SEC Contract Filing

Filing Date: 2025-01-21

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<TYPE>EX-10.1
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<FILENAME>d925940dex101.htm
<DESCRIPTION>EX-10.1
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 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="right">Exhibit 10.1 </P>
<P STYLE="margin-top:24pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>AGREEMENT </B></P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">This Agreement
(this &#147;<U>Agreement</U>&#148;) is made and entered into as of January&nbsp;17, 2025, by and among Enviri Corporation (the &#147;<U>Compan</U>y&#148;) and the entities and natural persons set forth in the signature pages hereto (collectively,
&#147;<U>NB</U>&#148;) (each of the Company and NB, a &#147;<U>Party</U>&#148; to this Agreement, and collectively, the &#147;<U>Parties</U>&#148;). </P>
<P STYLE="margin-top:24pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>RECITALS </B></P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">WHEREAS, the
Company and NB have engaged in discussions and communications concerning the Company&#146;s business, financial performance and strategic plans; </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">WHEREAS, as of the date hereof, NB has beneficial ownership (as determined under Rule <FONT STYLE="white-space:nowrap">13d-3</FONT>
promulgated under the Securities Exchange Act of 1934, as amended, or the rules or regulations promulgated thereunder (the &#147;<U>Exchange Act</U>&#148;)) of 4,760,464 shares of Company&#146;s common stock, par value $1.25 per share (the
&#147;<U>Common Shares</U>&#148;); and </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">WHEREAS, as of the date hereof, the Company and NB have determined to come to an agreement with
respect to the addition of a new independent member to the Company&#146;s board of directors (the &#147;<U>Board</U>&#148;) and certain other matters, as provided in this Agreement. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">NOW, THEREFORE, in consideration of the foregoing premises and the mutual covenants and agreements contained herein, and for other good and
valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the Parties hereto, intending to be legally bound hereby, agree as follows: </P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
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<TD WIDTH="4%" VALIGN="top" ALIGN="left">1.</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman; " ALIGN="left"><U>Board Appointment and Related Agreements</U>. </P></TD></TR></TABLE>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">(a)&#8195; Appointment of Agreed Nominees. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:4%; text-indent:4%; font-size:10pt; font-family:Times New Roman">(i)&#8195;The Company and NB shall act in good faith and cooperate to identify Qualified Independent Candidates and mutually
agree upon (A)&nbsp;one (1) Qualified Independent Candidate as promptly as practicable after the date hereof but no later than ninety (90)&nbsp;days from the date hereof, and (B)&nbsp;an additional Qualified Independent Candidate as promptly as
practicable after the date hereof but no later than two hundred and forty (240)&nbsp;days from the date hereof for appointment to the Board (each such agreed Qualified Independent Candidate, the &#147;<U>Agreed Appointee</U>&#148;). In furtherance
of the foregoing, the Company shall consider in good faith the candidates previously identified by NB to the Company and any additional Qualified Independent Candidates identified and proposed by NB, and undertake the Company&#146;s vetting
processes generally applicable to <FONT STYLE="white-space:nowrap">non-management</FONT> directors of the Company with respect to any such candidate. In addition, NB shall consider in good faith Qualified Independent Candidates identified and
proposed by the Governance Committee of the Board (the &#147;<U>Governance Committee</U>&#148;). For an individual to be a &#147;Qualified Independent Candidate,&#148; such individual shall (A)&nbsp;have submitted to the Company (1)&nbsp;a fully
completed copy of a director questionnaire (in the form contemplated by Article&nbsp;III, Section&nbsp;2(a)(iii) of the Company&#146;s Amended and Restated <FONT STYLE="white-space:nowrap">By-Laws</FONT> (the &#147;<U>By</U><U><FONT
STYLE="white-space:nowrap">-Laws</FONT></U>&#148;)) and other reasonable and customary director onboarding documentation (including an authorization form to conduct a background </P>
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check, a written representation agreement (in the form contemplated by Article&nbsp;III, Section&nbsp;2(a)(iv) of the <FONT STYLE="white-space:nowrap">By-Laws)</FONT> and consent to be named as a
director in the Company&#146;s proxy statement (if applicable)) required by the Company to be completed and executed by other directors in connection with the appointment or election of Board members, and (