Document:

EX-10.28

 Exhibit 10.28 

SunCoke Energy, Inc. Annual Incentive Plan 
 This SunCoke Energy, Inc. Annual Incentive Plan (the “AIP”) is hereby established by SunCoke Energy, Inc. (“SunCoke”) and, together with the SunCoke Energy, Inc. Senior
Executive Incentive Plan (the “SEIP”), governs the annual incentive bonuses paid to Eligible Employees for services on and after January 1, 2013. 
 Eligibility 
 The AIP applies to “Eligible Employees” of SunCoke Technology
and Development LLC, SunCoke Energy Jewell Coal & Coke Company, Jewell Smokeless Coal Corporation, Dominion Coal Corporation, Indiana Harbor Coke Company, Haverhill North Coke Company, Gateway Energy & Coke Company, Middletown Coke
Company and any other affiliates approved by the Compensation Committee of the SunCoke Board of Directors (the “Compensation Committee”). “Eligible Employees” means non-union, active employees of SunCoke or its
participating affiliates who are engaged in permanent, full-time salaried or hourly employment and who are either (i) at a director/general manager level or above or (ii) below the level of director/general manager and whose annual
participation in the AIP is approved by the Chief Executive Officer of SunCoke (the “CEO”) in his sole discretion. A full-time employee is an employee who is regularly scheduled to work thirty or more hours per week. 

Administration of the AIP 
 The
AIP shall be administered by (i) the Compensation Committee in the case of the Eligible Employees who are at a director/general manager level or above, and (ii) the CEO in the case of all other Eligible Employees (in each case, the
“Administrator”). Each Administrator shall have such duties and powers as may be necessary to discharge its duties under the AIP with respect to the applicable Eligible Employees, including, but not by way of limitation, the
following: 
 (a) To construe and interpret the AIP in its absolute discretion and to determine all questions arising in the
administration, interpretation and application of the AIP (including, without limitation, the discretionary authority set forth herein). Any such actions, determinations or decisions of the Administrator shall be conclusive and binding on applicable
Eligible Employees and SunCoke. 
 (b) To prepare and distribute, in such manner as the Administrator determines to be
appropriate and in accordance with applicable laws, information explaining the AIP. 
 (c) To receive from SunCoke, participating
affiliates and Eligible Employees such information as may be necessary for the proper administration of the AIP. 
 (d) To
appoint or employ individuals to assist in the administration of the AIP and any other agents it deems advisable, including legal counsel. 

 None of SunCoke, the members of the Compensation Committee, nor the CEO shall be liable for any action taken
or not taken or decision made or not made in good faith relating to the AIP or any award thereunder. 
 Base Amount 

A base amount (“Base Amount”) shall be established for each Eligible Employee with respect to the fiscal year of SunCoke for which the
applicable Annual Bonus is paid (the “Applicable Year”). The Base Amount shall be the product of the Eligible Employee’s (i) annual base salary as of December 31 of the Applicable Year, exclusive of benefits, bonuses,
equity grants and premium pay, multiplied by (ii) his or her applicable annual guideline percentage as determined by the Administrator for such Applicable Year, taking into account any change in annual guideline percentage that occurs during
the Applicable Year, in which case the guideline percentage will be prorated based on the portion of the year that each guideline percentage applied. 
 Calculation of Annual Bonus 
 For each Applicable Year, the Administrator shall
designate in writing (i) other participating affiliates, if any, (ii) the performance goal(s) to be attained for such Applicable Year, (iii) the weighting of each performance goal as a percentage of the Base Amount, (iv) the
payout factors for each performance goal, (v) the maximum payout factor for the Individual Performance Factor, and (vi) the maximum Annual Bonus (as a percentage of the Base Amount) that can be paid to an Eligible Employee for the
Applicable Year. 
 At the end of each Applicable Year, each Eligible Employee’s Base Amount will be increased or decreased depending upon
the Company Performance Factor and the Individual Performance Factor for the Eligible Employee. Subject to the discretion of the Administrator, set forth under the heading “Administrator Discretion” below, the Annual Bonus is to be
determined as follows: 
 Company Performance Factor. The “Company Performance Factor” is a weighted average percentage
between 0% and a maximum percentage, determined by the Administrator after the end of each Applicable Year based on the level of attainment of each performance goal, the weighting of each such goal and the payout factor for each such goal.

 Individual Performance Factor. The “Individual Performance Factor” is a percentage between 0% and a maximum
percentage established by the Administrator that is based on the performance of each Eligible Employee during the Applicable Year. The Individual Performance Factor shall be determined by the Administrator after the end of each Applicable Year, and
shall take into consideration the overall performance of the Eligible Employee and his or her contribution to the organization during the Applicable Year. 
 The Individual Performance Factor is subject to further limitation by the aggregate pool of funds available for distribution to all Eligible Employees under the AIP (the “Pool”). The Pool
is equal to the product of (i) the sum of the Base Amount of all Eligible Employees multiplied (ii) by the Company Performance Factor. 

  
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 Total Annual Bonus. The Annual Bonus for each Eligible Employee under the AIP for the Applicable Year
is determined by multiplying (i) the product of the Company Performance Factor and the Individual Performance Factor by (ii) the Eligible Employee’s Base Amount. In no event shall the total Annual Bonus paid to any Eligible Employee
exceed the maximum amount set by the Administrator for each Applicable Year. 
 Except as set forth below under the heading
“Proration,” or as otherwise determined by the Administrator, no Annual Bonus shall be paid to any Eligible Employee whose employment with the Company or an affiliate terminates for any reason prior to December 31 of the Applicable
Year. 
 Administrator Discretion 
 Notwithstanding anything in the AIP to the contrary, the applicable Administrator may withhold payment of the Annual Bonus or, alternatively, reduce the amount of the Annual Bonus otherwise payable to any
Eligible Employee or any group of Eligible Employees who work for business or operating units of SunCoke or any of its affiliates (collectively, an “Eligible Employee Group”) if the Administrator in its reasonable discretion
determines that such Eligible Employee or Eligible Employee Group has either (i) failed to act in accordance with acceptable performance standards during such Applicable Year, or (ii) acted in a manner detrimental to the interests or
reputation of SunCoke or any of its affiliates. Furthermore, the Administrator may, in its reasonable discretion, redistribute the amount of any such withholding or reduction in whole or in part to an Eligible Employee or Eligible Employee Group
whom the Administrator reasonably determines has performed in a manner that exceeds expectations during such Applicable Year, subject to the maximum Annual Bonus limitation set by the Administrator. 

The Administrator may also increase the Amount of the Annual Bonus otherwise payable to any Eligible Employee or Eligible Employee Group, subject to the
maximum Annual Bonus limitation set by the Administrator; provided, however, that the Administrator cannot increase the Pool as determined in accordance with “Calculation of Annual Bonus.” 

Proration 

Any Eligible Employee hired as of January 1st through March 31st shall receive his or her Annual Bonus, without proration, for the Applicable Year in which the date of hire occurs.
Any Eligible Employee hired as of April 1st through
September 30th shall be eligible for a prorated
portion of his or her Annual Bonus for the Applicable Year in which the date of hire occurs. Eligible Employees hired as of October 1st through December 31st shall not be eligible to receive an Annual Bonus for the Applicable Year in which the date of hire occurs. 

The Annual Bonus will be prorated, as applicable, in the event of an Eligible Employee’s termination of employment prior to December 31 of an
Applicable Year due to death, permanent disability (as determined under the Company’s long term disability program) or Retirement. For the purposes of the AIP: 
 (i) “Retirement” shall mean an Eligible Employee’s termination of employment, other than for Just Cause, where the Eligible Employee has either (a) attained age 55 and has
provided services to SunCoke or an affiliate for ten years or more or (b) attained age 60 and has provided services to SunCoke or an affiliate for five years or more. 

  
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 (ii) “Just Cause” shall mean 2(a) the willful and continued failure of the Eligible
Employee to substantially perform the Eligible Employee’s duties with the Company or an affiliate (other than any such failure resulting from incapacity due to physical or mental illness) after a written demand for substantial performance is
delivered to the Eligible Employee by the applicable Administrator (or the Board of Directors in the case of an Eligible Employee covered by the SEIP) that specifically identifies the manner in which it is believed that the Eligible Employee has not
substantially performed his or her duties; (b) the Eligible Employee’s conviction of a felony; (c) willful misconduct by the Eligible Employee in connection with his or her employment duties or responsibilities to the Company or any
affiliate (including, but not limited to, dishonest or fraudulent acts) that places the Company or any affiliate at risk of material injury; or (d) the Eligible Employee’s failure to comply with a policy of the Company or any affiliate
that places the Company or any affiliate at risk of material injury. 
 Payment of Annual Bonus 

The Annual Bonus will be paid on or before March 15th following the end of each Applicable Year. 
 AIP Termination and Modification 
 The AIP may be terminated, amended or modified in
any respect at any time, and from time to time, with respect to the applicable Eligible Employees, at the Administrator’s sole discretion. 

  
 4EX-10.14.(c)

 EXHIBIT 10.14 (c) 
 SECOND AMENDMENT TO THE 
 ANIXTER INC. EXCESS BENEFIT PLAN 

AS AMENDED AND RESTATED EFFECTIVE JANUARY 1, 2011 
 WHEREAS, Anixter Inc. (the “Company”) maintains the Anixter Inc. Excess Benefit Plan as amended and restated effective January 1, 2011 (the “Plan”) for the benefit of
designated participants in the Plan; 
 WHEREAS, pursuant to Section 9 of the Plan, the Company has reserved the
right to amend the Plan and has delegated that authority, in certain respects, to the Anixter Inc. Employee Benefits Administrative Committee (the “Committee”); and 
 WHEREAS, the Committee wishes to amend the Plan to (i) clarify the normal form of benefit and the death benefits available under the Plan and (ii) clarify who is deemed to be a
“specified employee” required to have his benefit commencement delayed in certain circumstances pursuant to Internal Revenue Code Section 409A. 
 NOW THEREFORE, BE IT RESOLVED, that the Plan is hereby amended, effective as of December 1, 2012, as follows. 
  

	 	1.	Section 1(b) of the Plan is amended to read as follows: 

  

	 	“(b)	‘Beneficiary’: 

  

	 	(i)	shall, with respect to (A) a Section 7.01(c) Participant or (B) a former Section 7.01(a) Participant who (I) terminated employment with the
Company on or before December 31, 2004, (II) was fully vested in the Excess Plan and (III) received no further accruals after that date, have the meaning ascribed in section 1.03 of the Pension Plan; and 

 

	 	(ii)	shall, with respect to all other Section 7.01(a) Participants not described in Section 1(b)(i) above, mean only (A) a surviving spouse, or (B) a
same-sex domestic partner who (I) has entered into a valid domestic partnership with the Participant pursuant to state or local law or (II) is identified by the Participant as his domestic partner on an affidavit provided to the Company in
accordance with procedures and requirements established by the Committee. 

  

	 	2.	Section 1(k) of the Plan is amended to read as follows: 

  

	 	“(k)	‘Joint and Survivor Annuity’ shall mean a monthly annuity that is paid to the retired Participant with a monthly survivor annuity paid during the life of the
Beneficiary after the Participant’s death in the amount of fifty percent (50%) of the monthly benefit payable to the Participant. The Joint and Survivor Annuity shall be Actuarially Equivalent to the Life Annuity.”

	 	3.	Section 4 of the Plan is amended and restated in its entirety to read as follows: 

“4. Benefit Payments with respect to Section 7.01(a) Participants: Any former Section 7.01(a)
Participant who terminated employment with the Company on or before December 31, 2004, was fully vested in the Excess Plan and received no further accruals after that date shall have his benefits payable at the same time and in the same manner
and form as the benefits under the Pension Plan. Benefit payments to all other Section 7.01(a) Participants shall be made as follows. 
  

	 	(a)	Normal Benefit Commencement Date. Unless a Participant has made a timely election under subsection (b) below, the payment of benefits under the Excess Plan
will commence on the first day of the month coincident with or next following (i) the date the Participant incurs a Separation from Service due to Retirement or Disability, or (ii) in the case of a Participant who incurs a Separation from
Service for any reason other than death prior to obtaining age fifty-five (55), the date that such Participant attains age sixty-five (65). 

  

	 	(b)	Optional Benefit Commencement Date. A Participant may elect to delay the normal benefit commencement date specified in subsection (a)(i) above in accordance with
this subsection (b). If eligible to make an election under this subsection (b), a Participant may elect to delay commencement of benefits to any permissible date up to his Normal Retirement Date, and such Participant’s monthly benefit amount as
of such commencement date shall be adjusted so as to be Actuarially Equivalent to a Life Annuity (or Joint and Survivor Annuity, as applicable) commencing on his Normal Retirement Date. To be effective, any such election of an optional benefit
commencement date must meet all of the following requirements: (i) the election must be made not less than twelve (12) months prior to the date benefits would have otherwise commenced; (ii) unless a payment relates to Disability or
death, the election must be made before the Participant attains age sixty (60), and commencement of benefit payments must be deferred for a period of no less than five (5) years from the date the benefit payments would otherwise have commenced;
and (iii) the election shall not take effect until at least twelve (12) months after the date on which such election is made. 

  

	 	(c)	Form of Payment. The normal form of payment of benefits under the Excess Plan for a Participant without a Beneficiary shall be a Life Annuity. The normal form of
payment of benefits under the Excess Plan for a Participant with a Beneficiary shall be a a Joint and Survivor Annuity for the combined lives of the Participant and his Beneficiary. 

  
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	 	(d)	Death Benefit Prior to Benefit Commencement Date. 

  

	 	(i)	If a Participant with a Beneficiary incurs a Separation from Service due to his death, his Beneficiary will receive the same benefit that would have been payable if the
Participant had incurred a Separation from Service from the Company on the day prior to his death and died the following day. Payment of this benefit will begin on the first day of the month next following the Participant’s death.

  

	 	(ii)	If a Participant with a Beneficiary dies following his Separation from Service but before he begins receiving payment of his benefit, his Beneficiary will receive the
survivor portion of the Joint and Survivor Annuity beginning on the first day of the month next following the Participant’s death. 

  

	 	(iii)	No benefit will be payable pursuant to this Section 4(d) following the death of a Participant who does not have a Beneficary. 

 

	 	(e)	Cash Out of Small Amounts. Notwithstanding the foregoing, if the present value of a Participant’s benefit as of his benefit commencement date is calculated
to be less than the applicable dollar amount for elective deferrals under Code Section 402(g)(l)(B) then in effect (as adjusted for cost-of-living increases under Code Section 402(g)(4)), the Company shall distribute the Participant’s
benefit in a lump sum to the Participant (or the Participant’s Beneficiary, as applicable, in the event of the Participant’s death prior to the benefit commencement date) within 30 days of the benefit commencement date or the
Participant’s death, as applicable. 

  

	 	(f)	Delay in Commencement for Specified Employees. Notwithstanding anything in this Section 4 to the contrary, if a Participant was one of the 50 highest paid
employees of the Company on the basis of compensation recorded in Box 5 of the individual’s Form W-2 for the Plan Year ending prior to the date he incurs a Separation from Service for any reason other than death or Disability, and payment of
his benefit would be made or commence within six (6) months of such date, payment of his benefit shall be delayed until the first day of the month that is six (6) months after such date. In such event, the benefit shall be determined as if
payments had commenced as originally provided herein, and the first payment to the Participant shall include an amount equal to the sum of periodic payments which would have been paid to such Participant but for the delay required by section
409A(a)(2)(B)(9) of the Code. Notwithstanding the foregoing, if a Participant dies during the six (6)-month delay period described in this Section 4(f), his benefit shall be payable immediately to his Beneficiary (if applicable) as described in
Section 4(d).” 

  
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	 	4.	Section 5 of the Plan is amended to read as follows: 

  

	 	“5.	        Benefit Payments with respect to Section 7.01(c) Participants: Benefit payments to all Section 7.01(c)
Participants shall be made in a single sum on the first day of the month coincident with or next following six (6) months after the Participant’s Separation from Service for any reason other than death or Disability. Notwithstanding the
foregoing, if the Section 7.01(c) Participant dies prior to payment being made to him (whether before or after Separation from Service), his benefit shall be paid in a single sum within 30 days of his death to his Beneficiary, or, if no
Beneficiary survives him, to the Participant’s estate. Notwithstanding the foregoing, a Section 7.01(c) Participant will not receive any benefit under this Excess Plan unless he or she, as of the date of his or her Separation from Service
is Vested in the pension benefit provided by the benefit formula set forth in section 7.01(c) of the Pension Plan.” 

 IN WITNESS WHEREOF, the Committee has caused this First Amendment to be duly executed this 1st of December 2012. 

 

			
	ANIXTER INC. EMPLOYEE BENEFITS ADMINISTRATIVE COMMITTEE
		
	By:	 	/s/ Theodore A. Dosch
		
	Its:	 	Chair

  
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