes and returns the Arbitration Agreement and the Release
described in Paragraph 5. Reimbursement of welfare severance benefits described
in Paragraph 3(b) shall be paid to Executive in arrears on the first Company pay
date of the month immediately following the month in which Executive timely
remits the premium payment.
(f)The treatment of any outstanding equity awards in conjunction with a General
Severance or CIC Severance shall be determined in accordance with the terms of
the applicable equity plan and the applicable award agreement.
4.Taxes.
(a)All Severance Benefits to be provided to Executive under this Agreement will
be subject to any required withholding of federal, state and local income and
employment taxes.

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(b)Notwithstanding anything in this Agreement to the contrary, if any of the
Severance Benefits provided for in this Agreement together with any other
payments and benefits which Executive has the right to receive from the Company
in connection with a change in control (the "Total Payments") would constitute a
"parachute payment" as defined in Section 280G(b)(2) of the Code, Executive
shall receive the Total Payments unless (i) the after-tax amount that would be
retained by Executive (after taking into account all federal, state and local
income taxes payable by Executive and the amount of any excise taxes payable by
Executive under Section 4999 of the Code (the "Excise Taxes")) if Executive were
to receive the Total Payments has a lesser aggregate value than (ii) the
after-tax amount that would be retained by Executive (after taking into account
all federal, state and local income taxes payable by Executive) if Executive
were to receive the Total Payments reduced to the largest amount as would result
in no portion of the Total Payments being subject to the Excise Taxes (the
"Reduced Payments"), in which case Executive shall be entitled only to the
Reduced Payments. If Executive is to receive the Reduced Payments, the Company
shall reduce the parachute amount by reducing or eliminating the Severance
Benefits under this Agreement in the order in which they first appear in
Paragraph 3.
(c)The parties to this Agreement intend that the Severance Benefits that may be
provided under this Agreement shall be exempt from, or comply with, the
requirements of Section 409A of the Code. Any Severance Benefits described in
this Agreement that are due within the "short-term deferral period" as defined
by Section 409A of the Code, or that qualify as "involuntary separation pay"
within the meaning of the Section 409A regulations, shall not be treated as
nonqualified deferred compensation unless applicable law requires otherwise. If
any amount payable under this Agreement upon a termination of employment is
determined by the Company to constitute nonqualified deferred compensation for
purposes of Section 409 of the Code, such amount shall not be paid unless and
until Executive's termination of employment is also a "separation from service"
within the meaning of Section 409A of the Code. To the extent that Executive is
a "specified employee" for purposes of Section 409A of the Code, any payment
that constitutes nonqualified deferred compensation under Section 409A of the
Code will not commence until the first business day after the date that is six
(6) months following Executive's separation from service (the "Delayed Payment
Date"). On the Delayed Payment Date the Company will pay to Executive a lump sum
equal to all amounts that would have been paid during the period of the delay if
the delay were not required by Section 409A of the Code and any remaining
payments shall be paid as scheduled. For purposes of this Agreement, each
payment in a series of payments shall be regarded as a "separate payment" within
the meaning of Section 409A of the Code. To the extent that any payment under
this Agreement is subject to Code Section 409A and an applicable payment event
is a Change in Control, or an allowable payment "toggle" right is contingent
upon a Change in Control having occurred, in addition to satisfying the above
definition of Change in Control, such Change in Control must also constitute a
change in control event under Code Section 409A.
5.Arbitration Agreement and Release. Executive's entitlement to receive the
Severance Benefits contemplated by this Agreement hereof shall be contingent
upon Executive executing and not revoking (a) the Company's Arbitration
Agreement (if such agreement has not already been executed prior to this
Agreement) (the "Arbitration Agreement"); and (b) a release and covenant not to
sue in the form substantially similar to the Confidential Full and General
Release affixed to this Agreement (the "Release") within forty-five (45) days of
the date Executive receives such Release. If such forty-five (45) day period
begins in one calendar year and ends in another calendar year, any payments that
are nonqualified deferred compensation for purposes of Section 409A of the Code
shall commence in the later calendar year with the first such installment
including any amounts that would have been paid during the period of delay if
the delay were not required by Section 409A. By execution of this Agreement,
Executive hereby acknowledges and agrees that such payments are and shall be
good and sufficient consideration for such Release.
6.No Duty to Mitigate. In no event shall Executive be obligated to seek other
employment or take any other action by way of mitigation of the amounts payable
to Executive under any of the provisions of this

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Agreement and, except as contemplated by Paragraph 3(b) hereof, any Severance
Benefits payable to Executive hereunder shall not be subject to reduction for
any compensation received from other employment.

7.Other Conditions to Payment. In addition to the requirements set forth in
Paragraph 5 of this Agreement, Executive's entitlement to receive the Severance
Benefits contemplated by this Agreement hereof shall be contingent upon
Executive's compliance with the following terms:

(a)Confidentiality and Non-Disclosure.
(i)Executive understands and agrees that Executive has been given Confidential
Information during Executive's employment with the Company relating to the
business of the Company. Executive shall maintain in strictest confidence and
not use in any way (including without limitation in any future business
relationship of Executive), publish, disclose or authorize anyone else to use in
any way, publish or disclose, any Confidential Information. Executive further
agrees not to remove or retain any calculations, letters, documents, lists,
papers, or copies thereof, which embody Confidential Information and to return,
prior to Executive's termination of employment for any reason, any such
information in Executive's possession. If Executive discovers, or comes into
possession of, any Confidential Information after Executive's termination,
Executive shall promptly return it to the Company. Executive acknowledges that
the provisions of this Paragraph are consistent with the Company's policies and
procedures to which Executive, as an employee of the Company, has been bound.
During any such time Executive is receiving benefits pursuant to this Agreement,
Executive agrees to provide in writing to the Company's Department of Human
Resources the name and address of Executive's intended future employer or any
subsequent employer.
(ii)Notwithstanding any obligation under this Paragraph 7(a) or any other
provision in this Agreement to the contrary, nothing in this Agreement prohibits
Executive from (i) reporting possible violations of federal or state law or
regulation to any government agency or entity, including the EEOC, DOL,
Department of Justice, Securities and Exchange Commission, Department of
Defense, Congress, and any agency Inspector General ("Governmental Agencies"),
(ii) communicating with any Government Agencies or otherwise participating in
any investigation or proceedings that may be conducted by any Governmental
Agency, including providing documents or other information, without notice to
the Company, or (iii) making other disclosures that are protected under the
whistleblower provisions of applicable law. Executive shall not be held
criminally or civilly liable under any federal or state trade secret law for the
disclosure of a trade secret that (x) is made in confidence to a federal, state
or local government official, either directly or indirectly, or to any attorney,
and is made solely for the purpose of reporting or investigating a suspected
violation of law or (y) is made in a complaint or other document that is filed
under seal in a lawsuit or other proceeding. An individual who files a lawsuit
for retaliation by an employer for reporting a suspected violation of law may
disclose the trade secret to the individual’s attorney and use the trade secret
information in the court proceeding if the individual files any document
containing the trade secret under seal and does not disclose the trade secret,
except pursuant to court order.
(b)Non-Competition. Executive agrees that for a period of time beginning upon
Executive's termination of employment from the Company and continuing for a
period of one (1) year, Executive shall not:
(i)directly or indirectly, either individually or as a principal, partner,
agent, employee, employer, consultant, stockholder, member, joint venturer, or
investor, or as a director, manager or officer of any corporation or
association, or in any other manner or capacity whatsoever, engage in, assist or
have

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any active interest in a business, located anywhere in the geographic area then
served by the Company, that competes with or engages in the business conducted
by the Company;
(ii)directly or indirectly, either individually or as a principal, partner,
agent, employee, employer, consultant, stockholder, member, joint venturer, or
investor, or as a director, manager or officer of any corporation or
association, or in any other manner or capacity whatsoever: divert or attempt to
divert (by solicitation or otherwise) from the Company any business with any
customer, prospective customer or account of the Company with which Executive
had any contact or association, which was under Executive's supervision, or the
identity of which was learned by Executive as a result of Executive's employment
with the Company; accept the business of any customer, prospective customer or
account of the Company with whom Executive had any contact or association, which
was under Executive's supervision, or the identity of which was learned by
Executive as a result of Executive's employment with the Company, whether or not
solicited by Executive; or induce, solicit, or cause any employee of the Company
to leave the employ of the Company.
(c)Representation. After Executive's date of termination, Executive shall not in
any way represent that Executive is connected with or a representative of the
Company. Accordingly, Executive specifically agrees to promptly update any and
all social media accounts that Executive accesses, uses, or maintains to reflect
the fact that Executive is no longer employed by the Company. For purposes of
this Paragraph, social media accounts include but are not limited to Facebook,
LinkedIn, Twitter, Instagram, and Four Square.
(d)Non-Disparagement. Executive agrees not to in any way or to any extent
slander, libel, disparage, or otherwise impair the reputation, goodwill, or
commercial interest of the Company. Executive represents and warrants that no
such disparagement has occurred to date. Executive agrees that Executive will
not, without first obtaining written approval from the Company: (i) make any
public statement in the nature of a press release, media interview, social media
posting, or internet posting with respect to any aspect of Executive's
employment with the Company or (ii) make any statement, written or oral, with
respect to past or projected future financial performance of the Company.
(e)Return of Property. In addition to the return of any Confidential
Information, described in Paragraph 7(a), Executive agrees that Executive has
returned all tangible and intangible property belonging to the Company. Such
property includes but is not limited to any and all financial records and data;
any written material in Executive's possession including but not limited to
product information, engineering information, customer lists, and the Company
policies and procedures; automobiles; credit cards; keys; equipment; product
and/or customer lists and data; contracts; personnel information; project
development information; written proposals and studies; and proprietary software
purchased or developed by or for the benefit and use of the Company. Executive
further represents and warrants that Executive has not retained any copies,
electronic or otherwise, of such property.
(f)Remedies and Enforcement.
(i)Executive acknowledges that any breach of the requirements contained in
Paragraph 7 of this Agreement would cause irreparable injury to the Company and
that its remedy at law would be inadequate and, accordingly, Executive consents
to and agrees that the Company may seek expedited relief to enforce the
provisions of this Paragraph 7, without the necessity of proof of actual damage.
This right to expedited relief shall not prohibit the Company from pursuing any
other remedies available to it including, but not limited to, the recovery of
damages. Executive further agrees that the Company may provide a copy of this
Agreement to any prospective employer of Executive that the Company believes is
a competitor.
(ii)If Executive violates the provisions of this Paragraph 7, Executive:

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(1)shall forfeit all right to future benefits under this Agreement;
(2)shall refund to the Company any severance payments, the value of any
severance benefits and all associated taxes paid by the Company relating
thereto;
(3)shall pay reasonable attorneys' fees and all other costs incurred by the
Company as a result of Executive's breach; and
(4)acknowledges that the Company may pursue any other remedies available to it
as a result of Executive's breach including, but not limited to, the recovery of
damages.
8.Clawback. In addition to the clawback and recovery provisions set forth in
Paragraph 7 (Other Conditions to Payment), severance benefits under this
Agreement are subject to clawback, recoupment, recovery and set-off in
accordance with any written policies adopted by the Board from time to time for
Company officers, whether or not such written policy was adopted for compliance
with and enforcement of the requirements of the Sarbanes-Oxley Act of 2002, the
Dodd-Frank Wall Street Reform and Consumer Protection Act and any other
subsequently-enacted federal, state or local laws regarding clawback,
recoupment, recovery or set-off of compensation and benefits.
9.Cooperation. Executive agrees to be reasonably available to the Company to
respond to requests by the Company for information pertaining to or relating to
the Company, any entity related to the Company, or any of its agents, officers,
directors, or employees. Executive will cooperate fully with the Company in
connection with any and all existing or future depositions, litigation, or
investigations brought by or against the Company, or any entity related to the
Company, or any of its agents, officers, directors, or employees, whether
administrative, civil, criminal in nature, in which and to the extent the
Company deems Executive's cooperation necessary. In the event Executive is
subpoenaed in connection with any litigation or investigation, Executive will
immediately notify the Company. Reasonable actual expenses incurred by the
Executive and pre-approved by the Company arising from these matters will be
reimbursed by the Executive upon sufficient proof. Executive will be compensated
at Executive's last regular hourly base salary with the Company for complying
with the obligations set forth in this Paragraph.
10.Successors and Assigns.
(a)This Agreement is personal to Executive and is not assignable by Executive,
other than by will or the laws of descent and distribution, without the prior
written consent of the Company.
(b)This Agreement shall inure to the benefit of and be binding upon the Company
and its successors and assigns.
(c)The Company will require any successor (whether direct or indirect, by
purchase, merger, consolidation or otherwise) to all or substantially all of the
business and/or assets of the Company to assume expressly and agree to perform
this Agreement in the same manner and to the same extent that the Company would
be required to perform it if no such succession had taken place. As used in this
Agreement, "Company" shall mean the Company as defined above and any successor
to its business and/or assets that assumes and agrees to perform this Agreement.
11.No Right to Continued Employment. Nothing contained in this Agreement shall
be considered a contract of employment or construed as giving Executive any
right to be retained in the employ of the Company. Nothing in this Agreement
shall otherwise restrict in any way the rights of the Company to terminate
Executive at any time and for any reason, with or without cause.

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12.Full Settlement. If Executive is entitled to and receives the Severance
Benefits provided hereunder, to the extent permitted by law, performance of the
obligations of the Company hereunder will constitute full settlement of all
claims that Executive might otherwise assert against the Company on account of
his termination of employment. This Paragraph 12 is complimentary to any
provisions within the Release, and to the extent this Paragraph 12 is
inconsistent with the Release, the terms of the Release shall govern.
13.Miscellaneous.
(a)Applicable Law. This Agreement shall be governed by and construed in
accordance with the laws of the State of Missouri, without giving effect to the
conflict of laws principles thereof. Any dispute, to the extent not otherwise
governed by the Arbitration Agreement, shall be heard in the St. Louis County
Circuit Court, located in Clayton, Missouri.
(b)Amendment: Waiver. This Agreement may not be modified or amended in any
manner except by a written agreement executed by the parties hereto or their
respective successors and legal representatives. The waiver by either party of
compliance with any provision of this Agreement by the other party shall not
operate or be construed as waiver of any other provision of this Agreement, or
of any subsequent breach by such party or a provision of this Agreement.
(c)Entire Understanding. This Agreement, the Release, and the Arbitration
Agreement constitute the entire understanding and agreement between the parties
hereto with regard to the compensation and benefits payable to Executive in the
circumstances described herein, superseding all prior understandings and
agreements, whether oral or written, including the existing employment agreement
between the Company and Executive, dated [DATE], as amended. This Agreement does
not affect the treatment of any outstanding equity awards in conjunction with a
General Severance or CIC Severance, which such awards shall be determined in
accordance with the terms of the applicable equity plan and the applicable award
agreement. This Agreement, the Release, and the Arbitration Agreement shall be
construed as a whole according to their fair meaning and not strictly for or
against Executive or the Company.
(d)Contest Regarding this Agreement and Fees and Expenses. Any contest by the
Company, Executive or others of the validity or enforceability of, or liability
under, any provision of this Agreement (including any contest by Executive about
the amount of any payment pursuant to this Agreement) shall be subject to
arbitration consistent with the Arbitration Agreement executed by Executive.
(e)Notices. All notices and other communications hereunder shall be in writing
and shall be delivered by hand delivery, by a reputable overnight courier
service, or by registered or certified mail, return receipt requested, postage
prepaid, in each case addressed as follows:
 
If to the Company:
The Kansas City Southern Railway Company
Attn.: General Counsel
427 West 12th Street
Kansas City, MO 64105
 
 
 
 
 
If to Executive:
 
 
at Executive's last known residential address as set forth in the Company's
records,

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or to such other address as either party shall have furnished to the other in
writing in accordance herewith. Any notice or communication shall be deemed to
be delivered upon the date of hand delivery, one day following delivery to an
overnight courier service, or five (5) days following mailing by registered or
certified mail. It shall be Executive's responsibility to notify the Company of
any change in Executive's address.
(f)Unfunded Obligation. The obligation to pay amounts under this Agreement is an
unfunded obligation of the Company, and no such obligation shall create a trust
or be deemed to be secured by any pledge or encumbrance on any property of the
Company.
(g)Headings. The headings of paragraphs herein are included solely for
convenience of reference and shall not control the meaning of interpretations of
any of the provisions of this Agreement.
(h)Severability. The invalidity or unenforceability of any provision of this
Agreement shall not affect the validity or enforceability of any other provision
of this Agreement, which shall remain in full force and effect.
(i)Counterparts. This Agreement may be executed in one or more counterparts, all
of which shall be considered one and the same agreement, and each of which shall
be deemed an original.
THIS CONTRACT CONTAINS A BINDING ARBITRATION PROVISION WHICH MAY BE ENFORCED BY
THE PARTIES.
IN WITNESS WHEREOF, the Company has caused this Agreement to be executed by its
duly authorized officer and Executive has executed this Agreement as of the date
first written above.
FOR THE COMPANY
 
FOR EXECUTIVE
By:
_________________________
 
By:
_________________________
Printed Name:
 
Printed Name:
Title:
 
Title:

--------------------------------------------------------------------------------

CONFIDENTIAL FULL AND GENERAL RELEASE
 
 
 
 
 

This Confidential Full and General Release (this "Release") is Executive's
release of claims against the Released Parties (defined in Paragraph 3 of this
Release), in consideration for Executive's receipt of the severance benefits set
forth in the severance agreement between Executive and The Kansas City Southern
Railway Company (the "Company"), dated [DATE] (the "Severance Agreement").

Executive has 45 days to accept and sign this Release (as well as the Severance
Agreement and, if not already executed, the Arbitration Agreement) and return it
to the address listed for the Company in the Severance Agreement. During this
45-day period, Executive is encouraged to review the Release carefully and to
consult an attorney to determine whether Executive should sign this Release.

If Executive chooses to sign this Release, Executive must do so no sooner than
Executive's Termination Date and no later than 45 days after Executive's receipt
of this Release. This Release will become effective on the 8th calendar day
after Executive signs it. The Release may be revoked within the 7 calendar
day-period following Executive's execution of the Release by submitting a
written revocation to the address listed for the Company in the Severance
Agreement.
 
 
 
 
 

Company and [name] ("Executive") agree as follows:

1.Receipt of Release and Date of Termination: Executive received a copy of this
Release on [date], and Executive's termination date with the Company is
effective [date] (the "Termination Date"). If, after consideration of this
Release, Executive chooses to sign it, Executive must do so no sooner than [date
of termination] and no later than [date of receipt + 45 days].
2.Consideration: In consideration for Executive's execution, non-revocation of,
and compliance with the terms of this Release, including the waiver and release
of claims in Paragraph 3, the Company agrees to provide the severance benefits
set forth in Executive's Severance Agreement (the "Severance Benefits").
Executive understands, acknowledges and agrees the Severance Benefits exceed
what Executive is otherwise entitled to receive upon termination from
employment, and that the Severance Benefits are paid in exchange for executing
this Release.
3.Release: In consideration of the Severance Benefits, and as a material
inducement to the Company to enter into the Severance Agreement and provide such
Severance Benefits, Executive agrees, for Executive, Executive's heirs,
executors, administrators, representatives, successors, and assigns, and anyone
claiming by, through, or for Executive, or anyone making a claim on Executive's
behalf (for purposes of this Paragraph, "Executive"), to irrevocably and
unconditionally waive, release, and forever discharge the Company, and its
respective present, past, and future parents, subsidiaries, and affiliated
corporations, divisions, affiliates, predecessors, principals, partners, joint
venturers, representatives, successors, and assigns, and its past and present
owners, directors, officers, employees, stockholders, attorneys, agents, and
insurers, and all persons acting by, through, under, or in concert with any of
them and all other persons, firms, and corporations whomsoever (collectively
"Released Parties") from any and all claims, demands, causes of actions, fees,
damages, liabilities and expenses (inclusive of attorneys' fees, court costs,
expert witness fees, etc.) of any kind whatsoever, whether known or unknown,
which Executive may now have against the Released Parties and/or have on account
of, arising out of, or in connection with all interactions, transactions or
contracts, express or implied, between Executive and the Released Parties,
including, but not limited

--------------------------------------------------------------------------------

to Executive's employment with the Company and the termination thereof, through
the date of this Release, including but not limited to: (i) any rights and
claims under any state’s human rights act, civil rights laws, or similar law,
any state’s wage payment act or similar law, any wage payment act or similar
law, any law governing any aspect of employment, Title VII of the Civil Rights
Act of 1964 (Title VII), 42 U.S.C. § 1981, the Employment Retirement Income
Security Act, the Consolidated Omnibus Budget Reconciliation Act, the Americans
with Disabilities Act of 1990 (ADA), the Fair Labor Standards Act of 1938, the
Family & Medical Leave Act of 1993, the Age Discrimination in Employment Act of
1967 (ADEA), the Age Discrimination in Employment Act Amendments of 1990
(sometimes known as the “Older Workers Benefit Protection Act”), the Genetic
Information Nondiscrimination Act of 2008 (GINA), the Uniformed Services
Employment and Reemployment Rights Act (USERRA), the Equal Pay Act of 1963
(EPA), the Worker Adjustment Retraining Notification Act of 1988, and any
amendment thereto, the Federal Employer’s Liability Act, and/or any other
Federal, state or local law (statutory, regulatory or otherwise) that may be
legally waived and released; (ii) any claims (including without limitation
Federal Rail Safety Act claims) relating to purported status as a whistleblower;
(iii) any claims arising from labor protective conditions imposed by the
Interstate Commerce Commission or the Surface Transportation Board; (iv) any
common law claims, including breach of contract, wrongful discharge, defamation,
emotional distress, tortious interference with contract, invasion of privacy,
personal injury or sickness, nonphysical injury, or any other harms; and (v)
claims relating to oral or written contract rights, including any rights under
an employment agreement and any Company incentive or benefit plan or program,
including unvested stock options, and ANY RIGHTS UNDER ANY COLLECTIVE BARGAINING
AGREEMENT, INCLUDING ANY SENIORITY RIGHTS, BUMPING RIGHTS AND REINSTATEMENT
RIGHTS, RIGHTS TO FILE OR ASSERT A GRIEVANCE OR OTHER COMPLAINT, RIGHTS TO A
HEARING (whether before any company official, any system, group, regional or
special adjustment board, the National Railroad Adjustment Board, or any other
entity), OR RIGHTS TO ARBITRATION UNDER SUCH AGREEMENT.
THIS MEANS THAT BY SIGNING THIS RELEASE EXECUTIVE WILL HAVE WAIVED ANY RIGHT
EXECUTIVE MAY HAVE TO RECOVER IN A LAWSUIT OR OTHER ACTION AGAINST RELEASED
PARTIES, INCLUDING BUT NOT LIMITED TO THE COMPANY, BASED ON ANY ACTIONS OR
OMISSIONS MADE BY THE RELEASED PARTIES, INCLUDING BUT NOT LIMITED TO CLAIMS
WHICH IN ANY WAY ARISE FROM OR RELATE TO EXECUTIVE'S EMPLOYMENT RELATIONSHIP AND
THE SEPARATION OF EXECUTIVE'S EMPLOYMENT WITH THE COMPANY, UP TO THE DATE OF THE
SIGNING OF THIS RELEASE.

4.No Future Employment:    Executive agrees not to seek employment at any time
in the future with the Company, its parent companies, subsidiaries, corporate
affiliates or successors, and Executive agrees that if Executive inadvertently
applies for employment, Executive shall immediately withdraw Executive's
application upon notification that the entity to which Executive is applying is
either owned by the Company, a parent company, a subsidiary, a corporate
affiliate, or successor of the Company.
5.Participation in Agency Proceedings: Nothing in this Release is intended to,
or shall, limit or impede Executive's right to file or pursue any administrative
charge with, or participate in, any investigation before the Equal Employment
Opportunity Commission ("EEOC"), or any other federal, state, or local
government agency charged with the enforcement of any law, including, but not
limited to, any federal, state, or local civil rights or employment
discrimination laws. Participation in a proceeding before any such agency, or
cooperation with any such agency in its investigation, shall not constitute a
breach of the covenant not to sue or any other clause of this Release. In
addition, nothing in this Release is intended to, or shall, limit or impede
Executive’s right to file a claim for unemployment benefits, and/or any causes
of action which by law Executive may not legally waive. Executive agrees,
however, that if Executive or anyone on Executive’s behalf, brings any action
concerning or related to any cause of action or liability released in this
Release (except for claims arising out of laws enforced

--------------------------------------------------------------------------------

by the Securities and Exchange Commission), Executive waives Executive’s right
to, and will not accept, any payments, monies, damages, recovery, or other
relief, awarded in connection therewith.
6.Covenant Not to Sue: Except as otherwise provided in the Paragraph above,
titled "Participation in Agency Proceedings," Executive agrees and covenants,
not to sue or file any claims against the Released Parties with regard to any
matters arising prior to the execution of this Release. Executive represents and
warrants that no such claim has been filed to date.
7.Successors: This Release binds and inures to the benefit of Executive's heirs,
administrators, representatives, executors, successors, and assigns, and all
Released Parties and their heirs, administrators, representatives, executors,
successors and assigns.
8.Severability: The invalidity or unenforceability of any provision of this
Release shall not affect the validity or enforceability of any other provision
of this Release, which shall remain in full force and effect.
9.Controlling Law and Jurisdiction. This Release shall be governed by and
construed in accordance with the laws of the State of Missouri, without giving
effect to the conflict of laws principles thereof. Any dispute, to the extent
not otherwise governed by the Arbitration Agreement, shall be heard in the St.
Louis County Circuit Court, located in Clayton, Missouri.
10.Provisions Required by the Age Discrimination in Employment Act/Older Worker
Benefits Protection Act: Executive acknowledges that:
(a)Executive is specifically releasing any and all claims, whether known or
unknown, which are based on the Age Discrimination in Employment Act;
(b)This Release does not waive rights or claims that arise after the date this
Release is executed;
(c)Executive has signed this Release of Executive's own free will in exchange
for Severance Benefits, which Executive acknowledges constitutes full, fair,
reasonable, and adequate consideration, to which Executive is not otherwise
entitled, for the affirmations, certifications, representations, and promises
made herein and in the Severance Agreement and, if not already executed, the
Arbitration Agreement;
(d)Executive has carefully read and fully understands all the provisions of this
Release (and the Severance Agreement and Arbitration Agreement), including this
Paragraph entitled "Provisions Required by the Age Discrimination in Employment
Act/Older Workers Benefit Protection Act." Executive has 45 days to consider the
terms of this Release, the Severance Agreement, and if not already executed, the
Arbitration Agreement. The Severance Agreement shall be null and void if
Executive does not execute and return this Release (and the Severance Agreement
and Arbitration Agreement) by the end of the 45th calendar day following the
date Executive received a copy of this Release, which date is listed in
Paragraph 1, and in no event shall Executive return such Release prior to
Executive's Termination Date. Executive agrees that changes made to this Release
(or the Severance Agreement or Arbitration Agreement) at Executive's request do
not restart the 45-day period which Executive has to review this Release;
(e)Executive has been advised in writing by this Release that Executive should
consult with an attorney prior to executing this Release;
(f)Executive understands and agrees that this Release shall not become effective
or enforceable until 7 calendar days after it is executed by Executive and
during that 7-day period (the "Revocation Period") Executive may revoke this
Release. If Executive wishes to revoke this Release following its execution,
Executive must do

--------------------------------------------------------------------------------

so in writing and must deliver such revocation to the address for the Company
listed in Executive's Severance Agreement. If Executive does not timely revoke,
this Release goes into force and effect on the 8th calendar day following its
execution; and
(g)Executive also understands that, should Executive decide to revoke this
Release within 7 days of signing, the Release will not be effective and the
Severance Benefits which the Company has promised in Executive's Severance
Agreement shall not be paid or provided.
11.Arbitration. Any contest by the Company, Executive or others of the validity
or enforceability of, or liability under, any provision of this Release or the
Severance Agreement (including any contest by Executive about the amount of any
Severance Benefits) shall be subject to arbitration consistent with the
Arbitration Agreement executed by Executive, the terms of which are incorporated
into this Release by reference.
[SIGNATURES ON THE FOLLOWING PAGE]
I have carefully read this Release, the Severance Agreement, and the Arbitration
Agreement; I fully understand the contents and the effects thereof, including
Paragraph 3 of this Release; I understand that I have a right to review this
Release with an attorney of my choice; and I have executed this Release, the
Severance Agreement, and the Arbitration Agreement of my own free will, without
any coercion by the Company, the Released Parties, or any of the Company's or
the Released Parties' directors, officers, employees, agents or representatives.

THIS RELEASE CONTAINS A BINDING ARBITRATION PROVISION WHICH MAY BE ENFORCED BY
THE PARTIES.

EXECUTIVE
By:
 
 
 
 
 
[Name]
 
Date
 
 
 
 
 
 
 
 
 
 
 

THE COMPANY
By:
 
 
 
 
 
[Name, Title]
 
Date