Document:

Letter Agreement with Kevin C. Yost

 Exhibit 10.1 
 02/05/2010 
 Kevin Yost 
 Dear Kevin, 
 I am delighted to offer you the position of General Manager, Morningstar Foods. The
terms of your offer are as follows: 
 Position: General Manager, Morningstar Foods reporting to Chris Sliva, Chief
Operating Officer for Morningstar Foods. 
 Salary: You will be paid a salary of $13,076.92 bi-weekly which
annualizes to $340,000.00. 
 Bonus: A target amount equal to 50% of your base annual salary subject to the
achievement of certain performance targets for you, your department and the company as a whole. A portion of your overall bonus will be based on the company achieving certain financial objectives while the remainder of the total bonus will be based
on achievement of personal and departmental objectives. You will be eligible in 2010, with payout in early 2011, provided you are still on payroll at the time of payout. Bonus payments will be made pro-rata based on your employment date. 

Sign-on Bonus: You will receive a one time sign-on bonus of $200,000.00 (less applicable taxes) to be paid within the first
30 days of your start date. This bonus will be repaid by you should you leave the Company within 1 year from your start date. 

Relocation: You will be eligible for relocation benefits that are designed to relocate you and your family from your current
location to the Dallas, Texas area. Further details of this program are attached to this offer letter. 
 Long Term
Incentive: You will be eligible to participate in the Long-Term Incentive Plan of Dean Foods. This program consists of stock options, restricted stock, and cash grants under this program are typically made in January of each year. While you
are eligible to participate, any grants made under this plan must be approved by the Board of Directors, who has the ability to alter, change or suspend the plan at any time, decide the amount of grant or grants that might be offered to you, and set
conditions for the grants. 
 Benefits: As a full-time employee, you will be able to participate in
company-sponsored benefit programs once you meet the specific eligibility requirements. Based on your start date, you will be eligible for benefits on the first of the month following 60 days of employment. Our company-sponsored benefit program
includes medical, dental, and vision coverage, life and supplemental life insurance, health and dependent care spending accounts, short-term and long-term disability, 401(k), paid time off at 4 weeks per year, as well as company paid holidays.

 COBRA Reimbursement: Based on your start date, you will be eligible for
benefits on the first of the month following 60 days of employment. We will pay the company portion of the COBRA premium for the period necessary to assure continuing healthcare coverage for you and your family. 

Change-In-Control Provisions: You will be provided a Change in Control agreement comparable to that currently provided to
other Dean Foods Corporate Senior Vice Presidents. In general, this agreement provides benefits to two times your annual salary and target bonus, plus vesting of all equity awards and continued health coverage for a two-year period in certain
circumstances following a Change in Control. The details of these provisions are set forth more fully in the Change of Control Agreement. 
 Severance: Dean Foods maintains an Executive Severance Plan, and we will provide you a copy of this plan. For purposes of this plan, you are considered a Corporate Senior vice President.

 This offer is contingent upon your successful completion of a background investigation, reference checks and drug testing according to the
company’s drug testing policy and procedure. In addition, you must inform us of any confidentiality agreements, non-disclosure agreements and/or non-competition agreements to which you are a party; failure to do so will result in immediate
revocation of this offer or termination of employment. Your offer will also be contingent upon our assessment of your ability to work with the WhiteWave team without breaching any such agreements. 

Please note that this letter is intended only to set forth the terms of our offer and is not intended to be and shall not be construed as an employment
agreement. You will be employed on an at-will basis, meaning that either you or the company may terminate the employment relationship at any time without notice. No one other than the Chief Executive Officer of the company is authorized to enter
into an agreement modifying the employment at-will relationship and any such modification must be in writing and signed by the parties. 

Kevin, both Chris and I look forward to working with you and we are confident you will make a significant contribution to the success of our company.
Please indicate your acceptance of this offer by signing this letter and returning it to me. 
 Sincerely, 

/s/ Tommy Zanetich 
 Tommy Zanetich 

Senior Vice President, Human Resources 
 Accepted and agreed to this 9th day of Feb., 2010, with TBD as my tentative start date. 
  

					
	 /s/ Kevin Yost
	 	
	Signature	 	
			
	 2-9-10
	 		 	
	DateForm of A. O. Smith Corporation Special Retention Award Agreement

 Exhibit 10.1 

 

 

 A. O. SMITH CORPORATION 
 SPECIAL RETENTION AWARD AGREEMENT 
 THIS AGREEMENT,
made and entered into this              day of             , 20     by and between A. O.
Smith Corporation (hereinafter called the “Company”) and              (hereinafter called “Executive”); 

W I T N E S S E T H : 
 WHEREAS, the Board of Directors of the Company has adopted the A. O. Smith Corporation Combined Incentive Compensation Plan, as amended and restated February 10, 2009 (hereinafter called the
“Plan”) which is administered by the Personnel and Compensation Committee of the Board of Directors (hereinafter called the “Committee”); 
 WHEREAS, the Executive, upon the terms and conditions herein set forth, is a participant for the fiscal year of the Company commencing January 1, 20    ,
(hereinafter called the “Plan Year”) under the Plan, the terms and conditions of which Plan are incorporated herein by reference; 
 WHEREAS, the Company desires to provide an additional incentive to the Executive to remain in the employ of the Company through December 31, 20     to assist the
Company in achieving its performance objectives; and 
 WHEREAS, this Agreement constitutes a separate
contract such as is provided for in the Plan; 
 NOW, THEREFORE, in consideration of the payments herein
provided, and of the covenants and agreements herein set forth, the parties hereby mutually covenant and agree as follows: 
  

	I.	 Award. The Company awards the Executive up to a maximum of             
performance-based Restricted Stock Units (also known as phantom stock) which shall vest on January 1, 20     in accordance with the conditions set forth below. 

 

	 	A.	 The Executive shall earn the Restricted Stock Units based on the Return on Invested Capital (“ROIC”) as a percentage of the cost of
capital during the period January 1, 20     through December 31, 20    . ROIC is calculated by taking net income before after-tax cost of interest divided by total capital
including all debt and stockholders’ equity. 

  

	 	(i)	 The formula for calculating ROIC as a percentage of the cost of capital is set forth below: 

 

			
	ROIC as % of Cost of Capital =	  	 Average ROIC during January 1,
20    
 through December 31, 20    

	  	Year End 20     Cost of Capital

  
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	 	(ii)	 The number of Restricted Stock Units in which the Executive shall vest shall be determined in accordance with the following schedule.

  

					
	 ROIC as % of Cost of Capital
	  	Number of Restricted Units Earned	 
	 Less than     %
	  	 	0	  
	     %
	  	 	_____	  
	     %
	  	 	_____	  
	     % or more
	  	 	_____	  

  

	 	(iii)	 The number of Restricted Stock Units to be vested will be interpolated between points on the table through linear interpolation between __% and __%
or between __% and __%, as the case may be, provided that no Restricted Stock Units shall vest if the ROIC as a % of Cost of Capital is less than __%. The number of Restricted Stock Units earned shall be rounded to the nearest whole number.

  

	 	B.	 The determination of the number of Restricted Stock Units that have vested to the Executive shall be made as soon as practical after the vesting
date of January 1, 20    . The Executive shall receive Shares of Company stock equal to the number of vested Restricted Stock Units no later than March 15, 20    .

  

	 	C.	 The Executive will be credited with dividend equivalents on those Restricted Stock Units which have vested equal to the amount of cash dividends
which were declared on the same number of actual Shares during the period January 1, 20     through the date of delivery of the Shares to the Executive. Equivalent dividends will be credited to Executive’s
Deferred Compensation Account in the Non-Qualified Deferred Compensation Plan as soon as the amount of dividends has been determined but no earlier than January 1, 20     and no later than March 15,
20    . If the Executive’s Deferred Compensation Account has been paid in full prior to the time such credit would be otherwise made, he shall receive a cash payment for the equivalent dividends no earlier than
January 1, 20     and no later than March 15, 20    . 

  
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	 	D.	 The calculation of ROIC as a % of Cost of Capital shall be adjusted by the Committee to account for non-reoccurring factors, extraordinary gains or
losses, changes in accounting, acquisitions and divestures of more than $10,000,000, stock issuances, stock dividends or stock buybacks in excess of 1,000,000 Shares. 

 

	 	E.	 If the Executive ceases to be an employee of the Company prior to December 31, 20     by reason of death,
disability, or retirement and has been employed by the Company for at least twelve full months during the three year performance period, the Executive or his beneficiary shall be entitled to receive a pro-rata portion of the Shares based on the
period of his employment during the three-year performance period. If the Executive ceases to be an employee of the Company as a result of a “Qualifying Termination”, as that term is defined in the A. O. Smith Corporation Senior Leadership
Severance Plan, then this Award shall be treated in accordance with the terms of that plan. If the Executive’s employment with the Company shall be terminated prior to December 31, 20     for any other reason, no
Shares shall be payable. 

  

	 	F.	 In the event of a “Change in Control” of the Company, as defined in the A. O. Smith Corporation Senior Leadership Severance Plan, then
this Award shall be treated in accordance with the provisions of that plan. 

  

	II.	 Beneficiary. In accordance with the Plan, the Executive, by completing and signing a “Designation of Beneficiary” shall have the
right to designate a beneficiary to receive any payment of this Award remaining unpaid at Executive’s death, all in the manner and to the extent set forth in this Agreement. The designation may be changed at any time by written notice delivered
to the Committee or its representative. If no Designation of Beneficiary is made, any amount of this Award remaining unpaid, in whole or in part, at the time of death of the Executive, shall be paid to his legal representative.

  

	III.	 Withholding. As to any payment of Shares or cash credited or paid pursuant to this Agreement, the Committee may require that the Executive or
his personal representative, as the case may be, agree to any procedure necessary to enable the Company to make adequate income tax withholdings. 

  

	IV.	 Nonassignability. Neither the Executive nor any of his beneficiaries shall have any right or power to alienate, anticipate, commute, pledge,
encumber or assign any right to receive any amount which hereafter may become or at any time be due hereunder, and no attempt to effect any such alienation, anticipation, commutation, pledge, encumbrance or assignment will be recognized, honored or
accepted by the Company. 

  

	V.	 Forfeiture. So long as any portion of this Award remains unpaid or undistributed, the Executive’s right to receive such amount shall be
forfeited if the Executive at any time during or after his employment with the Company or its Affiliates shall do any act, or engage directly or indirectly (whether as owner, partner, officer, employee or otherwise)

  
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in the operation or management of any business which, in the judgment of the Company, is detrimental to or in competition with the Company or any of Affiliates. 

 

	VI.	 Clawback. To the extent permitted by governing law, the Company may under certain circumstances recoup amounts paid to the Executive under
this Award Agreement. In the event of a restatement of the Company’s previously issued financial statements as a result of errors, omission, fraud, or noncompliance with any financial reporting requirement under the securities laws, the
Committee shall review the facts and circumstances underlying the restatement. After this review, if it is determined that an Award amount was based on the achievement of certain financial results that were the subject of a restatement, the
Committee may, in its discretion, require the Executive to reimburse the Company for all or a portion of any Award actually paid to the Executive or, if such Award has been deferred into the Non-Qualified Deferred Compensation Plan, forfeit the
Award so deferred. In each such instance, the Company may forfeit (to the extent deferred) or seek to recover (to the extent paid) the amount by which the Executive’s Award amount exceeded the lower amount, if any, that would have been made
based on the restated financial results. However, the Company will not seek such recovery where the payment occurred more than three years prior to the date the Company discloses the applicable restatement or for a time period when the Executive was
not an “executive officer.” The term “executive officer” has the meaning given that term in Rule 3b-7 under the Securities Exchange Act of 1934 determined as of the date the Company made the payment in respect of the Award. The
Company will determine, in its sole discretion (but subject to the direction of the Committee), the method for obtaining reimbursement from the Executive. The Company may forfeit and/or recoup amounts paid in respect of an Award regardless of
whether the Executive is still employed by the Company or an affiliate on the date forfeiture and/or reimbursement is required. Forfeiture of or recoupment of amounts paid in respect of an Award does not limit any other remedies that the Company may
have. 

  

	VII.	 Defined Terms. Except as otherwise specifically defined in this Award Agreement, the terms used in this Award Agreement shall have the same
meaning as the terms defined in the Plan. 

 IN WITNESS WHEREOF, the Company has caused
this instrument to be executed by its duly authorized officer, and the Executive has hereunto affixed his hand and seal, the day and year first above written. 

 

			
	A. O. SMITH CORPORATION
		
	By	 	 
		 	Chairman and Chief Executive Officer
		
	By	 	 
		 	[Executive Name]

  
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