Document:

Exhibit

Exhibit 10.1

	
			
	
	 
	Compass Minerals 
9900 W. 109th Street, Suite 100 Overland Park, KS 66210 www.compassminerals .com
913-344-9200

July 14, 2019

Mr. George Schuller
53/410 Stanley St
South Brisbane, Queensland 4101

Dear George,

I am pleased to confirm that Compass Minerals (CMP) wishes to invite you to join our leadership team, by making you this offer of employment. If you accept this offer, your title will be Senior Vice President, Chief Operations Officer. You will begin work as soon as reasonably possible on a date to be mutually agreed upon. The position will be located at our corporate office in Overland Park, Kansas.

Senior Vice President , Chief Operations Officer is a full-time exempt position. Your annual gross starting salary will be $625,000.00. In addition to your base salary, you will be eligible to participate in the performance- based CMP Management Annual Incentive Plan (MAIP) with a targeted bonus equal to 75% of your base salary ($468,750.00). You will also be eligible to participate in the CMP Long Term Incentive Plan (LTIP) starting in 2020. For your position, the target is 190% of your base salary ($1,187,500.00).

As an inducement to accept this offer of employment, you will receive a make-whole award to compensate you for outstanding awards you will be forfeiting upon termination of employment with your current employer. You will receive a one-time grant of restricted stock units (RSUs) valued at $ 1,913,000.00. These RSUs will be subject to a three year ratable vesting term, and will be subject to immediate vesting upon termination by CMP without "cause" , or by you for "good reason", death, or "disability" as further defined at the end of this offer letter.; Further, you will receive a one-time cash payment totaling the gross amount of $110,000.00, payable on the first pay period of January 2020. Finally, your first year bonus (for performance year 2019) will be guaranteed at no less than 124%, paid in cash within the annual MAIP cycle. Any payments upon separation of employment referenced in this offer letter will be conditioned upon the signing of a general release of claims prepared by CMP.

To facilitate your relocation to the Overland Park area, you are eligible for our Executive Relocation benefit for a U.S. domestic relocation, with up to six (6) months of temporary housing and three years tax preparation reimbursement up to $15,000 per year. Additionally, you will be eligible to receive up to $90,000.00 to support the international portion of your relocation which is conditional on your current company not providing full support for repatriation. Reasonable additional international expenses, if any, may be considered as well. Please note that this does not include any buy-out option of a current primary residence or home equity loss guarantee. A copy of the relocation plan will be provided to you.

Effective on your first day of employment, you will be eligible for five weeks (25 days) of paid vacation annually.

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You will also be offered and, if accepted, required to sign a Change in Control Agreement. As a condition of employment, you will also be required to sign a Restrictive Covenant Agreement. We have enclosed the standard Change in Control Agreement and Restrictive Covenant Agreement for your review. We will also provide to you upon acceptance, other standard employment documents applicable to other CMP employees.

This offer of employment is conditional upon the verification of a satisfactory background investigation and reference checks, verification of your authorization to work in the U.S., satisfactorily passing a drug screen, and the execution of the Restrictive Covenant Agreement.

The Immigration and Control Act of 1986 requires employers to verify that every new hire is either a U.S. citizen or eligible to be employed in this country. We are required to examine and will copy any one of the following: US passport, certification of U.S. citizenship or naturalization, a valid foreign passport authorizing U.S. employment, a resident alien card containing employment, a resident alien card containing employment authorization, or other document designated by the Immigration and NaturalizationService.

Alternatively, verification can be accomplished by providing two forms of documentation one which established identity and one, which establishes employment eligibility. Examples of documents, which show employment eligibility: Social Security card or birth certificate; and examples, which are proof of identity: driver's license or other state issued card, which contain photograph or other identifying information. The above documentation must be presented prior to commencing employment. Please bring the appropriate items on your start date.

Please sign the duplicate copy of this letter, acknowledging your acceptance and anticipated employment date and return to me by July 29, 2019.

I look forward to you joining Compass Minerals. Sincerely,

/s/ Kevin Crutchfield
Kevin Crutchfield
President and CEO

By signing this letter below, you understand and agree that your employment with the company is at-will. That is, your employment is not for any specified duration and you or the Company may terminate it, at any time, with or without cause and without notice.

	
				
	/s/ George Schuller, Jr
	July 15, 2019
	 
	 

	George Schuller, Jr
	Date
	 
	Employment date: August-, 2019

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_____________________________
i For purposes of this offer letter, "Cause" is defined as CMP's termination of your employment with the Company as a result of (i) your (a) indictment for, conviction of, or plea of guilty or nolo contendcre to, a federal securities laws violation or a felony involving moral turpitude; or (b) conviction of, or plea of guilty or nolo contendere to, a misdemeanor involving moral turpitude; or (ii) CMP's good faith belief of (a) your willful breach of the Restrictive Covenant Agreement; (b) your fraud, embezzlement, theft or dishonesty against CMP; or (c) your willful violation ofa policy or procedure of CMP resulting in material harm to CMP. The term "willful'' means  those acts taken or not taken in bad faith and without reasonable belief such action or inaction was in the best interests of CMP or its affiliates.

The term "Disability" means that you must, by reason of any medically detenninable 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 12 months, be receiving or be reasonably expected to receive income replacement benefits for a period of not less than three months under an accident and health plan covering your employment (or, if none, covering CMP's employees).

"Good Reason" means your voluntary termination of employment (e.g. resignation) with CMP or a subsidiary as a result of: (i) a material adverse change in your duties or responsibilities; provided, however, that Good Reason shall not be deemed to occur upon a change in your (a) reporting structure, (b) title, (e) duties or responsibilities that is a result of the Company no longer being a publicly-traded entity, or (d) duties or responsibilities that are part of an across-the-board change in duties or responsibilities of your level; (ii) a reduction of more than 10% of your target total direct compensation (which includes base salary, annual incentives and long term incentives); provided however that Good Reason shall not include such a reduction that is part of an across the-board reduction applicable to employees at your level; or (iii) CMP's permanent relocation of your employment by more than 50 miles from your primary office location and by more than 50 mites of your principal residence. No voluntary tennination by you shall constitute a termination for "Good Reason" unless you provide written notice of your proposed tennination due to Good Reason with particulars to the CEO not later than 90 days following the initial occurrence of that condition and the Company has an opportunity for 30 days after receipt to remedy the condition and fails to reasonably cure such condition and you resign within 150 days after the initial occurrence potentially giving rise to Good Reason.

[The remainder of this page is intentionally blank]Exhibit

Exhibit 10.2

CONFIDENTIAL SEVERANCE AGREEMENT 
AND RELEASE OF CLAIMS

Compass Minerals International, Inc. (“Company”) and Anthony J. Sepich (“Employee”), his heirs, executors, administrators, successors, and assigns (collectively referred to throughout this Confidential Severance Agreement and General Release of Claims as “Employee”), agree as follows:

		
	1.
	Consideration.  Pursuant to the guidelines set forth in the Compass Minerals International, Inc. Executive Severance Plan section 8 a) - 8 b), in consideration of Employee’s agreement to this Confidential Severance Agreement and General Release of Claims (hereinafter “Agreement”), Company agrees to:

		
	a.
	Pay Employee a total sum of $1,648,707.33 pursuant to the guidelines set forth in the Compass Minerals International, Inc. Executive Severance Plan Company section 4, representing 

		
	i.
	$866,000.00 in cash compensation (equal to one-time annual salary of $490,000.00, plus one times annual cash bonus at target (70%) equal to $343,000.00, plus an amount equal to 18 months of health and welfare benefits at $33,000.00) less applicable withholdings and deductions to be paid in a lump sum payment minus applicable withholding taxes no later than September 15, 2019 and 

		
	ii.
	$782,707.33 cash payment equal to the value of shares of the Company’s stock underlying the RSUs which would have vested pursuant to Section 4(c )(i)(A), calculated based on the closing market price on July 17, 2019, granted in exchange for cancelling all Equity Awards that are RSUs, less applicable withholdings and deductions to be paid in a lump sum payment minus applicable withholding taxes no later than September 15, 2019.  

		
	b.
	Provide Employee with outplacement assistance through Lee Hecht Harrison at the executive level; provided activation occurs by September 1, 2019.

Employee acknowledges and agrees that Employee is not owed or entitled to any compensation, benefits, or consideration of any kind or nature whatsoever from the Company or any of the other Releasees, as defined below, except as expressly provided in this Agreement.  

2.    General Release of All Claims.  Employee hereby irrevocably and unconditionally releases, forever discharges, and covenants not to sue the Company, its affiliated corporations and entities, or their respective former and current owners, stockholders, members, managers, predecessors, successors, assigns, agents, directors, officers, employees, representatives, attorneys, parent companies, divisions, subsidiaries, plans, benefits administrators, investors, funds, and affiliates (collectively, with Company, the “Releasees”), for and from any and all federal, state, or local laws, regulations, ordinances, claims, causes of action, liabilities, and judgments of every type and description whatsoever, known or unknown, including, but not limited to, any obligation or claim arising under public policy, contract (express or implied, written or oral), tort, or common law, including but not limited to, wrongful discharge, defamation, emotional distress, 

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misrepresentation, and/or obligations arising out of the Company’s employment policies or practices, employee handbooks, and/or statements by any employee or agent of Company  (whether oral or written), and/or claims arising under:
		
	▪
	Title VII of the Civil Rights Act of 1964;

 
		
	▪
	Sections 1981 through 1988 of Title 42 of the United States Code;

 
		
	▪
	The Employee Retirement Income Security Act of 1974 ("ERISA") (as modified below);

 
		
	▪
	The Immigration Reform and Control Act;

 
		
	▪
	The Americans with Disabilities Act of 1990;

 
		
	▪
	The Age Discrimination in Employment Act of 1967 (“ADEA”);

 
		
	▪
	The Worker Adjustment and Retraining Notification Act;

 
		
	▪
	The Fair Credit Reporting Act;

 
		
	▪
	The Family and Medical Leave Act;

 
		
	▪
	The Equal Pay Act;

 
		
	▪
	The Genetic Information Nondiscrimination Act of 2008;

 
		
	▪
	The Kansas Equal Pay Act; Kan. Stat. Ann. §44-1205;

 
		
	▪
	The Kansas Act Against Discrimination; Kan. Stat. Ann. §44-1001, et seq.;

 
		
	▪
	The Kansas Age Discrimination in Employment Act; Kan. Stat. Ann. §44-1111, et seq.;

 
		
	▪
	The Kansas Infectious Disease Act (AIDS Law); Kan. Stat. Ann. §65-6001, et seq.;

 
		
	▪
	The Kansas Wage Payment Act; Kan. Stat. Ann. §44-313, et seq.;

  
		
	▪
	Kansas Minimum Wage and Overtime Law; Kan. Stat. Ann. §44-1201, et seq.;

 
		
	▪
	The Kansas Workers’ Compensation Law; Kan. Stat. Ann. §44-501, et seq.;

 

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	▪
	The Kansas Service Letter Law; Kan. Stat. Ann. §44-808(3);

 
		
	▪
	The Kansas Right-to-Work Amendment; Kan. Const. Art. 15 § 12; or

 
		
	▪
	Any other federal, state, municipal, local law, rule, regulation, or ordinance; 

 
		
	▪
	Any public policy, contract, tort, or common law; or

 
		
	▪
	Any other basis for recovering costs, fees, or other expenses including attorneys' fees incurred in these matters.

3.    Claims Not Released.  Employee is not waiving any rights he may have to: (a) his own vested accrued employee benefits under the Company’s health, welfare, or retirement benefit plans as of the Separation Date; (b) benefits and/or the right to seek benefits under applicable workers’ compensation and/or unemployment compensation statutes; (c) pursue claims which by law cannot be waived by signing this Agreement; and/or (d) enforce this Agreement.
4.    Governmental Agencies.  Nothing in this Agreement prohibits or prevents Employee from filing a charge with or participating, testifying, or assisting in any investigation, hearing, whistleblower proceeding or other proceeding before any federal, state, or local government agency (e.g. EEOC, NLRB, SEC., etc.), nor does anything in this Agreement preclude, prohibit, or otherwise limit, in any way, Employee’s rights and abilities to contact, communicate with, report matters to, or otherwise participate in any whistleblower program administered by any such agencies.  However, to the maximum extent permitted by law, Employee agrees that if such an administrative claim is made, he shall not be entitled to recover any individual monetary relief or other individual remedies.
5.      Acknowledgments and Affirmations.  
		
	(a) 
	Employee represents and warrants that Employee has not filed or otherwise initiated any legal action or administrative proceeding of any kind against any of the Releasees and has no knowledge that any such legal action or administrative proceeding (i) has been filed or otherwise initiated or (ii) is contemplated or threatened by any other person or entity on Employee’s behalf.  Employee also hereby irrevocably and unconditionally waives and relinquishes any right to seek or recover any monetary relief or other individual remedies for or on account of any of the Released Claims whether for Employee or as a representative or on behalf of others.  

		
	(b) 
	Employee represents and warrants that Employee has not assigned, transferred or sold any of the Released Claims.  Employee shall indemnify and hold harmless the Releasees from and against any liability or loss, and for any cost, expense (including attorneys’ fees), judgment, or settlement, based on or arising out of any breach of this Agreement by Employee, to the extent permitted by law.

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	(c) 
	Employee represents and warrants that Employee has been paid and/or has received all compensation, wages, including overtime, bonuses, commissions, vacation time, and other benefits to which Employee may be entitled from any of the Releasees except as provided in this Agreement.

		
	(d) 
	Employee represents and warrants that Employee has been granted all leave (paid or unpaid) to which Employee was entitled under the state and/or federal FMLA and that Employee has not been discriminated or retaliated against due to Employee’s exercise of rights, if any, under the state and/or federal FMLA.  Employee further affirms that Employee has no known workplace injuries or occupational diseases.

		
	(e) 
	Employee represents and warrants that Employee has not divulged any proprietary or confidential information of the Company or any of the other Releasees. Employee represents he has returned all Company property in Employee’s possession, custody, or control whether in electronic or physical form.

		
	(f) 
	Employee represents and warrants that Employee is not aware of any act, failure to act, practice, policy, or activity of the Company or any of the other Releasees that Employee considers to be or to have been unlawful or potentially unlawful.

		
	(g) 
	Employee understands that no rights or claims are released or waived that might arise after Employee signs this Agreement.

		
	(h) 
	Employee will not disparage in any way, or make negative comments of any sort, about the Company or its Affiliates, their employees, customers, or vendors, whether orally or in writing, and whether to a third party or to an employee of the Company or its Affiliates.  The Company and its subsidiaries will not disparage you in any way, or make negative comments of any sort, about you.  This prohibition does not limit Employee’s right to file a charge with, or participate in, an investigation conducted by any appropriate federal, state or local government agency (such as the EEOC, NLRB, SEC, DOL or OSHA), nor does it require Employee to provide anything other than truthful information in good faith to the best of his ability.

6.     Confidentiality.  Employee agrees not to disclose any information regarding the existence or substance of this Confidential Severance Agreement and General Release of Claims, except to his spouse, tax advisor, and/or an attorney with whom Employee chooses to consult regarding his consideration of this Agreement, provided that any such person also shall first agree to keep the existence and substance of this Agreement confidential.  

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7.    Governing Law and Interpretation.  This Severance Agreement and General Release shall be governed and conformed in accordance with the laws of the state of Kansas without regard to its conflict of laws provision.  In the event of a breach of any provision of this Agreement, either party may institute an action specifically to enforce any term or terms of the Agreement and/or to seek any damages for breach.  Should any provision of this Severance Agreement and General Release be declared illegal or unenforceable by any court of competent jurisdiction and cannot be modified to be enforceable, excluding the general release language, such provision shall immediately become null and void, leaving the remainder of this Agreement in full force and effect.

8.    Severability.  In the event that any provision of this Agreement is held to be unenforceable, each and all of the other provisions of this Agreement shall remain in full force and effect.

9.    Attorney Consultation.  Employee acknowledges that he has been informed by representatives of Company that Employee may wish to consult with an attorney before signing this Agreement and have an attorney review this Agreement.

10.    Amendment.  This Agreement may not be modified except in writing and signed by both parties.

11.    Entire Agreement.  This Agreement sets forth the entire agreement between the parties and fully supersedes any and all prior agreements or understandings between these parties pertaining to this subject matter, except for any Non-Disclosure and Non-Solicitation Agreement executed by Employee, which is incorporated into this Agreement by reference. 

EMPLOYEE IS ADVISED THAT EMPLOYEE HAS UP TO TWENTY-ONE (21) CALENDAR DAYS TO CONSIDER THIS AGREEMENT.  EMPLOYEE ALSO IS ADVISED TO CONSULT WITH AN ATTORNEY PRIOR TO SIGNING THIS AGREEMENT.

EMPLOYEE MAY REVOKE THIS AGREEMENT FOR A PERIOD OF SEVEN (7) CALENDAR DAYS FOLLOWING THE DAY EMPLOYEE SIGNS IT.  ANY REVOCATION WITHIN THIS PERIOD MUST BE SUBMITTED, IN WRITING, AND STATE, “I HEREBY REVOKE MY ACCEPTANCE OF OUR AGREEMENT.”  THE REVOCATION MUST BE PERSONALLY DELIVERED OR MAILED TO ANGELA JONES, 9900 W. 109TH STREET, SUITE 100, OVERLAND PARK, KS 66210 AND POSTMARKED WITHIN SEVEN (7) CALENDAR DAYS AFTER EMPLOYEE SIGNS THIS AGREEMENT. 

EMPLOYEE AGREES THAT ANY MODIFICATIONS, MATERIAL OR OTHERWISE, MADE TO THIS AGREEMENT, DO NOT RESTART OR AFFECT IN ANY MANNER THE ORIGINAL UP TO TWENTY-ONE (21) CALENDAR DAY CONSIDERATION PERIOD.
 

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EMPLOYEE FREELY AND KNOWINGLY, AND AFTER DUE CONSIDERATION, ENTERS INTO THIS AGREEMENT INTENDING TO WAIVE, SETTLE AND RELEASE ALL CLAIMS EMPLOYEE HAS OR MIGHT HAVE AGAINST RELEASEES. THIS AGREEMENT SHALL BECOME EFFECTIVE FOLLOWING THE REVOCATION PERIOD SET FORTH IN THIS PARAGRAPH.

The parties knowingly and voluntarily signed this Confidential Severance Agreement and Release of Claims as of the date(s) set forth below:

	
					
	ANTHONY J SEPICH:
	 
	COMPASS MINERALS INTERNATIONAL, INC.:

	 
	 
	 
	 
	 

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