Document:

Profit Unit Award Agreement dated as of March 17,2005 - Eli Ben-Shoshan

 Exhibit 10.55 
  
 PROFITS UNIT AWARD AGREEMENT 
  

PROFITS UNIT AWARD AGREEMENT, (“Agreement”) dated as of March 17, 2005 (the “Date of Grant”), by and between KRATON Management LLC,
a Delaware limited liability company (the “Company”) and Eli Ben-Shoshan (the “Participant”). Unless the context otherwise provides, capitalized terms not defined herein shall have the meanings ascribed to them in the Limited
Liability Company Operating Agreement of KRATON Management LLC, as amended from time to time (the “Management LLC Agreement”). 
  

	1.	Description of Profits Units. Each Company Profits Unit represents the right to a pro rata share of any distributions received by the Company in respect of the
corresponding TJ Chemical Profits Units held by the Company in accordance with the Management LLC Agreement. Each TJ Chemical Profits Unit represents the right to receive a pro rata portion of the appreciation of the assets of TJ
Chemical above the Threshold Amount (as defined in the TJ Chemical LLC Agreement) for such TJ Chemical Profits Unit after the Date of Grant. The Threshold Amount for the Company Profits Units granted hereunder is
$[             ], representing the current value of the assets of TJ Chemical (net of debt) as of the Date of Grant, provided that such Threshold Amount may be appropriately and equitably
adjusted by the Board of Directors of TJ Chemical for contributions and distributions that affect the aggregate balances of all Capital Accounts (as defined in the TJ Chemical LLC Agreement) maintained under the TJ Chemical LLC Agreement in order to
place all holders of profits units, including the Participant, in the same position they would have been in had such contributions and distributions not been made. The pro rata portion of appreciation shall be determined based on all
outstanding TJ Chemical Membership Units and TJ Chemical Profits Units for which the applicable Threshold Amount has been achieved (but only as to the appreciation above the Threshold Amount with respect to the applicable TJ Chemical Profits Units).

  
 Each Company Profits Unit is intended to be a
“profits interest” within the meaning of Rev. Proc. 93-27 (6/09/93) and Rev. Proc. 2001-43 (8/03/01). By virtue of ownership of a Company Profits Unit, the Participant shall have no right or obligation to make any Capital Contribution to
the Company at any time and shall have no rights to any capital contributed to the Company. 
  

	2.	Grant of Award. The Company hereby grants to the Participant 125,000 Company Profits Units (the “Profits Units”), subject to the terms and conditions of this
Agreement and the Management LLC Agreement. 

  

	3.	 Vesting. Notwithstanding Section 4.8 of the Management LLC Agreement, 50% of the Profits Unit shall vest when the fair value of the assets of TJ Chemical
equal or exceed two times (2X) the Threshold Amount and the remaining 50% of the Profits Units shall vest when the fair value of the assets of TJ Chemical equal or exceed three times (3X) the Threshold Amount, in each case, as determined by the
Board of Directors of TJ Chemical, provided that the Participant is employed by the KRATON Group on such vesting date, and provided, further, that 100% of the Profits Units shall vest upon the effective date of a disposition by the Initial Investors
of 51% or more of their aggregate interests in KRATON to one or more 

  

	 	 
unrelated third Persons if the Participant is employed by the KRATON Group through such date. Notwithstanding anything to the contrary in any other
agreement, including the Management LLC Agreement, in the event the Participant’s employment with the KRATON Group is terminated prior to a portion or all Profits Units becoming vested as provided above, all unvested Profits Units shall
immediately and without any further action be forfeited on the date of termination. 

  

	4.	LLC Agreements. This Agreement shall be subject to all of the provisions of the Management LLC Agreement, and such provisions are incorporated herein by this reference. The
Participant understands that, as a condition to receiving the Profits Units granted hereunder, the Participant must execute and comply with the Management LLC Agreement. The Participant shall be a Member and holder of Profits Unit for all purposes
under the Management LLC Agreement. Unless expressly stated otherwise in this Agreement, to the extent that, with respect to any right or obligation of the Participant, any provisions of this Agreement are not consistent with the Management LLC
Agreement, the provisions of the Management LLC Agreement shall govern. 

  

	5.	Representations by Participant. The Participant represents and warrants that he has received, read and executed a copy of the Management LLC Agreement.

  

	6.	Restrictions on Transferability. Except as specifically provided in Article IX of the Management LLC Agreement, the Profits Units may not be sold, transferred or otherwise
disposed of without the written approval of the Managing Member. 

  

	7.	Corporate Transaction; Termination of Employment. The Company shall have the right to cancel the Profits Units in the event of a merger, consolidation, recapitalization or
other corporate transaction involving TJ Chemical in which TJ Chemical cancels the corresponding TJ Chemical Profits Units and shall distribute the cash, securities or other property, or any combination thereof, if any, received from TJ Chemical in
respect of such corresponding TJ Chemical Profits Units in accordance with Section 9.6 of the Management LLC Agreement. If the Participant becomes a Terminated Employee, the Company shall have the right to purchase any then-vested Profits Units held
by the Participant in accordance with Article IX of the Management LLC Agreement. 

  

	8.	Fair Value. Any determination relating to the value of the assets of TJ Chemical or any TJ Chemical Profits Unit shall be determined in good faith by the Board of Directors
of TJ Chemical in accordance with the TJ Chemical LLC Agreement and all determinations of the Board of Directors shall be final and binding on all parties. 

  

	9.	Assignment. This Agreement and the rights hereunder shall not be assignable or transferable by the Participant without the prior written consent of the Company. This
Agreement shall inure to the benefit of and be binding upon the parties and to their respective heirs, executors, administrators, successors and permitted assigns. 

  

	10.	Amendments. The terms and provisions of this Agreement may not be amended except by a written instrument signed by the parties hereto. 

  

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	11.	Counterparts; Effectiveness. This Agreement may be executed in any number of counterparts, each of which shall be considered an original, but all such counterparts shall
together constitute but one and the same contract. 

  

	12.	Severability. Every provision of this Agreement is intended to be severable. If any term or provision hereof is illegal or invalid for any reason whatsoever, such term or
provision shall be enforced to the maximum extent permitted by law and, in any event, such illegality or invalidity shall not affect the validity of the remainder of this Agreement. 

  

	13.	Non-Waiver. No provision of this Agreement shall be deemed to have been waived except if the giving of such waiver is contained in a written notice given to the party
claiming such waiver, and no such waiver shall be deemed to be a waiver of any other or further obligation or liability of the party or parties in whose favor the waiver was given. 

  

	14.	Applicable Law. This Agreement and the rights and obligations of the parties hereto shall be interpreted and enforced in accordance with and governed by the laws of the state
of Delaware without regard to its principles of conflict of laws. 

  

	15.	Integration. This Agreement, and the other documents referred to herein or delivered pursuant hereto (including, without limitation, the Management LLC Agreement and the TJ
Chemical LLC Agreement) which form a part hereof contain the entire understanding of the parties with respect to its subject matter and there are no restrictions, agreements, promises, representations, warranties, covenants or undertakings with
respect to the subject matter hereof other than those expressly set forth in such documents and such documents supersede all prior agreements and understandings between the parties with respect to their subject matter. 

  

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 IN WITNESS WHEREOF, the Company and the Participant have duly executed this Agreement as of the day and
year first above written. 
  

					
	 KRATON MANAGEMENT LLC

		
	 By:
	 	 /s/ John E. Viola

	 	 	 Name:
	 	 John E. Viola

	 	 	 Title:
	 	 Vice President

	
	
	 /s/ Eli Ben-Shoshan

	 Eli Ben-Shoshan

  

 4Employment Agreement

 Exhibit 10.65 
  
 EMPLOYMENT AGREEMENT 
  
 EMPLOYMENT AGREEMENT (“Agreement”) dated as of June 3, 2005 between CONSOL Energy Inc., a Delaware corporation (the
“Company”) and J. Brett Harvey (the “Executive”). 
  
 WHEREAS, the Executive presently serves as a Director on the Company’s Board of Directors (the “Board”) and is employed as the President and Chief Executive Officer of the Company: 
  
 WHEREAS, the Executive and the Company entered into the Letter Agreement,
dated December 11, 1997, and subsequently amended April 5, 2000, relating to the terms and conditions of Executive’s employment and service as a Director of the Company (the “Letter Agreement”); 
  
 WHEREAS, the Company and the Executive entered into a Change in Control
Severance Agreement, dated as of July 21, 2003 (the “Change in Control Agreement”); 
  
 WHEREAS, the Board recognizes that the Executive’s contribution to the growth and success of the Company has been substantial and the Board desires to provide for the continued employment of the Executive and to
make certain changes in the Executive’s employment arrangements with the Company which the Board has determined will reinforce and encourage the continued attention and dedication to the Company of the Executive as a member of the
Company’s management, in the best interests of the Company and its stockholders; 
  
 WHEREAS, the Executive is willing to commit himself to continue to serve the Company, on the terms and conditions herein provided. 
  
 In order to effect the foregoing, the Company and the Executive wish to enter into an employment agreement on the terms and
conditions set forth below. Accordingly, in consideration of the premises and the respective covenants and agreements of the parties herein contained, and intending to be legally bound hereby, the parties hereto agree as follows: 
  
 ARTICLE 1 
  
 DEFINITIONS 
  
 SECTION 1.01. Definitions. For purposes of this Agreement, the following terms have the meanings set forth below: 
  
 “Affiliate” means (i) any entity that, directly or
indirectly, is controlled by the Company, (ii) any entity in which the Company has a significant equity interest, and (iii) an affiliate of the Company as defined in Rule 12b-2 promulgated under Section 12 of the Securities Exchange Act of 1934, as
amended. 
  
 “Base Salary” has the meaning set
forth in Section 4.01. 

 “Cause” means (a) gross negligence in the performance of the Executive’s duties
which results in material financial harm to the Company; (b) the Executive’s conviction of, or plea of guilty or nolo contendere to, (i) any felony, or (ii) any misdemeanor involving fraud, embezzlement or theft; (c) the Executive’s
intentional failure or refusal to perform his duties and responsibilities with the Company, without the same being corrected within fifteen (15) days after being given written notice thereof; (d) the material breach by the Executive of any of the
covenants contained in Articles 6 or 7 of this Agreement; (e) the Executive’s willful violation of any material provision of the Company’s code of conduct for executives and management employees; or (f) the Executive’s willful
engagement in conduct that is demonstrably and materially injurious to the Company, monetarily or otherwise. The Executive may be terminated for Cause hereunder only by majority vote of all members of the Board (other than the Executive), which vote
is communicated to the Executive in writing. 
  
 “Code” means the Internal Revenue Code of 1986, as amended. 
  
 “Date of Termination” has the meaning set forth in Section 5.07. 
  
 “Employment Period” has the meaning set forth in Section 2.01. 
  
 “Good Reason” means, without the Executive’s written consent, (a) the material diminution of the
Executive’s duties or responsibilities, including the assignment of any duties and responsibilities materially inconsistent with his position, without the same being corrected within fifteen (15) days after the Executive gives written notice
thereof; (b) a reduction in the Executive’s Base Salary; (c) a material reduction in the Executive’s annual target bonus opportunity (excluding any reduction that is generally applicable to all or substantially all executive officers of
the Company), without the same being corrected within fifteen (15) days after the Executive gives written notice thereof; (d) a material reduction in the overall level of employee benefits (including long-term incentive opportunities) provided to
the Executive (excluding any reduction that is generally applicable to all or substantially all executive officers of the Company), without the same being corrected within fifteen (15) days after the Executive gives written notice thereof; (e) the
failure to obtain a written assumption of this Agreement by any person acquiring all or substantially all of the assets of the Company prior to such acquisition; (f) the relocation of the Executive’s work location to a location more than fifty
(50) miles from Pittsburgh, Pennsylvania; or (g) the Company giving the Executive notice of nonextension of the term of this Agreement in accordance with Section 5.01 solely at either the end of the initial three year term or the end of the first
one year extension of the term under Section 5.01 (but, for the avoidance of doubt, not at the end of any further extension of the term); provided, however, that, notwithstanding any provision of this Agreement to the contrary, the
Executive must give written notice of his intention to terminate his employment for Good Reason within sixty (60) days after the event or omission which constitutes Good Reason, and any failure to give such written notice within such period will
result in a waiver by the Executive of his right to terminate for Good Reason as a result of such act or omission. 
  
 “Notice of Termination” has the meaning set forth in Section 5.06. 
  

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 “Person” shall have the meaning ascribed to such term in Section 3(a)(9) of the
Securities Exchange Act of 1934, as amended and used in Sections 13(d) and 14(d) thereof, including a “group” as defined in Section 13(d). 
  
 “Permanent Disability” means the Executive becomes permanently disabled within the meaning of the long term disability plan of the
Company applicable to the Executive under circumstances whereby the Executive is entitled to receive immediate benefits thereunder. 
  
 “Reimbursable Expenses” has the meaning set forth in Section 4.05. 
  
 “Restricted Territory” means the counties, towns, cities, states or other political subdivisions of any
country in which the Company or its Affiliates operates or does business. 
  
 ARTICLE 2 
  
 EMPLOYMENT

  
 SECTION 2.01. Employment. The Company shall continue to
employ the Executive, and the Executive shall continue employment with the Company, upon the terms and conditions set forth in this Agreement for the period beginning June 3, 2005 (the date of the beginning of such period to be referred to herein as
the “Start Date”) and ending as provided in Section 5.01 (the “Employment Period”). 
  
 ARTICLE 3 
  
 POSITION AND DUTIES 
  
 SECTION 3.01. Position and
Duties. During the Employment Period, the Executive shall continue to serve as President and Chief Executive Officer of the Company and will be nominated for re-election to the Board. In such capacity, the Executive shall have such
responsibilities, powers and duties as may from time to time be prescribed by the Board; provided that such responsibilities, powers and duties are substantially consistent with those customarily assigned to individuals serving in such
positions at comparable companies or as may be reasonably required by the conduct of the business of the Company. During the Employment Period the Executive shall devote substantially all of his working time and efforts to the business and affairs
of the Company and its subsidiaries. The Executive shall not directly or indirectly render any services of a business, commercial or professional nature to any other Person or organization, whether for compensation or otherwise, without the prior
written consent of the Company; provided, however, that nothing in this Agreement shall preclude the Executive from managing his personal investments or serving as a director of a not-for-profit organization, so long as such activities
do not interfere with the Executive’s performance of his duties hereunder. 
  
 ARTICLE 4 
  
 BASE SALARY AND
BENEFITS 
  
 SECTION 4.01. Base Salary. During the
Employment Period, the Executive’s base salary will be not less than $850,000 per annum (the “Base Salary”). The Base Salary will 

  

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be payable in accordance with the normal payroll practices of the Company. Annually during the Employment Period the Board shall review with the Executive
his job performance and compensation, and if deemed appropriate by the Board, in its discretion, the Executive’s Base Salary may be increased but not decreased and, if so increased, such adjusted Base Salary shall become the new Base Salary and
shall not thereafter during the Employment Period be decreased. 
  
 SECTION 4.02. Bonuses. During the Employment Period, in addition to the Base Salary, the Executive shall be eligible to participate in an annual bonus plan on terms established from time to time by the Board; provided,
however, that (i) the Executive’s target annual bonus will be not less than 100% of his Base Salary, and (ii) the Executive’s bonus will be paid at the same time as bonuses are paid for other senior executive officers. 

 
 SECTION 4.03. Long Term Incentive Plans. During the Employment
Period, the Executive shall be eligible to participate in any long term incentive compensation plan maintained by the Company on the terms established from time to time by the Board or the Compensation Committee of the Board, as applicable.

  
 SECTION 4.04. Benefits. During the Employment Term the
Executive shall be entitled to participate in all employee benefit and fringe benefit plans and arrangements made available by the Company to its executives and key management employees upon the terms and subject to the conditions set forth in the
applicable plan or arrangement; provided, however, that the Executive will be credited with eleven (11) years of additional service credit under the Company’s Employee Retirement Plan (the “ERP”) and the Company’s
retiree medical plan, representing the Executive’s years of service at PacifiCorp Energy Inc. and its affiliates (“PacifiCorp”); provided, further however, that, to the extent such additional service credit cannot
be provided under the ERP, the Company shall provide such benefits under a supplemental retirement plan. Notwithstanding the foregoing, there shall be deducted from the benefits payable to the Executive under the ERP or a supplemental retirement
plan an amount equal to the pension benefits payable to the Executive pursuant to any pension benefit plans of PacifiCorp. The Executive will be entitled to a maximum of five (5) weeks of paid vacation annually during the Employment Period.

  
 SECTION 4.05. Expenses. The Company shall reimburse the
Executive for all reasonable expenses incurred by him in the course of performing his duties under this Agreement which are consistent with the Company’s policies in effect from time to time with respect to travel, entertainment and other
business expenses (“Reimbursable Expenses”), subject to the Company’s requirements with respect to reporting and documentation of expenses. In addition, the Company shall reimburse the Executive for all reasonable expenses
incurred by him for legal advice in finalizing this Agreement, subject to a maximum of $30,000. 
  
 ARTICLE 5 
  
 TERM AND TERMINATION

  
 SECTION 5.01. Term. The Employment Period will
terminate on the third anniversary of the Start Date unless further extended or sooner terminated as hereinafter 

  

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provided. Commencing on the third anniversary of the Start Date and on each anniversary thereafter, the Employment Period will automatically be extended for
one (1) additional year, unless not later than ninety (90) days immediately preceding such anniversary, the Company or the Executive shall have given written notice to the other that it does not wish to extend the Agreement. 
  
 SECTION 5.02. Termination for Good Reason or Without Cause. If the
Employment Period shall be terminated prior to the expiration of the third anniversary of the Start Date (or the end of the Employment Period as extended pursuant to Section 5.01) (a) by the Executive for Good Reason, or (b) by the Company not for
Cause, provided the Executive has entered into and not revoked a general release of claims reasonably satisfactory to the Company, the Executive shall be paid solely (i) Base Salary through the Date of Termination and any annual bonus awarded in
accordance with the Company’s bonus program but not yet paid; (ii) an amount equal to two (2) times the Base Salary and two (2) times the target annual bonus amount, provided that the Executive shall be entitled to any unpaid amounts only if
the Executive has not breached and does not breach the provisions of Sections 6.01 and 7.01 hereof; (iii) a pro-rata portion of the Executive’s target bonus for the year of termination, calculated by reference to the number of days during the
bonus year during which he was employed by the Company; (iv) payment for all accrued, but unused, vacation time through the Date of Termination; (v) payment for reasonable outplacement assistance services for the Executive associated with seeking
another employment position; and (vi) promptly following any such termination, the Executive shall be reimbursed all Reimbursable Expenses incurred by the Executive prior to such termination. The amounts described in clauses (i), (ii), (iii) and
(iv) above will be paid in a single lump sum within ten (10) days after the Date of Termination; provided, however, that no amount shall be paid until expiration of the 7-day statutory revocation period with respect to the release
referred to in this Section 5.02 above. The terms of all Company restricted stock units, stock options and other equity based awards will be as set forth in the applicable award agreements, and medical benefits shall be as provided in Section 5.05
below. The Executive’s entitlements under any other benefit plan or program shall be as determined thereunder, except that severance benefits shall not be payable under any other plan or program. Notwithstanding the foregoing, if a termination
of employment results in severance benefits being paid under the Change in Control Agreement (or any successor thereto), no amounts or benefits will be paid to the Executive under this Section 5.02. 
  
 SECTION 5.03. Termination Due to Death or Permanent Disability. If the
Employment Period shall be terminated prior to the expiration of the third anniversary of the Start Date (or the end of the Employment Period as extended pursuant to Section 5.01) due to the Executive’s death or Permanent Disability, the
Executive (or his heirs, estate or legal representative) shall be entitled solely to (i) Base Salary through the Date of Termination and any annual bonus awarded in accordance with the Company’s bonus program but not yet paid; (ii) a pro-rata
portion of the Executive’s target bonus for the year of termination, calculated by reference to the number of days during the bonus year during which he was employed by the Company; (iii) payment for all accrued, but unused, vacation time
through the Date of Termination; and (iv) promptly following any such termination, the Executive (or his heirs, estate of legal representative) shall be reimbursed all Reimbursable Expenses incurred by the Executive prior to such termination. The
amounts described in clauses (i), (ii) and (iii) above will be paid in a single lump sum within ten (10) days after the Date of Termination. The terms 

  

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of all Company restricted stock units, stock options and other equity based awards will be as set forth in the applicable award agreements, and the
Executive’s entitlements under any other benefit plan or program shall be as determined thereunder. 
  
 SECTION 5.04. Termination for Cause or Other Than Good Reason. If the Employment Period shall be terminated prior to the expiration of the third
anniversary of the Start Date (or the end of the Employment Period as extended pursuant to Section 5.01) (a) by the Company for Cause, or (b) by the Executive other than for Good Reason and not due to the Executive’s death or Permanent
Disability, the Executive shall be entitled, within ten (10) days following the Date of Termination, to receive solely (i) the Base Salary through the Date of Termination; (ii) payment for all accrued, but unused, vacation time through the Date of
Termination; and (iii) reimbursement of all Reimbursable Expenses incurred by the Executive prior to such termination. The Executive’s rights under any benefit plan or program shall be as set forth thereunder. 
  
 SECTION 5.05. Medical Benefits. If the Employment Period is terminated
as a result of a termination of employment as specified in Section 5.02, the Executive and his dependents shall continue to receive his medical insurance benefits from the Company, on terms substantially comparable to the terms of the Company’s
medical plan, for a period equal to the lesser of (x) twenty four (24) months following the Date of Termination or (y) until the Executive is provided by another employer with benefits substantially comparable (with no preexisting condition
limitations) to the benefits provided by the Company’s medical plan. For purposes of enforcing this offset provision, the Executive shall have a duty to promptly inform the Company in writing as to the terms and conditions of any medical
benefits provided in connection with any subsequent employment. Notwithstanding the foregoing, the benefits provided in this Section 5.05 shall not in any way modify, limit, or waive any rights the Executive or his dependents may have with respect
to any retiree or other post-employment medical benefits, it being agreed that this Section 5.05 provides a minimum amount of coverage that must be provided, and not a replacement of any coverage to which the Executive or his dependents may
otherwise be entitled. 
  
 SECTION 5.06. Notice of
Termination. Any termination by the Company for Permanent Disability or Cause or without Cause or by the Executive with or without Good Reason shall be communicated by written Notice of Termination to the other party hereto. For purposes of this
Agreement, a “Notice of Termination” shall mean a notice which shall indicate the specific termination provision in this Agreement relied upon and shall set forth in reasonable detail the facts and circumstances claimed to provide a
basis for termination of employment under the provision indicated. 
  
 SECTION 5.07. Date of Termination. “Date of Termination” shall mean (a) if the Employment Period is terminated as a result of a Permanent Disability, the next business day after a Notice of Termination is given
following the Permanent Disability; (b) if the Employment Period is terminated as a result of death, the date of death; and (c) if the Employment Period is terminated for any other reason, the later of the date the Notice of Termination is given or
the end of any applicable correction period. 
  

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 SECTION 5.08. No Duty to Mitigate. The Executive shall have no duty to seek new employment or
other duty to mitigate following a termination of employment as described in Section 5.02 above, and no compensation or benefits described in Section 5.02 shall be subject to reduction or offset on account of any subsequent compensation, other than
as provided in Section 5.05. 
  
 SECTION 5.09. Release.
Notwithstanding any other provision hereof, the Executive shall not be required by any general release required under Section 5.02 above to release claims that the Executive may have against the Company for reimbursement of ordinary and necessary
business expenses incurred by him during the course of his employment, claims that arise after the effective date of the release, any rights the Executive may have to enforce Sections 5.02 of this Agreement, and claims for which the Executive is
entitled to be indemnified under the Company’s charter, by-laws or under applicable law or pursuant to the Company’s directors’ and officer’s liability insurance policies. 
  
 ARTICLE 6 
  
 CONFIDENTIAL INFORMATION 
  
 SECTION 6.01. Confidential Information and Trade Secrets. The Executive and the Company agree that certain materials, including, but not limited
to, information, data and other materials relating to customers, development programs, costs, marketing, trading, investment, sales activities, promotion credit and financial data, manufacturing processes, financial methods, plans or the business
and affairs of the Company and its Affiliates, constitute proprietary confidential information and trade secrets. Accordingly, the Executive will not at any time during or after the Executive’s employment with the Company disclose or use for
the Executive’s own benefit or purposes or the benefit or purposes of any Person, other than the Company and any of its Affiliates, any proprietary confidential information or trade secrets. The foregoing obligations imposed by this Section
6.01 will not apply (i) in the course of the business of and for the benefit of the Company, (ii) if such information has become, through no fault of the Executive, generally known to the public, or (iii) if the Executive is required by law to make
disclosure (after giving the Company notice and an opportunity to contest such requirement). The Executive agrees that upon termination of employment with the Company for any reason, the Executive will immediately return to the Company all
memoranda, books, paper, plans, information, letters and other data, and all copies thereof or therefrom, which in any way relate to the business of the Company and its Affiliates. The Executive further agrees that the Executive will not retain or
use for the Executive’s account at any time any trade names, trademark or other proprietary business designation used or owned in connection with the business of the Company or any of its Affiliates. 
  
 ARTICLE 7 
  
 NONCOMPETITION 
  
 SECTION 7.01. Noncompetition. (a) The Executive acknowledges and recognizes the highly competitive nature of the business of the Company and its
Affiliates and accordingly agrees that during the term of the Executive’s employment and for a period of two (2) years after the termination thereof: 
  
 (i) the Executive will not directly or indirectly engage in any business which is in competition with any line of business conducted by
the Company or any of its Affiliates, including, but not limited to, where such engagement is as an officer, director, proprietor, employee, partner, investor (other than as a holder of less than 1% of the outstanding capital stock of a publicly
traded corporation), consultant, advisor, agent or sales representative, in any Restricted Territory; 
  

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 (ii) the Executive will not perform or solicit the performance of services for any
customer or client of the Company or any of its Affiliates; 
  
 (iii) the Executive will not directly or indirectly induce any employee of the Company or any of its Affiliates to (1) engage in any activity or conduct which is prohibited pursuant to this Section 7.01, or (2)
terminate such employee’s employment with the Company or any of its Affiliates. Moreover, the Executive will not directly or indirectly employ or offer employment (in connection with any business which is in competition with any line of
business conducted by the Company or any of its Affiliates) to any person who was employed by the Company or any of its Affiliates unless such person shall have ceased to be employed by the Company or any of its Affiliates for a period of at least
twelve (12) months; and 
  
 (iv) the Executive
will not directly or indirectly assist others in engaging in any of the activities which are prohibited under clauses (i)-(iii) of this Section 7.01(a) above. 
  

(b) The covenant contained in Section 7.01(a)(i) above is intended to be construed as a series of separate covenants, one for each county, town, city
and state or other political subdivision of a Restricted Territory. Except for geographic coverage, each such separate covenant shall be deemed identical in terms to the covenant contained in the preceding subsections. If, in any judicial
proceeding, the court shall refuse to enforce any of the separate covenants (or any part thereof) deemed included in such subsections, then such unenforceable covenant (or such part) shall be deemed to be eliminated from this Agreement for the
purpose of those proceedings to the extent necessary to permit the remaining separate covenants (or portions thereof) to be enforced. 
  
 (c) It is expressly understood and agreed that although the Executive and the Company consider the restrictions contained in this Section 7.01 to be
reasonable, if a final judicial determination is made by a court of competent jurisdiction that the time or territory or any other restriction contained in this Agreement is an unenforceable restriction against the Executive, the provisions of this
Agreement shall not be rendered void but shall be deemed amended to apply as to such maximum time and territory and to such maximum extent as such court may judicially determine or indicate to be enforceable. Alternatively, if any court of competent
jurisdiction finds that any restriction contained in this Agreement is unenforceable, and such restriction cannot be amended so as to make it enforceable, such finding shall not affect the enforceability of any of the other restrictions contained
herein. 
  

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 ARTICLE 8 
  
 EQUITABLE RELIEF 
  
 SECTION 8.01. Equitable Relief. The Executive acknowledges that (a) the covenants contained in Sections 6.01 and 7.01 hereof are reasonable, (b)
the Executive’s services are unique, and (c) a breach or threatened breach by him of any of his covenants and agreements with the Company contained in Sections 6.01 or 7.01 hereof could cause irreparable harm to the Company for which it would
have no adequate remedy at law. Accordingly, and in addition to any remedies which the Company may have at law, in the event of an actual or threatened breach by the Executive of his covenants and agreements contained in Sections 6.01 or 7.01
hereof, the Company shall be entitled as a matter of right to an injunction, without a requirement to post bond, out of any court of competent jurisdiction, restraining any violation or further violation of such promises by the Executive or the
Executive’s employees, partners or agents. 
  
 ARTICLE 9

  
 INDEMNIFICATION 
  
 SECTION 9.01. (a) Indemnification. The Company agrees that if the
Executive is made a party, or is threatened to be made a party, to any action, suit or proceeding, whether civil, criminal, administrative or investigative, by reason of the fact that he is or was a director, officer or employee of the Company or is
or was serving at the request of the Company as a director, officer, member, employee or agent of another corporation, partnership, joint venture, trust or other enterprise, including service with respect to employee benefit plans, the Executive
shall be indemnified and held harmless by the Company to the fullest extent permitted or authorized by applicable law and the Company’s certificate of incorporation or bylaws, against all cost, expense, liability and loss (including, without
limitation, attorney’s fees, judgments, fines, ERISA excise taxes or penalties and amounts paid or to be paid in settlement) reasonably incurred or suffered by the Executive in connection therewith, and such indemnification shall continue as to
the Executive even if he has ceased to be a director, member, employee or agent of the Company or other entity and shall inure to the benefit of the Executive’s heirs, executors and administrators. 
  
 (b) D&O Insurance. During the Employment Period, the Company shall
keep in place a directors’ and officers’ liability insurance policy (or policies) providing comprehensive coverage to the Executive to the same extent that the Company provides such coverage for any other officer or director of the Company
and, after the expiration of the Employment Period, the Executive shall be entitled to such coverage to the same extent that the Company provides such coverage for any other current or former officer or director of the Company. 
  
 ARTICLE 10 
  
 MISCELLANEOUS 
  
 SECTION 10.01. Remedies. The Company will have all rights and remedies set forth in this Agreement, all rights and remedies which the Company has
been granted at any time 

  

 -9- 

 
under any other agreement or contact and all of the rights which the Company has under any law. The Company will be entitled to enforce such rights
specifically, without posting a bond or other security, to recover damages by reason of any breach of any provision of this Agreement and to exercise all other rights granted by law. The failure of the Company to enforce at any time any provision of
this Agreement shall in no way be construed to be a waiver of such provision or of any other provision hereof. 
  
 SECTION 10.02. Consent to Amendments. The provisions of this Agreement may be amended or waived only by a written agreement executed and delivered
by the Company and the Executive. No other course of dealing between the parties to this Agreement or any delay in exercising any rights hereunder will operate as a waiver of any rights of any such parties. 
  
 SECTION 10.03. Successors and Assigns. All covenants and agreements
contained in this Agreement by or on behalf of any of the parties hereto will bind and inure to the benefit of the respective successors and assigns of the parties hereto whether so expressed or not, provided that the Executive may not assign
his rights or delegate his obligations under this Agreement without the written consent of the Company and the Company may assign this Agreement only to a successor to all or substantially all of its assets. 
  
 SECTION 10.04. Severability. Whenever possible, each provision of this
Agreement will be interpreted in such manner as to be effective and valid under applicable law, but if any provision of this Agreement is held to be prohibited by or invalid under applicable law, such provision will be ineffective only to the extent
of such prohibition or invalidity, without invalidating the remainder of this Agreement. 
  
 SECTION 10.05. Counterparts. This Agreement may be executed simultaneously in two or more counterparts, any one of which need not contain the signatures of more than one party, but all of which counterparts
taken together will constitute one and the same agreement. 
  
 SECTION 10.06. Descriptive Headings. The descriptive headings of this Agreement are inserted for convenience only and do not constitute a part of this Agreement. 
  
 SECTION 10.07. Notices. All notices, demands or other communications to be given or delivered under or by reason of
the provisions of this Agreement will be in writing and will be deemed to have been given when delivered personally to the recipient, two (2) business days after the date when sent to the recipient by reputable express courier service (charges
prepaid) or four (4) business days after the date when mailed to the recipient by certified or registered mail, return receipt requested and postage prepaid. Such notices, demands and other communications will be sent to the Executive and to the
Company at the addresses set forth below. 
  

			
	If to the Executive:	  	To the last address delivered to the Company by the Executive in the manner set forth herein.

  

 -10- 

			
	If to the Company:	  	CONSOL Energy Inc.
	 	  	Consol Plaza
	 	  	1800 Washington Road
	 	  	Pittsburgh, PA 15241
		
	 	  	Attn: Compensation Committee
	
	Copies of notices to the Company shall also be sent to:
		
	 	  	Cahill Gordon & Reindel
	 	  	80 Pine Street
	 	  	New York, NY 10005
		
	 	  	Attn: Glenn J. Waldrip, Jr., Esq.

  
 or to such other address or to the
attention of such other person as the recipient party has specified by prior written notice to the sending party. 
  
 SECTION 10.08. Withholding. The Company may withhold from any amounts payable under this Agreement such federal, state, local or foreign taxes as
shall be required to be withheld pursuant to any applicable law or regulation. 
  
 SECTION 10.09. No Third Party Beneficiary. This Agreement will not confer any rights or remedies upon any person other than the Company, the Executive and their respective heirs, executors, successors and
assigns. 
  
 SECTION 10.10. Entire Agreement. This
Agreement constitutes the entire agreement among the parties and supersedes any prior understandings, agreements or representations by or among the parties, written or oral, that may have related in any way to the subject matter hereof, including,
without limitation, the Letter Agreement. Notwithstanding the foregoing, the Change in Control Agreement shall continue in full force and effect, in accordance with its terms. 
  
 SECTION 10.11. Legal Fees and Expenses. In the event that the Executive institutes any legal action to enforce his
rights under, or to recover damages for breach of this Agreement, the Executive, if he is the prevailing party, shall be entitled to recover from the Company reasonable attorneys’ fees and disbursements incurred by him. 
  
 SECTION 10.12. Construction. The language used in this Agreement will
be deemed to be the language chosen by the parties to express their mutual intent, and no rule of strict construction will be applied against any party. Any reference to any federal, state, local or foreign statute or law will be deemed also to
refer to all rules and regulations promulgated thereunder, unless the context requires otherwise. The use of the word “including” in this Agreement means “including without limitation” and is intended by the parties to be
by way of example rather than limitation. 
  
 SECTION 10.13.
Survival. Sections 5.02, 5.03, 5.04, 5.05, 5.08, 6.01, 7.01, 8.01, 9.01 and Article 10 hereof will survive and continue in full force in accordance with their 

  

 -11- 

 
terms notwithstanding any termination of the Employment Period, and the Agreement shall otherwise remain in full force to the extent necessary to enforce any
rights and obligations arising hereunder during the Employment Period. 
  
 SECTION 10.14. GOVERNING LAW. ALL QUESTIONS CONCERNING THE CONSTRUCTION, VALIDITY AND INTERPRETATION OF THIS AGREEMENT WILL BE GOVERNED BY THE INTERNAL LAW OF PENNSYLVANIA, WITHOUT REGARD TO PRINCIPLES OF CONFLICT OF LAWS.

  
 SECTION 10.15. Internal Revenue Code Section 409A. The
Company shall, to the extent necessary and only to the extent necessary, modify the timing of delivery of severance benefits hereunder if it is determined that the timing would subject the severance benefits to the additional tax and/or interest
assessed under Section 409A of the Code. 
  

 -12- 

 IN WITNESS WHEREOF, the parties hereto have executed this Agreement as of the date and year first above
written. 
  

			
	 CONSOL ENERGY INC.

		
	 By:
	 	 /s/ William P. Powell

	 Printed Name:
	 	 William P. Powell

	 Title:
	 	 Chairman of Compensation Committee

	
	 /s/ J. Brett Harvey

	 J. Brett Harvey

  

 -13-

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