Document:

Exhibit 10.1
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CAMPING WORLD HOLDINGS, INC.
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NON-EMPLOYEE DIRECTOR COMPENSATION POLICY
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(as amended effective as of January 1, 2022)
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Non-employee members of the board of directors (the “Board”) of Camping World Holdings, Inc. (the “Company”) shall be eligible to receive cash and equity compensation as set forth in this Non-Employee Director Compensation Policy (as amended from time to time, this “Policy”), which was adopted effective as of October 6, 2016, and is hereby amended effective as of January 1, 2022.  The cash and equity compensation described in this Policy shall be paid or be made, as applicable, automatically and without further action of the Board, to each member of the Board who is not an employee of the Company or any parent or subsidiary of the Company (each, a “Non-Employee Director”), who may be eligible to receive such cash or equity compensation, unless such Non-Employee Director declines the receipt of such cash or equity compensation by written notice to the Company.  This Policy shall remain in effect until it is revised or rescinded by further action of the Board. This Policy may be amended, modified or terminated by the Board at any time in its sole discretion.  The terms and conditions of this Policy shall supersede any prior cash and/or equity compensation arrangements for service as a member of the Board between the Company and any of its Non-Employee Directors and between any subsidiary of the Company and any of its non-employee directors.  No Non-Employee Director shall have any rights hereunder, except with respect to restricted stock units granted pursuant to this Policy.
1.Cash Compensation.
(a)Annual Retainers.  Each Non-Employee Director shall receive an annual retainer of $100,000 for service on the Board.
(b)Additional Annual Retainers.  In addition, a Non-Employee Director shall receive the following annual retainers:
(i) (ii)Audit Committee.   A Non-Employee Director serving as Chairperson of the Audit Committee shall receive an additional annual retainer of $30,000 for such service.  A Non-Employee Director serving as a member of the Audit Committee (other than the Chairperson) shall receive an additional annual retainer of $17,500 for such service.
(iii)Compensation Committee.  A Non-Employee Director serving as Chairperson of the Compensation Committee shall receive an additional annual retainer of $20,000 for such service.  A Non-Employee Director serving as a member of the Compensation Committee (other than the Chairperson) shall receive an additional annual retainer of $12,500 for such service.
(vi) Nominating and Corporate Governance Committee.   A Non-Employee Director serving as Chairperson of the Nominating and Corporate Governance Committee shall receive an additional annual retainer of $15,000 for such service.  A Non-Employee Director serving as a member of the Nominating and Corporate Governance Committee (other than the Chairperson) shall receive an additional annual retainer of $7,500 for such service.
(c)Payment of Retainers.  The annual retainers described in Sections 1(a) and 1(b) shall be earned on a quarterly basis based on a calendar quarter and shall be paid by the Company in arrears not later than the fifteenth day following the end of each calendar quarter.  In the event a Non-Employee Director does not serve as a Non-Employee Director, or in the applicable positions described in Section
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1(b), for an entire calendar quarter, such Non-Employee Director shall receive a prorated portion of the retainer(s) otherwise payable to such Non-Employee Director for such calendar quarter pursuant to Section 1(b), with such prorated portion determined by multiplying such otherwise payable retainer(s) by a fraction, the numerator of which is the number of days during which the Non-Employee Director serves as a Non-Employee Director or in the applicable positions described in Section 1(b) during the applicable calendar quarter and the denominator of which is the number of days in the applicable calendar quarter.
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2.Equity Compensation.  Effective as of May 13, 2022, Non-Employee Directors shall be granted the equity awards described below.  The awards described below shall be granted under and shall be subject to the terms and provisions of the Company’s 2016 Incentive Award Plan or any other applicable Company equity incentive plan then-maintained by the Company (such plan, as may be amended from time to time, the “Equity Plan”) and shall be granted subject to the execution and delivery of award agreements, including attached exhibits, in substantially the forms previously approved by the Board.  All applicable terms of the Equity Plan apply to this Policy as if fully set forth herein, and all equity grants hereunder are subject in all respects to the terms of the Equity Plan.
(a) Annual RSU Awards.  Each Non-Employee Director who (i) serves on the Board as of the date of any annual meeting of the Company’s stockholders (an “Annual Meeting”) on or after May 13, 2022 and (ii) will continue to serve as a Non-Employee Director immediately following such Annual Meeting shall be automatically granted, on the date of such Annual Meeting, restricted stock units that have an aggregate fair value on the date of grant of $150,000 (as determined in accordance with FASB Accounting Codification Topic 718 (“ASC 718”) and subject to adjustment as provided in the Equity Plan (the “Annual Awards”)).
(b) Initial Awards.  Except as otherwise determined by the Board, each Non-Employee Director who is initially elected or appointed to the Board after May 13, 2022 on any date other than the date of an Annual Meeting shall be automatically granted, on the date of such Non-Employee Director’s initial election or appointment (such Non-Employee Director’s “Start Date”), restricted stock units that have an aggregate fair value on such Non-Employee Director’s Start Date equal to the product of (i) $150,000 (as determined in accordance with ASC 718) and (ii) a fraction, the numerator of which is (x) 365 minus (y) the number of days in the period beginning on the date of the Annual Meeting immediately preceding such Non-Employee Director’s Start Date and ending on such Non-Employee Director’s Start Date and the denominator of which is 365 (with the number of units or shares of Common Stock underlying each such award subject to adjustment as provided in the Equity Plan in each case).  The awards described in this Section 2(b) shall be referred to as “Initial Awards.”  For the avoidance of doubt, no Non-Employee Director shall be granted more than one Initial Award.
(c)Termination of Employment of Employee Directors.  Members of the Board who are employees of the Company or any parent or subsidiary of the Company who subsequently terminate their employment with the Company and any parent or subsidiary of the Company and remain on the Board will not receive an Initial Award pursuant to Section 2(b) above, but to the extent that they are otherwise eligible, will be eligible to receive, after termination from service with the Company and any parent or subsidiary of the Company, Annual Awards as described in Section 2(a) above.
(d)Vesting of Awards Granted to Non-Employee Directors.  Each Initial Award and Annual Award (collectively, the “Awards”) shall vest on the first anniversary of the date of grant, subject in each case to the Non-Employee Director continuing in service through such vesting date.  All of a Non-Employee Director’s Awards shall vest in full on the date such Non-Employee Director’s service is terminated due to a failure to be reelected, to the extent outstanding on the last date of such Non-Employee Director’s service on the Board. All of a Non-Employee Director’s Awards shall vest in full immediately
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prior to the occurrence of a Change in Control (as defined in the Equity Plan), to the extent outstanding at such time.
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​Enertopia Corporation: Exhibit 10.1 - Filed by newsfilecorp.com

    

    Exhibit 10.1

    MANAGEMENT SERVICES AGREEMENT

    THIS AGREEMENT dated for reference the 1st day of May, 2022.

    BETWEEN:

    Enertopia Corp, a company duly incorporated under the laws of the Province of British Columbia and having its office at #18 1873 Spall Rd, Kelowna, British Columbia  V1Y 4R2

    (hereinafter referred to as the "Company")

    OF THE FIRST PART

    AND

    Robert McAllister, Kelowna, British Columbia,

    (hereinafter referred to as "Consultant")

    WHEREAS:

    A. The Company wishes to employ Consultant as its President/Chief Executive Officer and to provide management Services to it on the terms and conditions hereinafter set forth.

    B. The Consultant has agreed to provide the Services to the Company on the terms and conditions set out in this Agreement. This Agreement dated May 1, 2022, supersedes all previous existing amendments and the original agreements March 1, 2016 dated March 1, 2014 and December 1, 2007.

    NOW THEREFORE THIS AGREEMENT WITNESSES THAT in consideration of the premises and of the covenants and agreements hereinafter contained the parties hereto have agreed as follows:

    1. ENGAGEMENT OF SERVICES

    1.1. The Company hereby engages the Consultant to provide management Services as an independent contractor to the Company under the direction of the Company's Board of Director; and

    1.2. The Consultant hereby agrees to perform the following duties required of his in accordance with the terms of this agreement namely:

    (a) all duties expected of a president/chief financial officer of an medicinal sector, technology and of an alternative energy company, including sourcing and/or negotiation of financial proposals and corporate financings; strategic corporate and financial planning; management of all the overall business operations; communications with shareholders; negotiation and management of agreements; and any other duties that should be reasonably expected by the Board of Directors (the "Services").

    2. TERM

    2.1. The initial term of this Agreement shall be for a period of two (2) years, commencing as of the 1st day of May 2022 and continuing month to month thereafter with all terms in effect unless and until terminated as hereinafter provided.

    

    
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    3. SERVICES

    3.1 The Consultant agrees to perform the Services contracted hereunder including the following:

    (a) to carry out all functions associated with the Services to the best of his skill and ability for the benefit of the Company;

    (b) to carry out the Services in a timely manner;

    (c) to act, at all times during the term of this Agreement, in the best interests of the Company; and

    (d) to use his best endeavors to preserve the goodwill and reputation of the Company and the relationship between the Company and its shareholders.

    4. REMUNERATION

    4.1. The Company shall pay to the Consultant for all Services rendered hereunder:

    (a) the sum of Nine Thousand Five Hundred US Dollars ($9,500.00) per month, plus GST, payable on the 1st day of each month;

    (b) The Consultant's out of pocket expenses incurred on behalf of the Company.  In respect of expenses, Consultant shall provide statements and vouchers to the Company as and when required by it.

    (c) The Consultant will be entitled to receive a performance related bonus on the same terms and conditions as for persons participating in any bonus plan that may be established and approved by the Company's board of Directors.  Any bonus payable to the Consultant will be at the sole discretion of the Company's Board of Directors, acting reasonably.

    5. TERMINATION

    5.1. This Agreement may be terminated by either party at any time by three (3) months notice in advance, in writing given by the Consultant to the Company, or by the Company to Consultant.

    5.2. The Company may terminate this Agreement at any time, without further obligation to the Consultant if:

    (a) The Consultant breaches any of the terms and conditions of this Agreement;

    (b) The Company provides a lump sum termination break fee payment to the Consultant in the amount equal to 12 times the Fee plus GST in reference to 4.1.

    5.3. If this Agreement is terminated by either party or any successor company or person, within 90 days of a Change of Control, excluding termination under section 5.2(a) herein, Robert McAllister shall receive the payment under section 5.2.(b), plus an additional payment in the amount equal to 12 times the Fee.  A "Change of Control" means any of the following events:

    (a) If any individual, partnership, company, society, or other legal entity (a "Person"), alone or together with any other Persons with whom it is acting jointly or in concert, becomes the beneficial owner of, or acquires the power to exercise control or direction over, directly or indirectly, such securities (or securities convertible into, or exchangeable for, securities) entitled to fifty percent (50%) or more of the votes exercisable by holders of the then-outstanding securities generally entitled to vote for the election of directors ("Voting Stock") of the company or if any Persons that previously were not acting jointly or in concert commence acting jointly or in concert and together beneficially own, or have the power to exercise control or direction over, securities entitled to more than fifty percent (50%) or more of the votes exercisable by holders of voting stock, nor have rights of conversion which, if exercised, would permit such Persons to own or control such a percentage of votes;

    

    
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    (b) The Company is merged, amalgamated or consolidated into or with another Person and, as a result of such business combination, securities entitled to more than fifty percent (50%) of the votes, exercisable by holders of the Voting Stock of the Company or of such Person into which the Voting Stock of the Company is converted in or immediately after such transaction are held by a Person alone or together with any other persons with whom it is acting jointly or in concert and such Person, together with those with whom it is acting jointly or in concert, held securities representing less than fifty percent ;(50%) of the votes exercisable by the holders of the Voting Stock of the Company immediately prior to such transaction;

    (c) The capital of the Company is reorganized and, as a result of such reorganization, securities entitled to more than fifty percent (50%) of the votes exercisable by the holders of the Voting Stock of the Company upon or immediately after such reorganization are held by a Person alone or together with any other Persons with whom it is acting jointly or in concert and such Person, together with those with whom it is acting jointly or in concert, held securities representing less than fifty percent (50%) of the votes exercisable by the holders of the Voting Stock of the Company immediately prior to such reorganization.

    (d) The Company sells or otherwise transfers all or substantially all of its assets to another Person and immediately following such sale or transfer securities entitled to more than fifty percent (50%) of the votes exercisable by the holders of the Voting Stock of the acquiring Person are held by a Person that alone or together with any other Person or Persons with whom it is acting jointly or in concert, and such person, together with those with whom it is acting jointly or in concert, held securities representing less than fifty percent (50%) of the votes exercisable by holders of the Voting Stock of the Company immediately prior to such transaction; or

    (e) During any period of two consecutive years, individuals ("Incumbent Directors") who at the beginning of any such period constitute the directors of the Company cease for any reason to constitute at least a majority thereof.  For the purposes of this clause (5.3.(e)):

    i. Each director who, during any such period, is elected or appointed as a director of the Company with the approval of at least a majority of the Incumbent Directors will be deemed to be an Incumbent Director;

    ii. An "Incumbent Director" does not include a director, elected or appointed pursuant to an agreement (in respect of such election or appointment) with another Person that deals with the Company at arm's length, or as part of or related to an amalgamation, a merger or a consolidation of the Company into or with another person, a reorganization of the capital of the Company or the acquisition of the Company as a result of which securities entitled to less than fifty (50%) percent of the votes exercisable by holders of the then-outstanding securities entitled to Voting Stock of the Company is converted on or immediately after such transaction are held in the aggregate by Persons who were holders of Voting Stock of the Company immediately prior to such transaction; and

    

    
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    iii. References to the Company shall include successors to the Company as a result of any amalgamation, merger, consolidation or reorganization of the Company into or with another body corporate or other legal Person.

    6. NOTICE

    6.1. Any notice to be given under this Agreement shall be in writing and shall be deemed to have been given if delivered to, or sent by prepaid registered post addressed to, the respective addresses of the parties appearing on the first page of this Agreement (or to such other address as one party provides to the other in a notice given according to this paragraph).  Where a notice is given by registered post it shall be conclusively deemed to be given and received on the fifth day after its deposit in a Canada post office any place in Canada.

    7. MISCELLANEOUS

    7.1. This Agreement may not be assigned by either party without the prior written consent of the other.

    7.2. The titles of headings to the respective paragraphs of this agreement shall be regarded as having been used for reference and convenience only.

    7.3. This Agreement shall ensure to the benefit of and be binding upon the parties hereto and their respective heirs, executors, administrators, successors and permitted assigns.

    7.4. This Agreement shall be governed by and interpreted in accordance with the laws of British Columbia, Canada. 

    

    
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    7.5. Time shall be of the essence of this Agreement.

    IN WITNESS WHEREOF the parties have executed this Agreement the day and year first above written.

    	 	)	 
	Enertopia Corp:	)	 
	 	)	 
	 	)	 
	 	)	 
	Authorized Signatory	)	 
	 	)	 
	 	 	 
	 	 	 
	 	 	 
	 	)	 
	Signed in the presence of:	)	 
	 	)	 
	 	)	 
	Name	)	Robert McAllister
	 	)	 
	Address	)	 
	 	)	 
	 	)	 
	 	)

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