Document:

EX-10.1

 Exhibit 10.1 

AMENDMENT TO EMPLOYMENT AGREEMENT 

This AMENDMENT TO EMPLOYMENT AGREEMENT (this “Amendment”) is made on the 9th day of November 2020 by and between LINDSAY
CORPORATION, a Delaware corporation (the “Company” or “Lindsay”), and Randy Wood (the “Executive”), to become effective on January 1, 2021 (the “Promotion Effective Date”). 

WITNESSETH: 
 WHEREAS, the
Company desires to promote the Executive from the office of Chief Operating Officer to the offices of President and Chief Executive Officer, and the Executive desires to accept such promotion, effective as of the Promotion Effective Date; and 

WHEREAS, in connection therewith, the Company and the Executive desire to amend the Executive’s existing Employment Agreement, dated
August 17, 2020 (the “Agreement”). 
 NOW, THEREFORE, in consideration of the foregoing and the mutual promises and
agreements hereinafter set forth, the Company and the Executive agree as follows, effective as of the Promotion Effective Date: 

1.    Position and Responsibilities. Section 1.1 of the Agreement is hereby amended and
restated in its entirety as follows: 
 The Company hereby employs the Executive to render full-time exclusive services (as defined in
Section 1.3 hereof) to the Company during the Term (as hereinafter defined), subject to the direction of the Board of Directors of Lindsay (the “Board”). In such capacity and subject to such direction, the Executive shall
(i) devote his full professional time and attention, best efforts, energy and skills to the services required of him as an employee of the Company, except for paid time off taken in accordance with the Company’s policies and practices, and
subject to the Company’s policies pertaining to reasonable periods of absence due to sickness, personal injury or other disability; (ii) use his best efforts to promote the interests of the Company; (iii) comply with all applicable
governmental laws, rules and regulations and with all of the Company’s policies, rules and/or regulations applicable to the employees of the Company, including, without limitation, the Code of Business Conduct and Ethics of the Company as
amended from time to time; and (iv) discharge his responsibilities in a diligent and faithful manner, consistent with sound business practices and in accordance with the Board’s directives. As of the Promotion Effective Date, the Executive
will serve as the President and Chief Executive Officer of the Company. 

  
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 2.    Exclusive Service. Section 1.3 of
the Agreement is hereby amended and restated in its entirety as follows: 
 It is understood and agreed that the Executive may not engage in
other business activities during the Term, whether or not for profit or other pecuniary advantage; provided, however, that the Executive may make financial investments which do not involve his active participation and may engage in other activities
such as participation in charitable, educational, religious, civic and similar type organizations and similar types of activities and, with the consent of the Board, may serve as an outside director on the board of directors of other corporations
which are not affiliates or competitors of the Company or any of its affiliates, all to the extent that such activities do not hinder or interfere with the performance of his duties under this Agreement or conflict with the policies of Lindsay
concerning conflicts of interest or with the businesses of Lindsay or any of its affiliates in any material way. 

3.    Basic Salary. The first sentence of Section 3.1 is hereby amended and restated in
its entirety as follows: 
 As of the Promotion Effective Date, the Executive’s annual base salary (“Salary”) will be
$650,000. 
 4.    Bonus; Equity Incentives. 

(a)    The second sentence of Section 3.2(a) is hereby amended and restated in
its entirety as follows: 
 The Executive’s target Bonus shall be 100% of his Salary beginning on the Promotion Effective Date, subject
to change in the discretion of the Compensation Committee prior to a Change in Control. 
 (b)    A new
sentence is hereby added to the end of Section 3.2(a) as follows: 
 In addition, the Executive’s Bonus shall
be pro-rated for fiscal year 2021 in accordance with the Company’s Management Incentive Plan. 

5.    Vacations. The second sentence of Section 3.5 is hereby amended and restated in its
entirety as follows: 
 Vacation must be taken by the Executive at such time or times as reasonably approved by the Board. 

6.    Cause. Clause (ii) of the definition of “Cause” in Section 4.3 is hereby amended and
restated in its entirety as follows: 
 (ii) any material breach by the Executive of this Agreement or the willful failure of the Executive
to comply with any lawful directive of the Board or any lawful policy of the Company; 

  
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 7.    Other Than For Cause. The first sentence of
Section 4.4 is hereby amended and restated in its entirety as follows: 
 The Company may, at any time, at its
option, terminate the employment of the Executive other than for cause, death or disability, in which event the Company shall pay to Executive in a lump sum, within ninety (90) days of such termination, an amount equal to one-and-a-half (1.5) times Executive’s Salary and target Bonus (or three (3) times Executive’s Salary and target Bonus
in the event of termination other than for cause, death or disability within one year following a Change in Control), at the rates in effect on the date of his termination, subject to execution of the release referred to in Section 4.6 below
and the expiration of all revocation periods under applicable law with respect to such release (and subject to continued compliance by the Executive with ARTICLE V). 

8.    “Net Best” Parachute Payment Provision. A new Section 4.9 is hereby added
to the Agreement as follows: 
 Parachute Payments. In the event that the severance and other benefits provided for in this Agreement
or otherwise payable to the Executive (i) constitute “parachute payments” within the meaning of Internal Revenue Code Section 280G (“Section 280G”) and, (ii) but for this Section, would be subject to the
excise tax imposed by Internal Revenue Code Section 4999 (“Section 4999”), then, at the Executive’s discretion, the severance and other benefits under this Agreement shall be payable either (i) in full or (ii) as
to such lesser amount which would result in no portion of such severance and other benefits being subject to the excise tax under Section 4999, whichever of the foregoing amounts, taking into account the applicable federal, state and local
income taxes and the excise tax imposed by Section 4999, results in the receipt by the Executive on an after-tax basis of the greatest amount of severance benefits under this Agreement, notwithstanding
that all or some portion of such severance benefits may be taxable under Section 4999. Any reduction shall be made in the following manner: first, a pro-rata reduction of (i) cash payments subject to
Section 409A as deferred compensation and (ii) cash payments not subject to Section 409A; second, a pro-rata cancellation of (i) equity-based compensation subject to Section 409A as
deferred compensation and (ii) equity-based compensation not subject to Section 409A, with equity all being reduced in reverse order of vesting and equity not subject to treatment under Section 1.280G- Q&A 24(c) of the regulations
promulgated under Section 280G being reduced before equity that is so subject. 
 Unless the Company and the Executive otherwise agree
in writing, any determination required under this Section shall be made in writing by the Company’s independent public accountants (the “Accountants”), whose determination shall be conclusive and binding upon the Executive and the
Company for all purposes. For purposes of making the calculations required by this Section, the Accountants may make reasonable assumptions and 

  
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approximations concerning applicable taxes and may rely on reasonable, good-faith interpretations concerning the application of Section 280G and Section 4999. The Company and the
Executive shall furnish to the Accountants such information and documents as the Accountants may reasonably request in order to make a determination under this Section. The Accountants shall deliver to the Company and the Executive sufficient
documentation for the Executive to rely on it for purpose of filing his tax returns. The Company shall bear all costs the Accountants may reasonably incur in connection with any calculations contemplated by this Section. 

9.    Notice. The first sentence of Section 6.2 of the Agreement is hereby amended and
restated in its entirety as follows: 
 Any notice required or permitted to be given under this Agreement shall be sufficient if it is in
writing and is delivered in person or sent by certified mail, return receipt to (i) his current residence, in the case of the Executive, or (ii) the General Counsel at Lindsay’s principal corporate office, in the case of the Company.

 10.    No Other Changes. Except as expressly set forth above in this Amendment, the Agreement shall remain in
full force and effect on the terms and conditions set forth therein. 
 11.    Severability. Wherever possible,
each provision of this Amendment will be interpreted in a manner to be effective and valid, but if any provision is held invalid or unenforceable by any court of competent jurisdiction, then such provision will be ineffective only to the extent of
such invalidity or unenforceability, without invalidating or affecting in any manner the remainder of such provision or the other provisions of this Amendment. 

12.    Arbitration. Any dispute, disagreement or other question arising under this Amendment or the interpretation
thereof shall be settled by final and binding arbitration before a single arbitrator under the arbitration provisions of the Employment Dispute Resolution Rules of the American Arbitration Association then in effect, and judgment upon the award may
be entered in any court having jurisdiction thereof. 
 13.    Counterparts. This Amendment may be executed in
counterparts, each of which shall constitute one and the same instrument. 
 [Signature Page Follows] 

  
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 IN WITNESS WHEREOF, the Company and the Executive have executed this Amendment on the date
first set forth above. 
  

							
	Company:	 		 	LINDSAY CORPORATION
				
		 		 	By:	 	 /s/ Eric Arneson

		 		 	Name:	 	Eric Arneson
		 		 	Title:	 	Senior Vice President
			
	Executive:	 		 	 /s/ Randy Wood

		 		 	Name:	 	Randy Wood

  
 5EX-10.2

 Exhibit 10.2 

CONSULTING AGREEMENT 

This Consulting Agreement (this “Agreement”) is made and entered into by and between Timothy L. Hassinger
(“Hassinger”) and Lindsay Corporation (the “Company”) to become effective on the Effective Date (as defined in Section 14), on the terms and subject to the conditions set forth herein. 

RECITALS 
 WHEREAS,
Hassinger currently serves as President and Chief Executive Officer of Company, but has notified the Company’s Board of Directors of his intention to retire from such positions and resign from the Board of Directors, in each case effective
December 31, 2020; 
 WHEREAS, in order to assure access to Hassinger’s unique and valuable services and an effective leadership
transition, the Company desires to retain Hassinger as a consultant for a specified consulting period on the terms and conditions set forth herein; and 

WHEREAS, Hassinger agrees to provide consulting and transition services to the Company during the specified consulting period on the terms and
conditions set forth herein; 
 NOW, THEREFORE, in consideration of the promises and covenants contained below and other good and valuable
consideration, the receipt and sufficiency of which is hereby acknowledged, the parties, intending to be legally bound, agree as follows: 

1.    Retirement Date. Hassinger’s employment with the Company and his service on the Board of Directors will
terminate on December 31, 2020 (the “Retirement Date”). 
 2.    Final Compensation. Except
as specifically provided below, all compensation and benefits shall terminate as of the Retirement Date. Hassinger’s final employee compensation will be calculated and paid in accordance with the Company’s regular payroll practices and
policies, less applicable withholdings, and Hassinger’s final paycheck will include a payout of all accrued, unused vacation pay owed, if any (collectively, the “Final Compensation”). 

3.    Benefits. Notwithstanding Section 2 above, nothing in this Agreement shall be deemed to limit or affect,
or in any way diminish or prevent Hassinger from receiving, the benefits he has or is entitled to under any pension or retirement plan created or maintained by the Company of which he is qualified to be a participant (the
“Benefits”). All such Benefits shall be determined by the terms of the applicable plan. Without limiting the generality of the foregoing, Hassinger is entitled to the following: 

a.    401(k) Plan. Hassinger is an active participant in the Company’s 401(k) Plan and
Hassinger’s vested benefits in such Plan may be left in the Plan, rolled over or paid pursuant to the 401(k) Plan provisions and applicable law. 

b.    Group Life Insurance. Hassinger’s life insurance coverage under the Company’s group
plan will terminate on the Retirement Date. Hassinger may contact the Company’s life insurance representative to discuss converting this policy to an individual policy. 

  
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 c.    Long-Term Incentive Plans. Hassinger has
participated in the Company’s Long-Term Incentive Plans (the “Long-Term Incentive Plans”). All performance stock units, restricted stock units and stock options awarded to Hassinger under the Long-Term Incentive Plans
(“Hassinger LTI Awards”) shall be administered in accordance with the Long-Term Incentive Plans and the award agreements for the Hassinger LTI Awards, except as otherwise specifically provided to the contrary in Section 4.e
below. Except as otherwise specifically provided in such Section 4.e, all remaining unvested Hassinger LTI Awards will be forfeited by Hassinger as of the Retirement Date. 

d.    Health Insurance Plans and COBRA. Hassinger’s coverage under the Company’s health
insurance plans will terminate on the Retirement Date. Thereafter, Hassinger is eligible to elect to continue group health insurance coverage under the Consolidated Omnibus Budget Reconciliation Act (“COBRA”) and otherwise to the extent
provided by law, subject to COBRA rules and provisions. 
 4.    Consulting Services. Beginning on
January 1, 2021 and continuing thereafter until December 31, 2021 (the “Consulting Period”), Hassinger shall provide consulting and transition services to the Company as reasonably requested by the Company’s Chief
Executive Officer (the “Consulting Services”). It is intended that such Consulting Services will consist of mentoring the successor Chief Executive Officer, providing coaching services to the Company’s senior management team
and providing other general advice reasonably requested by, and pursuant to, the Company’s Chief Executive Officer’s direction. Hassinger shall use his good faith efforts to perform such services in a customary and professional manner.

 a.    Availability. Hassinger agrees to be available to provide up to forty (40) hours per
month on average of Consulting Services during the Consulting Period. 
 b.    Cash Compensation.
Hassinger will not receive a cash salary or any periodic consulting fee as compensation for the Consulting Services. Instead, as partial consideration for his Consulting Services and Hassinger’s covenants in Sections 4.c, 8, 10 and 11 below,
the Company agrees that Hassinger shall continue to participate in the Company’s Management Incentive Plan for the 2021 Plan Year (the “2021 MIP”) at a target award percentage of 110% as if he were receiving an annualized base
salary of $950,000. Any payment to Hassinger under the 2021 MIP (i) shall be subject to the Company’s achievement of the relevant financial performance criteria and performance goals established by the Human Resources and Compensation
Committee of the Board of Directors (the “Committee”), (ii) shall be subject to the Company’s achievement, as determined by the Committee, of the relevant strategic goal performance objective(s) established by the
Committee, and (iii) shall be paid when payments are made to the other participants in the 2021 MIP. 

c.    Post-Termination Covenants. Hassinger acknowledges and agrees that he will continue to be
bound by the post-termination covenants in the Proprietary Matters Agreement, dated July 17, 2017, between Hassinger and the Company (the “PMA”), 

  
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including, without limitation, the covenants in Sections 2, 3 and 4 thereof. In addition, during the Consulting Period, Hassinger shall not be employed or engaged by, or serve as a director or
advisor of, any person or entity that (i) directly competes with the Company’s irrigation or infrastructure businesses, or (ii) would otherwise cause interference with Hassinger’s obligations under this Agreement. 

d.    Consulting Expenses. During the Consulting Period, Hassinger will be reimbursed for all
reasonable business expenses that Hassinger incurs at the request of the Company in performing the Consulting Services for the Company, in accordance with applicable policies and procedures of the Company; provided, however, that such expenses are
pre-approved by the Chief Executive Officer of Company and properly submitted and substantiated as requested by the Company. 

e.    Hassinger LTI Awards. As additional consideration for the Consulting Services described above
and Hassinger’s covenants in Sections 4.c, 8, 10 and 11 of this Agreement, the Hassinger LTI Awards which are outstanding on the Retirement Date shall be treated in the manner provided in Exhibit “A” attached hereto
beginning on the Effective Date of this Agreement, which shall be deemed to modify and amend the applicable award agreements for the Hassinger LTI Awards. All remaining unvested Hassinger LTI Awards will be forfeited by Hassinger as of the
Retirement Date, except as otherwise specifically provided in Exhibit “A”. 
 5.    Independent
Contractor Status. During the Consulting Period, Hassinger will be performing the Consulting Services as an independent contractor and shall not be treated as an employee of the Company. Hassinger will be responsible for the payment of all
federal and state taxes, insurance, and non-reimbursed expenses attributable to his performance of the Consulting Services. During the Consulting Period, Hassinger shall not have the power or authority to contract in the name of the Company or bind
the Company in any manner. The Company shall indemnify and hold Hassinger harmless from and against any and all liability, actions, claims, demands, suits, costs, and expenses, including reasonable attorney fees and costs of litigation and/or
settlement, asserted against or imposed upon Hassinger and arising, directly or indirectly, from any acts of Hassinger during the Consulting Period. The foregoing sentence shall not apply to any acts of Hassinger during the Consulting Period which
exceed and violate the limitations on his power and authority set forth in this Section 5. 
 6.    Release.
Except as otherwise expressly provided in this Agreement, on the Effective Date, Hassinger voluntarily and forever releases the Company, its subsidiaries and affiliates, and their respective current and former shareholders, directors, officers,
members, managers, employees, attorneys, representatives and/or agents (collectively, the “Released Parties”), collectively and individually, from any and all claims, damages (including reasonable attorney fees), demands, actions,
or causes of action of any kind or nature, whether under contract or tort, whether known or unknown (collectively the “Claims”), that Hassinger, his heirs, executors, administrators, successors, and assigns has, or may have, up to
and including the Effective Date, arising out of Hassinger’s employment with the Company and/or the termination of Hassinger’s employment with the Company, including, without limitation, any Claims under any agreement between the parties,
any Claim under any arrangement, policy or plan of the Company (except for claims Hassinger may have under this Agreement), or any 

  
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Claims under any federal, state or local statutory or common laws, including, without limitation, the Age Discrimination in Employment Act, Older Workers Benefit Protection Act, National Labor
Relations Act, Title VII of the Civil Rights Act, Americans with Disabilities Act, Fair Labor Standards Act, Family and Medical Leave Act, Employee Retirement Income Security Act, Nebraska Age Discrimination in Employment Act, Nebraska Wage Payment
and Collection Act, Nebraska Fair Employment Practices Act, and any applicable state wage payment laws, all as amended. Hassinger hereby acknowledges and agrees that Hassinger is knowingly and voluntarily releasing and waiving all such Claims that
Hassinger has or may have against the Released Parties. Hassinger further promises and covenants not to sue any of the Released Parties on the basis of any of the Claims released by Hassinger as provided in this Section 6. 

Except as otherwise expressly provided in this Agreement, the Company voluntarily and forever releases Hassinger from any and all Claims that
it or its subsidiaries and affiliates has, or may have, up to and including the Effective Date, arising out of Hassinger’s employment with the Company, and/or the termination of Hassinger’s employment with the Company, including, without
limitation, any Claims under any agreement between the parties, any Claim under any arrangement, policy or plan of the Company, or any Claim under any federal, state or local statutory or common laws. The Company hereby acknowledges and agrees that
the Company is knowingly and voluntarily releasing and waiving all such Claims that it has or may have against Hassinger. The Company further promises and covenants not to sue Hassinger, or his heirs, executors, administrators, successors, and
assigns, on the basis of any of the Claims released by the Company as provided in this Section 6. 
 7.    No
Admission. Hassinger and the Company agree that this Agreement does not constitute an admission by Hassinger or the Released Parties of any violation of any federal, state or local laws, rules or regulations or of any liability under contract or
tort theories. Hassinger and the Released Parties specifically disclaim any wrongdoing whatsoever against each other. 

8.    Nondisparagement. During the Consulting Period and thereafter, Hassinger agrees not to directly or indirectly
make any disparaging, critical or otherwise detrimental comments to any person or entity concerning the Company, its subsidiaries, any member of the Board of Directors and/or senior management team, the products or services provided or to be
provided by the Company or its subsidiaries, the business affairs or the financial condition of the Company or its subsidiaries, or the circumstances surrounding Hassinger’s employment with, or his retirement from, the Company. 

During the Consulting Period and thereafter, the Company agrees not to, and will direct its Board of Directors and senior management team not
to, directly or indirectly make any disparaging, critical or otherwise detrimental comments to any person or entity concerning Hassinger, his employment with the Company, the conduct of Hassinger or any circumstances surrounding Hassinger’s
employment with, or his retirement from, the Company. 
 9.    Disclosure Obligations, Stock Ownership and Trading
Restrictions. Hassinger hereby expressly consents to public disclosure of information regarding Hassinger as required by SEC regulations including, without limitation, disclosure regarding his retirement and the terms of this Agreement.
Effective as of the Retirement Date, Hassinger shall cease to be subject to the Company’s stock ownership requirements and trading restrictions (other than such trading restrictions that apply to Company consultants or are imposed by applicable
law). 

  
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 10.    Cooperation. During the Consulting Period and thereafter,
Hassinger shall cooperate and assist the Company in any dispute, proceeding or investigation in which the Released Parties may be involved and which involves facts or events that existed or arose during Hassinger’s employment with the Company
or which exist or arise during the Consulting Period. The Company shall be responsible for any reasonable expenses incurred by Hassinger as a result of such assistance. To the extent that the time commitment to provide such assistance exceeds the
time commitment outlined in Section 4.a. for Consulting Services for the Consulting Period, and, in addition, for any time after the Consulting Period ends, Hassinger will be paid on an hourly basis for such assistance in an amount to be
negotiated by the parties at that time. 
 11.    Return of Property. Hassinger agrees within fourteen
(14) days of the Retirement Date or, to the extent that such property is reasonably required for his performance of the Consulting Services, at the end of the Consulting Period or upon demand by the Company, to return to the Company all Company
property of every kind, including but not limited to, all computers, laptops, cell phones, manuals, books, keys, access cards, credit cards, calling cards, records, computer passwords, personnel lists, customer lists, and all other lists and other
written or printed materials which contain any Confidential Information, as defined in the PMA, belonging to the Company, whether furnished by the Company or prepared by Hassinger or anyone else. 

12.    Remedies. Hassinger acknowledges that, as of the Effective Date, he has not initiated any administrative or
legal proceeding of any kind against the Released Parties, has not sold, assigned, transferred, conveyed, or otherwise previously disposed of any claim or demand relating to any matter covered by this Agreement or otherwise engaged in any conduct
that would be considered a material breach of this Agreement. Hassinger acknowledges and agrees that a material breach of any of the promises or agreements contained herein will result in irreparable and continuing damage to the Company for which
there may not be an adequate remedy at law. As such, Hassinger acknowledges and agrees that, in the event of a material breach or threatened or intended material breach of this Agreement by Hassinger, in addition to all other legal and equitable
remedies available to it, the Company shall be entitled to injunctive relief to enforce this Agreement. The Company acknowledges that, as of the Effective Date, it has not initiated any administrative or legal proceeding of any kind against
Hassinger, has not sold, assigned, transferred, conveyed, or otherwise previously disposed of any claim or demand relating to any matter covered by this Agreement or otherwise engaged in any conduct that would be considered a material breach of this
Agreement. The Company acknowledges and agrees that a material breach of any of the promises or agreements contained herein will result in irreparable and continuing damage to Hassinger for which there may not be an adequate remedy at law. As such,
the Company acknowledges and agrees that, in the event of a material breach or threatened or intended material breach of this Agreement by the Company, in addition to all other legal and equitable remedies available to it, Hassinger shall be
entitled to injunctive relief to enforce this Agreement. 

  
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 The Company shall also be entitled to terminate Hassinger’s Consulting Services and the
Consulting Period for Cause (as defined below); provided that prior to such termination for Cause, the Company shall notify Hassinger in writing of its intent to terminate his Consulting Services and the Consulting Period for Cause, shall state the
reason and give grounds therefor, and shall give Hassinger twenty (20) days after receipt of such notice to cure such material breach if it is capable of being cured. Upon the effective date of any such termination of Hassinger’s
Consulting Services and the Consulting Period for Cause, (i) the Company shall have no further obligations to Hassinger under this Agreement, (ii) he shall not be eligible to receive the 2021 MIP payment described in Section 4.b
above, and (iii) he will not be eligible to vest in any of the Hassinger LTI Awards that were eligible to vest after such date in accordance with Exhibit “A”, and the period for Hassinger to exercise any outstanding stock
options will end ninety (90) days after the effective date of the Consulting Services and Consulting Period termination. 
 For
purposes of this Section 12, the term “Cause” means (i) any conviction of Hassinger for a felony; (ii) any material breach by Hassinger of this Agreement or the willful failure of Hassinger to comply with any lawful
directive of the Chief Executive Officer, or any lawful policy of the Company; or (iii) dishonesty or gross negligence by Hassinger in the performance of the Consulting Services hereunder. 

Hassinger shall be entitled to terminate this Agreement prior to December 31, 2021 and shall be entitled to receive the full benefit of
all Final Compensation and Benefits as outlined in this Agreement, as if the Agreement had not terminated early, in the event of any material breach by the Company, its Board of Directors, and/or senior management team, of the obligations to
Hassinger set forth in this Agreement, including, but not limited to, Section 8 regarding nondisparagement of Hassinger; provided that prior to such a termination, Hassinger shall notify the Company in writing of his intent to terminate this
Agreement, shall state the reason and give grounds therefor, and shall give the Company twenty (20) days after receipt of such notice to cure such breach if it is capable of being cured. 

13.    Review Period. This Agreement affects the legal rights of the parties. The Company advises Hassinger to
consult with an attorney prior to signing this Agreement. Hassinger confirms and acknowledges that he has read and understands this Agreement and that he has signed this Agreement freely and voluntarily with the intent to fully release the Released
Parties from any and all Claims. Hassinger further acknowledges that he has been given up to twenty-one (21) days to consider signing this Agreement (the “Review Period”). Hassinger may sign this Agreement before the expiration
of the Review Period by signing and delivering to the Company this Agreement and the “Waiver of the 21-Day Review Period” attached hereto as Exhibit “B” and incorporated herein by this reference. 

14.    Effective Date and Revocation Period. This Agreement shall become effective and enforceable only if
Hassinger retires on December 31, 2020, and executes and delivers to the Company a release in the form of Exhibit “C” attached hereto (the “Release”) on or within twenty-one (21) days after
December 31, 2020 and does not deliver a revocation within the Revocation Period (as defined below). This Agreement will not become effective if (i) Hassinger voluntarily terminates his employment with the Company before December 31,
2020, (ii) his employment with the Company is terminated before December 31, 2020 for “Cause,” as such term was defined in the Employment Agreement between the Company and Hassinger executed on July 17, 2017 (provided that
prior to such termination for such Cause, the 

  
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Company shall notify Hassinger in writing of its intent to terminate his employment for such Cause, shall state the reason and give grounds therefor, and shall give Hassinger until
December 31, 2020 to cure such breach if it is capable of being cured), (iii) he fails to execute and deliver the Release to the Company on or before the date provided above, or (iv) he revokes the Release and this Agreement during
the Revocation Period. 
 Hassinger may revoke the Release and this Agreement for a period of up to seven (7) days after he executes
the Release, not including the day the Release is signed (the “Revocation Period”). To revoke the Release and this Agreement, Hassinger must give written notice to the Company stating that he wishes to revoke the Release and this
Agreement. The written notice must be hand delivered or sent by a nationally recognized overnight courier services or mailed via first class mail, and received by Eric Arneson, General Counsel, no later than midnight on the last (seventh (7th)) day of the Revocation Period. If (i) Hassinger’s employment with the Company is not terminated before December 31, 2020, (ii) he timely delivers an executed Release, and
(iii) he does not deliver a revocation during the Revocation Period, this Agreement shall become effective on the date following the expiration of the Revocation Period (the “Effective Date”). 

15.    General. 

a.    Governing Law and Venue. This Agreement shall be governed by, construed, and enforced in
accordance with the laws of the State of Nebraska. Each party agrees that any action by either party to enforce the terms of this Agreement may be brought by the other party in an appropriate state or federal court in Nebraska and waives all
objections based upon lack of jurisdiction or improper or inconvenient venue of any such court. 

b.    Assignability. This Agreement and the rights, interests and obligations of the Company
hereunder shall be assignable by the Company only in connection with a change of control of the Company. Otherwise, this Agreement is not assignable by the Company or Hassinger. 

c.    Entire Agreement. This Agreement, including the initial paragraph, the recitals to this
Agreement, and the Exhibits to this Agreement, each of which is incorporated herein and made part of this Agreement by this reference, constitutes the entire agreement and understanding of the parties relating to all of the subject matter herein,
and supersedes all prior agreements, arrangements and understandings, written or oral between the parties concerning such subject matter; provided, however, (i) any obligations of the Company and Hassinger in the Employment Agreement, dated
July 17, 2017, between the Company and Hassinger (the term of which expired on October 16, 2020), which by their terms survive the termination of such Employment Agreement, shall remain in effect; (ii) any post-employment obligations
of the Company and Hassinger in the PMA, shall remain in effect; and (iii) any post-employment obligations of the Company in the Indemnification Agreement dated August 17, 2020 between the Company and Hassinger shall remain in effect. This
Agreement may not be modified or supplemented except by a written instrument signed by each of the parties. 

  
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 d.    Reformation. Hassinger and the Company
intend and agree that if a court of competent jurisdiction determines that the scope of any provision of this Agreement is too broad to be enforced as written, the court should reform such provision(s) to such narrower scope as it determines to be
enforceable. 
 e.    Severability. Hassinger and the Company further agree that if any provision
of this Agreement is determined to be unenforceable for any reason, and such provision cannot be reformed by the court as anticipated above, such provision shall be deemed separate and severable, and the unenforceability of any such provision shall
not invalidate or render unenforceable any of the remaining provisions hereof. 
 f.    Designation of
Beneficiary. Hassinger may, by written instrument delivered to the Company, designate a beneficiary or beneficiaries to receive any payments to which he may be entitled under this Agreement or any Company benefit programs which become payable
following his death, and at any time or from time to time may change such designated beneficiary by similar written instrument, and the Company shall be fully protected in making any such payments to such designated beneficiary. In the event of
Hassinger’s death when no such beneficiary designation is in effect, the Company shall make payment of any amounts to which Hassinger was entitled following Hassinger’s death to his personal representative, heirs, devisees or legatees.

 g.    Notices. Notices contemplated by this Agreement shall be in writing and shall be deemed
given when delivered in person or sent by a nationally recognized overnight courier service or mailed by first class mail, postage prepaid and return receipt requested, or by registered mail, to the Company at 18135 Burke Street, Suite 100,
Omaha, Nebraska, 68022, Attention: General Counsel, and to Tim Hassinger at 18135 Burke Street, Suite 100, Omaha, Nebraska, 68022, or to such other address as either party so notifies to the other. 

h.    Counterparts. This Agreement may be executed in counterparts, each of which when so executed
and delivered shall be taken to be an original, but such counterparts shall together constitute one and the same document. 
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remainder of this page has been left blank intentionally] 

  
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 IN WITNESS WHEREOF, the parties hereto have executed this Consulting Agreement on the date
set forth below. 
  

							
	LINDSAY CORPORATION	  	                        	 	TIMOTHY L. HASSINGER
				
	By:	 	 /s/ Eric Arneson
	  		 	 /s/ Timothy L. Hassinger

	Name:	 	Eric Arneson	  		 	
	Its:	 	Senior Vice President	  		 	
	Date:	 	November 9, 2020	  		 	Date: November 9, 2020

  
 9 

 EXHIBIT “A” 

HASSINGER LTI AWARDS 
  

	A.	 Continued Vesting of Hassinger LTI Awards Which Are Outstanding on the Retirement Date. The
Hassinger LTI Awards that are outstanding on the Retirement Date will continue to vest during the Consulting Period to the same extent they otherwise would have vested had Hassinger remained an employee of the Company during such time, as provided
below. Accordingly, Hassinger will be eligible to receive additional vesting in the outstanding Hassinger LTI Awards if he is still providing Consulting Services under the Agreement on the applicable vesting date that occurs during the Consulting
Period (or if he has died or suffered a permanent and total disability during the Consulting Period, as set forth below), and Hassinger will forfeit at the end of the Consulting Period any portion of the outstanding Hassinger LTI Awards that do not
vest during the Consulting Period. 

  

	 	•	 	 Hassinger’s performance stock units (“PSUs”) granted on 10/22/18, 10/31/19 and 10/26/20 will
continue to vest during the Consulting Period based on the Company’s actual performance and will be paid out, if at all, following the end of the applicable three-year performance period to the extent it ends during the Consulting Period.

  

	 	•	 	 Hassinger’s restricted stock units (“RSUs”) granted on 10/22/18, 10/31/19 and 10/26/20 will
continue to vest upon the applicable vesting dates that occur during the Consulting Period and the vested portion will be paid out in accordance with the terms of the applicable Long-Term Incentive Plan. 

 

	 	•	 	 Hassinger’s stock options (“Options”) granted on 10/31/17, 10/22/18, 10/31/19 and 10/26/20 will
continue to vest on the applicable vesting dates that occur during the Consulting Period. 

  

	 	•	 	 In the event of Hassinger’s death or permanent and total disability during the Consulting Period, the
prorated portions of Hassinger’s PSUs (subject to the performance conditions), RSUs and Options that remain eligible to vest will become immediately vested upon such event. 

 

	 	•	 	 In the event of a Change in Control (as defined in the applicable Long-Term Incentive Plan), the vesting of
Hassinger’s PSUs, RSUs and Options shall be governed by the terms of the applicable Hassinger LTI Award and the applicable Long-Term Incentive Plan, except that, for the avoidance of doubt, Section 3.3 of the Hassinger LTI Awards for his
RSUs and Section 2.3 of the Hassinger LTI Awards for his Options shall no longer apply. 

  

	 	•	 	 In the event of termination of Hassinger’s Consulting Services and the Consulting Period for Cause pursuant
to Section 12 of the Agreement, Hassinger’s PSUs, RSUs and Options that have not vested before the date of termination of Hassinger’s Consulting Services and Consulting Period shall thereupon be forfeited on such date.

	B.	 Period to Exercise Outstanding Stock Option. The period for Hassinger to exercise his vested
Options will continue during the Consulting Period and will end ninety (90) days after termination of the Consulting Period for any reason, but in no event later than each Option’s original expiration date. 

 

	C.	 Eligible Awards. Set forth below are the numbers of shares and certain other information
regarding Hassinger’s RSUs, PSUs and Options which will not be vested on the Retirement Date that will continue to be eligible to vest during the Consulting Period as if Hassinger had remained employed. 

 

									
	Restricted Stock Units
				
	 Grant Date
	  	 Units Outstanding
	  	 	 	  	 Vesting

	 10/22/18
	  	1,815	  				  	3 year ratable
	 10/31/19
	  	3,884	  				  	3 year ratable
	 10/26/20
	  	4,980	  				  	3 year ratable
	
	Performance Stock Units
				
	 Grant Date
	  	 Units Outstanding (at target)
	  	 	 	  	 Vesting

	 10/22/18
	  	10,890	  				  	3 year cliff
	 10/31/19
	  	11,651	  				  	3 year cliff
	 10/26/20
	  	9,961	  				  	3 year cliff
	
	Stock Options
				
	 Grant Date
	  	 Options Outstanding
	  	Exercise Price	 	  	 Vesting

	 10/31/17
	  	19,525	  	$	91.56	 	  	4 year ratable
	 10/22/18
	  	20,232	  	$	91.82	 	  	3 year ratable
	 10/31/19
	  	22,744	  	$	94.41	 	  	3 year ratable
	 10/26/20
	  	17,932	  	$	110.42	 	  	3 year ratable

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00316-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00316-of-00352.parquet"}]]