Document:

Ex_1032

		

			Exhibit 10.32

		

		
			AMENDMENT TWO
		

		
			TO THE
		

		
			OFFICERS’ DEATH BENEFIT PLAN OF NEWMONT 
		

		
			WHEREAS, the Officers’ Death Benefit Plan of Newmont (the “Plan”) was amended and restated by Newmont USA Limited (the “Plan Sponsor”) effective January 1, 2013; and
		

		
			WHEREAS, the Plan Sponsor closed post-employment benefits to Salaried Employees who do not meet the eligibility requirements for the Plan as of January 1, 2017; and
		

		
			WHEREAS, the Plan Sponsor wishes to freeze future benefits for any active employee on and after December 31, 2017; and
		

		
			WHEREAS, Article X of the Plan authorizes the Plan Sponsor to amend the Plan from time to time.
		

		
			NOW, THEREFORE, the Plan is hereby amended effective December 31, 2017 as follows:
		

			
	
			
				 1.
			Article II, “Eligibility,” is amended by restating Section 2.01(a) as follows:

		
			Section 2.01.  Eligible Classes of Employees and Retirees.  The death benefits provided under this Plan will be paid pursuant to Article III if the Salaried Employee or Retiree satisfies the following requirements of this Section.
		

		
			(a)Current Salaried Employees.    
		

		
			(i)Effective December 31, 2017, current Salaried Employees are ineligible for pre-retirement death benefits.  Current salaried employees are eligible for post-retirement death benefits only if they meet all the requirements under Section 2.01(b) as of December 31, 2017.
		

		
			(ii)Effective prior to December 31, 2017, a current Salaried Employee of the Employer at such time is eligible for the Plan if:
		

		
			(A)the Salaried Employee is a corporate officer of Newmont Mining Corporation and is classified as an executive grade; or
		

		
			(B)the Salaried Employee is designated by the Vice President of Human Resources of Newmont Mining or his delegate as eligible for the Plan.
		

		
			Notwithstanding any provision of this Plan to the contrary, a Salaried Employee who becomes eligible for the Plan on or after January 1, 2017 but before December 31, 2017, shall cease to be covered under the Plan upon his or her retirement or termination of employment with the Employer and the Salaried Employee will no longer be eligible for benefits with the Plan.
		

		
			

		 

		

			Officers’ Death Benefit Plan of Newmont

		

		

			Amendment Two Effective December 31, 2017

		

		

			Page 1 of 2

		

		

			 

		

 

		

			
	
			
				 2.
			The Administration Committee or its delegate is hereby authorized to take all action necessary to implement this Amendment.

		
			The foregoing was adopted this 1st day of December, 2017.
		

		
			NEWMONT USA LIMITED
		

		
			By /s/ Stephen P. Gottesfeld
		

		
			Name Stephen P. Gottesfeld
		

		
			Title Vice President
		

		 

		

			Officers’ Death Benefit Plan of Newmont

		

		

			Amendment Two Effective December 31, 2017

		

		

			Page 2 of 2Ex_1035

		

			Exhibit 10.35

		

		
			AMENDMENT THREE
		

		
			TO THE
		

		
			EXECUTIVE CHANGE OF CONTROL PLAN OF NEWMONT
		

		
			WHEREAS, the Executive Change of Control Plan of Newmont (the “Plan”) was amended and restated by Newmont USA Limited (the “Plan Sponsor”) effective December 31, 2008; and
		

		
			WHEREAS, the Plan Sponsor wishes to amend the Plan to permit Plan participants to waive any additional payment that may be provided for pursuant to Section 3.04 of the Plan for good and valuable consideration agreed upon between the Plan participant and the Employer; and
		

		
			WHEREAS, Article X of the Plan authorizes the Plan Sponsor to amend the Plan from time to time.
		

		
			NOW, THEREFORE, the Plan is hereby amended effective December 31, 2017 as follows:
		

			
	
			
				 1.
			Section 3.04, first paragraph, is restated as follows:

		
			Section 3.04.  Certain Additional Payments by the Employer.  The additional payment provisions of this Section shall apply except as may be prohibited by law as determined by the Board of its delegate or as may be otherwise agreed upon by the Participant and Employer pursuant to paragraph (e) below.
		

			
	
			
				 2.
			Section 3.04 is further amended by adding the following paragraph (e) thereto:

		
			(e)The provisions of this Section 3.04 shall not apply to a Salaried Employee who may otherwise be eligible for a Gross-Up Payment, as defined herein, if the Salaried Employee enters into an agreement with the Employer waiving such payment for good and valuable consideration.  In the event such agreement is entered into by the Salaried Employee and the Employer, and a Payment is subject to the Excise Tax, the following shall apply:
		

		
			(i)the payment or distribution to the Salaried Employee shall be calculated by reducing the payment or distribution to the amount at which the Excise Tax shall not apply; and
		

		
			(ii)the value of the payment or distribution determined under paragraph (i) shall be compared to the value of the payment or distribution without any reduction taking into consideration the Salaried Employee’s liability for the Excise Tax; and
		

		
			(iii)the Salaried Employee will receive the benefit described in (i) or (ii), whichever is greater.
		

		
			

		 

		

			Executive Change of Control Plan of Newmont

		

		

			Amendment Three Effective December 31, 2017

		

		

			Page 1 of 2

		

		

			2641901

		

 

		

		
			(b)The reduction of the amounts payable here under, if applicable, shall be made by first reducing the cash lump sum payments under Section 3.02(a), then by reducing the duration of the outplacement services provided under Section 3.02(c), and finally by reducing the duration of the benefits provided under Section 3.02(b).  For purposes of reducing the payments, only amounts payable under the Plan (and no other Payment) shall be reduced.
		

		
			(c)All determinations required to be made under this Section, including whether and when a reduction is required and the amount of such reduction and the assumptions (which shall be reasonable and based on all available information) to be utilized in arriving at such determination, shall be made by a nationally recognized accounting firm selected by the pre-Change of Control Board or its delegate (the “Accounting Firm”) which shall provide detailed supporting calculations both to the Employer and the Salaried Employee within a reasonable time after receipt of notice from the Salaried Employee that there has been a payment, or such earlier time as is requested by the Employer.  In the event that the Accounting Firm is serving as accountant or auditor for the individual, entity or group effecting the Change of Control, the Salaried Employee shall appoint another nationally recognized accounting firm to make the determinations required hereunder (which accounting firm shall then be referred to as the Accounting Firm hereunder).  All fees and expenses of the Accounting Firm shall be borne solely by the Employer.  Any determination by the Accounting Firm shall be binding upon the Employer and the Salaried Employee.
		

			
	
			
				 3.
			The Administration Committee or its delegate is hereby authorized to take any action necessary or advisable to implement this Amendment.

		
			The foregoing was adopted this 1st day of December, 2017.
		

		
			NEWMONT USA LIMITED
		

		
			By /s/ Stephen P. Gottesfeld
		

		
			Name Stephen P. Gottesfeld
		

		
			Title Vice President
		

		 

		

			Executive Change of Control Plan of Newmont

		

		

			Amendment Three Effective December 31, 2017

		

		

			Page 2 of 2Ex_1036

		

			Exhibit 10.36

		

		
			WAIVER AND RELEASE AGREEMENT
		

		
			This Agreement (“Agreement”) effective December 31, 2017 is made between Newmont USA Limited (the “Company”) and                                   (“Executive”).
		

		
			WHEREAS, the Company sponsors the Executive Change of Control Plan effective December 31, 2008 and amended from time to time (the “Plan”);
		

		
			WHEREAS, Section 3.04 of the Plan provides for an additional payment to an eligible participant in the event the eligible participant becomes subject to the “Excise Tax” as defined in the Plan (“Additional Payment”);
		

		
			WHEREAS, Executive is an eligible participant in the Plan who may become subject to the Excise Tax in the event of a “Change of Control,” as defined in the Plan, and satisfaction of the benefit payment requirements of the Plan;
		

		
			WHEREAS, the Plan has been amended effective December 31, 2017 to permit the Executive to waive the Additional Payment in the event he or she is subject to the Excise Tax;
		

		
			WHEREAS, the Executive and the Company wish to agree to the Executive’s wavier of the Additional Payment in exchange for an award of Restricted Stock Units (“RSUs”) to the Executive.
		

		
			NOW, THEREFORE, for mutual consideration, the sufficiency of which is hereby acknowledged, the Executive and Company agrees as follows:
		

			
	
			
				 1.
			In accordance with the provisions of Section 3.04 of the Plan, as amended, the Executive hereby waives his or her right to any Additional Payment that may become payable to him or her under the Plan in the event of the imposition of an “Excise Tax,” as defined therein;

			
	
			
				 2.
			The Company hereby promises to offer Executive in the first quarter of 2018 long term incentive awards with a retirement provision defining retirement as (a) at least age 55 and (b) at least 5 years continuous employment with Newmont Mining Corporation or a subsidiary, and, (c) a total of at least 65 when adding age plus years of employment.  Additionally, the restricted stock unit award offered in 2018 as part of the long term incentive awards, shall include continued vesting into retirement (per the definition of retirement stated in this paragraph) after the first year of the three year vest period has lapsed.  Such long term incentive awards shall be offered in the normal and ordinary course of the administration of the Newmont Mining Corporation 2013 Stock Incentive Plan in the first quarter of 2018;

			
	
			
				 3.
			The Executive hereby releases, relieves and discharges the Plan, Plan fiduciaries, and the Company and its related organizations, with respect to the Additional Payment the Executive would otherwise receive;

			
	
			
				 4.
			This Agreement shall be binding upon the Executive, the Executive’s legal representatives, heirs, legatees, and distributees, and upon the Company, its successors, and assigns;

		
			

		 

		

			2642805 v.2

		

 

		

			
	
			
				 5.
			If any provision of this Agreement is held to be illegal or invalid for any reason, the illegality or invalidity shall not affect the remaining provisions hereof, but such provision shall be fully severable and this Agreement shall be construed and enforced as if the illegal or invalid provision had never been included herein.

			
	
			
				 6.
			This Agreement may be executed in counterparts, each of which shall be deemed an original but all of which together will constitute one and the same instrument. Counterpart signature pages to this Agreement transmitted by facsimile transmission, by electronic mail in portable document format (.pdf), or by any other electronic means intended to preserve the original graphic and pictorial appearance of a document, will have the same effect as physical delivery of the paper document bearing an original signature.

		
			IN WITNESS WHEREOF, the parties hereto have executed this Agreement on this ____ day of ______________, 2017.
		

		
			 
		

			
					
						NEWMONT USA LIMITED

					
					
						EXECUTIVE

				
	
					
						 

					
						 

					
						

					
						By:

					
						Title:

					
					
						 

					
						 

					
						

					
						 

					
						Name:

				

		
			 
		

		
			 
		

		
			 
		

		
			

		 

		

			2

		

 

Schedule of Executives
		

		
			 
		

		
			The following Executives each executed a copy of the Waiver and Release Agreement as set forth above on the dates indicated: 
		

		
			 
		

		
			Gary J. Goldberg, executed December 13, 2017
		

		
			Randy Engel, executed December 27, 2017
		

		
			Stephen P. Gottesfeld, executed December 15, 2017
		

		
			William N. MacGowan, executed December 18, 2017
		

		 

		

			3

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