Document:

UAN 2014 10-K Exhibit 10.19.1

Exhibit 10.19.1

AMENDMENT TO 
FOURTH AMENDED AND RESTATED 
EMPLOYMENT AGREEMENT

This AMENDMENT TO FOURTH AMENDED AND RESTATED EMPLOYMENT AGREEMENT (this “Amendment”) is made and entered into as of March 17, 2014, by and between CVR ENERGY, INC., a Delaware corporation (the “Company”) and JOHN J. LIPINSKI (the “Executive”).  

The Company and the Executive are parties to a Fourth Amended and Restated Employment Agreement dated as of December 19, 2013 (the “Employment Agreement”).  The parties hereto desire to amend the Employment Agreement as provided herein.  
    
1.Exclusivity.  The last sentence of Section 1.3 of the Employment Agreement is hereby deleted in its entirety and replaced with the following:
“The provisions of this Section 1.3 shall not be construed to prevent Executive from: (i) investing Executive’s personal, private assets as a passive investor in such form or manner as will not require any active services on the part of Executive in the management or operation of the affairs of the companies, partnerships, or other business entities in which any such passive investments are made; (ii) serving on the board of directors of one or more companies, provided such service does not conflict with the Executive’s duties and obligations to the Company and such service is approved by the chairman of the Board of Directors of the Company; or (iii) serving on the board of directors for Thumbs Up Enterprises Limited and its affiliated companies.”
2.Ratify Agreement.  Except as expressly amended hereby, the Agreement will remain unamended and in full force and effect in accordance with its terms.  The amendments provided herein will be limited precisely as drafted and will not constitute an amendment of any other term, condition or provision of the Agreement. 

3.Cross References.  References in the Agreement to “Agreement”, “hereof”, “herein”, and words of similar import are deemed to be a reference to the Agreement as amended by this Amendment.

4.Counterparts.  This Amendment may be executed in any number of counterparts, each of which will be deemed to be an original and all of which constitute one agreement that is binding upon each of the parties, notwithstanding that all parties are not signatories to the same counterpart.

[signature page follows]

The parties have executed this Amendment as of the date first written above.

	
		
	CVR ENERGY, INC.
	 

	

By:  /s/ Stanley A. Riemann        
	

  /s/ John J. Lipinski         

	      Name: Stanley A. Riemann
      Title: Chief Operating Officer 
	John J. Lipinski

	 
	 

1UAN 2014 10-K Exhibit 10.21.1

Exhibit 10.21.1

AMENDMENT TO 
EMPLOYMENT AGREEMENT

This AMENDMENT TO EMPLOYMENT AGREEMENT (this “Amendment”) is made and entered into as of December 19, 2014, by and between CVR GP, LLC, a Delaware limited liability company (the “Company”) and Mark A. Pytosh (the “Executive”).  

The Company and the Executive are parties to an Employment Agreement dated as of April 16, 2014 (the “Employment Agreement”).  The parties hereto desire to amend the Employment Agreement as provided herein.  
    
1.Annual Bonus.  Section 2.2 of the Employment Agreement is hereby deleted in its entirety and replaced with the following:
“For each completed fiscal year occurring during the Term, the Executive shall be eligible to receive an annual cash bonus (the “Annual Bonus”) with a target award equal to 125% of the Executive’s Base Salary. The Annual Bonus will be subject to all of the terms and conditions of the applicable bonus plan.  For fiscal year 2014, the target Annual Bonus shall be pro-rated for the portion of the year that the Executive served as the Company’s Chief Executive Officer.  The actual Annual Bonus payouts will be based on achievement of the individual, Partnership and beginning in 2015, CVR Energy, Inc. (“CVI”) (to the extent the Executive receives a portion of his bonus based on shared services performed for CVI or its subsidiaries) performance criteria established for the applicable fiscal year by the Compensation Committee of the Board (the “Compensation Committee”) with respect to the Partnership, or the Compensation Committee of the board of directors of CVI with respect to CVI, in each case, in such committee’s sole and absolute discretion.  The Annual Bonus (or any pro-rated portion thereof), if any, payable to Executive for a fiscal year will be paid to the Executive in the immediately succeeding fiscal year only after the completion of the audit of the Partnership’s or CVI’s consolidated financial statements and filing of the Partnership’s or CVI’s Annual Report on Form 10-K with respect to such fiscal year and, only after the respective Compensation Committee, in its sole and absolute discretion, has approved the final achievement level and payout; provided, however, that if the Annual Bonus is payable pursuant to a plan that is intended to provide for the payment of bonuses that constitute “performance-based compensation” within the meaning of Section 162(m) of the Code, the Annual Bonus shall be paid at such time as is provided in the applicable plan. The Executive must be actively employed on the day of payout to be eligible for an Annual Bonus payment.”
2.Ratify Agreement.  Except as expressly amended hereby, the Agreement will remain unamended and in full force and effect in accordance with its terms.  The amendments provided herein will be limited precisely as drafted and will not constitute an amendment of any other term, condition or provision of the Agreement. 

3.Cross References.  References in the Agreement to “Agreement”, “hereof”, “herein”, and words of similar import are deemed to be a reference to the Agreement as amended by this Amendment.

4.Counterparts.  This Amendment may be executed in any number of counterparts, each of which will be deemed to be an original and all of which constitute one agreement that is binding upon each of the parties, notwithstanding that all parties are not signatories to the same counterpart.

[signature page follows]

The parties have executed this Amendment as of the date first written above.

	
		
	 
	CVR GP, LLC

	/s/ Mark A. Pytosh    
Mark A. Pytosh
	By:    /s/ John J. Lipinski    
Name:  John J. Lipinski 
Title:  Executive Chairman

1UAN 2014 10-K Exhibit 10.24

Exhibit 10.24

EXECUTION COPY
CVR Energy, Inc.
December 19, 2014
Mr. Edmund S. Gross 
Suite 250
10 East Cambridge Circle 
Kansas City, Kansas  66103
Dear Ned,
This letter agreement (the “Letter Agreement”) is intended to set forth our mutual understandings regarding certain consulting services that you have agreed to provide to CVR Energy, Inc. (the “Company”). Any capitalized term used but not defined in this Letter Agreement shall have the meaning ascribed to such term in the Third Amended and Restated Employment Agreement by and between you and the Company, dated as of January 1, 2011, as amended (the “Employment Agreement”).
The Term of the Employment Agreement and your employment with the Company will expire on December 31, 2014. The Company desires to obtain, and you desire to provide, certain consulting services involving the transition of management of all continuing or pending litigation, administrative or regulatory proceedings involving the Company or its subsidiaries to the incoming General Counsel of the Company, as may be reasonably requested from time to time by the Company, and specifically in the areas described on Exhibit A (the “Services”) from January 1, 2015 until June 30, 2015 (the “Consulting Period”), on the terms set forth in this Letter Agreement. In consideration of the Services, you shall be paid an aggregate amount of $350,000 (the “Fee Amount”), plus any commercially reasonable out-of-pocket expenses incurred in performing the Services, subject to the presentation of documentation and in accordance with the expense reimbursement policy of the Company.  The Fee Amount and any expense reimbursement, shall be payable in monthly installments in arrears. In addition to the Fee Amount you will be paid the following:
		
	(a)
	Your Annual Bonus earned but unpaid for the entire calendar year 2014 pursuant to your Employment Agreement; it being understood and agreed that such Annual Bonus amount shall be based on a target bonus of one hundred percent (100%) pursuant to the Company’s 2014 Performance Incentive Plan (“PIP”) without any discounts or deductions for any reason whatsoever other than such discounts or deductions that may be uniformly applied to employees with whom you are similarly situated as of the date of this Letter Agreement (such Annual Bonus shall be referred to hereinafter as the “Annual Bonus”) and such Annual Bonus shall be paid to you at the same time in the first quarter of 2015 as it is paid to the other PIP participants even though you will not be an employee on such 2014 PIP payment date;

		
	(b)
	Any unused PTO and any unreimbursed expenses pursuant to the Employment Agreement (“Unused PTO and Expenses”) payable to you no later than January 31, 2015.

As of January 1, 2015, other than (i) the Fee Amount and any expenses payable pursuant to this Letter Agreement, (ii) your Annual Bonus as described in subparagraph (a) above and (iii) your Unused PTO 

and Expenses, you shall not be entitled to any direct or indirect compensation or other benefits of any kind whatsoever and any unvested direct or indirect compensation and benefits outstanding as of January 1, 2015 will be forfeited; provided, however, it is understood and agreed that the payments due and owing to you and described on the attached Exhibit B will be made in December 2014.
The Consulting Period shall expire on June 30, 2015 unless previously terminated by the Company by written notice. In the event of early termination by the Company, you shall be entitled to receive any amount of unpaid Fee Amount, payable in monthly installments in arrears on the same timeline originally contemplated, unless such termination is on account of your failure to provide the Services, in which case you shall forfeit the remaining amount of unpaid Fee Amount.  You and the Company acknowledge the Services are in lieu of any duty of yours to provide cooperation in accordance with Section 3.5 of the Employment Agreement.
In order to assist you during the Consulting Period, you may retain your company supplied laptop computer and you will continue to have access to the Company computer network, including your company email account.  In addition, the Company agrees to provide whatever assistance and consents that are required in order for you to port or transfer your cell phone number to your own personal account.
During the Consulting Period, the Company shall indemnify you, pursuant to paragraph (b) of Article VI, Section 1 of the Company’s amended and restated by-laws (the “Bylaws”), in the manner and to the same extent that it indemnifies officers of the Company under paragraph (a) of Article VI, Section of the Bylaws.  In addition, that Indemnification Agreement between you and the Company dated January 1, 2009, shall remain in full force and effect during the Consulting Period. 
You shall operate at all times during the Consulting Period as an independent contractor of the Company. This Letter Agreement does not authorize you to act for the Company as its agent or to make commitments on behalf of the Company. The Company shall not withhold for, and you shall be responsible for the payment and reporting of, any and all taxes with respect to the Fee Amount, including, without limitation, federal, state and local income taxes, social security and medicare taxes, unemployment insurance taxes and any other taxes. You shall not be entitled to any benefits available to employees of the Company, including, without limitation, under the Company’s health, life, disability, or worker’s compensation insurance plans and policies, other than any right you may have to elect continuation coverage under the Company’s health plans under the Consolidated Omnibus Budget Reconciliation Act (COBRA) to the extent required by COBRA.
The Company would also like to remind you of your continuing obligations under Section 4 of the Employment Agreement, which shall remain in full force and effect for the periods set forth therein. From and after January 1, 2015, this Letter Agreement constitutes the entire agreement between the parties hereto, and supersedes all prior representations, agreements and understandings (including any prior course of dealings), both written and oral, between the parties hereto with respect to the subject matter hereof.
[signature page follows]

    

Sincerely,

/s/ John J. Lipinski

John J. Lipinski

ACCEPTED AND AGREED AS OF
THE DATE FIRST WRITTEN ABOVE

/s/ Edmund S. Gross    
Edmund S. Gross

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