Document:

Senior Executive Compensation Program dated February 19, 2008

 Exhibit 10.17 
  
  
  
  
 NEWMONT 
 SENIOR EXECUTIVE
COMPENSATION PROGRAM 
  
 (Effective January 1, 2008) 

  
  
  

 TABLE OF CONTENTS 
  

			
	 	  	Page
	 SECTION  I       DEFINITIONS
	  	1-2
		
	 1.1 “AICP Corporate Performance Bonus”
	  	1
		
	 1.2 “Common Stock”
	  	1
		
	 1.3 “Employee Target AICP Corporate Performance Bonus”
	  	1
		
	 1.4 “Financial Performance Bonus”
	  	1
		
	 1.5 “Performance Period”
	  	2
		
	 1.6 “Performance Stock”
	  	2
		
	 1.7 “Strategic Objectives Bonus”
	  	2
		
	 1.8 “Target Financial Performance Bonus”
	  	2
		
	 1.9 “Terminated Eligible Employee”
	  	2
		
	 SECTION  II     ELIGIBILITY
	  	2-3
		
	 SECTION  III    FINANCIAL PERFORMANCE BONUS
	  	3-4
		
	 3.1 Determination of Financial Performance Bonus—In General
	  	3
		
	 3.2 Separation of Employment and Payment of Financial Performance Bonus
	  	3
		
	 3.3 Form of Payment
	  	3
		
	 3.4 Restrictions on Performance Stock
	  	3
		
	 3.5 Timing of Payment
	  	4
		
	 SECTION  IV   AICP CORPORATE PERFORMANCE BONUS
	  	4
		
	 4.1 Determination of AICP Corporate Performance Bonus—In General
	  	4
		
	 4.2 Separation of Employment and Payment of AICP Corporate Performance Bonus
	  	4
		
	 SECTION  V     STRATEGIC OBJECTIVES BONUS
	  	4
		
	 5.1 Determination of Strategic Objectives Bonus—In General
	  	4
		
	 5.2 Separation of Employment and Payment of Strategic Objectives Bonus
	  	4
		
	 SECTION  VI   CHANGE OF CONTROL
	  	5
		
	 SECTION  VII  GENERAL PROVISIONS
	  	5-6

  

 ii 

 NEWMONT 
 SENIOR EXECUTIVE COMPENSATION PROGRAM 
 (Effective as of January 1, 2008) 
 PURPOSE 
 This Senior Executive
Compensation Program includes the Financial Performance Share program, Strategic Objectives Bonus and AICP Corporate Performance Bonus for the eligible participants. The purpose of the Financial Performance Share program and the ACIP Corporate
Performance Bonus is to provide eligible Employees of Newmont Mining or a Participating Employer a direct interest in the success of the operations of Newmont Mining. The purpose of the Strategic Objectives Bonus is to provide eligible Employees of
Newmont Mining or a Participating Employer additional incentive to meet strategic objectives set by the Compensation Committee. The eligible Employees of Newmont Mining or a Participating Employer will be rewarded in accordance with the terms and
conditions described below. 
 I. DEFINITIONS 
 The capitalized terms used in this compensation program shall have the same meaning as the capitalized terms in the Annual Incentive Compensation Program (“AICP”), unless otherwise defined or stated herein.
The terms set forth in this Section shall have the meaning set forth below. 
 1.1 “AICP Corporate Performance Bonus” means
the bonus payable pursuant to Section 4.1 (or portion thereof as provided in Section 4.2). 
 1.2 “Common Stock”
means the $1.60 par value common stock of Newmont Mining Corporation. 
 1.3 “Employee Target AICP Corporate Performance Bonus”
means the target bonus for eligible Employees as set forth in Appendix B. 
 1.4 “Financial Performance Bonus” means the
bonus payable to an eligible Employee in the form of Performance Stock under this compensation program with respect to a Performance Period (or portion thereof as provided in Section 3.2), which shall be determined by multiplying the eligible
Employee’s Target Financial Performance Bonus times the Aggregate Payout Percentage calculated in accordance with the Annual Incentive Compensation Program. In 2008 the Financial Performance Bonus will be calculated using only 2008 AICP
results. In 2009, Financial Performance Bonus will be calculated using 40% weighting of 2008 AICP results and 60% weighting of 2009 AICP results. In 2010, the three-year weighted Financial Performance Bonus calculation will go into effect, and will
remain going forward. The three-year weighted Financial Performance Bonus calculation is comprised of 20% weighting for the first year (two years ago) of AICP bonus, 30% weighting for the second year (one year ago) of AICP bonus, and 50% weighting
for the third year (the current year) of AICP bonus. The Performance Stock awarded as a 

 
Financial Performance Bonus shall have terms and conditions, and shall be subject to such restrictions as defined by the Compensation Committee. 

1.5 “Performance Period” means the calendar year over which the Compensation Committee will calculate and determine the Financial
Performance Bonus, AICP Corporate Performance Bonus and Strategic Objectives Bonus. 
 1.6 “Performance Stock” means the
right to receive from Newmont Mining the number of shares of $1.60 par value common stock of Newmont Mining Corporation, subject to the contingencies, terms and conditions of this compensation program. Eligible Employees who are participants in
this program shall not have any rights as a shareholder of Newmont Mining with respect to the Performance Stock, including but not limited to the right to vote such Performance Stock or to receive dividends with respect to such Performance Stock,
until such shares of Performance Stock have actually been issued to the eligible Employee and transferred on the books and records of Newmont Mining. 
 1.7 “Strategic Objectives Bonus” means the cash bonus payable to an eligible Employee based on the individual contribution of such eligible Employee to achievement of the Corporation’s strategic
objectives during the Performance Period, as set forth in section 5.1, (or portion thereof as provided in Section 5.2). 
 1.8
“Target Financial Performance Bonus” means the number of shares equivalent to the percentage of base salary set by the Compensation Committee which is set forth in Appendix A, using the average closing price of Newmont Mining
Corporation common stock for the month of December of the calendar year prior to the year in which the Financial Performance Bonus shall be measured. 
 1.9 “Terminated Eligible Employee” for purposes of the Financial Performance Bonus means executive grade level Employee of Newmont Mining and/or a Participating Employer who directly reported to the
Chief Executive Officer of Newmont Mining Corporation and the Chief Executive Officer of Newmont Mining Corporation during the relevant Performance Period who terminates employment with Newmont Mining and/or a Participating Employer during the
relevant Performance Period on account of death, retirement, or Disability. “Terminated Eligible Employee” for purposes of the AICP Corporate Performance Bonus and the Strategic Objectives Bonus shall have the same meaning as in the
AICP. 
 II. ELIGIBILITY 
 All executive grade level Employees of Newmont Mining and/or a Participating Employer who directly report to the Chief Executive Officer of Newmont Mining Corporation and the Chief Executive Officer of Newmont Mining Corporation, are
eligible to receive a Financial Performance Bonus, AICP Corporate Performance Bonus and Strategic Objectives Bonus under this program, provided (i) they are on the payroll of Newmont Mining and/or a Participating Employer as of the last day of
the relevant Performance Period, and at the time the award is granted, or (ii) they are a Terminated Eligible Employee with respect to such Performance Period. Eligible Employees who are 

  

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on short-term disability under the Short-Term Disability Plan of Newmont, or a successor plan, or not working because of a work-related injury as of the last
day of the Performance Period, but are still on the payroll of Newmont Mining and/or a Participating Employer shall be eligible to receive a Financial Performance Bonus, AICP Corporate Performance Bonus and Strategic Objectives Bonus.
Notwithstanding the foregoing provisions of this Section II, the Compensation Committee may, prior to the end of any Performance Period, exclude from or include in eligibility for participation under this program with respect to such
Performance Period any executive grade level Employees of Newmont Mining and/or a Participating Employer. If an Employee of Newmont or a Participating Employer is eligible to participate in this program, such Employee is not eligible to participate
in the Annual Incentive Compensation Program or the Employee Performance Incentive Compensation Program. 
 III. FINANCIAL PERFORMANCE
BONUS 
 3.1 Determination of Financial Performance Bonus—In General. The Financial Performance Bonus shall be
calculated as soon as reasonably practicable after the Compensation Committee determines the Aggregate Payout Percentage. Following such determination, payment of the Financial Performance Bonus shall be made to eligible Employees as soon as
reasonably practicable, in accordance with Section 3.3 below. 
 3.2 Separation of Employment and Payment of Financial Performance
Bonus. 
 (a) In the event an eligible Employee separates employment from Newmont Mining or a Participating Employer as a result
severance under the Severance Plan of Newmont (or any successor plan), prior to payment of the Financial Performance Bonus, such eligible Employee is not entitled to payment of the Financial Performance Bonus in any amount. 
 (b) In the event an eligible Employee separates employment from Newmont Mining or a Participating Employer as a result of death, Disability or retirement
as defined in the Pension Plan of Newmont (or any successor plan), regardless of the Employee’s participation in the Pension Plan of Newmont (or any successor plan), prior to payment of the Financial Performance Bonus, such eligible Employee is
a Terminated Eligible Employee and shall receive a Financial Performance Bonus at target level, pro-rated for the time of employment during the Performance Period. 
 3.3 Form of Payment. The amount of Financial Performance Bonus payable under this compensation program shall be paid in Performance Stock (payable in whole shares only rounded up to the nearest share).
The Performance Stock shall be subject to the restrictions set forth in Section 3.4 below. 
 3.4 Restrictions on Performance
Stock. 
 (a) Newmont Mining shall issue Performance Stock to eligible Employees for one-third of the Financial Performance Bonus
without any restrictions as soon as practicable following the end of the Performance Period. Newmont Mining shall issue Performance Stock for the remainder of the Financial Performance Bonus and such stock 

  

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shall be restricted and have a two-year vesting period, with one-half of the Performance Stock vesting each year on the anniversary of the date of grant.

 (b) Shares of Performance Stock issued hereunder as a part of a Financial Performance Bonus shall not be subject to transfer by the
eligible Employee until such Performance Stock vests in accordance with Section 3.4(a), at which time such Performance Stock may be freely transferred by the eligible Employee subject to all applicable laws, regulations and Newmont Mining
policies. 
 3.5 Timing of Payment. Payment under this program will be made no
later than the 15th day of the third month following the calendar year in which an Employee’s right to payment is no longer subject to a
substantial risk of forfeiture. 
 IV. AICP CORPORATE PERFORMANCE BONUS 
 4.1 Determination of AICP Corporate Performance Bonus—In General. The AICP Corporate Performance Bonus shall be determined and paid in
conformance with the determination and payment of the Corporate Performance Bonus in the AICP, utilizing the Employee Target AICP Corporate Performance Bonus attached in Appendix B, rather than the Target Performance Level attached to the AICP.

 4.2 Separation of Employment and Payment of AICP Corporate Performance Bonus. In the event an eligible Employee separates
employment from Newmont Mining or a Participating Employer and is a Terminated Eligible Employee, the AICP Corporate Performance Bonus shall be paid in accordance with the Terminated Eligible Employee provisions of the AICP. 
 V. STRATEGIC OBJECTIVES BONUS 
 5.1 Determination of Strategic Objectives Bonus—In General. At the end of each Performance Period, the Compensation Committee will evaluate each eligible Employee’s performance against relevant strategic objectives
and award a Strategic Objectives Bonus, up to the maximum amounts listed in Appendix C. The Compensation Committee will seek the input of the Chief Executive Officer on the Strategic Objectives Bonuses to be awarded to other eligible Employees.
Following such determination, payment of the Strategic Objectives Bonus shall be made to eligible Employees as soon as reasonably practicable. 
 5.2 Separation of Employment and Payment of Strategic Objectives Bonus. In the event an eligible Employee separates employment from Newmont Mining or a Participating Employer and is a Terminated Eligible Employee, the
Strategic Objectives Bonus shall be paid at 50% of the maximum level shown on Appendix C, pro-rated for the time of employment during the Performance Period. 
  

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 VI. CHANGE OF CONTROL 
 6.1 In General. In the event of a Change of Control (as defined in the AICP), each eligible Employee (including Terminated Eligible
Employees who terminate employment during the Performance Period in which the Change of Control occurs) shall become entitled to the payment of an AICP Corporate Performance Bonus, in accordance with the provisions of the AICP and 50% of the maximum
Strategic Objectives Bonus, pro-rated for partial service during any Performance Period. 
 VII. GENERAL PROVISIONS 

7.1 Reimbursement. The Compensation Committee, to the full extent permitted by governing law, shall have the discretion to require
reimbursement of any portion of a Financial Performance Bonus and AICP Corporate Performance Bonus previously paid to an eligible Employee pursuant to the terms of this compensation program if: a) the amount of such Financial Performance Bonus or
AICP Corporate Performance Bonus was calculated based upon the achievement of certain financial results that were subsequently the subject of a restatement, and b) the amount of such Financial Performance Bonus or AICP Corporate Performance Bonus
that would have been awarded to the eligible Employee had the financial results been reported as in the restatement would have been lower than the Financial Performance Bonus or AICP Corporate Performance Bonus actually awarded. 
 7.2 Section 83(b) Election. The Compensation Committee may, in its sole discretion, require the eligible Employee to agree not to make
an election pursuant to Section 83(b) of the Code as a condition for the receipt of common stock hereunder. 
 7.3 Withholding
Taxes. All bonuses payable hereunder shall be subject to the withholding of such amounts as Newmont Mining or a Participating Employer may determine is required to be withheld pursuant to any applicable federal, state or local law or
regulation. The Compensation Committee may, in its sole discretion, permit eligible Employees to satisfy the minimum withholding applicable to the portion of the bonus payable in shares of Performance Stock by causing Newmont Mining to withhold the
appropriate number of shares of Performance Stock from the bonus otherwise payable and to make the requisite withholding payments on behalf of the eligible Employee. 
 7.4 Issuance of Stock. Shares of Performance Stock issued under this compensation program may be issued pursuant to the provisions of any stock plan of Newmont Mining or as otherwise determined in the
sole discretion of the Compensation Committee. 
 7.5 General Operation and Amendment. Notwithstanding anything contained in
this compensation program to the contrary, this compensation program shall be administered and operated in accordance with any applicable laws and regulations including but not limited to laws affecting the timing of payment of any bonus under this
compensation program. The Compensation Committee or its delegate reserves the right to amend this compensation program at any time in order for this compensation program to comply with such laws or regulations. 
  

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 7.6 Right of Offset. To the extent permitted by applicable law, Newmont Mining or a
Participating Employer may, in its sole discretion, apply any bonus payments otherwise due and payable under this compensation program against debts of an eligible Employee to Newmont Mining or an Affiliated Entity. By accepting payments under this
compensation program, all eligible Employees shall consent to the reduction of any compensation paid to the eligible Employee by Newmont Mining or an Affiliated Entity to the extent the eligible Employee receives an overpayment from this
compensation program. 
 7.7 Termination. The Board may at any time amend, modify, suspend or terminate this compensation
program; provided, however, that the Compensation Committee may, consistent with its administrative powers, waive or adjust provisions of this compensation program as it determines necessary from time to time. 
 7.8 Severability. If any section, subsection or specific provision is found to be illegal or invalid for any reason, such illegality or
invalidity shall not affect the remaining provisions of this compensation program, and this compensation program shall be construed and enforced as if such illegal and invalid provision had never been set forth in this compensation program.

 7.9 No Right to Employment. The establishment of this compensation program shall not be deemed to confer upon any eligible
Employee any legal right to be employed by, or to be retained in the employ of, Newmont Mining, a Participating Employer or any Affiliated Entity, or to give any eligible Employee any right to receive any payment whatsoever, except as provided under
this compensation program. All eligible Employees shall remain subject to discharge from employment to the same extent as if this compensation program had never been adopted. 
 7.10 Transferability. Any bonus payable hereunder is personal to the eligible Employee and may not be sold, exchanged, transferred,
pledged, assigned or otherwise disposed of except by will or by the laws of descent and distribution. 
 7.11 Successors. This
compensation program shall be binding upon and inure to the benefit of Newmont Mining and eligible Employees and their respective heirs, representatives and successors. 
 7.12 Governing Law. This compensation program and all agreements hereunder shall be construed in accordance with and governed by the laws of the State of Colorado, unless superseded by federal law.

 7.13 Fair Market Value. All stock granted pursuant to this document shall be granted at fair market value. 
  

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 APPENDIX A 
 Target Financial Performance Bonus 
  

			
	 Grade
	 	 Percentage of Base Salary

	 E-1
	 	135%
	 E-2
	 	—  
	 E-3
	 	110%
	 E-4
	 	67.5%

 APPENDIX B 
 Employee Target AICP Corporate Performance Bonus 
  

			
	 Grade
	 	 Percentage of Base Salary

	 E-1
	 	62.5%
	 E-2
	 	—  
	 E-3
	 	37.5%
	 E-4
	 	25%

 APPENDIX C 
 Maximum Strategic Objectives Bonuses 
  

			
	 Pay Grade
	 	 Maximum Strategic
 Objectives Bonus
 as a Percentage
of
 Base Salary

	 E-1
	 	125%
	 E-2
	 	—  
	 E-3
	 	75%
	 E-4
	 	50%Employment Agreement effective January 1, 2007

 Exhibit 10.25 
 EMPLOYMENT AGREEMENT 
 This Employment Agreement (this “Agreement”) is entered into and
effective as of January 1, 2007, (the “Effective Date”) by and between Newmont Global Employment Limited Partnership, a Bermuda Exempted Partnership, having its principal executive offices in Denver, Colorado (“Newmont”),
and Pierre Lassonde (“Executive”). 
 I. RECITALS 
 A. Newmont and Executive entered into an Employment Agreement having an effective date of February 16, 2003, and Newmont and Executive subsequently amended the February 16, 2003 Employment Agreement on
February 16, 2004 and July 28, 2005. 
 B. Newmont and Executive desire to terminate the February 16, 2003 Employment Agreement and the
February 16, 2004 and July 28, 2005 amendments of such Employment Agreement. 
 II. COVENANTS 
 In consideration of the mutual promises and conditions contained in this Agreement, and other good and valuable consideration, the receipt and
sufficiency of which are hereby acknowledged, the parties agree as follows: 
 A. Termination of Prior Employment Agreement: Newmont and Executive
hereby agree to the termination of the February 16, 2003 Employment Agreement and the February 16, 2004 and July 28, 2005 amendments of such Employment Agreement, as of the Effective Date of this Agreement. 
 B. Term of Employment and Secondment: This Agreement shall be effective from the Effective Date to April 30, 2007 (the “Term”). The Term may only
be extended by a written agreement between the parties. The Executive acknowledges and agrees that Newmont, in its sole discretion, may second the Executive to the Company’s indirect parent Corporation, Newmont Mining Corporation, a Delaware
Corporation, and/or Newmont’s affiliate, Newmont USA Limited, and/or to any other affiliate of Newmont Mining Corporation, with or without a written secondment agreement, for all of any part of the term of this Agreement. In the event of such
secondment, the Executive will operate as a seconded employee of seconding affiliate. 
 C. Position and Duties: The Executive shall serve as Vice
Chairman of Newmont Mining Corporation and shall perform duties subject to the overall policies and directions of Newmont Mining Corporation’s Chief Executive Officer. In performing his duties hereunder, the Executive shall comply with all
laws, regulations, decrees, codes, ordinances, resolutions, and other acts of any governmental authority, including without limitation those addressing the preservation of health, safety, and the environment, the U.S. Foreign Corrupt 

 
Practices Act (which prohibits the direct or indirect delivery of anything of value to government officials to secure an improper advantage), and other laws
that are applicable to this Agreement or the Executive’s performance of his duties hereunder. 
 D. Prohibited Competitive Activities: As of the
Effective Date, Executive shall not directly or indirectly render services of a business or professional, or commercial nature to any person or firm other than for Newmont or any of its affiliates, whether for compensation or otherwise, without the
prior express authorization of the Chief Executive Officer of Newmont. 
 E. Compensation and Benefits: 
 1. Salary: Newmont shall pay the Executive a base salary at a monthly rate of twenty-thousand eight-hundred and thirty-four United States dollars
(U.S. $20,834), converted into Canadian dollars. Such salary shall be earned and shall be payable in periodic installments in accordance with Newmont’s general payroll practices. Executive’s monthly salary shall be reduced by standard
withholding taxes and other legally authorized deductions. 
 2. Health and Welfare Benefit Plans: Executive shall be entitled to
participate in health, dental, vision and disability plans maintained by Newmont USA Limited, or plans of any of its affiliates during the Term and following the Term pursuant to the terms of the applicable plans. 
 3. Stock and Bonus Pay Practices: Executive shall not participate in any cash bonus or stock bonus practices of Newmont USA Limited, or any of its
affiliates during the Term, including the Annual Incentive Compensation Practice, Employee Performance Incentive Compensation Payroll Practice or stock option grant practice. 
 4. Executive Change of Control Plan: Executive shall not participate in the Executive Change of Control Plan of Newmont. 
 5. Severance Plan: Executive shall not participate in the Severance Plan of Newmont. 
 6. Life Insurance: Executive is entitled to participate in the Officers’ Death Benefit Plan of Newmont, pursuant to the terms of such plan.

 7. Retirement Benefits: Executive shall continue to participate in the International Retirement Plan during the Term. 
 8. Club Memberships: Newmont will provide reimbursement to Executive for business club memberships such as the University Club or the Brown Palace
Club. 
 9. Expenses: Newmont shall reimburse Executive for reasonable expenses for parking, cellular telephone usage, travel, meals,
lodging and similar items incurred 

  

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in the conduct of the business of Newmont and its affiliates. Newmont shall reimburse such expenses in accordance with Newmont’s general expense
reimbursement policies. 
 10. Office Space and Assistance: Newmont shall provide Executive with office space as well as access to
secretarial assistance in both locations. 
 11. Tax Preparation Services: Newmont shall not reimburse Executive or pay for the costs
of any tax preparation services for the 2007 tax year. 
 F. Termination of Employment By Company: The Company may terminate the Executive’s
employment for Cause, as defined below. Cause shall mean: 
 1. the willful and continued failure of the Executive to perform substantially
the Executive’s duties with the Company or one of its affiliated entities (other than any such failure resulting from incapacity due to physical or mental illness) or his failure to follow policies, directions or the Company’s code of
conduct, after a written demand for substantial performance is delivered to the Executive by the Board of its delegate. Such written demand shall identify the manner in which the Board or its delegate believes that the Executive has not
substantially performed the Executive’s duties. Notwithstanding the foregoing, written demand for substantial performance shall not be required if the Board or its delegate determines that immediate action, including termination of the
Executive, is necessary to avoid potential injury or harm to the Company or any person; or 
 2. the engaging by the Executive in illegal
conduct or gross negligence or willful misconduct which is potentially injurious to the Company or any affiliated entity; provided that if the Executive acts in accordance with an authorized written opinion of the Company’s or an affiliated
entity’s legal counsel, such action will not constitute “Cause” under this definition; or 
 3. any dishonest or fraudulent
activity by the Executive or the reasonable belief by the Company of the Executive’s breach of any contract, agreement or representation with the Company or an affiliated entity. 
 In the event the Company determines that Cause exists and the Company terminates executive’s employment, the Company shall have no contractual payment or other contractual obligations to Executive pursuant to the
terms of this Agreement. 
 G. Termination of Employment by Executive: Executive may terminate the Executive’s employment with the Company at any
time for any reason. In the event the Executive does terminate employment with the Company for any reason, Company shall have no contractual payment or other contractual obligations to Executive pursuant to the terms of this Agreement. 

H. Resignation, Retirement or End of Term: On and as of the date of the termination of employment of Executive, either at the initiation of the Executive or
the Company for 

  

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any reason, or upon the end of the Term, the Executive shall resign from his position as an employee of the Company and from all other positions he holds
with the Company or with third parties at the request of the Company; provided, however, that the Executive’s position as director of Newmont Mining Corporation shall not be subject to this requirement and the Executive shall remain in such
position subject to the normal terms and conditions of such directorship. 
 I. Exclusive Remedy: Except for the payments and benefits provided in
this Agreement, upon expiration of the Term or termination of employment for any reason, the Executive shall have no other claims against, or be entitled to no other payments or benefits from the Company pursuant to the Company’s policies,
plans or other arrangements. 
 J. Confidential Information: During and after the Term of employment, the Executive shall not use or disclose any
secret, confidential or proprietary information, knowledge or data relating to the Company or any of its affiliates, present and future, and their respective businesses, which were obtained by the Executive during his employment with the Company,
unless such information is within the public knowledge at the time of the disclosure by the Executive (other than by acts of the Executive or his representatives in violation of this Agreement). However, nothing in this Agreement shall restrict or
preclude Executive from, or otherwise influence Executive in, testifying fully and truthfully in legal or administrative proceedings against Company, as required by law or formal legal process. 
 K. Non-Compete: Other than performing duties for the Company and any of its affiliates during the Term and for a period of one (1) year immediately following
Executive’s separation of employment from Company, the Executive shall not compete, directly or indirectly, with any business then being conducted or developed by the Company or any of its affiliates without the prior written consent of the
Company and the applicable Board. For purposes of this provision, the term “compete” shall mean the Executive rendering any advice or service, whether in association with or as an employee, stockholder, director, officer, consultant,
independent contractor, partner, co-venturer, or investor (excluding any interest of Executive through investment of up to an aggregate of 3% in the equity or debt securities or equivalent partnership or other equity interest of any entity required
to register under Section 12(g) of the Securities Exchange Act of 1934) to or on behalf of any organization conducting any business then competitive to that of the Company or any of its affiliates. 
 L. Relief for Non-Compete: The executive acknowledges that there is no adequate remedy at law for the breach of his obligations under paragraph II.K of this
Agreement, and that the Company and/or its affiliates will suffer irreparable harm as a result of any such breach. Therefore, Executive agrees that the Company and/or its affiliates, as applicable, shall be entitled to equitable relief, including
temporary and permanent injunctive relief without the obligation of posting bond (cash or otherwise), in the event of actual or threatened breach by the Executive of paragraph II.K. 
 M. Successorship: This Agreement shall inure to the benefit of and be binding upon the Company and its successors and assigns and any such successor or assignee shall be 

  

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deemed substituted for the Company under the terms of this Agreement for all purposes. As used herein, “successor” and “assignee” shall
mean any person, firm, corporation, or other business entity (i) which, at any time, whether by purchase, merger, or otherwise, directly or indirectly acquires the stock of the Company, or (ii) if the successor or assignee is an affiliate
of the Company, a general reorganization of the corporate structure of the Company and its affiliates. 
 N. Governing Law: This Agreement shall be
governed by and interpreted in accordance with the laws of the Province of Ontario. 
 O. Severability. In case any one or more of the provisions of
this Agreement shall be found to be invalid, illegal or unenforceable in any respect, the validity, legality and enforceability of the remaining provisions contained herein shall not in any way be affected or impaired. Further, any provision found
to be invalid, illegal or unenforceable shall be deemed, without further action on the part of the parties hereto, to be modified, amended and/or limited to the minimum extent necessary to render such clauses and/or provisions valid and enforceable.

 P. Waiver or Breach: No waiver or any breach of any term or provision of this Agreement shall be construed to be, nor shall be, a waiver of any
other breach of this Agreement. No waiver shall be binding unless in writing and signed by the party waiving the breach. 
 Q. Entire Agreement. This
Agreement supersedes all prior written and verbal promises and agreements between the parties. This Agreement constitutes the entire agreement between the parties and may be amended, modified or superseded only by a written agreement signed by both
parties. No oral statements by any employee of the Company shall modify or otherwise affect the terms and provisions of this Agreement. 
 R. No
Assignment: Executive acknowledges that his services are unique and personal. Accordingly, the Executive may not assign his rights or delegate his duties or obligations under this Agreement to any person or entity; provided, however that
payments may be made to the Executive’s estate or beneficiaries if any such payments are due following death of Executive. 
 S. Construction:
Each party has cooperated in the drafting and preparation of this Agreement. Any construction of this Agreement shall not be made against any party on the basis that the party was the drafter. 
 T. Notices: Notices and all other communications provided for in this Agreement shall be in writing and shall be delivered personally or sent by registered or
certified mail, return receipt requested, postage prepaid, or sent by facsimile or prepaid overnight courier to the parties at the addresses set for below. 
 Company:          Newmont Global Employment Limited Partnership 
 1700 Lincoln Street 
  

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 Denver, CO 80203 
 Attn: Chief Executive Officer 
 Fax: (303) 837-6100 
 Executive:         Mr. Pierre Lassonde 
 9 Jackes Avenue, Suite 201 
 Toronto,
Ontario 
 M4T 1E2 
 U. Representation:
The Executive represents that he is knowledgeable and sophisticated as to the business matters, including the subject matter of this Agreement, that he has read this Agreement, and that he understands its terms. The Executive acknowledges that prior
to assenting to the terms of this Agreement that he has been given a reasonable time to review it, to consult with counsel of his choice, and to negotiate at arm’s length with the Company as to its contents. The language used in this Agreement
is the language chosen by the parties to express their mutual intent, and they have entered into this Agreement freely and voluntarily and without pressure or coercion from anyone. 
  

									
	 Newmont Global Employment
 Limited
Partnership
	 		 	Pierre Lassonde
	(“Newmont”)	 		 	(“Executive”)
				
	By:	 	/s/ Sharon E. Thomas	 		 	/s/ Pierre Lassonde
	Title:	 	Vice President, Newmont USA Limited,	 		 		 	
	General Partner	 		 		 	
	Date: February 7, 2007	 		 	Date: February 15, 2007

  

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