Document:

Form of Board of Directors Restricted Stock Units Agreement

 Exhibit 10.1 
 CHIPOTLE MEXICAN GRILL, INC. 
 BOARD OF DIRECTORS 
 RESTRICTED STOCK UNITS AGREEMENT 
  

			
	Name of Participant:	 	                            
		
	No. of RSUs:	 	                     

		
	Grant Date:	 	                     

		
	Vesting Date:	 	                     

 This Board of Directors Restricted Stock Units Agreement (this “Agreement”),
dated as of the Grant Date first stated above, is delivered by Chipotle Mexican Grill, Inc., a Delaware corporation, to the Participant named above (the “Participant”), who is a member of the Board of Directors of the Company.

 Recitals 
 A.
The Company has agreed to grant to the Participant, under the Chipotle Mexican Grill, Inc. Amended and Restated 2006 Stock Incentive Plan (the “Plan”), restricted stock units (“RSUs”) as indicated above (the
“Award”), subject to the terms and conditions hereof and the Plan. 
 B. The Compensation Committee (the
“Committee”) of the Company’s Board of Directors (the “Board”) has approved this Award. 
 Agreement 
 NOW, THEREFORE, the parties hereby agree as follows: 
 1. Definitions. Except as expressly indicated herein, defined terms used in this Agreement have the meanings set forth in the Plan. 
 2. Grant of RSUs. Subject to the terms and conditions hereinafter set forth and the terms and conditions of the Plan, the Company, with the
approval and at the direction of the Committee, hereby grants to the Participant the number of RSUs indicated above. 
 3. Vesting and
Forfeiture of RSUs. 
 (a) Vesting of RSUs. The RSUs subject to this Award shall be subject to the restrictions contained in
this Agreement and subject to forfeiture to the Company unless and until the RSUs have vested in accordance with the terms and conditions of this Agreement. Subject to the terms and conditions of this Agreement, the RSUs will vest in full on the
Vesting Date indicated above or upon the Accelerated Vested Date (as defined herein) provided the Participant remains in continuous service as a member of the Board from the Grant Date until the respective Vesting Date or Accelerated Vesting Date.

 (b) Acceleration of Vesting. Notwithstanding the foregoing subparagraph (a), in the event that prior to the Vesting Date:
(1) the Committee determines that the Participant’s service as a member of the Board was terminated as a result of the Participant’s medically diagnosed permanent physical or mental inability to perform his or her duties as a director
of the Company (“Disability”), (2) the Participant’s service as a member of the Board terminates due to the Participant’s death, or the voluntary retirement of a Participant who has provided at least 6 full years of
service as a member of the Board (whether such service is continuous or interrupted) or (3) the Company undergoes a Change in Control, then all of the unvested RSUs will vest immediately upon the Participant’s termination date or the date
of such Change in Control. Any vesting date described in this Section 3(b) shall be referred to herein as an “Accelerated Vesting Date.” 

 (c) Forfeiture. In the event, in any case prior to the Vesting Date or any Accelerated
Vesting Date, of (1) a termination of Participant’s service as a member of the Board other than under circumstances that would result in an Accelerated Vesting Date, (2) Participant attempting to sell, assign, transfer or otherwise
dispose of, or mortgage, pledge or otherwise encumber any unvested RSUs or (3) any unvested RSUs becoming subject to attachment or any similar involuntary process, then any unvested RSUs shall be forfeited by the Participant to the Company, and
the Participant shall thereafter have no right, title or interest whatever in such RSUs. 
 (d) Effect of Vesting; Issuance of
Unrestricted Stock. The vested RSUs will be settled upon the first to occur of (i) the Vesting Date, (ii) the Participant’s “separation from service” as defined in Section 409A(a)(2)(A)(i) of the Code and the
treasury regulations promulgated thereunder, (iii) a Change in Control that also constitutes a “change in control in the ownership or effective control of the corporation, or in the ownership of a substantial portion of the assets of the
corporation” under Section 409A(a)(2)(a)(v) of the Code and the treasury regulations promulgated thereunder, and (iv) the Participant’s death (the “Settlement Date”). Upon the Settlement Date and pursuant to the
terms and conditions set forth in this Agreement, the Company will issue (subject to Sections 10 and 14) to the Participant a certificate or electronically transfer by book-entry the number of shares of Common Stock of the Company equal to the
number of vested RSUs which are to be settled, which shares of Common Stock shall be free of any transfer or other restrictions arising under this Agreement. 
 Notwithstanding the foregoing and subject to the satisfaction of any tax withholding obligations described in Section 10 below, the Participant may elect to defer the receipt of the Common Stock issuable upon any
of the events that would otherwise be Settlement Date by submitting to the Company a deferral election in the form provided by the Company. In the event the Participant intends to defer the receipt of such Common Stock, the Participant must submit
to the Company a completed deferral election form no later than the Final Election Date (as defined below). By submitting such deferral election form, the Participant represents that [s]he understands the effect of any such deferral under relevant
federal, state and local tax and social security laws, including, but not limited to, the fact that social security contributions may be due upon the Vesting Date notwithstanding the deferral election, and the fact that the deferral may need to
qualify as a “change in the time and form of distribution” under Code § 409(a)(4)(C) in order to avoid immediate taxation of the RSUs and an additional twenty percentage points of tax. The Participant understands that the requirements
of Code § 409A(a)(4)(C) include, among other things, that the deferral election cannot take effect until at least 12 months after the date on which the election is made, it must be made at least 12 months prior to the Vesting Date, and that the
distribution of Common Stock must generally be deferred for an additional period of at least five years. Unless otherwise provided by the Company in a deferral election form, any deferral election may be amended or terminated prior to the Final
Election Date. A deferral election shall become irrevocable on the Final Election Date and any deferral election or revision of a deferral election submitted after the Final Election Date shall be void and of no force or effect. The “Final
Election Date” shall be the last date on which a Participant may make a deferral election consistent with Code § 409A(a)(4)(C) and the treasury regulations promulgated thereunder, but in no event later than 12 months prior to the
Vesting Date. Notwithstanding the previous sentence, if the Participant is qualified to make an “initial deferral decision” under Code § 409A(a)(4)(B) and the treasury regulations promulgated thereunder, the Final Election Date
shall be the last date on which a Participant may make an “initial deferral decision” under Code § 409A(a)(4)(B) and the regulations promulgated thereunder. 
 4. Adjustment of RSUs. The number of RSUs subject to this Award will automatically adjust to prevent accretion, or to protect against dilution, in
the event of a change to the Company’s Common Stock resulting from a recapitalization, stock split, consolidation, spin-off, reorganization, or liquidation or other similar transactions and any transaction in which shares of Common Stock are
changed into or exchanged for a different number or kind of shares of stock or other securities of the Company or another corporation. 
 5. No Rights as a Stockholder. As of the Grant Date, the Participant shall have no rights as a stockholder of the Company with respect to the RSUs (including voting rights and the right to receive dividends and other distributions),
except as otherwise specifically provided in this Agreement; provided that dividends and other distributions paid on the Common Stock shall be credited to the Participant in an amount equal to the amount that would have been payable or distributable
to the Participant had the Common Stock underlying the RSUs been issued and outstanding as of the record date for such dividend or distribution, to be held by the Company on the Participant’s behalf and made subject to the same vesting
conditions applicable to the underlying RSUs. At the time of delivery of the underlying shares of Common Stock, the Company shall distribute to the Participant all dividends 

 
or distributions previously paid with respect to the RSUs that vested hereunder. In the event the Participant forfeits RSUs, the Participant shall also
immediately forfeit any dividends or distributions held by the Company that are attributable to the Common Stock underlying such forfeited RSUs. 
 6. Non-Transferability of Award. The RSUs shall not be assignable or transferable by the Participant prior to their vesting in accordance with Section 3. In addition, RSUs shall not be subject to attachment, execution or other
similar process prior to vesting. 
 7. No Employment Relationship. The granting of the Award shall not be construed as granting to
the Participant any right with respect to employment with the Company, and Participant acknowledges and agrees that [s]he is not an employee of the Company. 
 8. Amendment of RSUs Award. The Award or the terms of this Agreement may be amended by the Board or the Committee at any time (a) if the Board or the Committee determines, in its reasonable discretion,
that amendment is necessary or advisable in the light of any addition to or change in the Code or in the regulations issued thereunder, or any federal or state securities law or other law or regulation, which change occurs after the Grant Date and
by its terms applies to the Award; provided that, such amendment shall not materially and adversely affect the rights of the Participant hereunder; or (b) other than in the circumstances described in clause (a), with the consent of the
Participant. 
 9. Notice. Any notice to the Company provided for in this Agreement shall be addressed to the Company in care of its
Secretary at its executive offices at 1401 Wynkoop, Suite 500, Denver, Colorado 80202, and any notice to the Participant shall be addressed to the Participant at the current address shown on the payroll records of the Company. Any notice shall be
deemed to be duly given if and when properly addressed and posted by registered or certified mail, postage prepaid. 
 10. Tax
Consequences and Withholding. As of the Grant Date, or at any time thereafter as requested by the Company, the Participant hereby authorizes withholding from payroll and any other amounts payable to the Participant, and otherwise agrees to make
adequate provision for, the minimum sums required to be withheld to satisfy the federal, state, local and foreign tax withholding obligations of the Company, if any, which arise in connection with the Award. Unless the tax withholding obligations of
the Company are satisfied, the Company shall have no obligation to issue a certificate or book-entry transfer for such shares. 
 11.
Governing Plan Document. The Award is subject to all the provisions of the Plan, the provisions of which are hereby made a part of this Agreement, and is further subject to all interpretations, amendments, rules and regulations which may from
time to time be promulgated and adopted pursuant to the Plan. In the event of any conflict between the provisions of the Award or this Agreement and those of the Plan, the provisions of the Plan shall control. 
 12. Governing Law. The validity, construction, interpretation and effect of this Agreement shall exclusively be governed by and determined in
accordance with the laws of the State of Delaware, except to the extent preempted by federal law, which shall to the extent of such preemption govern. 
 13. Integrated Agreement. This Agreement and the Plan constitute the entire understanding and agreement between the Company and the Participant with respect to the subject matter contained herein and supersedes
any prior agreements, understandings, restrictions, representations, or warranties between the Company and the Participant with respect to such subject matter other than those as set forth or provided for herein. 
 14. Securities Matters. The Company shall not be required to deliver any shares of Common Stock, or any certificates therefore or book-entry
transfer notation thereof, 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. 

 15. Saving Clause. If any provision(s) of this Agreement shall be determined to be illegal or
unenforceable, such determination shall in no manner affect the legality or enforceability of any other provision hereof. 
 IN WITNESS
WHEREOF, the parties have executed this Agreement effective as of the Grant Date specified above. 
  

			
	CHIPOTLE MEXICAN GRILL, INC.
		
	By:	 	  

		
		 	  

		
		 	  

		
		 	  

	
	ACCEPTED AND AGREED TO:
	
	  

	
	                            ,
ParticipantAmendment, dated as of Sept 4, 2008, to Amended and Restated Credit Agreement

 Exhibit 4.ii.e. 
 THIRD AMENDMENT dated as of September 4, 2008, to the Amended and Restated Credit Agreement dated as of February 18, 2005, as
amended and restated as of December 1, 2006, as amended (the “Credit Agreement”), by and among THE MOSAIC COMPANY, MOSAIC FERTILIZER, LLC, MOSAIC GLOBAL HOLDINGS INC., MOSAIC POTASH COLONSAY ULC, the Foreign Borrowing
Subsidiaries party thereto, the LENDERS party thereto and JPMORGAN CHASE BANK, N.A., as Administrative Agent. 
 WHEREAS, the Borrowers have
requested that the Lenders approve amendments to certain provisions of the Credit Agreement; and 
 WHEREAS, the undersigned Lenders are
willing, on the terms and subject to the conditions set forth herein, to approve such amendments; 
 NOW, THEREFORE, in consideration of the
premises and other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the Borrowers and the undersigned Lenders hereby agree as follows: 
 SECTION 1. Defined Terms. Capitalized terms used but not defined herein have the meanings assigned to them in the Credit Agreement (as amended
hereby). 
 SECTION 2. Amendment of Section 1.01. Section 1.01 of the Credit Agreement is hereby amended by inserting the
following definitions in the appropriate alphabetical order therein: 
 “Saskferco Notes Sale” means the sale of the
“Subordinated Shareholders Notes” pursuant to the “Subordinated Note Purchase Agreement” (each as defined in the Saskferco Sale Agreement). 
 “Saskferco Shares Sale” means the sale by Saskferco Products Limited Partnership of the shares of Saskferco Products ULC pursuant to the Saskferco Sale Agreement. 
 “Saskferco Sale Agreement” means the Share Purchase Agreement dated July 14, 2008, between Yara International ASA, Saskferco
Products Limited Partnership, Investment Saskatchewan Inc., The Mosaic Company and Saskferco Products ULC. 
 SECTION 3. Amendment of
Section 2.11. Section 2.11 of the Credit Agreement is hereby amended by adding the following paragraph at the end of such Section: 
 (g) Notwithstanding the foregoing provisions of this Section 2.11, in the event of a mandatory prepayment of Term Borrowings attributable to Net Proceeds of the Saskferco Notes Sale (i) such prepayment shall
be made within 10 Business 

 
Days after such Net Proceeds are received, (ii) the Parent Borrower shall notify the Administrative Agent of such prepayment within one Business Day
after such Net Proceeds are received (and the Administrative Agent shall promptly notify the Lenders thereof), (iii) any Lender may elect, by notice to the Administrative Agent at least one Business Day before the date of the prepayment, to
decline all or any portion of its share of such prepayment and (iv) if any Lender so declines all or any portion of its share of such prepayment, then the amount of such prepayment allocable to each Lender that does not decline its share of
such prepayment shall be applied ratably to the Loans of such Lender included in each Term Borrowing, subject to the second proviso to paragraph (e) of this Section. The other paragraphs of this Section shall apply to any such prepayment to the
extent not inconsistent with this paragraph. 
 SECTION 4. Amendment of Section 6.02. Section 6.02(a) of the Credit
Agreement is hereby amended by deleting the word “and” appearing at the end of clause (xiv) thereof, inserting “; and” at the end of clause (xv) and inserting the following after clause (xv): 
 (xvi) the escrow of a portion of the proceeds from the Saskferco Shares Sale as required by the Saskferco Sale Agreement. 
 SECTION 5. Representations and Warranties. Each of the U.S. Borrowers represents and warrants to each of the Lenders that, after giving effect to
the amendments contemplated hereby, (a) the representations and warranties of the Borrowers set forth in the Loan Documents are true and correct on and as of the Amendment Effective Date and (b) no Default has occurred and is continuing.

 SECTION 6. Effectiveness. This Amendment shall become effective as of the date (the “Amendment Effective Date”)
when the Administrative Agent (or its counsel) shall have received (a) copies hereof that, when taken together, bear the signatures of the Borrowers and the Required Lenders and (b) to the extent invoiced, payment of all out-of-pocket
expenses required to be paid or reimbursed by any Loan Party hereunder or under any other Loan Document. 
 SECTION 7. Applicable Law.
This Amendment shall be construed in accordance with and governed by the law of the State of New York. 
 SECTION 8. No Other
Amendments. Except as expressly set forth herein, this Amendment shall not by implication or otherwise limit, impair, constitute a waiver of, or otherwise affect the rights and remedies of any party under, the Credit Agreement, nor alter,
modify, amend or in any way affect any of the terms, conditions, obligations, covenants or agreements contained in the Credit Agreement, all of which are ratified and affirmed in all respects and shall continue in full force and effect. This
Amendment shall apply and be effective only with respect to the provisions of the Credit Agreement specifically referred to herein. This Amendment shall constitute a Loan Document. 

 SECTION 9. Counterparts. This Amendment may be executed in two or more counterparts, each of which
shall constitute an original, but all of which when taken together shall constitute but one contract. Delivery of an executed counterpart of a signature page of this Amendment by facsimile transmission (or any other means of electronic transmission)
shall be as effective as delivery of a manually executed counterpart of this Amendment. 
 SECTION 10. Headings. Section headings used
herein are for convenience of reference only, are not part of this Amendment and are not to affect the construction of, or to be taken into consideration in interpreting, this Amendment. 
 SECTION 11. Expenses. The Primary Borrowers shall reimburse the Administrative Agent for its reasonable out-of-pocket expenses incurred in
connection with this Amendment, including the reasonable fees and expenses of Cravath, Swaine & Moore LLP, counsel for the Administrative Agent. 
 [Remainder of page left blank] 

 IN WITNESS WHEREOF, the Borrowers and the Lenders have caused this Amendment to be duly executed by their
duly authorized officers, all as of the date first above written. 
  

			
	THE MOSAIC COMPANY,
		
	By	 	  

		 	Name:
		 	Title:
	
	 MOSAIC FERTILIZER, LLC,

		
	By	 	  

		 	Name:
		 	Title:
	
	 MOSAIC GLOBAL HOLDINGS INC.,

		
	By	 	  

		 	Name:
		 	Title:
	
	MOSAIC POTASH COLONSAY ULC,
		
	By	 	  

		 	Name:
		 	Title:

			
	 JPMORGAN CHASE BANK, N.A.,
 individually and as Administrative Agent,

		
	By	 	  

		 	Name:
		 	Title:

 SIGNATURE PAGE TO THIRD AMENDMENT dated as of September 4, 2008, to the Amended And Restated Credit
Agreement dated as of February 18, 2005, as amended and restated as of December 1, 2006, as amended, among THE MOSAIC COMPANY, MOSAIC FERTILIZER, LLC, MOSAIC GLOBAL HOLDINGS INC., MOSAIC POTASH COLONSAY ULC, the Foreign Borrowing
Subsidiaries party thereto, THE LENDERS party thereto, and JPMORGAN CHASE BANK, N.A. as Administrative Agent, 
  

					
	Name of Institution:
			
		 	By	 	  

		 		 	Name:
		 		 	Title:

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