SEC Contract Filing

Filing Date: 2016-02-19

Document Content:
<DOCUMENT>
<TYPE>EX-10.III.II
<SEQUENCE>4
<FILENAME>exhibit10iiiii_20151231.htm
<DESCRIPTION>EXHIBIT 10.III.II
<TEXT>
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<a name="sA05FEBCF72438FB6AB60D6D8000BF57C"></a><div></div><br><div style="line-height:120%;padding-top:16px;text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Exhibit 10.iii.ii. </font></div><div style="line-height:120%;padding-bottom:16px;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:120%;padding-bottom:16px;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;font-weight:bold;">THE MOSAIC COMPANY <br>RESTRICTED STOCK UNIT AWARD AGREEMENT</font></div><div style="line-height:120%;padding-bottom:16px;text-align:justify;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">This </font><font style="font-family:inherit;font-size:12pt;font-weight:bold;">RESTRICTED STOCK UNIT AWARD AGREEMENT</font><font style="font-family:inherit;font-size:12pt;">&#32;(the &#8220;</font><font style="font-family:inherit;font-size:12pt;font-style:italic;">Agreement</font><font style="font-family:inherit;font-size:12pt;">&#8221;) is dated this </font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:12pt;">&#32;day of May, 20</font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:12pt;">, (the &#8220;</font><font style="font-family:inherit;font-size:12pt;font-style:italic;">Grant Date</font><font style="font-family:inherit;font-size:12pt;">&#8221;) from The Mosaic Company, a Delaware corporation (the &#8220;</font><font style="font-family:inherit;font-size:12pt;font-style:italic;">Company</font><font style="font-family:inherit;font-size:12pt;">&#8221;) to </font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:12pt;">&#32;(the &#8220;</font><font style="font-family:inherit;font-size:12pt;font-style:italic;">Participant</font><font style="font-family:inherit;font-size:12pt;">&#8221;), who is a non-employee director on the Board of Directors of the Company.</font></div><div style="line-height:120%;padding-left:0px;padding-bottom:16px;text-align:justify;text-indent:48px;"><font style="padding-bottom:16px;text-align:justify;font-family:inherit;font-size:12pt;padding-right:48px;">1.</font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">Award</font><font style="font-family:inherit;font-size:12pt;">. The Company hereby grants to Participant an award of </font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:12pt;">&#32;restricted stock units (&#8220;RSUs&#8221;), each RSU representing the right to receive one share of common stock, par value $.01 per share (the &#8220;</font><font style="font-family:inherit;font-size:12pt;font-style:italic;">Common Stock</font><font style="font-family:inherit;font-size:12pt;">&#8221;), of the Company according to the terms and conditions set forth herein and in The Mosaic Company 2014 Stock and Incentive Plan (the &#8220;</font><font style="font-family:inherit;font-size:12pt;font-style:italic;">Plan</font><font style="font-family:inherit;font-size:12pt;">&#8221;). The RSUs are granted under Section 6(c) of the Plan. A copy of the Plan has been furnished to Participant.</font></div><div style="line-height:120%;padding-left:0px;padding-bottom:16px;text-align:justify;text-indent:48px;"><font style="padding-bottom:16px;text-align:justify;font-family:inherit;font-size:12pt;padding-right:48px;">2.</font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">Vesting; Forfeiture; Payment Date</font><font style="font-family:inherit;font-size:12pt;">. Except as otherwise provided in this Agreement, the RSUs awarded to a Participant shall vest on the date of the Company&#8217;s next annual meeting of stockholders after the date hereof (the &#8220;Vesting Date&#8221;) and be paid to the Participant on the third anniversary of the Grant Date. If Participant ceases to be a director prior to the Vesting Date, the director shall forfeit the RSUs awarded under this Agreement unless (i) the Participant dies (in which case the RSUs shall immediately vest), or (ii)&#160;the Governance Committee of the Board of Directors in its sole discretion decides to vest in whole or in part the RSUs awarded to the Participant. If the Participant is removed as a director at any time for cause in accordance with the Company&#8217;s bylaws, the director shall forfeit the RSUs awarded under this Agreement. A director need not continue to serve as a director through the third anniversary of the Grant Date to receive payment of the RSUs. An acceleration of vesting shall not accelerate the payment date (except in the case of the Participant&#8217;s death), which shall remain the third anniversary of the Grant Date.</font></div><div style="line-height:120%;padding-left:0px;padding-bottom:16px;text-align:justify;text-indent:48px;"><font style="padding-bottom:16px;text-align:justify;font-family:inherit;font-size:12pt;padding-right:48px;">3.</font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">Restrictions on Transfer</font><font style="font-family:inherit;font-size:12pt;">. The RS