Document:

EX-10.2

 Exhibit 10.2 

AMENDED AND RESTATED EMPLOYMENT AGREEMENT 

This Amended and Restated Employment Agreement (“Agreement”) is made and entered into by and between Charah, LLC, a
Kentucky limited liability company (the “Company”), and Scott Sewell (“Employee”) effective as of June 10, 2019 (the “Effective Date”) and amends and replaces that certain
Employment Agreement between Employee and the Company dated January 13, 2017, as amended on each of June 1, 2018 and January 23, 2019 (the “Prior Agreement”). Charah Solutions, Inc., a Delaware corporation and
parent of the Company (the “Parent”), enters into this Agreement for the limited purposes of acknowledging and agreeing to Section 3(c). 

1. Employment. During the Employment Period (as defined in Section 4), the Company shall employ
Employee, and Employee shall serve, as President and Chief Executive Officer of the Company and the Parent and in such other position or positions as may be assigned from time to time by the board of directors (the “Board”).

 2. Duties and Responsibilities of Employee. 

(a) During the Employment Period, Employee shall devote Employee’s best efforts and full business time and attention to the businesses of
the Parent and its direct and indirect subsidiaries as may exist from time to time, including the Company (collectively, the Parent and its direct and indirect subsidiaries are referred to as the “Company Group”) as may be
requested by the Board from time to time. Employee’s duties and responsibilities shall include those normally incidental to the position(s) identified in Section 1, as well as such additional duties as may be
assigned to Employee by the Board from time to time, which duties and responsibilities may include providing services to other members of the Company Group in addition to the Company. Employee may, without violating this
Section 2(a): (i) as a passive investment, own publicly traded securities in such form or manner as will not require any services by Employee in the operation of the entities in which such securities are owned;
(ii) engage in charitable and civic activities; or (iii) with the prior written consent of the Board, engage in other personal and passive investment activities, in each case, so long as such ownership, interests or activities do not
interfere with Employee’s ability to fulfill Employee’s duties and responsibilities under this Agreement and are not inconsistent with Employee’s obligations to any member of the Company Group or competitive with the business of any
member of the Company Group. 
 (b) Employee hereby represents and warrants that Employee is not the subject of, or a party to, any
employment agreement, non-competition, non-solicitation, restrictive covenant or non-disclosure agreement, or any other
agreement, obligation, restriction, or understanding that would prohibit Employee from executing this Agreement or fully performing each of Employee’s duties and responsibilities hereunder, or would in any manner, directly or indirectly, limit
or affect any of the duties and responsibilities that may now or in the future be assigned to Employee hereunder. Employee expressly acknowledges and agrees that Employee is strictly prohibited from using or disclosing any confidential information
belonging to any prior employer in the course of performing services for any member of the Company Group, and Employee promises that Employee shall not do so. Employee shall not introduce documents or other materials containing confidential
information of any prior employer to the premises or property (including computers and computer systems) of any member of the Company Group. 

 (c) Employee owes each member of the Company Group fiduciary duties (including
(i) duties of loyalty and disclosure and (ii) such fiduciary duties that an officer of the Parent owes under the laws of the State of Delaware), and the obligations described in this Agreement are in addition to, and not in lieu of, the
obligations Employee owes each member of the Company Group under statutory and common law. 
 3. Compensation. 

(a) Base Salary. During the Employment Period, the Company shall pay to Employee an annualized base salary of $525,000 (the
“Base Salary”) in consideration for Employee’s services under this Agreement, payable in substantially equal installments in conformity with the Company’s customary payroll practices for similarly situated employees
as may exist from time to time, but no less frequently than monthly. 
 (b) Short-Term Incentive Awards. Employee shall be eligible
for discretionary short-term incentive compensation with a target short-term incentive award equal to 100% of Employee’s Base Salary for each calendar year that Employee is employed by the Company hereunder (the “STI
Award”). The performance targets that must be achieved in order to be eligible for certain short-term incentive levels shall be established by the Board (or a committee thereof) annually, in its sole discretion, and communicated
to Employee within the first ninety (90) days of the applicable calendar year (the “STI Year”). Each STI Award, if any, shall be paid as soon as administratively feasible after the Board (or a committee thereof)
certifies whether the applicable performance targets for the applicable STI Year have been achieved, but in no event later than March 15 following the end of such STI Year. Notwithstanding anything in this Section 3(b)
to the contrary, no STI Award, if any, nor any portion thereof, shall be payable for any STI Year unless Employee remains continuously employed by the Company from the Effective Date through the date on which such STI Award is paid. 

(c) Annual Equity Awards. During the Employment Period, Employee shall be eligible to receive annual awards under the Parent’s 2018
Omnibus Incentive Plan or such other equity incentive plan of the Parent as may be in effect from time to time (the “Incentive Plan”) in such amounts generally consistent with the Company’s equity award guidelines as in
effect from time to time. All Awards granted to Employee under the Incentive Plan, if any, shall be in such amounts and on such terms and conditions as the Board or a committee thereof shall determine from time to time, and shall be subject to and
governed by the terms and provisions of the Incentive Plan as in effect from time to time and the award agreements evidencing such awards. Nothing herein shall be construed to give Employee any rights to any amount or type of grant or award except
as provided in an award agreement and authorized by the Board or a committee thereof. 
 4. Term of Employment. The
initial term of Employee’s employment under this Agreement shall be for the period beginning on the Effective Date and ending on the third (3rd) anniversary of the Effective Date (the
“Initial Term”). On the third (3rd) anniversary of the Effective Date and on each subsequent anniversary thereafter, the term of Employee’s employment under this
Agreement shall automatically renew and extend for a period of twelve (12) months (each such twelve (12)-month period being a “Renewal Term”) unless written notice of non-renewal
is delivered by either party to the other not less than sixty (60) days prior to the expiration of the then-existing Initial Term or Renewal Term, as applicable. Notwithstanding any other 

  
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provision of this Agreement, Employee’s employment pursuant to this Agreement may be terminated at any time in accordance with Section 7. The period from the
Effective Date through the expiration of this Agreement or, if sooner, the termination of Employee’s employment pursuant to this Agreement, regardless of the time or reason for such termination, shall be referred to herein as the
“Employment Period.” 
 5. Business Expenses. Subject to Section 23, the
Company shall reimburse Employee for Employee’s reasonable out-of-pocket business-related expenses actually incurred in the performance of Employee’s duties
under this Agreement so long as Employee timely submits all documentation for such expenses, as required by Company policy in effect from time to time. Any such reimbursement of expenses shall be made by the Company upon or as soon as practicable
following receipt of such documentation (but in any event not later than the close of Employee’s taxable year following the taxable year in which the expense is incurred by Employee). In no event shall any reimbursement be made to Employee for
any expenses incurred after the date of Employee’s termination of employment with the Company. 
 6. Benefits. 

(a) During the Employment Period, Employee shall be eligible to participate in the same benefit plans and programs in which other similarly
situated Company employees are eligible to participate, subject to the terms and conditions of the applicable plans and programs in effect from time to time. The Company shall not, however, by reason of this Section 6, be
obligated to institute, maintain, or refrain from changing, amending, or discontinuing, any such plan or policy, so long as such changes are similarly applicable to similarly situated Company employees generally. 

(b) During the Employment Period, Employee shall be eligible to take paid time off in accordance with the Company’s paid time off policy
as in effect from time to time. Unless otherwise provided for in any such paid time off policy, Employee shall forfeit (and shall not be entitled to any payment in respect of) any accrued but unused paid time off entitlement at the end of each
calendar year or the end of the Employment Period. 
 7. Termination of Employment. 

(a) Company’s Right to Terminate Employee’s Employment for Cause. The Company shall have the right
to terminate Employee’s employment hereunder at any time for Cause. For purposes of this Agreement, “Cause” shall mean: 

(i) Employee’s material breach of this Agreement or any other written agreement between Employee and one or more members
of the Company Group, including Employee’s breach of any representation, warranty or covenant made under any such agreement; 

(ii) Employee’s material breach of any law applicable to the workplace or employment relationship, or Employee’s
material breach of any policy or code of conduct established by a member of the Company Group and applicable to Employee; 

  
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 (iii) Employee’s gross negligence, willful misconduct, breach of
fiduciary duty, fraud, theft or embezzlement; 
 (iv) the commission by Employee of, or conviction or indictment of Employee
for, or plea of nolo contendere by Employee to, any felony (or state law equivalent) or any crime involving moral turpitude; or 

(v) Employee’s willful failure or refusal, other than due to Disability, to perform Employee’s obligations pursuant
to this Agreement or to follow any lawful directive from the Board, as determined by the Board (sitting without Employee, if applicable); provided, however, that if Employee’s actions or omissions as set forth in this
Section 7(a)(v) are of such a nature that the Board determines that they are curable by Employee, such actions or omissions must remain uncured thirty (30) days after the Board first provided Employee written notice of
the obligation to cure such actions or omissions. 
 (b) Company’s Right to Terminate for Convenience. The Company
shall have the right to terminate Employee’s employment for convenience at any time and for any reason, or no reason at all, upon written notice to Employee. 

(c) Employee’s Right to Terminate for Good Reason. Employee shall have the right to terminate Employee’s
employment with the Company at any time for Good Reason. For purposes of this Agreement, “Good Reason” shall mean: 

(i) a material diminution in Employee’s Base Salary or authority, duties and responsibilities with the Company and its
subsidiaries; provided, however, that if Employee is serving as an officer or member of the board of directors (or similar governing body) of any subsidiary of the Parent or any other entity in which the Parent holds an equity interest, in no
event shall the removal of Employee as an officer or board member from such entity, regardless of the reason for such removal, constitute Good Reason; 

(ii) a material breach by the Company of any of its obligations under this Agreement; or 

(iii) the relocation of the geographic location of Employee’s principal place of employment by more than seventy-five
(75) miles from the location of Employee’s principal place of employment as of the Effective Date. 
 Notwithstanding the foregoing provisions of
this Section 7(c) or any other provision of this Agreement to the contrary, any assertion by Employee of a termination for Good Reason shall not be effective unless all of the following conditions are satisfied:
(A) the condition described in Section 7(c)(i), (ii) or (iii) giving rise to Employee’s termination of employment must have arisen without Employee’s consent; (B) Employee must provide
written notice to the Board of the existence of such condition(s) within thirty (30) days after the initial occurrence of such condition(s); (C) the condition(s) specified in such notice must remain uncorrected for thirty (30) days
following the Board’s receipt of such written notice; and (D) the date of Employee’s termination of employment must occur within sixty (60) days after end of the period referenced in clause (C). 

  
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 (d) Death or Disability. Upon the death or Disability of Employee, Employee’s
employment with Company shall automatically (and without any further action by any person or entity) terminate. For purposes of this Agreement, a “Disability” shall exist if either (i) the Board determines
that Employee is unable to perform the essential functions of Employee’s position (after accounting for reasonable accommodation, if applicable and required by applicable law), due to physical or mental impairment that continues, or can
reasonably be expected to continue, for a period in excess of one hundred-twenty (120) consecutive days or one hundred-eighty (180) days, whether or not consecutive (or for any longer period as may be required by applicable law), in any
twelve (12)-month period or (ii) Employee becomes eligible to receive benefits under the Company’s long-term disability plan, as in effect from time to time. 

(e) Employee’s Right to Terminate for Convenience. In addition to Employee’s right to terminate Employee’s employment for
Good Reason, Employee shall have the right to terminate Employee’s employment with the Company for convenience at any time and for any other reason, or no reason at all, upon thirty (30) days’ advance written notice to the Company;
provided, however, that if Employee has provided notice to the Company of Employee’s termination of employment, the Company may determine, in its sole discretion, that such termination shall be effective on any date prior to the
effective date of termination provided in such notice (and, if such earlier date is so required, then it shall not change the basis for Employee’s termination of employment nor be construed or interpreted as a termination of employment pursuant
to Section 7(b)). 
 (f) Effect of Termination. 

(i) Death or Disability. If Employee’s employment hereunder is terminated upon the death or Disability of Employee,
then so long as (and only if) Employee (or Employee’s guardian or the executor or other authorized representative of Employee’s estate): (A) executes on or before the Release Expiration Date (as defined below), and does not revoke within
any time provided by the Company to do so, a release of all claims in a form acceptable to the Company (the “Release”), which Release shall release each member of the Company Group and their respective affiliates, and the
foregoing entities’ respective shareholders, members, partners, officers, managers, directors, fiduciaries, employees, representatives, agents and benefit plans (and fiduciaries of such plans) from any and all claims, including any and all
causes of action arising out of Employee’s employment with the Company and any other member of the Company Group or the termination of such employment, but excluding all claims to severance payments Employee may have under this
Section 7 (the “Release Requirement”); and (B) does not violate the terms of Sections 9, 10 and 11, then the Company shall pay Employee the STI Award, if any, for the
STI Year that includes the date on which Employee’s employment terminates (the “Termination Date”), determined based on actual performance and paid on the date short-term incentive awards for such STI Year are paid to
other executives of the Company. 
 (ii) Termination without Cause; Resignation for Good Reason. If Employee’s
employment hereunder is terminated prior to the expiration of the then-existing Initial Term or Renewal Term, as applicable, (i) by the Company without Cause pursuant to Section 7(b) or (ii) by Employee for Good
Reason pursuant to Section 7(c), 

  
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then so long as (and only if) Employee: (A) satisfies the Release Requirement; and (B) abides by the terms of each of Sections 9, 10 and 11, then the Company shall
provide Employee with the payments and benefits set forth in Sections 7(f)(ii)(A), (B) and (C) below: 

(A) The Company shall pay severance to Employee in a total amount equal to (x) the Applicable Severance Multiple (as
defined below), multiplied by (y) the sum of Employee’s Base Salary and target STI Award for the year in which the Termination Date occurs (such total severance amount being referred to as the “Severance
Payment”). The Severance Payment will be divided into substantially equal installments paid over the twenty-four (24)-month period following the Termination Date; provided, however, that if the Termination
Date is within a CIC Protection Period (as defined below), then the Severance Payment will be paid to Employee in a single lump sum on the First Payment Date (as defined below). Subject to Section 23(d), if the Termination
Date is not within a CIC Protection Period, then, on the First Payment Date, the Company shall pay to Employee, without interest, a number of such installments equal to the number of such installments that would have been paid during the period
beginning on the Termination Date and ending on the First Payment Date had the installments been paid on the Company’s regularly scheduled pay dates on or following the Termination Date, and each of the remaining installments shall be paid on
the Company’s regularly scheduled pay dates during the remainder of such twenty-four (24)-month period. 
 (B) During
the portion, if any, of the eighteen (18)-month period following the Termination Date (the “Reimbursement Period”) that Employee elects to continue coverage for Employee and Employee’s spouse and eligible dependents, if
any, under the Company’s group health plans pursuant to Consolidated Omnibus Budget Reconciliation Act of 1985 (“COBRA”), the Company shall promptly reimburse Employee on a monthly basis for the difference between the
amount Employee pays to effect and continue such coverage and the employee contribution amount that similarly situated employees of the Company pay for the same or similar coverage under such group health plans (the “COBRA
Benefit”). Each payment of the COBRA Benefit shall be paid to Employee on the Company’s first regularly scheduled pay date in the calendar month immediately following the calendar month in which Employee submits to the Company
documentation of the applicable premium payment having been paid by Employee, which documentation shall be submitted by Employee to the Company within thirty (30) days following the date on which the applicable premium payment is paid. Employee
shall be eligible to receive such reimbursement payments until the earliest of: (x) the last day of the Reimbursement Period; (y) the date Employee is no longer eligible to receive COBRA continuation coverage; and (z) the date on
which Employee becomes eligible to receive coverage under a group health plan sponsored by another employer (and any such eligibility shall be promptly reported to the Company by Employee); provided, however, that the election of COBRA
continuation coverage and the payment of any premiums due with respect to such COBRA continuation coverage shall remain Employee’s sole responsibility, and 

  
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the Company shall not assume any obligation for payment of any such premiums relating to such COBRA continuation coverage. Notwithstanding the foregoing, if the provision of the benefits
described in this paragraph cannot be provided in the manner described above without penalty, tax or other adverse impact on the Company or any other member of the Company Group, then the Company and Employee shall negotiate in good faith to
determine an alternative manner in which the Company may provide substantially equivalent benefits to Employee without such adverse impact on the Company or such other member of the Company Group. 

(C) The Company shall pay Employee a pro-rata portion of the STI Award for the STI Year
in which the Termination Date occurs (the “Pro-Rata STI Award”), which shall be equal to (x) the STI Award, if any, earned for the STI Year in which the Termination Date occurs
based on actual performance (or, if the Termination Date occurs during a CIC Protection Period, the greater of target or actual performance), multiplied by (y) a fraction, the numerator of which is the number of days that have elapsed
from the beginning of such STI Year through the Termination Date and the denominator of which is the total number of days in such STI Year. The Pro-Rata STI Award, if any, will be paid on the date short-term
incentive awards for such STI Year are paid to other executives of the Company. 
 The payments and benefits described in
Section 7(f)(ii)(A), (B) and (C) above are collectively referred to herein as the “Termination Benefits.” 

(iii) For the avoidance of doubt, neither the Termination Benefits nor any portion thereof shall be payable if Employee’s
employment hereunder terminates: (A) pursuant to any of the circumstances described in Sections 7(a), 7(d) or 7(e) above, or (B) upon the expiration of the then-existing Initial Term or Renewal Term, as applicable, as
a result of a non-renewal of the term of Employee’s employment under this Agreement by the Company or Employee pursuant to Section 4. 

(iv) If the Release is not executed and returned to the Company on or before the Release Expiration Date, and the required
revocation period has not fully expired without revocation of the Release by Employee, then Employee shall not be entitled to any portion of the STI Award under Section 7(f)(i) or any of the Termination Benefits, as
applicable. As used herein, the “Release Expiration Date” is that date that is twenty-one (21) days following the date upon which the Company delivers the Release to Employee
(which shall occur no later than seven (7) days after the Termination Date) or, in the event that such termination of employment is “in connection with an exit incentive or other employment termination program” (as such phrase is
defined in the Age Discrimination in Employment Act of 1967), the date that is forty-five (45) days following such delivery date. 

(v) As used herein, (A) “Applicable Severance Multiple” means two (2); provided, however,
that if the Termination Date occurs during a CIC Protection Period, Applicable Severance Multiple means two and a half (2.5); (B) “Change in Control” has the meaning given to such term in the Charah Solutions, Inc. 2018
Omnibus Incentive Plan; (C) “CIC Protection Period” means the date on which a Change in Control occurs and the twenty-four (24) month period immediately thereafter; and (D) “First Payment Date”
means the Company’s first regularly scheduled pay date that is on or after the date that is sixty (60) days after the Termination Date. 

  
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 (g) Severance Clawback. Notwithstanding any provision of this Agreement to the
contrary, in the event that the Company determines that Employee is eligible to receive the Termination Benefits pursuant to Section 7(f) but, after such determination, the Company subsequently acquires evidence or
determines that: (i) Employee has failed to abide by the terms of Sections 9, 10 or 11; or (ii) a Cause condition existed prior to the Termination Date that, had the Company been fully aware of such condition,
would have given the Company the right to terminate Employee’s employment pursuant to Section 7(a), then the Company shall have the right to cease the payment of any future installments of the Severance Payment and the
COBRA Benefit and any Pro-Rata STI Award, and Employee shall promptly return to the Company all installments of the Severance Payment and the COBRA Benefit and any
Pro-Rata STI Award received by Employee prior to the date that the Company determines that the conditions of this Section 7(g) have been satisfied. 

8. Disclosures. Promptly (and in any event, within three (3) business days) upon becoming aware of (a) any actual or
potential Conflict of Interest or (b) any lawsuit, claim or arbitration filed against or involving Employee or any trust or vehicle owned or controlled by Employee, in each case, Employee shall disclose such actual or potential Conflict of
Interest or such lawsuit, claim or arbitration to the Board. A “Conflict of Interest” shall exist when Employee engages in, or plans to engage in, any activities, associations, or interests that conflict with, or create an
appearance of a conflict with, Employee’s duties, responsibilities, authorities, or obligations for and to any member of the Company Group. 

9. Confidentiality. In the course of Employee’s employment with the Company and the performance of Employee’s duties on
behalf of the Company Group hereunder, Employee will be provided with, and have access to, Confidential Information (as defined below). In consideration of Employee’s receipt and access to such Confidential Information, and as a condition of
Employee’s employment hereunder, Employee shall comply with this Section 9. 
 (a) Both during the Employment
Period and thereafter, except as expressly permitted by this Agreement or by directive of the Board, Employee shall not disclose any Confidential Information to any person or entity and shall not use any Confidential Information except for the
benefit of the Company Group. Employee acknowledges and agrees that Employee would inevitably use and disclose Confidential Information in violation of this Section 9 if Employee were to violate any of the covenants set
forth in Section 10. Employee shall follow all Company Group policies and protocols regarding the security of all documents and other materials containing Confidential Information (regardless of the medium on which
Confidential Information is stored). The covenants of this Section 9(a) shall apply to all Confidential Information, whether now known or later to become known to Employee during the period that Employee is employed by or
affiliated with the Company or any other member of the Company Group. 

  
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 (b) Notwithstanding any provision of Section 9(a) to the contrary,
Employee may make the following disclosures and uses of Confidential Information: 
 (i) disclosures to other employees of a
member of the Company Group who have a need to know the information in connection with the businesses of the Company Group; 

(ii) disclosures to customers and suppliers when, in the reasonable and good faith belief of Employee, such disclosure is in
connection with Employee’s performance of Employee’s duties under this Agreement and is in the best interests of the Company Group; 

(iii) disclosures and uses that are approved in writing by the Board; or 

(iv) disclosures to a person or entity that has (x) been retained by a member of the Company Group to provide services to
one or more members of the Company Group and (y) agreed in writing to abide by the terms of a confidentiality agreement. 
 (c) Upon the
expiration of the Employment Period, and at any other time upon request of the Company, Employee shall promptly surrender and deliver to the Company all documents (including electronically stored information) and all copies thereof and all other
materials of any nature containing or pertaining to all Confidential Information and any other Company Group property (including any Company Group-issued computer, mobile device or other equipment) in Employee’s possession, custody or control
and Employee shall not retain any such documents or other materials or property of the Company Group. Within five (5) days of any such request, Employee shall certify to the Company in writing that all such documents, materials and property
have been returned to the Company. 
 (d) All trade secrets, non-public information, designs, ideas,
concepts, improvements, product developments, discoveries and inventions, whether patentable or not, that are or have been conceived, made, developed or acquired by or disclosed to Employee, individually or in conjunction with others, during the
period that Employee is or has been employed by or affiliated with the Company or any other member of the Company Group (whether during business hours or otherwise and whether on the Company’s premises or otherwise) that relate to any member of
the Company Group’s businesses or properties, products or services (including all such information relating to corporate opportunities, operations, future plans, methods of doing business, business plans, strategies for developing business and
market share, research, financial and sales data, pricing terms, evaluations, opinions, interpretations, acquisition prospects, the identity of customers or acquisition targets or their requirements, the identity of key contacts within
customers’ organizations or within the organization of acquisition prospects, or marketing and merchandising techniques, prospective names and marks) is defined as “Confidential Information.” Moreover, all documents,
videotapes, written presentations, brochures, drawings, memoranda, notes, records, files, correspondence, manuals, models, specifications, computer programs, e-mail, voice mail, electronic databases, maps,
drawings, architectural renditions, models and all other writings or materials of any type including or embodying any of such information, ideas, concepts, improvements, discoveries, inventions and other similar forms of expression are and shall be
the sole and exclusive property of the Company or the other applicable member of the Company Group and be subject to the same restrictions on disclosure applicable to all Confidential Information pursuant to this Agreement. For purposes of

  
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this Agreement, Confidential Information shall not include any information that (i) is or becomes generally available to the public other than as a result of a disclosure or wrongful act of
Employee or any of Employee’s agents; (ii) was available to Employee on a non-confidential basis before its disclosure by a member of the Company Group; or (iii) becomes available to Employee on
a non-confidential basis from a source other than a member of the Company Group; provided, however, that such source is not bound by a confidentiality agreement with, or other obligation with
respect to confidentiality to, a member of the Company Group. 
 (e) Notwithstanding the foregoing, nothing in this Agreement shall prohibit
or restrict Employee from lawfully: (i) initiating communications directly with, cooperating with, providing information to, causing information to be provided to, or otherwise assisting in an investigation by, any governmental authority
(including the U.S. Securities and Exchange Commission) regarding a possible violation of any law; (ii) responding to any inquiry or legal process directed to Employee from any such governmental authority; (iii) testifying, participating
or otherwise assisting in any action or proceeding by any such governmental authority relating to a possible violation of law; or (iv) making any other disclosures that are protected under the whistleblower provisions of any applicable law.
Additionally, pursuant to the federal Defend Trade Secrets Act of 2016, an individual shall not be held criminally or civilly liable under any federal or state trade secret law for the disclosure of a trade secret that: (A) is made (1) in
confidence to a federal, state or local government official, either directly or indirectly, or to an attorney and (2) solely for the purpose of reporting or investigating a suspected violation of law; (B) is made to the individual’s
attorney in relation to a lawsuit for retaliation against the individual for reporting a suspected violation of law; or (C) is made in a complaint or other document filed in a lawsuit or proceeding, if such filing is made under seal. Nothing in
this Agreement requires Employee to obtain prior authorization before engaging in any conduct described in this paragraph, or to notify the Company that Employee has engaged in any such conduct. 

10. Non-Competition; Non-Solicitation; Non-Disparagement. 
 (a) The Company shall provide Employee access to Confidential Information for
use only during the Employment Period, and Employee acknowledges and agrees that the Company Group will be entrusting Employee, in Employee’s unique and special capacity, with developing the goodwill of the Company Group, and as an express
incentive for the Company to enter into this Agreement and employ Employee hereunder, Employee has voluntarily agreed to the covenants set forth in this Section 10. Employee agrees and acknowledges that the limitations and
restrictions set forth herein, including geographical and temporal restrictions on certain competitive activities, are reasonable in scope and purpose in all respects, do not interfere with public interests, will not cause Employee undue hardship,
and are material and substantial parts of this Agreement intended and necessary to prevent unfair competition and to protect the Company Group’s Confidential Information, goodwill and legitimate business interests. 

  
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 (b) During the Prohibited Period, Employee shall not, without the prior written approval of
the Board, directly or indirectly, for Employee or on behalf of or in conjunction with any other person or entity of any nature: 

(i) engage in or participate within the Market Area in competition with any member of the Company Group in any aspect of the
Business, including by directly or indirectly: (A) owning, managing, operating, or being an officer or director of, any business that competes with any member of the Company Group in the Market Area, or (B) joining, becoming an employee or
consultant of, or otherwise being affiliated with, any person or entity engaged in, or planning to engage in, the Business in the Market Area in competition, or anticipated competition, with any member of the Company Group in any capacity (with
respect to this clause (B)) in which Employee’s duties or responsibilities are the same as or similar to the duties or responsibilities that Employee had on behalf of any member of the Company Group; 

(ii) appropriate any Business Opportunity of, or relating to, any member of the Company Group located in the Market Area; 

(iii) solicit, canvass, approach, encourage, entice or induce any customer or supplier of any member of the Company Group to
cease or lessen such customer’s or supplier’s business with any member of the Company Group; or 
 (iv) solicit,
canvass, approach, encourage, entice or induce any employee or contractor of any member of the Company Group to terminate his, her or its employment or engagement with any member of the Company Group. 

(c) Because of the difficulty of measuring economic losses to the Company Group as a result of a breach or threatened breach of the covenants
set forth in Section 9 and in this Section 10, and because of the immediate and irreparable damage that would be caused to the members of the Company Group for which they would have no other
adequate remedy, the Company and each other member of the Company Group shall be entitled to enforce the foregoing covenants, in the event of a breach or threatened breach, by injunctions and restraining orders from any court of competent
jurisdiction, without the necessity of showing any actual damages or that money damages would not afford an adequate remedy, and without the necessity of posting any bond or other security. The aforementioned equitable relief shall not be the
Company’s or any other member of the Company Group’s exclusive remedy for a breach but instead shall be in addition to all other rights and remedies available to the Company and each other member of the Company Group at law and equity.

 (d) The covenants in this Section 10, and each provision and portion hereof, are severable and separate, and the
unenforceability of any specific covenant (or portion thereof) shall not affect the provisions of any other covenant (or portion thereof). Moreover, in the event any arbitrator or court of competent jurisdiction shall determine that the scope, time
or territorial restrictions set forth are unreasonable, then it is the intention of the parties that such restrictions be enforced to the fullest extent which such arbitrator or court deems reasonable, and this Agreement shall thereby be reformed.

 (e) The following terms shall have the following meanings: 

(i) “Business” shall mean the business and operations that are the same or similar to
those performed by the Company and any other member of the Company Group during the Employment Period, which business and operations include: (A) coal ash management and recycling, environmental remediation and outage maintenance services;

  
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(B) the design and implementation of solutions for complex environmental projects (such as ash pond closures) and coal ash recycling (and facilitation thereof, including through byproduct sales
and other beneficial use services); (C) byproduct sales for power generation customers (including sale and recycling of coal combustion residuals); and (D) maintenance and technical services for fossil services and nuclear services clients
(including management of coal ash for coal-fired power generation facilities) and providing services with respect to maintenance, outage services, facility maintenance and staffing solutions for nuclear and fossil power generation facilities. 

(ii) “Business Opportunity” shall mean any commercial, investment or other business
opportunity relating to the Business.  
 (iii) “Market Area” shall mean: (A) the
geographic area within a 250-mile radius of any office or other facility of the Company or any other member of the Company Group or any work site (including any project site, customer office or any other
facility owned, operated, serviced or managed by a member of the Company Group) where Participant worked or for which Participant had direct or indirect responsibility during the period of Participant’s employment with the Company or any other
member of the Company Group; and (B) those geographic areas set forth on Exhibit A hereto. 
 (iv)
“Prohibited Period” shall mean the period during which Employee is employed by any member of the Company Group and continuing for a period of twenty-four (24) months following the date that Employee is no
longer employed by any member of the Company Group. 
 (f) Subject to Section 9(e) above, Employee agrees that
during the period from and after the Effective Date, Employee will not, and will cause Employee’s affiliates to not, make, publish, or communicate any disparaging or defamatory comments regarding any member of the Company Group or any of their
respective current or former directors, officers, members, managers, partners, executives or direct or indirect owners (including equityholders). 

11. Ownership of Intellectual Property. Employee agrees that the Company shall own, and Employee shall (and
hereby does) assign, all right, title and interest (including patent rights, copyrights, trade secret rights, mask work rights, trademark rights, and all other intellectual and industrial property rights of any sort throughout the world) relating to
any and all inventions (whether or not patentable), works of authorship, mask works, designs, know-how, ideas and information authored, created, contributed to, made or conceived or reduced to practice, in
whole or in part, by Employee during the period in which Employee is or has been employed by or affiliated with the Company or any other member of the Company Group that either (a) relate, at the time of conception, reduction to practice,
creation, derivation or development, to any member of the Company Group’s businesses or actual or anticipated research or development, or (b) were developed on any amount of the Company’s or any other member of the Company
Group’s time or with the use of any member of the Company Group’s equipment, supplies, facilities or trade secret information (all of the foregoing collectively referred to herein as “Company Intellectual
Property”), and Employee shall promptly disclose all Company Intellectual Property to the Company. All of Employee’s works of authorship and associated copyrights created during the period in which Employee is employed by or
affiliated with the Company or any other member of 

  
 12 

 
the Company Group and in the scope of Employee’s employment or engagement shall be deemed to be “works made for hire” within the meaning of the Copyright Act. Employee shall
perform, during and after the period in which Employee is or has been employed by or affiliated with the Company or any other member of the Company Group, all acts deemed necessary by the Company to assist each member of the Company Group, at the
Company’s expense, in obtaining and enforcing its rights throughout the world in the Company Intellectual Property. Such acts may include execution of documents and assistance or cooperation (i) in the filing, prosecution, registration,
and memorialization of assignment of any applicable patents, copyrights, mask work, or other applications, (ii) in the enforcement of any applicable patents, copyrights, mask work, moral rights, trade secrets, or other proprietary rights, and
(iii) in other legal proceedings related to the Company Intellectual Property. 
 12. Arbitration. 

(a) Subject to Section 12(b), any dispute, controversy or claim between Employee and any member of the Company Group
arising out of or relating to this Agreement or Employee’s employment or engagement with any member of the Company Group will be finally settled by arbitration in Louisville, Kentucky in accordance with the then-existing American Arbitration
Association (“AAA”) Employment Arbitration Rules. The arbitration award shall be final and binding on both parties. Any arbitration conducted under this Section 12 shall be private, and shall be
heard by a single arbitrator (the “Arbitrator”) selected in accordance with the then-applicable rules of the AAA. The Arbitrator shall expeditiously hear and decide all matters concerning the dispute. Except as expressly
provided to the contrary in this Agreement, the Arbitrator shall have the power to (i) gather such materials, information, testimony and evidence as the Arbitrator deems relevant to the dispute before him or her (and each party will provide
such materials, information, testimony and evidence requested by the Arbitrator), and (ii) grant injunctive relief and enforce specific performance. All disputes shall be arbitrated on an individual basis, and each party hereto hereby foregoes
and waives any right to arbitrate any dispute as a class action or collective action or on a consolidated basis or in a representative capacity on behalf of other persons or entities who are claimed to be similarly situated, or to participate as a
class member in such a proceeding. The decision of the Arbitrator shall be reasoned, rendered in writing, be final and binding upon the disputing parties and the parties agree that judgment upon the award may be entered by any court of competent
jurisdiction. 
 (b) Notwithstanding Section 12(a), either party may make a timely application for, and obtain,
judicial emergency or temporary injunctive relief to enforce any of the provisions of Sections 9 through 11 provided, however, that the remainder of any such dispute (beyond the application for emergency or temporary
injunctive relief) shall be subject to arbitration under this Section 12. 
 (c) By entering into this Agreement
and entering into the arbitration provisions of this Section 12, THE PARTIES EXPRESSLY ACKNOWLEDGE AND AGREE THAT THEY ARE KNOWINGLY, VOLUNTARILY AND INTENTIONALLY WAIVING THEIR RIGHTS TO A JURY TRIAL. 

  
 13 

 (d) Nothing in this Section 12 shall prohibit a party to this
Agreement from (i) instituting litigation to enforce any arbitration award, or (ii) joining the other party to this Agreement in a litigation initiated by a person or entity that is not a party to this Agreement. Further, nothing in this
Section 12 precludes Employee from filing a charge or complaint with a federal, state or other governmental administrative agency. 

13. Defense of Claims. During the Employment Period and thereafter, upon request from the Company, Employee shall
cooperate with the Company Group in the defense of any claims or actions that may be made by or against any member of the Company Group that relate to Employee’s actual or prior areas of responsibility. In making any such request for
cooperation following the Termination Date, the Company will take into consideration Employee’s then-existing personal and professional obligations, as applicable. The Company shall reimburse Employee for Employee’s reasonable and
documented out-of-pocket expenses incurred by Employee following the Termination Date to comply with Employee’s obligations under this
Section 13. 
 14. Withholdings; Deductions. The Company may withhold and deduct from any
benefits and payments made or to be made pursuant to this Agreement (a) all federal, state, local and other taxes as may be required pursuant to any law or governmental regulation or ruling and (b) any deductions consented to in writing by
Employee. 
 15. Title and Headings; Construction. Titles and headings to Sections hereof are for the purpose of
reference only and shall in no way limit, define or otherwise affect the provisions hereof. Any and all Exhibits or Attachments referred to in this Agreement are, by such reference, incorporated herein and made a part hereof for all purposes. Unless
the context requires otherwise, all references to laws, regulations, contracts, documents, agreements and instruments refer to such laws, regulations, contracts, agreements and instruments as they may be amended from time to time, and references to
particular provisions of laws or regulations include a reference to the corresponding provisions of any succeeding law or regulation. All references to “dollars” or “$” in this Agreement refer to United States dollars. The words
“herein”, “hereof”, “hereunder” and other compounds of the word “here” shall refer to the entire Agreement, including all Exhibits attached hereto, and not to any particular provision hereof. The word
“or” is not exclusive. Wherever the context so requires, the masculine gender includes the feminine or neuter, and the singular number includes the plural and conversely. All references to “including” shall be construed as
meaning “including without limitation.” Neither this Agreement nor any uncertainty or ambiguity herein shall be construed or resolved against any party hereto, whether under any rule of construction or otherwise. On the contrary, this
Agreement has been reviewed by each of the parties hereto and shall be construed and interpreted according to the ordinary meaning of the words used so as to fairly accomplish the purposes and intentions of the parties hereto. 

16. Applicable Law; Submission to Jurisdiction. This Agreement shall in all respects be construed according to the laws of the
Commonwealth of Kentucky without regard to its conflict of laws principles that would result in the application of the laws of another jurisdiction. With respect to any claim or dispute related to or arising under this Agreement, the parties hereby
consent to the arbitration provisions of Section 12 and recognize and agree that should any resort to a court be necessary and permitted under this Agreement, then they consent to the exclusive jurisdiction, forum and venue
of the state and federal courts (as applicable) located in Louisville, Kentucky. 

  
 14 

 17. Entire Agreement and Amendment. This Agreement contains the entire
agreement of the parties with respect to the matters covered herein and supersedes all prior and contemporaneous agreements and understandings, oral or written, between the parties hereto concerning the subject matter hereof; provided,
however, that the provisions of this Agreement are in addition to and complement (and do not replace or supersede) any other written agreement(s) or parts thereof between Employee and any member of the Company Group that create restrictions
on Employee with respect to confidentiality, non-disclosure, non-competition, non-solicitation or
non-disparagement. Without limiting the scope of the preceding sentence, except as otherwise expressly provided in this Section 17, all understandings and agreements preceding the
Effective Date and relating to the subject matter hereof (including the Prior Agreement) are hereby null and void and of no further force or effect, and this Agreement shall supersede all other agreements, written or oral, that purport to govern the
terms of Employee’s employment (including Employee’s compensation) with any member of the Company Group. Employee acknowledges and agrees that the Prior Agreement is hereby terminated and has been satisfied in full, as has any other
employment agreement between Employee and any member of the Company Group. In entering into this Agreement, Employee expressly acknowledges and agrees that Employee has received all sums and compensation that Employee has been owed, is owed or ever
could be owed pursuant to the agreement(s) referenced in the previous sentence and for services provided to any member of the Company Group through the date that Employee signs this Agreement, with the exception of any unpaid base salary for the pay
period that includes the date on which Employee signs this Agreement. This Agreement may be amended only by a written instrument executed by both parties hereto. 

18. Waiver of Breach. Any waiver of this Agreement must be executed by the party to be bound by such waiver. No
waiver by either party hereto of a breach of any provision of this Agreement by the other party, or of compliance with any condition or provision of this Agreement to be performed by such other party, will operate or be construed as a waiver of any
subsequent breach by such other party or any similar or dissimilar provision or condition at the same or any subsequent time. The failure of either party hereto to take any action by reason of any breach will not deprive such party of the right to
take action at any time. 
 19. Assignment. This Agreement is personal to Employee, and neither this Agreement nor any
rights or obligations hereunder shall be assignable or otherwise transferred by Employee. The Company may assign this Agreement without Employee’s consent, including to any member of the Company Group and to any successor to or acquirer of
(whether by merger, purchase or otherwise) all or substantially all of the equity, assets or businesses of the Company. 
 20.
Notices. Notices provided for in this Agreement shall be in writing and shall be deemed to have been duly received (a) when delivered in person, (b) when sent by electronic mail (with confirmation of receipt) on a
business day to the e-mail address set forth below, if applicable; provided, however, that if a notice is sent by facsimile transmission after normal business hours of the recipient or on a non-business day, then it shall be deemed to have been received on the next business day after it is sent, (c) on the first business day after such notice is sent by express overnight courier service, or
(d) on the second business day following deposit with an internationally-recognized second-day courier service with proof of receipt maintained, in each case, to the following address, as applicable: 

  
 15 

 If to the Company, addressed to: 

Charah, LLC 
 Attention: Vice
President of Legal Affairs 
 12601 Plantside Drive 

Louisville, Kentucky 40299 
 E-mail:
                                        
                     
 If to the
Parent, addressed to: 
 Charah Solutions, Inc. 

Attention: Vice President of Legal Affairs 

12601 Plantside Drive 

Louisville, Kentucky 40299 
 E-mail:
                                        
                     
 If to
Employee, addressed to Employee’s last known address on file with the Company. 
 21. Counterparts. This
Agreement may be executed in any number of counterparts, including by electronic mail or facsimile, each of which when so executed and delivered shall be an original, but all such counterparts shall together constitute one and the same instrument.
Each counterpart may consist of a copy hereof containing multiple signature pages, each signed by one party, but together signed by both parties hereto. 

22. Deemed Resignations. Except as otherwise determined by the Board or as otherwise agreed to in writing by Employee and
any member of the Company Group prior to the termination of Employee’s employment with the Company or any member of the Company Group, any termination of Employee’s employment shall constitute, as applicable, an automatic resignation of
Employee: (a) as an officer of the Company and each member of the Company Group; (b) from the Board; and (c) from the board of directors or board of managers (or similar governing body) of any member of the Company Group and from the
board of directors or board of managers (or similar governing body) of any corporation, limited liability entity, unlimited liability entity or other entity in which any member of the Company Group holds an equity interest and with respect to which
board of directors or board of managers (or similar governing body) Employee serves as such Company Group member’s designee or other representative. 

23. Section 409A.  

(a) Notwithstanding any provision of this Agreement to the contrary, all provisions of this Agreement are intended to comply with
Section 409A of the Internal Revenue Code of 1986 (the “Code”), and the applicable Treasury regulations and administrative guidance issued thereunder (collectively,
“Section 409A”) or an exemption therefrom and shall be construed and administered in accordance with such intent. Any payments under this Agreement that may be excluded from Section 409A
either as separation pay due to an involuntary separation from service 

  
 16 

 
or as a short-term deferral shall be excluded from Section 409A to the maximum extent possible. For purposes of Section 409A, each installment payment provided under this Agreement
shall be treated as a separate payment. Any payments to be made under this Agreement upon a termination of Employee’s employment shall only be made if such termination of employment constitutes a “separation from service” under
Section 409A. 
 (b) To the extent that any right to reimbursement of expenses or payment of any benefit
in-kind under this Agreement constitutes nonqualified deferred compensation (within the meaning of Section 409A), (i) any such expense reimbursement shall be made by the Company no later than the last day
of Employee’s taxable year following the taxable year in which such expense was incurred by Employee, (ii) the right to reimbursement or in-kind benefits shall not be subject to liquidation or
exchange for another benefit, and (iii) the amount of expenses eligible for reimbursement or in-kind benefits provided during any taxable year shall not affect the expenses eligible for reimbursement or in-kind benefits to be provided in any other taxable year; provided, that the foregoing clause shall not be violated with regard to expenses reimbursed under any arrangement covered by
Section 105(b) of the Code solely because such expenses are subject to a limit related to the period in which the arrangement is in effect. 

(c) Notwithstanding any provision in this Agreement to the contrary, if any payment or benefit provided for herein would be subject to
additional taxes and interest under Section 409A if Employee’s receipt of such payment or benefit is not delayed until the earlier of (i) the date of Employee’s death or (ii) the date that is six (6) months after the
Termination Date (such date, the “Section 409A Payment Date”), then such payment or benefit shall not be provided to Employee (or Employee’s estate, if applicable) until the
Section 409A Payment Date. Notwithstanding the foregoing, the Company makes no representations that the payments and benefits provided under this Agreement are exempt from, or compliant with, Section 409A and in no event shall any member
of the Company Group be liable for all or any portion of any taxes, penalties, interest or other expenses that may be incurred by Employee on account of non-compliance with Section 409A. 

(d) To the extent that the aggregate amount of the installments of the Severance Payment that would otherwise be paid pursuant to the
provisions of Section 7(f)(ii)(A) after March 15 of the calendar year following the calendar year in which the Termination Date occurs (the “Applicable
March 15”) exceeds the maximum exemption amount under Treasury Regulation Section 1.409A-1(b)(9)(iii)(A), then such excess shall be paid to Employee in a lump
sum on the Applicable March 15 (or the first business day preceding the Applicable March 15 if the Applicable March 15 is not a business day) and the installments of the Severance Payment payable after the Applicable March 15
shall be reduced by such excess (beginning with the installment first payable after the Applicable March 15 and continuing with the next succeeding installment until the aggregate reduction equals such excess). 

24. Certain Excise Taxes. Notwithstanding anything to the contrary in this Agreement, if Employee is a “disqualified
individual” (as defined in Section 280G(c) of the Code), and the payments and benefits provided for in this Agreement, together with any other payments and benefits which Employee has the right to receive from the Company or any of its
affiliates, would constitute a “parachute payment” (as defined in Section 280G(b)(2) of the Code), then the payments and benefits provided for in this Agreement shall be either (a) reduced (but not below

  
 17 

 
zero) so that the present value of such total amounts and benefits received by Employee from the Company or any of its affiliates shall be one dollar ($1.00) less than three times Employee’s
“base amount” (as defined in Section 280G(b)(3) of the Code) and so that no portion of such amounts and benefits received by Employee shall be subject to the excise tax imposed by Section 4999 of the Code or (b) paid in
full, whichever produces the better net after-tax position to Employee (taking into account any applicable excise tax under Section 4999 of the Code and any other applicable taxes). The reduction of
payments and benefits hereunder, if applicable, shall be made by reducing, first, payments or benefits to be paid in cash hereunder in the order in which such payment or benefit would be paid or provided (beginning with such payment or benefit that
would be made last in time and continuing, to the extent necessary, through to such payment or benefit that would be made first in time) and, then, reducing any benefit to be provided in-kind hereunder in a
similar order. The determination as to whether any such reduction in the amount of the payments and benefits provided hereunder is necessary shall be made by the Company in good faith. If a reduced payment or benefit is made or provided
and through error or otherwise that payment or benefit, when aggregated with other payments and benefits from the Company or any of its affiliates used in determining if a “parachute payment” exists, exceeds one dollar ($1.00) less than
three times Employee’s base amount, then Employee shall immediately repay such excess to the Company upon notification that an overpayment has been made. Nothing in this Section 24 shall require any member of the
Company Group to be responsible for, or have any liability or obligation with respect to, Employee’s excise tax liabilities under Section 4999 of the Code. 

25. Clawback. To the extent required by applicable law or any applicable securities exchange listing standards, or as
otherwise determined by the Board (or a committee thereof), amounts paid or payable under this Agreement shall be subject to the provisions of any applicable clawback policies or procedures adopted by any member of the Company Group, which clawback
policies or procedures may provide for forfeiture and/or recoupment of amounts paid or payable under this Agreement. Notwithstanding any provision of this Agreement to the contrary, each member of the Company Group reserves the right, without
the consent of Employee, to adopt any such clawback policies and procedures, including such policies and procedures applicable to this Agreement with retroactive effect. 

26. Indemnification. If Employee is made a party or is threatened to be made a party to or is involved in any action, suit or
proceeding, whether civil, criminal, administrative or investigative, by reason of the fact that Employee is or was an employee, director or officer of any member of the Company Group or is or was serving at the request of the Company as a director,
officer, employee or agent of another corporation or of a partnership, joint venture, trust or other enterprise, including service with respect to employee benefit plans (other than, in each case, any action, suit or proceeding initiated by Employee
or any member of the Company Group or any of its affiliates or any of their respective directors, officers, managers, members, partners or employees related to any contest or dispute between Employee and any member of the Company Group or any of its
affiliates or any of their respective directors, officers, managers, members, partners or employees with respect to this Agreement or Employee’s employment, engagement or any termination thereof), Employee shall be indemnified and held harmless
by the Company to the fullest extent authorized by the Company’s organizational and governing documents and by applicable laws against all liabilities and losses (including reasonable attorneys’ fees, judgments, fines or penalties)
incurred or suffered by Employee in connection therewith; provided, however, that if Employee is seeking indemnification in connection with a proceeding (or part thereof) initiated by Employee, the Company shall indemnify Employee with
respect to such proceeding (or part thereof) only if such proceeding (or part thereof) was authorized by the Board. 

  
 18 

 27. Effect of Termination. The provisions of Sections 7,
9-14 and 22 and those provisions necessary to interpret and enforce them, shall survive any termination of this Agreement and any termination of the employment relationship between Employee and the Company. 

28. Third-Party Beneficiaries. Each member of the Company Group that is not a signatory to this Agreement shall be a third-party
beneficiary of Employee’s obligations under Sections 8, 9, 10, 11, 12, 16 and 22 and shall be entitled to enforce such obligations as if a party hereto. 

29. Severability. If an arbitrator or court of competent jurisdiction determines that any provision of this Agreement (or portion
thereof) is invalid or unenforceable, then the invalidity or unenforceability of that provision (or portion thereof) shall not affect the validity or enforceability of any other provision of this Agreement, and all other provisions shall remain in
full force and effect. 
 [Remainder of Page Intentionally Blank; 

Signature Page Follows] 

  
 19 

 IN WITNESS WHEREOF, Employee and the Company each have caused this Agreement to be
executed and effective as of the Effective Date. 
  

					
	EMPLOYEE
	
	 /s/ Scott Sewell

	Scott Sewell
	
	CHARAH, LLC
		
	By:	 	 /s/ Steve Brehm

		 	Name:	 	Steve Brehm
		 	Title:	 	Vice President of Legal Affairs and Corporate Secretary
	
	Solely for purposes of Section 3(c):
	
	CHARAH SOLUTIONS, INC.
		
	By:	 	 /s/ Steve Brehm

		 	Name:	 	Steve Brehm
		 	Title:	 	Vice President of Legal Affairs and Corporate Secretary

 SIGNATURE PAGE TO 

AMENDED AND RESTATED EMPLOYMENT AGREEMENT 

 EXHIBIT A 

The following parishes within the State of Louisiana: 

Acadia, Allen, Ascension, Assumption, Avoyelles, Beauregard, Bienville, Bossier, Caddo, Calcasieu, Caldwell, Cameron, Catahoula, Claiborne, Concordia, DeSoto,
East Baton Rouge, East Carroll, East Feliciana, Evangeline, Franklin, Grant, Iberia, Iberville, Jackson, Jefferson, Jefferson Davis, Lafayette, Lafourche, LaSalle, Lincoln, Livingston, Madison, Morehouse, Natchitoches, Orleans, Ouachita,
Plaquemines, Pointe Coupee, Rapides, Red River, Richland, Sabine, St. Bernard, St. Charles, St. Helena, St. James, St. John, St. Landry, St. Martin, St. Mary, St. Tammany, Tangipahoa, Tensas, Terrebonne, Union, Vermilion, Vernon, Washington,
Webster, West Baton Rouge, West Carroll, West Feliciana, and Winn 

  
 EXHIBIT AExhibit 10.1

    

    

    

    
      SEPARATION AGREEMENT AND RELEASE

      

      

      This SEPARATION AGREEMENT AND RELEASE (“Agreement”) is made and entered into on this 10th day of June, 2019, by and between Paul Susie
        (“Employee”) and Severn Savings Bank, FSB (the “Bank” or “Company”).  Each may be referred to herein as a “Party” and, collectively, as the “Parties.”

      

      

      WHEREAS, Employee understands and agrees that the last day on which Employee will have actively performed Employee’s job duties for
        the Company was May 30, 2019;

      

      

      WHEREAS, Employee and Company desire to formalize the arrangements to which they have agreed regarding Employee’s separation from
        employment from the Bank;

      

      

      NOW, THEREFORE, in consideration of the mutual promises contained herein, and other good and valuable consideration, the adequacy of
        which are hereby acknowledged by the Parties, Employee and Company agree as follows:

      

      

      1.          Separation Payments.  The Company shall pay Employee separation pay in the amount of $50,188.68, which is the equivalent of 12 weeks of Employee’s gross wages, less any
          applicable tax withholdings, deductions authorized in writing by Employee, or as otherwise required by applicable law.  In addition, the Company shall pay Employee 162 hours of personal time off accumulated in the amount of $16,938.68 at such
          time as this Agreement shall become irrevocable.  The separation payments shall be made on the Company’s regularly scheduled pay dates, with the first payment commencing on the first regularly scheduled pay date that occurs at least five (5) days
          after this Agreement becomes effective, binding, and irrevocable, as provided in Section 15 below.  Each separation payment shall be made through normal payroll deposit, with the payment stub/receipt mailed to the home/mailing address the Bank
          has on file for Employee or any other address Employee provides to the Bank in writing.  During the period in which separation payments are made to Employee, Employee shall be eligible to continue to participate in the Bank’s benefit plans (e.g.,
          health insurance, 401k) on the same terms and conditions applicable to other similarly situated employees of the Bank, but Employee shall not be eligible to accrue any additional days of paid leave during the period in which separation payments
          are made.  Employee acknowledges that Employee would not be entitled to the separation payments (and remain eligible to participate in the Bank’s benefit plans) described herein, but for Employee’s agreement to the release contained in Section 2
          below and other consideration Employee has provided to the Bank as described herein.

       

      

      Notwithstanding the above, provided Employee is actively seeking full time employment, and further provided Employee cooperates with
        the Bank to assist the Bank in matters that Employee is familiar, after request by the Bank, the Employee shall receive the equivalent of additional separation pay (“Additional Pay”) until such time as Employee obtains employment, except that in no
        event shall the Additional Pay exceed $50,188.68, less any applicable tax withholdings, deductions, etc., all as above described.

      

      

      
        
          

      

      
      2.          General Release. Employee, for himself, Employee’s heirs, executors, administrators, personal representatives, successors, and assigns (individually and collectively, the
          “Releasing Parties”), hereby releases and forever discharges the Bank, its parent company, subsidiaries, and operating affiliates, and each of their current, former, and future directors, officers, employees, shareholders, agents, attorneys, and
          insurers, as well as each of the foregoing’s successors and assigns (individually and collectively, the "Released Parties"), from any and all claims, demands, causes of actions, damages, liabilities, obligations, or other legal responsibilities
          of any kind, whether known or unknown, in law or equity, based upon, arising out of, or related in any way to Employee’s employment with the Bank or the termination of that employment.

       

        

      (a)       The foregoing release
          includes, but is not limited to, any claims for: (i) compensation, wages, or other benefits; (ii) discrimination or retaliation (e.g., Title VII of the Civil Rights Act of 1964 as amended, Civil Rights Act of 1966, Americans With Disabilities
          Act, as amended, Equal Pay Act, as amended, Age Discrimination in Employment Act, as amended, and any comparable federal, state, or local statutes that prohibit any form of discrimination or retaliation); (iii) breach of express or implied
          contract or unjust enrichment; (iv) wrongful discharge, fraud, assault, battery, emotional distress, covenant of good faith and fair dealing, or any other tort theory;  (v) violation of any other federal, state or local law, regulation or public
          policy; and (vi) any other claim that arises out of or in any way relates to Employee’s employment relationship with the Bank or any Released Parties.

       

        

      (b)       Notwithstanding the
          foregoing, the release contained herein does not:  (i) apply to any benefit that vested with Employee prior to the effective date of this Agreement; (ii) preclude the Releasing Parties from pursuing a claim or instituting legal action to enforce
          the provisions of this Agreement; or (iii) preclude the Releasing Parties from filing a claim for unemployment, except to the extent that a claim for unemployment is barred or reduced as a result of the separation payments set forth herein.

       

        

      (c)     Notwithstanding the
          foregoing, the release contained herein does not preclude Employee from seeking the continuation or conversion of insurance coverage to the extent that the Bank’s insurance plans or applicable law provide for such continuation or conversion of
          coverage.

       

      

      3.           Covenant Not To Sue and Waiver of Relief.  Employee (on Employee’s own behalf and on behalf of the Releasing Parties) covenants that Employee has not filed and
          will neither file nor cause or permit to be filed on Employee’s behalf any demand for arbitration, lawsuit, or other legal proceeding against the Released Parties seeking equitable or monetary relief based upon, arising out of, or related in any
          way to any events that occurred up to and including the effective date of this Agreement, except to the extent that such a claim concerns a claim for unemployment benefits.  In the event that any person, organization, or other entity files or
          causes or permits to be filed a claim, charge, demand for arbitration, administrative proceeding, lawsuit, or other legal proceeding that is based upon, arising out of, or related in any way to any events that occurred up to and including the
          effective date of this Agreement (other than a claim for unemployment benefits), Employee (on Employee’s own behalf and on behalf of the Releasing Parties) shall not seek or accept any relief in such action.  Notwithstanding the foregoing,
          nothing in this Section shall preclude Employee from filing a charge of discrimination or cooperating with any investigation by an administrative agency to the extent that such cooperation is permitted by applicable law.

       

      

      
        2

        
          

      

      4.         Representations Regarding Rights Released and Status of Employment.  Employee represents and warrants that Employee has not assigned or otherwise transferred to any person or
          entity any claims released in this Agreement.  In connection with Employee’s search for new employment, Employee may represent to any person or entity that Employee is an employee or was employed by the Bank through the date this Agreement shall
          become irrevocable, but Employee may not represent or imply to any person or entity, or engage in any other act or omission that suggests, Employee is authorized to enter into any agreement or take any action that might bind the Bank to any
          contractual or other legal obligations commencing with the execution of this Agreement.

      

      

      5.          Nondisparagement.  Employee shall not make any unfavorable or disparaging communication concerning the Released Parties or any of the products or services they provide. 
          Employee shall cooperate with Company to provide any information related to Employee’s former duties and responsibilities upon request by the Company.

      

      

      6.           References.  In the event that Employee identifies the Bank as an employment reference, Employee shall direct any references to contact the Bank’s Vice
          President of Human Resources and the Bank shall in turn provide a neutral employment reference (i.e., positions held, dates of employment, and compensation).  If during the course of an employment reference the Bank is asked the circumstances
          regarding Employee’s departure from the Bank, the Bank will advise the inquiring person or entity that Employee resigned from employment to pursue other opportunities.

       

        

      7.         Confidentiality.  Employee shall not disclose the terms of this Agreement to any person or entity other than Employee’s counsel, immediate family, and tax advisors, provided
          that each person or entity to which a disclosure is made agrees prior to disclosure to abide by the confidentiality provisions contained herein.  Employee also shall maintain the confidentiality of the Bank’s trade secrets, proprietary
          information, and other confidential business information.  Employee understands that this contractual duty of confidentiality regarding the Bank’s trade secrets, proprietary information, and other confidential business information supplements,
          and does not supplant, the common law and statutory duties Employee owes the Bank to maintain the confidentiality of such information.

      

      

      8.          Return of Bank Property.  Employee shall return to the Bank no later than June 20, 2019, whether in hard copy or electronic form, all Confidential Business Information and other
          documents, materials, and equipment belonging to the Bank (hereinafter “Bank Property”).  Confidential Business Information shall include, but not be limited to, all trade secrets, processes, methods, passwords, practices, finances, operations,
          client information, pricing information, vendor information, marketing plans/strategies, business plans/strategies, know-how, and technology.  To the extent that any Bank Property exists in electronic form on a computer or in an email account or
          other electronic account accessible by Employee and not belonging to or controlled by the Bank, Employee represents and warrants that by June 20, 2019, all versions of electronic documents/information constituting Bank Property shall be
          deleted/destroyed and, to the extent that such electronic documents/information may be retrieved, restored, or otherwise accessed by forensic or other consultants, Employee shall not directly or indirectly retrieve, restore, or otherwise access
          such deleted electronic documents/information, whether with the assistance of a consultant or otherwise.  In the event that Employee gains access to or otherwise comes to possess any Confidential Business Information on or after June 20, 2019,
          the provisions of this Section 8 shall apply and be implemented no later than three days after Employee gains such access.

       

        

      
        3

        
          

      

      9.           Entire Agreement and Severability.  No addition, modification, amendment, or waiver or any part of this Agreement shall be binding or enforceable unless
          executed in a written document signed by both Parties.  The Parties acknowledge that this Agreement constitutes the entire agreement between them, superseding all prior written and oral agreements.  If any provision of this Agreement is held to
          be invalid, void, or unenforceable, said provision, and only the offending language of said provision, shall be severed from this Agreement, even if the offending language of said provision does not comprise an entire numbered section or even an
          entire sentence in a numbered section.  The remaining provisions of the Agreement shall remain in full force and effect, and shall be enforced to the extent permitted by applicable law in the event that any provision of this Agreement is severed.

      

      

      10.          Non-Admission.  The Parties agree that neither this Agreement nor the consideration given herein shall be construed as an admission of any wrongdoing or liability by the Bank or
          Employee, and that all such liability is expressly denied.  Furthermore, the Parties agree that neither Party shall be deemed a prevailing party by virtue of this Agreement.  Employee authorizes the Bank or its parent company to issue a Form 8-K
          stating that the Employee has no disagreement with the Company’s Management or Board of Directors.

      

      

      11.         Counterparts.  This Agreement may be executed in one or more counterparts, each of which shall be considered an original, but all of which together shall constitute one and the
          same instrument.

      

      

      12.          Subject Headings.  The subject headings of the sections of this Agreement are included solely for purposes of convenience and reference only, and shall not be deemed to explain,
          modify, limit, amplify or aid in the meaning, construction or interpretation of any of the provisions of this Agreement.

      

      

      13.          Successor and Assigns.  This Agreement shall be binding on the heirs, personal representatives, successors, and assigns of each Party.

       

        

      14.          Governing Law and Dispute Resolution.  This Agreement shall be governed by and construed in accordance with the law of the State of Maryland, without regard to any conflict of
          laws principles that would permit the laws of any other jurisdiction to apply.  Any dispute arising out of or relating to this Agreement must be brought in the Circuit Court of Maryland for Anne Arundel County or the United States District Court
          for the District of Maryland (Baltimore Division).  The Parties consent to personal jurisdiction and venue before such courts and the Parties waive any defense based on personal jurisdiction, venue, or forum nonconveniens before such courts.  In the event that Employee breaches the provisions of Section 5, or Section 8 of this Agreement, the Bank may terminate making any additional
          separation payments without any liability to Employee for failing to make such payments and Employee must refund to the Bank any separation payments Employee received, plus the Bank may recover from Employee any additional relief available under
          applicable law.

       

        

      
        4

        
          

      

      15.        Statutory Disclosures.  Employee represents that by signing this Agreement, Employee has carefully read the foregoing, has had sufficient opportunity to review and deliberate
          the foregoing with counsel of Employee’s own choosing, knows and understands the contents of this Agreement, and signs this Agreement as a free and independent act.  Employee hereby is specifically advised to consult with an attorney before
          executing this Agreement.  Employee acknowledges and agrees that no inducements, representations, or agreements have been made or relied upon to make this Agreement, except as expressly stated herein, and that Employee is waiving certain rights
          Employee might otherwise have had.

      

      

      
        
          	

                	(a)	
                  Employee was presented with this Agreement on May 30, 2019 and is being given twenty-one (21) calendar days from that date within which to consider accepting and
                    being bound by the terms of this Agreement.  Employee represents that Employee understands and acknowledges that Employee’s release and waiver of claims is exchanged for the separation payments described above in Section 1 and other
                    consideration described elsewhere in this Agreement, which Employee would not otherwise be entitled to receive from the Bank.

                

        

      

      

      

      
        
          	

                	(b)	
                  If Employee decides to accept the terms of this Agreement, Employee must execute the Agreement and provide it to the Bank on or before the close of business on
                    June 20, 2019.  Thereafter, Employee has seven (7) days to revoke the Agreement.

                

        

      

      

      

      
        
          	

                	(c)	
                  The entire Agreement shall become effective, binding, and irrevocable if the Bank does not receive written notice of Employee’s decision to revoke the Agreement
                    within seven (7) days of the date on which Employee provided a signed copy of the Agreement to the Bank (any notice concerning this Agreement should be sent to Severn Savings Bank, FSB, attn.:  Brooke Poindexter, 200 Westgate
                      Circle, Suite 200, Annapolis, Maryland 21041, or bpoindexter@severnbank.com).  The Bank shall release the separation payments
                    and other consideration to Employee in accordance with the terms of the Agreement after the revocation period lapses if Employee has not revoked the Agreement.

                

        

      

      

      

      
        
          	

                	(d)	
                  In the event that Employee executes this Agreement and then revokes Employee’s acceptance within seven (7) days of executing it, Employee shall return all copies
                    of the executed Agreement to the Bank, and the Agreement shall become null and void.

                

        

      

      

      

      
        5

        
          

      

      
        	
                SEVERN SAVINGS BANK, FSB

                

              	EMPLOYEE
	
                 

              	
                 

              	
                 

              
	By:	/s/Brooke Poindexter
                

              	 By: /s/Paul Susie
	
                 

              	Brooke Poindexter

              	

              	Paul Susie
	
                 

              	Vice President, Human Resources	
                 

              
	
                 

              	
                 

              	
                 

              
	Date: June 10, 2019	Date:  June 10, 2019

      

      

      

      

      6

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