Document:

Exhibit 10.3

EXHIBIT 10.3

OCI RESOURCE PARTNERS LLC
2013 LONG-TERM INCENTIVE PLAN 
DIRECTOR UNIT AGREEMENT 
Pursuant to this Director Unit Agreement, dated effective as of [    ] (this “Agreement”), OCI Resource Partners LLC (the “Company”), as the general partner of OCI Resources LP (the “Partnership”), hereby grants to [           ] (the “Participant”) the following Award of Common Units  pursuant and subject to the terms and conditions of this Agreement and the OCI Resource Partners LLC 2013 Long-Term Incentive Plan (the “Plan”), the terms and conditions of which are hereby incorporated into this Agreement by reference. In the event of any conflict between the terms of this Agreement and the Plan, the terms of the Plan shall control. Except as otherwise expressly provided herein, all capitalized terms used in this Agreement, but not defined, shall have the meanings provided in the Plan. 
GRANT NOTICE 
Subject to the terms and conditions of this Agreement, the principal features of this Award are as follows: 
Number of Common Units: [      ] Common Units 
Grant Date: [            ] 
Vesting of Common Units: All Common Units subject to the Award are fully vested as of the Grant Date. 
TERMS AND CONDITIONS OF COMMON UNITS 
1. Grant. The Company hereby grants to the Participant, as of the Grant Date, an award of Common Units as set forth in the Grant Notice, subject to all of the terms and conditions contained in this Agreement and the Plan. 
2. Tax Withholding. The Participant shall be solely responsible for all applicable income, self-employment and other taxes and other wage deductions incurred in connection with the grant, holding or disposition of the Common Units subject to this Agreement or any distributions with respect thereto.  If the grant of Common Units results in the receipt of compensation by the Participant with respect to which the General Partner, Parent (as defined in the Plan) or Subsidiary (as defined in the Plan) has a tax withholding obligation pursuant to applicable law, then the Participant shall be required to pay to such entity, and such entity shall have the authority and right to deduct or withhold (i.e., “net”), from that number of Common Units otherwise deliverable to the Participant such number of Common Units as such entity requires to satisfy all tax withholding obligations required by applicable law to be withheld; provided, however, that the Administrator in its sole discretion may permit the Participant to deliver cash to such entity in satisfaction of such tax withholding obligations, if permitted under applicable law. No issuance of a Common Unit shall be made pursuant to this Agreement until the applicable tax withholding requirements of the General Partner, Parent or Subsidiary with respect to such event have been satisfied in full.   
3. Distribution of Common Units. Unless otherwise determined by the Administrator or required by any applicable law, rule or regulation, neither the Company nor the Partnership shall deliver to the Participant certificates evidencing Common Units issued pursuant to this Agreement and instead such Common Units shall be recorded in the books of the Partnership (or, as applicable, its transfer agent or equity plan administrator). All certificates for Common Units issued pursuant to this Agreement and all Common Units issued pursuant to book entry procedures hereunder shall be subject to such stop transfer orders and other restrictions as the Company may deem advisable under the Plan or the rules, regulations, and other requirements of the Securities Exchange Commission, any stock exchange upon which such Common Units are then listed, and any applicable federal or state laws, and the Company may cause a legend or legends to be inscribed on any such certificates or book entry to make appropriate reference to such restrictions. In addition to the terms and conditions provided herein, the Company may require that the Participant make such covenants, agreements, and representations as the Company, in its sole discretion, deems advisable in order to comply with any such laws, regulations, or requirements. 
4. Partnership Agreement. The Common Units granted hereunder shall be subject to the terms of the Plan and the First Amended and Restated Agreement of Limited Partnership of OCI Resources LP dated September 18, 2013, as 

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EXHIBIT 10.3

amended from time to time (the “Partnership Agreement”). Upon the issuance of Common Units to the Participant, the Participant shall, automatically and without further action on his or her part, (i) be admitted to the Partnership as a Limited Partner (as defined in the Partnership Agreement) with respect to the Common Units, and (ii) become bound, and be deemed to have agreed to be bound, by the terms of the Partnership Agreement. 
5. No Effect on Service. Nothing in this Agreement or in the Plan shall be construed as giving the Participant the right to be retained in the employ or service of the Company or any Affiliate thereof. Furthermore, the Company and its Affiliates may at any time dismiss the Participant from his services free from any liability or any claim under the Plan or this Agreement, unless otherwise expressly provided in the Plan, this Agreement or any other written agreement between the Participant and the Company or an Affiliate thereof. 
6. Severability. If any provision of this Agreement is or becomes or is deemed to be invalid, illegal, or unenforceable in any jurisdiction, such provision shall be construed or deemed amended to conform to the applicable law or, if it cannot be construed or deemed amended without, in the determination of the Administrator, materially altering the intent of this Agreement, such provision shall be stricken as to such jurisdiction, and the remainder of this Agreement shall remain in full force and effect. 
7. Tax Consultation. None of the Board, the Administrator, the Company nor the Partnership or any officer, employee, director or service provider of any of the foregoing has made any warranty or representation, and shall have no liability, to the Participant with respect to the income or other tax consequences of the issuance, holding or disposition of the Common Units, distributions with respect to such Common Units or the transactions contemplated by this Agreement or by the Plan, and the Participant represents that he or she is in no manner relying on such entities or individuals or their representatives for tax advice or an assessment of such tax consequences. The Participant understands that the Participant may suffer adverse tax consequences in connection with the Common Units granted pursuant to this Agreement. The Participant represents that the Participant has consulted with any tax consultants that the Participant deems advisable in connection with the Common Units and further represents that the Participant has not received tax advice from the Board, the Administrator, the Company, the Partnership or any officer, employee, director or service provider of any of the foregoing in connection with the Common Units. 
8. Lock-Up Agreement. The Participant shall agree, if so requested by the Company or the Partnership and any underwriter in connection with any public offering of securities of the Partnership or any Affiliate (as defined in the Plan) thereof, not to directly or indirectly offer, sell, contract to sell, sell any option or contract to purchase, purchase any option or contract to sell, grant any option, right or warrant for the sale of or otherwise dispose of or transfer any Common Units held by him or her for such period, not to exceed one hundred eighty (180) days following the effective date of the relevant registration statement filed under the Securities Act of 1933, as amended (the “Securities Act”), in connection with such public offering, as such underwriter shall specify reasonably and in good faith. The Company or the Partnership may impose stop-transfer instructions with respect to securities subject to the foregoing restrictions until the end of such 180-day period. Notwithstanding the foregoing, the 180-day period may be extended in the discretion of the Company for up to such number of additional days as is deemed necessary by such underwriter or the Company or Partnership to continue coverage by research analysts in accordance with FINRA Rule 2711 or any successor or other applicable rule. 
 
9. Insider Trading Policy. The terms of the Company’s Insider Trading Policy (the “Policy”) with respect to the Common Units are incorporated herein by reference.  The timing of the delivery of the Common Units pursuant to this Agreement shall be subject to and comply with the Policy.

10. Conformity to Securities Laws. The Participant acknowledges that the Plan and this Agreement are intended to conform to the extent necessary with all provisions of the Securities Act and the Securities Exchange Act of 1934, as amended, any and all regulations and rules promulgated by the Securities and Exchange Commission thereunder, and all applicable state securities laws and regulations. Notwithstanding anything herein to the contrary, the Plan shall be administered, and the Common Units are granted, only in such a manner as to conform to such laws, rules and regulations. To the extent permitted by applicable law, the Plan and this Agreement shall be deemed amended to the extent necessary to conform to such laws, rules and regulations. 

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EXHIBIT 10.3

11. Adjustments. The Participant acknowledges that the Common Units are subject to modification, amendment, alteration, suspension, discontinuation and termination in certain events as provided in this Agreement and Section 9 of the Plan.
12. Successors and Assigns. The Company or the Partnership may assign any of its rights under this Agreement to single or multiple assignees, and this Agreement shall inure to the benefit of the successors and assigns of the Company and the Partnership. Subject to the restrictions on transfer contained herein, this Agreement shall be binding upon the Participant and his or her heirs, executors, administrators, successors and assigns. 
13. Governing Law. The validity, construction, and effect of this Agreement and any rules and regulations relating to this Agreement shall be determined in accordance with the laws of the State of Delaware without regard to its conflicts of laws principles. 
14. Headings. Headings are given to the sections and subsections of this Agreement solely as a convenience to facilitate reference. Such headings shall not be deemed in any way material or relevant to the construction or interpretation of this Agreement or any provision hereof. 
[Signature page follows] 
 

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The Participant’s signature below indicates the Participant’s agreement with and understanding that this Award is subject to all of the terms and conditions contained in the Plan and in this Agreement, and that, in the event that there are any inconsistencies between the terms of the Plan and the terms of this Agreement, the terms of the Plan shall control. The Participant further acknowledges that the Participant has read and understands the Plan and this Agreement, which contains the specific terms and conditions of this grant of Common Units. The Participant hereby agrees to accept as binding, conclusive and final all decisions or interpretations of the Administrator upon any questions arising under the Plan or this Agreement. 
 
	
			
	 
	 
	 

	OCI RESOURCE PARTNERS LLC
a Delaware limited liability company

	 
	 

	By:
	 
	  

	Name:
	 
	 

	Title:
	 
	 

	

	OCI RESOURCES LP
a Delaware limited partnership

	 
	 

	By:
	 
	OCI Resource Partners LLC

	Its:
	 
	General Partner

	 
	 

	By:
	 
	  

	Name:
	 
	 

	Title:
	 
	 

	 

	

“PARTICIPANT”

	 
	 

	  
	 
	  

	[                    ]Exhibit 10.1

 

 

DCB FINANCIAL CORP

2014 RESTRICTED STOCK PLAN

RESTRICTED STOCK AWARD NOTICE

 

 

	 	 	 
	Name of Award Recipient	 	Employee Number

 

	 
	Street Address

 

	 	 	 	 	 
	City	 	State	 	Zip

 

This Restricted Stock Award Notice sets forth the terms and
conditions on which an Award has been granted under the DCB Financial Corp 2014 Restricted Stock Plan. Set forth below are the
specific terms and conditions applicable to this Award. Attached as Exhibit A are its general terms and conditions.

 

	Restricted Stock Award	 
	Effective Date	 
	Class of Shares*	 
	No. of Awarded Shares*	 
	Vesting Date(s)*	 

 

*Subject to adjustment as provided in the Plan and the General
Terms and Conditions.

 

By signing where indicated below, DCB Financial Corp (the “Company”)
grants this Award upon the specified terms and conditions, and the Award recipient acknowledges receipt of this Restricted Stock
Award Notice, including Exhibit A, and agrees to observe and be bound by the terms and conditions set forth herein.

 

	 	 	 
	DCB FINANCIAL CORP	 	AWARD RECIPIENT

Name:

Title:

	 

Instructions: This page should be completed by or on
behalf of the Compensation Committee. Any blank space intentionally left blank should be crossed out. An Award consists of shares
granted with uniform terms and conditions. Where shares granted under an Award are awarded on the same date with varying terms
and conditions (for example, varying vesting dates), the awards should be recorded as a series of grants each with its own uniform
terms and conditions.

 

    	 

    	 

    

 

DCB FINANCIAL CORP

2014 RESTRICTED STOCK PLAN

RESTRICTED STOCK AWARD

 

General Terms and Conditions

 

Section 1. Size and Type of Award.
The common shares, no par value, of DCB Financial Corp (“Shares”) covered by this Award (“Awarded Shares”)
are listed on this Restricted Stock Award Notice. The Awarded Shares will be held by the transfer agent for Shares of the Company
or by such other entity designated by the Committee in a restricted account on your behalf until such time as the Awarded Shares
vest pursuant to this Award Notice. You will be subject to income tax on the Awarded Shares as and when they become vested.

 

Section 2. Vesting.

 

A. Vesting Dates.
The Vesting Dates for your Awarded Shares are specified on this Award Notice. On each Vesting Date, you will obtain unrestricted
ownership of the Awarded Shares that vest on that Vesting Date.

 

B. Forfeiture and Clawback.
If you terminate service with the Company prior to a Vesting Date, you will forfeit any Awarded Shares that are scheduled to vest
on that date. When you forfeit Awarded Shares, all of your interest in the Awarded Shares will be canceled and any evidence of
ownership that was provided for you will be returned to the Compensation Committee, the Company or any agent thereof, as applicable,
to be used for future awards to others. You agree to take any action and execute and deliver any document that the Company requests
to effect the return of your unvested Awarded Shares. In the event you do not cooperate with the Company in this regard, you hereby
appoint and designate the Company as your attorney-in-fact for the purpose of taking any action and signing any document, in your
name, which the Company determines is necessary to enforce the forfeiture.

 

Any Awarded Shares vested to you in the prior twenty-four
(24) months by the Company shall be subject to repayment within thirty (30) days upon the request of the Company in the event that
the amount or value of such Award Shares is shown to be directly attributable to materially misleading financial statements; provided,
however, that in order for this clawback to be applicable you must have prepared such materially misleading financial statements
or contributed materially misleading data which was then incorporated into such materially misleading financial statements. If
an overpayment of incentive compensation results from a restatement of financial statements, the Company’s Board of Directors
shall have the discretion to consider the overpayment in awarding future incentive compensation to you without regard to your role
with respect to the financial statements which are restated.

 

C. Accelerated Vesting.
All of your Awarded Shares that have not previously vested will become fully vested immediately, and without any further action
on your part, in the event of your death, Disability (as defined in the Plan), or in the event a Change in Control (as defined
in the Plan). You may designate a Beneficiary to receive any Awarded Shares that vest upon your death using the Beneficiary designation
form attached as Appendix A.

 

    	 

    	 

    

 

D. Definition of Service.
For purposes of determining the vesting of your Awarded Shares, you will be deemed to be in the service of the Company for so long
as you serve in any capacity as an employee, officer, non-employee director or emeritus director of the Company or its affiliates.

 

Section 3. Dividends. You will
receive any dividends declared by the Company with a record date that is after the Effective Date specified in this Award Notice
but they will be paid to you by, and will be taxable in the same manner as other compensation paid to you by, the Company; by signing
this Award Notice and accepting its terms, you direct the Company or any agent thereof, as applicable, to remit to the Company
for payment to you any dividends that any of them may receive as the record holder of your unvested Awarded Shares.

 

Section 4. Voting Rights. You
shall have the right to control all voting rights relating to all unvested Awarded Shares. You will receive proxy materials for
voting in the same manner as other shareholders with Shares.

 

Section 5. Tax Consequences.
Set forth below is a brief summary as of the Effective Date of certain United States federal income tax consequences of the award
of Awarded Shares. THIS SUMMARY DOES NOT ADDRESS EMPLOYMENT, SPECIFIC STATE, LOCAL OR FOREIGN TAX CONSEQUENCES THAT MAY BE APPLICABLE
TO YOU. YOU UNDERSTAND THAT THIS SUMMARY IS NECESSARILY INCOMPLETE, AND THAT THE TAX LAWS AND REGULATIONS ARE SUBJECT TO CHANGE.

 

A. You shall recognize ordinary
income at the time or times your Awarded Shares vest in an amount equal to the fair market value of such vesting Awarded Shares
on each Vesting Date and the Company shall be required to collect all the applicable withholding taxes with respect to such income.

 

B. You will be solely responsible
for the payment of all U.S. federal income and other taxes, including any state, local or non-U.S. income or employment tax obligation
that may be related to the Awarded Shares, including any such taxes that are required to be withheld and paid over to the applicable
tax authorities (the “Tax Withholding Obligation”).

 

C. Unless the Company, in its sole
discretion, chooses to satisfy the Tax Withholding Obligation by some other means in accordance with clause (d) below, your acceptance
of this Award Notice constitutes your instruction and authorization to the Company and any brokerage firm determined acceptable
to the Company for such purpose to sell on your behalf a whole number of Awarded Shares from those Awarded Shares that vest on
the Vesting Date as the Company determines to be appropriate to generate cash proceeds sufficient to satisfy the applicable Tax
Withholding Obligation. Such Awarded Shares will be sold on the day the Tax Withholding Obligation arises or as soon thereafter
as practicable. You will be responsible for all brokers’ fees and other costs of sale, which fees and costs may be deducted
from the proceeds of the foregoing sale of Awarded Shares, and you agree to indemnify and hold the Company and any brokerage firm
selling such Awarded Shares harmless from any losses, costs, damages, or expenses relating to any such sale. To the extent the
proceeds of such sale exceed your Tax Withholding Obligation, such excess cash will be deposited into the securities account established
with the brokerage service provider for your Awarded Shares. You acknowledge that the Company or its designee is under no obligation
to arrange for such sale at any particular price, and that the proceeds of any such sale may not be sufficient to satisfy your
Tax Withholding Obligation. Accordingly, you agree to pay to the Company as soon as practicable, including through additional payroll
withholding, any amount of the Tax Withholding Obligation that is not satisfied by the sale of Awarded shares described above.

 

    	 

    	 

    

 

D. At any time before any Tax Withholding
Obligation arises, the Company may, in its sole discretion, elect to satisfy your Tax Withholding Obligation through Awarded Share
withholding pursuant to this Section 5(d). As such, to the extent the Company makes such an election, you hereby authorize the
Company to withhold shares otherwise deliverable upon vesting of the Awarded Shares with a fair market value (as determined by
the Company in its sole discretion) on the Vesting Date equal to the Tax Withholding Obligation required to be withheld.

 

E. Unless the Tax Withholding Obligation
of the Company and/or any affiliate are satisfied, the Company shall have no obligation to release any vested Awarded Shares to
you.

 

Section 6. Amendment. This Award
Notice may be amended, in whole or in part and in any manner not inconsistent with the provisions of the Plan, at any time and
from time to time, by written agreement between you and the Company; provided, however, that this Award Notice may be unilaterally
amended by the Company to the extent required to comply with applicable law.

 

Section 7. Plan Provisions Control.
This Award Notice, and the rights and obligations created hereunder, shall be subject to all of the terms and conditions of the
Plan. In the event of any conflict between the provisions of the Plan and the provisions of this Award Notice, the terms of the
Plan, which are incorporated herein by reference, shall control.

 

    	 

    	 

    

 

APPENDIX A TO RESTRICTED STOCK AWARD NOTICE

DCB FINANCIAL CORP

2014 RESTRICTED STOCK PLAN

Beneficiary Designation Form

 

	GENERAL	 
	INFORMATION	Use this form to designate the Beneficiary(ies) who will receive Shares available for distribution at the time of your death.

 

	Name of	 
	Award	 
	Recipient	 

 

	BENEFICIARY

DESIGNATION	Complete sections A and B. If no percentage shares are specified, each Beneficiary in the same class (primary or contingent) shall have an equal share. If any designated Beneficiary predeceases you, the shares of each remaining Beneficiary in the same class (primary or contingent) shall be increased proportionately

 

 

A. PRIMARY BENEFICIARY(IES). I hereby designate the following
person as my primary Beneficiary under the Plan, reserving the right to change or revoke this designation at any time prior to
my death:

 

	Name	 	Address	 	Relationship	 	Date of Birth	 	Share
	 	 	 	 	 	 	 	 	       %
	 	 	 	 	 	 	 	 	       %
	 	 	 	 	 	 	 	 	       %

 

B. CONTINGENT BENEFICIARY(IES). I hereby designate the
following person(s) as my contingent Beneficiary(ies) under the Plan to receive benefits only if all of my primary Beneficiaries
should predecease me, reserving the right to change or revoke this designation at any time prior to my death with respect to all
outstanding Awarded Shares:

 

	Name	 	Address	 	Relationship	 	Date of Birth	 	Share
	 	 	 	 	 	 	 	 	       %
	 	 	 	 	 	 	 	 	       %
	 	 	 	 	 	 	 	 	       %

 

    	 

    	 

    

 

	S	H	I understand that this Beneficiary Designation shall be effective only if properly
	I	E	completed and received by the Corporate Secretary of DCB Financial
	G	R	Corp prior to my death, and that it is subject to all of the terms and
	N	E	and conditions of the Plan.  I also understand that an effective beneficiary
	 	 	designation revokes my prior designation(s) with respect to all outstanding
	 	 	Awarded Shares.

 

	 	 	 	 	 
	 	Your Signature	 	Date	 

 

 

	Internal Use Only
	 
	 
	 
	Comments

 

This Beneficiary Designation was received by the Corporate Secretary
of DCB Financial Corp on the date indicated.

 

	By	 	 	 
	 	Authorized Signature	 	Date

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