Document:

Exhibit 10.40

Exhibit 10.40

INDEMNIFICATION AGREEMENT

This Indemnification Agreement dated as of the ____ day of l 201l,

B E T W E E N:

l
of the City of l, in the 
Province of l

(the “Indemnitee”),

OF THE FIRST PART,

- and -

THOMPSON CREEK METALS COMPANY INC.,
a company incorporated under the laws
of the Province of British Columbia

(the “Corporation”),

OF THE SECOND PART.

RECITALS:

		
	(a)
	The Corporation desires to attract and retain the services of highly qualified individuals such as the Indemnitee to serve as directors of the Corporation.

		
	(b)
	In order to attract such individuals the Corporation desires to provide them with the maximum protection permitted by applicable law against liabilities they may incur in their capacities as directors of the Corporation or in any other capacity in which they may act at the request of the Corporation.

		
	(c)
	In light of the foregoing, the Indemnitee consented to be appointed and has been appointed a director of the Corporation. 

		
	(d)
	The Corporation desires to provide the Indemnitee with the maximum protection permitted by applicable law against any and all liabilities he may incur in his capacity as a director of the Corporation or in any other capacity in which he may act at the request of the Corporation.

In consideration of the premises, the payment by each party to the other of the sum of $1.00 in lawful money of Canada (receipt of which is acknowledged), the respective covenants of each party set forth in this Agreement and other good and valuable consideration (the sufficiency of which is acknowledged), the parties agree as follows:

Section 1    Definitions

In this Agreement:

“Act” means the Business Corporations Act (British Columbia) or such other substituted or replacement corporate legislation, as in force from time to time during the term of this Agreement;

“Agent” means any person who (a) is or was a director or officer of the Corporation, (b) is or was a director or officer of another body corporate at a time when that body corporate is or was an affiliate of the Corporation, 

 

(c) is or was a director or officer of another body corporate at the request of the Corporation, or (d) is or was serving at the request of the Corporation as a director, officer or a position equivalent to that of a partnership, joint venture, trust, or other unincorporated entity;

“Associated Entity” means a body corporate, partnership, joint venture or other incorporated entity referred to in the definition of “Agent”;

“Expenses” means, without limitation, lawyers’ fees, any expenses of establishing a right to indemnification under this Agreement or the Act, or any other expenses permitted under this Agreement or the Act; and

“Proceeding” means threatened, pending, contemplated or completed action, proceeding, claim, suit or inquiry, whether civil, criminal or administrative, to which the Indemnitee, or any of the heirs and personal or other legal representatives of the Indemnitee, is or was a party, or is or may be liable for or in respect of a judgment, penalty or fine in, or expenses related to a proceeding, whether civil, criminal or administrative, by reason of the fact that the Indemnitee is or was an Agent or by reason of anything done or not done by him in such capacity.

		
	Section 2
	Agreement to Serve

In consideration of the protection afforded by this Agreement, the Indemnitee agrees to serve as a director of the Corporation, provided that nothing in this Agreement shall prohibit the Indemnitee from resigning as such at any time.  If the Indemnitee is an employee or agent of the Corporation, nothing contained in this Agreement is intended to create, and shall not create, in the Indemnitee any right to continued employment.

Section 3    Indemnification

		
	(1)
	Indemnity. The Corporation shall, to the fullest extent permitted by law, indemnify the Indemnitee, effective from the date the Indemnitee was first appointed as a director of the Corporation, against any and all Expenses, judgments, fines, penalties, settlements, damages and other amounts actually and reasonably incurred (including, without limitation, costs, charges, legal fees and disbursements) by the Indemnitee in connection with any Proceeding to the fullest extent permitted by the Act unless, with respect to the acts or omissions of the Indemnitee, the Indemnitee did not act honestly and in good faith with a view to the best interests of the Corporation or the Associated Entity or, in the case of a criminal or administrative action or proceeding, the Indemnitee did not have reasonable grounds for believing that his conduct in respect of which the Proceeding was brought was lawful.  No determination in any Proceeding against the Indemnitee by judgment, order, settlement (with or without court approval) or conviction shall, of itself, create a presumption that the Indemnitee did not act honestly and in good faith with a view to the best interests of the Corporation or the Associated Entity and, with respect to any criminal or administrative action or proceeding, that the Indemnitee did not have reasonable grounds for believing that his conduct was lawful.

		
	(2)
	Notice and Co-operation by the Indemnitee. The Indemnitee shall, as a condition precedent to his right to be indemnified under this Agreement, give the Corporation notice in writing as soon as practicable of the commencement or the threatened commencement of any Proceeding against the Indemnitee for which indemnification will or could be sought under this Agreement.  Notice to the Corporation shall be directed to the Chairman and Chief Executive Officer of the Corporation at the address set out in Section 15 of this Agreement (or such other address as the Corporation shall designate in writing to the Indemnitee).  In addition, the Indemnitee shall give the Corporation such information and co-operation regarding such Proceeding or threatened Proceeding as it may reasonably require and as shall be within the Indemnitee’s power.

		
	(3)
	Payment. Within ten days after receipt of a claim for indemnification under this Agreement, the Corporation shall pay or cause to be paid the indemnification claim unless the indemnification claim is not covered by this Agreement or the payment thereof is not permitted by applicable law.  If the Corporation believes that the indemnification claim is not covered by this Agreement or the payment thereof is not permitted by applicable law, it shall proceed in accordance with Section 10 of this Agreement, “Determination of Indemnification”.  

 

Any claim for indemnification, if paid by the Corporation, shall be subject to repayment in the event that the indemnification claim is not covered by this Agreement or the payment thereof is not permitted by applicable law, as set out in Subsection 3(4).  For greater certainty and notwithstanding anything herein contained, the Corporation shall advance moneys to the Indemnitee for all costs, charges and expenses incurred by the Indemnitee in respect of a Proceeding in accordance with this Subsection 3(3), and subject to the terms set out in Subsection 3(4) and Section 10.

		
	(4)
	Repayment of Money. If the Corporation pays an Expense amount to the Indemnitee which (i) the Corporation is not permitted to pay by law or pursuant to this Agreement, or (ii) is later reimbursed from a source other than the Corporation, then such amount shall be deemed to have been a loan by the Corporation to the Indemnitee and upon written request by the Corporation, the Indemnitee shall repay such amounts to the Corporation within thirty (30) days of such written request for reimbursement.  No interest shall be payable by the Indemnitee with respect to such loan unless such loan is not repaid within such period of thirty (30) days, in which event interest shall be payable thereon at the rate of five percent (5%) per annum, computed from the date which is thirty (30) days following the written request of the Corporation for repayment. The Indemnitee’s Agreement herein shall serve as written undertaking that, if it is ultimately determined that the payment of any Expense by the Corporation is not permitted or later reimbursed by a source other than the Corporation, the Indemnitee will repay the Corporation any such Expense’s. 

		
	(5)
	Effect on Remuneration. Any indemnification to be made to the Indemnitee under this Agreement shall not be affected by any remuneration that the Indemnitee shall have received, or to which the Indemnitee may be entitled, at any time for acting as a director of the Corporation or, at the request of the Corporation, as a director, or as an individual acting in a similar capacity, of another entity.

		
	(6)
	Notice to Insurers. If, at the time of the receipt of a notice of a claim pursuant to Subsection 3(2) hereof, the Corporation has directors’, officers’, employees’ and/or agents’ liability insurance in effect, the Corporation shall give prompt notice of such Proceeding to the insurers in accordance with the procedures set forth in the respective policies.  The Corporation shall then take all necessary or desirable action to cause such insurers to pay, on behalf of the Indemnitee, all amounts payable as a result of such Proceeding in accordance with the terms of such policies.

		
	(7)
	Selection of Counsel. In the event the Corporation shall be obligated under this Section 3 to indemnify the Indemnitee, the Corporation shall be entitled to assume the defence of such Proceeding upon the delivery to the Indemnitee of written notice of its election to do so.  After delivery of such notice and the retention of counsel by the Corporation, the Corporation shall not be liable to the Indemnitee under this Agreement for any fees of counsel subsequently incurred by the Indemnitee with respect to the same Proceeding, provided that (i) the Indemnitee shall have the right to employ his own counsel in any such Proceeding at the Indemnitee’s expense; and (ii) if (A) the employment of counsel by the Indemnitee has been previously authorized by the Corporation, (B) the Indemnitee shall have been advised in a written opinion of counsel acceptable to the Corporation, acting reasonably, addressed to the Indemnitee and to the Corporation stating that there may be a conflict of interest between the Corporation and the Indemnitee in the conduct of any such defence, or (C) the Corporation shall not, in fact, have employed counsel to assume the defence of such Proceeding, then the fees and expenses of the Indemnitee’s counsel shall be borne by the Corporation.

		
	(8)
	Settlement by Indemnitee. No settlement shall be undertaken by the Indemnitee in respect of any Proceeding without the consent of the Corporation unless the Corporation and its insurer(s), if any applicable insurance exists, have indicated that they would not indemnify the Indemnitee according to the terms of this Agreement or any applicable directors’, officers’, employees’ and/or agents’ liability insurance policy, that may or may not be in force. 

		
	(9)
	Settlement by Corporation. The Corporation shall be entitled to settle any Proceeding against the Indemnitee for which indemnity is sought by the Indemnitee hereunder on terms and conditions determined by the Corporation, provided that: (i) the settlement does not involve any obligation or liability of the Indemnitee other than the payment of a monetary amount; (ii) the Indemnitee is indemnified in full against payment of 

 

such monetary amount together with all related Expenses, whether or not such Expenses would otherwise be payable hereunder; and (iii) the settlement is expressly stated to be made by the Corporation on behalf of the Indemnitee, without any admission of liability by the Indemnitee.

Section 4    Additional Indemnification Rights: Non-Exclusivity

		
	(1)
	Scope. Notwithstanding any other provision of this Agreement, the Corporation hereby agrees to indemnify the Indemnitee to the fullest extent permitted by law, notwithstanding that such indemnification is not specifically authorized by other provisions of this Agreement.  In the event of any change after the date of this Agreement in any applicable law, statute or rule which expands the right of a British Columbia corporation to indemnify an Agent, such changes shall, without any formality, be within the purview of the Indemnitee’s rights and the Corporation’s obligations under this Agreement.

		
	(2)
	Non-Exclusivity. The indemnification provided by this Agreement shall not be deemed exclusive of any rights to which the Indemnitee may be entitled under the Corporation’s notice of articles, its articles, any other agreement by which the Corporation is bound, any vote of shareholders or disinterested directors, the Act or otherwise.

		
	(3)
	Partial Indemnification. If the Indemnitee is entitled under any provision of this Agreement to indemnification by the Corporation for some or a portion of the Expenses, judgments, fines, penalties, damages or settlements actually or reasonably incurred by the Indemnitee in the investigation, defence, appeal or settlement of any Proceeding, but not, however, for the total amount thereof, the Corporation shall nevertheless indemnify the Indemnitee for that portion for which the Indemnitee is entitled to indemnification.

		
	(4)
	Further Compensation. The Corporation also agrees that in case any legal proceeding or investigation shall be brought against the Corporation by any court or governmental commission or regulatory authority or any stock exchange or other entity having regulatory authority, either domestic or foreign and the Indemnitee shall be required to testify in connection with such legal proceeding or investigation or shall be required to respond to procedures designed to discover information regarding a proceeding involving the Corporation, the Indemnitee, if and as agreed by the Corporation, shall employ its own counsel in connection with such legal proceeding or investigation, and the reasonable fees and expenses of such counsel as well as the reasonable costs (including an amount to reimburse the Indemnitee (other than an Indemnitee employed by the Corporation at the time of such proceeding) for time spent by him at a reasonable per diem rate of compensation appropriate for the Indemnitee, as the Indemnitee and the Corporation will agree (or if they do not agree, as determined by independent legal counsel appointed by both parties and out-of-pocket expenses incurred by the Indemnitee in connection therewith shall be paid by the Corporation as they occur.

Section 5    The Directors’ and Indemnitees’ Liability Insurance

The Corporation shall, from time to time, make a good faith determination whether or not it is practicable for the Corporation to obtain and maintain a policy or policies of insurance with reputable insurance companies providing the Agents with coverage from losses from wrongful acts, or to insure the Corporation’s performance of its indemnification obligations under this Agreement.  Among other considerations, the Corporation will weigh the costs of obtaining such insurance coverage against the protection afforded by such coverage.  In all policies of Agents’ liability insurance, the Indemnitee shall be named as an insured in such a manner as to provide the Indemnitee the same rights and benefits as are accorded to the most favorably insured of the Corporation’s directors.  Notwithstanding the foregoing, the Corporation shall have no obligation to obtain or maintain such insurance if the Corporation determines in good faith that such insurance is not reasonably available, if the premium costs for such insurance are too high, if the coverage provided by such insurance is limited by exclusions so as to provide an insufficient benefit, or if the Indemnitee is covered by similar insurance maintained by a subsidiary or parent of the Corporation.

Section 6    Severability

 

If any section, paragraph, clause or other provision of this Agreement is determined by a court of competent jurisdiction to be invalid, illegal or unenforceable, in whole or in part, such determination shall not affect or impair and shall not be deemed to affect or impair the validity, legality or enforceability of any other section, paragraph, clause or other provision hereof and each such section, paragraph, clause or other provision shall be interpreted in such a manner as shall render them valid, legal and enforceable to the greatest extent permitted by applicable law.

Section 7    Exceptions

Any other provision herein to the contrary notwithstanding, pursuant to the terms of this Agreement, and unless the Corporation is being ordered by the court due to an application brought in accordance with the Act to do any of the following, the Corporation shall not be obligated:

		
	(i)
	Excluded Acts. to indemnify the Indemnitee for any acts or omissions or transactions from which a director cannot be relieved of liability as set forth in the Act; or

		
	(ii)
	Claims Initiated by the Indemnitee. to indemnify or advance Expenses to the Indemnitee with respect to proceedings or claims initiated or brought voluntarily by the Indemnitee and not by way of defence, except with respect to proceedings brought to establish or enforce a right to indemnification under this Agreement, the Act or any other statute or law; or

		
	(iii)
	Lack of Good Faith. to indemnify the Indemnitee for any Expenses incurred by the Indemnitee with respect to any Proceeding instituted to enforce or interpret this Agreement, if a court of competent jurisdiction determines that any of the material assertions made by the Indemnitee in such proceedings was not made in good faith or was frivolous; or

		
	(iv)
	Gross Negligence. to indemnify the Indemnitee in the case of the gross negligence or willful misconduct of the Indemnitee in connection with the duties of the Indemnitee as an Agent; or

		
	(v)
	Insured Claims. to indemnify the Indemnitee for Expenses or liabilities of any type whatsoever which have been paid directly to the Indemnitee by an insurance carrier under a policy of Agents’ liability insurance maintained by the Corporation; or

		
	(vi)
	Claims for Unlawful Profits. to indemnify the Indemnitee for Expenses or the payment of profits arising from the purchase and sale by the Indemnitee of securities in violation of applicable securities laws; or

		
	(vii)
	Reasonable Belief Activity Lawful. to indemnify the Indemnitee for Expenses incurred by the Indemnitee with respect to any Proceeding, other than a civil proceeding, if the Indemnitee did not have reasonable grounds for believing that the Indemnitee’s conduct in respect of which the proceeding was brought was lawful; or

		
	(viii)
	Proceeding brought by Corporation. to indemnify the Indemnitee for Expenses incurred by the Indemnitee with respect to any Proceeding brought against the Indemnitee by or on behalf of the Corporation or by or on behalf of an Associate Entity; or

		
	(ix)
	Other Indemnification. to indemnify the Indemnitee for Expenses for which the Indemnitee is indemnified by the Corporation otherwise than pursuant to this Agreement.

Section 8     No Invalidation

Subject to Section 3, 7 and 10 of this Agreement, no failure by the Indemnitee in their capacity as Agent to comply with the provisions of the Business Corporations Act (British Columbia) or the Notice of Articles and Articles of the Corporation will invalidate any indemnity to which the Indemnitee is entitled to under this Agreement. 

 

Section 9    Effectiveness of Agreement; Continuation of Indemnity

		
	(1)
	Effectiveness. Nothing in this Agreement is intended to require or shall be construed as requiring the Corporation to do or fail to do any act in violation of applicable law.  The Corporation’s inability, pursuant to applicable law or court order, to perform its obligations under this Agreement shall not constitute a breach of this Agreement.

		
	(2)
	Continuation. The indemnification and advancement of Expenses by the Corporation to the Indemnitee provided for under this Agreement shall survive and continue after termination of the Indemnitee as an officer, director, employee or other Agent as to any acts or omissions by the Indemnitee while serving in such capacity.

		
	(3)
	Access to Information. The Indemnitee and the Indemnitee’s advisors shall at all times be entitled to review during regular business hours all documents, records and other information with respect to the Corporation or any Associated Entity in which the Indemnitee acted as an Agent which are under the Corporation’s control and which may be reasonably necessary in order to defend the Indemnitee against any Proceeding that relates to, arises from or is based on the Indemnitee’s discharge of their duties as Agent, provided that the Indemnitee shall maintain all such information in strictest confidence except to the extent necessary for the Indemnitee’s defence. This section shall not apply where the Proceeding is initiated by the Corporation or any of the Associated Entities nor shall it apply where the review by the Indemnitee and/or its advisors of any such documents, records or other information would, in the opinion of legal counsel to the Corporation, cause the Corporation (or an Associated Entity) to lose its entitlement to claim privilege with respect to the disclosure of same in any proceeding in any jurisdiction. 

		
	Section 10 
	Determination of Indemnification

The determination on behalf of the Corporation that the Indemnitee is not entitled to be indemnified under this Agreement, the Act or the by-laws of the Corporation against any and all Expenses arising out of any Proceeding hereof shall be made by independent legal counsel selected mutually by the Corporation and the Indemnitee.  If the Corporation and the Indemnitee cannot agree as to an independent legal counsel to make such determination within 45 days of the Corporation notifying the Indemnitee of its decision that the Indemnitee is not entitled to indemnification or, if independent legal counsel selected in accordance herewith fails to make a determination as to the right of the Indemnitee to indemnification hereunder within 45 days of the selection of the independent legal counsel, the Indemnitee or the Corporation shall have the right to apply to a court of competent jurisdiction for such a determination. While any determination is being made, the Indemnitee shall be entitled to indemnification in accordance with this Agreement, the Act or the by-laws of the Corporation.  Notwithstanding any such determination, unless made by a court of competent jurisdiction, the right of the Indemnitee to indemnification or advances of costs, charges and expenses as provided in the Agreement, the Act or the by-laws of the Corporation shall be enforceable by the Indemnitee in any court of competent jurisdiction.  The burden of proving that the Indemnitee is not entitled to indemnification under this Agreement, the Act or the by-laws of the Corporation shall be on the Corporation.  Neither the failure of the Corporation to have made a determination prior to the commencement of such action or proceeding that indemnification is proper in the circumstances because the Indemnitee has met the applicable standard of conduct, nor an actual determination by the Corporation that the Indemnitee has not met such applicable standard of conduct shall be a defence to the action or create a presumption that the Indemnitee has not met the applicable standard of conduct.  Costs and expenses, including legal fees, reasonably incurred by the Indemnitee in connection with establishing the Indemnified Party's right to indemnification, in whole or in part, in any such action shall also be indemnified by the Corporation. 

		
	Section 11
	Tax Adjustment

If any amount payable under this Agreement (including, without limitation, an amount paid or payable on account of insurance premiums or made by an insurer under a directors’, officers’, employees’ and/or agents’ liability insurance policy, if one exists at time of Expense),  constitutes a taxable benefit to the Indemnitee or otherwise subjects the Indemnitee to any tax or levy of any kind, or any taxing authority so alleges, the Corporation will keep the Indemnitee harmless from any such tax or levy and, without limiting the foregoing, shall timely pay to the Indemnitee or on the 

 

Indemnitee’s behalf the amount of any and all such taxes and levies, together with any interest and penalties thereon not arising exclusively from the Indemnitee’s gross negligence, including any such amounts relating to any payment under this Section 11, so that no such amount will be an unreimbursed expense to the Indemnitee.  The Corporation will also reimburse the Indemnitee, on a similar after tax basis, for any reasonable costs (including the costs of professional advisors) incurred by the Indemnitee in connection with any payment to which this Section 11 relates or the enforcement by the Indemnitee of their rights hereunder.  The amount of any payment hereunder shall be determined without regard to any deductions, credits offsets or similar amounts or adjustments available to the Indemnitee in computing income, taxable income, tax payable or other relevant amounts (except to the extent arising from payments under this Section 11).  For clarity, the Indemnitee shall not be obliged to contest any claim that tax, other levy, penalty or interest to which this Section 11 applies is owing, and their rights under this Section 11 are not dependent on the validity of any such claim.

		
	Section 12
	Counterparts

This Agreement may be executed in one or more counterparts, each of which shall constitute an original and all of which together shall constitute one and the same instrument.

Section 13    Successors and Assigns

This Agreement shall be binding upon the Corporation and its successors and assigns, and shall enure to the benefit of the Indemnitee and the Indemnitee’s estate, heirs, legal representatives and assigns.  This Agreement may not be amended except with the written agreement of both parties.

Section 14    Legal Expenses

If any action is instituted by the Indemnitee under this Agreement to enforce or interpret any of the terms hereof, the Indemnitee shall be entitled to be paid all court costs and expenses, including the reasonable fees of counsel, incurred by the Indemnitee with respect to such action, unless as a part of such action, the court of competent jurisdiction determines that any of the material assertions made by the Indemnitee as a basis for such action were not made in good faith or were frivolous.

Section 15    Notices

All notices, requests and other communications hereunder shall be in writing, and shall be delivered by courier or other means of personal service, or sent by facsimile transmission, e-mail or mailed first class, postage prepaid, by registered mail, return receipt requested, in all cases, addressed to:

Indemnitee:    l

Corporation:    Thompson Creek Metals Company Inc.
26 West Dry Creek Circle, Suite 810
Littleton, Colorado  80120
Attention:  Kevin Loughrey

All notices, requests and other communications shall be deemed given on the date of actual receipt or delivery as evidenced by written receipt, acknowledgement or other evidence of actual receipt or delivery to the address.

Section 16    Consents to Jurisdiction

Any and all legal proceedings to enforce this Agreement, whether in contract, tort, equity or otherwise, shall be brought in the appropriate court in the Province of British Columbia, the parties waive any claim or defence that 

 

such forum is not convenient or proper.  The Corporation and the Indemnitee each agrees that any court shall have in personam jurisdiction over it, consents to service of process in any manner prescribed in Section 15 or in any other manner authorized by British Columbia law, and agrees that a final judgment in any such action or proceeding shall be conclusive and may be enforced in other jurisdictions by suit on the judgment or in any other manner specified by law.

Section 17     Governing Law

This Agreement shall be governed by and construed in accordance with the laws of the Province of British Columbia as applied to contracts between British Columbia residents entered into and performed entirely within British Columbia.

IN WITNESS WHEREOF the parties hereto have executed this Agreement as of the date first above written.

THOMPSON CREEK METALS COMPANY INC.

By:        

Signed, sealed and delivered    )
       in the presence of    )
)
)            
Witness        )        lExhibit - 10.42

Exhibit 10.42

THOMPSON CREEK METALS COMPANY INC.
 NON-EMPLOYEE NON-QUALIFIED DEFERRED COMPENSATION PLAN

Effective December 18, 2012 

THOMPSON CREEK METALS COMPANY USA 
NON-EMPLOYEE NON-QUALIFIED DEFERRED COMPENSATION PLAN  
EFFECTIVE DECEMBER 18, 2012 

		
	1.
	Purpose and Adoption

(a)    Adoption.  By resolution of the Board of Directors of Thompson Creek Metals Company Inc. (the “Company”), the Company has adopted the Thompson Creek Metals Company Inc. Non-Employee Non-Qualified Deferred Compensation Plan effective December 18, 2012 (the “Plan”).
(b)    Purpose. The purpose of the Plan is to attract and retain highly qualified individuals to serve as non-employee Directors of the Company and to provide a similar opportunity for them to save additional funds on a tax deferred basis for retirement.  The Plan is designed to permit Participants to defer all or a portion of their Annual Fee and RSUs granted to them by the Company, until a Change in Control of the Company, a Separation from Service, the termination of the Plan, the occurrence of an Unforeseeable Emergency, a Specified Payment Date, or a Participant’s death, or Disability.
		
	2.
	Definitions 

For purposes of the Plan, the following terms shall have the following meanings unless a different meaning is plainly required by the context: 
(a)     “Account” shall mean an account established and maintained by the Company in its books and records to reflect the interest of a Participant in the Plan resulting from a Participant’s deferral of his or her Annual Fee or RSUs, or any portion thereof, whether denominated in cash or in stock, and the adjustments thereto, for the benefit of the Participant. 
(b)    “Annual Fee” shall mean the cash portion of any annual fee to which a Participant is entitled under the Company’s director compensation policy, as may be amended from time to time.  Such term shall include all cash compensation, including but not limited to, stipends, retainers, and meeting fees.
(c)    “Annual Rate of Return” shall mean an applicable rate of return per annum determined by the Compensation and Governance Committee in its sole discretion, which is initially set at the Wall Street Journal Prime Rate plus one percent.
(d)    “Beneficiary” shall mean any person, estate, trust, or organization entitled to receive any payment under the Plan upon the death of a Participant pursuant to Section 6(c). 
(e)    “Board of Directors” shall mean the Board of Directors of the Company. 
(f)    “Cash Deferred Portion” shall mean the portion of a Participant’s Accounts which has been deferred from Annual Fees, and the adjustments thereto, for the benefit of the Participant.    
(g)    “Change in Control” shall mean the occurrence of any one or more of the following events: 
(i)    less than fifty percent (50%) of the Board of Directors being composed of Continuing Directors; 
(ii)    any Person, entity or group of Persons or entities acting jointly or in concert (an “Acquiror”) acquires control (including, without limitation, the right to vote or direct the voting) of Voting Securities of the Company which, when added to the Voting Securities owned of record or beneficially by the Acquiror or which the Acquiror has the right to vote or in respect of which the Acquiror has the right to direct the voting, would entitle the Acquiror and/or associates and/or affiliates of the Acquiror (as such terms are defined in the Securities Act) to cast or to direct the casting of thirty percent (30%) or more of the votes attached to all of the Company’s 

outstanding Voting Securities which may be cast to elect directors of the Company or the successor corporation (regardless of whether a meeting has been called to elect directors);
(iii)    the shareholders of the Company approve all necessary resolutions required to permit any Person to accomplish the result set forth in paragraph (ii), above, even if the securities have not yet been issued to or transferred to that Person;
(iv)    the Company shall sell or otherwise transfer, including by way of the grant of a leasehold interest or joint venture interest (or one or more subsidiaries of the Company shall sell or otherwise transfer, including without limitation by way of the grant of a leasehold interest or joint venture interest) property or assets
		
	(1)
	aggregating more than fifty percent (50%) of the consolidated assets (measured by either book value or fair market value) of the Company and its subsidiaries as of the end of the most recently completed financial year of the Company, or

		
	(2)
	which during the most recently completed financial year of the Company generated, or during the then current financial year of the Company are expected to generate, more than fifty percent (50%) of the consolidated operating income or cash flow of the Company, to any other Person or Persons, in which case the Change in Control shall be deemed to occur on the date of transfer of the assets representing one U.S. dollar (US $1) more than fifty percent (50%) of the consolidated  assets in the case of clause (1) or fifty percent (50%) of the consolidated operating income or cash flow in the case of clause (2), as the case may be; or

(v)    the shareholders of the Company approve all necessary resolutions required to permit any Person to accomplish the result set forth in paragraph (iv) above.
For the purposes of the foregoing, “Voting Securities” means shares and any other shares entitled to vote for the election of directors and shall include any security, whether or not issued by the Company, which are not shares entitled to vote for the election of directors but are convertible into or exchangeable for shares which are entitled to vote for the election of directors including any options or rights to purchase such shares or securities.
(A)    Notwithstanding the foregoing or any other provision of the Plan, no “Change in Control” will be deemed to occur if the discussions or negotiations that led to or resulted in the acquisition, sale, transfer, or business combination described in paragraphs (ii), (iii), (iv), or (v) above were initiated for the purpose of effectuating such acquisition, sale, transfer, or business combination by the Company or any of its affiliates or any of their respective advisors acting at the direction of the Company and any of its affiliates. 
(h)    “Code” shall mean the Internal Revenue Code of 1986, as amended, including any successor statute. 
(i)    “Common Stock” means the Common Stock of the Company.
(j)    “Company” shall mean Thompson Creek Metals Company Inc., a corporation incorporated in Canada, and any of its successors.
(k)    “Compensation and Governance Committee” shall mean the Compensation and Governance Committee, or any subcommittee thereof, of the Board of Directors.
(l)     “Continuing Director” shall mean either:
(i)    An individual who is a member of the Board of Directors on the Effective Date of the Plan; or

(ii)    An individual who becomes a member of the Board of Directors, subsequent to the Effective Date of the Plan, with the agreement of at least a majority of the Continuing Directors who are members of the Board of Directors on the date that the individual became a member of the Board of Directors.
(m)     “Deferral Election” shall mean the Participant’s written election to defer a portion of his or her Annual Fees and/or RSUs pursuant to Section 4(c) and consistent with such form of deferral election as is specified by the Compensation and Governance Committee. 
(n)     “Deferred RSU” shall mean an RSU granted by the Company for which a Participant has met the performance and/or service requirements and for which the Participant makes a Deferral Election. 
(o)    “Disability” or “Disabled” shall mean a Participant is unable to engage in any substantial gainful activity by reason of any medically determinable physical or mental impairment which can be expected to result in death or can be expected to last for a continuous period of not less than twelve (12) months. 
(p)     “Domestic Relations Order” shall mean a “domestic relations order” as defined in Code Section 414(p)(1)(B).
(q)    “Effective Date” shall mean December 18, 2012. 
(r)    “Employee” shall mean any person who is currently employed by the Company. 
(s)    “Enrollment Date” shall mean the Participation Date, January 1 of each Plan Year and such other dates as may be determined from time to time by the Compensation and Governance Committee. 
(t)    “Non-Employee Director” shall mean each member of the Board of Directors who is not an Employee upon first becoming a Participant in the Plan.
(u)     “Participant” shall mean each Non-Employee Director who is eligible to receive benefits under the Plan. 
(v)    “Participation Date” shall mean the first date on which the Compensation and Governance Committee permits a Participant to defer Annual Fees and/or RSUs under the Plan, or otherwise becomes entitled to receive benefits under the Plan. 
(w)    “Person” shall have the meaning given in Section 3(a)(9) of the Exchange Act, as modified and used in Sections 13(d) and 14(d) thereof; however, a Person does not include:
(i)    the Company or any of its affiliates;
(ii)    a trustee or other fiduciary holding securities under an employee benefit plan of the Company or any of its affiliates;
(iii)    an underwriter temporarily holding securities pursuant to an offering of such securities; or
(iv)    a corporation owned, directly or indirectly, by the shareholders of the Company in substantially the same proportion as their ownership of shares. 
(x)    “Plan” shall mean the Thompson Creek Metals Company Inc. Non-Employee Non-Qualified Deferred Compensation Plan, as amended from time to time. 
(y)     “Plan Year” shall mean the twelve (12) month period commencing January 1st and ending on December 31st next following. 

(z)    “RSU” shall mean the right to receive one share of Common Stock as granted pursuant to the terms and conditions as stated in the award of such right.
(aa)     “Separation from Service” shall mean a Participant’s separation from service as a Non-Employee Director or an Employee, as applicable, under Code Section 409A including the Treasury Regulations and other guidance issued thereunder other than for death or disability. A transfer of employment within or among any entities in the same controlled group as the Company (as determined under Code Sections 414(b) or (c), as applied under Code Section 409A(d)(6) and applicable Treasury Regulations) shall not constitute a Separation from Service. 
(bb)    “Specified Employee” shall mean a “specified employee” with respect to the Company (or a controlled group member (as determined under Code Sections 414(b) or (c), as applied under Code Section 409A(d)(6) and applicable Treasury Regulations)) determined pursuant to procedures adopted by the Company in compliance with Code Section 409A and Treasury Regulation Section 1.409A-1(i) or any successor provision. 
(cc)    “Specified Payment Date” shall mean a specified date or a fixed schedule (not to exceed ten (10) years) that, in each case, is nondiscretionary and objectively determinable at the time a Participant makes his or her Deferral Election.
(dd)    “Stock Deferred Portion” shall mean the portion of a Participant’s Accounts which has been deferred from a grant of RSUs, which is denominated in stock, and any adjustments thereto, for the benefit of the Participant. 
(ee)    “Subsequent Change” shall have the meaning set forth in Section 4(e).
(ff)    “Unforeseeable Emergency” shall mean (i) a severe financial hardship to the Participant resulting from an illness or accident of the Participant or the Participant’s spouse, Beneficiary or dependent (as defined in Code Section 152(a)), (ii) loss of the Participant’s property due to casualty, or (iii) other similar extraordinary and unforeseeable circumstances arising as a result of events beyond the control of the Participant, each as determined to exist by the Compensation and Governance Committee, in its sole and absolute discretion as defined by Code Section 409A and the Treasury Regulations and other guidance thereunder.
		
	3.
	Eligibility 

(a)    Eligibility Requirements. Any Non-Employee Director shall become a Participant on the Enrollment Date coincident with or next following his or her selection by the Compensation and Governance Committee and notification thereof. 
(b)    Ineligible Participant. If the Compensation and Governance Committee determines that a Participant is no longer eligible to participate in the Plan, the Participant’s Deferral Election shall terminate and he or she shall make no more contributions under the Plan until it is again determined that he or she is eligible to participate. The Account of such a Participant shall continue to be adjusted pursuant to the provisions of Section 5 until the Account is distributed under Section 6. 
		
	4.
	Deferral Elections 

(a)    Opportunity to Defer. A Participant may elect to defer payment of a portion of the Annual Fee otherwise payable to him or her for services to be rendered after his or her Participation Date by any dollar amount or whole percentage of his or her Annual Fee (subject to such limits and restrictions as to any dollar amount or percentage as may be established from time to time by the Compensation and Governance Committee), such amount to be credited to his or her Account under the Plan.  In addition, a Participant may also elect to defer the receipt of shares of Common Stock payable to the Participant with respect to RSUs granted (subject to any limits and restrictions that may be established from time to time by the Compensation and Governance Committee), such amount to be credited to his or her Account under the Plan.  

(b)    Accounts.  A separate Account shall be established for each Deferral Election made by a Participant that differs from previous Deferral Elections with respect to timing of distribution (i.e., a different Specified Payment Date) and/or form of distribution (i.e., lump sum or installment).  A Participant shall be limited to a maximum number of five (5) Accounts.  Each Account shall be maintained solely as a bookkeeping entry by the Company to evidence an unfunded obligation of the Company.  
(i)    Cash Deferred Portion.  Each Account may consist of a Cash Deferred Portion.
(ii)    Stock Deferred Portion.  Each Account may also consist of a Stock Deferred Portion.
(c)    Deferral Elections. 
(i)    Timing.  
(A)    Generally. The initial Deferral Election of a new Participant with respect to Annual Fees and RSUs shall be made by written notice signed by the Participant and delivered to the Company not later than thirty (30) days after the Participant first becomes eligible to participate in the Plan or any other plan maintained by the Company that provides for the deferral of the Participant’s compensation.  Provided, however, such initial Deferral Election relating to Annual Fees and RSUs earned for service prior to the date such election form is filed with the Company shall be valid only if such initial Deferral Election complies with the requirements of Section 4(e) and is approved by the Compensation and Governance Committee. Any subsequent Deferral Elections shall be made by written notice signed by the Participant and delivered to the Company not later than the last day of the month prior to the next succeeding Plan Year and shall be effective on the first day of such succeeding Plan Year with respect to Annual Fees to be earned and RSUs to be granted in such subsequent Plan Year.  A Deferral Election with respect to the deferral of future Annual Fees and RSUs shall be an irrevocable election for each Plan Year with respect to the compensation to which it expressly applies (and shall become irrevocable immediately prior to the Enrollment Date to which such Deferral Election relates) unless otherwise modified or revoked during the Plan Year as provided in Section 4(d) herein. The termination of participation in the Plan shall not affect amounts previously deferred by a Participant, and any adjustments thereon, under the Plan.
(ii)    Content. 
(A)    Deferral Elections.  A Deferral Election made pursuant to Section 4(c)(i) shall be made in writing on a form prescribed by the Company and the Deferral Election shall state: 
(1)    That the Participant wishes to make an election to defer the receipt of all or a portion of his or her Annual Fee and/or RSUs; 
(2)    The whole percentage, dollar value, or number of RSUs to be deferred; and
(3)    The Specified Payment Date, if any, on which the Participant shall receive or begin to receive the distributions of his or her Accounts with respect to the Annual Fee and/or RSUs deferred under such Deferral Election. With respect to the Deferred RSUs, the Specified Payment Date must be at least one year from the date of grant.
(B)    Each Deferral Election with respect to Annual Fees shall also include the Participant’s election regarding the form of payment to be received upon his or her death, Disability, Separation from Service or applicable Specified Payment Date, such form to be either (1) a lump sum or (2) annual installments over a period not to exceed ten (10) years. The Deferral Election with respect to the form of payment shall govern the distribution of such Participant’s Account, except as provided in Section 4(e). If a Participant fails to specify a form of payment, his or her Account shall be distributed in a lump sum.  No such election is needed for RSUs because each deferral of RSUs will be distributed in a lump sum.

(d)    Suspension of Deferral Election. Notwithstanding the provisions of Section 4(c) of the Plan, the Compensation and Governance Committee, in its sole discretion upon written application by a Participant, may authorize the suspension of a Participant’s Deferral Election in the event of an Unforeseeable Emergency. Any suspension authorized by the Compensation and Governance Committee shall become effective as soon as practicable after the Compensation and Governance Committee’s receipt of a suspension application, but no later than the first payroll period beginning thirty (30) days after the receipt of such suspension application. Such suspension shall be effective for the remainder of the Plan Year and shall be deemed an annual election for each succeeding Plan Year unless a subsequent Deferral Election is filed with the Company pursuant to Section 4(c). 
(e)    Change in Form of Distribution and Specified Payment Date. If approved by the Compensation and Governance Committee, a Participant may amend a prior Deferral Election, or a Participant may defer unvested Annual Fees and/or RSUs for which there is no existing Deferral Election (collectively, “Unvested Payments”), in accordance with Code Section 409A and the regulations thereunder, on a form provided by the Compensation and Governance Committee in order to change the form of the distribution of his or her Accounts, the anticipated timing or form of Unvested Payments,  and/or any Specified Payment Date (in each case, a “Subsequent Change”). A Subsequent Change shall be given effect by the Compensation and Governance Committee only if the election to change the form of payment, the timing or form of Unvested Payments, or the Specified Payment Date (i) does not take effect until at least twelve (12) months after the date on which the election is made and (ii) is made at least twelve (12) months prior to the date a lump sum is scheduled to be paid or, in the case of installment payments, twelve (12) months prior to the date the first payment is scheduled to be paid.  Notwithstanding anything herein to the contrary, any payment with respect to which a Participant makes a Subsequent Change shall not be made before the fifth (5th) anniversary of the date on which the payment would have been made had the Participant not made the Subsequent Change.    
		
	5.
	Investment of Accounts 

(a)    Return on Cash Deferred Portion.  The Cash Deferred Portion of a Participant’s Account shall be attributed the applicable Annual Rate of Return.  Additions, if any, to a Participant’s Account will be credited to such Account in a reasonably practicable manner determined by the Compensation and Governance Committee on an annual basis.  Notwithstanding the preceding, the Compensation and Governance Committee, in its sole discretion, may determine the Annual Rate of Return for any year, and nothing in this Section 5(a) shall be construed as requiring any rate of return.
(b)    Dividends on Stock Deferred Portion.  Dividends paid with respect to Deferred RSUs credited to a Participant’s Account shall be reinvested in Company Stock.  Additions, if any, to a Participant’s Account will be credited to such Account in a reasonably practicable manner determined by the Compensation and Governance Committee on an annual basis.  Notwithstanding the preceding, nothing in this section 5(b) shall be construed as requiring any payment of dividends on Company Stock.
(c)    Participant Reports. At the end of each Plan Year (or on a more frequent basis as determined by the Compensation and Governance Committee), a report shall be issued to each Participant who has an Account, and such report will set forth the value of each such Account and, as applicable, the number of Deferred RSUs credited to each such Account. 
		
	6.
	Distribution of Accounts 

(a)    Distribution upon a Specified Payment Date.  Subject to Section 6(j), if a Participant’s Deferral Election provides for distributions based on the occurrence of a Specified Payment Date, upon such Specified Payment Date, the Account(s) attributable to such Deferral Election shall be distributed to the Participant in a lump sum or, with respect to the Cash Deferred Portion of such Account for which the Deferral Election provides for a fixed schedule, shall commence to be distributed to the Participant in annual installments not to exceed a ten (10) year period as specified on the Participant’s Deferral Election.  The Cash Deferred Portion of a Participant’s Accounts shall be valued on the date a distribution is processed.  All payments and deliveries due under this Section 6(a) shall be made or shall commence as soon as reasonably feasible following the Participant’s Specified 

Payment Date, but in no event later than sixty (60) days following the Specified Payment Date; provided that, if such sixty-day period ends in the taxable year following the year in which the Specified Payment Date occurs, the Participant shall not have the right to designate the year of payment.
(b)    Distribution upon Separation From Service. 
(i)    Generally.  Subject to 6(j), if a Participant’s Deferral Election provides for a distribution based on his or her Separation from Service, upon such Separation from Service, the Account(s) attributable to such Deferral Election shall be distributed to the Participant in a lump sum or, with respect to the Cash Deferred Portion of such Account for which the Deferral Election provides for a fixed schedule, in annual installments not to exceed a ten (10) year period as specified on the Participant’s Deferral Election. In the event that at the time any Account is subject to distribution under this Section 6(b)(i), the value of all of a Participant’s Accounts collectively is ten thousand dollars ($10,000) or less, all of the Participant’s Accounts shall be distributed in a lump sum notwithstanding the Participant’s election to have his or her Account distributed in installments under the Plan. The Cash Deferred Portion of a Participant’s Accounts shall be valued on the date a distribution is processed.  Subject to Section 6(b)(ii), all payments and deliveries due under this Section 6(b)(i) shall be made or shall commence as soon as reasonably feasible following the date of a Participant’s Separation from Service, but in no event later than sixty (60) days following the date of such date; provided that, if such sixty day period ends in the taxable year following the year in which the Separation from Service occurs, the Participant shall not have the right to designate the year of payment.  Subject to Section 6(b)(ii), in the case of annual installment payments, such installment payments subsequent to the first payment shall be made on the anniversary of the Participant’s Separation from Service and shall be made as soon as reasonably feasible following all such anniversaries (“Anniversary Dates”) for as many installment payments as specified in accordance with Section 6(a), but in no event later than sixty (60) days following the Anniversary Dates, provided that, if such sixty day period ends in the taxable year following the year in which the Anniversary Dates occur, the Participant shall not have the right to designate the year of payment.
(ii)    Distributions to Specified Employees. Notwithstanding the foregoing, distributions to a Specified Employee as a result of Separation from Service, whether the distribution is made in the form of a lump sum or installments, shall not be made or the payments may not begin before the six-month anniversary of the date of the Separation from Service, or, if earlier, the date of death of the Specified Employee. 
(c)    Distribution upon Death. Upon the death of a Participant prior to the payment of his or her Accounts, the balance of his or her Accounts shall be paid to the Participant’s Beneficiary in a lump sum or, with respect to the Cash Deferred Portion of such Account for which the Deferral Election provides for a fixed schedule, in annual installments not to exceed a ten (10) year period as specified on the Participant’s Deferral Election form, with such payment to be made or payments to commence in the case of installment distributions within sixty (60) days following the date of the Participant’s death; provided that, if such sixty-day period ends in the taxable year following the year in which the Participant’s death occurs, neither the Participant nor the Beneficiary shall have the right to designate the year of payment. The Cash Deferred Portion of the Participant’s Accounts shall be valued on the date a distribution is processed.  If a Participant who has elected to have his or her Accounts distributed in installments under the terms of the Plan dies subsequent to the commencement of such installment payments but prior to the completion of such payments, the remaining installments shall be distributed in lump sum to the Beneficiary at the same time as the Participant’s other Accounts as described above.  
(d)    Beneficiary Designation. A Participant may designate a Beneficiary or Beneficiaries, and a contingent Beneficiary or Beneficiaries, to receive the undistributed portion of his or her Account(s) if he or she dies before distribution is completed. In the event a Beneficiary designation is not on file or all designated Beneficiaries are deceased or cannot be located, payment will be made to the Participant’s estate. The Beneficiary designation may be changed by the Participant or former Participant at any time without the consent of the prior Beneficiary. 
(e)    Distribution upon Disability. Upon the Disability of a Participant prior to the payment of his or her Accounts, the balance of his or her Accounts shall be paid to the Participant in a lump sum or, with respect to the Cash Deferred Portion of such Account, in annual installments not to exceed a ten (10) year period as specified on the Participant’s Deferral Election form, with such payment to be made or payments to commence in the case of 

installment distributions within ninety (90) days following the date on which the Participant becomes Disabled; provided that, if such ninety-day period ends in the taxable year following the year in which the Participant becomes Disabled, the Participant shall not have the right to designate the year of payment. The Cash Deferred Portion of the Participant’s Accounts shall be valued on the date a distribution is processed.   
(f)    Distribution upon an Unforeseeable Emergency. A Participant may request a distribution of his or her Accounts due to an Unforeseeable Emergency by submitting a written request to the Compensation and Governance Committee accompanied by evidence to demonstrate that the circumstances being experienced qualify as an Unforeseeable Emergency. The Compensation and Governance Committee shall have the authority to require such evidence as it deems necessary to determine if a distribution is warranted. If an application for a distribution due to an Unforeseeable Emergency is approved, the distribution is limited to an amount sufficient to meet the need resulting from the Unforeseeable Emergency. The allowed distribution shall be payable in the form determined by the Compensation and Governance Committee as soon as possible after approval of such distribution. 
(g)    Distribution Pursuant to a Domestic Relations Order. The Compensation and Governance Committee is authorized to make any payments directed by a Domestic Relations Order in any action in which the Plan or the Compensation and Governance Committee has been named as a party. In addition, if a court determines that a spouse or former spouse of a Participant has an interest in the Participant’s benefits under the Plan in connection with a property settlement or otherwise, the Compensation and Governance Committee, in its sole discretion, shall have the right, notwithstanding any election made by a Participant, to immediately distribute the spouse’s or former spouse’s interest in the Participant’s benefits under the Plan to that spouse or former spouse. 
(h)    Distribution upon Change in Control. Upon a Change in Control of the Company, a Participant shall be paid the balance of his Accounts in a lump sum within sixty (60) days following the date on which the Change in Control occurs; provided that, if such sixty-day period ends in the taxable year following the year in which the Change in Control occurs, the Participant shall not have the right to designate the year of payment. 
(i)    Distribution in the Event of Taxation.  If, for any reason, it has been determined that the Plan fails to meet the requirements of Code Section 409A and the Treasury Regulations promulgated thereunder, and the failure is not or cannot be corrected under an Internal Revenue Service correction program for such failure, the Compensation and Governance Committee shall distribute to the Participant the portion of the Participant’s Account(s) that is required to be included in income as a result of the failure of the Plan to comply with the requirements of Code Section 409A and the Treasury Regulations promulgated thereunder. 
(j)    Distribution Events.  Notwithstanding any provision of this Plan to the contrary, the Cash Deferred Portion and Stock Deferred Portion of a Participant’s Account shall be distributed in accordance with his or her Deferral Election made with respect to such Account.  With respect to each Account, a Deferral Election shall provide for a distribution on or based on (A) the Participant’s Specified Payment Date, (B) the Participant’s Separation from Service or (C) the first to occur of the Participant’s Specified Payment Date or the Participant’s Separation from Service.  Notwithstanding the foregoing, all Accounts, or, if applicable, a portion thereof, shall be distributed on or based on the first to occur of: (T) the Participant’s death, (U) the Participant’s Disability, (V) an Unforeseeable Emergency, (W) the receipt of a Domestic Relations Order requiring distribution, (X) a Change in Control, (Y) income inclusion due to failure to comply with Code Section 409A or (Z) a Plan termination pursuant to Section 8(c).  
(k)    Form of Distributions.  Distributions made to a Participant with respect to the Cash Deferred Portion of his or her Account shall be paid in cash.  Distributions made to a Participant with respect to the Stock Deferred Portion of his or her Account shall be paid in shares of Common Stock; provided, however, that the value of any fractional shares otherwise deliverable to the Participant shall be paid in cash. In determining the value of shares of Common Stock, the Company shall value the Common Stock using the closing stock price on the date the distribution is processed. 
		
	7.
	Administration of Plan 

(a)    Powers of the Compensation and Governance Committee.  The Compensation and Governance Committee shall be responsible for the general administration of the Plan and for carrying out the provisions hereof.  The Compensation and Governance Committee shall have all powers that are necessary to carry out the provisions of the Plan, including, with limitation, the powers to:
(iii)    determine all questions relating to eligibility for participation in the Plan and the amount in the Account or Accounts of the Participants and all questions pertaining to claims for benefits and procedures for claim review;
(iv)    resolve all other questions arising under the Plan, including any questions of construction; and
(v)    take such further action that the Company deems advisable in the administration of the Plan.
The actions taken by the Compensation and Governance Committee hereunder shall be final and binding upon all interested parties.
(b)    Agents.  The Compensation and Governance Committee may, from time to time, employ other agents and delegate to them such administration duties as it deems necessary, and may, from time to time, consult with counsel. 
		
	8.
	Miscellaneous Provisions 

(a)    No Alienation. Subject to Section 6(g), neither the Participant, his Beneficiary, nor his legal representative shall have any rights to commute, sell, assign, transfer or otherwise convey the right to receive any payments hereunder, which payments and the rights thereto are expressly declared to be nonassignable and nontransferable. Any attempt to assign or transfer the right to payments of this Plan shall be void and have no effect. 
(b)    Unsecured General Creditor. The Plan shall at all times be considered entirely unfunded and no provision shall at any time be made with respect to segregating assets of any Participant for payment of any amounts hereunder. The Plan constitutes a mere promise of the Company to make payments to Participants in the future and, subject to Section 5(a), Participants have rights only as unsecured general creditors of the Company. 
(c)    Amendment and Termination. The Plan may be amended, modified, or terminated by the Compensation and Governance Committee in its sole discretion at any time and from time to time; provided, however, that no such amendment, modification, or termination shall impair any rights to benefits under the Plan prior to such amendment, modification, or termination; further, provided, that any termination of the Plan and any distributions made in connection with such termination shall, in each case, be made in accordance with the requirements of Code Section 409A and Treasury Regulation Section 1.409A-3(j)(4)(ix). 
(d)    No Effect on Other Benefits. It is expressly understood and agreed that the payments made in accordance with the Plan are in addition to any other benefits or compensation to which a Participant may be entitled or for which he or she may be eligible, whether funded or unfunded, by reason of his or her employment by the Company. 
(e)    No Tax Representations. The Company makes no representation with respect to the state, federal, financial, estate planning or the securities implications of the Plan. Participants should consult with their own tax, financial and legal advisors with respect to their participation in the Plan.  
(f)    Income Tax Withholdings. There shall be deducted from each payment under the Plan the amount of any tax required by any governmental authority to be withheld and paid over by the Company to such governmental authority for the Account of the person entitled to such distribution.  If a Participant’s benefit is to be received in the form of Common Stock, and such Participant fails to make arrangements for the payment of tax, the 

Company shall withhold such shares of Common Stock having a value equal to the minimum amount required to be withheld.  Notwithstanding the foregoing, when a Participant is required to pay the Company an amount required to be withheld under applicable income and employment tax laws, the Participant may elect to satisfy the obligation, in whole or in part, by electing to have withheld, from the shares required to be delivered to the Participant, shares of Common Stock having a value equal to the amount required to be withheld, or by delivering to the Company other shares of Common Stock held by such Participant.  The shares used for tax withholding will be valued at an amount equal to the market value per share of such Common Stock on the date the benefit is to be included in Participant’s income.  In no event shall the market value per share of the Common Stock to be withheld and delivered pursuant to this Section 8(f) to satisfy applicable withholding taxes in connection with the benefit exceed the statutory minimum amount of taxes required to be withheld. 
(g)    Governing Law; Jurisdiction. The validity, construction, and effect of the Plan and any rules and regulations relating to the Plan shall be determined in accordance with the laws of the State of Colorado, without giving effect to principles of conflicts of laws to the extent not pre-empted by federal law. The enforcement or interpretation of the Plan and any disputes under or arising out of the Plan shall be submitted to the exclusive jurisdiction and venue of the federal and state courts located in the County of Denver, Colorado. 
(h)    Code Section 409A.  All Accounts under the Plan that are intended to be “deferred compensation” subject to Section 409A shall be interpreted, administered and construed to comply with Section 409A, and all Accounts under the Plan that are intended to be exempt from Section 409A shall be interpreted, administered and construed to comply with and preserve such exemption. The Compensation and Governance Committee shall have full authority to give effect to the intent of the foregoing sentence. To the extent necessary to give effect to this intent, in the case of any conflict or potential inconsistency between the Plan and a provision of any Account or Deferral Election, the Plan shall govern. Notwithstanding the foregoing, neither the Company nor any member of the Board of Directors shall have any liability to any person in the event Code Section 409A applies to any Account in a manner that results in adverse tax consequences for the Participant or any of his or her Beneficiaries or transferees.
(i)    Construction. The captions and numbers preceding the sections of the Plan are included solely as a matter of convenience of reference and are not to be taken as limiting or extending the meaning of any of the terms and provisions of the Plan. Whenever appropriate, words used in the singular shall include the plural or the plural may be read as the singular. 
(j)    Severability. In the event that any provision of the Plan shall be declared illegal or invalid for any reason, said illegality or invalidity shall not affect the remaining provisions of the Plan but shall be fully severable, and the Plan shall be construed and enforced as if said illegal or invalid provision had never been inserted herein. 
IN WITNESS WHEREOF, to record the adoption of this Plan, effective as of December 18, 2012, the undersigned, being duly authorized to act on behalf of the Board of Directors has executed this document this __ day of ___________, 2012.

    
Name:
Title: 

Special Appendix to the
THOMPSON CREEK METALS COMPANY, INC. NON-EMPLOYEE NON-QUALIFIED DEFERRED COMPENSATION PLAN

Special Provisions Applicable to Non-Employee Directors Subject to Taxation under the Provisions of the Income Tax Act (Canada)
This special appendix sets forth special provisions of the Plan that apply to Canadian Directors. This special appendix shall become effective December 18, 2012 and shall apply to all Deferred RSUs granted or made to a Canadian Director on or after such date.  For avoidance of doubt, nothing in this special appendix shall be deemed to modify the Plan as it relates to Directors who are not Canadian Directors.
1.     Definitions
For purposes of this special appendix:
(a) “Affiliate” means an affiliate of the Corporation as the term “affiliate” is defined in paragraph 8 of Canada Revenue Agency Interpretation Bulletin IT-337R4, Retiring Allowances [Consolidated], dated February 1, 2006, as such publication may be amended from time to time. 
(b) “Canadian Director” means a Director who is a resident, at any material time, of Canada for the purposes of ITA.
(c) “ITA” means the Income Tax Act (Canada) and the regulations thereto, as may be amended from time to time. 
(d) “Termination Date” means, with respect to a Canadian Director, the earliest date on which both of the following conditions are met: (i) the Canadian Director has ceased to serve as Director and is not a director of an Affiliate; and (ii) the Canadian Director is not an employee of the Company or any Affiliate thereof. 
2.     Compliance with Regulation 6801(d)
Notwithstanding any provision of the Plan to the contrary, it is intended that, with respect to Canadian Directors, the provisions of the Plan, including this special appendix, comply with the requirements of paragraph (1) of the definition of “salary deferral arrangement” in subsection 248(l) of the ITA and Regulation 6801(d) to the ITA (and any successor provisions thereto), and all provisions of the Plan shall be construed and interpreted in a manner consistent with such requirements.
3.    Deferral Election
(a)    A Canadian Director may only elect to defer the receipt of shares of Common Stock payable to the Participant with respect to RSUs granted (subject to any limits and restrictions that may be established from time to time by the Compensation and Governance Committee), such amount to be credited to his or her Account under the Plan.  No portion of the Canadian Director’s Annual Fee may be deferred.

(b)    Notwithstanding any provisions of the Plan to the contrary, any Canadian Director who elects to defer any portion of his or her RSUs shall receive such credit in his or her Account immediately prior to the time that the RSUs would otherwise be granted.
4.    Distribution to Canadian Directors
The value of a Canadian Director’s Account shall be distributed following such Canadian Director’s Separation from Service or death in accordance with Sections 6(b) and 6(c) of the Plan and, in all circumstances, shall be paid out (less applicable withholdings) in shares of Common Stock no later than December 31st of the year commencing immediately after the Canadian Director’s Separation from Service or death.
5.    No Additional Benefit
For greater certainty, no amount will be paid to, or in respect of, a Canadian Director (or a person with whom the Canadian Director does not deal with at arm’s length, within the meaning of the ITA) under the Plan or pursuant to any other arrangement, and no additional RSUs will be granted to a Canadian Director to compensate, in whole or in part, for a downward fluctuation in the fair market value of the Common Stock, nor will any other form of benefit be conferred upon, or in respect of, a Canadian Director (or a person with whom the Canadian Director does not deal with at arm’s length, within the meaning of the ITA) for such purpose. 
6.     Amendment to Special Appendix
This special appendix may be altered, amended, suspended or terminated at any time by the Compensation and Governance Committee, provided that such amendments shall not adversely affect the previously accrued rights of any Canadian Director and further provided that any amendment or termination of the Plan shall be such that, with respect to each Canadian Director, the Plan continuously meets the requirements of Regulation 6801(d) to the ITA or any successor provision thereto.

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