SEC Contract Filing

Filing Date: 2024-04-29

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<DIV><FONT size="1" style="font-size:1pt;color:white"> NEWMONT SECTION 16 OFFICER LONG-TERM INCENTIVE PLAN (Effective January 1, 2024) 2 NEWMONT SECTION 16 OFFICER LONG-TERM INCENTIVE PLAN (Effective January 1, 2024) PURPOSE This Section 16 Officer Long-Term Incentive Plan (the &#8220;Section 16 LTIP&#8221;) is a long-term incentive compensation program that includes the Restricted Stock Unit Bonus program and Performance Stock Unit Bonus program. This Section 16 LTIP is an amendment and restatement of the Senior Executive Compensation Program effective on January 1, 2023. The purpose of the Restricted Stock Unit Bonus program and the Performance Stock Bonus program is to provide Eligible Employees a direct interest in the success of the operations of Newmont Corporation (&#8220;Newmont&#8221;). The Eligible Employees will be rewarded in accordance with the terms and conditions described below. I. DEFINITIONS The capitalized terms used in this Section 16 LTIP shall have the same meaning as the capitalized terms in the 2020 Stock Incentive Compensation Plan, unless otherwise defined or stated herein. The following terms used in this Section 16 LTIP shall have the meanings set forth below. 1.1 &#8220;Absolute Total Shareholder Return&#8221; means; (a) the average closing price of Common Stock for the 30 trading days, excluding the final 5 trading days for administrative purposes, on the New York Stock Exchange of the TSR Performance Period, minus (b) the share price used to determine the Target Performance Stock Bonus, assuming dividends are reinvested as of the ex-dividend date, divided by (c) the share price used to determine the Target Performance Stock Bonus. The LDCC retains authority to make adjustments for extraordinary events affecting the calculations. 1.2 &#8220;Award Recipient&#8221; means an Eligible Employee who has been granted a Performance Stock Bonus, a Restricted Stock Unit Bonus, or both, as applicable. 1.3 &#8220;Cause&#8221; means a) engagement in illegal conduct or gross negligence or willful misconduct, provided that if the Award Recipient acted in accordance with an authorized written opinion of Newmont&#8217;s, or an Affiliate&#8217;s, legal counsel, such action will not constitute &#8220;Cause;&#8221; b) any dishonest or fraudulent activity by the Award Recipient or the reasonable belief by Newmont or an Affiliate of the Award Recipient&#8217;s breach of any contract, agreement or representation with the Newmont or an Affiliate, or c) violation, or Newmont&#8217;s or an Affiliate&#8217;s belief of Award Recipient&#8217;s violation, of Newmont Corporation&#8217;s Code of Conduct and/or underlying policies and standards. 1.4 &#8220;Change of Control Price&#8221; means the price per share of Common Stock offered to a holder thereof in connection with any transaction resulting in a Change of Control on a fully- diluted basis (as determined by the LDCC as constituted before the Change of Control, if any part </FONT></DIV>
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<DIV><FONT size="1" style="font-size:1pt;color:white"> 3 of the offered price is payable other than in cash), or, in the case of a Change of Control occurring solely by reason of a change in the composition of the Board, the highest Fair Market Value of a share of Common Stock on any of the 30 trading days immediately preceding the date on which such Change of Control occurs. 1.5 &#8220;Code Section 409A&#8221; shall have the meaning ascribed to such term in Section 6.7 of this Section 16 LTIP. 1.6 &#8220;Eligible Employee&#8221; means a Section 16 Officer of Newmont. 1.7 &#8220;Index Group&#8221; means, unless otherwise selected and determined by the LDCC, the companies comprising the VanEck Vectors Gold Miners ETF (each such company, a &#8220;member&#8221; of the Index Group) and the companies comprising the S&amp;P 500 (such companies, together, as a single member of the Index Group) as of the first day of the TSR Performance Period. 1.8 &#8220;LDCC&#8221; means the Leadership Development and Compensation Committee of the Board. 1.9 &#8220;Participating Employer&#8221; means Newmont and any Affiliate. 1.10 &#8220;Performance Period&#8221; means the period commencing January 1, 2024 and ending December 31, 2026. 1.11 &#8220;Performance Stock Bonus&#8221; means the bonus payable to an Award Recipient in the form of Restricted Stock Units settled in Common Stock and that vest based on the attainment of performance goals as further described in Section IV and Appendix A and such other terms and conditions set forth in the Award Agreement. 1.12 &#8220;Relative Total Shareholder Return&#8221; means Newmont&#8217;s total shareholder return, defined as the change in the closing price of a share of Common Stock, assuming dividends are reinvested as of the ex-dividend date, between the share price used to determine the Target Performance Stock Bonus and the average closing price of Common Stock for the 30 trading days, excluding the final 5 trading days, on the New York Stock Exchange of the TSR Performance Period; as compared to the total shareholder return, assuming dividends are reinvested as of the ex-dividend date, of the Index Group. The LDCC retains authority to make adjustments for extraordinary events affecting the calculations. 1.13 &#8220;Restricted Stock Unit Bonus&#8221; means the bonus payable to an Award Recipient in