SEC Contract Filing

Filing Date: 2017-11-02

Document Content:
<DOCUMENT>
<TYPE>EX-10.1
<SEQUENCE>2
<FILENAME>cf-09302017xex101.htm
<DESCRIPTION>EXHIBIT 10.1
<TEXT>
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<div><a name="s4DC83262A027BB0432BE53C381845596"></a></div><div><div style="line-height:120%;text-align:justify;font-size:11pt;"><font style="font-family:inherit;font-size:11pt;"><br></font></div></div><div><br></div><div style="line-height:120%;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:120%;padding-bottom:10px;padding-top:10px;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">CF&#160;INDUSTRIES HOLDINGS, INC.</font></div><div style="line-height:120%;padding-bottom:10px;padding-top:10px;text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Exhibit&#160;10.1</font></div><div style="line-height:120%;padding-bottom:24px;padding-top:24px;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">CHANGE IN CONTROL SEVERANCE AGREEMENT</font></div><div style="line-height:120%;padding-bottom:16px;padding-top:8px;text-align:justify;text-indent:96px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">THIS AGREEMENT, effective as of October 9, 2017 is made by and between CF&#160;Industries Holdings,&#160;Inc., a Delaware corporation (the &#8220;Company&#8221;), and Susan L. Menzel (the &#8220;Executive&#8221;).</font></div><div style="line-height:120%;padding-bottom:16px;padding-top:8px;text-align:justify;text-indent:96px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">WHEREAS, the Company considers it essential to the best interests of its stockholders to foster the continued employment of key management personnel; and</font></div><div style="line-height:120%;padding-bottom:16px;padding-top:8px;text-align:justify;text-indent:96px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">WHEREAS, the Board recognizes that the possibility of a Change in Control exists and that such possibility, and the uncertainty and questions which it may raise among management, may result in the departure or distraction of management personnel to the detriment of the Company and its stockholders; and</font></div><div style="line-height:120%;padding-bottom:16px;padding-top:8px;text-align:justify;text-indent:96px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">WHEREAS, the Board has determined that appropriate steps should be taken to reinforce and encourage the continued attention and dedication of members of the Company&#8217;s management, including the Executive, to their assigned duties without distraction in the face of potentially disturbing circumstances arising from the possibility of a Change in Control;</font></div><div style="line-height:120%;padding-bottom:16px;padding-top:8px;text-align:justify;text-indent:96px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">NOW, THEREFORE, in consideration of the premises and the mutual covenants herein contained, the Company and the Executive hereby agree as follows:</font></div><div style="line-height:120%;padding-left:0px;padding-bottom:16px;padding-top:8px;text-align:justify;text-indent:96px;"><font style="padding-bottom:16px;padding-top:8px;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;">Defined Terms</font><font style="font-family:inherit;font-size:12pt;">. The definitions of capitalized terms used in this Agreement are provided in the last Section hereof.</font></div><div style="line-height:120%;padding-left:0px;padding-bottom:16px;padding-top:8px;text-align:justify;text-indent:96px;"><font style="padding-bottom:16px;padding-top:8px;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;">Term of Agreement</font><font style="font-family:inherit;font-size:12pt;">.&#160; This Agreement shall become effective upon execution, and the Term shall continue in effect through December 31, 2018; </font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">provided</font><font style="font-family:inherit;font-size:12pt;">, </font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">however</font><font style="font-family:inherit;font-size:12pt;">, that commencing on January&#160;1, 2018 and each January&#160;1 thereafter, the Term shall automatically be extended for one additional year unless, not later than September&#160;30 of the preceding year, the Company or the Executive shall have given notice not to extend the Term; and </font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">further</font><font style="font-family:inherit;font-size:12pt;">&#160;</font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">provided</font><font style="font-family:inherit;font-size:12pt;">, </font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">however</font><font style="font-family:inherit;font-size:12pt;">, that if a Change in Control shall have occurred during the Term, the Term shall expire no earlier than twenty-four (24) months beyond the month in which such Change in Control occurred.</font></div><div style="line-height:120%;padding-left:0px;padding-bottom:16px;padding-top:8px;text-align:justify;text-indent:96px;"><font style="padding-bottom:16px;padding-top:8px;text-align:justify;font-family:inherit;font-size:12pt;padding-right:48px;">3.</font><font style="font-family:inherit;f