Document:

Exhibit 10.1 

     

   
   

     

   
  Retirement Agreement

   
   

   
  I, Jeffry N. Quinn, (“I” or “me”), am voluntarily and knowingly entering into this Retirement Agreement (the “Agreement”) with Tronox
    Holdings plc and all of its parent, subsidiary and affiliated companies (collectively referred to hereinafter as “Tronox” or the “Company”).

   
   

   
  I hereby resign from my positions as Chief Executive Officer and as Chair and as a member of the Board of Directors (the “Board”) of
    Tronox effective as of March 18, 2021 (the “Retirement Date”) pursuant to the terms and conditions set forth herein and in the Retirement Benefits Letter attached hereto as Appendix A (the “Retirement Benefits Letter”).

   
   

   
  I voluntarily enter into this Agreement with a full understanding of its contents and legal effects, as follows:

   
   

   
  1.         In consideration for the benefits described in the Retirement Benefits Letter, I now and forever release and discharge Tronox and all of its
    past and present employees, officers, directors, stockholders, owners, representatives, assigns, attorneys, agents, insurers, auditors, consultants and any other persons acting by, through, under, or in concert with any of the persons or entities
    listed in this section (each a “Released Party” or, collectively, the “Released Parties”) from any and all claims, suits, demands, liabilities, causes of action, or complaints of any kind or nature, including those for attorneys’ fees, whether now
    known or unknown, suspected or unsuspected, which I may have had, or now have, against any of the Released Parties, which arise out of or are in any way connected with or are related to my employment with or my retirement from employment with any
    Released Party or Released Parties. This Agreement includes, but is not limited to, a waiver of all rights or claims I may have related to wrongful termination, breach of contract, impairment of economic opportunity, violation of public policy,
    intentional infliction of emotional harm, or any other common law or statutory contract or tort claims, the Age Discrimination in Employment Act of 1967, the Older Workers Benefit Protection Act, the Employee Retirement Income Security Act, 42 U.S.C.
    §§ 1981, 1983, and 1985, Title VII of the Civil Rights Act of 1964, the Americans with Disabilities Act, the Family and Medical Leave Act, the Equal Pay Act, the Worker Adjustment and Retraining Notification Act, the Uniformed Services Employment and
    Reemployment Rights Act, or any other federal or state statute, municipal ordinance or governmental regulation relating to discrimination in employment or any other aspect of the employment relationship. This Agreement also includes, but is not limited
    to, a waiver of all rights or claims I may have against any of the Released Parties arising under the laws of the United Kingdom or any other jurisdiction.  I understand that this Agreement is a bar against, and I am relinquishing my right to assert
    claims against the Released Parties arising under any of the foregoing laws.

   
   

   
  Examples of released claims include, but are not limited to: (i) claims that in any way relate to my employment with any of the
    Released Parties, or my retirement from that employment, such as claims for compensation, bonuses, commissions, restricted stock units or lost wages; (ii) claims that in any way relate to the design or administration of Tronox’s severance plan or any
    other employee benefit program; (iii) claims that I have irrevocable or vested rights to any severance benefits, post-employment health or group insurance benefits, or similar benefits (other than as described in the Retirement Benefits Letter); (iv)
    any claim, such as a benefit claim, that was explicitly or implicitly denied before I signed this Agreement; (v) any claim I might have for extra benefits as a consequence of payments I receive because of signing this Agreement, and (vi) any claim for
    attorneys’ fees except as may arise from my rights to indemnification set forth herein. The foregoing notwithstanding, nothing herein shall be deemed to waive, and released claims shall not include:  (i) my right to receive the payments and benefits
    described in the Retirement Benefits Letter, (ii) any vested benefit I have under any Tronox qualified or non-qualified retirement, welfare or other employee benefit plan, (iii) rights to indemnification from any Released Party, (iv) any rights under
    any directors and officers insurance policy maintained by any of the Released Parties or (v) any rights I may have as a shareholder of the Company.

   
   

     

   
  
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  2.          This

        Agreement does not waive any rights or claims that I may have that first arise after the date I sign this Agreement.

   
   

   
  3.         This

        Agreement does not waive any rights or claims that I may have to receive compensation for work-related injuries or illnesses under any workers’ compensation statute. This Agreement also does not in any way prohibit me from filing any complaint with
        or participating in any investigation conducted by any government agency (e.g., the Equal Employment Opportunity Commission, the Securities and Exchange Commission, the Department of Labor, etc.); provided, however, that I hereby agree not to seek
        or accept any monetary compensation, payment or awards (including, but not limited to, any whistleblower fees or awards) arising from or related to any such complaint or participation by me.

   
   

   
  4.          I
        understand that a Released Party will provide me with the payments and benefits set forth in the Retirement Benefits Letter. I further understand that I would not be eligible for any such payments and benefits but for my execution of and compliance
        with this Agreement and agreeing to all of the terms and obligations herein, as indicated by my signature below.

   
   

   
  5.         I
        understand that the payments and benefits provided in the Retirement Benefits Letter constitute a final accord and satisfaction of all sums of money and benefits due from any Released Parties in association with my retirement from employment,
        specifically including any amount which may be due under any written or oral employment agreement with a Released Party, and this Agreement waives all rights or claims, as set out in Paragraph 1 above, arising under my employment agreement dated
        March 28, 2019 (the “Employment Agreement”). I also understand that my signing this Agreement will terminate Tronox’s obligations under the Employment Agreement and under any other written or oral employment agreement and/or separation agreement
        between any Released Party and me. Any provisions of the Employment Agreement intended by the parties to survive after termination of my employment shall survive, according to the terms thereof, including, but not limited to, all of my obligations
        related to non-disclosure of confidential information, return of Company property, non-disparagement, non-competition and non-solicitation, and arbitration of disputes as set forth in my Employment Agreement.

   
   

   
  6.          To
        the fullest extent permitted by law, I waive and give up each and every right or benefit that I may have under common law or any statutory provision to limit the scope of the general release of claims that I provided pursuant to Paragraph 1 above.
        This includes the right to exclude from the general release any claims or facts that I do not know or suspect exist at the time of executing this Agreement and that, if I had known, materially would have affected this Agreement. This Agreement is
        effective and shall remain effective notwithstanding the discovery or existence of any such additional claims or facts.

   
   

   
  
    -2-

    
      

  

  7.         (a)          I shall not knowingly use or disclose to any third party any confidential information regarding the Released Parties, except as may otherwise be required by law. I understand that
      confidential information consists of any and all information not generally known to members of the public that I obtained or became aware of during my employment with a Released Party, or its predecessor, that is considered by the foregoing to be
      valuable or otherwise confidential. This restriction against the use or disclosure of confidential information shall apply for a period of ten (10) years, except with respect to confidential information that also constitutes trade secrets in which
      case this restriction against use or disclosure shall not be limited in duration. I agree that within one week of the Retirement Date, I will return to the General Counsel of Tronox any confidential information in my possession, custody or control
      and I shall not keep any copies (written, electronic or otherwise) of any such confidential information. Within one week of the Retirement Date, I also shall return to the General Counsel of Tronox all Tronox property in my possession, custody or
      control, including, but not limited to, all access cards, credit cards, electronic equipment, laptop computers, etc.

   
   

   
  (b)         I
        agree that I will not serve as a consultant or expert witness for any party asserting any claims against any of the Released Parties, whether such claims are asserted informally or through any formal judicial, arbitral, or similar such proceedings.
        I understand I am not prohibited from providing complete, responsive and truthful information to any government official or agency, to any court or responding to a valid subpoena. I agree, however, to give advance notice as soon as possible to the
        Released Parties before providing any such information or testimony.

   
   

   
  (c)         I
        agree I shall not willfully make any public statement or perform or do any other act that disparages or is prejudicial or injurious to the reputation or goodwill of or otherwise interferes with the business of Tronox.  Tronox agrees that the
        members of its Board and its officers shall not willfully make any public statement or perform or do any other act that disparages or is prejudicial or injurious to my reputation.  Notwithstanding the foregoing, nothing herein shall prevent any
        member of Tronox’s Board, any of its officers, or me from providing truthful information in any legal proceeding or as otherwise may be required by law.

   
   

   
  (d)         Tronox

        agrees that my retirement will be announced by Tronox by a press release and internal announcement that is reasonably acceptable to me.

   
   

   
  (d)         I
        agree that remedies at law for a breach or threatened breach of this Paragraph 7 would be inadequate. In recognition of this fact, I agree that, in the event of such a breach or threatened breach, in addition to any remedies at law, a Released
        Party or Parties, without posting any bond, shall be entitled to seek equitable relief in the form of specific performance, temporary restraining order, temporary or permanent injunction or any other equitable remedy that may then be available.

   
   

   
  (e)         I
        understand and agree that I shall not apply for employment with Tronox at any time in the future and that, should I apply for any such position, Tronox shall have no obligation to consider me for any position.

   
   

   
  (f)         Tronox

        agrees that upon twenty (20) days written notice, which notice may be delivered at any time within eighteen (18) months after the Retirement Date, it will arrange for the delivery of my personal property from my office and that which is displayed
        or stored at the Company’s New York offices including, but not limited to my artwork, furniture and oriental rugs, to a location in Miami, Florida that I designate in writing; provided that with respect to any documents that are physically located
        in my office, the Company shall have the right to make and retain copies of all such documents.  I shall pay for the cost of such delivery and the Company shall reimburse me for 50% of such cost upon my submission of proof of payment for same.  The
        Company will provide reasonable access to my representative (who shall be a person reasonably acceptable to the Company), or otherwise make reasonable arrangements, to enable me to ascertain that all of my personal property has been properly
        identified and delivered.

   

      

   
  
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  8.          I agree that the Company
      shall have the right either not to provide me with or, to the extent they already have been provided to me, to recover from me the RSU Clawback or the Full Clawback (as those terms are defined below) if there is a “Clawback Event” (as that term is
      defined below). For the purposes of this Agreement, a Clawback Event shall be defined to have occurred if, on or before March 31, 2023:  (a) I am arrested, charged or indicted for a felony related to conduct in which I allegedly engaged prior to the
      Retirement Date; (b) I am named as a defendant, respondent or otherwise as a party in any civil action or administrative proceeding filed or initiated by the Securities and Exchange Commission (the “SEC”) related to conduct in which I allegedly
      engaged prior to the Retirement Date; (c) the Board determines through a written resolution passed by at least two-thirds of the Company’s non-employee directors that I engaged in material wrongdoing related to my services as an officer or director
      of the Company, including, but not limited to, any such wrongdoing that may be alleged in connection with an (a) or (b) event above; or (d) the Board determines through a written resolution passed by at least two-thirds of the Company’s non-employee
      directors that I breached any of my material obligations under this Agreement and such breach is not cured (if curable as determined by the Board) within fifteen (15) days of my receipt of written notice from the Board.  If a Clawback Event occurs
      pursuant to (a) or (b) above, I no longer shall be entitled to receive the vesting of the RSUs as set forth in Paragraphs 3(b)(2)-(3) and 3(c)(2)-(3) of the Retirement Benefits Letter (collectively referred to as the “RSU Clawback”).  If a Clawback
      Event occurs pursuant to (c) or (d) above, regardless of whether or not a Clawback Event also has occurred under (a) or (b) above, I no longer shall be entitled to receive the 2020 AIP bonus set forth in Paragraph 1 of the Retirement Benefits Letter
      or the vesting of any of the RSUs as set forth in Paragraphs 3(a), 3(b)(1)-(3), 3(c)(1)-(3) and 3(d) of the Retirement Benefits Letter (collectively referred to as the “Full Clawback”). As of the date on which the Company signs this Agreement, it is
      not aware of any conduct by me that would trigger a Clawback Event pursuant to (c) or (d) above. In the event that I already have received some or all of the benefits subject to the RSU Clawback or the Full Clawback, I agree to repay such benefits to
      the Company within fifteen (15) days after receiving written notice from the Company of a Clawback Event (with such repayment regarding the RSUs being equal to the market value of the RSUs as of their respective vesting dates).  I shall have the
      right to dispute the alleged occurrence of a Clawback Event by providing a detailed written explanation as to my reasons for disputing the Clawback Event to the Board within fifteen (15) days of receiving written notice of a Clawback Event.  The
      Company then shall have the right to seek to recover the RSU Clawback or the Full Clawback (depending on the applicable Clawback Event) by filing an arbitration claim in accordance with Paragraph 21 of this Agreement, which incorporates by reference
      the Arbitration provision in my Employment Agreement.  Notwithstanding the foregoing, absent the occurrence of a Clawback Event under (c) or (d) above, I shall not be subject to a Clawback Event under (a) or (b) above if any and all criminal, civil
      and/or administrative proceedings against me are unconditionally dismissed with prejudice and without me entering into any non-prosecution agreement, deferred prosecution agreement, consent agreement, plea agreement, civil settlement or other similar
      negotiated resolution (regardless of whether I do or do not admit any wrongdoing, liability or guilt in any such agreement or resolution); provided, however, that any civil settlement or other similar negotiated resolution with the SEC regarding a
      matter described in clause (b) above  that does not involve material wrongdoing related to my services as an officer or director of the Company shall not be a Clawback Event unless the Board determines through a written resolution passed by at least
      two-thirds of the Company’s non-employee directors that such civil settlement or other similar negotiated resolution would have been reasonably likely to bring substantial public disgrace or disrepute to the Company if I had entered into it while
      serving as the Chief Executive Officer of the Company.

   

    

   
  
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  9.        Except to the extent otherwise
      set forth in Paragraph 3(e) of the Retirement Benefits Letter, I am responsible for paying any taxes on amounts I receive because I signed this Agreement and I agree that the Released Party making the payments set forth in the Retirement Benefits
      Letter is authorized to withhold all taxes it determines it is legally required to withhold. I also agree to indemnify and hold harmless Tronox from any tax liabilities, interest or penalties that may arise from any failure by me to pay any income
      taxes or other taxes arising from my receipt of any of the payments and benefits set forth in the Retirement Benefits Letter. The foregoing notwithstanding, Tronox agrees that it retains full responsibility for paying the employer’s portion of any
      payroll taxes arising from the payments and benefits set forth in the Retirement Benefits Letter.

   
   

   
  10.        I
        agree that for up to eighteen (18) months after the Retirement Date, I shall use my best efforts to consult with, cooperate with and provide reasonable assistance to Tronox in any internal or external investigation, arbitration, litigation,
        administrative proceeding, regulatory inquiry or other matter that relates to or arises from any of my work or knowledge on behalf of Tronox, including, but not limited to, in the matter of Tronox v. Venator. Such cooperation shall include, but not be limited to, conferring with Tronox’s senior executive personnel, ,members of its Board of Directors, its counsel and its other advisors, attending depositions, making
        court appearances, and providing other reasonable assistance in all such matters.  In connection therewith, Tronox agrees to compensate me for my time at the rate of $500/hour, to reimburse me for reasonable and necessary out-of-pocket expenses,
        such as travel, meals, or lodging and indemnify and hold me harmless for any liabilities I may incur as a result of such consultation, cooperation or assistance.

   
   

   
  11.        I
        understand and agree that the Company shall be required to disclose the terms and conditions of this Agreement, as well as a copy of this Agreement and of the Retirement Benefits Letter pursuant to the requirements of the United States securities
        laws and similar laws in other jurisdictions.  I further acknowledge and agree that the Released Parties and/or I may use this Agreement as evidence in any proceeding arising from or related to this Agreement.

   
   

   
  12.        My
        heirs, executors, administrators, legal representatives, successors and assigns, and the successors and assigns of the Company, shall be bound by this Agreement.

   
   

   
  13.        Except

        as indicated in the last sentence of Paragraph 5 above, this Agreement constitutes the full and complete agreement between the Released Parties and me. I understand that neither I nor any of the Released Parties is authorized to make any
        modifications to this Agreement, unless such modifications are in writing and signed by the same parties that sign this Agreement.

   
   

   
  14.        Nothing

        in the Retirement Benefits Letter or in this Agreement is intended by the Released Parties or me to imply that any party has done anything wrong.

   
   

   
  15.        If
        any provision of this Agreement is determined to be null, void, inoperative or unenforceable, the parties jointly request that such provision be deemed modified to the least extent necessary so as to render it legal and enforceable. To the extent
        that such modification cannot be accomplished, such provision shall be deemed to be stricken from this Agreement, the remaining provisions shall be considered separate from the stricken provision and the remaining provisions shall remain in full
        force and effect.

   
   

   
  16.        I
        have been advised to discuss this Agreement with an attorney of my choice, at my own expense, and I acknowledge that I have discussed this Agreement with my attorneys at the law firm of Fried Frank LLP.  I acknowledge that no one made any
        representations to me about the Retirement Benefits Letter or this Agreement other than as set forth in writing herein, and that I have read and understand the provisions of this Agreement. I knowingly and voluntarily sign this Agreement on the
        date set forth below.

   

      

   
  
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   17.       I acknowledge that the
      payments and benefits made available to me hereunder pursuant to the Retirement Benefits Letter are sufficient consideration for this Agreement.

   
   

   
  18.        I
        agree to withdraw or dismiss with prejudice all complaints, if any, that I have filed or may file against any Released Party with any court or in any other forum that are within the scope of claims released herein. I promise never to seek any
        damages, remedies or other relief for myself personally (any right to which I hereby waive) with respect to any claim released by this Agreement. I agree to pay the reasonable attorneys’ fees and any damages any of the Released Parties may incur as
        a result of my bringing an action against any Released Party based on a claim that was validly released under Paragraph 1 above.

   
   

   
  19.        I
        acknowledge that I have received at least twenty-one (21) days to consider this Agreement. I understand that I can timely accept this Agreement only by actual delivery of the signed Agreement in person, by mail or by email to Jeffrey Neuman,
        General Counsel, Tronox Holdings plc, 263 Tresser Blvd., Suite 1100, Stamford, CT 06901. In order to timely accept this Agreement, such delivery of my signed Agreement must occur at any time between the date on which I first received this Agreement
        and twenty-one (21) days thereafter.

   
   

   
  20.        I
        understand I may revoke this Agreement within seven (7) calendar days following the date on which I signed this Agreement (the “Revocation Period”), in which case I will not be entitled to receive the payments and benefits set forth in the
        Retirement Benefits Letter. This Agreement shall not be effective or enforceable until that seven (7) day period for revocation has expired. I understand that any revocation of this Agreement must be in writing and must be sent or delivered to
        Jeffrey Neuman, General Counsel, Tronox Holdings plc, 263 Tresser Blvd, Suite 1100, Stamford, CT 06901. To be effective, any revocation must be received by Jeffrey Neuman no later than 5:00 p.m. Eastern Time within seven (7) days following my
        execution of this Agreement (or if that day falls on a Saturday, Sunday or legal holiday, the next regular business day thereafter).  If no such revocation is received within such seven (7) day period, this Agreement shall be effective as of the
        eighth day after I sign it (or if that day falls on a Saturday, Sunday or legal holiday, the next regular business day thereafter) (the “Effective Date”).

   

      

   
  
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  21.     This Agreement shall be governed by and interpreted
      in accordance with Connecticut law. In the event of any dispute related to or arising from this Agreement, including, but not limited to, the Retirement Benefits Letter, such dispute shall be resolved pursuant to the arbitration provision set forth
      in my Employment Agreement, which hereby is incorporated herein by reference.

   
   

   
  PLEASE CAREFULLY READ THIS RETIREMENT AGREEMENT AS IT CONTAINS A GENERAL RELEASE OF ALL KNOWN AND UNKNOWN CLAIMS.

   
    

     

   
  Executed this 18th day of March, 2021

   
  

     

   
  
    	
            /s/ Jeffry N. Quinn

          	
             

          
	
            Jeffry N. Quinn

          	
             

          

  

   
   

     

   
  Executed this 18th day of March, 2021, on behalf of Tronox Holdings plc

   
   

   
  
    
      	
              /s/ Ilan Kaufthal

            	
               

            
	
              Ilan Kaufthal, Chairman of the Board

            	
               

            

    

  

   
  

     

   
  
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  Appendix A - Retirement Benefits Letter

   
   

   
  As consideration for the foregoing Retirement Agreement (the “Agreement”) that I have provided to Tronox Holdings plc and all of its
    parent, subsidiary and affiliated companies (collectively referred to hereinafter as “Tronox” or the “Company”)1, the Company and I agree as follows:

   
   

   
  1.       Annual Incentive Plan. The Company shall pay me a 2020 Annual Incentive Plan (“AIP”) bonus at  150% of Target, which amount shall be $2,062,500, less 50% of the cost of my 2020 use of the
        Company aircraft (50% of $183,288 = $91,644) and my personal expenses ($490), for a net payment of $1,970,366, prior to applicable tax withholdings and deductions. Such payment shall be made on the later of the date that 2020 AIP bonuses are paid
        to other executives of Tronox, or on the second business day after the Effective Date.

   
   

   
  2.          Long Term Incentive Plan. I shall not receive any Long-Term Incentive Plan (“LTIP”) Award for 2021.

   
   

   
  3.          Restricted Stock Unit Awards.  My Restricted Stock Unit (“RSU”) Awards shall vest as set forth below:

   
   

   
  	

           	(a)	
          2/8/18 RSU Grant – 30,239 time-based RSUs and 36,014
              performance RSUs shall vest on the second business day after the Effective Date.

        

   
    

     

   
  	

           	(b)	
          2/7/19 RSU Grant –

        

   
   

   
  	

           	1.	
          68,748 time-based RSUs shall vest on the second business day after the Effective Date;

        

    
  	

           	2.	
          all remaining time-based RSUs shall remain outstanding and shall vest on the date(s) specified in the award agreement for this grant;

        

    
  	

           	3.	
          a pro-rata portion of the 206,243 unvested TSR performance RSUs shall remain outstanding and shall be eligible to vest based upon the Company’s actual performance over the Measurement
            Period, with such pro-rata amount determined by multiplying the number of such TSR performance RSUs that are eligible to become vested on March 5, 2022 by a fraction, the numerator of which is the number of calendar days from the grant date to
            the Effective Date and the denominator of which is the number of calendar days from the grant date to the March 5, 2022 vesting date.  My retirement shall not accelerate the vesting of any such RSUs.

        

   
    

     

   
  	

           	(c)	
          2/6/20 RSU Grant –

        

   
   

   
  	

           	1.	
          92,592 time-based RSUs shall vest on the second business day after the Effective Date;

        

    
  	

           	2.	
          all remaining time-based RSUs shall remain outstanding and shall vest on the date(s) specified in the award agreement for this grant;

        

    
  	

           	3.	
          a pro-rata portion of the 138,889 unvested ORONA performance RSUs and of the 138,889 unvested TSR
              performance RSUs shall remain outstanding and shall be eligible to vest based upon the Company’s actual performance over the Measurement Period, with such pro-rata amount determined by multiplying the number of such ORONA and TSR performance
              RSUs that are eligible to become vested on March 5, 2023 by a fraction, the numerator of which is the number of calendar days from the grant date to the Effective Date and
              the denominator of which is the number of calendar days from the grant date to the March 5, 2023 vesting date.  My retirement shall not accelerate the vesting of any such RSUs.

        

   
   

  
    

    
      	
              1

            	
              All capitalized terms herein shall have the same meaning as such capitalized terms in the Retirement Agreement.

            

    

     

  

   
  
    A-1

    
      

  

  	

           	(d)	
          Integration Awards – 115,000 Integration RSUs granted on
              12/1/17 and 50,000 Integration RSUs granted on 7/2/18 shall vest on the second business day after the Effective Date.

        

   
   

   
  	

           	(e)	
          United Kingdom Tax Treatment - Consistent with past practice, I shall receive tax equalization from the Company for personal income taxes in the United Kingdom (“UK”) that become due
              and payable with respect to any of the Restricted Stock Unit Awards described in (a)-(d) above (the “RSU Awards”).  The Company shall determine the
              applicable United States withholding taxes on the RSU Awards, deduct this amount from the number of shares delivered to me upon vesting or settlement, and shall prepare and file on my behalf any submissions required to be made to the United
              Kingdom tax authorities and shall pay on my behalf any personal income taxes arising in the United Kingdom on the RSU Awards.  I understand and agree that I will review and approve, by signature or other means as required, the 2020/21 UK tax
              filing and the 2021/22 UK tax filing in a timely manner and in advance of the UK tax filing deadlines.  I understand and agree that, notwithstanding the foregoing, I solely shall be responsible for paying any taxes arising in the United
              States related to the  RSU Awards and all other payments and benefits received by me pursuant to this Retirement Benefits Letter.

        

   
   

   
  4.          Retirement Savings Plan. As of my Retirement Date, I am fully vested in my account balances in the Company’s 401(k) Plan and BRP Plan.  I shall not be eligible to receive or make any further
        contributions to these Plans on or after my Retirement Date. Distribution of my account balances shall be made in accordance with the terms of those plans.

   
   

   
  5.          Non-Qualified Deferred Compensation Plan. As of my Retirement Date, I am fully vested in my account balances in the Company’s Savings Restoration Plan.  Distribution of my account balance
        shall be made in accordance with the terms of that plan.

   
   

   
  6.          Employee Benefits and COBRA. After the Retirement Date, I no longer shall receive any employee benefits from the Company, except that the Company shall, following the Retirement Date, continue
        to provide medical and dental insurance coverage to me pursuant to COBRA on the same terms as an active employee until the earlier of: (a) my eligibility for medical and/or dental insurance through another employer; or (b) the  eighteen (18) month
        anniversary of my Retirement Date.

   
   

   
  7.          Clawback. I agree that certain of the benefits set forth herein shall be subject to the Clawback set forth in Paragraph 8 of my Retirement Agreement.

   
   

   
  8.          No Other Compensation or Benefits. I acknowledge and agree that, except as expressly provided in this Retirement Benefits Letter, or as otherwise required by applicable law, I shall not be
        entitled to receive any compensation, severance or other benefit from the Company other than as set forth in this Retirement Benefits Letter. Without limiting the foregoing, I specifically acknowledge and agree that I shall not be entitled to any
        compensation, severance or other benefit arising from my Employment Agreement, from the Company’s Severance Plan or from any other source except as enumerated above in this Retirement Benefits Letter.

   
   

   
  
    A-2

    
      

  

  9.          Advice of Counsel.  I acknowledge and agree that the Company has advised me to discuss this Retirement Benefits Letter with an attorney of my choice, at my own expense, and I acknowledge that
        I have discussed this Retirement Benefits Letter with my attorneys at the law firm of Fried Frank LLP.  I acknowledge that no one made any representations to me about this Retirement Benefits Letter other than as set forth in writing herein, and
        that I have read and understand the provisions of this Retirement Benefits Letter.  I knowingly and voluntarily sign this Retirement Benefits Letter on the date set forth below.

   
   

   
  Executed this 18th day of March, 2021

   
   

   
  
    
      	
              /s/ Jeffry N. Quinn

            	
               

            
	
              Jeffry N. Quinn

            	
               

            

    

  

     
  Executed this 18th day of March, 2021, on behalf of Tronox Holdings plc

   
   

   
  
    
      
        	
                /s/ Ilan Kaufthal

              	
                 

              
	
                Ilan Kaufthal, Chairman of the Board

              	
                 

              

      

    

  

   
  

     

   

  
   A-3Exhibit 10.2

      

       

      

      CO-CHIEF EXECUTIVE OFFICER

      EMPLOYMENT AGREEMENT

      

      

      This CO-CHIEF EXECUTIVE OFFICER EMPLOYMENT AGREEMENT (the “Agreement”)
        is entered into as of this 18th day of March 2021 (the “Effective Date”) by and between Tronox Holdings plc (together with its successors and assigns, the “Company”), and John D. Romano, an individual (the “Executive” or “you”).

      

      

      WHEREAS, you are currently employed as the Interim Co-Chief Executive Officer of the Company pursuant to a
        Letter Appointment dated December 27, 2020 and an Amended and Restated Employment Agreement dated December 23, 2014 (collectively the “Prior Employment Agreement”); and

      

      

      WHEREAS, you and the Company desire to terminate the Prior Employment Agreement and to enter into this
        Agreement to set out the terms and conditions for the continued employment relationship between you and the Company.

      

      

      NOW, THEREFORE, in consideration of the mutual covenants and agreements set forth herein and for other good
        and valuable consideration, the receipt and sufficiency of which hereby are acknowledged, the parties hereto agree as follows:

      

      

      1.            Start Date.  Your new position with the Company as described in this Agreement will be effective as of the Effective Date.

      

      

      2.            Place of Employment.  During your employment pursuant to this Agreement, you may maintain your personal residence at a location of your own choice and work from such location, provided that:  (i) you are present at the Company’s corporate headquarters, currently located at One Stamford Plaza, 263 Tresser Boulevard, Stamford, Connecticut 06901 (the “Corporate
            Headquarters”), and/or at the Company’s offices in New York City (the “NYC Office”), as necessary or advisable to effectively manage and execute the business of the Company; and (ii) subject to paragraph 31, you bear all responsibility for
            personal income taxes in connection with your personal residence decisions.

      

      

      3.          Position and Duties.  You will be employed by the Company as its Co-Chief Executive Officer, and together with the other Co-Chief Executive Officer, you will serve as the most senior
            executive officers of the Company, reporting directly to the Board of Directors of the Company (the “Board”). You will have the normal duties, responsibilities and authority implied by
            such position, subject to the power of the Board to expand such duties or limit such duties (subject to your rights as set forth in this Agreement, including your right to resign for Good Reason as set forth herein).  The Board will elect you
            as a member of the Board as soon as it can do so subject to ensuring that a majority of the members of the Board meet the independence rules of the New York Stock Exchange.  In addition, the Company and the Board shall take such action as may
            be necessary or appropriate to nominate you for re-election as a member of the Board at the expiration of the then current term. Notwithstanding the foregoing, if you are requested to resign from the Board at any time, you agree to do so
            immediately upon receiving such a written request from the Chair of the Board or the Lead Director as the case may be.

            

          

      
        
          

      

      4.            Exclusive Service.  You will devote your work time, efforts and attention to the business and affairs of the Company; provided
            that you may serve on the boards of directors of philanthropic or civic organizations and on the board of directors of one for-profit company; provided such service or participation
            does not interfere with your employment or duties under this Agreement and that you have advised the Board prior to commencing and the Board has consented in writing (which consent shall not be unreasonably withheld or delayed) to such outside
            activities.

      

      

      5.            Termination of Prior Employment Agreement.  Upon the Effective Date of this Agreement, it shall supersede and replace your Prior Employment Agreement, which shall be of no further
            force or effect.  Notwithstanding the foregoing, within ten (10) business days of the Effective Date, the Company shall pay you the one-time special bonus of $500,000 as set forth in paragraph (b) of your Letter Appointment dated December 27,
            2020.

      

      

      6.            Base Salary.  During your employment pursuant to this Agreement, the Company will pay you a base salary at a rate of no less than $900,000/year, which amount may be increased (but
            not decreased) from time to time by the Human Resources and Compensation Committee of the Board (the “HRCC”) (the annual base salary as increased from time to time, the “Annual Base Salary”). The Annual Base Salary will be payable in accordance with the Company’s normal payroll practices, with such deductions and withholdings as are required by law.

      

      

      7.            Bonus.  During your employment pursuant to this Agreement, you will be eligible to receive a cash bonus under the Company’s Annual Incentive Plan (“AIP”) or other similar bonus plan adopted by the Board or the HRCC (an “Annual Bonus”) in an amount targeted on an annual basis at no less than 100%
            of your Annual Base Salary (or such higher amount for any fiscal year as may be determined by the HRCC from time to time) (the “Target Bonus”), with a maximum Annual Bonus opportunity
            of up to 200% of the Target Bonus, in each case, based upon your and/or the Company’s attainment of one or more objective performance criteria established in writing by the Board or HRCC. The Company will pay your Annual Bonus, if any, in the
            year following the year to which such Annual Bonus relates at the same time such AIP bonuses are paid to similarly situated executives of the Company.  If terminated for Cause, the Annual Bonus shall not be deemed to be earned until the date on
            which it is paid by the Company.

      

      

      8.            Long-Term Incentive Compensation.  During your employment pursuant to this Agreement, you will be eligible to receive an annual grant of long-term compensation under the Company’s
            Management Equity Incentive Plan. Your aggregate 2021 Long Term Incentive Plan (“LTIP”) grant, including all such grants provided pursuant to your Prior Employment Agreement, shall be
            $2,200,000. Your annual grant will be made to you at the same time that other executives of the Company receive their LTIP grants, and it will be made in a form and on terms no less favorable than LTIP grants made to other executives of the
            Company.

       

          

      
        
          

      

      9.            Employee Benefits.  You shall be eligible to participate in all employee benefit plans and arrangements, including, but not limited to, medical, dental, vision, life insurance and
            disability insurance benefits and arrangements and 401(k) plan, as are made available by the Company to its other senior executives, subject to the terms and conditions thereof. In addition, to the extent applicable, you will be entitled to
            participate in the Company’s relocation program on a basis that is no less favorable to you than any other participant (current or former) in such program.

      

      

      10.          Vacation.  You will be entitled to paid vacation and holidays pursuant to the terms of the Company’s vacation policy as may be in effect from time to time, but in no event less
            than five weeks of paid vacation per calendar year.

       

          

      11.          Financial Advisory Services.  The Company will provide you with a stipend of $10,000 annually toward the cost of personal financial advisory or tax preparation services.

      

      

      12.          Business Expenses.  You will be reimbursed for all out-of-pocket business, travel, marketing, entertainment and other similar expenses reasonably incurred in the performance of
            your duties on behalf of the Company following presentation by you of reasonable substantiation of such expenses.

      

      

      13.          Termination and Change in Control.

      

      

      	

            	a.	
              Termination for Any Reason.  Upon termination of your
                  employment with the Company for any reason, you will receive payment for any unpaid Annual Base Salary through the date of termination; any Annual Bonus earned but unpaid with respect to a performance period ending on or preceding the
                  date of termination; reimbursement for any unreimbursed business expenses incurred through the date of termination; payment for any accrued but unused vacation time and sick time;  and all other vested payments, benefits or fringe
                  benefits to which you may be entitled under the terms of any applicable compensation arrangement or benefit, equity or fringe benefit plan or program or grant or this Agreement (collectively the “Accrued Benefits”).

            

       

      

      
        
          

      

      	

            	b.	
              Termination Without Cause or Resignation for Good Reason Prior to a Change in Control.  Except as provided in the paragraph immediately below, if your employment with the Company is terminated without Cause or you resign for Good Reason, in addition to the Accrued Benefits, the Company will pay or
                  provide you with the following: (i)(A) an aggregate dollar amount equal to the product of (x) 2.0 multiplied by (y) the sum of (I) your Annual Base Salary in effect immediately prior to your termination of employment or the occurrence of
                  Good Reason (whichever is higher) plus (II) the Target Bonus, payable in cash in equal installments over the 24 month period immediately following the date of termination of employment; (B) reimbursement (on an after-tax basis) of all of
                  your premiums for continuing your health care coverage and the coverage of your dependents who are covered at the time of your termination or resignation, under the applicable provisions of the Consolidated Omnibus Budget Reconciliation
                  Act of 1985 (COBRA) for a period ending on the earlier of the date that is eighteen (18) months after the date of termination or resignation or the date on which you become eligible to be covered by the health care plans of another
                  employer (“COBRA Continuation”); (C) a pro-rata portion of your Annual Bonus for the fiscal year in which your termination occurs based on actual results for such year
                  (determined by multiplying the amount of such bonus which would be due for the full fiscal year by a fraction, the numerator of which is the number of days during the fiscal year of termination that you are employed by the Company and the
                  denominator of which is 365), payable at the same time bonuses for such year are paid to other senior executives of the Company (the “Pro-Rata Bonus”) (collectively, “Severance Payments”) and (ii) with respect to any unvested equity-based incentive awards, such awards shall continue to be governed by the terms of the applicable plan and award
                  agreement under which they were granted; provided that, to the extent such terms or concepts are included in any such plan or award agreement, the definitions of “Cause” and
                  “Good Reason” set forth herein shall apply and control. The Company’s obligation to make Severance Payments is conditioned upon your execution and delivery of the Release (as defined herein). The Company will commence payment (or
                  reimbursement) of the Severance Payments 60 days following the date of termination of your employment, provided that prior to such date, the Release has become effective in
                  accordance with its terms. The first payment will include a catch-up payment covering the amount that would have otherwise been paid during the period between the date of your termination of employment and the first payment date but for
                  the application of the preceding sentence, and the balance of the installments will be payable in accordance with the schedule set forth herein. In the event of your death prior to payment in full of the Severance Payments, the Company
                  shall pay your estate the remaining unpaid Severance Payments.

            

       

      

      
        
          

      

      	

            	c.	
              Termination Following a Change in Control.  If, at any
                  time during the 90 day period preceding, or 24 month period following, a Change in Control, your employment with the Company is terminated without Cause or you resign for Good Reason, in addition to the Accrued Benefits, the Company will
                  pay or provide you with the following: (i)(A) an aggregate dollar amount equal to the product of (x) 3.0 multiplied by (y) the sum of (I) your Annual Base Salary in effect immediately prior to your termination of employment or the
                  occurrence of Good Reason (whichever is higher) plus (II) the Target Bonus, payable as follows: (1) if the Change in Control is also a “change in control event” for purposes of Code Section 409A, the amount in this clause (i)(A) will be
                  paid in a single lump sum within the 60-day period following the date your employment ends (or if later, the date of such Change in Control) or (2) if the Change in Control does not constitute a “change in control event” for purposes of
                  Code Section 409A, the amount in this clause (i)(A) will be paid in equal installments over the 24 month period immediately following the date of termination of employment; (B) COBRA Continuation; (C) the Pro-Rata Bonus (collectively, “CIC Severance Payments”) and (ii)(A) with respect to any unvested equity-based incentive awards subject to time-based vesting, you will immediately become fully vested in, and all
                  options shall immediately become exercisable or cash or shares will be immediately settled or distributed with respect to, all such awards, and (B) with respect to any unvested equity-based incentive awards subject to performance-based
                  vesting, you will vest in, and options shall become exercisable, or cash or shares will be settled or distributed, assuming performance at target levels applicable to all such awards had been achieved (regardless of actual performance)
                  (collectively, “CIC Equity Vesting”). The Company’s obligation to make CIC Severance Payments or provide the CIC Equity Vesting is conditioned upon your execution and delivery of
                  the Release. To the extent any equity grant agreement or other agreement between the Company and you contains provisions accelerating the vesting of unvested equity awards upon a Change in Control (or similar term) or termination of your
                  employment without Cause or a resignation for Good Reason that are more favorable to you than the CIC Equity Vesting, then the vesting provisions of such equity grant or other agreement will govern. The Company will commence payment (or
                  reimbursement, to the extent required by Code Section 409A) of the Severance Payments 60 days following the date of termination of your employment, provided that prior to such
                  date, the Release has become effective in accordance with its terms. The first payment will include a catch-up payment covering the amount that would have otherwise been paid during the period between the date of your termination of
                  employment and the first payment date but for the application of the preceding sentence, and the balance of the installments will be payable in accordance with the schedule set forth herein. In the event of your death prior to payment in
                  full of the CIC Severance Payments, the Company shall pay your estate the remaining unpaid CIC Severance Payments. In no event shall you be obligated to seek other employment or take any other action by way of mitigation of the amounts
                  payable to you under any of the provisions of this Agreement, nor shall the amount of any payment hereunder be reduced by any compensation earned by you as a result of employment by a subsequent employer, except to the limited extent
                  provided with respect to COBRA Continuation.

            

       

      

      
        
          

      

      14.          No Excise Tax Gross-Up; Possible Reduction in Parachute Payments.  Notwithstanding any restrictions set forth in any Company plan or arrangement, if any portion of your Severance
            Payments, CIC Severance Payments, Equity Vesting, CIC Equity Vesting or any other payments in the nature of compensation provided to you (each, a “Payment”) constitutes “parachute
            payments” within the meaning of Section 280G of the Code and, but for this subsection, would be subject to the excise tax imposed by Section 4999 of the Code (the “Excise Tax”), then
            your Payments will be payable either in full or in such lesser amount as would result, after taking into account the applicable federal, state and local income taxes and the Excise Tax, in your receipt on an after-tax basis of the greater
            amount of Payments. Any reduction in the Payments pursuant to the preceding sentence shall be effected first by reducing or eliminating Severance Payments or CIC Severance Payments, as applicable, and then by reducing or eliminating the Equity
            Vesting or CIC Equity Vesting, and then by reducing other compensation and benefits. Such reductions shall be allocated pro rata between amounts that are subject to Section 409A of the Code and amounts that are not subject to Section 409A of
            the Code. Any determination required under this section shall be made in writing by the Company’s independent public accountants (the “Accountants”), whose determination shall be
            conclusive and binding upon you and the Company for all purposes. For purposes of making the calculations required by this section, the Accountants may make reasonable assumptions and approximations concerning applicable taxes and may rely on
            reasonable, good faith interpretations concerning the application of Sections 280G and 4999 of the Code. The Company and you shall furnish to the Accountants such information and documents as the Accountants may reasonably request in order to
            make a determination under this section. The Company shall bear all costs and fees of the Accountants in connection with any calculations contemplated by this section. No less than five days prior to a change in ownership, the Company shall
            provide you, or permit the Accountants to provide you, with all calculations and supporting documentation related to the determination of the Excise Tax. The Company’s obligations under this section shall survive your termination of employment.

      

      

      15.          Indemnification.  If you are made or threatened to be made a party to or a participant in any actual, threatened, pending, or completed action, claim, or proceeding of any type,
            the Company shall indemnify, defend, and hold you harmless to the fullest extent authorized or permitted by applicable law, by its Certificate of Incorporation, and by its By-Laws, as the foregoing may be amended from time to time, and
            including any and all expenses (including, without limitation, advancement and payment of attorneys’ fees) and losses arising out of or relating to any of your actual or alleged acts, omissions, negligence or active or passive wrongdoing,
            including the advancement of expenses you incur. In addition, without limiting the foregoing, the Company shall provide you with indemnification protection under any separate written indemnification agreement entered into with executives and
            directors of the Company on terms no less favorable than provided to any other Company executive officer or director. Further, in the event you prevail on any material issue in connection with any controversy, dispute or claim which arises out
            of or relates to this Agreement, any other agreement or arrangement between you and the Company, your employment with the Company, or the termination thereof, then the Company shall reimburse you (and your beneficiaries) for any and all costs
            and expenses (including without limitation attorneys’ fees) incurred by you (or any of your beneficiaries) in connection with such controversy, dispute or claim. In addition, during your employment with the Company and while potential liability
            exists (but in no event less than six years thereafter), the Company or any successor to the Company shall purchase and maintain, at its own expense, directors’ and officers’ liability insurance providing coverage to you on terms that are no
            less favorable than the coverage provided to other directors and officers of Company.

       

          

      
        
          

      

      16.          Confidential Information; Work Product.

      

      

      	

            	a.	
              Definition of Confidential Information.  As used in this
                  Agreement, “Confidential Information” includes, but is not limited to, any type of trade secret or other information, whether in hard-copy or electronic format or communicated
                  orally, relating to the business of the Company that you acquire or have acquired through employment with the Company, and that has value such that the Company designates or treats the information as confidential through its policies,
                  procedures and/or practices. Confidential Information is limited to information that is not generally known to competitors or that is not in the public domain through lawful means. Confidential Information does not include information
                  that has been voluntarily disclosed to the public by the Company (except where such public disclosure has been made in breach of a duty of confidentiality); information known to you prior to first receipt of or access to such information
                  in the course of your employment with the Company; or information that has been independently developed and disclosed by, or rightfully received by you outside the course of your employment with the Company from, a third party who does
                  not owe the Company, as applicable, a duty of confidentiality with respect to such information. Subject to the foregoing, examples of Confidential Information include, without limitation, the following: (i) any files, lists or other
                  information relating to customers; (ii) non-published pricing and financial information and data; (iii) strategic, marketing and research information including, without limitation, business plans, strategies and market research data; (iv)
                  technical information including, without limitation, software, source code, object code and other non-public intellectual property; and (v) product research and development including, without limitation, testing data, formulas, products
                  in development and all other research data.

            

      

      

      	

            	b.	
              Non-Disclosure of Confidential Information.  You
                  acknowledge that the Company has spent considerable time, effort and expense developing its Confidential Information and has taken reasonable measures to protect its secrecy. You therefore acknowledge and agree that you will not, except
                  in the normal course of your duties on behalf of the Company, disclose or use, or enable anyone else to disclose or use, either during your employment with the Company or at any time subsequent thereto, any Confidential Information
                  without prior written approval from the Company.

            

      

      

      	

            	c.	
              Return of Company Property.  You agree that all
                  documents and other materials of any kind pertaining to the business of the Company (including Confidential Information in any format) in your possession at any time during your employment are and shall be the property of the Company and
                  that all such property, including all copies thereof and all such information contained on your personal computer(s), your personal smart phone, your other personal devices, or any other storage devices (electronic or otherwise) shall be
                  surrendered by you to the Company upon the Company’s request from time to time during your employment, and with or without request upon, or within a reasonable period following, the termination of your employment.

            

       

      

      
        
          

      

      17.          Ownership of Property.  You acknowledge that all discoveries, concepts, ideas, inventions, innovations, improvements, developments, methods, processes, programs, designs,
            analyses, drawings, reports, patent applications, copyrightable work and mask work (whether or not including any confidential information) and all registrations or applications related thereto, all other proprietary information and all similar
            or related information (whether or not patentable) that relate to the Company’s actual or anticipated business, research and development, or existing or future products or services and that are conceived, developed, contributed to, made or
            reduced to practice by you (either solely or jointly with others) while employed by the Company (including any of the foregoing that constitutes any proprietary information or records) (“Work
                Product”) belong to the Company and you hereby assign, and agree to assign, all of the above Work Product to the Company. Any copyrightable work prepared in whole or in part by you in the course of your work for any of the
            foregoing entities shall be deemed a “work made for hire” under the copyright laws and the Company shall own all rights therein. To the extent that any such copyrightable work is not a “work made for hire,” you hereby assign and agree to assign
            to the Company all right, title, and interest, including without limitation, copyright in and to such copyrightable work. You understand, however, that there is no obligation being imposed on you to assign any invention falling within the
            definition of Work Product for which no equipment, supplies, facility, or trade secret information of the Company was used and that was developed entirely on your own time, unless (i) such Work Product relates (a) to the Company’s businesses or
            (b) to the Company’s actual or demonstrably anticipated research or development, or (ii) the Work Product results from any work performed by you under this Agreement.

      

      

      18.          Non-Disparagement.  You agree that you will not at any time make, publish or communicate to any person or entity or in any public forum any defamatory or disparaging remarks,
            comments, or statements concerning the Company, other than in the performance of your duties for the Company. The Company and its respective officers and directors, respectively, agree that it and they will not at any time make, publish or
            communicate to any person or entity or in any public forum any defamatory or disparaging remarks, comments, or statements concerning you. The foregoing shall not be violated by truthful statements in response to legal process, required
            governmental testimony or filings, or administrative or arbitral proceedings (including, without limitation, depositions in connection with such proceedings).

      

      

      19.          Non-Competition.  You covenant and agree that at all times during your employment by the Company and for a period of 24 months following termination of your employment for any
            reason or no reason, you shall not, directly or indirectly, individually or jointly, own any interest in, operate, or participate as a partner, advisor, board member, director, principal, officer or agent of, enter into the employment of, act
            as a consultant to, or perform any services for any person or entity (other than the Company), that engages in the Business in the Restricted Area (as those terms are defined herein). Notwithstanding anything herein to the contrary, this
            section shall not prevent you from owning not more than five percent (5%) in the aggregate of any class of equity of any company if such equity is publicly traded and listed on any national or regional stock exchange. In addition, the
            provisions of this section shall not be violated by you commencing employment with a subsidiary, division or unit of any entity that engages in the Business so long as you and such subsidiary, division or unit do not engage in the Business.

       

          

      
        
          

      

      20.          Non-Solicitation.  During your employment by the Company and for a period of 24 months following termination of your employment for any reason or no reason: (a) you, except as
            part of your duties to the Company, shall not directly or indirectly, for your own benefit or on behalf of any other person or entity, for the purpose of entering into a Restricted Transaction, solicit, call on, service or enter into any
            agreement with any customer with whom the Company did any business within the 12 month period preceding the termination of your employment with the Company, and with whom you had contact for the purpose of a Restricted Transaction, for whom you
            had supervisory responsibility or about whom you had access to and used Confidential Information; (b) you shall not, directly or indirectly, for your own benefit or on behalf of any other person or entity, solicit, induce or encourage any
            employee of the Company with whom you had material contact to leave such employee’s employment with the Company or to cease such employee’s relationship with the Company; and (c) you shall not, directly or indirectly, for your own benefit or on
            behalf of any other person or entity encourage (or assist another in encouraging) any supplier, business partner, or vendor of the Company with whom you had any contact on behalf of the Company within the last 12 months of your employment with
            the Company to terminate or diminish its relationship with the Company. For purposes of this section, “Restricted Transaction” means the marketing, selling and/or providing of products
            or services of the type marketed, sold, actively developed or provided by the Company during the 12 month period prior to the termination of your employment. Notwithstanding the foregoing, the provisions of this section shall not be violated by
            (a) general advertising or solicitation not specifically targeted at Company-related persons or entities, (b) you serving as a reference, upon request, for any employee of the Company, or (c) actions taken by any person or entity with which you
            are associated if you are not personally involved in any manner in the matter and have not identified such Company-related person or entity for soliciting or hiring.

      

      

      21.          Enforcement.  You agree and acknowledge that the Restrictive Covenant Provisions do not preclude you from earning a livelihood, nor do they unreasonably impose limitations on your
            ability to earn a living. You acknowledge that you have carefully read this Agreement and have given careful consideration to the restraints imposed on you by this Agreement, and you are in full accord as to their necessity for the reasonable
            and proper protection of confidential and proprietary information of the Company now existing or to be developed in the future. You expressly acknowledge and agree that each and every restraint imposed by this agreement is reasonable with
            respect to subject matter, time period and geographical area. In the event you breach any provision hereof, the Company shall be entitled to entry of an injunction prohibiting the same, in addition to any other remedy or relief that may be
            available to the Company at law or in equity. If you breach any provision herein, the time periods relating to the restrictions in the Restrictive Covenant Provisions shall be extended for a period of time equal to that period of time during
            which you are determined to be in breach.

       

          

      
        
          

      

      22.          Definitions.

      

      

      	

            	a.	
              “Business” means the business of (i) developing, acquiring, managing, producing, marketing, providing and selling
                titanium ore and titanium dioxide and (ii) mining and beneficiating mineral sands.

            

      

      

      	

            	b.	
              “Cause” means (i) the arrest, indictment, conviction or plea of guilty or no contest for any felony or any
                misdemeanor involving acts of dishonesty or moral turpitude which in the estimation of the Board, acting reasonably, would disqualify you from serving as an executive officer of the Company; (ii) the willful commission of an act involving
                misappropriation, embezzlement or fraud which involves a material matter with respect to the Company or any of its customers or suppliers; (iii) substantial and repeated failure to perform duties of the office you hold as reasonably
                directed by the Board; (iv) gross negligence or willful misconduct with respect to the Company that is or could reasonably be expected to be harmful to the Company in any material respect; (v) willful conduct bringing the Company into
                substantial public disgrace or disrepute, and (vi) any material breach by you of this Agreement or any of the Company’s material policies. Any determination of Cause by the Company will be made by a resolution approved by a two-thirds
                majority of the members of the Board, provided that no such determination of Cause may be made until you have been given written notice detailing the specific Cause event (which
                such notice must be provided to you within 30 days of the occurrence of the alleged event constituting Cause), and you have been given a period of at least 30 days following receipt of such notice to cure such event (if susceptible to
                cure). To the extent an event is not so cured or deemed not susceptible to cure, the Board shall provide you with an opportunity on at least ten days advance written notice to appear (with legal counsel) before the full Board to discuss the
                specific circumstances alleged to constitute a Cause event. For purposes of this definition, an act, or a failure to act, shall not be deemed willful or intentional, as those terms are defined herein, unless it is done, or omitted to be
                done, by you in bad faith or without a reasonable belief that your action or omission was in the best interest of the Company.

            

      

      

      	

            	c.	
              “Change in Control” means a “Change of Control” as that term is defined in the Tronox Holdings plc Management Equity
                Incentive Plan, as amended, as in effect on the date hereof.

            

      

      

      	

            	d.	
              “Code” means the Internal Revenue Code of 1986, as amended.

            

       

      

      
        
          

      

      	

            	e.	
              “Good Reason” means (i) a reduction in your Annual Base Salary, (ii) a diminution in your title or a diminution in
                your duties or responsibilities inconsistent with your position including without limitation being asked to resign as a member from the Company’s Board of Directors (but, excluding an individual event resulting in a de minimis diminution in
                your duties or responsibilities), provided, however, that if you provide notice of resignation after such a diminution in your title, duties or responsibilities, you agree to provide the Company with continued service in a professional and
                capable manner for a period of up to six months after such notice (although such period may be reduced in the discretion of the Company), (iii) a material breach of this Agreement by the Company or a material breach by the Company of
                another material agreement between you and the Company, or (iv) the failure of the Company to obtain the assumption (by operation of law, the continuation of the corporate existence of the Company or otherwise) of this Agreement or
                substitution of a substantially similar agreement by any successors in a Change of Control, in each case without your prior written consent; provided that you must deliver written
                notice of your resignation to the Company within 90 days of your actual knowledge of any such event, the Company must be provided at least 30 days during which it may remedy the condition and you must terminate your employment within six
                months of the initial occurrence of Good Reason in order for such resignation to be with Good Reason for any purpose hereunder (except as set forth in (ii) above).

            

      

      

      	

            	f.	
              “Person” means an individual, a partnership, a limited liability company, a corporation, an association, a joint
                stock company, a trust, a joint venture, an unincorporated organization, investment fund, any other business entity and a governmental entity or any department, agency or political subdivision thereof.

            

      

      

      	

            	g.	
              “Release” means an agreement executed by you in a form mutually agreeable between you and the Company that contains:
                (i) an acknowledgement by the Company that it does not know (upon reasonable diligence) of any claims against you and (ii) a general release and waiver by you of any and all claims against the Company; provided that the Release shall specifically exclude: (a) any right to the benefits, including, without limitation, any severance benefits, to which you are entitled under this Agreement, (b) any claim relating to
                directors’ and officers’ liability insurance coverage or any right of indemnification under the Company’s or its affiliates’ organizational documents, applicable law or otherwise, (c) any rights you may have as a member or holder of equity
                or other securities of the Company or its affiliates, and (d) any rights or entitlements under any applicable sale or transaction agreement. For the sake of clarity, the Company may require that you re-affirm in the Release the Restrictive
                Covenants set forth herein, but the Company may not impose additional restrictive covenants on you.

            

      

      

      	

            	h.	
              “Restricted Area” means each country throughout the world in which the Company conducts the Business.

            

       

      

      
        
          

      

      	

            	i.	
              “Restrictive Covenants” means, collectively, the sections of this Agreement captioned “Confidential Information;
                Work Product;” “Ownership of Property;” “Non-Disparagement;” “Non-Competition;” and “Non-Solicitation.”

            

      

      

      	

            	j.	
              “Subsidiary” means, with respect to any Person, any corporation, limited liability company, partnership,
                association, or business entity of which (i) if a corporation, a majority of the total voting power of shares of stock entitled (without regard to the occurrence of any contingency) to vote in the election of directors, managers, or
                trustees thereof is at the time owned or controlled, directly or indirectly, by that Person or one or more of the other Subsidiaries of that Person or a combination thereof, or (ii) if a limited liability company, partnership, association,
                or other business entity (other than a corporation), a majority of partnership or other similar ownership interest thereof is at the time owned or controlled, directly or indirectly, by that Person or one or more Subsidiaries of that Person
                or a combination thereof. For purposes hereof, a Person or Persons shall be deemed to have a majority ownership interest in a limited liability company, partnership, association, or other business entity (other than a corporation) if such
                Person or Persons shall be allocated a majority of limited liability company, partnership, association, or other business entity gains or losses or shall be or control any managing director or general partner of such limited liability
                company, partnership, association, or other business entity.

            

      

      

      23.          Compensation Recovery (Clawback).  Any amounts of compensation paid or awarded to you under this Agreement shall be subject to compensation recovery (clawback) to the extent
            required by applicable law or regulations in the event the Company is required to prepare an accounting restatement due to the material noncompliance of the Company with any financial reporting requirements under the securities laws and the
            amounts received based on erroneous data was in excess of what would have been received by you had such noncompliance not occurred.

      

      

      24.          Representations.  You hereby represent to the Company that (a) you have the legal right to enter into this Agreement and to perform all of the obligations on your part to be
            performed hereunder in accordance with its terms, and (b) you are not a party to any agreement or understanding, written or oral, and are not subject to any restriction, which, in either case, could prevent you from entering into this Agreement
            or performing your duties and obligations hereunder.

       

          

      
        
          

      

      25.          Arbitration.  The parties agree that any controversy or claim arising out of or relating to this Agreement, or the alleged breach thereof, shall be submitted for resolution to the
            American Arbitration Association (“AAA”) and that three (3) neutral arbitrators will be selected to adjudicate such controversy or claim in a manner consistent with the AAA Employment
            Arbitration Rules then in effect (the “Rules”). The arbitration proceedings will allow for discovery according to the Rules.  All arbitration proceedings shall be conducted in Oklahoma
            City, Oklahoma. The parties are entitled to representation by an attorney or other representative of their choosing. The Company shall bear the costs of the arbitration filing and hearing fees and the cost of the arbitrators. Such arbitration
            shall be the sole, exclusive and final remedy for any dispute between you and the Company relating to this Agreement, the employment relationship between you and the Company and any disputes upon termination of employment, other than claims for
            workers’ compensation, unemployment insurance benefits, or alleged or threatened breaches of any of the Restrictive Covenants. Accordingly, you and the Company each acknowledges
              and agrees that each is waiving all respective rights to file an action in court or to receive a trial by jury with respect to any and all claims that are subject to arbitration as set forth herein. Either party may exercise the right
            to arbitrate by providing the other party with written notice of any and all claims forming the basis of such right in sufficient detail to inform the other party of the substance of such claims. Notwithstanding the foregoing, in the event you
            breach or threaten to breach any of the Restrictive Covenants, the Company shall be entitled to entry of an injunction prohibiting same, in addition to any other remedy or relief that may be available to Company at law or in equity. In the
            event of a breach or threatened breach of any such Restrictive Covenant, you agree that, in addition to any other remedies available at law or equity, the Company may file litigation against you seeking specific performance and temporary and/or
            preliminary injunctive relief, enjoining or restraining such breach or threatened breach, and you consent to the issuance of such injunctive relief without bond. You also agree that any action seeking such injunctive or equitable relief may be
            filed in any state or federal court located within Oklahoma and that you shall be subject to personal jurisdiction in any such court.  Notwithstanding anything set forth herein, the parties’ arbitration agreement set forth in this section shall
            expire immediately following a Change in Control.  Following the arbitration expiration date, the parties agree that any controversy or claim arising out of or relating to this Agreement, or breach thereof, shall be submitted for resolution
            only to the state or federal courts located within Oklahoma.

      

      

      26.          Code Section 409A.  This Agreement is intended to comply with Section 409A or an exemption thereunder and shall be construed and administered in accordance with Section 409A.
            Notwithstanding any other provision of this Agreement, payments provided under this Agreement may only be made in a manner that complies with Section 409A or an applicable exemption. Any payments under this Agreement that may be excluded from
            Section 409A either as separation pay due to an involuntary separation from service 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 employment that are considered “nonqualified deferred compensation” for purposes of Section 409A shall only be made
            upon a “separation from service” under Section 409A. Notwithstanding any other provision of this Agreement, if any payment or benefit provided to you in connection with your termination of employment is determined to constitute “nonqualified
            deferred compensation” within the meaning of Section 409A and you are determined to be a “specified employee” as defined in Section 409A(a)(2)(b)(i), then such payment or benefit shall not be paid until the first payroll date to occur following
            the six-month anniversary of the date of your termination of employment or, if earlier, on your death (the “Specified Employee Payment Date”). The aggregate of any payments that would
            otherwise have been paid before the Specified Employee Payment Date and interest on such amounts calculated based on the applicable federal rate published by the Internal Revenue Service for the month of your termination of employment shall be
            paid to you in a lump sum on the Specified Employee Payment Date and thereafter, any remaining payments shall be paid without delay in accordance with their original schedule. To the extent required by Section 409A, each reimbursement or
            in-kind benefit provided under this Agreement shall be provided in accordance with the following (a) the amount of expenses eligible for reimbursement, or in-kind benefits provided, during each calendar year cannot affect the expenses eligible
            for reimbursement, or in-kind benefits to be provided, in any other calendar year; (b) any reimbursement of an eligible expense shall be paid to you on or before the last day of the calendar year following the calendar year in which the expense
            was incurred; and (c) any right to reimbursements or in-kind benefits under this Agreement shall not be subject to liquidation or exchange for another benefit.

       

          

      
        
          

      

      27.          Severability.  In the event that any part or provision of this Agreement shall be held to be invalid or unenforceable by any arbitrator or court of competent jurisdiction, the
            remaining provisions thereof shall nevertheless continue to be valid and enforceable as though the invalid or unenforceable part or provision had not been included therein. Further, in the event that any part or provision hereof shall be
            declared by a court of competent jurisdiction to exceed the maximum time period, scope or activity restriction that such court deems reasonable and enforceable, then the parties expressly authorize the court to modify such part or provision so
            that it may be enforced to the maximum extent permitted by law.

      

      

      28.          No Waiver.  The failure by either party at any time to require performance or compliance by the other of any of its obligations or agreements shall in no way affect the right to
            require such performance or compliance at any time thereafter. The waiver by either party of a breach of any provision hereof shall not be taken or held to be a waiver of any preceding or succeeding breach of such provision or as a waiver of
            the provision itself. No waiver of any kind shall be effective or binding, unless it is in writing and is signed by the party against whom such waiver is sought to be enforced.

      

      

      29.          Assignment.  This Agreement and all rights hereunder are personal to you and may not be transferred or assigned by you at any time. The Company may assign its rights, together
            with its obligations hereunder, to any parent, subsidiary or successor, or in connection with any sale, transfer or other disposition of all or substantially all of its business and assets provided, however, that any such assignee assumes the
            Company’s obligations hereunder.

      

      

      30.          Tax Withholding and Equalization.  All sums payable to you hereunder shall be reduced by all federal, state, local and other withholding and similar taxes and payments required by
            applicable law.  The Company will tax equalize you for any personal income taxes in the United Kingdom that become due and payable from you in connection with business conducted in the United Kingdom due to your executive and/or Board
            activities on behalf of the Company.

      

      

      31.          Entire Agreement.  This Agreement constitutes the entire and only agreement and understanding between the parties relating to your employment with the Company. This Agreement
            supersedes any and all previous contracts, arrangements or understandings with respect to your employment with the Company, including the Prior Employment Agreement.

       

          

      
        
          

      

      32.          Amendment.  The parties understand and agree that this Agreement may not be amended, modified or waived, in whole or in part, except in a writing executed by you and the Chair of
            the Board or the Lead Director as the case may be.

      

      

      33.          Notices.  All notices, if any, and all other communications, if any, required or permitted under this Agreement shall be in writing and hand delivered, sent via facsimile, sent by
            registered first class mail, postage pre-paid, or sent by nationally recognized express courier service. Such notices and other communications shall be effective upon receipt if hand delivered or sent via facsimile, five (5) days after mailing
            if sent by mail, and one (1) day after dispatch if sent by express courier, to the following addresses, or such other addresses as any party shall notify the other parties:

      

      

      If to the Company:

      

      

      Tronox Holdings plc

      One Stamford Plaza

      263 Tresser Boulevard, Suite 1100

      Stamford, Connecticut 06901

      Attention: General Counsel

      

      

      If to you:

      

      

      John D. Romano

      Contact information on file.

      

      

      34.          Counterparts.  This Agreement may be executed in multiple counterparts and delivered by facsimile or electronic (.pdf or .tiff) signature, each of which shall be considered an
            original and all of which, when taken together, shall be considered a single agreement.

       

          

      
        
          

      

      35.          Governing Law.  This Agreement and the rights and obligations of the parties hereto shall be construed in accordance with the laws of the State of Connecticut, without giving
            effect to the principles of conflict of laws.

      

      

      IN WITNESS WHEREOF, the Company and you have executed this Agreement as of the date set forth below.

       

      ACCEPTED and AGREED to by:

       

      	
              TRONOX HOLDINGS PLC

            	
              EXECUTIVE

            
	 	 
	
              By:  /s/ Ilan Kaufthal

            	
              By:  /s/ John D. Romano

            
	
              

              

            	Ilan Kaufthal	

            	
              John D. Romano

            
	
              

              

            	Chair of the Board	

            
	 	 
	
              Date: March 18, 2021

            	
              Date: March 18, 2021

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