Document:

exv10w24

Exhibit 10.24

A G C O C O R P O R A T I O N

DIRECTOR COMPENSATION

for

NON —  EMPLOYEE DIRECTORS

(as of January 1, 2011)

	 	 	 	 	 
	Retainers (1)	 	USD
	Annual Lead Director Retainer (paid only to Lead Director):
	 	 	30,000	 
	Annual Director Base Retainer (applies to all Directors):
	 	 	90,000	 
	Annual
Committee Chairperson Retainer: 

     
(except Audit
Committee and Compensation Committee Chair)
	 	 	15,000	 
	Annual Audit Committee Chairperson Retainer:
	 	 	25,000	 
	Annual Compensation Committee Chairperson Retainer:
	 	 	20,000	 
	 
	 	 	 	 
	Additional Compensation
	 	 	 	 
	Annual AGCO Stock Grant Award (2)
	 	 	100,000	 

In addition, the Company will reimburse directors for the reasonable out-of-pocket expense incurred
in the attendance of the meeting.

Page 1 of  2

 

A G C O C O R P O R A T I O N

DIRECTOR COMPENSATION

for

NON — EMPLOYEE DIRECTORS

(as of January 1, 2011)

Notes:

	1)	 	Payments of annual retainers are made in accordance with the following provisions:

	 	I)	 	Annual Retainers are paid quarterly in four installments (for ease of
calculation purposes quarters are divided into 90 days with a 360 day year).
	 
	 	II)	 	Annual Retainers accrue as of the first day of each calendar quarter
based on the Board and Committee Membership Roster in effect on that date.
	 
	 	III)	 	Annual Retainers are paid in advance during the first month of the
given calendar quarter (e.g., January for the first quarter).
	 
	 	IV)	 	Changes to Board and Committee Memberships (including Chairpersons)
will be reviewed and adjustments made to current quarter’s retainer amounts (up or
down).
	 
	 	V)	 	Any changes in the Retainer amounts due for the current quarter will
be reflected in the ensuing quarter’s retainer payment.

	2)	 	Terms applicable to the Stock Grant Award are defined in the Plan Document. The stock
grant equivalent to USD 100,000 is based on closing price on the day of the Annual
Shareholder’s ’meeting.

Page 2 of  2exv10wr

Exhibit 10(r)

POTASH CORPORATION OF SASKATCHEWAN INC.

AMENDMENT TO THE

SUPPLEMENTAL EXECUTIVE RETIREMENT INCOME PLAN

     WHEREAS, the Potash Corporation of Saskatchewan Inc., a corporation organized under the laws
of Canada (the “Corporation”), established the Supplemental Executive Retirement Income Plan on May
9, 1991, which was most recently amended and restated as of May 11, 2000 and subsequently amended
on February 27, 2003, March 22, 2004 and February 23, 2009 (the “Supplemental Plan”);

     WHEREAS, the Corporation now desires to amend the Supplemental Plan to incorporate a new
formula for computing Executives’ benefits under the Supplemental Plan with respect to services
performed on and after January 1, 2011;

     NOW, THEREFORE, the Supplemental Plan is hereby amended, effective as of January 1, 2011, as
follows (the “Amendment”):

     1. Paragraph 6 of the Supplemental Plan is hereby amended in its entirety to read as follows:

	 	“6.	 	The annual supplemental retirement benefit
payable under the Supplemental Plan, if any, shall be
calculated as of the date of the executive’s termination of
employment (or death, if earlier) as follows:

	 	a.	 	the sum of i), ii) and iii),
where:

	 	i)	 	is equal to 2% of the
executive’s average three highest calendar years’
earnings,

	 	 	 	multiplied by

	 	 	 	the executive’s years (including partial years
calculated to the last full month completed) of
Continuous Service (as defined under the Potash
Corporation of Saskatchewan Inc. Pension Plan (the
“Pension Plan”)) up to a maximum of 35 years, to the
extent that such Continuous Service was completed
before July 1, 2009;
	 
	 	ii)	 	is equal to 2% of the
executive’s average earnings for the three consecutive
calendar years during which the executive’s earnings
were the highest,

	 	 	 	multiplied by

 

 

	 	 	 	the executive’s years (including partial years
calculated to the last full month completed) of
Continuous Service up to a maximum of 35 years,
provided that (A) such Continuous Service was
completed on and after July 1, 2009 but before
January 1, 2011, and (B) the sum of the years of
Continuous Service taken into account under section
(a)(i) and this section (a)(ii) does not exceed 35;
and
	 
	 	iii)	 	is equal to 1.5% of the
executive’s average earnings for the three consecutive
calendar years during which the executive’s earnings
were the highest,

	 	 	 	multiplied by

	 	 	 	the executive’s years (including partial years
calculated to the last full month completed) of
Continuous Service up to a maximum of 35 years,
provided that (A) such Continuous Service was
completed on and after January 1, 2011, and (B) the
sum of the years of Continuous Service taken into
account under sections (a)(i) and (a)(ii) and this
section (a)(iii) does not exceed 35;

	 	 	 	MINUS

	 	b.	 	the annual retirement benefit
which can be provided with the sum of (i) the balance
of the executive’s account under the Pension Plan
attributable to employee contributions made to such
plan by the executive as of December 31, 2010, adjusted
on and after January 1, 2011 for its allocable share of
earnings through the date of the executive’s
termination of employment or death, as the case may be,
and (ii) the executive’s account balance under the
Pension Plan attributable to employer contributions
made to the Pension Plan by the Corporation and/or its
subsidiaries or affiliates on behalf of the executive
(and earnings thereon through the date of the
executive’s termination of employment or death, as the
case may be).”

     2. A new paragraph 12 is hereby added to the Supplemental Plan to read as follows:

	 	“12.	 	The Corporation has reserved
the power to amend or terminate this Agreement in whole
or in part at

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	 	 	 	any time, in its sole discretion and without the
consent of any executive, his or her beneficiary or
any other individual, except as may be otherwise
expressly provided with respect to an executive in an
applicable individual agreement.”

     3. In all other respects the Supplemental Plan remains unchanged.

IN WITNESS
WHEREOF the Corporation has executed this Amendment this 29th day of December, 2010.

	 	 	 	 	 
	 	POTASH CORPORATION OF

SASKATCHEWAN INC.

 	 
	 	By:  	/s/
Barbara Jane Irwin	 
	 	 	 	 
	 	 	 	 
	 

- 3 -exv10wy

Exhibit 10(y)

POTASH CORPORATION OF SASKATCHEWAN INC.

AMENDMENT TO THE AGREEMENT

          WHEREAS, the Potash Corporation of Saskatchewan Inc., a corporation organized under the laws
of Canada (the “Corporation”), entered into an agreement (the “Agreement”) that was most recently
amended and restated as of February 20, 2007 and subsequently amended on December 24, 2008 and
February 23, 2009, with William J. Doyle of Northbrook, Illinois, an executive of the Corporation
(the “Executive”), for the provision by the Corporation to the Executive (or, in the event of the
Executive’s death, to the Executive’s designated beneficiary) of a supplemental retirement benefit;

          WHEREAS, the Corporation and the Executive now desire to amend the Agreement to incorporate a
new formula for computing the Executive’s benefit under the Agreement with respect to services
performed on and after January 1, 2011;

          NOW, THEREFORE, the Agreement is hereby amended, effective as of January 1, 2011, as follows
(the “Amendment”):

     1. Section (a) of the definition of “Earnings” in paragraph 1 of the Agreement is hereby
amended (taking into account the provisions of this Amendment set forth below) by substituting the
phrase “for purposes of sections (b)(ii) and (b)(iii) of paragraph 4 of this Agreement” therein for
the phrase “for purposes of section (b)(ii) of paragraph 4 of this Agreement”.

     2. The definition of “Pension Plan” in paragraph 1 of the Agreement is hereby amended in its
entirety to read as follows:

“For purposes of this Agreement, the term “Pension Plan” means the
PCS Inc. Pension Plan and the PCS U.S. Employees’ Savings Plan, from
which the Executive is entitled to benefits by reason of his service
with the Corporation. For purposes of paragraph 4(c) hereof, (a)
the annual retirement benefit which can be provided to the Executive
under the PCS Inc. Pension Plan shall be determined based on the
Executive’s account balance under such plan as of the Executive’s
payment date under paragraph 5(b) hereof, which is attributable to
(i) employee contributions made to such plan by the Executive before
January 1, 2011, and (ii) employer contributions made by the
Corporation to such plan, each such amount to be adjusted for
earnings determined as if the contributions described in clauses (i)
and (ii) had been invested in the Over 25 Years Conservative Fund,
and (b) the annual retirement benefit which can be provided to the
Executive under the PCS U.S. Employees’ Savings Plan shall be
determined as of the payment date under paragraph 5(b) hereof as if
$503,040.07 had been invested in the Fidelity Freedom 2015 Fund
after December 31, 2004.”

 

 

     3. Paragraph 4 of the Agreement is hereby amended in its entirety to read as follows:

	 	“4.	 	The annual supplemental retirement benefit payable under this
Agreement, if any, shall be calculated as of the Executive’s payment
date under paragraph 5(b) as follows:

	 	(a)	 	5% of the Executive’s average 3 highest
calendar years’ Earnings,

	 	 	 	multiplied by

	 	 	 	the Executive’s years (including partial years calculated to
the last full month completed) of Continuous Service
completed before July 1, 2009 up to a maximum of 10 years;

	 	 	 	PLUS

	 	(b)	 	the sum of (i), (ii) and (iii), where:

	 	(i)	 	is equal to 2% of the Executive’s
average 3 highest calendar years’ Earnings,

	 	 	 	multiplied by

	 	 	 	the Executive’s years (including partial years calculated to
the last full month completed) of Continuous Service in
excess of 25 years to a maximum of 10 additional years, to
the extent that such Continuous Service was completed before
July 1, 2009;
	 
	 	(ii)	 	is equal to 2% of the Executive’s
average Earnings for the 3 consecutive calendar years during
which the Executive’s Earnings were the highest,

	 	 	 	multiplied by

	 	 	 	the Executive’s years (including partial years calculated to
the last full month completed) of Continuous Service in
excess of 25 years to a maximum of 10 additional years,
provided that (A) such Continuous Service was completed on
and after July 1, 2009 but before January 1, 2011, and (B)
the sum of the years of Continuous Service taken into account
under section (b)(i) and this section (b)(ii) does not exceed
10; and

- 2 -

 

	 	(iii)	 	is equal to 1.5% of the Executive’s
average Earnings for the 3 consecutive calendar years during
which the Executive’s Earnings were the highest,

	 	 	 	multiplied by

	 	 	 	the Executive’s years (including partial years
calculated to the last full month completed) of
Continuous Service in excess of 25 years to a maximum
of 10 additional years, provided that (A) such
Continuous Service was completed on and after January
1, 2011, and (B) the sum of the years of Continuous
Service taken into account under sections (b)(i) and
(b)(ii) and this section (b)(iii) does not exceed 10;

	 	 	 	MINUS

	 	(c)	 	the annual retirement benefit which can be
provided to the Executive under the Pension Plan on a life-only
basis.

	 	 	 	For purposes of calculating the offset amount under section (c)
above, the Corporation shall determine an actuarial equivalent
annuity offset representing the employer portion of benefits
reasonably expected to be provided under the Pension Plan, based on
reasonable actuarial equivalent factors. The exchange rate used to
convert Canadian or U.S. dollars shall be the rate in effect at noon
on the business day immediately preceding the Executive’s
termination of employment.”

     4. In all other respects the Agreement remains unchanged.

          IN WITNESS WHEREOF the Corporation has executed this Amendment by its duly authorized officers
on its behalf and the Executive has executed this Amendment 29th day of December, 2010.

	 	 	 	 	 	 	 

	 	 	POTASH CORPORATION OF	 	 
	 	 	SASKATCHEWAN INC.	 	 
	 
	 	 	 	 	 	 
	 

	 	By:
	 	/s/ Barbara Jane Irwin
 

	 	 
	 
	 	 	 	 	 	 
	 	 	William J. Doyle	 	 
	 
	 	 	 	 	 	 
	 	 	/s/ William J. Doyle	 	 

- 3 -

 

SIGNED SEALED AND DELIVERED in the

presence of:

	 	 	 

	David
R. Haverick 

Name of Witness

	 	 
	 
	 	 
	/s/ David
R. Haverick 

Signature of Witness

	 	 

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