Document:

exhibit10_1.htm

     

    Exhibit
      10.1

    RESTRICTED
      STOCK UNIT AWARD AGREEMENT

    

    

    Name
      of
      Grantee:                                                                                                

    Grant
      Date:                                                                                                

    Number
      of Shares of Restricted Stock
      Units:                                                                                                           

    

    This
      Agreement evidences the grant by Compass Minerals International, Inc., a
      Delaware corporation (the “Company”) of restricted stock units to the
      above-referenced “Grantee” as of the “Grant Date” hereof pursuant to the Compass
      Minerals International, Inc. 2005 Incentive Award Plan, as amended from time
      to
      time (the “Plan”).  By accepting the Award, Grantee agrees to be bound
      in accordance with the provisions of the Plan, the terms and conditions of
      which
      are hereby incorporated in this Agreement by reference.  Capitalized
      terms not defined herein shall have the same meaning as used in the Plan, as
      amended from time to time.

    

    1.  Restricted
      Stock Units Awarded.  Grantee is hereby awarded the number of
      restricted stock units (the “Restricted Stock Units”) first set forth above,
      subject to the other terms and conditions of this Agreement and the
      Plan.  Each unit represents one share of the Company’s
      Stock.

    2.  Vesting.  The
      Restricted Stock Units shall be non-vested, and subject to forfeiture as
      provided in paragraph 3, until the third (3rd) anniversary
      of the
      Grant Date (the “Vesting Date”).

    3.  Forfeiture.  In
      the event Grantee’s employment with the Company and its Subsidiaries terminates
      prior to the date on which the Restricted Stock Units have vested, such
      Restricted Stock Units will be forfeited by Grantee and no benefits will be
      payable under this Agreement.  For purposes of this Agreement, neither
      an authorized leave of absence (authorized by the Company in writing to
      Grantee)  nor the retirement or disability of the Grantee shall be
      deemed a termination of employment hereunder.  The term “retirement”
means a voluntary separation from service on or after attaining age 62 and
      having a combined age and years of service of at least 67.  The term
“disability” means Grantee is unable to engage in any substantial gainful
      activity by reason of a medically determinable physical or mental impairment
      which can be expected to last for a continuous period of not less than twelve
      (12) months; or is, by reason of a medically determinable physical or mental
      impairment which can be expected to last for a continuous period of not less
      than twelve (12) months, receiving replacement benefits for a period of not
      less
      than three (3) months under an accident and health plan covering employees
      of
      the Company.

    

    4.  Payment
      of Benefits.  Subject to paragraph 9, Grantee shall receive an
      unrestricted stock certificate for a number of shares of Stock equal to the
      Restricted Stock Units subject to this Agreement as soon as administratively
      practicable following the Vesting Date (but in no event later than March 15
      of
      the year following the year in which the Vesting Date occurs).

    

    5.  Payment
      Following Change of Control.  Notwithstanding any provision in
      this Agreement to the contrary, in the event of a Change of Control, the
      Grantee’s Restricted Stock Units shall become vested and payable if (i) the
      surviving entity does not agree prior to such Change of Control to substitute
      immediately after the Change of Control an economically equivalent right as
      appropriate under the circumstances, or (ii) Grantee’s employment is
      involuntarily terminated without Cause or voluntarily terminated for Good Reason
      within 18 months following such Change of Control; provided,
however, if payment is made pursuant to clause (i) and the Change
      of
      Control event does not constitute a “change in control” within the meaning of
      section 409A of the Internal Revenue Code, then payment will be delayed until
      the earlier of Grantee’s termination of employment or the Vesting Date; and
provided further, if Grantee is a specified employee (as defined in
      section 409A of the Internal Revenue Code), then payment following Grantee’s
      termination of employment shall be delayed for a period of six (6) months in
      accordance with Section 409A of the Internal Revenue Code or, if earlier,
      Grantee’s date of death.

    

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    If
      Grantee’s employment is involuntarily terminated for Cause either before or
      after a Change of Control, but prior to the Vesting Date, then the Restricted
      Stock Units will be forfeited by Grantee and no benefit shall be payable under
      this Agreement.

    

    For
      purposes of this Agreement, “Cause”
means (i) the conviction of Grantee of, or plea of guilty or nolo contendere
      by
      Grantee to, a felony or misdemeanor involving moral turpitude, (ii) the
      indictment of Grantee for a felony or misdemeanor under the federal securities
      laws, (iii) the willful misconduct or gross negligence by Grantee resulting
      in
      material harm to the Company or any Subsidiary, (iv) fraud, embezzlement, theft,
      or dishonesty by Grantee against the Company or any Subsidiary, or willful
      violation by Grantee of a policy or procedure of the Company, resulting in
      any
      case in material harm to the Company, or (v) breach of any confidentiality
      agreement or obligation and/or breach of any Restrictive Covenant Agreement
      or
      similar agreement by and between Grantee and Company.  For purpose of
      this paragraph, no act or failure to act by Grantee shall be considered
“willful” unless done or omitted to be done by Grantee in bad faith and without
      reasonable belief that Grantee’s action or omission was in the best interests of
      the Company or its Subsidiaries.  Any act, or failure to act, based
      upon authority given pursuant to a resolution duly adopted by the Board shall
      be
      conclusively presumed to be done, or omitted to be done, by Grantee in good
      faith and in the best interests of the Company.  The Company must
      notify Grantee of any event constituting Cause within ninety (90) days following
      the Company’s knowledge of its existence or such event shall not constitute
      Cause under this Agreement.

    

    For
      purposes of this Agreement, “Good Reason” means, without Grantee’s express
      written consent, the occurrence of any of the following events within 18 months
      after a Change of Control:

    

    (i)           a
      material adverse change in Grantee’s duties or responsibilities as of the Change
      of Control (or as the same may be increased from time to time thereafter);
      provided, however, that Good Reason shall not be deemed to occur upon a change
      in Grantee’s reporting structure, upon a change in Grantee’s duties or
      responsibilities that is a result of the Company no longer being a publicly
      traded entity and does not involve any other event set forth in this paragraph,
      or upon a change in Grantee’s duties or responsibilities that is part of an
      across-the-board change in duties or responsibilities of employees at Grantee’s
      level;

    

    (ii)           any
      reduction in Grantee’s annual base salary or annual target or maximum bonus
      opportunity in effect as of the Change of Control (or as the same may be
      increased from time to time thereafter); provided, however, that Good Reason
      shall not include such a reduction of less than 10% that is part of an
      across-the-board reduction applicable to employees at Grantee’s
      level;

    

    (iii)           Company’s
      (A) relocation of Grantee more than 50 miles from Grantee’s primary office
      location and more than 50 miles from Grantee’s principal residence as of the
      Change of Control or (B) requirement that Grantee travel on Company business
      to
      an extent substantially greater than Grantee’s travel obligations immediately
      before such Change of control; or

    

    (iv)           a
      reduction of more than 10% in the aggregate benefits provided to Grantee under
      the Company’s employee benefit plans, including but not limited to any “top hat”
plans designated for key employees, in which Grantee is participating as of
      the
      Change of Control.

    

    Notwithstanding
      the foregoing, Grantee must provide notice of termination of employment to
      the
      Company within 90 days of Grantee’s knowledge of an event constituting Good
      Reason or such event shall not constitute Good Reason under this
      Agreement.  Additionally, an isolated, insubstantial, and

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    inadvertent
      action taken in good faith and that is remedied by the Company within 10 days
      after receipt of notice thereof given by Grantee shall not constitute Good
      Reason.

    

    6.      Voting
      and Dividend Rights.  Grantee shall have no voting rights with
      respect to the Restricted Stock Units awarded hereunder.  Pursuant to
      Section 8.4 of the Plan, Grantee shall be entitled to receive Dividend
      Equivalents based upon the number of Restricted Stock Units subject to this
      Agreement.  Such Dividend Equivalents shall be paid concurrently with
      any dividends or distributions paid on the Company’s Stock (but in no event
      later than March 15 of the year following the year in which such dividends
      or
      distributions are paid) and shall be equal to one hundred percent (100%) of
      the
      value of the cash dividend (or other property being distributed) per share
      being
      paid on the Company’s Stock times the number of Restricted Stock Units subject
      to this Agreement.  Dividend Equivalents shall paid in cash, shares of
      the Company’s Stock or such other property as may be distributed to the
      Company’s stockholders.

    

    7.      Permitted
      Transfers. The rights under this Agreement may not be assigned, transferred
      or otherwise disposed of except by will or the laws of descent and distribution
      and may be exercised during the lifetime of Grantee only by Grantee. Upon any
      attempt to assign, transfer or otherwise dispose of this Agreement, or any
      right
      or privilege conferred hereby, or upon any attempted sale under any execution,
      attachment or similar process, this Agreement and the rights and privileges
      conferred hereby immediately will become null and void.

    

    8.  Unfunded
      Obligation.  This Agreement is designed and shall be administered
      at all times as an unfunded arrangement and Grantee shall be treated as an
      unsecured general creditor and shall have no beneficial ownership of any assets
      of the Company.

    

    9.  Taxes.  Grantee
      will be solely responsible for any federal, state or other taxes imposed in
      connection with the granting of the Restricted Stock Units or the delivery
      of
      shares of Stock pursuant thereto, and Grantee authorizes the Company or any
      Subsidiary to make any withholding for taxes which the Company or any Subsidiary
      deems necessary or proper in connection therewith.  Upon recognition
      of income by Grantee with respect to the Award hereunder, the Company shall
      withhold taxes pursuant to the terms of the Plan.

    

    10.  Changes
      in Circumstances.  It is expressly understood and agreed that
      Grantee assumes all risks incident to any change hereafter in the applicable
      laws or regulations or incident to any change in the value of the Restricted
      Stock Units or the shares of Stock issued pursuant thereto after the date
      hereof.

    

    11.  Conflict
      Between Plan and This Agreement.  In the event of a conflict
      between this Agreement and the Plan, the provisions of the Plan shall
      govern.

    

    12.  Notices.  All
      notices, claims, certificates, requests, demands and other communications
      hereunder shall be in writing and shall be deemed to have been duly given and
      delivered if personally delivered or if sent by nationally-recognized overnight
      courier, by telecopy, or by registered or certified mail, return receipt
      requested and postage prepaid, addressed as follows:

    

    If
      to the Company, to it at:

    Compass
      Minerals International, Inc.

    9900
      West 109th Street

    Overland
      Park KS 66210

    Attn:
      Victoria Heider, Vice President Human Resources

    

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    If
      to Grantee, to him or her at the address set forth on the signature page hereto
      or to such other address as the party to whom notice is to be given may have
      furnished to the other party in writing in accordance herewith.  Any
      such notice or communications shall be deemed to have been received (a) in
      the
      case of personal delivery, on the date of such delivery (or if such date is
      not
      a business day, on the next business day after the date of delivery), (b) in
      the
      case of nationally-recognized overnight courier, on the next business day after
      the date sent, (c) the case of telecopy transmission, when received (or if
      not
      sent on a business day, on the next business day after the date sent), and
      (d)
      in the case of mailing, on the third business day following that on which the
      piece of mail containing such communication is posted.

    

    13.  No
      Guarantee of Employment.  Nothing in this Agreement shall confer
      upon Grantee any right to continue in the employ of the Company or any
      Subsidiary or interfere in any way with the right of the Company or Subsidiary,
      as the case may be, to sever Grantee’s employment or to increase or decrease
      Grantee’s compensation at any time.

    

    14.  Governing
      Law.  This Agreement shall be governed under the laws of the State
      of Delaware without regard to the principles of conflicts of
      laws.  Each party hereto submits to the exclusive jurisdiction of the
      United States District Court for the District of Kansas (Kansas City, Kansas).
      Each party hereto irrevocably waives, to the fullest extent permitted by law,
      any objections that either party may now or hereafter have to the aforesaid
      venue, including without limitation any claim that any such proceeding brought
      in either such court has been brought in an inconvenient forum, provided
      however, this provision shall not limit the ability of either party to enforce
      the other provisions of this paragraph.

    

    15.  Severability.
      It is the desire and intent of the parties hereto that the provisions of this
      Agreement be enforced to the fullest extent permissible under the laws and
      public policies applied in each jurisdiction in which enforcement is
      sought.  Accordingly, if any particular provision of this Agreement
      shall be adjudicated by a court of competent jurisdiction to be invalid,
      prohibited or unenforceable for any reason, such provision, as to such
      jurisdiction, shall be ineffective, without invalidating the remaining
      provisions of this Agreement or affecting the validity or enforceability of
      such
      provision in any other jurisdiction.  Notwithstanding the foregoing,
      if such provision could be more narrowly drawn so as not to be invalid,
      prohibited or unenforceable in such jurisdiction, it shall, as to such
      jurisdiction, be so narrowly drawn, without invalidating the remaining
      provisions of this Agreement or affecting the validity or enforceability of
      such
      provision in any other jurisdiction.

    

    16.  Enforcement.  In
      the event the Company or Grantee institutes litigation to enforce or protect
      its
      rights under this Agreement or the Plan, the party prevailing in any such
      litigation shall be paid by the non-prevailing party, in addition to all other
      relief, all reasonable attorneys’ fees, out-of-pocket costs and disbursements of
      such party relating to such litigation.

    

    17.  Waiver
      of Jury Trial.  Each party hereto hereby irrevocably and
      unconditionally waives, to the fullest extent it may legally and effectively
      do
      so, trial by jury in any suit, action or proceeding arising
      hereunder.

    

    18.  Committee
      Authority.  The Committee will have the power and discretion to
      interpret this Agreement and to adopt such rules for the administration,
      interpretation and application of this Agreement as are consistent with the
      Plan
      and this Agreement and to interpret or revoke any such rules, including, but
      not
      limited to, the determination of whether or not any shares of Restricted Stock
      Units have vested.  All actions taken and all interpretations and
      determinations made by the Committee in good faith will be final and binding
      upon Grantee, the Company and all other interested persons.  No member
      of the Committee will be personally liable for any action, determination or
      interpretation made in good faith with respect to this Agreement.

    

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    19.  Counterparts.  This
      Agreement may be executed in one or more counterparts, and each such counterpart
      shall be deemed to be an original, but all such counterparts together shall
      constitute but one agreement.

    

    20.  Restrictive
      Covenant.  Notwithstanding any provision in this Agreement to the
      contrary, the award hereunder is expressly conditioned upon Grantee’s execution
      of a Restricted Covenant Agreement in the form designated by the
      Company.  If Grantee fails or refuses to execute such Restricted
      Covenant Agreement, this Agreement shall be null and void ab
      initio.

    

    IN
      WITNESS WHEREOF, the parties hereto have executed this Agreement as of
      the Grant Date.

    

    COMPASS
      MINERALS INTERNATIONAL, INC.

    By:                                                                

    Name:                                                                           

    Title:                                                                           

    

    

    GRANTEE

    

    

    ______________________________________

    Residence
      Address

    

    _______________________________________

    

    

    _______________________________________exhibit10_2.htm

    Exhibit
      10.2

     

    

    

    COMPASS
      MINERALS GROUP, INC.

    RESTORATION
      PLAN

    

    

    

    

    

    
      
              

                       
      

                  
      
    

        
        

      

      
        1

        
          

        

      

      
        
        

      

    

    

    

    CONTENTS

    

    

      
        	
                An
                  Introduction to Your Restoration Plan

              	
                3

              
	
                IRS
                  Limits

              	
                3

              
	
                Highlights
                  of the Plan

              	
                4

              
	
                Defining
                  Pay”

              	
                4

              
	 	 
	
                Eligibility
                  and Participation

              	
                5

              
	
                Who
                  Is Eligible

              	
                5

              
	
                Enrollment
                  and Participation

              	
                5

              
	 	 
	
                Contributions

              	
                5

              
	
                Company
                  Match Make-Up

              	
                6

              
	
                Profit
                  Sharing Make-Up

              	
                6

              
	
                Combined
                  Make-Up Credits

              	
                6

              
	
                Investment
                  Earning Adjustments

              	
                7

              
	
                How
                  Your Account Is Valued

              	
                7

              
	 	 
	
                When
                  You Receive Payment

              	
                7

              
	
                Vesting

              	
                7

              
	
                If
                  You Retire, Die, or Terminate Employment

              	
                8

              
	
                If
                  You Leave Compass Minerals

              	
                8

              
	
                How
                  You Receive Your Plan Payout

              	
                8

              
	
                The
                  Payout

              	
                8

              
	
                Taxation
                  of Your Plan Benefits

              	
                8

              
	
                Loans
                  and Withdrawals

              	
                9

              
	 	 
	
                Situations
                  Affecting Your Benefits

              	
                9

              
	
                Involuntary
                  Distributions

              	
                9

              
	
                No
                  Implied Promises

              	
                9

              
	
                If
                  the Plan Is Amended or Ended

              	
                10

              
	 	 
	
                Administrative
                  Information

              	
                10

              
	
                Plan
                  Administrator

              	
                10

              
	
                Plan
                  Name

              	
                10

              
	
                Plan
                  Year

              	
                10

              

      

      
        
          
          

        

        
          2

          
            

          

        

        
          
          

        

      

    AN
      INTRODUCTION TO YOUR RESTORATION PLAN

    

    The
      Restoration Plan is a companion to the Savings Plan. It is designed to make
      up
      for the IRS rules that limit your contributions, company match, and the Compass
      Minerals profit sharing contributions to your account. It also allows for
      additional Company matching contributions on pay you voluntarily make to the
      Restoration Plan provided you are over the IRS salary limit of ($200,000 for
      2003).

    

    Compass
      Minerals Group offers the Profit Sharing and Savings Plan for before-tax,
      after-tax, Company match, and profit sharing contributions to encourage you
      to
      save now to meet your financial goals for retirement.

    

    However,
      the Internal Revenue Service (IRS) limits the amount you and Compass Minerals
      Group may contribute and the amount of pay that can be considered when
      determining benefits under the Profit Sharing and Savings Plan.  The
      Restoration Plan makes it possible for you to receive a full Company match
      and
      profit sharing contribution on all of your eligible pay.

    

    IRS
      LIMITS

    

    The
      IRS limits the amount of your pay recognized when determining the amount of
      Company match, your contributions, and profit sharing contributions the Company
      can make to your Profit Sharing and Savings Plan account.  This limit
      is $200,000 for the year 2003. This limit has the potential to increase
      (decrease) based upon IRS limits.

    

    The
      IRS also limits the amount of Annual Additions that can be made to your
      tax-Qualified Profit Sharing and Savings Plan account. For the year 2003, the
      IRS limits the Annual Additions to the $40,000.   These limits
      will be increased in future years for the cost of living.

    

    Your
      Annual Additions include:

    

    
      	
              ·  

            	
               your
                before-tax and after-tax
                contributions

            

    

    
      	
              ·  

            	
               the
                Company’s matching contributions

            

    

    
      	
              ·  

            	
               the
                company’s profit sharing
                contributions

            

    

    

    Compass
      Minerals Group credits to your Restoration Plan account an amount equal to
      the
      excess of what you would receive as a Company match and profit sharing
      contributions without regard to the limitations and with regard to the deferrals
      of compensation you make to the plan.  The company match, your
      contributions, and profit sharing contributions are reduced by the appropriate
      Social Security and Medicare (FICA) tax which is payable on elective and
      non-qualified deferrals.

    

    
      
        
        

      

      
        3

        
          

        

      

      
        
        

      

    

    

    HIGHLIGHTS
      OF THE PLAN

    

    Since
      the Restoration Plan provides benefits beyond IRS limits, it is not considered
      a
      tax-qualified plan.  Compass Minerals Group may, at its own
      discretion, establish a grantor trust for the purpose of accumulating assets
      to
      pay plan benefits.  However, the assets are subject to the company’s
      creditors and are not guaranteed to be available to pay benefits.

    

    Individual
      plan accounts are bookkeeping accounts which are maintained by the Company
      to
      reflect the amount. Credited earnings and losses on the amounts credited in
      your
      account balance within the plan will be maintained as though you invested in
      the
      plan based upon your elections.

    

    The
      following is a summary of what you need to know about the plan. It is intended
      to give you general information about your plan rights and responsibilities.
      However, it does not include all of the detailed plan provisions. These
      provisions are defined in the legal plan document. Therefore, if there are
      any
      discrepancy between this summary and the plan document, the plan document
      governs.

    

    

    DEFINING
      “PAY”

    

    There
      are distinct differences in the definitions of pay used to calculate your
      benefits in the Profit Sharing and Savings Plan and the Restoration Plan as
      well
      as in determining IRS Limits on Annual Additions.

    

    For
      Calculating Profit Sharing and Savings Plan Contributions, your eligible pay
      generally includes your total annual base salary and wages, and overtime,
      commissions, and certain bonuses paid by Compass Minerals or a participating
      affiliate.

    

    Eligible
      pay does not include moving expenses, welfare benefits, safety bonuses, sign-on
      bonuses, or any long-term compensation. The Benefits Committee or the Executive
      Committee determines how the plan treats other bonuses and special forms of
      compensation.

    

    For
      both Plans, pay includes voluntary 401(k) deferrals to the qualified plan and
      pre-tax contributions to the cafeteria plan.  Elective deferrals to
      the Restoration Plan are added back for purposes of this Plan.

    

    
      
        
        

      

      
        4

        
          

        

      

      
        
        

      

    

    

    ELIGIBILITY
      AND PARTICIPATION

    

    

    Who
      Is Eligible?

    

    Each
      year the Executive Committee of Compass Minerals Group determines who is
      eligible to participate in the Restoration Plan.

    

    You
      may be eligible to participate in the plan if you are a key management and/or
      highly compensated employee who is:

    

    
      	
              ·  

            	
              eligible
                to participate in the Profit Sharing and Savings
                Plan

            

    

    
      	
              ·  

            	
              salary
                grade 20 or above

            

    

    
      	
              ·  

            	
              approved
                by a committee selected by the Executive
                Committee

            

    

    

    

    Enrollment
      and Participation

    

    You
      do not need to enroll to become a participant in the Restoration Plan. You
      automatically begin participating in the plan when contributions are credited
      to
      the plan on your behalf.  Plan contributions are credited within a
      reasonable time following the date they would have been made to the qualified
      Profit Sharing and Savings Plan had they been permitted.

    

    Naming
      a Beneficiary

    

    The
      beneficiary under the Restoration Plan is the same as you have designated for
      the Profit Sharing and Savings Plan.

    

    CONTRIBUTIONS

    

    There
      are four sources of Company credits to the Restoration Plan:

    

    
      	
              ·  

            	
              your
                contributions

            

    

    
      	
              ·  

            	
              Company
                Match Make-up

            

    

    
      	
              ·  

            	
              Profit
                Sharing Make-up

            

    

    
      	
              ·  

            	
              contributions
                deemed by the Executive Committee or Benefits Committee to be
                eligible

            

    

    

    Your
      Contributions

    

    Before
      December 31 of each year, you can elect to defer your salary and/or bonus into
      the plan at a maximum of 50% of your total salary and bonus.  A newly
      hired participant can elect to make an election provided they do so within
      the
      first 30 days of employment.  The election is irrevocable for the
      following calendar year unless you are newly hired, in which case your election
      is irrevocable for the current year.  These contributions are part of
      the company’s plan assets that are managed by you and are subject to creditors
      and bankruptcy of the company.

    
      
        
        

      

      
        5

        
          

        

      

      
        
        

      

    

    

    

    If
      you make over the IRS limit of Code Section 407(a) (17) for qualified subject
      earnings for a tax qualified plan ($200,000 in 2003), you have the ability
      to
      make an election in the prior year to defer the maximum contributions for both
      the plan and the 401(k) plan.  If you elect to defer under this
      option, you would be required to maximize the 401(k) before tax.  The
      amount elected under this option is off set by your election under the 401(k)
      plan.  As you reach the limits in the 401(k) plan, your contributions
      into the Restoration plan will be increased when administratively
      possible.  These contributions are subject to creditors and bankruptcy
      of the company.

    

    Company
      Match Make-Up

    

    Each
      year, if you are an eligible participant and your Company matching contributions
      in the qualified Profit Sharing and Savings Plan are limited due to IRS before
      tax limitations or if you have deferred pay under the Restoration Plan, Compass
      Minerals Group will make a matching credit to the Restoration
      Plan.  This credit equals:

    

    
      	
              ·  

            	
              The
                excess of the amount of Company matching contributions that would
                have
                been made for you under the qualified Profit Sharing and Savings
                Plan-without regard to the IRS limitations and including compensation
                deferred under the Nonqualified Deferred Compensation
                Plan-over

            

    

    
      	
              ·  

            	
              The
                amount of Company matching contributions actually made for you to
                the
                qualified plan

            

    

    
      	
              ·  

            	
              Reduced
                by applicable Social Security (FICA)
                taxes

            

    

    

    If
      your salary is greater than $200,000 (Year 2003), you maximize your before-tax
      contribution under the qualified Profit Sharing and Savings Plan, and the amount
      is elected in the prior year that your contribution limits are maximized in
      the
      qualified Profit Sharing and Savings Plan, the company will treat such
      contributions that are added to the plan due to the limits of employee
      contribution as eligible contributions, and will match monthly or as soon as
      administratively possible.

    

    Profit
      Sharing Make-Up

    

    Each
      year, if you are an eligible participant and the Company’s profit sharing
      contribution on your behalf to the qualified Profit Sharing and Savings Plan
      is
      limited due to IRS limitations or you have deferred pay under Restoration Plan,
      Compass Minerals Group will also make a profit sharing credit to your
      Restoration Plan account.  This credit equals:

    

    
      	
              ·  

            	
              The
                excess of the amount of profit sharing contribution that would have
                been
                made for you under the qualified Profit Sharing and Savings Plan-without
                regard to the IRS limitations and including compensation deterred
                under
                the Nonqualified Deferred Compensation
                plan-over

            

    

    
      	
              ·  

            	
              The
                amount of the profit sharing contribution actually made for you to
                the
                qualified plan: and

            

    

    
      	
              ·  

            	
              Reduced
                by applicable Social Security (FICA)
                taxes

            

    

    
      
        
        

      

      
        6

        
          

        

      

      
        
        

      

    

    

    Compass
      Minerals Group monitors Annual Additions to the qualified plan and allocates
      the
      appropriate amount as a profit sharing Make-up credit to the Restoration
      Plan.

    

    Investment
      Earning Adjustments

    

    The
      Restoration Plan is an unfunded plan with no actual investment option attached
      directly to it.  However, your account balance is still adjusted (with
      increases or decreases) as if it were invested in the same fund option and
      in
      the same proportion that you elect for your profit sharing accounts under the
      qualified Profit Sharing and Savings Plan.  The Restoration Plan does
      not provide for separate investment elections.

    

    The
      investment earnings include all interest, dividends, earnings and other property
      which would have been received had these amounts actually been invested in
      these
      options.  The earnings are credited to your account under this plan as
      of the end of each calendar quarter.

    

    How
      Your Account Is Valued

    

    The
      plan determines the value of your Restoration Plan account on a quarterly basis,
      not daily like the qualified Profit Sharing and Savings Plan.  The
      plan allocates any deemed investment earnings, gains, and losses to a
      bookkeeping account maintained in your name.

    

    You
      receive a Restoration Plan Account Statement that reflects credits and deemed
      earnings for the three-month periods ending February, May, August, and November.
      To obtain information about your account at any time, please call the Director
      of Compensation and Benefits at 1-913-344-9240.

    

    

    WHEN
      YOU RECEIVE PAYMENT

    

    Vesting

    

    Based
      on your years of service with Compass Minerals Group, you earn a right to the
      account maintained for you in the Restoration Plan subject to the previous
      restrictions mentioned under contribution.  This is called
“vesting”.  You are 100% vested in Company contributions and earnings
      in the Restoration Plan subject to the creditors of the Company unless you
      terminate your employment with the Company on or after July 1, 2003 for “Cause”
in which case, your Accounts will be forfeited to the extent any financial
      loss
      to the company.  “Cause” includes but is not limited to: engaging in
      illegal acts or unethical behavior (as defined in the Policy on Conflicts of
      Interest), proof of drunkenness, abuse of sick leave privileges, misuse of
      drugs, dishonesty, theft, disclosure of confidential information, gross
      negligence, insubordination or gross incompetence.

    

    
      
        
        

      

      
        7

        
          

        

      

      
        
        

      

    

    

    If
      You Retire, Die, or Terminate Employment

    

    If
      you retire, die, or terminate employment for any reason, you or your beneficiary
      is entitled to receive the full value of your plan account.

    

    If
      you are married, your spouse automatically is your beneficiary unless you have
      filed a Beneficiary Designation Form naming another beneficiary.

    

    If
      you die before you receive a plan distribution, the plan pays your vested
      balance to your designated beneficiary. The plan makes these distributions
      in a
      single lump sum payment as soon as administratively practicable after the end
      of
      the calendar quarter in which you die.

    

    Also,
      if you retire or die in the middle of a plan year, you are eligible for a
      prorated portion of your profit sharing contribution that includes the period
      of
      employment up to the date of your retirement or death.  This prorated
      portion is calculated and credited at the end of the first quarter of the year
      following retirement or death.

    

    If
      You Leave Compass Minerals Group

    

    If
      you leave Compass Minerals Group (and all of its affiliates), you will receive
      the value of your plan account as soon as administratively practicable, provided
      it was not for cause, after the end of the quarter in which you terminate unless
      you made an election for 10 year payout.  No profit sharing
      contribution is made for the portion of the year you worked before terminating
      employment.

    

    

    

    HOW
      YOU RECEIVE YOUR PLAN PAYOUT

    

    The
      Payout

    

    When
      you terminate employment for any reason, you or your beneficiary are entitled
      to
      receive payment of your Restoration Plan account. All payouts from the
      Restoration Plan are made based upon your election.  The forms of
      payment are lump sum cash payment or payment over a ten year
      period.  If no election is made, the default payment is a lump sum
      payment.  The decision to make an election for payment has to be made
      at least the year before the payout or the time the IRS designates.

    

    Taxation
      of Your Plan Benefits

    

    Your
      Restoration Plan account is tax-deferred and generally taxable only in the
      year
      that it is paid to you at that time. Payments are subject to federal and state
      income taxes and related withholding requirements.

    
      
        
        

      

      
        8

        
          

        

      

      
        
        

      

    

    

    However,
      Social Security/Medicare (FICA) taxes apply to the credits in your Restoration
      Plan account at the time these credits are made.  Therefore, each time
      a credit is entered in your Restoration Plan account, FICA taxes are withheld
      on
      that amount.  Once a credit is subject to FICA taxes, future
      investment earnings on that credit are not subject to FICA taxes.

    

    FICA
      taxes are deducted from the credits in your Restoration Plan account and the
      amount is noted on your regular payroll check issued within 30 days of crediting
      your account. These amounts withheld to pay FICA taxes are considered wages
      and
      subject to federal and state income taxes.

    

    Because
      the Restoration Plan is a nonqualified plan, payments are not eligible for
      rollover to an individual retirement account (IRA) or to another qualified
      retirement plan.  Also, the federal 10% penalty tax on early
      distributions from retirement accounts does not apply.

    

    LOANS
      AND WITHDRAWALS

    

    Your
      Restoration Plan account balance is not available for loans or withdrawals
      prior
      to your termination of employment.

    

    

    

    

    SITUATIONS
      AFFECTING YOUR BENEFITS

    

    The
      plan is designed to provide you with a benefit when your active employment
      ends.
      However, some situations may affect your plan benefits.

    

    Involuntary
      Distributions

    

    The
      plan may authorize an automatic distribution of all or a portion of your balance
      in the plan if it is determined that you will recognize as income for federal
      tax purposes amounts you deferred under the plan prior to the time such amounts
      are paid. Such determination must be made due to a:

    

    
      	
              ·  

            	
              change
                in tax law

            

    

    
      	
              ·  

            	
              published
                ruling or similar announcement issued by the
                IRS

            

    

    
      	
              ·  

            	
              regulation
                issued by the Secretary of the
                Treasury

            

    

    
      	
              ·  

            	
              decision
                by a court having appropriate
                jurisdiction

            

    

    

    No
      Implied Promises

    

    Nothing
      in this plan says or implies that your plan participation is a guarantee of
      your
      continued employment with Compass Minerals Group.

    
      
        
        

      

      
        9

        
          

        

      

      
        
        

      

    

    

    If
      the Plan Is Amended or Ended

    

    The
      Compass Minerals Group Board of Directors, Executive Committee, and the Benefits
      Committee reserve the right to amend, change, or terminate the plan at any
      time.  If material changes are made in the future, you will be told
      about them.  However, any change or amendment will not, without your
      consent, adversely affect your right to receive payments of compensation already
      deferred and vested under existing terms of the plan.

    

    Also,
      the Restoration Plan will automatically be terminated should circumstances
      cause
      the termination of the Profit Sharing and Savings Plan.  However, no
      termination will alter your right to receive payments previously credited under
      the plan.

    

    

    ADMINISTRATIVE
      INFORMATION

    

    Plan
      Administrator

    

    The
      Benefits Committee of Compass Minerals Group administers the plan under the
      direction of the Compensation Committee of the Board of
      Directors.  The Committee’s duties and authority include:

    

    
      	
              ·  

            	
              The
                interpretation of the provisions of the
                plan

            

    

    
      	
              ·  

            	
              The
                adoption of rules and regulations which may become necessary or advisable
                in the operation of the plan

            

    

    
      	
              ·  

            	
              The
                making of determinations that may be permitted or required under
                the
                plan

            

    

    
      	
              ·  

            	
              The
                taking of any action necessary to ensure proper administration of
                the plan
                in accordance with its terms

            

    

    

    The
      decisions of the Committee with respect to administration are final and
      binding.

    

    You
      may contact the Committee at:

    

    Compass
      Minerals Group

    9900
      West 109th
      Street, Suite 600

    Overland
      Park, KS 66210

    

    Plan
      Name

    

    The
      official name of the plan is the Compass Minerals Group, Inc. Restoration
      Plan.

    

    Plan
      Year

    

    The
      Plan year is the 12 month period beginning each January 1 and ending the
      following December 31.

    
      
        
        

      

      
        10

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