Document:

Exhibit 10.17

 

Form of Equity Transfer Agreement

 

Transferor: [   ]

 

Transferee: Nanjing Dingxu Xinhui Technology Co.
Ltd.

 

	1.	The transferor agrees to transfer the equity interest in Jiangsu Easy Parking Intelligent Technology Co., Ltd. in the amount of [   ] million (RMB) to the transferee.

 

	2.	The transferee agrees to receive the transferor’s equity interest in Jiangsu Easy Parking Intelligent Technology Co., Ltd. in the amount of [   ] million (RMB)

 

	3.	The transfer will be officially carried out on [DATE]. From the date of the transfer, the transferor will no longer enjoy the rights or assume the obligations as a capital contributor in connection with the transferred capital contribution, and the transferee will enjoy the rights and assume the obligations as a capital contributor of Jiangsu Easy Parking Intelligent Technology Co., Ltd. in connection with the transferred capital contribution.

 

This agreement will take effect after being signed
(sealed) by both parties.

 

Transferor’s signature:

Transferee’s signature:

 

[DATE]Document

Exhibit 10.iii.a
THE MOSAIC COMPANY
SUMMARY OF BOARD OF DIRECTOR COMPENSATION
Non-Employee Directors
Effective May 19, 2022, the director compensation policy adopted by the Board of Directors (the “Board”) of The Mosaic Company (“Mosaic”) provides for cash compensation to non-employee directors as follows:
•an annual cash retainer of $180,000 to our Chairman of the Board and $105,000 to each other director;
•an annual cash retainer of $24,000 to the Chair of our Audit Committee;
•an annual cash retainer of $20,000 to the Chair of our Compensation Committee; and
•an annual cash retainer of $15,000 to each director who serves as Chair of our Corporate Governance and Nominating Committee or Environmental, Health, Safety and Sustainable Development Committee.
In addition, policy adopted by the Board provides for an annual grant of restricted stock units to be settled in Mosaic common stock, valued at $262,500 for the Chairman of the Board and $157,500 for each other non-employee director.  Mosaic reimburses directors for travel and business expenses incurred in connection with meeting attendance.  Mosaic does not pay meeting fees or provide any perquisites to our non-employee directors except for reimbursement of travel expenses when spouses attend Board functions.
Employee Directors
Directors who are employees receive no director fees or other separate compensation for service on the Board or any committee of the Board for the period during which they are employees.Document

THE MOSAIC COMPANY
RESTRICTED STOCK UNIT AWARD AGREEMENT
This RESTRICTED STOCK UNIT AWARD AGREEMENT (the “Agreement”) is dated this ___th day of ____, 20__, (the “Grant Date”) from The Mosaic Company, a Delaware corporation (the “Company”) to                  (the “Participant”), who is a non-employee director on the Board of Directors of the Company.
1.Award.  The Company hereby grants to Participant an award of          restricted stock units (“RSUs”), each RSU representing the right to receive one share of common stock, par value $.01 per share (the “Common Stock”), of the Company according to the terms and conditions set forth herein and in The Mosaic Company 2014 Stock and Incentive Plan (the “Plan”).  The RSUs are granted under Section 6(c) and (f) of the Plan.  A copy of the Plan has been furnished to Participant.
2.Vesting; Forfeiture.  Except as otherwise provided in this Agreement, the RSUs awarded to a Participant shall vest on the date of the Company’s next annual meeting of stockholders after the date hereof (or the date that is at 50 weeks after the immediately preceding year’s annual meeting, if later) (the “Vesting Date”).  If Participant ceases to be a director prior to the Vesting Date, the director shall forfeit the RSUs awarded under this Agreement unless (i) the Participant dies (in which case the RSUs shall immediately vest), or (ii) the Governance Committee of the Board of Directors in its sole discretion decides to vest in whole or in part the RSUs awarded to the Participant.  If the Participant is removed as a director at any time for cause in accordance with the Company’s bylaws, the director shall forfeit the RSUs awarded under this Agreement.  An acceleration of vesting shall accelerate the Vesting Date and the payment date accordingly (subject to any applicable deferral election described in Section 6).
3.Restrictions on Transfer.  The RSUs shall not be transferable other than by will or by the laws of descent and distribution.  Each right under this Agreement shall be exercisable during Participant’s lifetime only by Participant or, if permissible under applicable law, by Participant’s legal representative.  Until the date that the RSUs are paid pursuant to Section 2, none of the RSUs or the shares of Common Stock issuable upon payment thereof (the “Shares”) may be sold, assigned, transferred, pledged, hypothecated or otherwise disposed of, and any purported sale, assignment, transfer, pledge, hypothecation or other disposition shall be void and unenforceable against the Company, and no attempt to transfer the RSUs or the Shares, whether voluntarily or involuntarily, by operation of law or otherwise, shall vest the purported transferee with any interest or right in or with respect to the RSUs or the Shares.  Notwithstanding the foregoing, Participant may, in the manner established pursuant to the Plan, designate a beneficiary or beneficiaries to exercise the rights of Participant and receive payment of the RSUs if the Participant dies prior to payment.
4.Adjustments.  The numbers of Shares are subject to equitable adjustment as provided in Section 4(c) of the Plan.  
5.Dividend Equivalents.  Notwithstanding Section 6 hereof, for record dates that occur before the Company issues a Participant any Shares for a vested RSU (or, if the RSUs are deferred as described in Section 6, before the date on which a Share would have been issued in accordance with Section 6 hereof but for such deferral), the Participant shall be entitled to receive dividend equivalent amounts (“Dividend Equivalents”) if dividends are declared by the Board of Directors on the Company’s Common Stock.  The Dividend Equivalents shall be an amount of cash per RSU equal to the dividends per share paid to common stockholders of the Company.  The Dividend Equivalents shall be accrued (without interest and earnings) rather than paid when a dividend is paid on a share of the Company’s Common Stock.  The Dividend 
May 19, 2022

Equivalents for an RSU shall be subject to the same vesting and payment rules as the RSU.  If an RSU is forfeited, the Dividend Equivalents on the RSU are forfeited.  
a.    Payment Where Participant Has Not Elected to Defer Award.  If the Participant has not elected to defer the RSUs under this Agreement, any Dividend Equivalents payable under Section 5 hereof shall be paid when the Company issues a Share for the RSU (or pays cash in the case of a cash election described in Section 6).
b.    Payment Where Participant Has Elected to Defer Award.  If the Participant has elected to defer the RSUs under this Agreement, then the Participant will no longer be eligible to receive Dividend Equivalents for record dates that occur on or after the date on which Shares would have been issued but for such deferral.  For record dates that occur thereafter, the Participant will be credited, for each Share that would otherwise have been issued but for the Participant’s deferral election, with a recordkeeping amount of cash equal to the dividends per share paid or payable to common stockholders of the Company on a share of the Company’s Common Stock.  This recordkeeping amount shall be paid out as of the payment dates specified under Section 4 of the Mosaic LTI Deferral Plan and shall be subject to the Mosaic LTI Deferral Plan.
6.Issuance; Payment.
a.Where Participant Has Not Elected to Defer Award.  The Participant may make an election to be paid up to 50% of the RSUs awarded to the Participant in cash rather than Shares.  The Participant must make this election during an open trading window under the Company’s Policy Regarding Insider Trading and Tipping that occurs prior to the Vesting Date (to the extent the Participant is subject to such policy at the time of election), and in any event at a time when the Participant is not in possession of any material non-public information concerning the Company.  If no election is made by the Participant prior to the Vesting Date, all RSUs shall be paid in Shares.  The amount of cash payable to Participant pursuant to any such election shall equal the number of RSUs subject to such election, multiplied by the Fair Market Value, as defined in Section 2(l) of the Plan, of a Share on the Vesting Date.  The Company shall pay and deliver to the Participant, or to the Participant’s legal representatives, beneficiaries or heirs, as the case may be, within thirty (30) days after the Vesting Date (i) the cash value, as of the Vesting Date, of the portion of the RSUs, if any, that the Participant has elected to receive in cash, together with all Dividend Equivalents, if any, accrued with respect to all RSUs granted hereunder in accordance with Section 5 hereof, and (ii) with respect to the portion of the RSUs the Participant is entitled to receive as Shares, the Company shall cause to be issued Shares registered in the name of Participant or in the name of Participant’s legal representatives, beneficiaries or heirs, as the case may be, evidencing such vested whole Shares.  The value of any fractional Shares shall be paid in cash at the same time.
b.Where Participant Has Elected to Defer Award.  Notwithstanding anything else to the contrary in this Agreement, if the Participant has elected to defer the RSUs to be issued under this Agreement, then after the date payment would have been made but for the deferral election, the administration, recordkeeping, and issuance of deferred RSUs shall be under and subject to the Plan and this Agreement, and paid as specified under Section 4 of the Mosaic LTI Deferral Plan (subject to adjustments as provided in Section 5 of this Agreement).  Any such deferred awards shall also be subject to the terms of the Mosaic LTI Deferral Plan.  Prior to the Vesting Date, the Participant may also make an election to be paid up to 50% of the RSUs awarded to the Participant in cash rather than Shares, subject to the same restrictions in Section 6(a) above.  In such case where the Participant elects to both defer the RSUs and be paid in cash, then as of the date payment of the RSUs would have been made but for the deferral, such units shall be converted into a cash value and administered under the terms of the Mosaic LTI Deferral Plan.  
May 19, 2022

c.Clawback.  This Agreement, and any amounts received hereunder, shall be subject to recovery or other penalties pursuant to (i) any Company clawback policy, as may be adopted or amended from time to time, or (ii) any applicable law, rule or regulation or applicable stock exchange rule, including, without limitation, Section 304 of the Sarbanes-Oxley Act of 2002, Section 954 of the Dodd-Frank Wall Street Reform and Consumer Protection Act and any NYSE Listing Rule adopted pursuant thereto.
d.Income Tax Matters.  The Company may take such action as it deems appropriate to ensure that all applicable federal or state payroll, withholding, income or other taxes, if any, which are the sole and absolute responsibility of Participant, are withheld or collected from Participant.  The Company shall not be required to withhold amounts unless required by applicable law.  Participant acknowledges that, because Participant is a non-employee director of the Company, the Company is not subject to any federal or state income tax withholding obligations with respect to the RSUs awarded to Participant hereunder.   
e.Plan Provisions Control.  In the event that any provision of the Agreement conflicts with or is inconsistent in any respect with the terms of the Plan, the terms of the Plan shall control.  Any term not otherwise defined in this Agreement shall have the meaning ascribed to it in the Plan.
f.No Rights of Stockholders.  Neither Participant, Participant’s legal representative nor a permissible assignee of this award shall have any of the rights and privileges of a stockholder of the Company with respect to the Shares, unless and until such Shares have been issued in accordance with the terms hereof.
g.No Right to Directorship.  The issuance of the RSUs or the Shares shall not be construed as giving Participant the right to continue as a director of the Company, nor will it affect in any way the right of the Company to terminate such directorship at any time in accordance with its bylaws.  In addition, the Company may at any time terminate the term of a director of the Company in accordance with its bylaws free from any liability or any claim under the Plan or the Agreement.  Nothing in the Agreement shall confer on any person any legal or equitable right against the Company or any Affiliate, directly or indirectly, or give rise to any cause of action at law or in equity against the Company or an Affiliate.  By participating in the Plan, Participant shall be deemed to have accepted all the conditions of the Plan and the Agreement and the terms and conditions of any rules and regulations adopted by the Committee and shall be fully bound thereby.
h.Governing Law.  The validity, construction and effect of the Plan and the Agreement, and any rules and regulations relating to the Plan and the Agreement, shall be determined in accordance with the internal laws, and not the law of conflicts, of the State of Delaware.  Participant hereby submits to the nonexclusive jurisdiction and venue of the federal or state courts of Delaware to resolve any and all issues that may arise out of or relate to the Plan or the Agreement.
i.Securities Matters.  The Company shall not be required to deliver Shares until the requirements of any federal or state securities or other laws, rules or regulations (including the rules of any securities exchange) as may be determined by the Company to be applicable are satisfied.
j.Severability.  If any provision of the Agreement is or becomes or is deemed to be invalid, illegal or unenforceable in any jurisdiction or would disqualify the Agreement under any law deemed applicable by the Committee, such provision shall be construed or deemed amended to conform to applicable laws, or if it cannot be so construed or deemed amended without, in the determination of the Committee, materially altering the purpose or intent of the Plan or the 
May 19, 2022

Agreement, such provision shall be stricken as to such jurisdiction or the Agreement, and the remainder of the Agreement shall remain in full force and effect.
k.No Trust or Fund Created.  Participant shall have no right, title, or interest whatsoever in or to any investments that the Company, its Subsidiaries, and/or its Affiliates may make to aid it in meeting its obligations under the Plan.  Neither the Plan nor the Agreement shall create or be construed to create a trust or separate fund of any kind or a fiduciary relationship between the Company or any Affiliate and Participant or any other person.
l.Headings.  Headings are given to the Sections and subsections of the Agreement solely as a convenience to facilitate reference.  Such headings shall not be deemed in any way material or relevant to the construction or interpretation of the Agreement or any provision thereof.

May 19, 2022

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