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SunCoke Energy, Inc.  Executive Involuntary Severance Plan  Exhibit 10.9                        ===================================================================                        SUNCOKE ENERGY, INC.  EXECUTIVE INVOLUNTARY SEVERANCE PLAN  (Amended and Restated as of December 8, 2021)                        ===================================================================      

 

SunCoke Energy, Inc.  Executive Involuntary Severance Plan  Page 1 of 12  sxc2021 10K Ex 10.9  SUNCOKE ENERGY, INC.  EXECUTIVE INVOLUNTARY SEVERANCE PLAN  ARTICLE I  DEFINITIONS  1.1.  “Benefit” or “Benefits” shall mean any or all of the benefits that a Participant is entitled  to receive pursuant to Article IV of the Plan.   1.2.  “Board of Directors” shall mean the Board of Directors of SunCoke Energy, Inc. or any  successor thereto.   1.3.  “Change in Control Benefits” shall have the meaning assigned to such term in Section  4.7 hereof.  1.4.  “Chief Executive Officer” shall mean the individual serving as the Chief Executive  Officer of SunCoke Energy, Inc.   1.5.  “Committee” shall mean the administrative committee designated pursuant to Article  VI of the Plan to administer the Plan in accordance with its terms.   1.6.  “Company” shall mean SunCoke Energy, Inc., a Delaware corporation. The term  “Company” shall include any successor to SunCoke Energy, Inc., any subsidiary or affiliate which  has adopted the Plan, or a corporation succeeding to the business of SunCoke Energy, Inc., or any  subsidiary or affiliate, by merger, consolidation or liquidation or purchase of assets or stock or  similar transaction.   1.7.  “Company Service” shall mean, for purposes of determining Benefits available to any  Participant in this Plan, the total aggregate recorded length of such Participant’s service with:  SunCoke Energy, Inc.; any subsidiary or affiliate of SunCoke Energy, Inc. (whether by merger,  consolidation or liquidation or purchase of assets or stock or similar transaction) which has adopted  the Plan; and/or any corporation succeeding to the business of SunCoke Energy, Inc.   Company Service shall commence with the Participant’s initial date of employment with the  Company, and shall end with such Participant’s death, retirement, or termination for any reason.  Company Service also shall include:   (a) all periods of approved leave of absence (civil, family, medical, military, or  Olympic); provided, however, that the Participant returns to work within the prescribed time  following the leave;   (b) any break in service of thirty (30) days or less; and   (c) any service credited under applicable Company policies with respect to the length  of a Participant’s employment by any non-affiliated entity that is subsequently acquired by,  and becomes a part of, the Company’s operations.   

 

SunCoke Energy, Inc.  Executive Involuntary Severance Plan  Page 2 of 12  sxc2021 10K Ex 10.9  1.8.  “Compensation Committee” shall mean the Compensation Committee of the Board of  Directors.   1.9.  “Disability” shall mean any illness, injury or incapacity of such duration and type as to  render a Participant eligible to receive long-term disability benefits under the applicable broad-based  long-term disability program of the Company.   1.10  “Effective Date” shall have the meaning assigned to such term in Section 2.1 hereof.  1.11.  “Employment Termination Date” shall mean the date on which a Participant separates  from service as defined in Section 409A of the Internal Revenue Code of 1986, as amended (the  “Code”) and the regulations issued thereunder.   1.12.  “ERISA” shall mean the Employee Retirement Income Security Act of 1974, as  amended.  1.13.  “Excise Tax” shall have the meaning assigned to such term in Section 4.7 hereof.  1.14  “Just Cause” shall mean, as determined by the Committee:   (a) the willful and continued failure of the Participant to substantially perform the  Participant’s duties with the Company or its affiliates (other than any such failure resulting  from incapacity due to physical or mental illness), after a written demand for substantial  performance is delivered to the Participant by the Board of Directors or the Chief Executive  Officer that specifically identifies the manner in which the Board of Directors or the Chief  Executive Officer believes that the Participant has not substantially performed the  Participant’s duties,   (b) the Participant’s conviction of a felony;   (c) willful misconduct by the Participant in connection with the Participant’s  employment duties or responsibilities to the Company or its affiliates (including, but not  limited to, dishonest or fraudulent acts);    (d) the Participant’s failure to comply in other than an insignificant manner with a  policy of the Company or any affiliate; or  (e) the Participant’s gross misconduct that the Administrator determines in good faith  adversely and materially affects the business or reputation of the Company  .   For purposes of this Section 1.14, no act, or failure to act, on the part of the Participant shall  be considered “willful” unless it is done, or omitted to be done, by the Participant in bad faith or  without reasonable belief that the Participant’s action or omission was in the best interests of the  Company. Any act, or failure to act, based upon authority given pursuant to a resolution duly adopted  by the Board or upon the instructions of the Chief Executive Officer or a senior officer of the  Company or based upon the advice of counsel for the Company shall be conclusively presumed to  be done, or omitted to be done, by the Participant in good faith and in the best interests of the  Company.   1.15.  “Participant” shall mean any executive so designated by the Chief Executive Officer;  provided, however, that any such executive who has an employment contract with the Company that  

 

SunCoke Energy, Inc.  Executive Involuntary Severance Plan  Page 3 of 12  sxc2021 10K Ex 10.9  provides severance benefits shall not be eligible to participate in the Plan while such contract is in  effect except to the extent specifically provided in the contract.    1.16.  “Plan” shall mean the SunCoke Energy, Inc. Executive Involuntary Severance Plan,  as set forth herein, and as the same may from time to time be amended.   1.17.  “Plan Year” shall mean each fiscal year of the Company during which this Plan is in  effect.   1.18.  “Salary Continuation Period” shall mean:     (a) six (6) weeks, in the case of a Participant who either has not executed the release  described in Section 3.3 hereof, or who has revoked such a previously executed release; or   (b) in the case of a Participant who has executed and not revoked the release described  in Section 3.3 hereof:   (i) one hundred four (104) weeks for the Company’s Chief Executive Officer;  (ii) seventy-eight (78) weeks for each Senior Vice President of the Company;  and   (iii) fifty-two (52) weeks for each other Participant.   1.19.  “Special Executive Severance Plan” shall mean the SunCoke Energy, Inc. Special  Executive Severance Plan  1.20.  “Weekly Compensation” shall mean the sum of each of the following items divided  by 52:   (a) a Participant’s annual base salary; and   (b) the applicable guideline (target) annual bonus amount in effect on his or her  Employment Termination Date.   ARTICLE II  BACKGROUND, PURPOSE AND TERM OF PLAN  2.1.  Background. The Company maintains this Plan for the purpose of providing severance  allowances to all Participants, whose employment is terminated for reasons other than fault of their  own. This amendment and restatement of the Plan shall be effective as of December 8,  2021.   2.2.  Purpose of the Plan. In recognition of their past service to the Company, this Plan is  intended to alleviate, in part or in full, financial hardships which may be experienced by certain of  those employees of the Company whose employment is terminated.  In essence, benefits under the  Plan are intended to be additional compensation for past services.  The amount or kind of benefit  to be provided is to be based on the position of the Participant and the Participant’s compensation  at his or her Employment Termination Date.   2.3.  Term of the Plan. The Plan will continue until such time as the Board of Directors, or  a committee thereof, delegated such responsibility, acting in its sole discretion, elects to modify,  supersede or terminate it in accordance with the further provisions hereof.   

 

SunCoke Energy, Inc.  Executive Involuntary Severance Plan  Page 4 of 12  sxc2021 10K Ex 10.9  ARTICLE III  PARTICIPATION AND ELIGIBILITY FOR BENEFITS  3.1.  General Eligibility Requirement. In order to receive a Benefit under this Plan, a  Participant’s employment must have been terminated by the Company other than for Just Cause,  death or Disability; provided, however, that any Participant who is receiving benefits under the  Special Executive Severance Plan shall not also be eligible to receive any Benefit under this Plan.   3.2.  Employment by Successor. Notwithstanding anything herein to the contrary, no  Benefits shall be due hereunder in connection with the sale or other disposition by the Company  of the capital stock or assets of any business unit, division, subsidiary, or other affiliate, if the  Participant receives an offer of employment from the purchaser or other acquiror at an annual  salary and guideline bonus each at least equal to the annual salary and guideline bonus,  respectively, for his or her position with the Company immediately prior to such sale or other  disposition.    3.3.  Release. Unless the Participant executes a full waiver and release of claims in a form  satisfactory to the Company, and notwithstanding anything herein to the contrary as provided in  Section 5.2, the Benefits provided hereunder in connection with a termination of employment shall  be provided only for the Salary Continuation Period set forth in Section 1.18(a) of this Plan.   ARTICLE IV  BENEFIT  4.1.  Amount of Immediate Cash Benefit. The immediate cash amount to be paid to a  Participant eligible to receive Benefits under Section 3.1 hereof shall be paid in a lump sum and shall  equal the Participant’s earned vacation (as determined under the Company’s applicable vacation  policy as in effect on the Employment Termination Date) through the end of his or her Employment  Termination Date.   4.2.  Ongoing Benefits.  (a) Salary Continuation.  A Participant who is eligible to receive Benefits under  Section 3.1 shall continue to be entitled, through the end of his/her Salary Continuation  Period to his/her Weekly Compensation as in effect on the Employment Termination Date.  (b) Bonus Available Under SunCoke Energy, Inc. Annual Incentive Plan:  In  addition to the salary continuation benefit described in Section 4.2(a) hereof, a Participant  in this Plan, who is also an “Eligible Employee” for purposes of the SunCoke Energy, Inc.  Annual Incentive Plan, will be entitled to payment of the following amounts:  (i) Prior Year Bonus.  Such Participant whose Employment Termination  Date occurs prior to April 1 of a calendar year will be entitled to the annual cash  bonus payable pursuant to the SunCoke Energy, Inc. Annual Incentive Plan for the  prior year, but only to the extent not yet paid.  (ii) Pro-rated Current Year Bonus.  Such Participant whose Employment  Termination Date occurs between April 1 and December 31 of a calendar year will  be entitled to a one-time portion of the current year target annual cash bonus for  

 

SunCoke Energy, Inc.  Executive Involuntary Severance Plan  Page 5 of 12  sxc2021 10K Ex 10.9  which the Participant is eligible pursuant to the SunCoke Energy, Inc. Annual  Incentive Plan, pro-rated and adjusted for actual Company performance for the  calendar year in which the Employment Termination Date occurs, in accordance  with the terms and provisions of the SunCoke Energy, Inc. Annual Incentive Plan,  based on such Participant’s salary or wages earned through the Employment  Termination Date.  The applicable pro rata portion will be equal to a fraction, the  denominator of which will be 12, and numerator of which will be the number of  full calendar months during the calendar year the Participant worked.  Subject to  Section 5.1(b) hereof, to the extent applicable, such prorated bonus will be paid on  the customary payout date under the SunCoke Energy, Inc. Annual Incentive Plan.  4.3.  Executive Benefits. A Participant who is eligible to receive Benefits under  Section 3.1 shall continue to be entitled, through the end of his/her Salary Continuation  Period to those employee benefits listed below:   (a) death benefits in an amount equal to one (1) times the Participant’s  annual base salary at the Employment Termination Date (provided, however, that  any supplemental coverages elected under the SunCoke Energy, Inc. Death  Benefits Plan (or any similar plan of any of the following: a subsidiary or affiliate  which has adopted this Plan; a corporation succeeding to the business of SunCoke  Energy, Inc.; and/or any subsidiary or affiliate, by merger, consolidation or  liquidation or any purchase of assets or stock or similar transaction) will be  discontinued under the terms of such plan or plans); and   (b) medical plan benefits (excluding dental coverage), including COBRA  continuation coverage beginning as of the start of the Salary Continuation Period  and running concurrently therewith.   In each case, when contributions are required of all other active Participants at the time of  the Participant’s Employment Termination Date, or thereafter, if required of other Participants, the  Participant shall continue to be responsible for making the required contributions during the Salary  Continuation Period in order to be eligible for the coverage.  The difference between the cost for  such medical plan benefits under Code Section 4980B and the amount of the necessary  contributions that a Participant is required to pay for such coverage as provided above will be paid  by the Company and considered imputed income to such Participant.  Each Participant is  responsible for the payment of income tax due as a result of such imputed income.  The Participant  also shall be entitled to reasonable outplacement services as deemed appropriate by the Committee  (but only to the extent such services are provided no later than the end of the second calendar year  following the year of the Participant’s Employment Termination Date and are paid for directly by  the Company no later than the end of the third calendar year following the year of the Participant’s  Employment Termination Date).   4.4.  Retirement Plans. This Plan shall not govern and shall in no way affect the  Participant’s interest in, or entitlement to benefits under, any of the Company’s qualified or  supplemental retirement plans and any payments received under any such plan shall not affect a  Participant’s right to any Benefit hereunder.   4.5.  Minimum Benefit.  Notwithstanding the provisions of Sections 4.2 and 4.3 hereof, the  Benefits available under this Plan shall not be less than those determined in accordance with the  

 

SunCoke Energy, Inc.  Executive Involuntary Severance Plan  Page 6 of 12  sxc2021 10K Ex 10.9  provisions of the SunCoke Energy, Inc. Involuntary Termination Plan. If the Participant  determines that the benefits under the SunCoke Energy, Inc. Involuntary Termination Plan are  more valuable to the Participant than the comparable Benefits set forth in this Plan, then the  provisions used to calculate the Benefits available to the Participant under this Plan shall not apply,  and the Benefits available to the Participant under this Plan shall be calculated using only the  applicable provisions of the SunCoke Energy, Inc. Involuntary Termination Plan.  In all events,  the timing of payment of benefits shall be determined in accordance with the terms of this Plan.  4.6.  Effect on Other Benefits.  There shall not be drawn from the continued provision by  the Company of any of the aforementioned Benefits any implication of continued employment or  of continued right to accrual of retirement benefits under the Company’s qualified or supplemental  retirement plans, nor shall a Participant accrue vacation days, paid holidays, paid sick days or other  similar benefits normally associated with employment for any part of the Salary Continuation  Period during which benefits are payable under this Plan.   4.7. Excise Tax Reduction.   If in connection with the Change in Control of the Company  (as defined in the Special Executive Severance Plan) (i) a Participant would be or is subject to an  excise tax under Section 4999  of the Internal Revenue Code (an "Excise Tax") with respect to the  Benefits, or any other cash, benefits or other property received, or any acceleration of vesting of  any benefit or award (the "Change in Control Benefits"), and (ii) the total net after-tax amount of  the Participant's Change in Control Benefits (after taking into account federal, state and local  income and employment taxes and the Excise Tax) is less than the pre-tax Change in Control  Benefits reduced to the largest amount that would not trigger the imposition of such Excise Tax,  then the Participant's Benefits shall be so reduced so that no Excise Tax is imposed. Within 15  days after the Participant's termination of employment, a  nationally recognized accounting firm  selected by the Company shall make a determination as to whether any Excise Tax would be  reported with respect to the Change in Control Benefits and, if so, the amount of the Excise Tax,  the total net after-tax amount of the Change in Control Benefits (after taking into account federal,  state and local income and employment taxes and the Excise Tax) and the amount of reduction to  the Change in Control Benefits necessary to avoid such Excise Tax. To the extent permitted by  Section 409A of the Internal Revenue Code of 1986, as amended (“Code Section 409A”), the  Participant shall determine the particular Change  in  Control  Benefits  to  be  reduced,  and  the   Company shall  provide  the Participant with such information as is necessary to make such  determination. The Company shall be responsible for all fees and expenses connected with the  determinations by the accounting firm pursuant to this Section 4.7.  The Participant agrees to notify  the Company in the event of any audit or other proceeding by the IRS or any taxing authority in  which the IRS or other taxing authority asserts that any Excise Tax should be assessed against the  Participant and to cooperate with the Company in contesting any such proposed assessment with  respect to such Excise Tax.     

 

SunCoke Energy, Inc.  Executive Involuntary Severance Plan  Page 7 of 12  sxc2021 10K Ex 10.9  ARTICLE V  METHOD AND DURATION OF BENEFIT PAYMENTS  5.1.  Method of Payment.   (a) The cash Benefits to which a Participant is entitled, as determined pursuant to  Article IV hereof, shall be paid monthly except as otherwise provided in this Article V, and  the Salary Continuation Period shall begin the first day of the month following the month  in which the Employment Termination Date occurs.  If a Participant becomes entitled to  cash Benefits determined in accordance with Section 1.18(b), the number of equal monthly  payments for such Participant shall be determined by dividing the applicable Salary  Continuation Period by four and rounding up to the nearest whole number.  Pursuant to  Treasury Regulation Section 1.409A-2(b)(2)(iii), for purposes of Treasury Regulation  1.409A-1(b)(4) and all other provisions of the regulations promulgated under Code Section  409A, the Participant’s right to the series of monthly payments hereunder at all times shall  be treated as a right to a series of separate payments. Payment shall be made by mailing to  the last address provided by the Participant to the Company, or by direct deposit into a  bank account designated by the Participant in writing to the Company.   (b) Payment of any cash Benefits (that are deferred compensation for purposes of  Code Section 409A) to any Participant who is a specified employee under Section 409A  of the Code shall be made as follows to the extent required by Code Section 409A. Cash  Benefits that are scheduled to be paid for the period which begins on such Participant’s  Employment Termination Date and ends on the date six months from such Participant’s  Employment Termination Date, shall not be paid as scheduled, but shall be accumulated  and paid in a lump sum on the date six months after the Participant’s Employment  Termination Date. Simple interest will be paid on cash Benefits delayed hereunder from  the date such payments would have been made to the Participant but for this subsection  (b), to the date of actual payment, at the interest rate equal to the prime rate of Citibank,  N.A. as in effect from time to time after such due date.   5.2.  Conditions to Entitlement to Benefit. In order to be eligible to receive full Benefits  hereunder (other than Benefits pursuant to Section 1.18(a) or Section 4.1), a Participant shall make  himself/herself available to the Company and cooperate in any reasonable manner (so as not to  unreasonably interfere with subsequent employment) in providing assistance to the Company after  his or her Employment Termination Date in conducting any matters which are pending at such time,  and, as provided in Section 3.3, shall execute a release and discharge of the Company from any and  all claims, demands or causes of action other than as to amounts or benefits due to the Participant  under any plan, program or contract provided by, or entered into with, the Company. Such release  and discharge shall be in such form as is prescribed by the Committee and shall be executed and  delivered no later than the fiftieth (50th) day following the Participant’s Employment Termination  Date.  In the event that a Participant does not so execute and deliver such release, or in the event that  the Participant revokes such release, the Company shall cease payment of any Benefits (other than  Benefits pursuant to Section 1.18(a) or Section 4.1) and the Participant shall repay any Benefits  (other than Benefits pursuant to Section 1.18(a) or Section 4.1) previously provided to him or her.  In addition, no Benefits due hereunder shall be paid to a Participant who is required by Company  guidelines to execute an agreement governing the assignment of patents or the disclosure of  confidential information unless an executed copy of such agreement is on file with the Company.   

 

SunCoke Energy, Inc.  Executive Involuntary Severance Plan  Page 8 of 12  sxc2021 10K Ex 10.9  5.3.  Payments After Death. The Participant’s estate shall receive any Benefits due  hereunder in the event of the Participant’s death prior to the receipt of all such Benefits.   ARTICLE VI  ADMINISTRATION  6.1.  Appointment of the Committee. The Committee shall consist of three (3) or more persons  appointed by the Compensation Committee. Committee members may be, but need not be, employees  of the Company.   6.2.  Tenure of the Committee. Committee members shall serve at the pleasure of the  Compensation Committee and may be discharged, with or without Cause, by the Compensation  Committee. Committee members may resign at any time on ten (10) days’ written notice.   6.3.  Authority and Duties. It shall be the duty of the Committee to determine the eligibility of  each Participant for Benefits under the Plan, to determine the amount of Benefit to which each such  Participant may be entitled, and to determine the manner and time of payment of the Benefit consistent  with the provisions hereof. The Company shall make such payments as are certified to it by the  Committee to be due to Participants. The Committee shall have the full power and authority to  construe, interpret and administer the Plan, to correct deficiencies therein, to supply omissions and to  make factual determinations.  Except as provided in Section 9.2, all decisions, actions and  interpretations of the Committee shall be final, binding and conclusive upon the parties.   6.4.  Action by the Committee. A majority of the members of the Committee shall constitute a  quorum for the transaction of business at a meeting of the Committee. Any action of the Committee  may be taken upon the affirmative vote of a majority of the members of the Committee at a meeting,  or at the direction of the Chairperson, without a meeting by mail, telegraph, telephone or electronic  communication device; provided that all of the members of the Committee are informed of their right  to vote on the matter before the Committee and of the outcome of the vote thereon.   6.5.  Officers of the Committee. The Compensation Committee shall designate one of the  members of the Committee to serve as Chairperson thereof. The Compensation Committee shall also  designate a person to serve as Secretary of the Committee, which person may be, but need not be, a  member of the Committee.   6.6.  Compensation of the Committee.  Members of the Committee shall receive no  compensation for their services as such. However, all reasonable expenses of the Committee shall be  paid or reimbursed by the Company upon proper documentation. The Company shall indemnify  members of the Committee against personal liability for actions taken in good faith in the discharge of  their respective duties as members of the Committee and shall provide coverage to them under the  Company’s liability insurance program(s).   6.7.  Records, Reporting and Disclosure.  The Committee shall keep all individual and group  records relating to Participants and former Participants and all other records necessary for the proper  operation of the Plan. Such records shall be made available to the Company and to each Participant for  examination during business hours except that a Participant shall examine only such records as pertain  exclusively to the examining Participant and to the Plan. The Committee shall prepare and shall file as  

 

SunCoke Energy, Inc.  Executive Involuntary Severance Plan  Page 9 of 12  sxc2021 10K Ex 10.9  required by law or regulation all reports, forms, documents and other items required by ERISA, the  Internal Revenue Code, and every other relevant statute, each as amended, and all regulations  thereunder (except that the Company, as payor of the Benefits, shall prepare and distribute to the proper  recipients all forms relating to withholding of income or wage taxes, Social Security taxes, and other  amounts which may be similarly reportable).   6.8.  Actions of the Chief Executive Officer or the Board of Directors.  Whenever a  determination is required of the Chief Executive Officer or the Board of Directors under the Plan, such  determination shall be made solely at the discretion of the Chief Executive Officer or the Board of  Directors, as applicable.   6.9.  Bonding.  The Committee shall arrange any bonding that may be required by law, but no  amount in excess of the amount required by law (if any) shall be required by the Plan.   ARTICLE VII  AMENDMENT AND TERMINATION  7.1.  Amendment, Suspension and Termination. The Company, acting by or pursuant to a  resolution of the Board of Directors, or a committee thereof delegated such responsibility, retains the  right, at any time and from time to time, to amend, suspend or terminate the Plan in whole or in part,  for any reason, and without either the consent of or the prior notification to any Participant. No such  amendment shall give the Company the right to recover any amount paid to a Participant prior to the  date of such amendment or to cause the cessation and discontinuance of payments of Benefits to any  person or persons under the Plan already receiving Benefits.   ARTICLE VIII  DUTIES OF THE COMPANY  8.1.  Records.  The Company shall supply to the Committee all records and information  necessary to the performance of the Committee’s duties.   8.2.  Payment.  The Company shall make payments from its general assets to Participants,  and shall provide the Benefits described in Article IV hereof in accordance with the terms of this  Plan, as directed by the Committee.   ARTICLE IX  CLAIMS PROCEDURES  9.1.  Application for Benefits.  Benefits shall be paid by the Company following a termination  of employment that qualifies the Participant for Benefits. In the event a Participant believes  himself/herself eligible for Benefits under this Plan and Benefit payments have not been initiated by  the Company, the Participant may apply for such Benefits by requesting payment of Benefits in  writing from the Company.   9.2.  Appeals of Denied Claims for Benefits.  In the event that any claim for benefits is denied  in whole or in part, the Participant (or beneficiary, if applicable) whose claim has been so denied  

 

SunCoke Energy, Inc.  Executive Involuntary Severance Plan  Page 10 of 12  sxc2021 10K Ex 10.9  shall be notified of such denial in writing by the Committee, within ninety (90) days following  submission by the Participant (or beneficiary, if applicable) of such claim to the Committee (unless  the Committee determines that special circumstances require an extension of time for processing the  claim, in which case (i) the Committee shall notify in writing the Participant of the extension, the  reasons therefor and the expected determination date and (ii) such extension shall not exceed the  amount permitted by applicable law or regulation). The notice advising of the denial shall specify  the reason or reasons for denial, make specific reference to pertinent Plan provisions, describe any  additional material or information necessary for the claimant to perfect the claim (explaining why  such material or information is needed), and shall advise the Participant of the procedure for the  appeal of such denial. All appeals shall be made by the following procedure:   (a) The Participant whose claim has been denied shall file with the Committee a  notice of desire to appeal the denial. Such notice shall be filed within sixty (60) days of  notification by the Committee of the claim denial, shall be made in writing, and shall set  forth all of the facts upon which the appeal is based. Appeals not timely filed shall be  barred.   (b) The Committee shall consider the merits of the claimant’s written presentation,  the merits of any facts or evidence in support of the denial of benefits, and such other facts  and circumstances as the Committee shall deem relevant.   (c) The Committee shall render a determination upon the appealed claim, within  sixty (60) days of the Committee’s receipt of the Participant’s notice of appeal (unless the  Committee determines that special circumstances require an extension of time for  processing the claim, in which case (i) the Committee shall notify in writing the Participant  of the extension, the reasons therefor and the expected determination date and (ii) such  extension shall not exceed the amount permitted by applicable law or regulation), which  determination shall be accompanied by a written statement as to the reasons therefor. The  determination so rendered shall be binding upon all parties and shall not be overturned  unless such determination was an abuse of discretion and/or violated the highest applicable  legal standard.   ARTICLE X  MISCELLANEOUS  10.1.  Non-alienation of Benefits.  None of the payments, benefits or rights of any  Participant shall be subject to any claim of any creditor, and, in particular, to the fullest extent  permitted by law, all such payments, benefits and rights shall be free from attachment,  garnishment, trustee’s process, or any other legal or equitable process available to any creditor of  such Participant. No Participant shall have the right to alienate, anticipate, commute, pledge,  encumber or assign any of the benefits or payments which he/she may expect to receive,  contingently or otherwise, under this Plan.   10.2.  No Contract of Employment.  Neither the establishment of the Plan, nor any  modification thereof, nor the creation of any fund, trust or account, nor the payment of any Benefits  shall be construed as giving any Participant, or any person whosoever, the right to be retained in  the service of the Company, and all Participants shall remain subject to discharge to the same  extent as if the Plan had never been adopted.   

 

SunCoke Energy, Inc.  Executive Involuntary Severance Plan  Page 11 of 12  sxc2021 10K Ex 10.9  10.3.  Severability of Provisions.  If any provision of this Plan shall be held invalid or  unenforceable, such invalidity or unenforceability shall not affect any other provisions hereof, and  this Plan shall be construed and enforced as if such provisions had not been included.   10.4.  Successors, Heirs, Assigns, and Personal Representatives.  This Plan shall be binding  upon the heirs, executors, administrators, successors and assigns of the parties, including each  Participant, present and future. Unless the Chief Executive Officer directs otherwise, the Company  shall require any successor or successors (whether direct or indirect, by purchase, merger,  consolidation or otherwise) to all or substantially all of the business and/or assets of the Company,  or a division thereof, to acknowledge expressly that this Agreement is binding upon and  enforceable against the Company in accordance with the terms hereof, and to become jointly and  severally obligated with the Company to perform this Agreement in the same manner and to the  same extent that the Company would be required to perform if no such succession or successions  had taken place.   10.5.  Headings and Captions.  The headings and captions herein are provided for reference  and convenience only, shall not be considered part of the Plan, and shall not be employed in the  construction of the Plan.   10.6.  Gender and Number. Except where otherwise clearly indicated by context, the  masculine and the neuter shall include the feminine and the neuter, the singular shall include the  plural, and vice-versa.   10.7.  Unfunded Plan. The Plan shall not be funded. The Company may, but shall not be  required to, set aside or earmark an amount necessary to provide the Benefits specified herein  (including the establishment of trusts). In any event, no Participant shall have any right to, or  interest in, any assets of the Company which may be applied by the Company to the payment of  Benefits.   10.8.  Payments to Incompetent Persons, Etc.  Any Benefit payable to or for the benefit of  a minor, an incompetent person or other person incapable of receipting therefor shall be deemed  paid when paid to such person’s guardian or to the party providing or reasonably appearing to  provide for the care of such person, and such payment shall fully discharge the Company, the  Committee and all other parties with respect thereto.   10.9.  Lost Payees. A Benefit shall be deemed forfeited if the Committee is unable to locate  a Participant to whom a Benefit is due. Such Benefit shall be reinstated if application is made by  the Participant for the forfeited Benefit while this Plan is in operation.   10.10.  Controlling Law. This Plan shall be construed and enforced according to the laws  of the State of Delaware to the extent not preempted by Federal law, without giving effect to  principles of conflicts of laws.   10.11.  Code Section 409A.  This Plan is intended to comply with the requirements of Code  Section 409A or an exemption or exclusion therefrom and, with respect to amounts that are subject  to Code Section 409A, shall in all respects be administered in accordance with Code Section 409A.   Each payment under this Plan shall be treated as a separate payment for purposes of Code Section  409A; provided, however, that the Company makes no representations that Benefits under the Plan  

 

SunCoke Energy, Inc.  Executive Involuntary Severance Plan  Page 12 of 12  sxc2021 10K Ex 10.9  shall be exempt from or comply with Section 409A and makes no undertaking to preclude Section  409A from applying to Benefits under the Plan and shall not be liable for any penalties or costs to  a Participant resulting from the application of Code Section 409A to Benefits hereunder.  .  In no  event may a Participant, directly or indirectly, designate the calendar year of any payment to be  made under this Agreement.  Notwithstanding anything to the contrary in this Plan, all  reimbursements and in-kind benefits provided under this Plan shall be made or provided in  accordance with the requirements of Section 409A of the Code, including, where applicable, the  requirement that:  (a) any reimbursement is for expenses incurred during the Participant’s lifetime (or  during a shorter period of time specified in this Plan);   (b) the amount of expenses eligible for reimbursement, or in-kind benefits provided,  during a calendar year may not affect the expenses eligible for reimbursement, or in-kind  benefits to be provided, in any other calendar year, except, if such benefits consist of the  reimbursement of expenses referred to in Section 105(b) of the Code, a maximum, if  provided under the terms of the plan providing such medical benefit, may be imposed on  the amount of such reimbursements over some or all of the period in which such benefit is  to be provided to the Participant as described in Treasury Regulation Section 1.409A- 3(i)(iv)(B);   (c) the reimbursement of an eligible expense will be made no later than the last day  of the calendar year following the year in which the expense is incurred, provided that the  Participant shall have submitted an invoice for such fees and expenses at least ten (10) days  before the end of the calendar year next following the calendar year in which such fees and  expenses were incurred; and   (d) the right to reimbursement or in-kind benefits is not subject to liquidation or  exchange for another benefit.sxc202110kex1011

sxc2021 10K Ex10.11  Page 1 of 8  Exhibit 10.11                  SUNCOKE ENERGY, INC.  DIRECTORS’ DEFERRED COMPENSATION PLAN  (Amended & Restated as of February 23, 2022)                      

 

  sxc2021 10K Ex10.11  Page 2 of 11  ARTICLE I  Definitions  As used in this Plan, the following terms shall have the meanings herein specified:  1.1 Business Combination - shall have the meaning provided herein at Section 1.2(c).  1.2 Change in Control - shall mean the occurrence of any of the following events:  (a) The acquisition by any individual, entity or group (within the meaning of  Section 13(d)(3) or 14(d)(2) of the Exchange Act of 1934, as amended) (a “Person”) of  beneficial ownership (within the meaning of Rule 13d-3 promulgated under the Exchange Act)  of 20% or more of either (1) the then-outstanding shares of common stock of the Company  (the “Outstanding Company Common Stock”) or (2) the combined voting power of the then- outstanding voting securities of the Company entitled to vote generally in the election of  directors (the “Outstanding Company Voting Securities”); provided, however, that, for  purposes of this Section (a), the following acquisitions shall not constitute a Change in Control:  (A) any acquisition directly from the Company, (B) any acquisition by the Company, (C) any  acquisition by any employee benefit plan (or related trust) sponsored or maintained by the  Company or any company controlled by, controlling or under common control with the  Company, or (D) any acquisition by any entity pursuant to a transaction that complies with  Sections (c)(1), (c)(2) and (c)(3) of this definition;  (b) Individuals who, as of the effective date of this Plan, constitute the Board of  Directors (the “Incumbent Board”) cease for any reason to constitute at least a majority of the  Board of Directors; provided, however, that any individual becoming a director subsequent to  the date hereof whose election, or nomination for election by the Company’s stockholders, was  approved by a vote of at least a majority of the directors then comprising the Incumbent Board  shall be considered as though such individual were a member of the Incumbent Board, but  excluding, for this purpose, any such individual whose initial assumption of office occurs as a  result of an actual or threatened election contest with respect to the election or removal of  directors or other actual or threatened solicitation of proxies or consents by or on behalf of a  Person other than the Board of Directors;  (c) Consummation of a reorganization, merger, statutory share exchange or  consolidation or similar corporate transaction involving the Company or any of its subsidiaries,  a sale or other disposition of all or substantially all of the assets of the Company, or the  acquisition of assets or stock of another entity by the Company or any of its subsidiaries (each,  a “Business Combination”), in each case unless, following such Business Combination, (1)  all or substantially all of the individuals and entities that were the beneficial owners of the  Outstanding Company Common Stock and the Outstanding Company Voting Securities  immediately prior to such Business Combination beneficially own, directly or indirectly, more  than 50% of the then-outstanding shares of common stock and the combined voting power of  the then-outstanding voting securities entitled to vote generally in the election of directors, as  the case may be, of the corporation resulting from such Business Combination (including,  without limitation, a corporation that, as a result of such transaction, owns the Company or all  or substantially all of the Company’s assets either directly or through one or more subsidiaries)  in substantially the same proportions as their ownership immediately prior to such Business  Combination of the Outstanding Company Common Stock and the Outstanding Company  

 

  sxc2021 10K Ex10.11  Page 3 of 11  Voting Securities, as the case may be, (2) no Person (excluding any corporation resulting from  such Business Combination or any employee benefit plan (or related trust) of the Company or  such corporation resulting from such Business Combination) beneficially owns, directly or  indirectly, 20% or more of, respectively, the then-outstanding shares of common stock of the  corporation resulting from such Business Combination or the combined voting power of the  then-outstanding voting securities of such corporation, except to the extent that such ownership  existed prior to the Business Combination, and (3) at least a majority of the members of the  board of directors of the corporation resulting from such Business Combination were members  of the Incumbent Board at the time of the execution of the initial agreement or of the action of  the Board of Directors providing for such Business Combination; or  (d) Approval by the stockholders of the Company of a complete liquidation or  dissolution of the Company.   1.3 Committee - shall mean the Compensation Committee of the Board of Directors of the  Company.  1.4 Company - shall mean SunCoke Energy, Inc., a Delaware corporation. The term  “Company” shall include any successor to SunCoke Energy, Inc., any subsidiary or affiliate which has  adopted the Plan, or a corporation succeeding to the business of SunCoke Energy, Inc., or any  subsidiary or affiliate by merger, consolidation, liquidation or purchase of assets or stock or similar  transaction.  1.5 Compensation - shall mean those fees and retainers payable by the Company to a  Participant in consideration for his or her service as a Director.  1.6 Deferred Compensation Account - shall mean, with respect to any Participant, the total  amount of the Company’s liability for payment of voluntary deferred compensation to the Participant  under this Plan, including any Dividend Equivalents.  1.7 Deferred Payment Election Form - shall mean and refer to the written election by a  Participant, in the form prescribed by the Committee, to voluntarily defer the payment of all or a portion  of such Participant’s Compensation under this Plan pursuant to Article II hereof.  1.8 Director - shall mean a member of the Board of Directors of the Company.  1.9 Dividend Equivalent - shall mean the entry in a Deferred Compensation Account of a  dividend credit with respect to a Share Unit, each Dividend Equivalent being equal to the dividend  paid from time to time on a Share.  1.10 Incumbent Board - shall have the meaning provided herein at Section 1.2(b).  1.11 IRC - shall mean the Internal Revenue Code of 1986, as amended.  1.12 Outstanding Company Common Stock - shall have the meaning provided herein at  Section 1.2(a).  1.13 Outstanding Company Voting Securities - shall have the meaning provided herein at  Section 1.2(a).  

 

  sxc2021 10K Ex10.11  Page 4 of 11  1.14 Participant - shall mean a Director who has elected to defer the receipt of  Compensation in accordance with the terms of this Plan.  1.15 Person - shall have the meaning provided herein at Section 1.3(a).  1.16 Plan - shall mean this Directors’ Deferred Compensation Plan, as it may be amended  from time to time, and shall be effective for deferrals of Compensation pursuant to Article III.  1.17 Separation from Service - shall mean a “separation from service,” as defined under  Section 409A of the IRC and Treasury Regulation §1.409A, from the Company and any entity that  would be treated as a single employer with the Company under Section 414(b) or 414(c) of the IRC.  1.18 Share - shall mean a share of the Company’s authorized common stock ($0.01 par  value per share) and any share or shares of stock of the Company hereafter issued or issuable in  substitution or exchange for each such share.  1.19 Share Unit - shall mean the entry in a Deferred Compensation Account of a credit  equal to one Share.  ARTICLE II  Deferral of Directors’ Compensation  2.1 Election to Defer.  (a) A Participant may elect to defer all or a portion of the Compensation  attributable to services performed by the Participant, by filing a written notice of election with  the Committee on the form(s) prescribed by the Committee and in accordance with the terms  of this Plan.    (b) Each Participant’s deferral election form(s) shall specify:  (1) the percentage of Compensation to be deferred, determined in  accordance with Section 2.2;  (2) the form of deferral, being Share Units determined in accordance with  Section 3.1;  (3) with respect to the initial deferral election only, the method of payment  in accordance with Section 3.4; and  (4) the designation of a beneficiary as set forth in Article V.  2.2 Amount of Deferral. The amount of Compensation to be deferred shall be designated  by the Participant as a percentage of the Director’s Compensation in multiples of five percent (5%) but  shall not be less than ten percent (10%).  2.3 Time of Election.  An election to defer must be filed and received by the Committee  by the end of the calendar year preceding the calendar year in which the services are performed to  which the Compensation is attributable. This Plan will not apply to Compensation to be earned on or  after January 1, 2023, and Compensation to be earned on or after such date cannot be deferred under  the terms of this Plan.  Any valid deferral election shall apply only to Compensation attributable to  services to be performed on or after the first day of the calendar year following the calendar year in  which the election is received by the Committee, subject to Section 3.5 as it pertains to the method of  

 

  sxc2021 10K Ex10.11  Page 5 of 11  payment (as determined in the Participant’s initial deferral election). An election to defer, made in  accordance with this Section 2.3 shall be irrevocable as of December 31 of the year preceding the  calendar year in which the Participant earns the Compensation. A separate election form shall be filed  for each calendar year.  ARTICLE III  Deferred Compensation Accounts  3.1 Creation of Deferred Compensation Accounts. Compensation deferred hereunder  shall be credited as Share Units to a Deferred Compensation Account established by the Company for  each Participant.  3.2 Crediting Share Units. Share Units shall be credited to a Participant’s Deferred  Compensation Account at the time the Compensation otherwise would have been paid had no election  to defer been made. In the case of cash Compensation, the number of Share Units to be credited to the  Deferred Compensation Account shall be determined by dividing the Compensation by the average  closing price for Shares as published in the Wall Street Journal under the caption “New York Stock  Exchange Composite Transactions” for the period of ten (10) trading days immediately prior to the  day on which the Compensation would otherwise have been paid. Any fractional Share Units shall also  be credited to a Participant’s Deferred Compensation Account.  In the case of stock Compensation, the  number of Share Units to be credited to the Deferred Compensation Account shall be equal to the  number of Shares that otherwise would have been paid to the Participant had no election to defer been  made. The number of Share Units in a Deferred Compensation Account shall be appropriately adjusted  by the Committee in the event of changes in the Company’s outstanding common stock by reason of  a stock dividend or distribution, recapitalization, merger, consolidation, split-up, combination,  exchange of shares or the like, and such adjustments shall be conclusive. Share Units shall not entitle  any person to the rights of a stockholder.  3.3 Crediting Dividend Equivalents.  For Share Units, the Company shall credit the  Participant’s Deferred Compensation Account with Dividend Equivalents equal to the dividends  declared on Shares.  A holder of Share Units will be entitled to receive payment from the Company in  an amount equal to each cash dividend the Company would have paid to such holder had he or she, on  the record date for payment of such dividend, been the holder of record of shares of Common Stock  equal to the number of outstanding Share Units. The Company shall establish a bookkeeping account  on behalf of each Participant in which the dividend equivalents allocated to such Participant shall be  credited. The dividend equivalent account will not bear interest. Vesting and payment of dividend  equivalents will correspond to the vesting and settlement of the Share Units with respect to which the  dividend equivalents relate. Payment of such dividend equivalents shall be in the form of cash.  3.4 Method of Payment. In the case of a Participant’s initial deferral election only, a  Participant may elect a single payment or a number of annual installments (not to exceed three) for  payment of the Participant’s entire Deferred Compensation Account (including Dividend Equivalents  attributable thereto). Any payment election made by a Participant in connection with his or her initial  deferral election under the Plan shall apply to the entire Deferred Compensation Account. The method  of payment must be irrevocably specified by the Participant in his or her initial deferral election. If the  Participant does not select a method of payment in his or her initial deferral election, the Participant’s  entire Deferred Compensation Account (including any Dividend Equivalents attributable thereto) will  be distributed in a single payment.  

 

  sxc2021 10K Ex10.11  Page 6 of 11  3.5 Time of Payment.  (a) Except as provided in Section 3.5(b) or Article VI hereof, payment of the  portion of a Participant’s Deferred Compensation Account attributable to Compensation  deferred (including any Dividend Equivalents attributable thereto) shall be made at, or shall  commence on, January 15th of the calendar year following the calendar year in which the  Participant’s Separation from Service occurs; provided, however, that in the event that the  Participant is a “specified employee” within the meaning of IRC Section 409A (as determined  in accordance with the methodology established by the Company as in effect on the Separation  from Service) (a “Specified Employee”), such payment shall instead be made on the first  business day after the date that is six months following the Participant’s Separation from  Service (the “Delayed Payment Date”) if the Delayed Payment Date is later than January 15th  of the calendar year following the calendar year in which the Participant’s Separation from  Service occurs. Any successive annual installment payments shall be made on January 15th of  each such successive year. If a Participant elected annual installments pursuant to Section 3.4,  (x) the number of Shares in the first payment shall be a fraction of the aggregate Share Unit  balance in the Participant’s Deferred Compensation Account as of the payment date, the  numerator of which is one and the denominator of which is the total number of annual  installments elected, and (y) the number of Shares in each subsequent payment shall be a  fraction of the then-remaining aggregate Share Unit balance in the Participant’s Deferred  Compensation Account as of each subsequent payment date, the numerator of which is one  and the denominator of which is the total number of installments elected minus the number of  installments previously paid.  (b) In the event of the Participant’s death prior to the final payment of all amounts  credited to his or her Deferred Compensation Account, the balance of Share Units in his or her  Deferred Compensation Account shall be paid in the form of Shares (with fractional Share  Units being rounded up to the nearest whole Share) in accordance with Article V, on the date  that is thirty (30) days after the Participant’s death.  (c) The Participant shall receive payment in Shares for all deferred compensation  credited to such Participant’s Deferred Compensation Account. The number of Shares to be  paid to the Participant shall be equal to the aggregate number of Share Units credited to the  Participant’s Deferred Compensation Account as of the payment date, with fractional Share  Units being rounded up to the nearest whole Share prior to payment.  ARTICLE IV  Designation of Beneficiaries  4.1 Designation of Beneficiary. The Participant shall name one or more beneficiaries and  contingent beneficiaries to receive any payments due Participant at the time of death. No designation  of beneficiaries shall be valid unless in writing signed by the Participant, dated and filed with the  Committee during the lifetime of such Participant. A subsequent beneficiary designation will cancel  all beneficiary designations signed and filed earlier under this Plan, and such new beneficiary  designation shall be applied to all amounts previously credited, or to be credited prospectively, to the  Participant’s Deferred Compensation Account.  In case of a failure of designation, or the death of the  designated beneficiary without a designated successor, distribution shall be paid in one lump sum to  the estate of the Participant.  

 

  sxc2021 10K Ex10.11  Page 7 of 11  4.2 Spouse’s Interest. The interest in any amounts hereunder of a spouse who has  predeceased the Participant shall automatically pass to the Participant and shall not be transferable by  such spouse in any manner, including but not limited to such spouse’s will, nor shall such interest pass  under the laws of intestate succession.  4.3 Survivor Benefits. In the event of a Participant’s death, any balances in the  Participant’s Deferred Compensation Account shall be paid in a lump sum to the designated  beneficiary(ies) in accordance with Section 3.5(b).  ARTICLE V  Source of Payments  All payments of deferred compensation shall be paid to a Participant in the form of Shares.   The Company shall be under no obligation to segregate any assets in connection with the maintenance  of a Deferred Compensation Account, nor shall anything contained in this Plan nor any action taken  pursuant to the Plan create or be construed to create a trust of any kind, or a fiduciary relationship  between the Company and Participant. Title to the beneficial ownership of any Shares which the  Company may designate to pay the amount credited to the Deferred Compensation Account shall at  all times remain in the Company and Participant shall not have any property interest whatsoever in any  specific assets of the Company. Participant’s interest in the Deferred Compensation Account shall be  limited to the right to receive payment in Shares pursuant to the terms of this Plan.  ARTICLE VI  Change in Control  6.1. Effect of Change in Control on Payment. Upon the occurrence of a Change in  Control (provided that the Change in Control is also a “change in the ownership of the corporation,” a  “change in effective control of the corporation” or a “change in the ownership of a substantial portion  of the assets of the corporation” for purposes of IRC Section 409A, and the regulations issued  thereunder), the balance of Share Units in a Participant’s Deferred Compensation Account, determined  as of the valuation date immediately preceding the Change in Control, shall be distributed to the  Participant in a single payment of a number of Shares equal to the number of Share Units in the  Participant’s Deferred Compensation Account, with fractional Share Units being rounded up to the  nearest whole share.  6.2. Amendment on or after Change in Control. On or after a Change in Control, or  before, but in connection with, a Change in Control, no action, including by way of example and not  of limitation, the amendment, suspension or termination of the Plan, shall be taken which would  adversely affect the rights of any Participant or the operation of this Article VII with respect to the  balance in the Participant’s accounts immediately before such action  6.3. Attorney’s Fees. The Company shall pay all legal fees and related expenses incurred  by or with respect to a Participant during his lifetime or within ten (10) years after his death in seeking  to obtain or enforce any payment, benefit or right such Participant may be entitled to under the Plan  after a Change in Control.  Reimbursement shall be made on or before the close of the calendar year  following the calendar year in which the expense was incurred. The amount of expenses eligible for  reimbursement under this provision in one calendar year may not affect the amount of expenses eligible  for reimbursement under this provision in any other calendar year. The Participant (or the Participant’s  representative) shall reimburse the Company for such fees and expenses at such time as a court of  

 

  sxc2021 10K Ex10.11  Page 8 of 11  competent jurisdiction, or another independent third party having similar authority, determines that the  Participant’s (or the Participant’s representative’s) claim was frivolously brought without reasonable  expectation of success on the merits thereof.  ARTICLE VII  Miscellaneous  7.1 Amounts Taxable under IRC Section 409A.  Upon a determination that any amounts  deferred under the Plan are included in the gross income of a Participant pursuant to IRC Section 409A,  as amended, and the regulations issued thereunder, such amounts shall be distributed to the Participant.  7.2 Nonalienation of Benefits.  Participant shall not have the right to sell, assign, transfer  or otherwise convey or encumber in whole or in part the right to receive any payment under this Plan  except in accordance with Article V.  7.3 Acceptance of Terms.  The terms and conditions of this Plan shall be binding upon  the heirs, beneficiaries and other successors in interest of Participant to the same extent that said terms  and conditions are binding upon the Participant.  7.4 Administration of the Plan.  The Plan shall be administered by the Committee, which  may make such rules and regulations and establish such procedures for the administration of this Plan  as it deems appropriate. In the event of any dispute or disagreements as to the interpretation of this  Plan or of any rule, regulation or procedure or as to any questioned right or obligation arising from or  related to this Plan, the decision of the Committee shall be final and binding upon all persons.  7.5 Termination and Amendment.  The Plan may be terminated at any time by the Board  of Directors of the Company and may be amended at any time by the Committee; provided, however,  that no such amendment or termination shall adversely affect the rights of Participants or their  beneficiaries with respect to amounts credited to Deferred Compensation Accounts prior to such  amendment or termination, without the written consent of the Participant.  7.6 Construction.  In the case any one or more of the provisions contained in this Plan  shall be invalid, illegal or unenforceable in any respect the remaining provisions shall be construed in  order to effectuate the purposes hereof and the validity, legality and enforceability of the remaining  provisions contained herein shall not in any way be affected or impaired thereby.  7.7 Governing Law.  This Plan shall be construed in accordance with and governed by  the laws of the State of Delaware.

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