Document:

Document

DATED   _________________________ 2021

GAMESYS GROUP LIMITED (1)

and

ROBESON REEVES (2)

_________________________________
SERVICE AGREEMENT
___________________________________

       

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THIS AGREEMENT IS DATED                       2021
PARTIES:
(1)            Gamesys Group LIMITED whose registered office is 10 Piccadilly, London, England,  W1J 0DD (the "Employer"); and
(2)          Robeson Reeves of  [•] ("you") 

AGREED TERMS:
1.DEFINITIONS
1.1In this agreement, the following expressions have the following meanings:
"Appointment" means your employment under this agreement;

“Bally’s Corporation” means the company whose registered office is 100 Westminster Street, Providence, RI 02903, USA;
"Bally Board" means the board of directors of the Bally’s Corporation;
"Confidential Information" means all and any information, in whatever form, of or relating to the Employer or any member of the Group which you (or, where the context so requires, another person) have obtained by virtue of your employment or engagement and which the Employer or any member of the Group regards as confidential, including (but not limited to): 
(a)Financial information, results and forecasts, sales targets and statistics, market share and pricing statistics, profit margins, price lists, discounts, credit and payment policies and procedures;

(b)information relating to business methods, corporate plans, business strategy, marketing plans, management systems, maturing new business opportunities, tenders, advertising and promotional material;

(c)information relating to and details of customers, prospective customers, suppliers and prospective suppliers including their identities, business requirements and contractual arrangements and negotiations with the Employer or any member of the Group;

(d)details of employees, officers and workers of and consultants to the Employer or any member of the Group, their remuneration details, job skills, experience and capabilities and other personal information;

(e)information relating to trade secrets, research activities, development projects, inventions, designs, know-how, technical specification and other technical information in relation the development or supply of any future product or service of the Employer or any member of the Group and information concerning the intellectual property portfolio and strategy of the Employer or any member of the Group; 

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(f)any inside information (as defined in section 118C of the Financial Services and Markets Act 2000);

(g)any information in respect of which the Employer or any member of the Group is bound by an obligation of confidence to a third party;
but excluding any information which:
(i)is part of your own stock in trade;

(ii)is readily ascertainable to persons not connected with the Employer or any member of the Group without significant expenditure of labour, skill or money; or

(iii)which becomes available to the public generally other than by reason of a breach by you of your obligations under this agreement.
"Copies" means copies or records of any Confidential Information in whatever form (including, without limitation, in written, oral, visual or electronic form or on any magnetic or optical disk or memory and wherever located) including, without limitation, extracts, analysis, studies, plans, compilations or any other way of representing or recording and recalling information which contains, reflects or is derived or generated from Confidential Information;
“Dependants” means all and any of your spouse/partner and your children;
"Garden Leave" means any period during which the Employer exercises its rights under clause 16;
"Group" means Bally’s Corporation, the Employer, any subsidiary undertaking or parent undertaking of the Employer and any subsidiary undertaking of any such parent undertaking and "member of the Group" includes any undertaking in the Group.  In this Agreement, "subsidiary undertaking" and "parent undertaking" have the meanings set out in sections 1161 and 1162 of the Companies Act 2006, modified so that: sections 1162(2)(c) and 1162(4) do not apply; and in section 1162(3)(b), without limitation, a person is deemed to be "acting on behalf of" an undertaking or any of its subsidiary undertakings if any of that undertaking's shares are registered in the name of that person (i) as bare nominee; or (ii) by way of security or in connection with the taking of security.  For the avoidance of doubt, the definition of "undertaking" in section 1161, without limitation, includes limited liability partnerships;
"HMRC" means HM Revenue and Customs;
"Intellectual Property Rights" means patents, rights to Inventions, copyright and related rights, trade marks, trade names and domain names, rights in get-up, rights in goodwill or to sue for passing off, rights in designs, rights in computer software, database rights, rights in confidential information (including know-how and trade secrets) and any other intellectual property rights, in each case whether registered or unregistered and including all applications (or rights to apply) for, and renewals or extensions of, such rights and all similar or equivalent rights or forms of protection which may now or in the future subsist in any part of the world;
"Inventions" means inventions, ideas and improvements, whether or not patentable, and whether or not recorded in any medium; and
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"Investment" means any holding as a bona fide investment of not more than three per cent of the total issued share capital in any company, whether or not its shares are listed or dealt in on any recognised investment exchange.
2.APPOINTMENT AND TERM
2.1You will be employed by the Employer to perform the role of President, Interactive or in such other capacity commensurate with your skills, experience and status as you and the Employer agree (such agreement by you not to be unreasonably withheld), on the terms set out in this agreement.
2.2As President, Interactive, you will join the Bally Board and shall accept (if offered) appointment as a director of any other companies of the Group as the Employer directs. You will report to the Group CEO and help provide effective leadership in relation to the Group’s strategy, performance, risk and people management as well as ensuring high standards of fiscal probity and corporate governance.
2.3You shall, if and so long as the Employer requires, without further     remuneration:
2.3.1Carry out such duties on behalf of any company in the Group as the Employer or the Bally Board may direct; 
2.3.2Be seconded to the employment and/or carry out duties on behalf of any company of the Group;
2.3.3Act as a director, officer or consultant of any company of the Group,
but provided that such duties and services are commensurate with your seniority and without prejudice to your other rights under this agreement. 
2.4By accepting this Appointment you warrant that you have never been disqualified from being a company director and undertake that you are not subject to any restrictions that prevent you from holding the office of director. You must not put yourself in a position where your duties to any other person, firm or company conflict with your duties to Bally’s Corporation, the Employer or any company of the Group and confirm that you have disclosed to the Employer all circumstances in which there is, or there might be, a possible conflict of interest between Bally’s Corporation, the Employer, any company of the Group and you and you agree to disclose fully to the Employer any such circumstances that may arise during the Appointment.
2.5Your appointment as a director of Bally’s Corporation, the Employer or any company of the Group does not amount to a term of employment.  In the event of your ceasing to be director of Bally’s Corporation, the Employer or company of the Group for any reason, this will not amount to breach of this agreement and shall not give rise to a claim for damages or compensation.
2.6You warrant that you have not provided inaccurate or false information in connection with this Appointment, whether concerning your qualifications, references or otherwise.
2.7You warrant that you are entitled to work in the United Kingdom without any additional approvals and will notify the Employer immediately if you cease to be so entitled at any time.
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2.8The Appointment will commence on October 1, 2021 but your period of continuous employment with the Employer is confirmed as having begun on September 5, 2005. Your employment will, subject to the remaining terms of this agreement, continue until terminated by the Employer giving you not less than twelve months’ prior written notice, or by you giving the Employer not less than six months’ prior written notice.
3.DUTIES
3.1During the Appointment you will:
3.1.1unless otherwise approved by the Employer, devote the whole of your working time, attention and abilities to carrying out your role as President, Interactive or such other role as agreed with you in accordance with clause 2.1 above;
3.1.2diligently exercise such powers and perform such duties as may from time to time be assigned to you together with such person(s) as the Employer or the Bally Board may appoint to act jointly with you;
3.1.3diligently exercise such powers and perform such duties as are consistent with your position as President, Interactive, in accordance with the Employer’s and Bally’s Corporation’s policies and procedures (including its tax operating manuals) and in compliance with the Employer’s and Bally’s Corporation’s articles of association and relevant legal and regulatory obligations including in particular the Delaware General Corporation Law and in the UK, the Companies Act 2006. You are expected to familiarise yourself with the duties set out in the Delaware General Corporation Law and ss171 to 177 of the Companies Act 2006 and at all times conduct yourself in accordance with those duties and any other duties arising at law in the relevant jurisdictions of those Group companies in which you are appointed as a director as a result of your Appointment;
3.1.4use your best endeavours to promote, protect, develop and extend the business of the Group in existence from time to time;
3.1.5comply with all reasonable and lawful directions given to you by the Employer or Bally Board;
3.1.6under no circumstances whatsoever either directly or indirectly receive or accept for your own benefit any commission, rebate, discount, gratuity or profit from any person, firm or company having business transactions with the Employer or any member of the Group in existence from time to time unless previously agreed with the Bally Board;
3.1.7promptly make such reports to the person to whom you report on any matters concerning the affairs of the Group as are reasonably required;
3.1.8report to the employer your own wrongdoing and any wrongdoing or proposed wrongdoing of any other employee, director or consultant of the Employer or any member of the Group immediately on becoming aware of it;
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3.1.9comply with any code relating to dealing in the Employer's of any member of the Group’s securities as adopted by Bally’s Corporation or the Employer from time to time including, but not limited to, the U.S. Securities Exchange Act of 1934 and the Sarbanes-Oxley Act of 2002 and the UK Corporate Governance Code and associated guidance;
3.1.10comply with all policies communicated to you relating to anti-corruption and bribery;
3.1.11comply with any law, principles, rules and regulations which apply to the Employer or you as an employee of the Employer, including those of any regulatory authority or of any market on which any company of the Group’s  securities are quoted or traded including, but not limited to, the U.S. Securities Exchange Act of 1934 and the Sarbanes-Oxley Act of 2002 and the UK Financial Conduct Authority’s Disclosure Guidance and Transparency Rules; 
3.1.12comply with any corporate governance code or guidelines to the extent required by law or regulation or as adopted by the Employer or any company of the Group from time to time; 
3.1.13not enter into any legal or other commitment or contract on behalf of the Employer or member of the Group unless specifically instructed to do so by the Bally Board; and
3.1.14You may be required to attend meetings of, but not serve as, a voting member of Bally’s Corporation and/or the Employer’s standing Board Committees. You may also be required to serve on other committees of the Group and/or to assume additional responsibilities. You will be given copies of the terms of reference of any committees that you are required to serve on.
3.1.15accept your appointment as a director of Bally’s Corporation, the Employer or any company of the Group with or without such executive powers as the Bally Board or relevant board of the Group shall decide in its absolute discretion and resign from any appointment as a director if requested by the Bally Board without any claim for damages or compensation.  If you fail to resign any such appointment the Employer is hereby irrevocably authorised to appoint a person in your name and on your behalf to sign and execute all documents and do all things necessary to constitute and give effect to such resignation. Termination, at the Employer or Bally Board’s request, of a directorship or other office held by you will not terminate your employment or amount to a breach of the terms of this agreement by the Employer. 
3.2The Employer may issue policies, procedures and rules on the conduct that it expects from its employees and may amend or replace them from time to time. You must familiarise yourself with and comply with the content of any such policies, procedures and rules.
3.3You may be required to carry out work for or to hold office in any member of the Group at any time without additional remuneration.
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3.4The Employer (at its cost) shall provide you with a laptop and associated office equipment in order to enable the full discharge of your obligations under this agreement. 
3.5You are required to fully familiarise yourself with the Group and its business during the first three months following your appointment. You will be provided with such training and information as you may reasonably require for this purpose. You are expected to ensure that your skills and your knowledge of the Employer and the Group are kept up to date to enable you to fulfil your employment and fiduciary duties to the Employer. The Employer will provide you with the necessary resources for developing and updating your knowledge and skills and you should make yourself available for any relevant training sessions that may be organised for the Bally Board. The performance of individual directors and the whole Bally Board and its committees is evaluated annually. If in the interim there are any matters which will cause you concern about your role you should discuss them with the Senior Independent Director as soon as is appropriate. 
3.6The Employer takes a zero-tolerance approach to tax evasion. You must not engage in any form of facilitating tax evasion, whether under US law, UK law or under the law of any foreign country. You must immediately report to the Bally Board any request or demand from a third party to facilitate the evasion of tax or any concerns that such a request or demand may have been made. You must at all times comply with any relevant Employer or Group policy in force from time to time.
4.HOURS AND PLACE OF WORK
4.1Your normal working hours are standard business hours, Monday to Friday, together with such additional hours as may be necessary for the proper performance of your duties.
4.2The Working Time Regulations 1998 provides a limit on weekly working time of an average of 48 hours. However, you acknowledge that you may be required to work in excess of these hours and you agree that the limit on working time will not apply to your Appointment. You are entitled to terminate this opt-out at any time by giving not less than three months' written notice addressed to the Employer.
4.3Subject to the provisions contained in clause 4.4, your normal place of work is 10 Piccadilly, London W1J 0DD, but the Employer may require you to work at any place within Greater London on either a temporary or an indefinite basis.
4.4You also agree to travel (both within the United Kingdom and abroad) as and when required for the proper performance of your duties including but not limited to undertaking frequent travel to the United States. However, you will not be required to work outside the United Kingdom for any continuous period of more than one month.
5.REMUNERATION 
5.1You will be paid a sterling equivalent gross annual salary of US$850,000 per annum. Your salary which will accrue from day to day and be payable by equal instalments in arrears on the 25th (or if those dates fall on a weekend or public holiday, the next working day) of each calendar month. Your salary will be converted monthly from US dollars into sterling based on the average exchange rate in respect of the relevant calendar month in which you are paid (and in respect of which you accept that the 
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Employer shall bear no responsibility in respect of any fluctuations in exchange rate) and will be subject to UK income tax and National Insurance deductions.  
5.2You shall in addition remain at all times liable for any US taxes payable on your income but it is agreed that the Employer shall implement a tax protection policy, whereby, you will not be responsible for an increase in income or social security taxes in excess of what you would be responsible for had you performed all activities in the UK (activities fully performed in the UK as a UK employee and UK tax resident). The Employer will engage a third party to prepare the annual home and US tax returns and an annual tax reconciliation calculation upon the completion of the tax filings. The tax reconciliation calculation will determine whether a tax reimbursement and tax gross-up are warranted. A formal tax protection policy will be developed and made available to you providing further clarification on how tax protection may apply. 
5.3Your salary shall be reviewed annually each January, save in respect of your first year of Appointment under this agreement and it is agreed that the first such review shall take place in January 2023. The Employer is under no obligation to award an increase following a salary review.
5.4You will be eligible to participate in Bally’s Corporation LTIP scheme. Any LTIP awards will be subject to the performance conditions set by the Bally Board in its absolute discretion from time to time. The LTIP is a discretionary plan and any awards made under it are discretionary. As such, Bally’s Corporation may vary or withdraw the LTIP at any time. Participation in the LTIP is strictly subject to the rules of the LTIP as amended from time to time. In the event of any conflict between this agreement and the LTIP rules, the rules of the LTIP will prevail.
5.5You shall be entitled to participate in the Employer’s Annual Bonus Scheme in relation to each Financial Year of the Appointment on the terms of the Scheme (as set out at Schedule 1 of this agreement).
5.6The Employer may deduct from your salary or any other payments due to you any sums owed by you to the Employer or any member of the Group at any time.
6.EXPENSES
The Employer will reimburse all reasonable expenses wholly, properly and necessarily incurred by you in the performance of your duties under this agreement (including fees due to any relevant industry body in order to maintain your professional qualifications), subject to production of such receipts or other appropriate evidence as the Employer may require.
7.HOLIDAYS
7.1You will be entitled to 30 days' paid holiday in each holiday year (being the period from 1 January to 31 December) together with the usual bank and other public holidays in the UK (but not, for the avoidance of doubt those public holidays applicable in the United States). In the respective holiday years in which the Appointment commences or terminates, your holiday entitlement will be calculated on a pro rata basis for each complete month of service during the relevant year.
7.2Holiday can only be taken with the advance approval of the Employer. You may carry forward a maximum of five days' holiday from one holiday year to the next. Any such holiday carried forward must be taken by 31 March in the subsequent holiday year. 
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You are not entitled to receive any payment in lieu in respect of any unused entitlement, save on termination as provided in clause 7.3.
7.3On termination of the Appointment, the Employer may either require you to take any unused and accrued holiday entitlement during any notice period by giving you at least one day's notice (but such holiday entitlement will be deemed to be taken during any period of Garden Leave) or make a payment in lieu based on your entitlement under clause 7 for the holiday year in which your Appointment terminates. If the Employer terminates the Appointment for any of the reasons in clause 14.5 or if you resign in breach of clause 2.8, your entitlement to payment in lieu will be based on the minimum holiday entitlement under the Working Time Regulations 1998 only. If you have taken more holiday than your accrued entitlement, you will be required to reimburse the Employer in respect of the excess days taken and the Employer is authorised to deduct the appropriate amount from any sums due to you. Any payment in lieu or deduction made shall be calculated on the basis that each day of paid holiday is equivalent to 1/260th of your salary.
8.SICKNESS ABSENCE
8.1Provided you comply with the sickness absence procedures below (or such additional or alternative procedures as the Employer shall notify from time to time), you will continue to receive your full salary and contractual benefits during any absence from work due to illness or injury for an aggregate of up to 20 working days in any period of 12 months. Such payments will be inclusive of any statutory sick pay that may be due and the Employer may deduct from such payments the amount of any social security or other benefits that you may be entitled to receive and, to the extent that damages for loss of earnings are recoverable from any third party in relation to such incapacity, any payments under this clause will constitute a loan repayable to the Employer on demand at such time as you receive such third party payment (provided that you will not be required to repay a sum in excess of the amount of damages recovered).
8.2You will notify the Bally Board as soon as possible on the first day of absence of the reasons for your absence and how long it is likely to last.  You will be required to complete self-certification forms in respect of any period of absence and to provide a medical certificate for any period of incapacity of more than seven days (including weekends). Further certificates must be provided to cover any further periods of incapacity.
8.3You agree to consent to medical examinations (at the Employer's expense) by a doctor appointed by the Employer should the Employer reasonably require and you will provide to that doctor copies of your medical records. The results of the examination may be disclosed to the Employer and the Employer may discuss such results with the relevant doctor. Alternatively, you may be asked to obtain a medical report from your GP or another person responsible for your clinical care and to provide this to the Employer.
8.4If you are away from work due to illness or injury for a consecutive period of 30 working days the Employer may (without prejudice to the provisions of clause 14.5.8) appoint another person or persons to perform your duties.
8.5No sick pay under clause 8 will be paid (except statutory sick pay, if payable) on any day when:
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8.5.1a hearing is pending which relates to any aspect of your conduct or performance and which could result in the imposition of a warning, dismissal or other sanction; or
8.5.2you have been told, whether formally or informally, that there are concerns about any aspect of your conduct or performance which could result in a disciplinary hearing; or  
8.5.3you are in breach of your obligations in relation to medical examinations and reports set out above.
9.PENSION
9.1    You may at any time become an active member of a personal pension scheme which meets the requirements of a qualifying scheme for the purposes of section 16 of the Pensions Act 2008, and you will complete such tasks as are required to ensure the personal pension scheme is, and remains, a qualifying scheme. In such case, the Employer will contribute an amount equal to 10 per cent of your annual base salary in equal monthly instalments in arrears into such personal pension scheme. Contributions to the scheme will be subject to the rules of the relevant scheme and the tax relief, limits and exemptions available from HMRC from time to time. At such time as you maximise your pensions lifetime allowance the Company agrees that it shall in good faith negotiate the terms of a cash allowance in lieu of the pension contribution provided under this clause.
10.OTHER BENEFITS
10.1You will be entitled to participate in the following insurance schemes, details of which can be obtained from the Chief People Officer or the Chief Legal Officer and Company Secretary:
10.1.1private medical insurance (PMI) for you and your Dependants; 
10.1.2life assurance providing cover of not less than four times your annual basic salary; 
10.1.3permanent health insurance (PHI) providing cover of not less than 75% of annual salary; and
10.1.4directors and officers liability insurance.
10.2Any participation in the insurance benefits offered by the Employer will be subject to clause 10.3 below and:
10.2.1the rules of any scheme of the Employer, as amended from time to time;
10.2.2the rules and restrictions of the insurance policy of the relevant insurance provider, as amended from time to time; and
10.2.3you satisfying the normal underwriting requirements of the relevant insurance provider of the scheme of the Employer and the premium being at a rate which the Employer considers reasonable; and
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10.2.4where relevant, you and your Dependants doing everything reasonably necessary to enable cover to commence or remain in force.
10.3The Employer reserves the right to change the insurance companies with which the schemes are maintained, to change the rules of the schemes (including the basis of cover and the scale or level of benefit), to discontinue altogether and/or terminate any employee’s participation in any such schemes where, in the reasonable opinion of the Employer, it is unable to obtain such cover on reasonable terms. 
10.4If the insurance provider(s) refuse(s) for any reason to provide or stops providing any of the benefits to you listed in clause 10.1, the Employer shall not be liable to provide to you or your Dependants any replacement benefit of the same or similar kind or to pay any compensation in lieu of such benefit. 
10.5In addition, the Employer has no obligation to pursue any claim for benefits on behalf of you or your Dependants, or to provide a replacement benefit, or provide any compensation in lieu of such benefit, if it is not accepted by the relevant insurer or third party provider.  The Employer will have no liability to you or your Dependants for failure or refusal by the relevant insurer or provider to pay benefits, or for the cessation of benefits, paid leave or training on termination of the Appointment and is entitled to terminate the Appointment notwithstanding the fact that you may lose entitlement to benefits, paid leave or training under these arrangements.
11.OTHER INTERESTS
11.1You will not (except as a representative of the Employer or with the prior written approval of the Employer) whether paid or unpaid, directly or indirectly:
11.1.1undertake, be engaged or concerned in the conduct of;
11.1.2be or become an employee, agent, partner, consultant or director of; or
11.1.3assist or have any financial interest (other than the holding of an Investment) in any other business, trade, profession or occupation, whether actual or prospective. 
11.2You agree to disclose to the Employer any matters relating to your spouse or civil partner (or anyone living as such), children or parents which may, in the reasonable opinion of the Employer, be considered to interfere, conflict or compete with the proper performance of your obligations under this agreement. 
11.3You must communicate to the Bally Board any actual or potential conflict of interest arising out of your position as President, Interactive, together with any information or knowledge acquired or gained by you in any manner whatsoever whilst you continue in that office which may be of value or which may be to the detriment of the Employer or any member of the Group as soon as they become apparent. 
11.4You must comply (and shall procure that your spouse, or partner, your minor children and any relative sharing your household for at least one year shall comply) with all applicable rules of law, stock exchange regulations, regulatory guidance, the Market Abuse Regulation No 596/2014 and with any code of conduct of and/or in relation to the Employer or any of its subsidiary undertakings in relation to dealings in shares or any unpublished price sensitive information affecting the securities of any other company. 
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12.CONFIDENTIAL INFORMATION
12.1You will not (save in the proper course of your duties or as specifically authorised by the Employer) either during the Appointment or at any time after its termination (howsoever arising) directly or indirectly:
12.1.1use any Confidential Information;
12.1.2disclose or permit the disclosure of Confidential Information to any person, company, or organisation whatsoever; or
12.1.3make or use any Copies.
12.2You are responsible for protecting the confidentiality of the Confidential Information and shall:
12.2.1use your best endeavours to prevent the use or communication of any Confidential Information by any unauthorised person, company or organisation; and
12.2.2inform the Bally Board immediately upon becoming aware, or suspecting, that any such person, company or organisation knows or has used any Confidential Information.
12.3The restrictions above shall not apply to information:
12.3.1where its use or disclosure has been authorised by the Bally Board;
12.3.2where such information is already in, or comes into, the public domain other than through your unauthorised disclosure;
12.3.3which is a protected disclosure within the meaning of section 43A of the Employment Rights Act 1996; 
12.3.4which you or another person may be ordered to disclose by a court of competent jurisdiction;
12.3.5which you disclose pursuant to and in accordance with the Public Interest Disclosure Act 1998, provided you have complied with the Employer's policy (if any) from time to time regarding such disclosures; or 
12.3.6as may be required by law.
12.4     You must also comply with all legislative and regulatory requirements in relation to the disclosure of price sensitive information other than in the proper performance of your duties or as required by a Court of competent jurisdiction. 
13.INTELLECTUAL PROPERTY
13.1You shall give the Employer full written details of all Inventions and of all works embodying Intellectual Property Rights made wholly or partially by you at any time during the course of the Appointment (whether or not during working hours or using Employer premises or resources) which relate to, or are reasonably capable of being 
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used in, the business of the Employer or any member of the Group. You acknowledge that all Intellectual Property Rights subsisting (or which may in the future subsist) in all such Inventions and works shall automatically, on creation, vest in the Employer absolutely. To the extent that they do not vest automatically, you hold them on trust for the Employer. You agree promptly to execute all documents and do all acts as may, in the opinion of the Employer, be necessary to give effect to this clause 13.1.
13.2You hereby irrevocably waive all moral rights under the Copyright, Designs and Patents Act 1988 (and all similar rights in other jurisdictions) which you have or will have in any existing or future works referred to in clause 13.1 above.
13.3You hereby irrevocably appoint the Employer to be your attorney to execute and do any such instrument or thing and generally to use your name for the purpose of giving the Employer or its nominee the benefit of this clause 13 and acknowledge in favour of any third party that a certificate in writing signed by any Director or the Secretary of the Employer that any instrument or act falls within the authority conferred by this clause 13 shall be conclusive evidence that such is the case.
13.4You must ensure that any business contacts which you make in the course of the Appointment are reported to the Employer and entered into such customer relationship management database as the Employer may from time to time direct. Any immaterial failure to comply with this clause 13.4 shall not constitute a breach by you of this agreement. 
14.TERMINATION
14.1Notwithstanding clause 2.8, the Employer may (in its sole and absolute discretion) terminate the Appointment at any time and with immediate effect by giving you notice whether orally or in writing that it is exercising its right to do so under this clause and that it will make you a payment in lieu of notice equal to your salary which you would have been entitled to receive during the notice period (or remainder of the notice period) referred to in clause 2.8, less income tax and national insurance contributions. For the avoidance of doubt, any payment in lieu of notice under this clause shall not include any element in relation to: 
14.1.1any bonus or commission payments that might otherwise have been due during the period for which the payment in lieu is made
14.1.2any payment in respect of benefits which you would have been entitled to receive during the period for which the payment in lieu is made; and
14.1.3any payment in respect of any holiday entitlement that would have accrued during the period for which the payment in lieu is made. 
14.2The Employer may elect to pay the payment in lieu of notice in equal monthly instalments during what would otherwise have been the notice period referred to in clause 2.8. You are obliged to seek alternative income during this period and to immediately notify the Employer of any such income received. The instalment payments will then be reduced by the amount of such income. The Employer agrees to negotiate with you a suitable time to pay any sums connected with the termination of your Appointment. 
14.3You will have no right to receive a payment in lieu of notice unless the Employer has exercised its discretion in clause 14.1 above. Nothing in this clause 14 shall prevent 
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the Employer from terminating the Appointment and electing not to make you any payment in lieu of notice.
14.4Notwithstanding clause 14, you will not be entitled to any payment in lieu if the Employer would otherwise have been entitled to terminate the Appointment without notice in accordance with clause 14.5. In that case the Employer will also be entitled to recover from you any payment in lieu (or instalments thereof) already made.
14.5The Employer may also terminate the Appointment at any time with immediate effect without notice and without payment in lieu of notice if you:
14.5.1are guilty of gross misconduct or serious negligence or serious incompetence in connection with your Appointment or affecting the business or affairs of the Employer or commit any material or (after warning) repeated or continued breach or non-observance of your obligations to the Employer (whether under this agreement or otherwise) or if you refuse or neglect to comply with any reasonable and lawful directions of the Employer;
14.5.2are guilty of any fraud or dishonesty or act in a manner which in the reasonable opinion of the Employer brings or is likely to bring you or the Employer or any member of the Group into disrepute or is materially adverse to the interests of the Employer or any member of the Group;
14.5.3are guilty of a serious breach of any principles, rules, regulations or policies or any corporate governance code or guidelines applicable to you or the Employer or adopted by the Employer from time to time;
14.5.4are convicted of any arrestable criminal offence (other than a motoring offence in the United Kingdom or elsewhere for which a non-custodial penalty is imposed) or any offence under any regulation or legislation relating to insider dealing;
14.5.5have provided false or misleading information to the Employer in respect of your suitability for the Appointment or your qualifications and experience;
14.5.6become bankrupt or make any arrangement with or for the benefit of your creditors or have an interim order made against you pursuant to s252 of the Insolvency Act 1986 or a county court administration order made against you under the County Court Act 1984;
14.5.7become of unsound mind or a patient under any statute relating to mental health;
14.5.8are prevented by illness, injury or other incapacity from fully performing your obligations to the Employer for an aggregate of at least 130 working days in any period of 12 months (even if, as a result of such 
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termination, you would forfeit any entitlement to benefits under any permanent health insurance scheme provided by the Employer; 
14.5.9commit any serious or persistent breach or non-observance of the rules of any applicable regulatory authority including the U.S. Securities and Exchange Commission and the UK Financial Conduct Authority; 
14.5.10are or become prohibited by law or the Articles of Association of the Employer or any regulatory body applicable to the Employer from being a director; or
14.5.11you resign as a director of the Employer or any other directorship to which you are appointed, other than at the request of the Board.
14.6The rights of the Employer under clause 14.5 are without prejudice to any other rights that it might have at law to terminate the Appointment or to accept any breach by you of this agreement as having brought the agreement to an end. Any delay by the Employer in exercising its rights to terminate shall not constitute a waiver thereof.
15.OBLIGATIONS ON TERMINATION
15.1On the termination of the Appointment (howsoever arising) or, if earlier, at the start of any Garden Leave, you will:
15.1.1immediately deliver to the Employer all property of the Employer or any member of the Group which may be in your possession or control including, without limitation, mobile phone, company car (if any), blackberry, PDA (and similar devices), passes, keys, credit cards, business equipment, computer equipment, and all Copies, correspondence, documents, papers, memoranda, notes and records (including, without limitation, any records stored by electronic means, together with any codes or implements necessary to give full access to such records), system designs, software designs and software programmes (in whatever media) relating to the business or affairs of the Employer and all copies of the above whether in a physical or electronic form, along with any passwords used by you on Employer or Group computers and any documents used or created by you, provided that where you are on Garden Leave you will not be required to return to the Employer (until the termination of the Appointment) any property provided to you as a contractual benefit under the terms of this agreement;
15.1.2irretrievably delete any information relating to the business of the Employer or any member of the Group stored on any magnetic or optical disk or memory and all matter derived from such sources which is in your possession or under your control outside the Employer's premises;
15.1.3provide a signed statement that you have complied fully with your obligations under clauses 15.1 and 15.1.2;
15.1.4immediately resign, without any claim for compensation, from all offices held in the Employer or any member of the Group, including but not limited to Bally’s Corporation, and as a trustee of any pension scheme 
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connected to the Employer or any member of the Group, and you hereby irrevocably appoint the Employer to be your attorney to execute any documents and do any things and generally to use your name for the purpose of giving the Employer or its nominee the full benefit of this clause;
15.1.5transfer without payment to the Employer or as it may direct any shares or other securities held by you in the Employer or any member of the Group as a nominee or trustee for the Employer or any member of the Group and deliver to the Employer the related certificates, and you hereby irrevocably appoint the Employer to be your attorney to execute any documents and do any things and generally to use your name for the purpose of giving the Employer or its nominee the full benefit of this clause.
15.2On termination of the Appointment (howsoever arising and whether lawful or not) you will have no rights as a result of this agreement or any alleged breach of this agreement to any compensation under or in respect of any long term incentive scheme of the Employer in which you may participate or have received grants or allocations at or before the date the Appointment terminates. Any rights which you may have under such scheme(s) shall be exclusively governed by the rules of such scheme(s) as in force from time to time.
15.3If the Appointment is terminated at any time in connection with any reconstruction or amalgamation of the Employer whether by winding up or otherwise and you receive an offer of employment (on terms no less favourable overall than the terms of this agreement) from an undertaking involved in or resulting from such reconstruction or amalgamation you will have no claim whatsoever against the Employer arising out of or connected with such termination.
16.GARDEN LEAVE
16.1The Employer is under no obligation to provide you with work and may (if either party serves notice to terminate the Appointment or if you purport to terminate the Appointment in breach of contract) require you not to perform any duties or to perform only specified duties.
16.2During any period of Garden Leave, you shall:
16.2.1remain an employee of the Employer and be bound by the terms of this agreement (including, but not limited to, your implied duties of good faith and fidelity);
16.2.2continue to receive your salary and contractual benefits in the usual way (subject to the rules of the relevant benefits scheme(s) in force from time to time and the terms of this agreement);
16.2.3not, without the prior written consent of the Employer attend your place of work or any other premises of the Employer or any member of the Group;
16.2.4not contact or deal with (or attempt to contact or deal with) any officer or employee (other than on a purely social basis), consultant, client, customer, supplier, agent, distributor, shareholder, adviser or other 
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business contact of the Employer or any member of the Group except such person(s) as the Bally Board shall designate in writing, and the Employer may suspend your access to all or any information technology systems of the Employer and any member of the Group;
16.2.5be deemed to take any accrued but unused holiday entitlement; and
16.2.6(except during any periods taken as holiday, which should be notified in advance in accordance with the usual procedures) ensure that the Employer knows where and how you can be contacted during normal working hours.
16.3During any period of Garden Leave, the Employer may, in its absolute discretion, appoint another person to perform your responsibilities jointly with you or in your place.
17.RESTRICTIVE COVENANTS
17.1In this clause 17:
"Capacity" means as agent, consultant, director, employee, owner, shareholder or in any other capacity;
“Client” means any person, firm, limited liability partnership, company or other entity who or which is at the Termination Date and/or was at any time during the Relevant Period, a client of the Employer or the Group and: 
(a)with whom or which you had dealings (other than on a minimal basis) during the course of your employment at any time during the Relevant Period; or 
(b)in respect of whom you had personal knowledge, contact or dealings in the course of your duties at any time during Relevant Period; or 
(c)about whom you had access to Confidential Information.
“Prospective Client” means any person, firm, limited liability partnership, company or other entity who or which is as at the Termination Date and/or was at any time during the Relevant Period in discussions with the Employer or the Group with a view to entering into a contract with the Employer or the Group for the provision of goods or services, and in which discussions you were involved (other than on a minimal basis) or about which discussions you had access to Confidential Information.
Protected Supplier means any person, firm, limited liability partnership, company or other entity who or which has provided goods or services (other than utilities or administration-related supplies) to the Employer or the Group and with whom you had dealt in the course of your employment at any time during the Relevant Period (other than on a minimal basis) or about whom you had access to Confidential Information.
"Key Employee" means any person who immediately prior to the Termination Date was employed or engaged by the Employer or any member of the Group as a vice president or above, or any person in the finance department (save for anyone carrying out a purely administrative function), or any other person employed or engaged by the Employer or any member of the Group who could materially damage the interests of 
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the Employer or any member of the Group and with whom you had personal dealings during the Relevant Period;
"Relevant Period" means the period of 12 months ending on the Termination Date;
"Restricted Business" means the business of the Employer and any member of the Group with which you were materially concerned or had management responsibility for or had substantial Confidential Information, in each case during the Relevant Period;
"Termination Date" means the date on which the Appointment terminates or, if you spend a period on Garden Leave immediately before the termination of the Appointment, such earlier date on which Garden Leave commences.
17.2      You covenant with the Employer (for itself and as trustee and agent for each member of the Group) that you will not (except with the prior written approval of the Employer), directly or indirectly, on your own behalf or on behalf of or in conjunction with any firm, company or person both during your Appointment and:
17.1.1for twelve months following the Termination Date be engaged, concerned or involved in any Capacity with any business which is in competition with any Restricted Business;
17.1.2for twelve months following the Termination Date offer to employ or engage or otherwise endeavour to entice away from the Employer or any member of the Group any Key Employee (whether or not such person would breach their contract of employment or engagement);
17.1.3for twelve months following the Termination Date employ or engage or facilitate the employment or engagement of any Key Employee (whether or not such person would breach their contract of employment or engagement) in any business which is in competition with any Restricted Business; 
17.1.4at any time after the Termination Date represent yourself as being in any way connected with (other than as a former employee), or interested in the business of the Employer or any member of the Group or use any registered names or trading names associated with the Employer or any member of the Group;
17.1.5for the period of twelve months following the Termination Date, solicit or entice away or endeavour to solicit or entice away from the Employer or the Group or otherwise seek to obtain business from a Client or Prospective Client.  Nothing in this Clause 17.1.5 will prohibit the seeking or doing of business not in direct or indirect competition with the Restricted Business of the Employer or the Group;
17.1.6for the period of twelve months following the Termination Date, deal with or accept orders or business from a Client or Prospective Client.  Nothing in this Clause 17.1.6 will prohibit the seeking or doing of 
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business not in direct or indirect competition with the Restricted Business of the Employer or the Group;
17.1.7for the period of twelve months following the Termination Date entice or seek to entice away from the Employer or the Group any Protected Supplier or otherwise solicit or interfere with the relationship between the Protected Supplier and the Employer or the Group with a view to that Protected Supplier ceasing to supply goods or services to the Employer or the Group or reducing the type and/or volume of goods or services supplied to the Employer or the Group or adversely altering the terms on which it supplies goods or services to the Employer or the Group.
17.3          None of the restrictions in clause 0 above shall prevent you from:
17.3.1          holding an Investment;
17.3.2          being engaged or concerned in any business insofar as your duties or work relate solely to geographical areas where that business is not in competition with any Restricted Business; or
17.3.3        being engaged or concerned in any business insofar as your duties or work relate solely to services or activities of a kind with which you were not concerned during the Relevant Period.
17.4         You acknowledge that following termination of the Appointment, you will be in a position to compete unfairly with the Group as a result of the Confidential Information, trade secrets and knowledge about the business, operations, customers, employees and trade connections of the Employer and the Group you have acquired or will acquire and through the connections that you have developed and will develop during the Appointment.  You therefore agree to enter into the restrictions in this clause 17 for the purpose of protecting the Employer's and Bally’s Corporation’s legitimate business interests and in particular the Confidential Information, goodwill and the stable trained workforce of the Employer and the Group.    
17.5     Each of the restrictions contained in this clause 17 (on which you have had the opportunity to take independent legal advice) is intended to be separate and severable and while they are considered by the parties to be reasonable in all the circumstances, it is agreed that if any one or more of such restrictions is held to go beyond what is reasonable in all the circumstances for the protection of the legitimate interests of the Employer or any member of the Group but would be valid if any particular restriction(s) were deleted or some part or parts of its or their wording were deleted, restricted or limited then such restriction(s) shall apply with such deletions, restrictions or limitations as the case may be.
17.6         You agree that you will (at the request and cost of the Employer) enter into a separate agreement with any member of the Group for which you perform services under which you will agree to be bound by restrictions corresponding to the restrictions contained in this clause 17 (or such similar restrictions as will be appropriate provided that such restrictions shall be no wider in scope than those contained in this clause) in relation to such member of the Group. 
17.7       You agree that if your employment is transferred to any person, company, firm, organisation or other entity other than the Employer or any member of the Group (the 
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"New Employer") pursuant to the Transfer of Undertakings (Protection of Employment) Regulations 2006, you will, if required, enter into an agreement with the New Employer that will contain provisions that provide protection to the New Employer similar to that provided to the Employer and any member of the Group under clause 0.
17.8      If, during the Appointment or any period during which the restrictions in this clause 17 apply you receive an offer to be involved in a business in any Capacity, you will notify the person making the offer of the terms of this clause 17.
18.DISCIPLINARY AND GRIEVANCE PROCEDURE
18.1You are subject to the Employer's disciplinary procedures, which are available from the Chief Legal Officer and Company Secretary. These procedures do not form part of your contract of employment. If you are dissatisfied with any disciplinary decision, you should apply in writing to the Chair.
18.2The Employer may at any time suspend you on full pay for such as shall be reasonably necessary for the purposes of investigating any allegation of misconduct or neglect against you.
18.3If you wish to obtain redress of any grievance relating to the Appointment you should apply in writing to the person to whom you report, in accordance with the Employer's grievance procedures which are available from the Chief Legal Officer and Company Secretary of The Employer. These procedures do not form part of your contract of employment.
19.DATA PROTECTION, PRIVACY AND COMPUTER SYSTEMS
18.4The Employer will collect and process personal data about individuals (including     prospective and current employees, workers and contractors) in accordance with the Data Protection Act 2018, the UK GDPR and other related privacy legislation.  The Employer will process such personal data:
19.1.1as set out in the Employer’s Privacy Notice and other fair processing information as may be amended from time to time;
19.1.2as set out in this Agreement, and in order to perform the Employer's obligations under any contract between the Employer and you; and
19.1.3in order to comply with any court order, request from or referral to an appropriate authority, or legal, regulatory or good practice requirement, for example as required by HM Revenue and Customs.
18.5You will comply with the Employer's Data Protection Policy as amended from time to time when handling personal data in the course of your Appointment including personal data relating to any employee, worker, contractor, customer, client, supplier or agent of the Employer.  You agree to comply with the Employer's policies in force from time to time regarding the use of email, internet, social media and telecommunications and the use of equipment provided to you for use in the normal course of your Appointment including without limitation any method of electronic communication.
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18.6Failure to comply with the Data Protection Policy or any other policies relevant to Clause 18.5 may be dealt with under the Employer's disciplinary procedure and, in serious cases, may be treated as gross misconduct leading to summary dismissal.
20.E-MAIL AND INTERNET
Telephone calls made and received by you using the Employer's equipment, use of the e-mail system to send or receive business or personal correspondence and use of the internet may be monitored and/or recorded by the Employer. You acknowledge that the content of any communications using the Employer's systems or anything stored on such systems will not be private and confidential to you but will belong to the Employer and that the use of such systems is for business purposes only. 
21.COLLECTIVE AGREEMENTS
There are no collective agreements which directly affect the Appointment.
22.NOTICES
Any notice to be given under this agreement shall be in writing.  Notices may be given by either party by personal delivery or post addressed to the other party at (in the case of the Employer) its registered office for the time being and (in the case of you) either to your address shown in this agreement or to your last known address and shall be deemed to have been served at the time at which it was delivered personally or, if sent by post, would be delivered in the ordinary course of post. For the avoidance of doubt, no notices may be served by e-mail except with the written consent of the other party.
23.FORMER AGREEMENTS
23.1This agreement contains the entire understanding between the parties and is in substitution for any previous letters of appointment, agreements or arrangements or understandings, whether written, oral or implied, relating to your Appointment or engagement, which shall be deemed to have been terminated by mutual consent as from the commencement of this agreement. You warrant that you have not entered into this agreement in reliance on any warranty, representation or undertaking of any nature whatsoever which is not contained in this letter. 
23.2You hereby warrant and represent to the Employer that you will not, in entering into this agreement or carrying out your duties under this agreement, be in breach of any 
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other terms of employment whether express or implied or any other obligation binding upon you.
24.CONSTRUCTION
24.1The headings in this agreement are inserted for convenience only and shall not affect its construction.
24.2Any reference to a statutory provision shall be construed as a reference to any statutory modification or re-enactment of such provision (whether before or after the date of this agreement) for the time being in force.
24.3The schedules to this agreement, if any, form part of and are incorporated into this agreement.
24.4No modification, variation or amendment to this agreement shall be effective unless such modification, variation or amendment is in writing (not including e-mail) and has been signed by or on behalf of both parties.
25.THIRD PARTY RIGHTS
The Contracts (Rights of Third Parties) Act 1999 shall not apply to this agreement and no person other than you and the Employer shall have any rights under it.
26.COUNTERPARTS
This agreement may be executed in any number of counterparts and by the parties to it on separate counterparts, each of which shall be an original but all of which together shall constitute one and the same instrument.  The agreement is not effective until each party has executed at least one counterpart, and it has been received by the other party (transmission by fax or email (in a PDF format) being acceptable for this purpose) and the agreement has been dated by agreement.
27.PROPER LAW
27.1Any claim or matter of whatever nature arising out of or relating to this agreement or its subject matter (including, but not limited to, non-contractual disputes or claims) shall be governed by, and this agreement shall be construed in all respects in accordance with, the law of England and Wales.
27.2Each party irrevocably agrees to submit to the exclusive jurisdiction of the courts of England and Wales over any claim or matter arising out of or relating to this agreement or its subject matter (including, but not limited to, non-contractual disputes or claims).

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This agreement has been executed as a deed and is delivered and takes effect on the date stated at the beginning of it.

									
	EXECUTED as a deed by 

GAMESYS GROUP LIMITED
acting by a director, in the presence of:
		Signature
		/s/ Dan Talisman

		Director
			Print name
  Dan Talisman

Witness signature     /s/ Sarah Tyler                                                                                 
Name (in BLOCK CAPITALS) SARAH TYLER                                                                
Address 10 PICCADILLY CIRCUS LONDON W1J 0DD                                                  

									
	SIGNED as a deed by 

ROBESON REEVES

in the presence of:
		Signature
		/s/ Robeson Reeves

									
	Witness signature		/s/ Ines Zdelar

Name (in BLOCK CAPITALS)  INES ZDELAR                                                                  
Address  Flat B      69 Cobbold Road      W12 9LA                                                           

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Schedule 1
Bonus scheme
1.Definitions
1.1The definitions in this paragraph apply in this Schedule.
Accounts means the audited profit and loss account of the Employer.
Annual Bonus means an annual performance bonus under the terms of the Scheme. 
Financial Year means Bally’s Corporation’s financial year ending on 31 December each year.
Payment Date means at such time as Annual Bonuses are paid to other senior executives of the Employer generally, but in any event within 30 days following the completion of the audit of the Employer’s books and records by the Employer’s auditors in respect of such Financial Year to which such Annual Bonus relates.
Personal Performance Targets means the individual targets relating to your personal performance set by the Board in the relevant Financial Year and notified to you at the beginning of that Financial Year.
Salary means your basic salary as set out in clause 5.1 of this Agreement, as increased from time to time. 
Scheme means the bonus scheme as detailed in this Schedule, as amended from time to time.
2.Entitlement
2.1You shall be entitled to participate in the Annual Bonus in relation to each Financial Year of the Appointment on the terms of this Scheme. Any Annual Bonus awarded to you shall not form part of your pensionable pay. 
2.2The amount of any Annual Bonus in any particular Financial Year (if any payable) shall be determined by the Board in its sole discretion and shall be contingent upon the attainment of the Personal Performance Targets, but shall not exceed 100% of Salary.
2.3If you:
2.3.1commence employment part way through the Financial Year; or
2.3.2work on a part-time basis,
the sum calculated in accordance with paragraph 2.2 shall be pro-rated, as appropriate.
2.4No later than 60 days after the end of each Financial Year, the Board shall notify you in writing of the extent to which the Personal Performance Targets for that Financial Year have been achieved and the amount of your Annual Bonus (if any payable). The decision of the Board shall be final and binding.
2.5The bonus (if any payable) shall be paid to you on the Payment Date.
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2.6Award of an Annual Bonus in one year shall not entitle you to a bonus in subsequent years.
3.Interim payments
3.1The Board may in its absolute discretion pay to you from time to time during a Financial Year an interim payment or payments on account of any anticipated Annual Bonus to be awarded  under the Scheme at the end of that Financial Year. If the Board makes an interim payment or payments, it shall not be obliged to make such payment or payments in respect of any subsequent Financial Years.
3.2If such payment or payments exceed the Annual Bonus ultimately determined by the Board to be payable to you for such Financial Year, the Board can carry forward the excess on account of Annual Bonus due to you for the next Financial Year.
4.Termination of employment
4.1Subject to clause 4.2, if, as at the Payment Date, you are no longer employed by the Employer or either you or the Employer have given notice to terminate the Appointment, you shall, subject always to clause 2.2 of this Schedule, be entitled to a pro-rated bonus in respect of the period of service in the Financial Year in which the Appointment terminates, calculated at the end of that year and payable on the Payment Date.
4.2You shall not be entitled to be considered for any pro-rated Annual Bonus in the event that your employment is terminated in accordance with clause 14.5 of the employment contract. 
5.Variation
5.1The Scheme shall be administered under the direction of the Board and the Company reserves the right to vary (with or without replacement by a further scheme) its terms in any respect.
6.General
6.1We will deduct income tax under PAYE and any National Insurance contributions (and all and any other deductions required by law) from any bonus payable to you.
6.2Any bonus payment payable to you will not be taken into account for the purpose of calculating pension contributions.

25Document

Exhibit 10.1

AMENDED AND RESTATED
EMPLOYMENT AGREEMENT

This Amended and Restated Employment Agreement (“Agreement”) is entered into as of August 5, 2022 and effective as of the Commencement Date (as defined below) by and between Compass Minerals International, Inc., a Delaware corporation (“Company”), and Kevin S. Crutchfield (“Executive”).

WHEREAS, Company and Executive previously entered into that certain Employment Agreement dated April 19, 2019 (the “Prior Agreement”);

WHEREAS, Company desires to amend and restate the terms of the Prior Agreement as set forth herein; and

WHEREAS, Executive is willing to continue to render services to Company on the terms and conditions set forth herein with respect to such employment;

NOW, THEREFORE, for and in consideration of the premises and the mutual covenants and agreements contained herein, Company and Executive agree as follows:

1.Employment. Company hereby agrees to continue to employ Executive as President and Chief Executive Officer (“CEO”) upon the terms and conditions set forth herein, which employment Executive hereby accepts. In addition, Executive shall continue to serve on Company’s Board of Directors (“Board”) as of the Commencement Date (as defined below); provided, however, that the termination of Executive’s employment with Company for any reason shall automatically result in Executive’s resignation from the Board and any director or officer role he has with Company’s subsidiaries or related entities.

2.Exclusive Services. Executive shall devote substantially all of his working time to the business of Company during the term of this Agreement and shall not, directly or indirectly, render any services to or for the benefit of any other business, corporation, organization, or entity, whether for compensation or otherwise, without the prior knowledge and written consent of Company’s Board; provided, however, that this Section 2 shall not prevent Executive’s involvement in civic/charitable activities and management of his personal investments that do not interfere with performance of his duties (as described herein). In addition, Executive shall be permitted to serve on up to one (1) non-competitive for-profit board, subject to the approval of the Board which approval shall not be unreasonably withheld.

3.Duties. Company shall continue to employ Executive as President and CEO of the Company, in which position Executive shall perform for or on behalf of Company such duties as are customary of Company’s President and CEO and such other duties as Company’s Board shall reasonably assign from time to time in its discretion and that are consistent with such position; shall render his services at the principal business offices of Company in Overland Park, Kansas, unless otherwise agreed in writing between Company’s Board and Executive; provided, however, that Executive shall be permitted to work remotely in his reasonable, good faith discretion, subject to the business needs of the Company; provided, that any travel expenses associated with such remote work shall be borne solely by Executive.  Executive shall perform such duties in accordance with Company’s policies and practices, including but not limited to its employment policies and practices, and subject only to such reasonable limitations, instructions, directions, and control, consistent with such position, as Company’s Board may specify from time to time in its discretion; provided, however, that Executive’s performance of his duties hereunder shall at all times be subject to Section 9.

4.Term. This Agreement shall begin on August 5, 2022 (“Commencement Date”) and shall terminate on May 31, 2025 (“Initial Term”), but shall extend automatically for successive one-year periods (each a “Renewal Term”) unless, not later than sixty days before expiration of the Initial Term or any Renewal Term, Company or Executive provides the other party with written notice to the contrary (a “Nonrenewal”). For the avoidance of doubt, any Nonrenewal by the Company shall be treated as a termination of Executive’s employment by the Company other than for Cause under the Change in Control Severance Agreement.

5.Compensation. As compensation for services rendered under this Agreement, Executive shall receive the following:

a.Base Salary. Initially, Company shall pay Executive a base salary (“Base Salary”) of $1,124,000 per year, payable in accordance with Company’s regular payroll schedule, less applicable deductions and withholdings. 
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Company (1) shall review Executive’s Base Salary at least annually for increase and (2) may increase Executive’s Base Salary at any time in its discretion. The Base Salary shall not be decreased for any reason without Executive’s express written consent, except as permitted by clause (ii) of the definition of “Good Reason” below.

b.Annual Bonus. Executive shall be eligible to receive an annual bonus from Company pursuant to an annual performance based incentive compensation program to be established by the Board (in consultation with Executive), with Executive’s annual target per fiscal year to be no less than 150% of Executive’s then Base Salary (the “Target Bonus”). Payment of any bonus described in this Section 5.b. shall be according to the established plan or program and subject to Executive’s continued employment by Company through the date the bonus is paid pursuant to the annual incentive compensation program. With respect to fiscal year 2022, Executive’s annual bonus shall not be subject to pro ration and his Base Salary for calculation purposes shall be based upon a full fiscal year Base Salary.

c.Long Term Incentives. Executive shall be entitled to equity-based compensation awards that Company extends generally from time to time to its executives, subject to the terms and conditions of any respective equity-based compensation plans and award agreements and the provisions of this Agreement. Executive’s annual target long term equity award amount will be no less than 350% of Executive’s then Base Salary; subject to annual review in future years by the Company’s compensation committee as part of its customary compensation review process.

d.Attorney Expenses.  Upon the Executive’s submission of appropriate itemized proof and verification of reasonable and customary legal fees incurred by the Executive in obtaining legal advice associated with the review, preparation, approval, and execution of this Agreement, the Company shall reimburse the Executive for up to $15,000 in the aggregate for all such legal fees no later than ninety (90) days following receipt of an invoice for legal services from Executive and/or the Executive’s attorneys.

e.Performance Incentive.  As a performance incentive, the Company shall grant Executive a performance stock unit (“PSU”) incentive award (the “Performance Award”) on the Commencement Date with respect to a number of shares of the Company’s common stock equal to $2,500,000 divided by the closing stock price of the Company’s common stock on the date of grant (or, if such date is not a trading day, the closing stock price on the immediately preceding trading day) (such target number of PSUs, the “Target PSUs”).  The Performance Award shall be eligible to vest on May 31, 2025 (the period beginning on the Commencement Date and ending on May 31, 2025, the “Performance Period”) based on the achievement of the performance conditions set forth on Exhibit A attached hereto.  

6.Benefits. In addition to the compensation pursuant to Section 5 hereof, Executive shall be entitled to or eligible for the following:

a.Participation in Employee Plans. Executive shall be entitled to participate in any health, disability, and group term life insurance plans; in salary deferrals plan(s); in any pension, retirement, or profit sharing plans; in any annual executive bonus or other compensation plans; and/or in any other perquisites and benefit plans that Company extends generally from time to time to its executives. In addition, Executive shall be entitled to (i) an “executive physical,” for which Company, at Executive’s election, will either pay directly or reimburse Executive and (ii) annual reimbursement for supplemental life insurance for himself up to $2,000,000; provided that in no case shall the Company’s financial obligation pursuant to this clause (ii) exceed $25,000 per year. Payments or reimbursements made by Company pursuant to clause (ii) of the preceding sentence shall be made within 60 days of Company’s receipt of an invoice or other evidence of request for payment provided by the insurance provider to Executive. In the event that Executive’s employment by Company is terminated, Company shall have no further obligation pursuant to such clause (ii).

b.Vacation. Executive shall be entitled to up to 5 weeks of paid vacation annually.

7.Reimbursement of Expenses. Subject to such rules and procedures as Company from time to time adopts or specifies, Company shall reimburse Executive for reasonable business expenses properly incurred in the performance of his duties under this Agreement.
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8.Ancillary Agreements Incorporated. Executive hereby acknowledges and agrees that the compensation and benefits set forth in this Agreement are in consideration for his continued compliance with the terms and conditions of (i) that certain Restrictive Covenant Agreement, by and between Company and Executive, dated May 15, 2020 (the “Restrictive Covenant Agreement”), (ii) that certain Change in Control Severance Agreement, by and between Company and Executive, dated May 15, 2020 (the “Change in Control Severance Agreement”) and (iii) that certain Confidentiality and Invention Assignment Agreement, by and between Company and Executive, dated April 19, 2019 (the “Confidentiality Agreement” and, together with the Restrictive Covenant Agreement and the Change in Control Severance Agreement, the “Ancillary Agreements”), each of which remain in full force and effect. Executive shall comply with the terms of each Ancillary Agreement in all respects, each of which is incorporated by reference herein, and all references to the Prior Agreement in any of the Ancillary Agreements shall hereinafter be considered to be references to this Agreement (and, for the avoidance of doubt, this Agreement shall be considered an amendment in writing signed by both parties for purposes of each Ancillary Agreement). 

9.Termination. This Agreement may be terminated as follows:

a.This Agreement and Executive’s employment hereunder shall automatically terminate in the event of Executive’s Death or Disability.

b.Company may terminate this Agreement and Executive’s employment hereunder at any time, with or without Cause, upon written notice to Executive. Executive may terminate this Agreement and his employment hereunder at any time (including for voluntary retirement), without Good Reason, upon 30 days written notice to Company (for which notice period Executive shall be compensated even if Company relieves Executive of his duties during such period), or pursuant to the Good Reason procedure set forth in Section 9(c)(3) below.

c.For purposes of this Agreement

(1)           “Disability” shall mean the Executive’s inability to perform the essential functions of his position, with or without reasonable accommodation, by reason of any medically determinable physical or mental impairment that lasts for more than one hundred and eighty (180) consecutive days.

(2)           “Cause” means any of the following: (i) conviction of, or plea of guilty or nolo contendere to, a felony or misdemeanor involving moral turpitude; (ii) indictment of Executive for a felony or misdemeanor under the federal securities laws; (iii) willful misconduct or gross negligence in connection with Executive’s duties to the Company resulting in material harm to Company; (iv) willful breach of Executive’s duties or responsibilities herein or in any Ancillary Agreement; (v) fraud, embezzlement, theft, or material dishonesty against Company or any Subsidiary, or (vi) willful violation of a policy or procedure of Company, resulting in any case of this clause (vi) in material harm to Company. For purposes of this Section, “willful” means those acts taken/not taken in bad faith and without reasonable belief such action/inaction was in the best interests of Company or its affiliates. Company must notify Executive in writing of any event constituting Cause within 90 days following Company’s knowledge of its existence and provide him with the reasonable opportunity to be heard before the Board (with Executive’s counsel present) or such event shall not constitute Cause under this Agreement. Any determination as to whether or not Cause exists for termination of Executive’s employment shall be made on the Company’s behalf by the Board.  For purposes of the Ancillary Agreements, the definition of “Cause” set forth herein shall control.

(3)           Executive shall have “Good Reason” to terminate this Agreement and his employment hereunder in the event of: (i) a material adverse change in Executive’s duties, title, position, authority, reporting or responsibilities (including failure to nominate to the Board or removal from the Board); provided, however, that, a modification to (including, without limitation, a divestiture of) a portion of the Company’s overall businesses shall not in and of itself constitute a change in Executive’s duties, authority, or responsibilities; (ii) any reduction in Executive’s annual base salary or annual target or maximum bonus opportunity; provided, however, that Good Reason shall not include such a reduction of less than 5% that is part of an across-the-board reduction applicable to Company’s executive employees; (iii) Company’s (A) relocation of Executive more than 50 miles from Executive’s primary office location and more than 50 miles from Executive’s principal residence or (B) requirement that Executive travel on Company business to an extent substantially greater than Executive’s travel obligations immediately before a Change in Control (as defined in the Change in Control Severance Agreement); (iv) a reduction of more than 10% in the aggregate benefits provided to Executive under the Company’s employee benefit plans, including but not limited to any “top hat” plans designated for key employees, in which Executive is participating; provided, 
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however, that Good Reason shall not include such a reduction that is part of an across-the-board reduction applicable to Company’s executive employees; provided, further, that any reduction of benefits provided specifically by this Agreement shall be Good Reason; (v) any purported termination of Executive’s employment that is not effectuated for “Cause”; (vi) the failure of the Company to obtain an assumption agreement for this Agreement from any successor after a Change in Control; or (vii) any material breach by the Company of this Agreement, any Ancillary Agreement, or any material compensation agreement. To terminate employment with Good Reason, (x) Executive must notify the Company, in accordance with Section 13, within 90 days following Executive’s knowledge of an event constituting Good Reason, (y) Company must fail to cure such event within 30 days following receipt of such notice and (z) Executive must terminate employment within 90 days of Company’s failure to cure such event.  For the purposes of the Ancillary Agreements, the definition of “Good Reason” set forth herein shall control. 

(4)           “Qualified Retirement” means the termination of the Executive’s employment hereunder as a result of the Executive’s retirement no earlier than the end of the Initial Term following no less than six (6) months’ advance written notice to the Company, during which notice period the Executive will, in addition to the continued performance of Executive’s ordinary job duties under this Agreement, reasonably assist the Company in the transition of the Executive’s responsibilities to a new Chief Executive Officer.  For the avoidance of doubt and notwithstanding anything to the contrary in this Agreement or the Change in Control Severance Agreement, a Qualified Retirement will not constitute a “Qualifying Termination” under the Change in Control Severance Agreement.  

10.Severance. In the event of a termination of this Agreement under Section 9, the following shall apply:

a.If this Agreement and Executive’s employment hereunder terminates as a result of Executive’s Disability or death, then Company shall pay or provide to Executive (or Executive’s estate, as applicable) the following: (i) his Base Salary through the date Executive’s employment with Company ceases (the “Date of Termination”) not theretofore paid, (ii) any amount or benefit arising from the Executive’s participation in, or benefits under, any employee benefit plans, programs or arrangements of the Company, which amounts shall be payable in accordance with the terms and conditions of such employee benefit plans, programs or arrangements, including payment of accrued vacation, (iii) reimbursement for business expenses properly incurred through the Date of Termination, payable pursuant to Company expense policy; (the amounts and benefits in (i), (ii) and (iii), the “Accrued Benefits”); (iv) pro rata Target Bonus for the fiscal year of termination of employment, based upon the number of days Executive was employed by the Company in the fiscal year of termination (the “Pro Rata Bonus”), with the amounts in clauses (i) through (iv) payable no later than the 60th day following the Date of Termination, (v) any unpaid annual bonus with respect to a performance period ending on or preceding the Date of Termination that would have been payable had Executive remained employed by the Company through the ordinary payment date for such annual bonus (the “Accrued Bonus”), payable at the same time as annual bonuses for such performance period are paid to similarly situated employees, and (vi) continued participation in the Company’s then applicable health care plan for Executive and his covered dependents at the then regular employee contribution rate for the period that the Executive is eligible for disability benefits under the applicable Company plan or, in the event of Executive’s death, for 18 months; provided that, if Executive (or his dependents) cannot continue to participate in Company plans providing such benefits, then Company shall otherwise provide such benefits on the same after-tax basis as if continued participation had been permitted.

b.If Company terminates this Agreement and Executive’s employment hereunder without Cause or if Executive terminates this Agreement and Executive’s employment hereunder with Good Reason or as the result of a Qualified Retirement or in the event of a Nonrenewal by the Company, then the Company shall pay or provide to Executive the following: (i) the Accrued Benefits; (ii) the Pro Rata Bonus; (iii) an amount equal to (A) continuation of the Base Salary for 24 months from the Date of Termination and (B) 2 times the Target Bonus, with the amounts in clauses (i) through (iii) payable no later than the 60th day following the Date of Termination; (iv) reimbursement, up to a maximum of 18 months, for premium payments for any COBRA (Consolidated Omnibus Reconciliation Act of 1985, as amended) coverage Executive elects, if any, commencing no later than the 60th day following the Date of Termination (with catch-up for all previously unpaid amounts from the Date of Termination); (iv) immediate vesting of all stock options and/or time-based restricted stock units granted through the Date of Termination, regardless of the provisions of any other agreement; (v) the Accrued Bonus, payable at the same time as annual bonuses for such performance period are paid to similarly situated employees, (vi) the right to continue to vest in a pro-rata portion of the Performance Award that is unvested as of the date of termination determined based on the Pro-Rata 
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Performance Ratio (as defined below) and (vii) in the event of a Qualified Retirement only, the right to continue to vest in a pro-rata portion of any PSUs (excluding the Performance Award) that are unvested as of the date of termination determined based on the Pro-Rata Performance Ratio (as defined below) or such other more favorable treatment for Executive as may be provided under the equity award agreement, grant notice or equity rules applicable to such PSU.  For purposes of this Section 10(b), the “Pro-Rata Performance Ratio” shall be the product of (A) the number of PSUs that would have become vested had the Executive remained employed through the end of the applicable performance period(s) and based on actual performance results for such performance period(s) and (B) the ratio of (I) the number of days elapsed during the applicable performance period(s) up to and including the Date of Termination (plus, in the case of the Performance Award only, 365 additional days; provided, that in no case shall such total number of days exceed the total number of days in the applicable performance period) to (II) the total number of days in the applicable performance period.  For the avoidance of doubt and notwithstanding anything in any other agreement or policy to the contrary (including, without limitation, the Ancillary Documents and the Company’s Rules, Policies and Procedures for Equity Awards Granted to Employees), the Performance Award shall not receive any additional vesting acceleration or be eligible to continue vesting following Executive’s Date of Termination other than as provided in this Section 10(b) or in the Change in Control Severance Agreement. 

c.For any termination other than those listed in Section 10.a.-b. and g., Executive shall receive only the Accrued Benefits.

d.Upon termination for any reason, Executive (i) shall provide reasonable cooperation to Company at Company’s expense in winding up Executive’s work for Company and transferring that work to other individuals as designated by Company and (ii) shall reasonably cooperate with Company in any investigation or litigation/future investigation or litigation as requested by Company. Any such cooperation shall be subject to Executive’s business and personal commitments and shall not require Executive to cooperate against his own legal interests. Company shall reimburse Executive for all reasonable expenses incurred in such cooperation (including travel expenses at the levels utilized by Executive during his employment and legal expenses incurred if Executive reasonably believes independent counsel to be appropriate).

e.To be eligible for any payments under this Section beyond the Accrued Benefits, Executive must (i) execute and deliver to Company a final and complete release in the form attached as Exhibit B hereto which is nonrevocable within 45 days following the Date of Termination, and (ii) be in compliance in all material respects with this Agreement and each of the Ancillary Agreements, provided, that, any noncompliance may be cured within 30 days after written notice from the Company of the noncompliance.

f.In connection with any severance payments under Section 10.b., Executive shall have no duty to mitigate his damages by seeking other employment, and Company shall not be entitled to set off against amounts payable hereunder any compensation that he may receive from future employment.

g.In the event of a Qualifying Termination under Executive’s separate Change In Control Severance Agreement, the provisions of that separate agreement shall apply and the Executive will not be entitled to any severance payments under Section 10 of this Agreement.

h.For the avoidance of doubt, Executive’s severance benefits under this Section 10 and the Change In Control Severance Agreement shall be exclusive and Executive shall not be eligible to receive any severance benefits under any other Company severance plan or policy, including, without limitation, the Amended and Restated Compass Minerals International, Inc. Executive Severance Plan.

11.Compliance with Section 409A. To the extent applicable, this Agreement shall be interpreted, construed, and administered in conformity with Section 409A of the Internal Revenue Code of 1986, as amended (the “Code”) (“Section 409A”) and the regulations and other guidance issued thereunder, including the applicable exemptions. In the event that any payment or distribution to be made hereunder constitutes “deferred compensation” subject to Section 409A and Executive is determined to be a specified employee (as defined in Section 409A), such payment or distribution shall not be made before the date that is six months after the termination of Executive’s employment (or, if earlier, the date of Executive’s death). Payments to which a specified employee would otherwise be entitled during the first six months following the Date of Termination shall be accumulated and paid on the first date of the seventh month 
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following the Date of Termination. If Executive is entitled to be paid or reimbursed for any taxable expenses under this Agreement, and such payments or reimbursements are includible in Executive’s federal gross taxable income, the amount of such expenses reimbursable in any one calendar year shall not affect the amount reimbursable in any other calendar year, and the reimbursement of an eligible expense must be made no later than December 31 of the year after the year in which the expense was incurred. No right of Executive to reimbursement of expenses under this Agreement shall be subject to liquidation or exchange for another benefit. Notwithstanding any provision in this Agreement to the contrary, (x) Executive shall have no right to determine, directly or indirectly, the year of any payment subject to Section 409A; (y) if Executive does not sign the release required by Section 10(e) of this Agreement within the release consideration period or revokes the release before it become effective, Executive shall forfeit any right to the payments; and (z) if the release consideration period begins in one taxable year and ends in a second taxable year, any payments that would have been made in the first taxable year shall be made in the second taxable year to the extent required by Section 409A and the regulations and guidance issued thereunder. Finally, any installment payments under this Agreement shall be treated as a separate payment for purposes of Section 409A. In the event that the parties reasonably agree that this Agreement or the payments under this Agreement do not comply with Section 409A, the parties shall cooperate to modify this Agreement to comply with Section 409A while endeavoring to maintain its economic intent.

12.Resolution of Disputes.

a.Any dispute or claim arising out of or relating to this Agreement (except those for alleged breach of the Restrictive Covenant Agreement and/or Confidentiality Agreement) or any termination of Executive’s employment, shall be settled by final and binding arbitration in Johnson County, Kansas, in accordance with the National Rules for the Resolution of Employment Disputes of the American Arbitration Association.

b.The fees and expenses of the arbitration panel shall be borne by Company.

c.Either party may elect to have any dispute governed by this Section 12 to be resolved by a panel of three arbitrators, and the party electing same shall bear any additional costs resulting from such selection, the provisions of Section 12.b. notwithstanding.

13.Notices. For purposes of this Agreement, all notices and other communications required or permitted hereunder shall be in writing and shall be deemed to have been duly given when received when (i) hand-delivered, (ii) 5 days after deposit in the United States mail, certified and return receipt requested, postage prepaid; (iii) 1 day after deposit in overnight express mail; or (iv) 1 day after email is sent addressed as follows:
									
			
	If to Executive:
		Kevin S. Crutchfield

			Last address in Company’s records

		
	If to Company:
		Compass Minerals International, Inc.

			9900 West 109th Street

			Overland Park, KS 66210

			Attention: Chief Legal and Administrative Officer and Corporate Secretary
legal@compassminerals.com

Either party may change its address for notice by giving notice in accordance with the terms of this Section 13.

14.Clawback Policy. Executive acknowledges and agrees that Company has adopted a Compensation Clawback Policy and that he shall take all action necessary or appropriate to comply with such policy, or any successor policy thereto (including, without limitation, entering into any further agreements, amendments or policies necessary or appropriate to implement and/or enforce such policy with respect to past, present and future compensation, as appropriate).

15.Code of Ethics; Fiduciary Duties. Executive acknowledges and agrees that Company has adopted a Code of Ethics and Business Conduct (“Code of Ethics”) and that he shall take all action necessary or appropriate to comply with such Code of Ethics, or any successor Code of Ethics thereto (including, without limitation, entering into any further agreements, amendments or policies necessary or appropriate to implement and/or enforce such policy). Executive 
6

acknowledges and agrees that Executive owes a fiduciary duty of loyalty, fidelity, and allegiance to act at all times in the reasonable best interests of Company and to do no material bad faith act that would, directly or indirectly, injure any the Company’s business, interests or reputation. It is agreed that any direct or indirect interest in, connection with, or benefit from any outside activities, particularly commercial activities, which interest would materially and adversely affect the Company, involves a possible conflict of interest. In keeping with Executive’s fiduciary duties to the Company, Executive agrees that Executive shall not knowingly become involved in a conflict of interest with the Company, or upon discovery thereof, allow such a conflict to continue.

16.Section 280G.

a.Notwithstanding anything herein or in the Change in Control Severance Agreement to the contrary, in the event that Company’s then current independent registered public accounting firm or another accounting or similar firm selected by the Company, subject to Executive’s approval which shall not be unreasonably withheld (the “Accounting Firm”), shall determine that any payment or distribution of any type to or for Executive’s benefit made by Company, by any of its affiliates, by any person who acquires ownership or effective control of Company or ownership of a substantial portion of Company’s assets (within the meaning of Section 280G of the Code and the regulations thereunder) or by any affiliate of such person, whether paid or payable or distributed or distributable pursuant to the terms of this Agreement, the Change in Control Severance Agreement or otherwise (collectively, the “Total Payments”), would be subject to the excise tax imposed by Section 4999 of the Code or any interest or penalties with respect to such excise tax (such excise tax, together with any such interest or penalties, are collectively referred to as the “Excise Tax”), then the Accounting Firm shall determine whether such payments or distributions or benefits shall be reduced to such lesser amount as would result in no portion of such payments or distributions or benefits being subject to the Excise Tax. Such reduction shall occur if and only to the extent that it would result in Executive retaining, on an after-tax basis (taking into account federal, state and local income taxes, employment, social security and Medicare taxes, the imposition of the Excise Tax and all other taxes, determined by applying the highest marginal rate under Section 1 of the Code and under state and local laws which applied (or is likely to apply) to Executive’s taxable income for the tax year in which the transaction which causes the application of Section 280G of the Code occurs, or such other rate(s) as the Accounting Firm determines to be likely to apply to Executive in the relevant tax year(s) in which any of the Total Payments is expected to be made) a larger amount as a result of such reduction than Executive would receive, on a similar after tax basis, if Executive received all of the Total Payments. If the Accounting Firm determines that Executive would not retain a larger amount on an after-tax basis if the Total Payments were so reduced, then Executive may elect, at his option, to retain all of the Total Payments. If the Total Payments are to be reduced, the reduction shall occur in the following order: (1) reduction of cash payments for which the full amount is treated as a “parachute payment” (as defined under Section 280G of the Code and the regulations thereunder); (2) cancellation of accelerated vesting (or, if necessary, payment) of cash awards for which the full amount is not treated as a parachute payment; (3) reduction of any continued employee benefits; and (4) cancellation or reduction of any accelerated vesting of equity awards. In selecting the equity awards (if any) for which vesting will be cancelled or reduced under clause (4) of the preceding sentence, awards shall be selected in a manner that maximizes the after-tax aggregate amount of reduced Total Payments provided to Executive, provided that if (and only if) necessary in order to avoid the imposition of an additional tax under Section 409A, awards instead shall be selected in the reverse order of the date of grant. If two or more equity awards are granted on the same date, each award will be reduced on a pro-rata basis. Executive and Company shall furnish such documentation and documents as may be necessary for the Accounting Firm to perform the requisite Section 280G of the Code computations and analysis, and the Accounting Firm shall provide a written report of its determinations hereunder, including detailed supporting calculations. If the Accounting Firm determines that aggregate Total Payments should be reduced as described above, it shall promptly notify Executive and Company to that effect. In the absence of manifest error, all determinations made by the Accounting Firm under this Section 16 shall be binding on Executive and Company and shall be made as soon as reasonably practicable and in no event later than thirty (30) days following the later of Executive’s date of termination of employment or the date of the transaction which causes the application of Section 280G of the Code. Company shall bear all costs, fees and expenses of the Accounting Firm.

b.To the extent requested by Executive, Company shall cooperate with Executive in good faith in valuing, and the Accounting Firm shall take into account the value of, services to be provided by Executive (including 
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Executive agreeing to refrain from performing services pursuant to a covenant not to compete) before, on or after the date of the transaction which causes the application of Section 280G of the Code such that payments in respect of such services may be considered to be “reasonable compensation” within the meaning of Q&A-9 and Q&A-40 to Q&A-44 of the final regulations under Section 280G of the Code and/or exempt from the definition of the term “parachute payment” within the meaning of Q&A-2(a) of such final regulations in accordance with Q&A-5(a) of such final regulations.

c.If it is ultimately determined (by IRS private letter ruling or closing agreement, court decision or otherwise) that Executive’s Total Payments were reduced by too much or by too little in order to accomplish the purpose of this Section 16, Executive and Company shall promptly cooperate to correct such underpayment or overpayment in a manner consistent with the purpose of this Section 16, provided, however, that in no event shall such a correction be made if doing so would be a violation of the Sarbanes-Oxley Act of 2002, as it may be amended from time to time.

17.General Provisions.

a.Governing Law and Consent to Jurisdiction. Interpretation and/or enforcement of this Agreement shall be subject to and governed by the laws of the State of Kansas, irrespective of the fact that one or both of the parties now is or may become a resident of a different state and notwithstanding any authority to the contrary.

b.Invalid Provisions. If any provision of this Agreement is held to be illegal, invalid, or unenforceable, then such provision shall be fully severable, and this Agreement shall be construed and enforced as if such illegal, invalid, or unenforceable provision had never comprised a part hereof; and the remaining provisions hereof shall remain in full force and effect and shall not be affected by the illegal, invalid, or unenforceable provision or by its severance herefrom. Furthermore, in lieu of such illegal, invalid, or unenforceable provision there shall be added automatically as a part of this Agreement a provision as similar in terms to such illegal, invalid, or unenforceable provision as may be possible and still be legal, valid, and enforceable.

c.Construction of Agreement. This Agreement and the agreements attached hereto or referenced herein (including but not limited to the Restrictive Covenant Agreement, the Change in Control Severance Agreement and the Confidentiality Agreement) set forth the entire understanding of the parties and supersede all prior agreements or understandings, whether written or oral, with respect to the subject matter hereof, including, without limitation, the Prior Agreement. Except as expressly provided herein, in the event of any conflict between this Agreement and the Ancillary Agreements, this Agreement shall govern. No terms, conditions, or warranties (other than those contained herein), and no amendments or modifications hereto shall be binding unless made in writing and signed by the parties hereto. This Agreement shall not be strictly construed against either party.

d.Binding Effect. This Agreement shall extend to and be binding upon and inure to the benefit of the parties hereto, their respective heirs, representatives, successors, and assigns. This Agreement may not be assigned by Executive, but may be assigned by Company to any person or entity that succeeds to the ownership or operation of the business in which Executive is primarily employed by Company.

e.Waiver. The waiver by either party hereto of a breach of any term or provision of this Agreement shall not operate or be construed as a waiver of a subsequent breach of the same provision by any party or of the breach of any other term or provision of this Agreement.

f.Titles. Titles of the Sections herein are used solely for convenience and shall not be used for interpretation or construing any word, clause, Section, or provision of this Agreement.

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

h.Indemnification. Company shall indemnify Executive in accordance with its policies and practices for Officers and Directors and Executive has entered into an indemnification agreement in the Company’s 
8

standard form. Further, Company shall ensure that Executive is covered by its directors and officers liability insurance policy to the same extent as any other Director or Officer, as applicable.

[The remainder of this page is intentionally blank]

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IN WITNESS WHEREOF, Company and Executive have executed this Agreement as of the date and year first above written.
												
				
	EXECUTIVE:		ON BEHALF OF COMPANY:
			
	/s/ Kevin S. Crutchfield		By:	/s/ Paul S. Williams
	Kevin S. Crutchfield			Paul S. Williams,
Director,
Chair of Compensation Committee

[Amended and Restated Employment Agreement Signature Page]

EXHIBIT A

Terms and Conditions of Performance Award

Performance-Based Vesting Conditions:  In order for the Performance Award to vest, the Executive must be continuously employed by the Company through May 31, 2025 (the “Vesting Date”) (the “Continuous Service Requirement”).

Assuming the satisfaction of the Continuous Service Requirement, the number of PSUs subject to the Performance Award that will be earned and vest on the Vesting Date shall be determined by application of the Performance Conditions as set forth below, subject to the terms set forth in the Compass Minerals International, Inc. 2020 Incentive Award Plan (as amended, the “Equity Plan”), an award agreement, and this Agreement. 

Final determinations regarding the levels of Performance Conditions achieved (and corresponding number of PSUs earned) shall be made by the Compensation Committee of the Board in good faith. 

Impact of a Termination of Employment:  Except as otherwise provided in the Equity Plan, the applicable award agreement, or this Agreement, upon your termination of employment prior to the Vesting Date, any and all PSUs underlying the Performance Award will be forfeited and cancelled in their entirety.

Performance Conditions:  Assuming the satisfaction of the Continuous Service Requirement (subject to any exception under Section 10 of this Agreement), the total number of PSUs that may be earned ranges from zero percent (0%) to three-hundred percent (300%) of the Target PSUs based on the achieved results against the Performance Conditions as set forth in this Exhibit A.  The number of PSUs that will be earned and vest on the Vesting Date shall be determined as described below.  

Following the conclusion of the Performance Period, the number of earned PSUs, if any, shall be determined by multiplying the number of Target PSUs by the percentage set forth in the chart below (the TSR Factor”), based on the Company’s absolute Total Shareholder Return (as defined below) over the Performance Period.

						
	Annualized Total Shareholder Return Percentage over Performance Period	TSR Factor
	Less than 10% (Below Threshold)	0%
	Equal to or greater than 10%, but less than 12% (Threshold)	50%
	Equal to or greater than 12%, but less than 15% (Target)	100%
	Equal to or greater than 15%, but less than 20% (Stretch)	200%
	Equal to or greater than 20% (Maximum)	300%

For performance between the Threshold and Target performance levels, between the Target and Stretch performance levels, or between the Stretch and Maximum performance levels, the TSR Factor will be interpolated between the levels on a straight-line basis, rounded up to the nearest whole number of PSUs.  Failure to achieve the Threshold performance level will result in no PSUs being earned and no additional PSUs will be earned for performance exceeding the Maximum performance level.  

For purposes of this Exhibit A, “Total Shareholder Return (TSR)” means the stock price appreciation from the beginning to the end of the Performance Period, plus dividends and distributions made or declared during the Performance Period (it shall be assumed that such dividends or distributions are reinvested in the common stock of the Company as of the ex-dividend date), expressed as an annualized percentage return and as determined by the Compensation Committee of the Board in its good faith discretion, consistent with the methodology utilized for other Company equity awards incorporating TSR as a performance metric (or as a component of a performance metric) over the same or similar time period, as applicable. TSR will be calculated as follows:

TSR = ((Ending Average + Dividends Paid) – Beginning Average) / Beginning Average

“Beginning Average”: the volume-weighted average closing price of a share of the Company’s common stock for the 30 trading days prior to and including the first day of the Performance Period on the primary stock exchange on which shares of the Company’s common stock were traded.

A-1

“Ending Average”: the volume-weighted average closing price of a share of the Company’s common stock over the 30 trading days prior to and including the last day of the Performance Period on the primary stock exchange on which shares of the Company’s common stock were traded.

“Dividends Paid”: the total of all dividends paid on one share of the Company’s common stock during the Performance Period, provided that the record date occurs during the Performance Period, and provided further that dividends shall be treated as though they are reinvested on the ex-dividend date using the closing price of a share of the Company’s common stock on that day.

With respect to the computation of TSR, Beginning Average and Ending Average, to the extent deemed appropriate by the Compensation Committee of the Board, in its good faith judgment, there shall also be an equitable and proportionate adjustment to the extent (if any) necessary to preserve the intended incentives of the Performance Award and mitigate the impact of any stock dividend, stock split, reverse stock split, reorganization, share combination, or recapitalization or similar event affecting the capital structure of the Company occurring during the Performance Period (or during the applicable 30-day period in determining Beginning Average or Ending Average, as the case may be).

A-2

EXHIBIT B

Final Release and Waiver of Claims

This FINAL RELEASE AND WAIVER OF CLAIMS (this “Agreement”) is by and between Compass Minerals International, Inc. (the “Company”) and Kevin S. Crutchfield (“You” or “Your”) (collectively, the “Parties”).

WHEREAS, You worked for the Company as President and Chief Executive Officer pursuant to the terms of that certain Amended and Restated Employment Agreement dated [               ], 2022, by and between You and the Company (the “Employment Agreement”).

NOW, THEREFORE, the Parties agree as follows:

1.Separation Date and Company Consideration. You acknowledge and agree that Your separation from the Company was effective as of [            , 20XX] (“Separation Date”) and that You have resigned from all of Your director, officer and other positions with the Company and all of its affiliates, effective as of the Separation Date. You acknowledge and agree that the severance payments and benefits that you are entitled to receive in connection with the termination of your employment pursuant to Section 10 of the Employment Agreement are being provided in exchange for the consideration You are providing under this Agreement and will only be payable to You if you execute this Agreement on or following the Separation Date, and this Agreement becomes effective and You do not revoke it.

2.Your Consideration and Release. In exchange for the consideration the Company is providing under the Employment Agreement, You agree as follows:

a.You release and waive, to the maximum extent permitted by law, and without exception, any and all known, unknown, suspected, or unsuspected claims, demands, or causes of action (collectively, “claims”) that as of the date of execution of this Agreement You have or could have against the Company, as well as its past, present and future parents, subsidiaries, affiliates and all other related entities; its and their predecessors, successors and assigns; in their capacities as such, the past, present and future officers, directors, shareholders, trustees, members, employees, attorneys and agents of any of the previously listed entities; any benefits plan maintained by any of the previously listed entities at any time; and the past, present and future sponsors, insurers, trustees, fiduciaries and administrators of such benefit plans (collectively, “Affiliates”). The claims You release and waive include but are not limited to:

(1)    claims related to Your employment and the conclusion of Your employment with the Company or its Affiliates.

(2)    claims under any federal, state, or local constitution, statute, regulation, ordinance, or other legislative or administrative enactment (as amended), including but not limited to:

•The Age Discrimination in Employment Act, The Older Workers Benefit Protection Act, Title VII of the Civil Rights Act of 1964, 42 U.S.C. §§ 1981–1988, the Civil Rights Act of 1991, the Equal Pay Act, the Pregnancy Discrimination Act, the Americans with Disabilities Act, the Rehabilitation Act, and the Genetic Information Nondiscrimination Act.

•the Employee Retirement Income Security Act (except for any vested benefits under any tax qualified benefit plan).

•the Family and Medical Leave Act.

•the Fair Labor Standards Act.

•the Sarbanes-Oxley Act.

•the Occupational Safety and Health Act.
B-1

•the Immigration Reform and Control Act.

•the Worker Adjustment and Retraining Notification Act.

•the Fair Credit Reporting Act.

•the Consolidated Omnibus Budget Reconciliation Act (COBRA).

•the National Labor Relations Act.

•the Kansas Act Against Discrimination.

•the Kansas Age Discrimination in Employment Act.

•the Kansas Service Letter Statute.

•the Kansas Workers’ Compensation Act.

•Kansas state wage payment and work hour laws.

(3)    claims for, based on, or related to discrimination, harassment, or retaliation; retaliation for exercising any right or participating or engaging in any protected activity; fraud or misrepresentation; violation of any public policy; workers’ compensation; the payment of compensation, benefits, sick leave, paid time off, or vacation; any bonus, health, stock option, retirement, or benefit plan; tort; contract; and common law.

(4)    claims to recover costs, fees, or other expenses, including attorneys’ fees, incurred in any matter.

Note 1: You are not releasing any claims that You cannot release or waive by law, including but not limited to the right to file a charge with, or participate in an investigation conducted by, any appropriate federal, state or local government agency. Further, nothing in this Agreement should be construed to prohibit You from such filings or participation. You are, however, releasing and waiving Your right, and the right of anyone claiming on Your behalf, to any monetary recovery should any government agency (such as the Equal Employment Opportunity Commission (“EEOC”), National Labor Relations Board (“NLRB”), Occupational Safety and Health Administration (“OSHA”), Securities and Exchange Commission (“SEC”) or Department of Labor (“DOL”)) pursue any claims on Your behalf. Notwithstanding this Note 1, nothing contained in this Agreement shall impede Your ability to report possible federal securities violations to the SEC and other governmental agencies (i) without the Company’s approval and (ii) without having to forfeit or forego any resulting whistleblower awards. You are also not releasing any claims with respect to (a) indemnification or coverage under directors’ and officers’ liability insurance policies with respect to Your actions or inactions during Your employment with the Company; (b) Your rights to vested and accrued benefits under the employee benefit plans of the Company; or (c) Your rights as a stockholder or equity award holder of the Company.

Note 2: You warrant and represent that (1) You have been paid all compensation due and owing through the Effective Date, including minimum wage, overtime, commissions, and bonuses; (2) You have not suffered any workplace injury or illness; (3) You are not aware of any illegal or fraudulent conduct by or on behalf of the Company or its Affiliates; (4) You have not been denied any requested time off or leave of absence or experienced any retaliation for requesting time off or a leave of absence; and (5) You are not aware of any facts that would substantiate a claim that the Company, or any of its Affiliates, has violated Your rights or the rights of any other employee in any way or with regard to any law, including but not limited to the claims You released and waived in this Agreement.

Note 3: Nothing in this Section 2 is intended to limit or restrict (1) Your right to challenge the validity of this Agreement as to claims and rights asserted under the Age Discrimination in Employment Act or Older Workers Benefit Protection Act, or (2) Your right to enforce this Agreement or the severance provisions and other surviving provisions of the Employment Agreement.
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Note 4:  You state that You have, at all times, complied with Your obligation to report any violations of the law or the Company’s Code of Ethics and Business Conduct to a Company Resource (as described in such Code of Ethics and which includes the Company’s ethics hotline) and, as of the date of signature, You are unaware of any violation of law or policy that has not been reported to a Company Resource.

b.You shall reasonably cooperate with the Company and its Affiliates as set forth in Section 10(d) of the Employment Agreement in any ongoing or future investigation or litigation as requested by the Company. The Company shall reimburse You for reasonable and necessary expenses associated with Your cooperation. This requirement does not limit Your right to file a charge with, or participate in, an investigation conducted by any appropriate federal, state or local government agency (such as the EEOC, NLRB, SEC, DOL or OSHA), nor does it require You to provide anything other than truthful information in good faith to the best of Your ability.

c.You will not disparage in any way, or make negative comments of any sort, about the Company or its Affiliates, their employees, customers, or vendors, whether orally or in writing, and whether to a third party or to an employee of the Company or its Affiliates. Similarly, the Company will not by official statement, and will instruct its senior officers and members of the Board of Directors of the Company (and use commercially reasonable efforts to ensure compliance with such instruction) not to, disparage in any way or make negative comments of any sort about You or Your employment with the Company, whether orally or in writing and whether to a third party or to an employee of the Company and/or its Affiliates. This prohibition does not limit Your right to file a charge with, or participate in, an investigation conducted by any appropriate federal, state or local government agency (such as the EEOC, NLRB, SEC, DOL or OSHA), nor does it require You to provide anything other than truthful information in good faith to the best of Your ability. Similarly, this prohibition does not prohibit the Company or any of the Company Affiliates or any senior officer or member of the Board of Directors of the Company or any of the Company Affiliates from providing truthful testimony or otherwise disclosing information as required by law. Either party may make truthful statements to rebut disparaging statements made by the other party.

d.You agree that You will not, on Your own behalf or on behalf of any other person, file or initiate any civil complaint or suit against the Company or its Affiliates in any forum for any claims waived or released by this Agreement. If You violate this provision by filing such complaint or civil suit, and such filing is found to be a violation, Company shall be entitled to recover and You shall be liable for Company’s reasonable attorneys’ fees, expenses and costs of defending such litigation.

3.Business Records and Your Continuing Obligations. You represent that You have returned to the Company any and all property belonging to the Company, including but not limited to business records and documents relating to any activity of the Company or its Affiliates, files, records, documents, plans, drawings, specifications, equipment, software, pictures, and videotapes, whether prepared by You or not and whether in written or electronic form. Notwithstanding the foregoing, You may retain your contacts, calendars and personal correspondence and any other information reasonably needed for Your personal tax return preparation

4.Confidentiality and Restrictive Covenant Agreements.

a.You understand that You remain bound by (i) that certain Confidentiality Agreement dated April 19, 2019 by and between You and the Company (the “Confidentiality Agreement”), (ii) that certain Restrictive Covenant Agreement dated May 15, 2020 by and between You and the Company (the “Restrictive Covenant Agreement”), including the two-year post-termination non-competition and non-solicitation covenants contained therein, and (iii) any other confidentiality, non-competition or non-solicitation agreements You signed during Your employment with the Company. You acknowledge and agree that Your eligibility for the severance payments and benefits under the Employment Agreement is contingent on Your compliance in all material respects with the Confidentiality Agreement and the Restrictive Covenant Agreement.

b.You further understand and agree that the circumstances and/or discussions leading to your separation from the Company are confidential and that you will not disclose such circumstances and discussions to any third-party, other than to Your immediate family members, attorneys, or accountants (provided that any such party 
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to whom you disclose such information makes a promise, for the benefit of the Company, to keep such information confidential). Nothing in this Agreement shall preclude You from disclosing such information to any governmental taxing authorities or as otherwise required by law. Except as otherwise required by law or regulation (including filings), the Company shall not disclose the circumstances and discussions relating to Your separation other than to its attorneys or accountants.

Note: Notwithstanding any other provision of this Agreement, or any other agreement, You will not be held criminally or civilly liable under any federal or state trade secret law for any disclosure of a trade secret that is made (1) in confidence to a federal, state, or local government official, either directly or indirectly, or to an attorney, solely for the purpose of reporting or investigating a suspected violation of law; or (2) in a complaint or other document that is filed under seal in a lawsuit or other proceeding. If You file a lawsuit for retaliation by the Company for reporting a suspected violation of law, You may disclose the Company’s trade secrets to Your attorney and use the trade secret information in a court proceeding so long as You (1) file any document containing the trade secret under seal and (2) do not disclose the trade secret, except pursuant to court order.

5.Your Further Agreements and Acknowledgements. You further agree or acknowledge:

a.You have carefully read and fully understand all of the provisions of this Agreement, which is written in a manner You clearly understand.

b.You are entering into this Agreement knowingly, voluntarily, and with full knowledge of its significance, and have not been coerced, threatened, or intimidated into signing this Agreement.

c.You have 21 days from the Separation Date to consider this Agreement (although You may sign it at any time after the Separation Date, if You wish, in the exercise of Your sole discretion). You may accept this Agreement by signing and returning the signed copy so that it is received by the Company (c/o Chief Legal Officer at the Company’s corporate headquarters located at 9900 W. 109th Street, Suite 100, Overland Park, Kansas 66210) via hand-delivery, certified mail, overnight express mail or e-mail (legal@compassminerals.com) within the 21-day period after the Separation Date.

d.that further revisions or changes to this Agreement, whether material or immaterial, do not restart the running of the 21-day consideration period.

e.the Company advises You to consult with independent legal counsel regarding this Agreement.

f.the Company advises You to consult with an independent financial advisor regarding the tax treatment of any payments or benefits under this Agreement.

g.You may revoke this Agreement within 7 calendar days after You sign it by providing written revocation, during that time, to the Company (c/o Chief Legal Officer at the Company’s corporate headquarters located at 9900 W. 109th Street, Suite 100, Overland Park, Kansas 66210) via hand-delivery, certified mail, overnight express mail or e-mail [(legal@compassminerals.com)] within the 7-day revocation period.

h.this Agreement shall be effective and enforceable on the 8th calendar day following the date You execute it, provided You do not earlier revoke it (the “Effective Date”).

i.You agree that You are not entitled for any reason, or under any other agreement with the Company or its Affiliates (other than equity award agreements or employee benefit plans), to receive any consideration other than, or in addition to, that which You are receiving under the Employment Agreement.

j.neither the Company nor its Affiliates has made any representations or warranties to You regarding this Agreement, including the tax treatment of any payments or benefits under this Agreement, and neither the Company nor its Affiliates shall be liable for any taxes, interest, penalties, or other amounts owed by You.

k.You hereby represent to the Company that You are not a Medicare beneficiary, and no conditional payments have been made by Medicare to or on behalf of You, as of the date You executed this Agreement. You agree to indemnify, defend, and hold harmless the Company and its Affiliates from any Medicare-related claims, 
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including but not limited to any liens, conditional payments, rights to payment, multiple damages, or attorneys’ fees.

6.The Parties’ Additional Agreements and Acknowledgements. The Parties further agree and acknowledge:

a.neither the existence of this Agreement nor anything in this Agreement shall constitute an admission of any liability on the part of You, the Company, or any of the Company’s Affiliates, the existence of which liability the Parties expressly deny.

b.except as provided herein, this Agreement contains the entire agreement between You and the Company with respect to the matters contemplated hereby, and no modification or waiver of any provision of this Agreement will be valid unless in writing and signed by You and the Company.

c.this Agreement shall be construed in accordance with the laws of the State of Kansas, the federal and state courts of which shall have exclusive jurisdiction over all actions related to this Agreement.

d.this Agreement may be executed in any number of counterparts, each of which shall be deemed to be an original and all of which shall constitute together one and the same Agreement, and a signed copy of this Agreement delivered by facsimile, pdf, e-mail or other means of electronic transmission is deemed to have the same legal effect as delivery of an original.

e.neither of the Parties is relying on any representation not contained herein; the Parties shall be considered joint authors in the event of any dispute concerning this Agreement, and no provision shall be interpreted against any of the Parties because of alleged authorship; this Agreement shall not be strictly construed by or against You, the Company, or any of the Company’s Affiliates; and the Parties’ intent is that this Agreement shall be interpreted as reasonable and so as to enforce the Parties’ intent and to preserve this Agreement’s purpose.

f.this Agreement is binding on, and inures to the benefit of, the Company’s successors and assigns and Your heirs, agents, executors, successors and assigns.

g.that the Company may assign this Agreement, including but not limited to successors to its business, and including but not limited to Your releases and waivers, Your additional agreements or prohibitions, and any other confidentiality or restrictive covenant obligations or agreements signed by You.

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SIGNATURE PAGE

I have fully and carefully read and considered this Agreement and acknowledge that I understand it. I am signing this Agreement voluntarily with full knowledge I am waiving my legal rights and that I will be bound by all agreements, representations, and acknowledgements set forth herein:
									
			
	Date: ______________		
			Kevin S. Crutchfield
		
			COMPASS MINERALS INTERNATIONAL, INC.
		
	Date: ______________		By:
			Name:
			Title:

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