Document:

Exhibit

	
		
	
	Exhibit 10.3

THREE-YEAR PERFORMANCE STOCK UNIT AWARD AGREEMENT
Relative Total Shareholder Return (rTSR) Performance Criteria

	
		
	Name of Grantee:

	

	Grant Date:

	 

	Number of Shares of Performance Stock Units:

	 

	Performance Period:

	 

This Agreement evidences the grant by Compass Minerals International, Inc., a Delaware corporation (the “Company”) of performance stock units to the above-referenced “Grantee” pursuant to the Compass Minerals International, Inc. 2015 Incentive Award Plan, as may be amended from time to time (the “Plan”), and the Rules, Policies and Procedures adopted by the Committee for the Plan, as may be amended from time to time.  The Plan and the Rules, Policies and Procedures are collectively referred to in this Agreement as the “Governing Documents”.
1.     Incorporation of Governing Documents.  The terms and provisions of the Governing Documents are incorporated into and made a part of this Agreement by reference.  In the event of a conflict between any provision of this Agreement and the Governing Documents, the provisions of the Governing Documents will control.  Capitalized terms used in this Agreement and not otherwise defined shall have the meanings ascribed to those terms in the Governing Documents.
2.    Performance Stock Units Awarded.  Grantee is hereby awarded the number of common stock units (the “Performance Stock Units”) first set forth above, subject to the other terms and conditions of this Agreement and the Governing Documents.  Each unit represents the right to receive one share of the Company’s Stock.  
3.    Vesting Period.  The Performance Stock Units are subject to (i) a three-year vesting period beginning on the Grant Date and ending on the third anniversary of such Grant Date (the "Vesting Period") and (ii) the Performance Criteria set forth in Exhibit A attached hereto.  The Performance Stock Units will be forfeited by Grantee and no benefits will be payable under this Agreement if Grantee’s service with the Company and its Subsidiaries ends prior to the last day of the Vesting Period, except as otherwise provided in the Governing Documents.  
4.    Payment.  Within 60 days following the conclusion of the Vesting Period, Grantee shall receive a number of shares of Stock (in certificate or book entry form and rounded to the nearest whole share) equal to the number of Performance Stock Units with respect to which the Performance Criteria have been satisfied; provided, however, that if the Grantee’s service with the Company and its Subsidiaries ends earlier than the end of the Vesting Period under circumstances that entitle the Grantee to payment, then the time of payment and the number of shares that the Grantee will receive will be determined in accordance with the Governing Documents.  Any non-vested Performance Stock Units will be forfeited by Grantee and no benefits will be payable under this Agreement with respect to such non-vested Performance Stock Units.
5.    Dividend Equivalents.  Grantee shall be entitled to receive Dividend Equivalents as set forth in the Governing Documents.  

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6.    Entire Agreement.  This Agreement, together with the Governing Documents, constitute the entire agreement between the parties with respect to the subject matter hereof and thereof and supersede all prior written or oral negotiations, commitments, representations and agreements with respect thereto.
7.    Receipt of Governing Documents.   Grantee acknowledges receipt of a copy of the Governing Documents.
IN WITNESS WHEREOF, the parties hereto have executed this Agreement as of the Grant Date. This Agreement may be executed in counterparts.
COMPASS MINERALS INTERNATIONAL, INC.	
		
	By:
	 

	Name:
	Steven N. Berger

	Title:
	Senior Vice President Corporate Services

GRANTEE
	
	
	 

        

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EXHIBIT A
PERFORMANCE CRITERIA FOR PERFORMANCE STOCK UNIT AWARD

All of the Performance Stock Units will be forfeited at the end of the applicable Performance Period unless the following Performance Criteria are satisfied.  

	
			
	Performance Period
	rTSR Performance Criteria

	FY __ to __
	The Performance Stock Units earned for the Performance Period will be based on CMP's Total Shareholder Return (TSR) compared to the TSR of the companies comprising the Russell 3000 Index over such Performance Period.

	Benchmark
Ranking
	Percentage of Performance Stock Units Earned

	

	 

	 
	Benchmark and earned percentages will be interpolated on a straight line basis

3Exhibit

	
		
	
	Exhibit 10.4

NON QUALIFIED STOCK OPTION AWARD AGREEMENT
	
		
	Name of Optionee:

	

	Grant Date:

	 

	Number of Option Shares:

	 

	Option Price per Share:

	 

This Agreement evidences the grant by Compass Minerals International, Inc., a Delaware corporation (the “Company”), of a non-qualified stock option to the above-referenced “Optionee”, and  the acceptance of the non-qualified stock option by the Optionee, pursuant to the Compass Minerals International, Inc. 2015 Incentive Award Plan, as may be amended from time to time (the “Plan”), and the Rules, Policies and Procedures adopted by the Committee for the Plan, as may be amended from time to time.  The Plan and the Rules, Policies and Procedures are collectively referred to in this Agreement as the “Governing Documents”.  
1.      Incorporation of Governing Documents.  The terms and provisions of the Governing Documents are incorporated into and made a part of this Agreement by reference.  In the event of a conflict between any provision of this Agreement and the Governing Documents, the provisions of the Governing Documents will control.  Capitalized terms used in this Agreement and not otherwise defined shall have the meanings ascribed to those terms in the Governing Documents.
2.      Option Price.  Subject to terms and conditions of the Governing Documents and this Agreement, Optionee shall have the option (the “Option”) to purchase shares of Stock at the price per share (the “Option Price”) and in the amounts set forth above.  Payment of the Option Price may be made in any manner specified under the Governing Documents.  The Option is not intended to qualify for federal income tax purposes as an “incentive stock option” within the meaning of Section 422 of the Internal Revenue Code of 1986, as amended.  
3.      Term.  The term of the Option shall commence on the Grant Date and expire upon the earlier of:  the seventh (7th) anniversary of the Grant Date, or the time set forth in the Governing Documents.
4.      Vesting and Exercise of Option.  The Option will become vested and exercisable at the  Option Price and with respect to the Number of Option Shares set forth above, in accordance with the following vesting schedule: 
	
		
	Date
	Vested %

	1st anniversary of Grant Date
	25%

	2nd anniversary of Grant Date
	50%

	3rd anniversary of Grant Date
	75%

	4th anniversary of Grant Date
	100%

5.      Entire Agreement.  This Agreement, together with the Governing Documents, constitute the entire agreement between the parties with respect to the subject matter hereof and thereof and supersede all prior written or oral negotiations, commitments, representations and agreements with respect thereto.
6.      Receipt of Governing Documents.  Optionee acknowledges receipt of a copy of the Governing Documents.

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IN WITNESS WHEREOF, the parties hereto have executed this Agreement as of the Grant Date.  This Agreement may be executed in counterparts.
COMPASS MINERALS INTERNATIONAL, INC.	
		
	By:
	 

	Name:
	Steven N. Berger

	Title:
	Senior Vice President Corporate Services

OPTIONEE
	
	
	 

2Exhibit

	
		
	
	Exhibit 10.5

RESTRICTED STOCK UNIT AWARD AGREEMENT
	
		
	Name of Grantee:

	

	Grant Date:

	 

	Number of Shares of Restricted Stock Units:

	 

This Agreement evidences the grant by Compass Minerals International, Inc., a Delaware corporation (the “Company”) of restricted stock units to the above-referenced “Grantee” pursuant to the Compass Minerals International, Inc. 2015 Incentive Award Plan, as may be amended from time to time (the “Plan”), and the Rules, Policies and Procedures adopted by the Committee for the Plan.  The Plan and the Rules, Policies and Procedures are collectively referred to in this Agreement as the “Governing Documents”.  
1.     Incorporation of Governing Documents.  The terms and provisions of the Governing Documents are incorporated into and made a part of this Agreement by reference.  In the event of a conflict between any provision of this Agreement and the Governing Documents, the provisions of the Governing Documents will control.  Capitalized terms used in this Agreement and not otherwise defined shall have the meanings ascribed to those terms in the Governing Documents. 
2.    Restricted Stock Units Awarded.  Grantee is hereby awarded the number of restricted stock units (the “Restricted Stock Units”) first set forth above, subject to the other terms and conditions of this Agreement and the Governing Documents.  Each unit represents one share of the Company’s Stock.
3.    Vesting.  The Restricted Stock Units shall be non-vested, and subject to forfeiture until the third (3rd) anniversary of the Grant Date (the “Vesting Date”); provided that the performance hurdle set forth in Exhibit A has been satisfied.  The Restricted Stock Units will be forfeited by Grantee and no benefits will be payable under this Agreement if Grantee’s service with the Company and its Subsidiaries ends prior to the Vesting Date, except as otherwise provided in the Governing Documents.  
4.    Payment.  Grantee shall receive a number of shares of Stock (in either certificate or book entry form) equal to the Restricted Stock Units subject to this Agreement within 30 days following the Vesting Date; provided, however, that if the Grantee’s service with the Company and its Subsidiaries ends earlier than Vesting Date under circumstances that entitle the Grantee to payment under the Governing Documents, then the time of payment and the number of shares that the Grantee will receive will be determined in accordance with the Governing Documents.
5.    Dividend Equivalents.  Grantee shall be entitled to receive Dividend Equivalents as set forth in the Governing Documents.
6.    Entire Agreement.  This Agreement, together with the Governing Documents, constitute the entire agreement between the parties with respect to the subject matter hereof and thereof and supersede all prior written or oral negotiations, commitments, representations and agreements with respect thereto.
7.    Receipt of Governing Documents.   Grantee acknowledges receipt of a copy of the Governing Documents.

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IN WITNESS WHEREOF, the parties hereto have executed this Agreement as of the Grant Date. This Agreement may be executed in counterparts.
COMPASS MINERALS INTERNATIONAL, INC.	
		
	By:
	 

	Name:
	Steven N. Berger

	Title:
	Senior Vice President Corporate Services

GRANTEE
	
	
	 

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EXHIBIT A
PERFORMANCE HURDLE FOR RESTRICTED STOCK UNIT AWARD

The Restricted Stock Units will be forfeited unless the following performance hurdle is met:

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