SEC Contract Filing

Filing Date: 2017-08-09

Document Content:
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<TYPE>EX-10.1
<SEQUENCE>2
<FILENAME>ex101-formoftransactionbon.htm
<DESCRIPTION>EXHIBIT 10.1
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<div><a name="s364e4194e0f9475d971804ad56995a6e"></a></div><div><div style="line-height:120%;text-align:right;font-size:11pt;"><font style="font-family:Arial;font-size:11pt;">Exhibit 10.1</font></div></div><div><br></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:11pt;"><font style="font-family:Arial;font-size:11pt;">Form of Transaction Bonus Amendment</font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:11pt;"><font style="font-family:Arial;font-size:11pt;">Aleris Corporation</font></div><div style="line-height:120%;text-align:center;font-size:11pt;"><font style="font-family:Arial;font-size:11pt;">25825 Science Park Drive, Suite 400</font></div><div style="line-height:120%;text-align:center;font-size:11pt;"><font style="font-family:Arial;font-size:11pt;">Cleveland, Ohio 44122-7392</font></div><div style="line-height:120%;padding-bottom:13px;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;padding-bottom:13px;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;padding-bottom:13px;text-align:left;font-size:11pt;"><font style="font-family:Arial;font-size:11pt;font-weight:bold;">PERSONAL &amp; CONFIDENTIAL</font></div><div style="line-height:120%;padding-bottom:13px;text-align:right;font-size:11pt;"><font style="font-family:Arial;font-size:11pt;">_____________, 2017</font></div><div style="line-height:120%;padding-bottom:13px;text-align:left;font-size:11pt;"><font style="font-family:Arial;font-size:11pt;">RE:</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:Arial;font-size:11pt;">Transaction Bonus - Extension of Time Period</font></div><div style="line-height:120%;padding-bottom:13px;text-align:left;font-size:11pt;"><font style="font-family:Arial;font-size:11pt;">Dear ___________,</font></div><div style="line-height:120%;padding-bottom:13px;text-align:left;text-indent:48px;font-size:11pt;"><font style="font-family:inherit;font-size:10pt;"></font><font style="font-family:Arial;font-size:11pt;">As you know, the Company provided you with an opportunity to receive a Transaction Bonus conditioned on the occurrence of the closing of a Qualified Sale in a Letter Agreement, dated _____________(the &#8220;</font><font style="font-family:Arial;font-size:11pt;text-decoration:underline;">Letter Agreement</font><font style="font-family:Arial;font-size:11pt;">&#8221;).</font></div><div style="line-height:120%;padding-bottom:13px;text-align:left;text-indent:48px;font-size:11pt;"><font style="font-family:inherit;font-size:10pt;"></font><font style="font-family:Arial;font-size:11pt;">This letter hereby amends and extends the Qualified Sale&#8217;s time period to ________________. No additional action is required by you.</font></div><div style="line-height:120%;padding-bottom:13px;text-align:left;text-indent:48px;font-size:11pt;"><font style="font-family:Arial;font-size:11pt;">Capitalized terms used herein without definition have the meaning assigned to such term in the Letter Agreement. All other terms and conditions in the Letter Agreement remain in effect.</font></div><div style="line-height:120%;padding-bottom:13px;text-align:left;text-indent:48px;font-size:11pt;"><font style="font-family:inherit;font-size:10pt;"></font><font style="font-family:Arial;font-size:11pt;">Thank you in advance for your continued contribution to the success of the Company and the sale process.</font></div><div style="line-height:120%;padding-bottom:13px;text-align:left;text-indent:336px;font-size:11pt;"><font style="font-family:inherit;font-size:10pt;"></font><font style="font-family:Arial;font-size:11pt;">Sincerely,</font></div><div style="line-height:120%;padding-bottom:13px;text-align:left;text-indent:336px;font-size:11pt;"><font style="font-family:inherit;font-size:10pt;"></font><font style="font-family:Arial;font-size:11pt;font-weight:bold;">ALERIS CORPORATION</font></div><div style="line-height:120%;padding-bottom:13px;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:left;text-indent:336px;font-size:11pt;"><font style="font-family:inherit;font-size:10pt;"></font><font style="font-family:Arial;font-size:11pt;">______________________________</font></div><div style="line-height:120%;text-align:left;text-indent:336px;font-size:11pt;"><font style="font-family:inherit;font-size:10pt;"></font><font style="font-family:Arial;font-size:11pt;">By: Sean M. Stack</font></div><div style="line-height:120%;text-align:left;text-indent:336px;font-size:11pt;"><font style="font-family:inherit;font-size:10pt;"></font><font style="font-family:Arial;font-size:11pt;">Title: Chairman &amp; CEO</font></div><div style="line-height:120%;padding-bottom:13px;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;padding-bottom:13px;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;padding-bottom:13px;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;padding-bott