SEC Contract Filing

Filing Date: 2021-11-09

Document Content:
<DOCUMENT>
<TYPE>EX-10.1
<SEQUENCE>2
<FILENAME>rfp-20210930xex101.htm
<DESCRIPTION>EX-10.1
<TEXT>
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<title>Document</title></head><body><div id="ib44c8dfbff2b4795ae6d6e7b6b8a16a0_1"></div><div style="min-height:186pt;width:100%"><div style="text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">EXHIBIT 10.1</font></div><div style="text-align:right"><font style="color:#0f7f40;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">111 boul. Robert-Bourassa, Suite 5000</font></div><div style="text-align:right"><font style="color:#0f7f40;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Montr&#233;al, Qu&#233;bec, H3C 2M1 Canada</font></div><div style="text-align:right"><font style="color:#0f7f40;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">T 514-875-2160 </font><font style="color:#0f7f40;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">resolutefp.com</font></div><div><img alt="image.jpg" src="image.jpg" style="height:152px;margin-bottom:5pt;vertical-align:text-bottom;width:175px"></div></div><div><font style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:103%">November 3, 2021</font></div><div><font><br></font></div><div><font><br></font></div><div><font style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:112%">Mr. Jacques P. Vachon</font></div><div style="margin-bottom:3pt;margin-top:12pt;padding-right:-36pt"><font><br></font></div><div><font style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:700;line-height:120%;text-decoration:underline">Re&#58; Agreement between Jacques P. Vachon and Resolute FP Canada Inc.</font></div><div><font><br></font></div><div><font style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Dear Mr. Vachon&#58;</font></div><div><font><br></font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">I am pleased to confirm your appointment to the position of Special Advisor to the CEO. You will be expected to dedicate approximately (2 days per week) to carry out the duties assigned to you by the CEO. The terms and conditions of this offer are described below.</font></div><div><font><br></font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:700;line-height:120%;text-decoration:underline">Date of Appointment &#38; Term</font></div><div style="margin-bottom:9pt;text-align:justify"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Your Appointment will be effective January 1, 2022 for a period of 12 months after which time this agreement will automatically terminate unless extended by agreement of both parties. </font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:700;line-height:120%;text-decoration:underline">Monthly Base Salary</font></div><div style="margin-bottom:9pt;text-align:justify"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">As of the effective date, your monthly base salary rate will be at $14,405 per month, less applicable deductions and payable semi-monthly by direct deposit. Your monthly base salary will be subject to the Company&#8217;s currency policy for executive pay. For 2022, subject to modifications in accordance with the Company&#8217;s currency policy for executive pay, 63.5% of your base salary will be denominated in Canadian dollars and 36.5% will be denominated in US dollars.</font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:700;line-height:120%;text-decoration:underline">Short Term Incentive Plan</font></div><div style="margin-bottom:9pt;text-align:justify"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">You will not participate in the Company&#8217;s short term incentive plans adopted by the Company from time to time, including the 2022 Short Term Incentive Plan.</font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:700;line-height:120%;text-decoration:underline">Long Term Incentive Plan</font></div><div style="margin-bottom:9pt;text-align:justify"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">You will not participate in the Company&#8217;s Long Term Incentive Plan.</font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:700;line-height:120%;text-decoration:underline">Retirement Plan</font></div><div style="margin-bottom:9pt"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">You will not participate in the Company&#8217;s Defined Contribution Retirement Plan applicable to current permanent employees of the Resolute FP Canada Inc.</font></div><div><font style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">You will not participate in the Company&#8217;s DC Make Up Program applicable to Resolute&#8217;s Senior Management.</font></div><div><font><br></font></div><div><font style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:700;line-height:120%;text-de