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EXHIBIT 10.1.5  

 
 

EMPLOYMENT AGREEMENT    
    

        AGREEMENT made as of the 7th day of April, 1994, between THE DOE RUN RESOURCES CORPORATION, a New York corporation, doing business in Missouri under the trade
name "The Doe Run Company" (herein called the "Company"), with its principal office at 1801 Park 270 Drive, St. Louis, Missouri 63146 and David A. Chaput ("Employee"). 

W I T N E S S E T H:

        WHEREAS,
Employee has for some years been employed by the Company or a predecessor, and Company desires to continue to employee the Employee and Employee desires to continue to be
employed by the Company, all on the terms hereof; 

        In
consideration of the mutual covenants herein contained, it is hereby agreed as follows: 

        1.    Terms and Duties.    

        Commencing
on the date of this Agreement and continuing until October 31, 1999, unless sooner terminated or extended as herein provided (the "Employment Term"), the Company shall
continue to employ the Employee as its Treasurer. During the Employment Term the Employee shall continue to devote all of his business time and his best efforts to the business of the Company, and its
subsidiaries, as may be necessary to perform his duties hereunder, in accordance with the policies, procedures, business plans and budgets from time to time established by the Board of Directors, and
Chairman of the Board and the President and shall not have any other business affiliations. Employee hereby accepts continued employment hereunder. 

        2.    Compensation.    

        In
full compensation for the services to be rendered by the Employee to the Company and its subsidiaries hereunder, during the Employment Term, the Company will pay the Employee, and the
Employee shall accept: 

        (a)   a
basic annual salary of $85,000 for each employment year of the Employment Term payable in installments not less frequently than monthly, and increased as the Board of
Directors may, from time to time, determine in its discretion; plus 

        (b)   for
each fiscal year (November 1 to October 31) of the Company ending during the employment of the Employee, a year end bonus of not less than $10,000 nor
more than $20,000 as may be determined by the Company in its sole discretion, provided that the Employee is in the employ of the Company at the close of
such year and the Company shall not have incurred a net loss before taxes for such fiscal year determined in accordance with generally accepted accounting principles followed by the Company in
preparing its audited balance sheet as of the date of this Agreement but before giving effect to this clause (b), and to like provisions in any other employment agreement to which the Company
is a party. The bonus for each fiscal year shall, if due, be paid as promptly as practicable after the independent accountants for the Company shall have determined, and reported in writing, as to
whether the Company had a net loss within the meaning of this clause (b) for such year; plus 

        (d)   such
additional amounts, if any, as the Board of Directors of the Company may determine from time to time in its discretion. 

        3.    Place of Employment.    

        The
Employee's regular place of employment during the Employment Term shall be at the principal executive office of the Company in the St. Louis, Missouri metropolitan area. The Employee
may not be required to relocate without his consent.

        4.    Travel: Expenses.    

        The
Employee shall engage in such travel as may reasonably be required in connection with the performance of his duties, in accordance with prior practice. 

        All
reasonable travel and other expenses incurred by the Employee (in accordance with the policies of the Company established from time to time) in carrying out his duties hereunder will
be reimbursed by the Company on presentation to it of expense accounts and appropriate documentation in accordance with the customary procedures of the Company for reimbursement of executive expenses.
The Employee shall be entitled to a travel expense advance in the discretion of the Company when anticipated travel warrants such advance. 

        5.    Early Termination of Employment Term on Disability or Death.    

        (a)   If
during the Employment Term, the Employee fails because of illness or other incapacity (including incapacity because of substance abuse) to render the Company the
services required of him hereunder for a period of two months (during which the Company shall continue the Employee's compensation at the rates herein provided), the Company may, in its
discretion, give one month notice of termination of the Employment Term (during which the Employee's compensation shall likewise be continued), and if the Employee shall not resume full performance of
his duties within such one month period, the Employment Term shall terminate at the expiration thereof, provided that any such termination shall not affect the right of the Employee (or his estate) to
continue to receive benefits under any disability insurance plan or program covering the Employee which is in effect at the date of termination, and further provided that if any such termination shall
be during a fiscal year and the Company shall not have a net loss before income taxes determined as provided in paragraph 2(b) for such fiscal year, the Employee shall be entitled to a
pro-rata portion of the minimum bonus for such year based on the number of full months worked by him such year. 

        (b)   The
Employment Term shall end upon the death of the Employee, provided that (i) if the Employee shall die during a fiscal year, and the Company shall not have a
net loss, determined as provided in paragraph 2(b), for such fiscal year, the Employee shall be entitled to a pro-rata portion of the minimum bonus for such year, based on the
number of full months worked by him during such year. 

        6.    Vacation.    

        During
the Employment Term, the Employee shall be entitled to vacation periods in accordance with previously agree-to vacation entitlement or with the *Vacation Policy for
St. Louis Office Employees on April 7, 1994, to be taken at such time or times as shall be mutually convenient to the Company and Employee (but not more than two weeks consecutively except as
may be specifically approved by the President). Unused vacation shall not accumulate from year to year. 

*

	1-4 years service	 	=	 	2 weeks vacation
	5-11 years service	 	=	 	3 weeks vacation
	12-19 years service	 	=	 	4 weeks vacation
	20-29 years service	 	=	 	5 weeks vacation
	30 or more years service	 	=	 	6 weeks vacation

        7.    Confidentially: Competition.    

        (a)   For
the purposes hereof, all confidential information about the business and affairs of the Company (including, without limitation, business plans, financial and
marketing information and information about its secrets and machinery, designs, plans, patterns and specifications, formulae, processes, inventions and discoveries, and names of suppliers and
customers and nature of dealings with them) constitute "Company Confidential Information." For some years, the Employee has been a senior officer of the Company or a predecessor. He acknowledges that
he has in the past

had, and will continue to have, access to and knowledge of Company Confidential Information, and that improper use or revelation of same by the Employee during or after the termination of his
employment by the Company could cause serious injury to the business of the Company. Accordingly, the Employee agrees that he will forever keep secret and inviolate all Company Confidential
Information which shall have come or shall hereafter come into his possession, and that he will not use the same for his own private benefit, or directly or indirectly for the benefit of others, and
that he will not disclose such Company Confidential Information to any other person. 

        (b)   During
the Employment Term, the Employee will not (whether as an officer, director, partner, proprietor, investor, associate, employee, consultant, adviser, public
relations or advertising representative or otherwise), directly or indirectly, be engaged in any aspect of the business of lead mining, milling, recycling or sale within the continental United States
(which the parties acknowledge is the Company's trading area). For purposes of the preceding sentence, the Employee shall be deemed to be engaged in any business which any person for whom he shall
perform services is engaged. Nothing herein contained shall be deemed to prohibit the Employee from owning, as a passive investment, a security of any issuer which is not a supplier, vendor; customer
or competitor of the Company. 

        (c)   Within
the terms of this Agreement, it is intended to limit disclosure and competition by the Employee to the maximum extent permitted by law. If it shall be finally
determined by any court of competent jurisdiction ruling on this Agreement that the scope or duration of any limitation contained in this paragraph 7 is too extensive to be legally enforceable,
then the parties hereby agree that the scope and duration (not greater than that provided for herein) of such limitation shall be the maximum scope and duration which shall be legally enforceable and
the Employee hereby consents to the enforcement of such limitation as so modified. 

        (d)   The
Employee acknowledges that any violation by him of the provisions of this paragraph 7 could cause serious and irreparable damages to the Company. He further
acknowledges that it might not be possible to measure such-damages in money. Accordingly, the Employee further acknowledges that, in the event of a breach or threatened breach by him of
the provision of this paragraph 7, the Company may seek in addition to any other rights or remedies, including money damages, an injunction or restraining order, restraining the Employee from
doing or continuing to do or perform any acts constituting such breach or threatened breach. 

        8.    Employee's Inventions.    

        The
Employee agrees to assign and transfer to the Company, its successors and assigns, his entire right, title and interest in and to any or all inventions, designs, discoveries and
improvements which he may make, either solely or jointly with others, during the Employment Term hereunder and for a period of one (1) year thereafter, which relate in any way to the business
or products of the Company, together with all rights to letters patent which may be granted thereon. Immediately upon making any intentions, designs, discoveries or improvements, the Employee shall
notify the Company and, without further compensation, shall execute and deliver to the Company such documents as may be necessary to prepare or prosecute applications for patents upon such inventions,
designs, discoveries and improvements, and shall assign and transfer to the Company his entire right, title and interest therein. The Company shall pay all expenses involved in carrying out the
provisions of this paragraph 8. 

        9.    Benefits.    

        The
Company agrees to provide to the Employee during the Employment Term the retirement plan, 401(k) Savings Plan, medical, hospitalization, dental, life and AD&D, disability,
travel accident insurance benefits and other benefits as provided to the Employee on March 31, 1994. 

        10.    Employee's Representation    

        Employee
hereby represents to the Company that he has full right and power to enter into his Agreement and carry out his duties hereunder, and that same will not constitute a breach of
or default

under any employment, confidentiality, non-competition or other agreement by which he may be bound. 

        11.    Default by Employee.    

        If
the Employee shall: 

	(i)
	commit
an act of dishonesty against the Company or fraud upon the Company; or

	(ii)
	breach
his obligations under this Agreement and fail to cure such breach within five (5) days after written notice thereof; or

	(iii)
	be
convicted of a crime involving moral turpitude; or

	(iv)
	fail
or neglect diligently to perform his duties hereunder and continue in his failure after written notice; 

then,
and in any such case, the Company may terminate the employment of the Employee hereunder and, in the event of any such termination, the Employee shall no longer have any right to any and all
benefits (including future salary payments), which would otherwise have accrued after such termination. 

        12.    Automatic Renewal.    

        This
Agreement shall automatically renew and be extended from year to year upon the expiration of the Employment Term (as extended if extended) unless terminated by either party by
written notice given to the other at least three months prior to its termination date. If any such notice shall be given, this Agreement shall terminate on the next succeeding October 31. 

        13.    Successors.    

        The
rights, benefits, duties and obligation under this Agreement shall inure to and be binding upon the Company, its successors and assigns and upon the Employee and his legal
representative, legatees and heirs. It is specifically understood, however, that this Agreement may not be transferred or assigned by the Employee. The Company may assign any of its rights and
obligations hereunder to any subsidiary or affiliate of the Company, or by written instruction to a successor or surviving corporation resulting from a merger, consolidation, sale of assets or stock,
or other corporate reorganization, on condition that the assignee shall assume all the Company's obligation hereunder (but nevertheless the Company shall remain liable hereunder) and it is agreed that
such successor or surviving corporation shall continue to be obligated to perform the provisions of this Agreement.

        14.    Notices    

        Notices
hereunder shall be in writing and shall be sent by telegraph or by certified or registered mail, telecopy, or recognized overnight delivery service (such as Federal Express)
prepaid as follows: 

	To Employee:	 	To Company:
	

David A. Chaput

    
    
	
 	

The Doe Run Company

c/o The Renco Group, Inc.

45 Rockefeller Center

New York, New York 10111

Attention: Ira Leon Rennert

Chairman
	

 	
 	

After October 1, 1994:
	

 	
 	

30 Rockefeller Plaza

42nd Floor

New York, NY 10111
	

 	
 	

with copies to:
	

 	
 	

The Doe Run Resources Corporation

1801 Park 270 Drive

St. Louis, Missouri 63146

Attention: President
	

 	
 	

and
	

 	
 	

Baer Marks & Upham

805 Third Avenue

New York, New York 10022

Attention: Justin W. D"Atri, Esq.

and
shall be deemed to have given when telecopied to the addressee or three days after placed in the mail or the second business day following delivery to a recognized overnight delivery
service (such as Federal Express) or a telegraph company, prepaid and properly addressed. Notices to the Employee may also be delivered to him personally. Notices of change of address shall be given
as provided above, but shall be effective only when actually received. 

        15.    Waivers.    

        The
failure of either party to insist upon the strict performance of any of the terms, conditions, and provisions of this Agreement shall not be construed as a waiver or relinquishment
of future compliance therewith, and said terms, conditions and provisions shall remain in full force and effect. No waiver of any term or condition of this Agreement on the part of the Company, shall
be effective for any purposes whatsoever unless such waiver is in writing and signed by the Company. 

        16.    Entire Agreement; Governing Law.    

        There
are no oral or written understandings concerning the Employee's employment outside of this Agreement and the separate Net Worth Appreciation Agreement between the Company and the
Employee. This Agreement may not be modified except by a writing signed by the parties hereto. This Agreement supersedes any and all prior employment agreements or understandings. This Agreement is
made under, and shall be construed in accordance with, the laws of the State of Missouri, applicable to agreements to be performed wholly within that state. 

        IN
WITNESS WHEREOF, the parties hereto have executed and delivered this Agreement as of the day and year first above written. 

	Attest:	 	THE DOE RUN RESOURCES CORPORATION

doing business as THE DOE RUN COMPANY
	

(one illegible signature)
	
 	

By:	

/s/  IRA LEON RENNERT      

	

Witness:	
 	

 	

 
	

(one illegible signature)
	
 	

 	

/s/  DAVID A. CHAPUT      
 David A. Chaput, Employee

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EXHIBIT 10.1.6  

 
 

EMPLOYMENT AGREEMENT    
    

        THE DOE RUN RESOURCES CORPORATION, d/b/a THE DOE RUN COMPANY, a New York corporation (the "Corporation"), and  JAMES
W. GRUBBS ("Employee") hereby agree as follows: 

        1.    Employment.    The Corporation hereby employs the Employee, and
the Employee accepts employment from the Corporation, upon the terms and conditions hereinafter set forth in this Employment Agreement ("Agreement"). This Agreement and the attachments referenced
herein constitute the entire agreement between the Corporation and the Employee pertaining to the terms of his employment, and supercede all prior discussions, negotiations, and understandings,
whether written or oral, with respect to this matter. 

        2.    Term of Employment.    The initial term of the Employee's
employment under this Agreement shall commence on December 1, 2004 and shall terminate on November 30, 2007; provided, however, that this Agreement may be extended for additional terms
of one year each if by not later than September 30 of any year beginning in 2007, both parties mutually agree in writing to extend the term of this Agreement; and provided, further, that the
term of employment may be terminated upon the earlier occurrence of any of the following events: 

        (a)   Upon
the termination of the business or corporate existence of the Corporation other than by merger, acquisition or sale; 

        (b)   Upon
the death of the Employee; 

        (c)   At
the Corporation's option, if the Employee shall suffer a permanent disability; (For the purposes of this Agreement, "permanent disability" means any physical or
mental impairment that renders the Employee unable for a period of six (6) months or more to perform the essential job functions of his position, even with reasonable accommodation, as
determined by a physician selected by the Corporation. The Employee acknowledges and agrees that he shall voluntarily submit to a medical or
psychological examination for the purpose of determining his continued fitness to perform the essential functions of his position whenever requested to do so by the Corporation. If the Corporation
elects to terminate the employment relationship on this basis, the Corporation shall notify the Employee or his representative in writing and the termination shall become effective on the date that
such notification is given.); 

        (d)   At
the Corporation's option, upon ten (10) calendar days' written notice to the Employee and an opportunity to cure, in the event of any material breach or
default by the Employee of any of the terms of this Agreement or of any of the Employee's duties or obligations hereunder; 

        (e)   Without
Cause, the Corporation, at its sole option, may terminate the Employee's employment and pay him an amount that is equivalent to four (4) months of the
Employee's Base Salary, less any authorized or required payroll deductions. 

        (f)    At
the Corporation's option, without any advance notice, in the event that the Employee engages in conduct which, in the opinion of the Corporation,
(1) constitutes dishonesty of any kind (including, but not limited to, any misrepresentation of facts or falsification of records) in the Employee's relations, interactions or dealings with the
Corporation or its customers; (2) constitutes a felony; (3) exposes the Corporation to public disrepute or disgrace, or causes harm to the customer relations, operations or business
prospects of the Corporation; (4) constitutes unlawful harassment or discrimination towards any person associated with the Corporation; (5) reflects disruptive or disorderly conduct,
including but not limited to, acts of violence, fighting, intimidation or threats of violence against any person associated with the Corporation, whether an employee, agent or customer, or possessing
a weapon while on the Corporation's premises or while acting on behalf of the Corporation; (6) is indicative of abusive or illegal substance use while on the Corporation's premises or while
acting on the Corporation's behalf; or (7) constitutes a willful violation of any governmental rules or regulations.

 

        (g)   At
the Employee's option, after providing the Corporation with at least thirty (30) calendar days advance written notice of his intention to terminate the
employment relationship. 

        Upon
termination of employment for any reason other than Without Cause, the Employee shall be entitled to receive only the Base Salary (as that term is hereinafter defined) accrued but
unpaid as of the date of termination and shall not be entitled to additional compensation except as expressly provided in this Agreement. 

        3.    Compensation.    

        (a)   During
the period from December 1, 2004 to November 30, 2007, the Corporation shall compensate the Employee for the Employee's services rendered hereunder
by paying to the Employee an annual salary (the "Base Salary") of Two Hundred Twenty Thousand Dollars ($220,000.00), less any authorized or required payroll deductions. Thereafter, as long as this
Agreement remains in effect, the Employee will be eligible for yearly adjustments on the same basis as other employees of the Corporation. Payment of the Employee's Base Salary will be made in
accordance with the payroll policies of the Corporation in effect from time to time. 

        (b)   The
Employee is eligible to receive an Annual Bonus ("Bonus") in addition to his Base Salary in an amount equal to fifty percent (50%) of the Employee's Base Salary.
Eligibility for the Bonus is based on the Employee's meeting the goals and objectives set out in Agreed Upon Goals and Objectives (Attachment 1). 

        (c)   In
addition to the Base Salary and Bonus (if any), the Employee shall be eligible to participate in other Corporate benefits as presently outlined in the Doe Run Company
Summary of Benefits and Compensation (Attachment 2) including the Corporate Staff Gainsharing program, and which benefits may be modified from time to time by the Corporation. 

        (d)   The
Employee is eligible to participate in SERP (Attachment 3). 

        (e)   The
Employee is eligible to participate in Net Worth Appreciation Benefits (Attachment 4). 

        (f)    Retention
Bonus Payments. The Employee is also eligible to receive Retention Bonus Payments, less any authorized or required payroll deductions, should he remain
employed by the Employer in accordance with the following schedule: 

	Retention Bonus Payment
 
	 	Employment Date

	$20,000	 	December 1, 2005
	$20,000	 	December 1, 2006

        4.    Duties of the Employee.    

        (a)   The
Employee shall serve as Vice President, Sales and Marketing of the Corporation, or in such other positions as may be determined by the Board of Directors of the
Corporation, and the Employee shall perform such executive duties (comparable to those normally performed by individuals who serve as such officers of comparable companies) on behalf of the
Corporation and its subsidiaries by such means, at such locations, and in such manner as may be specified from time to time by the officers or Board of Directors of the Corporation. A general
description of this position is set out in the Position Specification (Attachment 5). The Employee's principal place of business shall be St. Louis, Missouri and shall not be changed without the
Employee's consent. 

        (b)   The
Employee agrees to abide by and conform to all rules as established by the Corporation applicable to its employees, as outlined in the Employee Manual (Attachment
6) and to the extent not inconsistent with any term of this Agreement.

 

        (c)   The
Employee acknowledges that he is being employed as a full-time employee, and the Employee agrees to devote so much of the Employee's time, attention and
energies to the business of the Corporation as is necessary for the successful operation of the Corporation and shall endeavor at all times to improve the business of the Corporation. The Employee
shall not accept any business commitments other than with the Corporation without the advance written consent of the Corporation's President. 

        5.    Expenses.    During the period of the Employee's employment,
except as otherwise specifically provided in this Agreement, the Corporation will pay directly, or reimburse the Employee for, all items of reasonable and necessary business expenses approved in
advance by the Corporation if such expenses are incurred by the Employee in the interest of the business of the Corporation. All such expenses paid by the Employee will be reimbursed by the
Corporation upon presentation by the Employee, from time to time (but not less than quarterly), of an itemized account of such expenditures in accordance with the Corporation's policy for verifying
such expenditures. International travel expenses will be business class whenever possible. 

        6.    Fringe Benefits.    

        (a)   The
Employee shall be entitled to participate in any health, disability and life insurance program, and other benefits, which have been or may be established or modified
by the Corporation for salaried employees of the Corporation (Attachment 2). 

        (b)   The
Employee shall be entitled to an annual vacation without loss of compensation three (3) weeks per calendar year. 

        (c)   The
Corporation shall provide to the Employee during the term of his employment an automobile allowance of Four Hundred Dollars ($400.00) per month. In addition, the
Corporation shall pay for automobile insurance coverage for the automobile from an insurance carrier selected by the Corporation. 

        (d)   Relocation
Expenses and Allowance. 

	(i)
	The
Corporation shall reimburse the Employee's expenses, exclusive of taxes, for actual costs to relocate his household goods to the St. Louis, Missouri metropolitan
area, upon presentment of proper documentation.

	(ii)
	The
Corporation shall reimburse the Employee for temporary lodging in the St. Louis, metropolitan area for three (3) calendar months commencing
December 1, 2004, and for such additional months as mutually agreed in writing by the Corporation and the Employee.

	(iii)
	The
Corporation shall reimburse the Employee for one (1) trip home (New York) monthly during the period of his temporary lodging.

	(iv)
	The
Corporation shall pay the Employee a one-time relocation allowance of $60,000.00 on or about December 1, 2004. 

        (e)   The
Corporation shall provide the Employee with up to Five Thousand Dollars ($5,000.00) to consult with an attorney selected by the Employee to review the Agreement. 

        7.    Covenants of the Employee.    

        (a)   During
the term of the Employee's employment with the Corporation and for all time thereafter the Employee covenants and agrees that the Employee will not in any manner
directly or indirectly, except as required in the Employee's duties to the Corporation, disclose or divulge to any person, entity, firm or company whatsoever, or use for the Employee's own benefit or
the benefit of any other person, entity, firm or company, directly or indirectly, any knowledge, devices,

 
information, techniques, customer lists, business plans or other data belonging to the Corporation or developed by the Employee on behalf of the Corporation during his employment with the Corporation,
without regard to whether all of the foregoing matters will be deemed confidential, material or important, the parties hereto stipulating, as between them, that the same are important, material,
confidential and the property of the Corporation, that disclosure of the same to or use of the same by third parties would adversely affect the effective and successful conduct of the business of the
Corporation and the goodwill of the Corporation, and that any breach of the terms of this subparagraph (a) shall be a material breach of this Agreement. 

        (b)   During
the term of the Employee's employment with the Corporation and for a period of one (1) year (the "Covenant Term") after cessation for whatever reason of
such employment (except as hereinafter provided in subparagraph (c) of this paragraph 7), the Employee covenants and agrees that the Employee will not in any manner directly or
indirectly: 

	(i)
	solicit,
divert, take away or interfere with any of the customers (or their respective affiliates or successors) of the Corporation;

	(ii)
	engage
directly or indirectly, either personally or as an employee, partner, associate partner, officer, manager, agent, advisor, consultant or otherwise, or by means
of any corporate or other entity or device, in any business which is competitive with the business of the Corporation. For purposes of this covenant a business will be deemed competitive if it is
conducted in whole or in part within any geographic area wherein the Corporation is engaged in marketing its products, and if it involves the mineral production, recycling or fabrication of base
metals or any other business which is in any manner competitive, as of the date of cessation of the Employee's employment, with any business then being conducted by the Corporation or as to which the
Corporation has then formulated definitive plans to enter;

	(iii)
	induce
any salesman, distributor, supplier, manufacturer, representative, agent or other person transacting business with the Corporation to terminate their
relationship with the Corporation, or to represent, distribute or sell products in competition with products of the Corporation; or

	(iv)
	induce
or cause any employee of the Corporation to leave the employ of the Corporation. 

        (c)   All
the covenants of the Employee contained in this paragraph 7 shall be construed as agreements independent of any other provision of this Agreement, and the
existence of any claim or cause of action against the Corporation, whether predicated on this Agreement or otherwise, shall not constitute a defense to the enforcement by the Corporation of these
covenants. 

        (d)   It
is the intention of the parties to restrict the activities of the Employee under this paragraph 7 only to the extent necessary for the protection of legitimate
business interests of the Corporation, and the parties specifically covenant and agree that should any of the provisions set forth therein, under any set of circumstances not now foreseen by the
parties, be deemed too broad for such purpose, said provisions will nevertheless be valid and enforceable to the extent necessary for such protection. 

        8.    Work for Hire.    Any work prepared by the Employee within the
scope of this Agreement is deemed a work for hire under the United States Copyright Act (Title 17 United States Code). Any work prepared by Employee that relates to the Corporation's business,
research or development, or results from work performed for the Corporation by Employee, which is eligible for copyright protection, shall be made a work for hire. If such work is deemed for any
reason not to be a work for hire, Employee assigns all right, title and interest in the copyright of such work, and all extensions and renewals thereof, to the Corporation, and agrees to provide all
assistance requested by the Corporation

 
in the establishment, preservation and enforcement of its copyright in such work, such assistance to be provided at the Corporation's expense, but without any additional compensation to Employee 

        9.    Documents.    Upon cessation of the Employee's employment with
the Corporation, for whatever reason, all documents, records (including without limitation, customer records), notebooks, invoices, statements or correspondence, including copies thereof, relating to
the business of the Corporation then in the Employee's possession, whether prepared by the Employee or others, will be delivered to and left with the Corporation, and the Employee agrees not to retain
copies of the foregoing documents without the written consent of the Corporation. 

        10.    Remedies.    In the event of the breach by the Employee of any
of the terms of this Agreement, notwithstanding anything to the contrary contained in this Agreement, the Corporation may terminate the employment of the Employee in accordance with the provisions of
paragraph 2 of this Agreement. It is further agreed that any material breach of any term of this Agreement by the Employee will result in immediate and irreparable injury to the Corporation and
will authorize recourse to injunction and/or specific performance as well as to other legal or equitable remedies to which the Corporation may be entitled, and that the enforcement of a remedy by way
of injunction would not prevent the Employee from earning a living, nor otherwise impose an undue hardship on the Employee. In addition to any other remedies that it may have in law or equity, the
Corporation also may require an accounting and repayment of all profits, compensation, remuneration or other benefits realized, directly or indirectly, as a result of such breaches by the Employee or
by a competitor's business controlled, directly or indirectly, by the Employee. No remedy conferred by any of the specific provisions of this Agreement is intended to be exclusive of any other remedy
and each and every remedy given hereunder or now or hereafter existing at law or in equity by statute or otherwise. The election of any one or more remedies by the Corporation shall not constitute a
waiver of the right to pursue other available remedies. The Employee expressly agrees to pay all reasonable costs and attorneys' fees incurred by the Corporation to enforce the Employee's obligations
under this Agreement. 

        11.    Severability.    All agreements and covenants contained herein
are severable, and in the event any of them shall be held to be invalid by any court of competent jurisdiction, this Agreement, subject to subparagraph 7(d) hereof, shall continue in full force
and effect and shall be interpreted as if such invalid agreements or covenants were not contained herein. 

        12.    Waiver or Modification.    No waiver or modification of this
Agreement or of any covenant, condition or limitation herein shall be valid unless in writing and duly executed by the party to be charged therewith, and no evidence of any waiver or modification
shall be offered or received in evidence in any proceeding, arbitration or litigation between the parties hereto arising out of or affecting this Agreement, or the rights or obligations of the parties
hereunder, unless such waiver or modification is in writing, duly executed as aforesaid, and the parties further agree that the provisions of this paragraph may not be waived except as herein set
forth. Failure of the Corporation to exercise or otherwise act with respect to any of its rights hereunder in the event of a breach of any of the terms or conditions hereof by the Employee shall not
be construed as a waiver of such breach nor prevent the Corporation from thereafter enforcing strict compliance with any and all of the terms and conditions hereof. 

        13.    Assignability.    The services to be performed by the Employee
hereunder are personal in nature and, therefore, the Employee shall not assign the Employee's rights or delegate the Employee's obligations under this Agreement, and any attempted or purported
assignment or delegation not herein permitted shall be null and void. 

        14.    Successors.    Subject to the provisions of
paragraph 13, this Agreement shall be binding upon and shall inure to the benefit of the Corporation and the Employee and their respective heirs, executors, administrators, legal
administrators, successors and assigns.

 

        15.    Notices.    Any notice or other communication required or
permitted hereunder shall be in writing and shall be deemed to have been given if delivered personally or mailed by certified or registered mail, return receipt requested, if to the Corporation, to: 

                        ,
President

THE DOE RUN RESOURCES CORPORATION,

d/b/a the DOE RUN COMPANY

1801 Park 270 Drive; Suite 300

St. Louis, Missouri 63146 

and,
if to the Employee, to: 

Mr. James
W. Grubbs

with
a copy to: 

William
C. Zifchak, Esq.

Kaye Scholer LLP

425 Park Avenue

New York, NY 10022 

or
to such other address as may be specified by either of the parties in the manner provided under this paragraph 15. 

        16.    Construction.    This Agreement shall be deemed for all
purposes to have been made in the State of Missouri and shall be governed by and construed in accordance with the laws of the State of Missouri, notwithstanding either the place of execution hereof,
nor the performance of any acts in connection herewith or hereunder in any other jurisdiction. 

        17.    Venue.    The parties hereto agree that any suit filed arising
out of or in connection with this Agreement shall be brought only in the Federal Court for the Eastern District of Missouri, unless said Court shall lack jurisdiction, in which case such action shall
be brought only in the Circuit Court in the County of St. Louis, Missouri. 

        18.    Disclosure of Existence of Agreement.    To preserve the
Corporation's rights under this Agreement, the Corporation may advise any third party of the existence of this Agreement and its terms, and the Employee specifically releases the Corporation from any
liability for doing so. 

        19.    Opportunity to Review.    The Employee hereby represents and
warrants that he has fully reviewed this Agreement with counsel he has selected, that he understands the meaning and effect of each paragraph of this Agreement, and that he enters into this Agreement
with the intent to abide by its terms.

 

        The
parties have executed this Agreement as of November 18, 2004. 

	 	 	THE DOE RUN RESOURCES CORPORATION,

d/b/a THE DOE RUN COMPANY
	

 	
 	

("Corporation")
	

 	
 	

By:	

/s/  MARV KAISER      
 Executive Vice, President
	

 	
 	

 	

JAMES W. GRUBBS
	

 	
 	

 	

/s/  JAMES W. GRUBBS      
 James W. Grubbs
	

 	
 	

 	

("Employee")

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EMPLOYMENT AGREEMENT

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