Document:

EX-10.2

 Exhibit 10.2 
  
 EMPLOYMENT AGREEMENT 
  
 THIS EMPLOYMENT AGREEMENT (this “Agreement”), made and entered into on the 7th day of November, 2004, by and between DIMON INCORPORATED, a Virginia Corporation (the “Company”), and ROBERT E. HARRISON (the
“Executive”). 
  
 R E C I T A L S 
  
 The Company desires to employ the Executive as the President and Chief
Operating Officer of the Company and, subject to election by the Company’s Board of Directors (the “Board”), as the Company’s Chief Executive Officer, effective on or about April 1, 2007. The Executive desires to be employed by
the Company in those capacities. Furthermore, the Company desires to provide for the Executive certain severance and other benefits in addition to those provided by the employee benefit plans of the Company. The Company and the Executive desire to
confirm their understanding and to provide for the Executive’s employment by the Company pursuant to the terms of this Agreement. 
  
 NOW, THEREFORE, in consideration of the mutual covenants and obligations herein and the compensation the Company agrees herein to pay the Executive, and
of other good and valuable consideration, the receipt of which is hereby acknowledged, the Company and the Executive agree as follows: 
  
 ARTICLE 1 
 EMPLOYMENT OF EXECUTIVE

  
 Subject to the terms and conditions set forth in this
Agreement, the Company hereby employs the Executive and the Executive hereby accepts such employment for the period stated in ARTICLE 3 of this Agreement. 
  
 ARTICLE 2 
 POSITION, RESPONSIBILITIES
AND DUTIES 
  
 2.1. Position and Responsibilities.
During the Term (as defined in Section 3.1), the Executive shall serve as the President and Chief Operating Officer of the Company on the conditions herein provided. The Executive shall provide such executive services in the management of the
Company’s business not inconsistent with his positions and the provisions of Section 2.2 as shall be assigned to him from time to time by the Company’s Chief Executive Officer or its Board and shall report to the Company’s Chief
Executive Officer. 
  
 If elected by the Board, beginning no later
than the first Board meeting on or after April 1, 2007, and for the remainder of the Term thereafter, the Executive shall serve as the Chief Executive Officer of the Company on the conditions herein provided. The Executive shall provide such
executive services in the management of the company’s business not inconsistent with his position and the provisions of Section 2.2 as shall be assigned to him from time to time by the Board and shall report to the Board. 
  
 2.2. Duties. In addition to having the responsibilities described in
Section 2.1, during the Term, the Executive shall also serve, if elected, as a director of the Company or as an officer 

  

 
or director of any subsidiary or affiliate of the Company. During the Term and except for illness, reasonable vacation periods, and reasonable leaves of
absence, the Executive shall devote his full business time, attention, skill, energies and efforts to the faithful performance of his duties hereunder and to the business and affairs of the Company and any subsidiary or affiliate of the Company and
shall not during the Term be employed in any other business activity, whether or not such activity is pursued for gain, profit or other pecuniary advantage; provided, however, that (i) with the approval of the Board, the Executive may serve, or
continue to serve, on the boards of directors of, and hold any other offices or positions in, companies or organizations, which, in the Board’s judgment, will not present any conflict of interest with the Company or any of its subsidiaries or
affiliates or divisions, or materially affect the performance of the Executive’s duties pursuant to this Agreement and (ii) the Executive shall not be prevented from investing his personal assets in any business which does not compete with the
Company or with any subsidiary or affiliate of the Company, where the form or manner of such investment will not require substantial services on the part of the Executive in the operation of the business in which such investment is made.
Notwithstanding the foregoing, the duties of the Executive shall not be expanded without the Executive’s prior approval. 
  
 ARTICLE 3 
 TERM 
  
 3.1. Term of Employment. The term of the Executive’s employment
(the “Initial Term”) under this Agreement shall commence effective as of the closing of the transactions described in the Agreement and Plan of Reorganization between the Company and Standard Commercial Corporation (the “Effective
Date”) and shall continue until the earliest to occur of the following dates (the “Termination Date”): (i) the third anniversary of the Effective Date; (ii) the date of death of the Executive; (iii) the date coinciding with the end of
one hundred eighty (180) days of continuous “Total Disability” of the Executive (as defined in Section 7.4); (iv) the specified date of termination under the Notice Exception (as defined in Section 3.2); (v) the date of termination under
the Cause Exception (as defined in Section 3.3) determined pursuant to Section 3.5; or (vi) the date the Executive terminates his employment for Good Reason (as defined in Section 3.4) determined pursuant to Section 3.5. In the event that the
Initial Term shall expire on account of the terminating event described in subparagraph (i) of this Section 3.1, then, notwithstanding the provisions of subparagraph (i) of this Section 3.1, the Initial Term shall be extended automatically, without
any further action by the Company or the Executive for successive one-year periods (each, an “Extension Period”) following the expiration of the Initial Term (by reason of the terminating event described in subparagraph (i) of this Section
3.1) or any succeeding one-year Extension Period (except as otherwise provided in this Section 3.1). If either party hereto desires for the Term to expire at the end of the Initial Term or at the end of any succeeding one-year Extension Period, such
party shall give written notice of such desire to the other party at least one year before the expiration of the Initial Term or the Extension Period, as applicable. All references herein to the term of the Executive’s employment (the
“Term”) shall refer to the Initial Term and shall include any Extension Period. 
  
 3.2. Termination by Giving Notice. If the Company desires to terminate the Executive’s employment without Cause prior to the expiration of the Term or if the Executive desires to terminate his employment
without Good Reason prior to the expiration of the Term, such party shall give not less than sixty (60) days’ written notice of such desire to the other party 

  

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specifying the date of termination (the “Notice Exception”). Notwithstanding the foregoing, the Notice Exception shall not be effected by the
Company while the Executive is Totally Disabled as provided in ARTICLE 7. 
  
 3.3. Termination for Cause; Automatic Termination. Subject to the requirements of Section 3.5 of this Agreement, the Company shall at all times have the right to discharge the Executive for Cause. For purposes
of this Agreement, the term “Cause” shall be limited to one or more of the following: (i) the Executive’s failure or refusal to perform his material duties, responsibilities and obligations; (ii) any act of fraud, misappropriation of
funds, material dishonesty, theft or embezzlement by the Executive affecting the Company; (iii) the Executive’s conviction of a felony or a plea of nolo contendre to a felony; (iv) the Executive’s willful gross neglect or misconduct
resulting in material harm to the Company’s financial condition or reputation or (v) the Executive’s breach of his covenants in ARTICLE 13 (the “Cause Exception”). 
  
 Notwithstanding the foregoing, if the Company desires to discharge the Executive for the reason described in subparagraph
(i) of this Section 3.3 (a “Policy Infraction”), it shall give notice to the Executive as provided in Section 3.5 and the Executive shall have thirty (30) days after notice has been given to him in which to cure the Policy Infraction. If
the Policy Infraction is timely cured by the Executive, the Company’s notice shall become null and void. For purposes of this Agreement, Cause shall not include the Executive’s Total Disability (as defined in Section 7.4). 
  
 3.4. Good Reason. Subject to the requirements of Section 3.5 of this
Agreement, the Executive may terminate his employment at any time for Good Reason (as defined in this Section 3.4). If the Executive desires to terminate his employment for Good Reason, he shall give notice to the Company as provided in Section 3.5.
For purposes of this Section 3.4, “Good Reason” shall mean any of the following: 
  
 (a) The Executive’s resignation from the Company’s employment on account of a material diminution or material adverse change by
the Board of the duties, functions, responsibilities and authority of the Executive in the position or positions identified in section 2.1 without his consent within six (6) months of such modification; 
  
 (b) The Executive’s resignation from the Company’s
employment on account of any material breach of a provision of this Agreement by the Company, which breach is not cured within thirty (30) days after notice has been given to the Company by the Executive. Without limiting the generality of the
foregoing sentence, the Company shall be in material breach of its obligations hereunder if, for example, the Company shall not permit the Executive to exercise such responsibilities as are consistent with the Executive’s position, or assign
the Executive duties that are inconsistent with the Executive’s position and are of such a nature as are usually associated with such offices of a corporation engaged in substantially the same business as the Company, or the Executive shall at
any time be required to report to anyone other than directly to the Company’s Chief Executive Officer or the Board as provided in Section 2.1, or the Company shall fail to make a payment when due to the Executive; 
  

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 (c) The Executive’s resignation from the Company on account of a reduction in the
Executive’s Base Salary, annual incentive opportunity or aggregate benefit levels without his consent within six (6) months of such reduction; or 
  
 (d) The Executive’s resignation from the Company on account of the Company’s failure to obtain the written assumption of this
Agreement in accordance with ARTICLE 26; or 
  
 (e) The Executive’s resignation from the Company’s employment on account of the failure by the Board, as of the first meeting of the Board on or after April 1, 2007, to elect or reelect the Executive as the Company’s Chief
Executive Officer or the failure of the Company’s shareholders to elect or reelect the Executive as a member of the Board and the Executive then elects to leave the company’s employment within six (6) months of such failure to so elect or
reelect the Executive. 
  
 Notwithstanding the foregoing, if the
Executive desires to terminate his employment for Good Reason as defined in Section 3.4(b), he shall give notice to the Company as provided in Section 3.5 and the Company shall have thirty (30) days after notice has been given to it in which to cure
the reason for the Executive’s desire to terminate his employment for Good Reason. If the reason for the Executive’s desire to terminate his employment for Good Reason as defined in Section 3.4(b) is timely cured by the Company, the
Executive’s notice shall become null and void. 
  
 3.5.
Notice of Termination. Any termination by the Company under the Cause Exception or by the Executive for Good Reason shall be communicated by Notice of Termination to the other party hereto. For purposes of Sections 3.3 and 3.4, a “Notice
of Termination” means a written notice which (i) indicates the specific termination provision in this Agreement relied upon, (ii) sets forth in reasonable detail the facts and circumstances claimed to provide a basis for termination of the
Executive’s employment under the provision so indicated and (iii) sets forth the Termination Date. If the Executive’s employment is terminated by reason of one of the events described in subparagraph (iv) of Section 3.3 or Section 3.4(b),
the Termination Date shall be not less than thirty (30) days nor more than forty-five (45) days after the receipt of the Notice of Termination by the Executive or the Company. If the Executive’s employment is terminated by reason of one of the
events described in subparagraphs (i), (ii), (iii) or (v) of Section 3.3, Section 3.4(a), Section 3.4(c), Section 3.4(d) or Section 3.4(e), the Termination Date shall be not more than fifteen (15) days after the receipt of the Notice of Termination
by the Executive or the Company. 
  
 3.6. Rights of Executive
Upon Termination of Employment. 
  
 (a)
Following the date the Term expires on account of the Executive’s employment through the Initial Term or any Extension Period, or the Executive’s resignation with Good Reason or the Company’s exercise of the Notice Exception, the
rights of the Executive shall be as provided in ARTICLES 4, 5, 6, 9, 10, 12, 13, 14, 15, 16, 18, 24 and 26. 
  
 (b) Following the date the Term expires on account of the Executive’s death, the rights of the Executive’s personal
representative and designated beneficiary (as determined 

  

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pursuant to ARTICLE 16) shall be as provided in ARTICLES 4, 5, 6, 8, 10, 14, 15, 16, 18, 24 and 26. 
  
 (c) Following the date the Term expires on account of the
Executive’s Total Disability, the rights of the Executive shall be as provided in ARTICLES 4, 5, 6, 7, 9, 10, 13, 14, 15, 16, 18, 24 and 26. 
  
 (d) Following the date the Term expires on account of the Executive’s exercise of the Notice Exception, the rights of the Executive
shall be as provided in ARTICLES 4, 5, 6, 9, 10, 13, 14, 15, 16, 18, 24 and 26. 
  
 (e) Following the date the Term expires on account of the termination of the Executive for Cause, the Executive shall be entitled to
receive his Base Salary through the Termination Date plus any amounts that the Executive was entitled to receive through the Termination Date as provided in ARTICLES 5, 6, 10, 14, 15, 16, 18, 24 and 26. If the Term expires on account of the
termination of the Executive for Cause, the Executive shall continue to be subject to the provisions of ARTICLE 13 and the Executive shall forfeit any rights under annual incentive, long-term incentive, equity compensation and similar plans or
awards that were not vested on the Termination Date. 
  
 ARTICLE
4 
 COMPENSATION 
  
 4.1. Base Salary. For all services rendered by the Executive during the Term, including without limitation, services as an executive, officer,
director (except fees and reimbursements to which all members of the Board, or a subsidiary or affiliate of the Company, are generally entitled) or member of any committee of the Company or of any subsidiary, affiliate, or division thereof, the
Company shall pay the Executive as compensation a base annual salary (the “Base Salary”), payable in appropriate installments to conform with regular payroll dates for salaried personnel of the Company. The annual rate of the
Executive’s Base Salary shall be at least $525,000. The Board’s Committee on Executive Compensation (the “Committee”) shall review the Executive’s performance on an annual basis and may, in its discretion, increase the
Executive’s Base Salary on account of his performance. 
  
 4.2. Bonus. As of the date of this Agreement, the Company sponsors for the benefit of its senior executives the DIMON Management Incentive Plan (the “MIP”). In addition to the Base Salary provided for in Section 4.1, the
Executive shall be entitled to such bonus or bonuses, if any, as may be awarded to the Executive from time to time under the MIP (or any successor or replacement bonus plan or arrangement) (the “Awarded Bonus”). The Awarded Bonus shall be
payable in the manner specified in the MIP (or the successor or replacement bonus plan or arrangement, as the case may be). The “target” annual bonus under the MIP shall be at least seventy-five percent (75%) of the Executive’s
then-current Base Salary and the maximum annual bonus under the MIP shall be two hundred percent (200%) of the Executive’s “target” annual bonus for the fiscal year. If the Term expires on account of the Executive’s resignation
with Good Reason or the Company’s exercise of the Notice Exception, then the Executive shall receive a pro rata amount of the annual bonus for the year that includes the Termination Date as determined by the Committee. 
  

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 4.3. Special Incentive. In addition to the Base Salary provided for in Section 4.1 and the bonus
opportunity provided for in Section 4.2, and for the period beginning on the Effective Date and ending on March 31, 2007 (the “performance period”), the Executive shall be entitled to receive a special incentive bonus (the “Special
Incentive”) based on the achievement of objectives in accordance with Exhibit I to this Agreement. The amount of the Special Incentive payable to the Executive shall be determined and paid no later than ten days after the Company’s audited
financial statements for the performance period are available to the Company. If the Term expires prior to March 31, 2007 on account of the Executive’s resignation with Good Reason or the Company’s exercise of the Notice Exception, then
the Executive’s interest in the Special Incentive shall be vested with respect to a pro rata amount of the Special Incentive as determined by the Committee. If the Term expires prior to March 31, 2007 on account of the Executive’s
resignation with Good Reason within twenty-four months after a Change in Control (as defined in Section 12.2) or on account of the Company’s exercise of the Notice Exception within twenty-four months after a Change in Control, then the
Executive’s interest in the Special Incentive shall be vested with respect to a pro rata amount of the Special Incentive as determined by the Committee. The Executive shall be entitled to receive the Special Incentive, to the extent
earned, if the Term expires on or after March 31, 2007. 
  
 4.4.
Long-Term Incentive Plans. The Executive shall be eligible to receive awards under the Company’s long-term incentive plans as determined by the Committee in its discretion; provided, however, that if the Executive is not the
Company’s Chief Executive Officer, the Executive’s level of participation in such plans shall be the same as the Chief Executive Officer’s level of participation in such plans. If the Term expires on account of the Executive’s
resignation with Good Reason or the Company’s exercise of the Notice Exception, then (i) all restrictions on any restricted or deferred stock awards outstanding on the Termination Date shall be eliminated, (ii) all stock options outstanding on
the Termination Date with an exercise price equal to or less than the fair market value of the shares as of the close of business on the Termination Date shall be immediately vested and shall remain exercisable for twenty-four (24) months thereafter
or until the expiration date of the option, if sooner; provided, that without the Executive’s consent this clause (ii) shall not apply to options that are intended to be incentive stock options under Section 422 of the Internal Revenue Code of
1986 and (iii) all stock options outstanding on the Termination Date with an exercise price greater than the fair market value of the shares as of the close of business on the Termination Date shall be cancelled as of the close of business on the
Termination Date. 
  
 ARTICLE 5 
 REIMBURSEMENT OF EXPENSES, OFFICE AND SECRETARIAL ASSISTANCE 
  
 The Company recognizes that the Executive will incur, from time to time, expenses for the benefit of the Company and in
furtherance of the Company’s business, including, but not limited to, expenses for entertainment, travel and other business expenses consistent with the Company’s past practices. During the Term the Executive will be reimbursed for his
reasonable expenses incurred for the benefit of the Company in accordance with the general policy of the Company as adopted from time to time by the Board. To receive such reimbursement, the Executive must present to the Company an itemized
accounting, in such detail as the Company may reasonably request, of such expenditures. The Company further agrees to furnish the Executive during the Term with an office and such secretarial assistance as shall be suitable to 

  

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the character of the Executive’s position with the Company and adequate for the performance of his duties hereunder. In the event of the termination of
the Executive’s employment for any reason, the Company shall reimburse the Executive (or in the event of death, his personal representative) for expenses incurred by the Executive on behalf of the Company prior to the Termination Date to the
extent such expenses have not been previously reimbursed by the Company. 
  
 ARTICLE 6 
 SUPPLEMENTAL RETIREMENT BENEFIT 
  
 The Executive shall participate in the Company’s Supplemental Executive Retirement Plan (the “SERP”). The
Executive shall be entitled to receive benefits in accordance with, and subject to, the terms of the SERP, as in effect from time to time. The Executive’s Surviving Spouse (as defined in the SERP) also shall be entitled to receive benefits in
accordance with, and subject to, the terms of the SERP, as in effect from time to time. 
  
 ARTICLE 7 
 DISABILITY BENEFITS 
  
 7.1. Commencement of Total Disability. If the Executive suffers a “Total Disability” (as defined in Section
7.4) during the Term, he shall be deemed totally disabled (“Totally Disabled”) for purposes of this Agreement as of the date such Total Disability commenced. 
  
 7.2. Benefits Payable Upon Total Disability. In the event of the Executive’s disability or Total Disability, he
shall be entitled to receive benefits in accordance with, and subject to, the terms of any short-term disability, long-term disability or other plan or program providing benefits for disability maintained by the Company. 
  
 7.3. Cessation of Disability. Notwithstanding the provisions of
Section 7.2, if prior to the end of the Disability Period, the Executive’s Total Disability shall have ceased under the definition of Total Disability set forth in Section 7.4 and he shall have commenced to perform his regular duties hereunder,
the following special provisions shall apply: (i) this Agreement shall continue in full force and effect (except as otherwise provided in ARTICLE 3); and (ii) the Executive shall be entitled to resume his employment under this Agreement and to
receive thereafter compensation in accordance with ARTICLE 4 as though he had not been Totally Disabled. 
  
 7.4. Definition of Total Disability. For purposes of this Agreement, “Total Disability” shall mean the permanent and total inability, by
reason of physical or mental infirmity, or both, of the Executive to perform his regular and customary duties with the Company in a satisfactory manner for one hundred eighty (180) days in any period of three hundred sixty-five (365) days. The
determination of the existence or nonexistence of Total Disability shall be made by the Board, pursuant to a medical examination by a medical doctor licensed to practice medicine in the Commonwealth of Virginia selected or approved by the Board.

  

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 ARTICLE 8 
 DEATH BENEFIT 
  
 Upon the
expiration of the Term on account of the Executive’s death, the Company shall pay to the Executive’s designated beneficiary (as determined pursuant to ARTICLE 16 or the terms of the applicable benefit plan) any life insurance or death
benefits payable under any plan or program maintained by the Company. 
  
 ARTICLE 9 
 DEATH FOLLOWING COMMENCEMENT OF PAYMENTS 
  
 If (i) the Term expires under circumstances entitling the Executive to receive payments pursuant to ARTICLES 7 or 12 and
(ii) the Executive dies prior to receiving any or all of the payments, monthly installments or benefits to which he is due hereunder (including, for the avoidance of doubt, amounts payable under Sections 4.2, 4.3 and 4.4), then such remaining
payments, monthly installments or benefits shall be payable to his designated beneficiary (as determined pursuant to ARTICLE 16). 
  
 ARTICLE 10 
 OTHER EMPLOYEE BENEFITS

  
 The Executive shall be entitled to participate in any and
all retirement, health, disability, life insurance, long-term disability insurance, nonqualified deferred compensation and tax-qualified retirement plans or any other plans or benefits offered by the Company to its employees or executives generally,
if and to the extent the Executive is eligible to participate in accordance with the terms and provisions of any such plan or benefit program. Nothing in this ARTICLE 10 is intended, or shall be construed, to require the Company to institute any
particular plan, program or benefit. Benefits payable pursuant to this Agreement shall be in addition to benefits payable to the Executive under all other employee benefit plans or programs of the Company. 
  
 ARTICLE 11 
 VACATION AND SICK LEAVE 
  
 The Executive shall be entitled to four weeks of vacation and reasonable periods of sick leave during each calendar year in accordance with established Company policy. The Executive shall continue to receive his Base
Salary during the time of his vacation and sick leave. 
  
 ARTICLE 12 
 TERMINATION COMPENSATION 
  
 12.1. Monthly Compensation. Upon the expiration of the Term for any reason, the Executive shall be entitled to
continue to receive his Base Salary through the last day of the month in which the Termination Date occurs (the “Termination Month”). 
  
 12.2. Severance Payment. In addition to the compensation provided for in Section 12.1, upon the termination of the Executive’s employment by
the Company’s exercise of the Notice Exception or by the Executive for Good Reason, the Executive (or in the event of his subsequent death, his designated beneficiary) shall be entitled to receive a single cash payment 

  

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equal to a multiple of (a) the Executive’s Base Salary as in effect on the Termination Date plus (b) the greater of (i) the Executive’s target
annual bonus under Section 4.2 for the year that includes the Termination Date or (ii) the average of the actual annual bonuses paid to the Executive under Section 4.2 for the two years ended before the Termination Date. The multiplier shall be (i)
two and one-half (21⁄2) if the Termination Date occurs during the Initial Term, (ii) three (3) if the Termination Date is within twenty-four months after a Change in Control or (iii) two (2) in all other cases. In addition, for thirty months
following the Termination Date (or thirty-six months if the Termination Date is within twenty-four months after a Change in Control), the Executive shall continue to participate in all employee welfare benefit plans or programs of the Company (as
described in ARTICLE 10); provided, however, that if the Company is unable for whatever reason to provide the Executive with coverage under one or more such plans then (i) the Company, consistent with sound business practices, shall use its best
efforts to provide the Executive with an individual policy or policies of insurance providing such coverage and (ii) any premium charged for such individual policy or policies, to the extent it exceeds the cost of providing coverage under the
Company plan or plans, shall be paid by the Company. 
  
 For
purposes of this Agreement, “Change in Control” shall mean any of the following: 
  
 (a) Any “person” (as such term is used in Sections 13(d) and 14(d)(2) of the Securities Exchange Act of 1934, as amended) becomes the beneficial owner, directly or indirectly, of Company securities
representing more than 30% of the aggregate voting power of all classes of the Company’s voting securities on a fully diluted basis, after giving effect to the conversion of all outstanding warrants, options and other securities of the Company
convertible into or exercisable for voting securities of the Company (whether or not such securities are then exercisable); 
  
 (b) The shareholders of the Company approve a plan of merger, consolidation or share exchange between the Company and an entity other than a direct or
indirect wholly-owned subsidiary of the Company, unless the Company shareholders immediately before the completion of such transaction will continue to hold at least 50% of the aggregate voting power of all classes of voting securities of the
surviving or resulting entity; 
  
 (c) The shareholders of the
company approve a proposal with respect to the sale, lease, exchange or other disposition of all, or substantially all, of the Company’s property, unless the Company shareholders immediately before the completion of such transaction will
continue to hold, directly or indirectly, at least 50% of the aggregate voting power of all classes of voting securities of the transferee; 
  
 (d) During any period of two consecutive years (which period may be deemed to begin prior to the date of this Agreement), individuals who at the beginning
of such period constituted the Board, together with any new members of the Board whose election by the Board or whose nomination for election by the Company’s shareholders was approved by a majority of the members of the Board then still in
office who either were directors at the beginning of such period or whose nomination or election was previously so approved, cease for any reason to constitute a majority of the Board; or 
  

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 (e) The Board, in its sole discretion, determines that a Change in Control has occurred. 
  
 ARTICLE 13 
 POST-TERMINATION OBLIGATIONS 
  
 All payments and benefits to the Executive under this Agreement shall be subject to the Executive’s compliance with the following provisions during the Term and following the termination of the Executive’s
employment: 
  
 13.1. Assistance in Litigation. The
Executive shall, upon reasonable notice, furnish such information and assistance to the Company as may reasonably be required by the Company in connection with any litigation in which it is, or may become, a party, and which arises out of facts and
circumstances known to the Executive. The Company shall promptly reimburse the Executive for his out-of-pocket expenses incurred in connection with the fulfillment of his obligations under this Section 13.1. 
  
 13.2. Confidential Information. The Executive shall not disclose or
reveal to any unauthorized person any trade secret or other confidential information relating to the Company, its subsidiaries or affiliates, or to any businesses operated by them, and the Executive confirms that such information constitutes the
exclusive property of the Company; provided, however, that the foregoing shall not prohibit the Executive from disclosing such information to the extent necessary or desirable in connection with obtaining financing for the Company (or furnishing
such information under any agreements, documents or instruments under which such financing may have been obtained) or otherwise disclosing such information to third parties or governmental agencies in furtherance of the interests of the Company; or
as may be required by law. 
  
 13.3. Noncompetition. The
Executive shall not: (i) during his employment by the Company and for the three-year period following the expiration of the Term, without the prior written consent of the Company, engage directly or indirectly, as a licensee, owner, manager,
consultant, officer, employee, director, investor or otherwise, in any business in competition with the Company; or (ii) usurp for his own benefit any corporate opportunity under consideration by the Company during his employment, unless the Company
shall have finally decided not to take advantage of such corporate opportunity. The restrictions of part (i) of this Section 13.3 shall not apply if the employment of the Executive is terminated by the Company’s exercise of the Notice Exception
or by the Executive for Good Reason, and shall further not apply to a passive investment by the Executive constituting ownership of less than five percent (5%) of the equity of any entity engaged in any business described in part (i) of this Section
13.3. The Executive acknowledges that the possible restrictions on his activities which may occur as a result of his performance of his obligations under this Section 13.3 are required for the reasonable protection of the Company. 
  
 13.4. Nonsolicitation. During his employment by the Company and for
the one-year period following the expiration of the Term, the Executive will not recruit or solicit any employee of the Company to leave the Company to work with or for Executive or for any other person or business by whom Executive is employed.
During the Term and for the one-year 

  

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period following the expiration of the Term, the Executive will not recruit or solicit any customers or vendors of the Company to become customers or vendors
of any business entity that competes with any of the businesses owned or operated by, or under common ownership with, the Company. 
  
 13.5. Nondisparagement. The Executive shall not make any statements that denigrate or disparage the Company, its employees or its Board to the
media or financial analysts. The Company, the Board and the Company’s employees shall not make any statements that denigrate or disparage the Executive to the media or financial analysts. 
  
 13.6. Return of Company Property. All records, files, drawings,
documents, models, equipment and the like relating to the business of the Company that the Executive prepared or used or came in contact with during the Executive’s employment by the Company shall be and remain the sole property of the Company
and the Executive warrants that as of the termination of the Executive’s employment all such property will be returned to the Company and that the Executive will not retain any such property. In addition, upon termination of his employment
hereunder the Executive agrees to turn over to the Company all documents (including without limitation paper documents, audiotapes, videotapes and other recording media, as well as all copies and transcripts thereof) that contain matters of or
relating to trade secrets, confidential information, etc. of the Company. 
  
 13.7. Failure to Comply. In the event that the Executive shall fail to comply with any provision of this ARTICLE 13, and such failure shall continue for ten (10) days following delivery of notice thereof by the
Company to the Executive, all rights hereunder of the Executive and any person claiming under or through him shall thereupon terminate and no person shall be entitled thereafter to receive any payments or benefits hereunder (except for benefits
under employee benefit plans or programs as provided in ARTICLE 10 which have been earned or otherwise fixed or determined to be payable prior to such termination). In addition to the foregoing, in the event of a breach or threatened breach by the
Executive of the provisions of this ARTICLE 13, the Company shall have and may exercise any and all other rights and remedies available to the Company at law or otherwise, including but not limited to obtaining an injunction from a court of
competent jurisdiction enjoining and restraining the Executive from committing such violation, and the Executive hereby consents to the issuance of such injunction. 
  
 ARTICLE 14 
 ADDITIONAL PAYMENTS BY COMPANY 
  
 14.1.
Gross-Up Payment. This Section 14.1 applies if (i) any amount required to be paid or distributed to the Executive pursuant to this Agreement and any other amounts otherwise required to be paid or distributed to the Executive by the Company
shall constitute a parachute payment within the meaning of Section 280G of the Internal Revenue Code of 1986, as amended (the “Code”), (ii) the aggregate of such parachute payments shall cause the Executive to be subject to the excise tax
on excess parachute payments under Section 4999 of the Code (the “Excise Tax”), or any successor or similar provision thereof and (iii) the total of all such parachute payments equals or exceeds one hundred ten percent (110%) of the amount
that could be paid to the Executive without the Executive incurring an Excise Tax liability. In that event, the Company shall pay to the Executive an additional amount (the “Gross-Up Payment”) such 

  

 -11- 

 
that the net amount the Executive shall receive after the payment of any Excise Tax and any Excise Tax or other taxes on the Gross-Up Payment, shall equal
the amount which he would have received if the Excise Tax had not been imposed. The Gross-Up Payment shall be the sum of the following: 
  
 (a) The rate of the Excise Tax multiplied by the amount of the excess parachute payments; 
  
 (b) Any federal income tax, social security tax,
unemployment tax or Excise Tax imposed upon the Executive as a result of the Gross-Up Payment required to be made under this ARTICLE 14; and 
  
 (c) Any state income or other tax imposed upon the Executive as a result of the Gross-Up Payment required to be made under this ARTICLE
14. 
  
 For purposes of determining the amount of the Gross-Up
Payment, the Executive shall be deemed to pay federal income taxes at the highest marginal rate of federal income taxation for individuals in the calendar year in which the Excise Tax is required to be paid. In addition, the Executive shall be
deemed to pay state income taxes at a rate determined in accordance with the following formula: 
  
 ( 1 - (highest marginal rate of federal income taxation for individuals)) x (highest marginal rate of [Virginia] income taxes for individuals in the
calendar year in which the Excise Tax is required to be paid). 
  
 In the event the Executive is subject to the provisions of Section 68 of the Code, the combined federal and state income tax rate determined above shall be adjusted to reflect any loss in the federal deduction for state income taxes on the
Gross-Up Payment. 
  
 The Gross-Up Payment shall be made not later
than the fifth (5th) day, or as soon thereafter as the Company deems practicable, following the date the Executive becomes subject to payment of the Excise Tax; provided, however, that if the amount of such payment cannot be finally determined on or
before such day, the Company shall pay to the Executive on such day an estimate, as determined in good faith by the Company, of the minimum amount of such payment and shall pay the remainder of such payment (together with interest at the rate
provided under Section 1274(b)(2)(B) of the Code) as soon as the amount can be determined but no later than the thirtieth (30th) day after the date the Executive becomes subject to the payment of the Excise Tax. In the event the amount of the
estimated payment exceeds the amount subsequently determined to have been due, to the extent permitted by applicable law, such excess shall constitute a loan by the Company to the Executive, payable on the fifth (5th) day after demand by the Company
(together with interest at the rate provided in Section 1274(b)(2)(B) of the Code). 
  
 In the event that the Excise Tax is subsequently determined to be less than the amount taken into account hereunder at the time the Gross-Up Payment is made, the Executive shall repay to the Company at the time that
the amount of such reduction in Excise Tax is finally determined, the portion of the Gross-Up Payment attributable to such reduction (plus the portion 

  

 -12- 

 
of the Gross-Up Payment attributable to the Excise Tax, federal and state taxes imposed on the Gross-Up Payment being repaid by the Executive, if such
repayment results in a reduction in Excise Tax and/or a federal or state tax deduction) plus interest on the amount of such repayment at the rate provided in Section 1274(b)(2)(B) of the Code. In the event that the Excise Tax is determined to exceed
the amount taken into account hereunder at the time the Gross-Up Payment is made (including by reason of any payment the existence or amount of which cannot be determined at the time of the Gross-Up Payment), the Company shall make an additional
Gross-Up Payment in respect of such excess (plus any interest payable with respect to such excess) at the time that the amount of such excess is finally determined. 
  
 14.2. Reduction in Parachute Payments. This Section 14.2 applies if (i) any amount required to be paid or distributed
to the Executive pursuant to this Agreement and any other amounts otherwise required to be paid or distributed to the Executive by the Company shall constitute a parachute payment within the meaning of Section 280G of the Code, (ii) the aggregate of
such parachute payments shall cause the Executive to be subject to the Excise Tax and (iii) the total of such parachute payments is less than one hundred ten percent (110%) of the amount that could be paid to the Executive without the Executive
incurring an Excise Tax liability. In that event, such payments shall be reduced to the maximum amount that may be paid without subjecting the Executive of the Excise Tax. 
  
 ARTICLE 15 
 ATTORNEYS’ FEES 
  
 In the event that the
Executive incurs any attorneys’ fees in connection with entering into this Agreement or in protecting or enforcing his rights under this Agreement or under any employee benefit plans or programs sponsored by the Company in which the Executive
is a participant, the Company shall reimburse the Executive for such reasonable attorneys’ fees and for any other reasonable expenses related thereto unless, in the case of an action instituted by the Executive, the Executive is acting in bad
faith. Such reimbursement shall be made within thirty (30) days following final resolution of the dispute or occurrence giving rise to such fees and expenses. 
  

ARTICLE 16 
 BENEFICIARY

  
 The Executive shall name one or more primary beneficiaries
and one or more contingent beneficiaries, who shall be entitled to receive any death benefit payable under ARTICLE 8 or any benefits payable under ARTICLE 9 due to the Executive’s death following commencement of payments under ARTICLES 7 or 12,
which beneficiary or beneficiaries shall be subject to change from time to time by notice in writing to the Board. A beneficiary may be a trust, an individual or the Executive’s estate. If the Executive fails to designate a beneficiary, primary
or contingent, then and in such event, such benefit shall be paid to the surviving spouse of the Executive or, if he shall leave no surviving spouse, then to the Executive’s estate. If a named beneficiary entitled to receive any death benefit
is not living or in existence at the death of the Executive or dies prior to asserting a written claim for any such death benefit, then and in any such event, such death benefit shall be paid to the other primary beneficiary or beneficiaries named
by the Executive who shall then be living or in existence, if any, otherwise to the 

  

 -13- 

 
contingent beneficiary or beneficiaries named by the Executive who shall then be living or in existence, if any; but if there are no primary or contingent
beneficiaries then living or in existence, such benefit shall be paid to the surviving spouse of the Executive or, if he shall leave no surviving spouse, then to the Executive’s estate. If a named beneficiary is receiving or is entitled to
receive payments of any such death benefit and dies before receiving all of the payments due him, any remaining benefits shall be paid to the other primary beneficiary or beneficiaries named by the Executive who shall then be living or in existence,
if any, otherwise to the contingent beneficiary or beneficiaries named by the Executive who shall then be living or in existence, if any; but if there are no primary or contingent beneficiaries then living or in existence, the balance shall be paid
to the estate of the beneficiary who was last receiving the payments. 
  
 ARTICLE 17 
 DECISIONS BY COMPANY; FACILITY OF PAYMENT 
  
 Any powers granted to the Board hereunder may be exercised by a committee, appointed by the Board, and such committee, if
appointed, shall have general responsibility for the administration and interpretation of this Agreement; provided, however, that any action by the Company to terminate the Executive’s employment under the Notice Exception or for Cause or to
enforce (or assert the Executive’s violation of) the provisions of ARTICLE 13 shall be taken only pursuant to a resolution adopted by a majority of the members of the Board (and not a committee or other delegate of the Board) at a duly held
meeting of the Board. Subject to and to the extent not inconsistent with the provisions of ARTICLE 16, if the Board or the committee shall find that any person to whom any amount is or was payable hereunder is unable to care for his affairs because
of illness or accident, or is a minor, or has died, then the Board or the committee, if it so elects, may direct that any payment due him or his estate (unless a prior claim therefore has been made by a duly appointed legal representative) or any
part thereof be paid or applied for the benefit of such person or to or for the benefit of his spouse, children or other dependents, an institution maintaining or having custody of such person, any other person deemed by the Board or committee to be
a proper recipient on behalf of such person otherwise entitled to payment, or any of them, in such manner and proportion as the Board or committee may deem proper. Any such payment shall be in complete discharge of the liability of the Company
therefor. 
  
 ARTICLE 18 
 INDEMNIFICATION 
  
 The Company shall indemnify the Executive during his employment and thereafter to the maximum extent permitted by applicable law from any and all
liability of the Executive arising out of, or in connection with, his employment by the Company or membership on the Board; provided, that in no event shall such indemnity of the Executive at any time during the period of his employment by the
Company be less than the maximum indemnity provided by the Company at any time during such period to any other officer or director under any indemnification insurance policy or the bylaws or charter of the Company or by agreement. 
  

 -14- 

 ARTICLE 19 
 SOURCE OF PAYMENTS; NO TRUST 
  
 The obligations of the Company to make payments hereunder shall constitute a liability of the Company to the Executive. Such payments shall be from the general funds of the Company, and the Company shall not be required to establish or
maintain any special or separate fund, or otherwise to segregate assets to assure that such payments shall be made, and neither the Executive nor his designated beneficiary shall have any interest in any particular asset of the Company by reason of
its obligations hereunder. Nothing contained in this Agreement shall create or be construed as creating a trust of any kind or any other fiduciary relationship between the Company and the Executive or any other person. To the extent that any person
acquires a right to receive payments from the Company hereunder, such right shall be no greater than the right of an unsecured creditor of the Company. 
  
 ARTICLE 20 
 SEVERABILITY

  
 All agreements and covenants contained herein are
severable, and in the event any of them shall be held to be invalid in an arbitration under Section 24.2, this Agreement shall be interpreted as if such invalid agreements or covenants were not contained herein. 
  
 ARTICLE 21 
 ASSIGNMENT PROHIBITED 
  
 This Agreement is personal to each of the parties hereto, and neither party may assign nor delegate any of his or its rights or obligations hereunder without first obtaining the written consent of the other party;
provided, however, that nothing in this ARTICLE 21 shall preclude (i) the Executive from designating a beneficiary to receive any benefit payable under this Agreement upon his death or (ii) the executors, administrators, or other legal
representatives of the Executive or his estate from assigning any rights under this Agreement to the person or persons entitled thereto. 
  
 ARTICLE 22 
 NO ATTACHMENT

  
 Except as otherwise provided in this Agreement or required
by applicable law, no right to receive payments under this Agreement shall be subject to anticipation, commutation, alienation, sale, assignment, encumbrance, charge, pledge or hypothecation or to execution, attachment, levy, or similar process or
assignment by operation of law, and any attempt, voluntary or involuntary, to effect any such action shall be null, void and of no effect. 
  
 ARTICLE 23 
 HEADINGS 

 
 The headings of articles, paragraphs and sections herein are included
solely for convenience of reference and shall not control the meaning or interpretation of any of the provisions of this Agreement. 
  

 -15- 

 ARTICLE 24 
 GOVERNING LAW; ARBITRATION 
  
 24.1. Governing Law. The parties intend that this Agreement and the performance hereunder and all proceedings hereunder shall be construed in accordance with and under and pursuant to the laws of the Commonwealth of Virginia and that
in any proceeding that may be brought arising out of, in connection with, or by reason of this Agreement, the laws of the Commonwealth of Virginia shall be applicable and shall govern to the exclusion of the laws of any other forum. 
  
 24.2. Arbitration. Any dispute arising out of, in connection with or
by reason of this Agreement, including the breach, termination, interpretation or validity thereof shall be finally resolved by arbitration in accordance with the CPR Institute for Dispute Resolution Rules for Non-Administered Arbitration as in
effect on the Effective Date, by three arbitrators of whom each party shall select one and the third to be selected by the two party-designated arbitrators. Prior to the first presentation to the panel of arbitrators each party shall submit to the
arbitrators and the other party a written statement setting forth that party’s position with respect to the issue or issues being arbitrated and the correct interpretation of this Agreement, the correct resolution of the issues and the amount,
if any, that the party claims should be paid under this Agreement with respect to such issue or issues. At the conclusion of the arbitration the panel shall approve the position of one of the parties and the interpretation, resolution or the amount,
if any, to be paid in accordance with that party’s written statement. Except as provided in the two preceding sentences, the arbitration shall be governed by the Federal Arbitration Act, 9 U.S.C. § § 10-16. Judgment upon the award
rendered by the arbitrators may be entered by any court having jurisdiction thereof. The place of arbitration shall be in the city in which the Company’s principal executive office is located. 
  
 ARTICLE 25 
 BINDING EFFECT 
  
 This Agreement shall be binding upon, and inure to the benefit of, the Executive and his heirs, executors, administrators and legal representatives and the Company and its permitted successors and assigns. 

 
 ARTICLE 26 
 MERGER OR CONSOLIDATION 
  
 The Company will not consolidate or merge into or with another corporation, or transfer all or substantially all of its assets to another corporation (the “Successor Corporation”) unless the Successor
Corporation shall assume this Agreement, and upon such assumption, the Executive and the Successor Corporation shall become obligated to perform the terms and conditions of this Agreement. 
  
 ARTICLE 27 
 COUNTERPARTS 
  
 This Agreement may be executed in one or more counterparts, each of which shall be deemed an original but all of which together shall constitute one and the same instrument. 
  

 -16- 

 ARTICLE 28 
 ENTIRE AGREEMENT 
  
 This
Agreement expresses the whole and entire agreement between the parties with reference to the employment of the Executive and, as of the Effective Date, supersedes and replaces any prior employment agreement, understanding or arrangement (whether
written or oral) between the Company and the Executive or Standard Commercial Corporation and the Executive. Each of the parties hereto has relied on his or its own judgment in entering into this Agreement. 
  
 ARTICLE 29 
 NOTICES 
  
 All notices, requests and other communications to any party under this Agreement shall be in writing (including telefacsimile transmission or similar writing) and shall be given to such party at its address or telefacsimile number set forth
below or such other address or telefacsimile number as such party may hereafter specify for the purpose by notice to the other party: 
  

	 	(a)	If to the Executive: 

  
 Robert E. Harrison 
 7300 Haymarket Lane

 Raleigh, North Carolina 
  
 With a copy to: 
  
 Michael P. Bentzen, Esq. 
 Hughes &
Bentzen, PLLC 
 1667 K Street, N.W. 
 Suite 520 
 Washington, D.C. 20006 
 Fax Number: (202) 293-8973 
  

	 	(b)	If to the Company: 

  
 DIMON Incorporated 
 512 Bridge Street

 P.O. Box 681 
 Danville,
Virginia 24543-0681 
 Fax Number: (804) 791-0180 
  
 Each such notice, request or other communication shall be effective (i) if given by mail, 72 hours after such communication is deposited in the mails with
first class postage prepaid, addressed as aforesaid or (ii) if given by any other means, when delivered at the address specified in this ARTICLE 29. 
  

 -17- 

 ARTICLE 30 
 MODIFICATION OF AGREEMENT 
  
 No waiver or modification of this Agreement or of any covenant, condition, or limitation herein contained shall be valid unless in writing and duly executed by the party to be charged therewith. No evidence of any waiver or modification
shall be offered or received in evidence at any proceeding, arbitration, or litigation between the parties hereto arising out of or affecting this Agreement, or the rights or obligations of the parties hereunder, unless such waiver or modification
is in writing, duly executed as aforesaid. The parties further agree that the provisions of this ARTICLE 30 may not be waived except as herein set forth. 
  
 ARTICLE 31 
 TAXES 
  
 To the extent required by applicable law, the Company shall deduct and
withhold all necessary Social Security taxes and all necessary federal and state withholding taxes and any other similar sums required by law to be withheld from any payments made pursuant to the terms of this Agreement. 
  
 ARTICLE 32 
 RECITALS 
  
 The Recitals to this Agreement are incorporated herein and shall constitute an integral part of this Agreement. 
  
 ARTICLE 33 
 EFFECT OF PRIOR
AGREEMENTS 
  
 This agreement expresses the whole and entire
agreement between the parties with reference to the employment of the Executive and supersedes and replaces as of the Effective Date any prior employment agreement, understanding or arrangement (whether written or oral) between the Company and the
Executive or Standard Commercial Corporation and the Executive. Each of the parties hereto has relied on his or its own judgment in entering into this Agreement. 
  

 -18- 

 IN WITNESS WHEREOF, the parties have executed this Agreement on the day and year first above written.

  

					
	EXECUTIVE
		
	/s/ Robert E. Harrison	 	(SEAL)
	 Robert E. Harrison

	
	 WITNESS:

	
	/s/ Donald R. Reynolds
	
	 DIMON INCORPORATED

		
	 By:
	 	 /s/ Brian J. Harker

	 	 	 Chief Executive Officer
	 	 
	
	 Attest:

	
	/s/ Thomas C. Parrish
	 Secretary/Asst. Secretary

  

 -19- 

  
 Exhibit I 
  
 Special Long-Term Incentive 
 Section 4.3 
  
 Objective 
  

	 	•	Establish a significant special incentive opportunity for achieving targeted cumulative earnings per share and specific projected savings over initial two-year period
following completion of the transaction 

  
 Rationale

  

	 	•	Encourage executives to work together to post the desired transaction results 

  

	 	•	Rewards for achieving cumulative EPS and savings targets which should be reflected in increased shareholder value 

  

	 	•	Rewards aligned with long-term transaction objectives vs. a “getting the deal done” bonus 

  
 Participants 
  

	 	•	Chairman of the Board/Chief Executive Officer and President/Chief Operating Officer 

  

	 	•	Others selected by CEO and President, and approved by Compensation Committee 

  

 -20- 

 Measurement/Objective 
  

	 	•	Goal of two-year (4/1/05 - 3/31/07) cumulative earnings per share of $(*) and total cash cost reductions, specifically targeted as a resulting benefit of the transaction, of
$(**) million 

  

	 	-	75% of the incentive payout is based on cumulative EPS 

  

	 	-	25% of the incentive payout is based on cumulative cost reductions 

  
 Awards/Payout 
  

	 	•	COB/CEO and President/COO each eligible to receive a cash award of up to $1,100,000 for achieving cumulative targeted results in the performance period (fiscal years 2006 and 2007)

  

	 	-	Achieving cumulative EPS over the period of $(*) earns a cash bonus of $825,000 

  

	 	••	Achievement of a minimum cumulative EPS of $(70% of *) results in minimum payout of $200,000; scaled payouts between minimum achievement level and target

  

	 	-	Achieving targeted cash cost reduction synergies of $(**) million earns a cash bonus of $275,000 

  

	 	••	Achievement of $(75% of **) million of targeted savings results in minimum payout of $100,000; scaled payouts between minimum and target 

	*	Within 60 days following the Effective Time, the Executive Compensation Committee of the Board of Directors of the Company as constituted immediately following the
Effective Time, in its sole discretion but after consultation with the Chairman of the Board/Chief Executive Officer and President/Chief Operating Officer, shall prescribe the cumulative EPS target for the performance period.

  

	**	Within 60 days following the Effective Time, the Executive Compensation Committee of the Board of Directors of the Company as constituted immediately following the
Effective Time, in its sole discretion but after consultation with the Chairman of the Board/Chief Executive Officer and President/Chief Operating Officer, shall prescribe the specific types and amounts of cost reductions to be achieved during the
performance period. 

  

 -21-EX-10.3

 Exhibit 10.3 
  
 DIMON INCORPORATED 
  

  
 Change in Control
Agreement for                      
  

 DIMON INCORPORATED 
  

  
 Change in Control Agreement for                      
  

  

					
	 	  	 	  	Page

			
	1.	  	Definitions	  	1
			
	2.	  	Term of Agreement	  	4
			
	3.	  	Entitlement to Severance Benefit	  	4
			
	4.	  	Confidentiality; Cooperation with Regard to Litigation; Non-disparagement	  	6
			
	5.	  	Non-Competition/Non-Solicitation	  	7
			
	6.	  	Remedies	  	8
			
	7.	  	Resolution of Disputes	  	8
			
	8.	  	Effect of Agreement on Other Benefits	  	8
			
	9.	  	Not an Employment Agreement	  	8
			
	10	  	Assignability; Binding Nature	  	8
			
	11.	  	Representation	  	9
			
	12.	  	Entire Agreement	  	9
			
	13.	  	Amendment or Waiver	  	9
			
	14.	  	Severability	  	9
			
	15.	  	Legal Fee Reimbursements	  	9
			
	16.	  	Section 280G Cut-Back	  	9
			
	17.	  	Survivorship	  	10
			
	18.	  	Beneficiaries/References	  	10
			
	19.	  	Governing Law/Jurisdiction	  	10
			
	20.	  	Notices	  	11
			
	21.	  	Headings	  	11
			
	22.	  	Counterparts	  	11

  

 CHANGE IN CONTROL AGREEMENT 
  
 AGREEMENT, made and entered into as of the             
day of                 ,          by and between DIMON INCORPORATED, a Virginia corporation (together with its
successors and assigns, the “Company”), and                      (the “Executive”).

  
 W I T N E S S
E T H: 
  
 WHEREAS, Executive is an employee
of the Company serving in an executive capacity; and 
  
 WHEREAS,
the Board of Directors of the Company (the “Board”) believes it is necessary and desirable that the Company be able to rely upon Executive to continue serving in his or her position in the event of a pending or actual change
in control of the Company. 
  
 NOW, THEREFORE, in consideration of
the promises and mutual covenants contained herein and for other good and valuable consideration, the receipt of which is mutually acknowledged, the Company and the Executive (individually a “Party” and together the
“Parties”) agree as follows: 
  
 1.
Definitions. 
  
 (a) “Base
Salary” shall mean Executive’s then current annual base salary. 
  
 (b) “Cause” shall exist if: (i) Executive willfully and materially breaches Sections 4 or 5 of this Agreement;
(ii) Executive commits an act constituting fraud, theft, misappropriation of Company funds, embezzlement or material dishonesty; (iii) Executive engages in conduct that constitutes willful gross neglect or willful gross misconduct in carrying out
his/her duties under this Agreement, resulting, in either case, in material harm to the Company’s financial condition or reputation; (iv) Executive is convicted, or pleas nolo contendere, to any felony, or (v) Executive refuses or fails to
substantially perform his material duties, responsibilities and obligations. 
  
 For purposes of this Agreement, any act or failure to act on Executive’s part shall be considered “willful” if done or omitted to be done by him/her not in good faith, and shall not include any act or
failure to act resulting from Executive’s incapacity. A termination for Cause shall not take effect until: (A) Executive has received written notice by the Company of its intention to terminate him/her for Cause, (B) such notice states in
detail the particular act or acts or failure or failures to act that constitute the grounds upon which the proposed termination for Cause is based, and (C) Executive has had 30 days after the delivery of notice to cure such conduct. If Executive
fails to cure such conduct, Executive shall then be entitled to a hearing before the Executive Compensation Committee of the Board (“Compensation Committee”) at which Executive is entitled to appear. Such hearing shall be
held within 25 days of such notice to Executive, provided he/she requests such hearing within 10 days of the written notice from the Company of the intention to terminate him/her for Cause. If, within five days following such hearing, Executive is
furnished written notice by the Board confirming that, in its judgment, grounds for Cause on the basis of the original notice exist, he/she shall thereupon be terminated for Cause. 
  

 - 1 - 

 (c) A “Change in Control” shall be deemed to have occurred if:

  
 (i) any Person (other than the Company, a
trustee or other fiduciary holding securities under any Company plan, or any company owned, directly or indirectly, by the Company’s stockholders immediately prior to the occurrence with respect to which the evaluation is being made in
substantially the same proportions as their ownership of the common stock of the Company) becomes the Beneficial Owner (except that a Person shall be deemed to be the Beneficial Owner of all shares that any such Person has the right to acquire
pursuant to any agreement or arrangement or upon exercise of conversion rights, warrants or options or otherwise, without regard to the sixty day period referred to in Rule 13d-3 under the Exchange Act), directly or indirectly, of securities of the
Company or any Significant Subsidiary (as defined below), representing 30% or more of the combined voting power of the Company’s or such subsidiary’s then outstanding securities; 
  
 (ii) during any consecutive 24-month period, individuals who
at the beginning of such period constitute the Board, and any new director (other than a director designated by a person who has entered into an agreement with the Company to effect a transaction described in clause (i), (iii), or (iv) of this
paragraph) whose election by the Board or nomination for election by the Company’s stockholders was approved by a vote of at least two-thirds of the directors then still in office who either were directors at the beginning of the two-year
period or whose election or nomination for election was previously so approved but excluding for this purpose any such new director whose initial assumption of office occurs as a result of either an actual or threatened election contest (as such
terms are used in Rule 14a-11 of Regulation 14A promulgated under the Exchange Act) or other actual or threatened solicitation of proxies or consents by or on behalf of an individual, corporation, partnership, group, associate or other entity or
Person other than the Board, cease for any reason to constitute at least a majority of the Board; 
  
 (iii) the consummation of a merger or consolidation of the Company or any subsidiary owning directly or indirectly all or substantially
all of the Company’s consolidated assets (a “Significant Subsidiary”) with any other entity, other than a merger or consolidation which would result in the voting securities of the Company and any such Significant Subsidiary
outstanding immediately prior thereto continuing to represent (either by remaining outstanding or by being converted into voting securities of the surviving or resulting entity) more than 80% of the combined voting power of the surviving or
resulting entity outstanding immediately after such merger or consolidation; 
  
 (iv) the Company’s stockholders approve a plan or agreement for the sale or disposition of all or substantially all of the Company’s consolidated assets (other than such a sale or disposition immediately
after which such assets will be owned directly or indirectly by the Company’s stockholders in substantially the same proportions as their ownership of the Company’s common stock immediately prior to such sale or disposition) in which case
the Board shall determine the effective date of the Change in Control resulting therefrom; 
  
 (v) the shareholders of the Company approve a plan of complete liquidation of the Company or an agreement for the sale or disposition by
the company of all or substantially of the Company’s assets; 
  

 - 2 - 

 (vi) the consummation of a merger, consolidation, reorganization or sale, transfer or
other disposition of all or substantially all of the assets of the Company or any Significant Subsidiary that requires, whether pursuant to applicable law or the rules of any stock exchange or quotation system on which the Company’s capital
stock is then traded or quoted, the approval of any class or series of the Company’s shareholders; or 
  
 (vii) any other event occurs which the Board determines, in its good faith discretion, should be treated as a Change in Control because of
its impact or potential impact on Executive’s employment with the Company. 
  
 For purposes of this definition: 
  
 (1) The term “Beneficial Owner” shall have the meaning ascribed to such term in Rule 13d-3 under the Exchange Act
(including any successor to such Rule). 
  
 (2)
The term “Exchange Act” means the Securities Exchange Act of 1934, as amended from time to time, or any successor act thereto. 
  
 (3) The term “Person” shall have the meaning ascribed to such term in Section 3(a)(9) of the Exchange Act and
used in Sections 13(d) and 14(d) thereof, including “group” as defined in Section 13(d) thereof. 
  
 (d) RESERVED 
  
 (e) “Good Reason” shall mean one or more of the following events (except as a result of a prior termination):

  
 (i) the assignment to Executive of any duties
that are inconsistent with his/her status as a member of the Company’s senior management; 
  
 (ii) a decrease in Executive’s annual Base Salary, Target Bonus, or aggregate benefit levels; 
  
 (iii) upon the breach of a material provision of this
Agreement by the Company after written notice from Executive and failure to cure by the Company within 30 days of receipt of such notice; or 
  
 (iv) any failure to secure the agreement of any successor corporation or other entity to the Company to fully assume the Company’s
obligations under this Agreement. 
  
 (f)
“Termination Date” shall mean the date of termination of Executive’s employment with the Company. 
  

 - 3 - 

 (g) “Target Bonus” means the target percentage of
Executive’s Base Salary payable to Executive at the Compensation Committee’s discretion provided that Executive satisfies certain performance criteria as determined by the Compensation Committee. 
  
 2. Term of Agreement. 
  
 The term of this Agreement shall commence on the date of
this Agreement (the “Effective Date”) and end on the third anniversary of such date (the “Original Term”). The Original Term shall be automatically renewed for successive one-year terms (the
“Renewal Terms”) unless at least 180 days prior to the expiration of the Original Term or any Renewal Term, either Party notifies the other Party in writing that he/she or it is electing to terminate this Agreement at the
expiration of the then current Term. “Term” shall mean the Original Term and all Renewal Terms. If a Change in Control shall have occurred during the Term, notwithstanding any other provision of this Section 2, the Term shall not expire
earlier than two years after such Change in Control. 
  
 3.
Entitlement to Severance Benefit. 
  
 (a)
Termination without Cause or by Executive for Good Reason. If a change in control occurs during the term and Executive’s employment with the Company is terminated by the Company without Cause, or by Executive for Good Reason, in either
case within two years following a Change in Control (even if the termination occurs after the Term), Executive shall be entitled to receive: 
  
 (i) Base Salary through the date of termination of Executive’s employment, payable in a cash lump sum no later than 15 days from the
Termination Date; 
  
 (ii) an amount equal to 2
times the sum of (1) Executive’s Base Salary, at the annualized rate in effect on the date of termination of Executive’s employment (or in the event a reduction in Base Salary is a basis for a Good Reason termination, then the Base Salary
in effect immediately prior to such reduction) plus (2) the greater of (A) Executive’s Target Bonus; and (B) Executive’s actual bonus received for the most recently completed fiscal year, such amount payable in a cash lump sum promptly
(but in no event later than 15 days) following the Termination Date; 
  
 (iii) pro rata annual incentive award for the year in which termination occurs assuming that Executive would have received an award equal to the higher of (A) Executive’s Target Bonus for such year, or (B)
Executive’s actual bonus received for the most recently completed fiscal year, payable in a cash lump sum promptly (but in no event later than 15 days) following the Termination Date; 
  

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 (iv) elimination of all restrictions on any restricted or deferred stock awards
outstanding at the time of termination of employment; 
  
 (v) immediate vesting of all outstanding stock options with an exercise price equal to or less than the fair market value of a share of Company common stock as of the close of business on the Termination Date and the right to exercise such
stock options for 24 months or the remainder of the exercise period, if less; provided, however, that this clause (v) of this Section 3 shall not apply to options that are intended to be incentive stock options (under Section 422 of the Internal
Revenue Code of 1986, as amended (the “Code”)) without Executive’s written consent; provided, that all stock options that have an exercise price that exceeds the fair market value of a share of Company common stock as of the close of
business on the Termination Date shall be cancelled as of such time. 
  
 (vi) continued participation in all medical, health and life insurance plans (which shall count toward any continuation coverage required under Section 4980 of the Code (“COBRA”)), at the same benefit level
at which Executive was participating on the date of termination of his/her employment until the earlier of 24 months, or the date, or dates that Executive receives equivalent coverage and benefits under the plans and programs of a subsequent
employer (such coverage and benefits to be determined on a coverage-by-coverage, or benefit-by-benefit, basis); provided that (1) if Executive is precluded from continuing his/her participation in any employee benefit plan or program, Executive
shall receive cash payments equal on an after-tax basis to the cost to him/her of obtaining the benefits provided under the plan or program in which he is unable to participate for the period specified in this clause (vii) of this Section 3, (2)
such cost shall be deemed to be the lowest reasonable cost that would be incurred by the Executive in obtaining such benefit himself/herself on an individual basis, but not to exceed the amount charged to other “qualified beneficiaries”
(as defined in COBRA) for COBRA continuation coverage, or in the case of a benefit that is not subject to COBRA, the Company’s cost of providing such benefit to active employees, and (3) payment of such amounts shall be made quarterly in
advance; and 
  
 (vii) other or additional
benefits then due or earned in accordance with applicable plans and programs of the Company. 
  
 (b) Other Termination. In the event that Executive’s employment terminates for any reason other than as specified in Section
3(a) above, Executive shall only be entitled to receive his/her Base Salary through the Termination Date and shall forfeit all unvested equity awards. 
  
 (c) No Mitigation; No Offset. Executive shall be under no obligation to seek employment or earn income to offset amounts due
Executive under this Agreement, nor shall any such amounts offset any amounts owed Executive by the Company pursuant to this Agreement. 
  
 (d) Exclusivity of Severance Payments. Upon termination of Executive’s employment during the Term, he/she shall not be
entitled to any severance payments or severance benefits from the Company or any payments by the Company on account of any claim by him/her of 

  

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wrongful termination, including claims under any federal, state or local human and civil rights or labor laws, other than the payments and benefits provided
in this Section 3. 
  
 (e) Release of
Employment Claims. Executive agrees, as a condition to receipt of the termination payments and benefits provided for in this Section 3, that he/she will execute a release agreement, in a form reasonably satisfactory to the Company, releasing any
and all claims arising out of Executive’s employment (other than enforcement of this Agreement, Executive’s rights under any of the Company’s incentive compensation and employee benefit plans and programs to which he/she is entitled
under this Agreement, and any claim for any tort for personal injury not arising out of or related to his/her termination of employment). 
  
 4. Confidentiality; Cooperation with Regard to Litigation; Non-disparagement. 
  
 (a) During the Term and thereafter, the Executive shall not, without the prior written consent of the
Company, disclose to anyone (except in good faith in the ordinary course of business to a person who will be advised by the Executive to keep such information confidential) or make use of any Confidential Information except in the performance of
his/her duties hereunder or when required to do so by legal process, by any governmental agency having supervisory authority over the Company’s business or by any administrative or legislative body (including a committee thereof) that requires
him/her to divulge, disclose or make accessible such information. In the event that the Executive is so ordered, he/she shall give prompt written notice to the Company to allow the Company the opportunity to object to or otherwise resist such order.

  
 (b) During the Term and thereafter, Executive
shall not disclose the existence or contents of this Agreement beyond what is disclosed in the proxy statement or documents filed with the government unless and to the extent such disclosure is required by law, by a governmental agency, or in a
document required by law to be filed with a governmental agency or in connection with enforcement of his/her rights under this Agreement. In the event that disclosure is so required, Executive shall give prompt written notice to the Company to allow
the Company the opportunity to object to or resist such requirement. This restriction shall not apply to such disclosure by Executive to members of his/her immediate family, tax, legal or financial advisors, any lender, or tax authorities, or to
potential future employers to the extent necessary, each of whom shall be advised not to disclose such information. 
  
 For purposes of this Agreement, “Confidential Information” shall mean all information concerning the business of
the Company relating to any of their products, product development, trade secrets, customers, suppliers, finances, and business plans and strategies. Excluded from the definition of Confidential Information is information (A) that is or becomes part
of the public domain, other than through the breach of this Agreement by Executive or (B) regarding the Company’s business or industry properly acquired by Executive in the course of his/her career as an executive in the Company’s industry
and independent of Executive’s employment by the Company. For this purpose, information known or available generally within the trade or industry of the Company shall be deemed to be known or available to the public. 
  

 - 6 - 

 (c) Executive agrees to cooperate with the Company, during the Term and thereafter
(including following Executive’s termination of employment for any reason), by making himself/herself reasonably available to testify on the Company’s behalf in any action, suit, or proceeding, whether civil, criminal, administrative, or
investigative, and to assist the Company in any such action, suit, or proceeding, by providing information and meeting and consulting with the Board or its representatives or counsel, or representatives or counsel to the Company, as requested;
provided, however, that the same does not materially interfere with his/her then current professional activities. The Company agrees to reimburse Executive, on an after-tax basis, for all expenses actually incurred in connection with his/her
provision of testimony or assistance. 
  
 (d)
Executive agrees that, during the Term and thereafter (including following Executive’s termination of employment for any reason) he/she will not make statements or representations, or otherwise communicate, directly or indirectly, in writing,
orally, or otherwise, or take any action which may, directly or indirectly, disparage or be damaging to the Company or their respective officers, directors, employees, advisors, businesses or reputations. Notwithstanding the foregoing, nothing in
this Agreement shall preclude Executive from making truthful statements or disclosures that are required by applicable law, regulation, or legal process. 
  
 5. Non-competition/Non-solicitation. 
  
 (a) Non-competition. During the period beginning with the Effective Date and ending 24 months following the termination of
Executive’s employment, Executive shall not engage in Competition with the Company. “Competition” shall mean engaging in any activity, except as provided below, for a Competitor of the Company, whether as an employee,
consultant, principal, agent, officer, director, partner, shareholder (except as a less than one percent shareholder of a publicly traded company) or otherwise. A “Competitor” shall mean any corporation or other entity which
competes, directly or indirectly, with the business conducted by the Company, as determined on the date of termination of Executive’s employment. If Executive commences employment or becomes a consultant, principal, agent, officer, director,
partner, or shareholder of any entity that is not a Competitor at the time Executive initially becomes employed or becomes a consultant, principal, agent, officer, director, partner, or shareholder of the entity, future activities of such entity
shall not result in a violation of this provision unless (x) such activities were contemplated by Executive at the time Executive initially became employed or becomes a consultant, principal, agent, officer, director, partner, or shareholder of the
entity or (y) Executive commences directly or indirectly overseeing or managing the activities of an entity which becomes a Competitor and which activities are competitive with the activities of the Company. 
  
 (b) Non-solicitation. During the period beginning
with the Effective Date and ending 24 months following the termination of Executive’s employment, Executive shall not induce employees of the Company to terminate their employment, nor shall Executive solicit or encourage any of the
Company’s non-retail customers or joint venture partners or investors to terminate or diminish their relationship with the Company or to violate any agreement with the Company. During such period, Executive shall not hire, either directly or
through any employee, agent or representative, any employee of the Company or any person who was employed by the Company within 180 days of the Termination Date. 
  

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 (c) The restrictions set forth under Section 5(a) above shall not apply if
Executive’s employment is terminated pursuant to Section 3(a) of this Agreement. 
  
 6. Remedies. In addition to whatever other rights and remedies the Company may have at equity or in law, if Executive breaches any of the provisions contained in Sections 4 or 5 above, the Company (a) shall
have the right to immediately terminate all payments and benefits due under this Agreement and (b) shall have the right to seek injunctive relief. Executive acknowledges that such a breach would cause irreparable injury and that money damages would
not provide an adequate remedy for the Company; provided, however, the foregoing shall not prevent Executive from contesting the issuance of any such injunction on the grounds that no violation or threatened violation of Sections 4 or
5 has occurred. 
  
 7. Resolution of Disputes. Any
controversy or claim arising out of or relating to this Agreement or any breach or asserted breach hereof or questioning the validity and binding effect hereof arising under or in connection with this Agreement, other than seeking injunctive relief
under Section 6, shall be resolved by binding arbitration, to be held at an office closest to the Company’s principal offices in accordance with the rules and procedures of the American Arbitration Association. Judgment upon the award rendered
by the arbitrator(s) may be entered in any court having jurisdiction thereof. Pending the resolution of any arbitration or court proceeding, the Company shall continue payment of all amounts and benefits due Executive under this Agreement. All
reasonable costs and expenses of any arbitration or court proceeding (including fees and disbursements of counsel) shall be paid on behalf of or reimbursed to Executive promptly by the Company; provided, however, that no reimbursement shall be made
of such expenses if and to the extent the arbitrator(s) determine(s) that any of Executive’s litigation assertions or defenses were in bad faith or frivolous. 
  
 8. Effect of Agreement on Other Benefits. Except as specifically provided herein, this Agreement shall not preclude,
prohibit or restrict Executive’s participation in any other employee benefit or other plans or programs in which he/she currently participates. 
  
 9. Not an Employment Agreement. This Agreement is not, and nothing herein shall be deemed to create, a contract of employment between the Company
and Executive, who remains terminable at all times as an employee at-will. 
  
 10. Assignability; Binding Nature. This Agreement shall be binding upon and inure to the benefit of the Parties and their respective successors, heirs (in the case of Executive) and permitted assigns. No rights
or obligations of the Company under this Agreement may be assigned or transferred except in connection with the sale or transfer of all or substantially all of the Company’s assets, provided that the assignee or transferee is the successor to
all or substantially all of the Company’s assets and assumes the Company’s liabilities, obligations and duties hereunder, either contractually or as a matter of law. The Company further agrees that, in the event of a sale or transfer of
assets as described in the preceding sentence, it shall take whatever actions possible to cause such assignee or transferee to expressly assume the liabilities, obligations and duties of the Company hereunder. No rights or obligations of Executive
under this Agreement may be assigned or transferred by Executive other than his/her rights to compensation and benefits, which may be transferred only by will or operation of law, except as provided in Section 17 below. 
  

 - 8 - 

 11. Representation. The Company represents and warrants that it is fully authorized and empowered
to enter into this Agreement and that the performance of its obligations under this Agreement will not violate any agreement between it and any other person, firm or organization. 
  
 12. Entire Agreement. This Agreement contains the entire understanding and agreement between the Parties concerning
the subject matter hereof and supersedes all prior agreements, understandings, discussions, negotiations and undertakings, whether written or oral, between the Parties with respect thereto. 
  
 13. Amendment or Waiver. No provision in this Agreement may be amended
unless such amendment is agreed to in writing and signed by Executive and an authorized officer of the Company. No waiver by either Party of any breach by the other Party of any condition or provision contained in this Agreement to be performed by
such other Party shall be deemed a waiver of a similar or dissimilar condition or provision at the same or any prior or subsequent time. Any waiver must be in writing and signed by Executive or an authorized officer of the Company, as the case may
be. 
  
 14. Severability. In the event that any provision
or portion of this Agreement shall be determined to be invalid or unenforceable for any reason, in whole or in part, the remaining provisions of this Agreement shall be unaffected thereby and shall remain in full force and effect to the fullest
extent permitted by law. 
  
 15. Legal Fee Reimbursement.
In the event that Executive incurs any attorneys’ fees in protecting or enforcing his rights under this Agreement or under any employee benefit plans or programs sponsored by the Company in which Executive is a participant, the Company shall
reimburse Executive for such reasonable attorney fees and for any other reasonable expenses related thereto. Such reimbursement shall be made within thirty (30) days following final resolution of the dispute or occurrence giving rise to such fees
and expenses provided, however, that no reimbursement shall be made of such expenses to the extent that any of Executive’s litigation assertions or defenses were found to be in bad faith or frivolous. 
  
 16. Section 280G Cut-Back. 
  
 (a) Notwithstanding anything contained in this Agreement to
the contrary, to the extent that the payments and benefits provided under this Agreement and benefits provided to, or for the benefit of, Executive under any other Company plan or agreement (cash payments or benefits are collectedly referred to as
the “Payments”) would be subject to the excise tax (the “Excise Tax”) imposed under Section 4999 of the Code the Payments shall be reduced (but not below zero) if and to the extent necessary so that no
Payment to be made or benefit to be provided to Executive shall be subject to the Excise Tax (such reduced amount is hereinafter referred to as the “Limited Payment Amount”). Unless Executive shall have given prior written
notice specifying a different order to the Company, to effectuate the foregoing, the Company shall reduce or eliminate the Payments, by first reducing or eliminating the portion of the Payments 

  

 - 9 - 

 
payable in cash and then by reducing or eliminating non-cash payments. Any notice given by Executive pursuant to the preceding sentence shall take precedence
over the provisions of any other plan, arrangement or agreement governing the Executive’s right and entitlements to any benefits or compensation. 
  
 (b) The determination of whether the Payments shall be reduced to the Limited Payment Amount pursuant to this Agreement and the amount of
such Limited Payment Amount shall be made, at the Company’s expense, by an accounting firm selected by Executive which is one of the four largest accounting firms in the United States (the “Accounting Firm”). The
Accounting Firm shall provide its determination (the “Determination”), together with detailed supporting calculations and documentation to the Company and Executive within ten (10) days of the Termination Date, if applicable,
or such other time as requested by the Company or by Executive (provided Executive reasonably believes that any of the Payments may be subject to the Excise Tax) and if the Accounting Firm determines that no Excise Tax is payable by Executive with
respect to the Payments, it shall furnish Executive with an opinion reasonably acceptable to Executive that no Excise Tax will be imposed with respect to any such Payments. The Determination shall be binding, final and conclusive upon the Company
and Executive. 
  
 17. Survivorship. The respective rights
and obligations of the Parties hereunder shall survive any termination of Executive’s employment to the extent necessary to the intended preservation of such rights and obligations. 
  
 18. Beneficiaries/References. Executive shall be entitled, to the extent permitted under any applicable law, to
select and change a beneficiary or beneficiaries to receive any compensation or benefit payable hereunder following Executive’s death by giving the Company written notice thereof. In the event of Executive’s death or a judicial
determination of his/her incompetence, references in this Agreement to Executive shall be deemed, where appropriate, to refer to his/her beneficiary, estate or other legal representative. 
  
 19. Governing Law/Jurisdiction. This Agreement shall be governed by and construed and interpreted in accordance with
the laws of Virginia without reference to principles of conflict of laws, and, subject to Sections 6 and 7, the Company and Executive hereby consent to the jurisdiction of any or all of the following courts for purposes of resolving any dispute
under this Agreement: (i) the United States District Court for Virginia, or (ii) any of the courts of the State of Virginia. 
  

 - 10 - 

 20. Notices. Any notice given to a Party shall be in writing and shall be deemed to have been
given when delivered personally or sent by certified or registered mail, postage prepaid, return receipt requested, duly addressed to the Party concerned at the address indicated below or to such changed address as such Party may subsequently give
such notice of: 
  

			
	If to the Company:	  	DIMON Incorporated
	 	  	512 Bridge Street
	 	  	P.O. Box 681
	 	  	Danville, Virginia 24543-0681
	 	  	Attention: Secretary
		
	If to Executive:	  	[Name]
	 	  	c/o DIMON Incorporated
	 	  	512 Bridge Street
	 	  	P.O. Box 681
	 	  	Danville, Virginia 24543-0681

  
 21. Headings.
The headings of the sections contained in this Agreement are for convenience only and shall not be deemed to control or affect the meaning or construction of any provision of this Agreement. 
  
 22. Counterparts. This Agreement may be executed in two or more
counterparts. 
  
 IN WITNESS WHEREOF, the undersigned have executed this Agreement
as of the date first written above. 
  

									
	 	 	 	 	 EXECUTIVE

				
	 	 	 	 	 	 	 
	 WITNESS
	 	 	 	 [Name] , Executive

			
	 	 	 	 	 
			
	 	 	 	 	 DIMON INCORPORATED

					
	 	 	 	 	 	 	 By:
	 	 
	 Attest:
	 	 	 	 Its:
	 	 Chairman and Chief Executive Officer

				
	 	 	 	 	 	 	 
	 Secretary
	 	 	 	 	 	 

  

 - 11 -

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