Document:

Exhibit

	
		
	 
	Exhibit 10.6

COMPASS MINERALS INTERNATIONAL, INC.
 2015 INCENTIVE AWARD PLAN

RULES, POLICIES AND PROCEDURES
FOR EQUITY AWARDS GRANTED TO EMPLOYEES 

(February 23, 2016)

		
	1.
	Purpose

These Rules, Policies and Procedures (collectively “Plan Policies”) are adopted by the Compensation Committee of the Board of Directors of Compass Minerals International, Inc., and set forth the general rules of administration relating to the grant of Awards to Employees made pursuant to the Compass Minerals International, Inc. 2015 Incentive Award Plan (the “Plan”).  

If there is any conflict between the terms and conditions of the Plan Policies and any Award Agreement, the Plan Policies will control.
All capitalized terms used in these Plan Policies have the meaning set forth in the Plan, except to the extent otherwise specifically provided in this document.
The Committee may supplement the Plan Policies from time to time with additional polices governing specific items and set forth in a separate instrument.  Any such separate instrument shall be deemed to be a part of the Plan Policies set forth in this document.
The Committee reserves the right to amend or repeal all or any portion of the Plan Policies effective at any time without notice and subject to all applicable securities laws and future changes to such securities laws.
		
	2.
	Definitions.

With respect to any Award granted under the Plan, the following terms shall have the meaning set forth below unless such term is specifically defined otherwise in an applicable Award Agreement.  

		
	(a)
	“Cause” means, in connection with a Participant’s termination of employment, (i) the conviction of a Participant of, or plea of guilty or nolo contendere by the Participant to, a felony or misdemeanor involving moral turpitude, (ii) the indictment of a Participant for a felony or misdemeanor under federal securities laws, (iii) the willful misconduct or gross negligence by a Participant resulting in material harm to the Company or any Subsidiary, (iv) fraud, embezzlement, theft, or dishonesty by a Participant against the Company or any Subsidiary, or willful violation by the Participant of a policy or procedure of the Company or Subsidiary, resulting in any case in material harm to the Company or Subsidiary, or (v) breach of any confidentiality agreement, obligation or policy and/or breach of any restrictive covenant agreement, obligation or policy or similar agreement by and between the Participant and the Company or Subsidiary.  For purpose of the foregoing, no act or failure to act by a Participant shall be considered “willful” unless done or omitted to be done by the Participant in bad faith and without reasonable belief that the Participant’s action or omission was in the best interests of the Company or its Subsidiaries.  Any act, or failure to act, based upon authority given pursuant to a resolution duly adopted by the Board shall be conclusively presumed to be done, or omitted to be done, by the Participant in good faith and in the best interests of the Company. 

Notwithstanding the foregoing, with respect to any Participant who is a party to a Change in Control Severance Agreement with the Company or a Subsidiary, the term “Cause” shall have the same meaning as set forth in such Change in Control Severance Agreement.

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	(b)
	“Disability” means a Participant is unable to engage in any substantial gainful activity by reason of a medically determinable physical or mental impairment which can be expected to last for a continuous period of not less than twelve (12) months; or is, by reason of a medically determinable physical or mental impairment which can be expected to last for a continuous period of not less than twelve (12) months, receiving replacement benefits for a period of not less than three (3) months under an accident and health plan covering employees of the Company.

		
	(c)
	“Good Reason” means, in connection with a Participant’s termination of employment, the occurrence of any of the following events within 18 months (or 24 months for any Participant subject to a Change in Control Severance Agreement) after a Change of Control without a Participant’s express written consent:  (i) a material adverse change in the Participant’s duties or responsibilities as of the Change of Control (or as the same may be increased from time to time thereafter); provided, however, that “Good Reason” shall not be deemed to occur upon a change in the Participant’s reporting structure, upon a change in the Participant’s duties or responsibilities that is a result of the Company no longer being a publicly traded entity and does not involve any other event set forth in this definition, or upon a change in the Participant’s duties or responsibilities that is part of an across the board change in duties or responsibilities of employees at the Participant’s level; (ii) any material reduction in the Participant’s annual base salary or annual target or maximum bonus opportunity in effect as of the Change of Control (or as the same may be increased from time to time thereafter); provided, however, that “Good Reason” shall not include such a reduction of less than 10% that is part of an across the board reduction applicable to employees at the Participant’s level; (iii) Company’s  relocation of the Participant more than 50 miles from the Participant’s primary office location and more than 50 miles from the Participant’s principal residence as of the Change of Control; or (iv) any material breach of the Participant’s Award Agreement.  

Notwithstanding the foregoing, with respect to any Participant who is a party to a Change in Control Severance Agreement with the Company or a Subsidiary, the term “Good Reason” shall have the same meaning as set forth in such Change in Control Severance Agreement.
    
Notwithstanding the foregoing, a Participant must provide written notice of termination of employment to the Company within 90 days of the Participant’s initial knowledge of an event constituting termination for Good Reason (or such event shall not constitute termination for Good Reason under the Plan) and the Company shall have a period of at least 30 days to cure such event without triggering a termination for Good Reason.

		
	(d)
	“Retirement” means, with respect to an Employee, such Employee’s voluntary separation from service on or after attaining age sixty-two (62) with a combined age and years of service equal to or greater than sixty-seven (67).

		
	4.
	Termination of Employment.  Except as provided in paragraphs 5, 6, 7, 8 or 9 below, if a Participant’s employment with the Company and its Subsidiaries ends prior to the last day of an applicable vesting under the Award Agreement, then all further vesting shall cease as of the date of such termination and all unvested awards will be forfeited.  In the case of a Non-Qualified Stock Option, the Participant shall have 90 days to exercise such option (to the extent vested).

		
	5.
	Retirement.

		
	(a)
	Performance Stock Units.  If a Participant’s employment with the Company and its Subsidiaries ends prior to the last day of an applicable Performance Period due to Retirement, then the Performance Stock Units granted under an Award Agreement will be earned based on the Company’s actual performance for the entire Performance Period, but shall vest pro rata as of the date of Retirement (based on the number of months of service completed during the applicable Performance Period, treating any partial month as a completed month and rounding up to the nearest whole share).  Payment (if any) shall be made to the Participant at the same time and in the same manner that payment would 

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have been paid to the Participant had he or she remained in employed through the end of the Performance Period; provided that payment will be delayed to the extent necessary to comply with Section 409A of the Code.1 

		
	(b)
	Restricted Stock Units.  If a Participant’s employment with the Company and its Subsidiaries ends prior to the last day of an applicable vesting date due to Retirement, then any unvested Restricted Stock Units granted under the Award Agreement will vest pro rata as of the date of Retirement (based on the number of months of service completed during the applicable vesting period, treating any partial month as a completed month and rounding up to the nearest whole share) and will be paid at the same time and in the same manner that such Award would have been paid to the Participant had he or she remained in employed through the vesting date under the Award Agreement; provided that payment is conditioned upon satisfaction of all applicable performance goals and will be delayed to the extent necessary to comply with Section 409A of the Code.2  

		
	(c)
	Non-Qualified Stock Options.  If a Participant’s employment with the Company and its Subsidiaries ends prior to the last day of the applicable vesting period due to Retirement, then any unvested Non-Qualified Stock Options granted under such Award Agreement will vest pro rata as of the date of Retirement (based on the number of months of service completed during the applicable vesting period, treating any partial month as a completed month and rounding up to the nearest whole share); and the Participant shall have until the expiration of the third (3rd) anniversary of his or her Retirement to exercise any vested Non-Qualified Stock Options.3  

		
	6.
	Death.

		
	(a)
	Performance Stock Units.  If a Participant’s employment with the Company and its Subsidiaries ends prior to the last day of an applicable Performance Period due to death, then the Performance Stock Units granted under the Award Agreement will be 100% vested and paid “at target” within 60 days of the Participant’s death.

		
	(b)
	Restricted Stock Units.  If a Participant terminates employment with the Company and its Subsidiaries prior to the last day of an applicable vesting date due to death, then the Restricted Stock Units granted under the Award Agreement will be 100% vested and paid within 60 days of the Participant’s death.

		
	(c)
	Non-Qualified Stock Options.  If a Participant terminates employment with the Company and its Subsidiaries prior to the last day of the applicable vesting period due to death, then any unvested Non-Qualified Stock Options granted under such Award Agreement will vest pro rata as of the date of death (based on the number of months of service completed during the applicable vesting period, treating any partial month as a completed month and rounding up to the nearest whole share); and the Participant’s beneficiary shall have until the expiration of the third (3rd) anniversary of the Participant’s death to exercise any vested Non-Qualified Stock Options.

1  Example: Assume a participant is granted 1,000 units and retires 12 months into the 36 month performance period.  Also assume that the performance hurdles are met at 120% of target at the end of the 36 month performance period.  Under these facts, the retired participant would receive a payout of 1,200 units x 12/36 months = 400 shares following the end of the 36 month performance period.
2  Example: Assume a participant is granted 1,000 units and retires 24 months into the 36 month vesting period.  Also assume that the performance hurdle is met for the first year.  Under these facts, the retired participant would receive a payout of 1,000 units x 24/36 months = 667 shares following the end of the 36 month vesting period. 
3  Example: Assume a participant is granted 100 options which vest 25% per year over four years.  Also assume the participant retires 18 months after the grant date.  Under these facts, the retired participant will be vested in 38 options (25 attributable to year one and 13 attributable to year two). The remaining options (62 in total) would be forfeited.  The participant will have 36 months to exercise his or her vested options.

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	7.
	Disability.  

		
	(a)
	Performance Stock Units.  If a Participant’s employment with the Company and its Subsidiaries ends prior to the last day of an applicable Performance Period due to Disability, then the Performance Stock Units granted under an Award Agreement will not be forfeited but instead will continue to vest and will be paid at the same time and in the same manner that such Award would have been paid to the Participant had he or she remained in employed through the end of the Performance Period; provided that payment will be delayed to the extent necessary to comply with Section 409A of the Code.

		
	(b)
	Restricted Stock Units.  If a Participant terminates employment with the Company and its Subsidiaries prior to the last day of an applicable vesting date due to Disability, then any Restricted Stock Units granted under the Award Agreement will not be forfeited but instead will continue to vest and will be paid at the same time and in the same manner that such Award would have been paid to the Participant had he or she remained in employed through such vesting date; provided that payment is conditioned upon satisfaction of all applicable performance goals and will be delayed to the extent necessary to comply with Section 409A of the Code. 

		
	(c)
	Non-Qualified Stock Options.  If a Participant terminates employment with the Company and its Subsidiaries prior to the last day of the applicable vesting period due to Disability, then any Non-Qualified Stock Options granted under the Award Agreement will not be forfeited but instead will continue to vest and must be exercised no later than the third (3rd) anniversary of the Participant’s Disability.  

		
	8.
	Change of Control.  

		
	(a)
	Restricted Stock Units.  If in connection with a Change of Control:  (i) a Participant’s Restricted Stock Units are not assumed or an economically equivalent right is not substituted by the surviving or successor entity immediately after such Change in Control, or (ii) a Participant is involuntarily terminated without Cause or terminates for Good Reason in either case within 18 months (or 24 months for any Participant subject to a Change in Control Severance Agreement) following such Change of Control and prior to the end of the applicable restriction period, then such Restricted Stock Units shall become immediately vested and shall be paid within 30 days following the effective date of such Change of Control or termination of employment (as applicable).  Notwithstanding the foregoing, if payment is made pursuant to clause (i) above and the Change of Control event does not constitute a “change in control” within the meaning of Section 409A of the Code, then payment will be delayed until the applicable vesting date or, if earlier, the Participant’s termination of employment following the Change of Control event.

		
	(b)
	Performance Stock Units.  If in connection with a Change of Control:  (a) a Participant’s Performance Stock Units are not assumed or an economically equivalent right is not substituted by the surviving or successor entity, or (b) a Participant is involuntarily terminated without Cause or terminates for Good Reason in either case within 18 months (or 24 months for any Participant subject to a Change in Control Severance Agreement) of such Change of Control and prior to the end of the applicable Performance Period, then the number of Performance Stock Units earned with respect to the Performance Period shall be determined based on the Company’s actual performance through the effective date of such Change of Control or termination of employment (as applicable), or the most recent practicable measurement date if performance data is not available through such date.  The Participant shall then receive, within 30 days following such Change in Control or termination of employment (as applicable), a number of shares of Stock of the Company or stock of the surviving or successor entity (in certificate or book entry form and rounded to the nearest whole share) equal to the number of Performance Stock Units determined to have been earned; provided, however, payment shall be made in cash if the Stock of the Company or the stock of the surviving or successor 

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entity with respect to which such Stock is converted is not traded on a national securities exchange or automated dealer quotation system.

		
	(c)
	Non-Qualified Stock Options.  If in connection with a Change of Control:  (i) a Participant’s Non-Qualified Stock Options are not assumed or an economically equivalent right is not substituted by the surviving or successor entity immediately after such Change in Control, or (ii) a Participant is involuntarily terminated without Cause or terminates for Good Reason in either case within 18 months (or 24 months for any Participant subject to a Change in Control Severance Agreement) following such Change of Control and prior to the end of the applicable vesting period, then such Non-Qualified Stock Options shall become immediately vested and exercisable.  If the Participant is involuntarily terminated without Cause or terminates for Good Reason, he will have one (1) year following such termination to exercise the Non-Qualified Stock Options.  

		
	9.
	Involuntary Termination for Cause.  If a Participant’s employment with the Company and its Subsidiaries ends due to termination for Cause, then all outstanding Awards (irrespective of whether or not vested) shall be immediately forfeited and shall have no further force or effect.  

		
	10.
	Exercise of Non-Qualified Stock Options. A Participant may exercise Non-Qualified Stock Options by delivering to the Company (or its authorized agent), during the period in which such Non-Qualified Stock Options are exercisable, (i) a notice, which may be electronic, of the Participant’s intent to purchase a specific number of shares of Stock pursuant to an Award Agreement (a “Notice of Exercise”), and (ii) full payment of the price per share of Stock (“Option Price”) for such specific number of shares of Stock.  Payment may be made by any one or more of the following means:

		
	(a)
	cash, personal check, or wire transfer;

		
	(b)
	if approved and permitted by the Committee, shares of Stock, owned by the Participant, with a Fair Market Value on the date of exercise equal to the Option Price, which such shares of Stock must be fully paid, non-assessable, and free and clear from all liens and encumbrances;

		
	(c)
	if approved and permitted by the Committee, through the sale of the shares of Stock acquired on exercise of Non-Qualified Stock Options through a broker to whom the Participant has submitted irrevocable instructions to deliver promptly to the Company an amount sufficient to pay for such shares of Stock, together with, if required by the Company, the minimum statutory amount of federal, state, local or foreign withholding taxes payable by reason of such exercise. A copy of such delivery instructions must also be delivered to the Company by you with the notice of exercise; or

		
	(d)
	if approved and permitted by the Committee, with Restricted Stock Units owned by the Participant with a Fair Market Value on the date of exercise equal to the Option Price, in which case an equal number of shares of Stock delivered on exercise of the Non-Qualified Stock Options will carry the same restrictions as the Restricted Stock Units tendered to pay the exercise price.

If a Participant’s right to exercise an Option expires during a blackout trading period and Participant is prohibited from exercising the Option during such period due to trading restrictions, the Participant will have an additional thirty (30) days following the expiration of such blackout period to exercise the Option.  
		
	11.
	  Dividend Equivalents.  

		
	(a)
	Performance Stock Units.  A Participant who has been granted Dividend Equivalents with respect to his or her Performance Stock Units shall be entitled to receive Dividend Equivalents based upon the number of Performance Stock Units vested and earned by the Participant pursuant to the Award Agreement.  Such Dividend Equivalents shall be paid in cash (or other property being distributed) at the same time payment is made with respect to the Participant’s Performance Stock Units.  

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	(b)
	Restricted Stock Units.  A Participant who has been granted Dividend Equivalents with respect to his or her Restricted Stock Units shall be entitled to receive Dividend Equivalents based upon the number of Restricted Stock Units subject to the Award.  Dividend Equivalents shall be paid in cash (or other property being distributed) no later than March 15 of the year following the year with respect to which such Dividend Equivalents relate; provided that (i) the Participant must be employed on the record date to receive Dividend Equivalents with respect to such record date, and (ii) payment shall be conditioned upon the satisfaction of any performance hurdle set forth in the Award Agreement.  

		
	(c)
	Non-Qualified Stock Options.  No Dividend Equivalents will be paid with respect to Non-Qualified Stock Options.  

		
	12.
	Beneficiary Designations.  Each Participant may designate a death beneficiary  with respect to any Award granted under the Plan on such forms or in such manner designated by the Committee.  In the absence of such beneficiary designation, a married Participant’s surviving spouse and an unmarried Participant’s estate shall be deemed to be the Participant’s beneficiary for purposes of the Plan.  With respect to any Award subject to Section 409A of the Code, payment will be made within 60 days following the Participant’s death. 

		
	13.
	Miscellaneous.

		
	(a)
	Fractional Shares. The Company shall not be required to issue any fractional Shares. The Committee shall determine, in its discretion, whether cash shall be given in lieu of fractional shares or whether fractional shares shall be eliminated by rounding up or down as appropriate.

		
	(b)
	Restrictions on Transfer.  No Award may be assigned, transferred or otherwise disposed of except by will or the laws of descent and distribution.  Upon any attempt to assign, transfer or otherwise dispose of an Award, or any right or privilege conferred thereby, or upon any attempted sale under any execution, attachment or similar process, any rights and privileges conferred under the applicable Award Agreement shall be immediately null and void.

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

		
	(d)
	Changes in Circumstances.  Each Participant assumes all risks incident to any change in the applicable laws or regulations or incident to any change in the value of an Award, or the shares of Stock issued pursuant thereto, after the date of grant.

		
	(e)
	Conflict Between  Plan and an Award Agreement.  In the event of a conflict between an Award Agreement and the Plan, the provisions of the Plan shall govern.  In the event of any inconsistencies between the definitions and other terms and conditions under a Participant’s employment agreement, if any, and an Award Agreement or the Plan, the Participant’s employment agreement shall control.

		
	(f)
	Committee Authority.  The Committee will have the power and discretion to interpret an Award Agreement and to adopt such rules for the administration, interpretation and application of an Award Agreement (including rules not described herein) as are consistent with the Plan and an Award Agreement.  All actions taken and all interpretations and determinations made by the Committee in good faith will be final and binding upon a Participant, the Company and all other interested persons.  No member of the Committee will be personally liable for any action, determination or interpretation made in good faith with respect to an Award Agreement.

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

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If to the Company:  Compass Minerals International, Inc., 9900 West 109th Street, Suite 100, Overland Park KS 66210, Attn: Senior Vice President Corporate Services
If to a Participant:   At the Participant’s address on file with the Company.
Any such notice or communications shall be deemed to have been received (a) in the case of personal delivery, on the date of such delivery (or if such date is not a business day, on the next business day after the date of delivery), (b) in the case of nationally-recognized overnight courier, on the next business day after the date sent, (c) the case of telecopy transmission, when received (or if not sent on a business day, on the next business day after the date sent), and (d) in the case of mailing, on the third business day following that on which the piece of mail containing such communication is posted.
		
	(h)
	No Guarantee of Employment.  Nothing in an Award Agreement shall confer upon any Participant any right to continue in the employ of the Company or any Subsidiary or interfere in any way with the right of the Company or Subsidiary, as the case may be, to sever the Participant’s employment or to increase or decrease the Participant’s compensation at any time.

		
	(i)
	Governing Law.  Each Award and Award Agreement shall be governed under the laws of the State of Delaware without regard to the principles of conflicts of laws.  The United States District Court for the District of Kansas (Kansas City, Kansas) shall be the exclusive jurisdiction for resolving any dispute relating to an Award under the Plan.  As a condition of receiving an Award, each Participant irrevocably waives, to the fullest extent permitted by law, any objections that such Participant may have to the aforesaid venue, including without limitation any claim that any such proceeding brought in such court has been brought in an inconvenient forum.

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

		
	(k)
	Participant’s Undertaking.  As a condition of receiving an Award, each Participant agrees to take whatever additional actions and execute whatever additional documents the Company may in its reasonable judgment deem necessary or advisable in order to carry out or effectuate one or more of the obligations or restrictions imposed on the Participant pursuant to the express provisions of an Award Agreement or the Plan.

		
	(l)
	Unfunded Obligation.  Each Award Agreement is designed and shall be administered at all times as an unfunded arrangement and each Participant shall be treated as an unsecured general creditor and shall have no beneficial ownership of any assets of the Company.

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

		
	(n)
	Waiver of Breach.  The waiver by either party of a breach of any provision of  an Award Agreement must be in writing and shall not operate or be construed as a waiver of any other or subsequent breach.

		
	(o)
	Waiver of Jury Trial.  As a condition of receiving an Award, each Participant irrevocably and unconditionally waives, to the fullest extent it may legally and effectively do so, trial by jury in any suit, action or proceeding arising hereunder

		
	(p)
	Restrictive Covenant.  Notwithstanding any provision in an Award Agreement to the contrary, each Award granted under the Plan to an Employee is expressly conditioned upon such Employee’s 

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execution of a Restricted Covenant Agreement in the form designated by and acceptable to the Company in its sole discretion.  If an Employee fails or refuses to execute such Restricted Covenant Agreement, then each Award Agreement shall be null and void ab initio.
		
	(q)
	Compliance with Section 409A.  To the extent applicable and notwithstanding any provision of an Award Agreement to the contrary, an Award Agreement shall be interpreted and administered in accordance with Section 409A of the Internal Revenue Code and regulations and other guidance issued thereunder.  For purposes of determining whether any payment made pursuant to the Plan results in a "deferral of compensation" within the meaning of Treasury Regulation §1.409A-1(b), the Company shall maximize the exemptions described in such section, as applicable.  Any reference to a “termination of employment” or “termination of service” or similar term or phrase shall be interpreted as a “separation from service” within the meaning of Section 409A and the regulations issued thereunder.  If any deferred compensation payment is payable upon separation from service and is required to be delayed pursuant to Section 409A(a)(2)(B) because a Participant is a “specified employee”, then payment of such amount shall be delayed for a period of six months and paid in a lump sum on the first payroll payment date following expiration of such six month period.  If the time for payment of any amount subject to Section 409A spans the beginning of a taxable year, then payment shall be made in the second taxable year.

		
	(r)
	Compliance with Other Company Policies and Laws.  Each Participant accepts any Award or Awards subject to compliance with the Company’s additional corporate policies, procedures and guidelines, including without limitation the Company’s Stock Ownership Guidelines, and the Policy Statement on Securities Law Compliance, as well as applicable securities laws.

8Exhibit

Exhibit 10.1

SECOND AMENDMENT TO  
AMENDED AND RESTATED LOAN AND SECURITY AGREEMENT

THIS SECOND AMENDMENT TO AMENDED AND RESTATED LOAN AND SECURITY AGREEMENT (this “Amendment”), dated as of April 29, 2016, is by and among ADVANCED MICRO DEVICES, INC., a Delaware corporation (“Parent”), AMD INTERNATIONAL SALES & SERVICE, LTD., a Delaware corporation (“AMDISS”; together with Parent each, individually, a “Borrower” and, collectively, the “Borrowers”), ATI TECHNOLOGIES ULC, an Alberta unlimited liability corporation (the “Canadian Guarantor” and together with the Borrowers, the “Obligors”), the Lenders (as defined below) party hereto, and BANK OF AMERICA, N.A., as agent for the Lenders (in such capacity, the “Agent”).  Capitalized terms used herein and not otherwise defined herein shall have the meanings ascribed thereto in the Loan Agreement (defined below).

W I T N E S S E T H

WHEREAS, the Obligors, certain banks and financial institutions from time to time party thereto (the “Lenders”), and the Agent are parties to that certain Amended and Restated Loan and Security Agreement dated as of April 14, 2015, and amended by that certain First Amendment to Amended and Restated Loan and Security Agreement dated as of June 10, 2015 (as amended, modified, extended, restated, replaced, or supplemented from time to time, the “Loan Agreement”); 

WHEREAS, the Obligors have requested that Agent, with the consent of the Required Lenders, amend certain provisions of the Loan Agreement; and

WHEREAS, the Required Lenders are willing to make such amendments to the Loan Agreement, in accordance with and subject to the terms and conditions set forth herein.

NOW, THEREFORE, in consideration of the agreements hereinafter set forth, and for other good and valuable consideration, the receipt and adequacy of which are hereby acknowledged, the parties hereto agree as follows:

ARTICLE I 
AMENDMENTS TO LOAN AGREEMENT

1.1    Amendments to Definitions.

 (a)    Section 1.1 of the Loan Agreement is hereby amended by adding the following definitions in appropriate alphabetical order:

“Bail-In Action”: the exercise of any Write-Down and Conversion Powers by the applicable EEA Resolution Authority in respect of any liability of an EEA Financial Institution.
“Bail-In Legislation”: with respect to any EEA Member Country implementing Article 55 of Directive 2014/59/EU of the European Parliament and of the Council of the European Union, the 

Exhibit 10.1

implementing law for such EEA Member Country from time to time which is described in the EU Bail-In Legislation Schedule.
“EEA Financial Institution”: (a) any credit institution or investment firm established in any EEA Member Country which is subject to the supervision of an EEA Resolution Authority, (b) any entity established in an EEA Member Country which is a parent of an institution described in clause (a) of this definition, or (c) any financial institution established in an EEA Member Country which is a subsidiary of an institution described in clauses (a) or (b) of this definition and is subject to consolidated supervision with its parent.
“EEA Member Country”: any of the member states of the European Union, Iceland, Liechtenstein, and Norway.
“EEA Resolution Authority”: any public administrative authority or any person entrusted with public administrative authority of any EEA Member Country (including any delegee) having responsibility for the resolution of any EEA Financial Institution.
“EU Bail-In Legislation Schedule”: the EU Bail-In Legislation Schedule published by the Loan Market Association (or any successor person), as in effect from time to time.    
“JV Inventory Agreement”:  (a) an Inventory Agreement by and among the Obligors, on the one hand, and Advanced Micro Devices Export SDN. BHD., on the other hand, and (b) an Inventory Agreement by and among the Obligors, on the one hand, and AMD Technologies (China) Co., Ltd., on the other hand, in each case, executed and delivered in replacement of the Subsidiary Inventory Agreements to which such Persons were party as of the Second Amendment Effective Date and in form and substance reasonably satisfactory to Agent.
“Second Amendment Effective Date”:  April 29, 2016.
“Specified JVs”: upon the effectiveness of the sale by Parent of a majority of the Equity Interests therein pursuant to that certain Equity Interest Purchase Agreement dated as of October 15, 2015, by and among Parent and Nantong Fujitsu Microelectronics Co., Ltd., (a) Advanced Micro Devices Export SDN. BHD. and (b) AMD Technologies (China) Co., Ltd.
“Write-Down and Conversion Powers”: with respect to any EEA Resolution Authority, the write-down and conversion powers of such EEA Resolution Authority from time to time under the Bail-In Legislation for the applicable EEA Member Country, which write-down and conversion powers are described in the EU Bail-In Legislation Schedule.
(b)    Clause (q) of the definition of “Eligible Account” in Section 1.1 of the Loan Agreement is hereby amended so that it reads, in its entirety, as follows:
(q)    it arises out of the sale of Inventory that was at any time prior to such sale owned, in whole or in part, by or consigned, in whole or in part, to a Subsidiary (other than AMDISS or the Canadian Guarantor) or a Specified JV, unless such Subsidiary or Specified JV is party to a Subsidiary Inventory Agreement or JV Inventory Agreement, as applicable; or  
(c)    The definition of “Defaulting Lender” in Section 1.1 of the Loan Agreement is hereby amended so that it reads, in its entirety, as follows:

“Defaulting Lender”: subject to Section 4.2.3, any Lender that (a) has failed to (i) fund all or any portion of its Loans within two Business Days of the date such Loans were required to be funded hereunder unless such Lender notifies the Administrative Agent and the Borrower Agent in 

2

Exhibit 10.1

writing that such failure is the result of such Lender’s determination that one or more conditions precedent to funding (each of which conditions precedent, together with any applicable default, shall be specifically identified in such writing) has not been satisfied, or (ii) pay to the Administrative Agent, the Issuing Bank, or any other Lender any other amount required to be paid by it hereunder (including in respect of its participation in Letters of Credit or Swingline Loans) within two Business Days of the date when due, (b) has notified the Borrower Agent, the Administrative Agent, or the Issuing Bank in writing that it does not intend to comply with its funding obligations hereunder, or has made a public statement to that effect (unless such writing or public statement relates to such lender’s obligation to fund a Loan hereunder and states that such position is based on such Lender’s determination that a condition precedent to funding (which condition precedent, together with any applicable default, shall be specifically identified in such writing or public statement) cannot be satisfied), (c) has failed, within three Business Days after written request by the Administrative Agent or the Borrower Agent, to confirm in writing to the Administrative Agent and the Borrower Agent that it will comply with its prospective funding obligations hereunder (provided that such Lender shall cease to be a Defaulting lender pursuant to this clause (c) upon receipt of such written confirmation by the Administrative Agent and the Borrower Agent), or (d) has, or has a direct or indirect parent company that has, (i) become the subject of a proceeding under any Insolvency Laws, or (ii) had appointed for it a receiver, custodian, conservator, trustee, administrator, assignee for the benefit of creditors or similar Person charged with reorganization or liquidation of its business or assets, including the Federal Deposit Insurance Corporation or any other state or federal regulatory authority acting in such a capacity, or (iii) become the subject of a Bail-in Action; provided that a Lender shall not be a Defaulting Lender solely by virtue of the ownership or acquisition of any Equity Interest in that Lender or any direct or indirect parent company thereof by a Governmental Authority so long as such ownership interest does not result in or provide such Lender with immunity from the jurisdiction of courts within the United States or from the enforcement of judgments or writs of attachment on its assets or permit such Lender (or such Governmental Authority) to reject, repudiate, disavow or disaffirm any contracts or agreements made with such Lender.  Any determination by the Administrative Agent that a Lender is a Defaulting Lender under any one or more of clauses (a) through (d) above, and of the effective date of such status, shall be conclusive and binding absent manifest error, and such Lender shall be deemed to be a Defaulting Lender (subject to Section 4.2.3) as of the date established therefor by the Administrative Agent in a written notice of such determination, which shall be delivered by the Administrative Agent to the Borrower Agent, the Issuing Bank, and each other Lender promptly following such determination.

1.2    Amendments to Section 4.2.3.  Section 4.2.3 of the Loan Agreement is hereby amended so that it reads, in its entirety, as follows:

4.2.3.    Status; Cure.  Agent may determine in its discretion that a Lender constitutes a Defaulting Lender and the effective date of such status shall be conclusive and binding on all parties, absent manifest error.  Borrowers, Agent and Issuing Bank may agree in writing that a Lender has ceased to be a Defaulting Lender, whereupon Pro Rata shares shall be reallocated without exclusion of the reinstated Lender’s Commitments and Loans, and the Revolver Usage and other exposures under the Revolver Commitments shall be reallocated among Lenders and settled by Agent (with appropriate payments by the reinstated Lender, including payment of any breakage costs for reallocated LIBOR Loans) in accordance with the readjusted Pro Rata shares.  Subject to Section 14.21, unless expressly agreed by Borrowers, Agent and Issuing Bank, no reinstatement of a Defaulting Lender or reallocation of a Defaulting Lender’s Pro Rata shares of Commitments or Loans as provided in this Section 4.2 shall constitute a waiver or release of claims against such Lender.  The failure of any Lender to fund a Loan, to make a payment in respect of LC Obligations or otherwise to perform obligations hereunder shall not relieve any other Lender of its obligations under any Loan Document, and no Lender shall be responsible for default by another Lender.

3

Exhibit 10.1

1.3    Amendments to Section 9.1.  Section 9.1 of the Loan Agreement is hereby amended by adding the following as a new Section 9.1.25 at the end thereof:

9.1.25    Not an EEA Financial Institution.   No Obligor is an EEA Financial Institution.

1.4    Amendments to Section 10.2.3.  Section 10.2.3(c) of the Loan Agreement is hereby amended so that it reads, in its entirety, as follows:

(c)  Amend, supplement or otherwise modify, directly or indirectly, any Subsidiary Inventory Agreement or JV Inventory Agreement or the terms thereof without the prior written consent of Agent.

1.5    Amendments to Permitted Asset Dispositions.  Section 10.2.6 of the Loan Agreement is hereby amended so that it reads, in its entirety, as follows: 

10.2.6.    Disposition of Assets.  (a) make any Asset Disposition, except (i) a Permitted Asset Disposition, (ii) a transfer of Property by an Obligor to an Obligor, (iii) a transfer of Property (other than Collateral, except as permitted by clause (c) below) by an Obligor to a Subsidiary, (iv) an Asset Disposition permitted by clause (c) below, or (v) an Asset Disposition at a time when the Payment Conditions were satisfied immediately before and after giving effect thereto, (b) sell, factor, securitize, or otherwise transfer Accounts or any Obligor’s rights therein, or enter into any arrangement to do the foregoing, other than (i) the granting of Liens or other transfers to the Agent pursuant to the Loan Documents and (ii) the sale of Qualified Factor Accounts in a Permitted Asset Disposition pursuant to clause (e) of the definition thereof, or (c) sell or otherwise transfer Inventory or any Obligor’s rights therein, or enter into any arrangement to do the foregoing, other than (i) the granting of Liens or other transfers to the Agent pursuant to the Loan Documents, (ii) the granting of Liens permitted by Section 10.2.2(a)(i), (iii) the sale, assignment or other transfer of Inventory to customers in the Ordinary Course of Business, (iv) the sale or transfer of Inventory to Subsidiaries of Parent in the Ordinary Course of Business so long as such Subsidiary is party to, and such Inventory is subject to, a Subsidiary Inventory Agreement, or (v) the sale or transfer of Inventory to the Specified JVs in the Ordinary Course of Business so long as such Specified JVs are party to, and such Inventory is subject to, a JV Inventory Agreement.

1.6    Amendments to Section 14.  Section 14 of the Loan Agreement is amended by adding the following as a new Section 14.21 at the end thereof:

Section 14.21 Acknowledgement and Consent to Bail-In of EEA Financial Institutions.  Notwithstanding anything to the contrary in any Loan Document or in any other agreement, arrangement or understanding among any such parties, each party hereto acknowledges that any liability of any Lender that is an EEA Financial Institution arising under any Loan Document, to the extent such liability is unsecured, may be subject to the write-down and conversion powers of an EEA Resolution Authority and agrees and consents to, and acknowledges and agrees to be bound by:

(a)    the application of any Write-Down and Conversion Powers by an EEA Resolution Authority to any such liabilities arising hereunder which may be payable to it by any Lender that is an EEA Financial Institution; and

(b)    the effects of any Bail-in Action on any such liability, including, if applicable:

(i)   a reduction in full or in part or cancellation of any such liability;

4

Exhibit 10.1

(ii) a conversion of all, or a portion of, such liability into shares or other instruments of ownership in such EEA Financial Institution, its parent undertaking, or a bridge institution that may be issued to it or otherwise conferred on it, and that such shares or other instruments of ownership will be accepted by it in lieu of any rights with respect to any such liability under this Agreement or any other Loan Document; or

(iii)  the variation of the terms of such liability in connection with the exercise of the write-down and conversion powers of any EEA Resolution Authority.

ARTICLE II 
CONDITIONS TO EFFECTIVENESS

2.1    Closing Conditions.  This Amendment shall become effective as of the day and year set forth above (the “Amendment Effective Date”) upon satisfaction of the following conditions (in each case, in form and substance reasonably acceptable to the Agent):

(a)    Executed Amendment.  The Agent shall have received a copy of this Amendment duly executed by each of the Obligors, the Required Lenders and the Agent.

(b)    Default.  Before and after giving effect to this Amendment, no Default or Event of Default shall exist.

(c)    Fees and Expenses.  The Agent shall have received from the Borrowers (or shall be satisfied with arrangements made for the payment thereof) such fees and expenses that are payable in connection with the consummation of the transactions contemplated hereby pursuant to the terms of the Loan Agreement, provided, that neither Agent nor any Lender shall be entitled to a fee in respect of this Amendment.

ARTICLE III 
MISCELLANEOUS

3.1    Amended Terms.  On and after the Amendment Effective Date, all references to the Loan Agreement in each of the Loan Documents shall hereafter mean the Loan Agreement as amended by this Amendment.  Except as specifically amended hereby or otherwise agreed, the Loan Agreement is hereby ratified and confirmed and shall remain in full force and effect according to its terms.

3.2    Representations and Warranties of Obligors.  Each of the Obligors represents and warrants as follows:

(a)    It has taken all necessary action to authorize the execution, delivery and performance of this Amendment.

(b)    This Amendment has been duly executed and delivered by such Obligor and constitutes such Obligor’s legal, valid and binding obligation, enforceable in accordance 

5

Exhibit 10.1

with its terms, except as enforceability may be limited by bankruptcy, insolvency or similar laws affecting the enforcement of creditors’ rights generally.

(c)    No consent, approval, authorization or order of, or filing, registration or qualification with, any court or governmental authority or third party is required in connection with the execution, delivery or performance by such Obligor of this Amendment that has not already been obtained or made.

(d)    The representations and warranties set forth in Section 9 of the Loan Agreement are true and correct in all material respects as of the date hereof (except for those which expressly relate to an earlier date).

(e)    Immediately before and after giving effect to this Amendment, no event has or will have occurred and be continuing which constitutes a Default or an Event of Default.

3.3    Reaffirmation of Obligations.  Each Obligor hereby ratifies the Loan Agreement and acknowledges and reaffirms (a) that it is bound by all terms of the Loan Agreement and the other Loan Documents applicable to it and (b) that it is responsible for the observance and full performance of its respective Obligations.

3.4    Loan Document.  This Amendment shall constitute a Loan Document under the terms of the Loan Agreement.

3.5    Expenses.  The Borrowers agree to pay costs and expenses of the Agent in connection with the preparation, execution and delivery of this Amendment pursuant to the terms of the Loan Agreement.

3.6    Further Assurances.  The Obligors agree to promptly take such action, upon the request of the Agent, as is necessary to carry out the provisions of this Amendment.

3.7    Entirety.  This Amendment and the other Loan Documents embody the entire agreement among the parties hereto and supersede all prior agreements and understandings, oral or written, if any, relating to the subject matter hereof.

3.8    Counterparts; Telecopy.  This Amendment may be executed in any number of counterparts, each of which when so executed and delivered shall be an original, but all of which shall constitute one and the same instrument. Delivery of an executed counterpart of a signature page of this Amendment or any other document required to be delivered hereunder, by fax transmission or e-mail transmission (e.g. “pdf” or “tif”) shall be effective as delivery of a manually executed counterpart of this Amendment.  Without limiting the foregoing, upon the request of any party, such fax transmission or e-mail transmission shall be promptly followed by such manually executed counterpart.

3.9    No Actions, Claims, Etc.  As of the date hereof, each of the Obligors hereby acknowledges and confirms that it has no knowledge of any actions, causes of action, claims, 

6

Exhibit 10.1

demands, damages and liabilities of whatever kind or nature, in law or in equity, against the Agent, the Lenders, or the Agent’s or the Lenders’ respective officers, employees, representatives, agents, counsel or directors arising from any action by such Persons, or failure of such Persons to act under the Loan Agreement on or prior to the date hereof.  

3.10    GOVERNING LAW.  THIS AMENDMENT SHALL BE GOVERNED BY, AND SHALL BE CONSTRUED AND ENFORCED IN ACCORDANCE WITH THE LAWS OF THE STATE OF CALIFORNIA, WITHOUT GIVING EFFECT TO ANY CONFLICT OF LAW PRINCIPLES EXCEPT FEDERAL LAWS RELATING TO NATIONAL BANKS.

3.11    Successors and Assigns.  This Amendment shall be binding upon and inure to the benefit of the parties hereto and their respective successors and assigns.

3.12    Consent to Forum; Service of Process; Waiver of Jury Trial.  The provisions set forth in Sections 14.15 and 14.16 of the Loan Agreement are hereby incorporated by reference, mutatis mutandis.

[REMAINDER OF PAGE INTENTIONALLY LEFT BLANK]

7

Exhibit 10.1

IN WITNESS WHEREOF the parties hereto have caused this Amendment to be duly executed on the date first above written.

		
	OBLIGORS:
	ADVANCED MICRO DEVICES, INC., a Delaware corporation

By:    /s/Devinder Kumar        
Name:    Devinder Kumar
Title:    Senior Vice President,
Chief Financial Officer and
Treasurer

AMD INTERNATIONAL SALES & SERVICE, LTD., a Delaware corporation

By:    /s/Devinder Kumar        
Name:    Devinder Kumar
Title:    Chief Financial Officer

ATI TECHNOLOGIES ULC, an Alberta unlimited liability corporation

By:    /s/Devinder Kumar        
Name:    Devinder Kumar
Title:    President & CEO

        

Exhibit 10.1

		
	AGENT AND LENDERS:
	BANK OF AMERICA, N.A., as Agent and a Lender

By: /s/Ron Bornstein        
Name: Ron Bornstein
Title: Senior Vice President

        

Exhibit 10.1

WELLS FARGO BANK, NATIONAL ASSOCIATION, as a Lender

By:  /s/Reza Sabahi 
Name: Reza Sabahi
Title: Authorized Signatory

        

Exhibit 10.1

BARCLAYS BANK PLC, as a Lender

By: /s/Vanessa A. Kurbatskiy    
Name: Vanessa A. Kurbatskiy
Title: Vice President

        

Exhibit 10.1

JPMORGAN CHASE BANK, N.A., as a Lender

By: /s/John G. Kowalczuk    
Name: John G. Kowalczuk
Title: Executive Director

        

Exhibit 10.1

PNC BANK, NATIONAL ASSOCIATION, as a Lender

By:  /s/ Neil Otte
Name: Neil Otte
Title: Relationship Manager

        

Exhibit 10.1

MORGAN STANLEY SENIOR FUNDING, INC., as a Lender

By: /s/Jonathan Kerner 
Name: Jonathan Kerner
Title: Vice President

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