Looking for an agreement? Search from over 1 million agreements now.

Employment Agreement

This is an actual contract by Compass Minerals Group.

Save time and money with our Premium Packages.
Buy all (8) recommended agreements for
$140.00 (50% savings)
Agreement Preview
Sectors: Chemicals
Governing Law: New York, View New York State Laws
Effective Date: April 01, 2002
Related Agreement Types:
Search This Document
EXHIBIT 10.15 Employment Agreement

Compass Minerals Group, Inc. 8300 College Boulevard Overland Park, Kansas 66210 March 12, 2002

Mr. Michael E. Ducey

26 Victorian Gate Way

Columbus, Ohio 43215

Re: Employment Terms

Dear Mike:

This Letter Agreement confirms the understanding reached between you and Compass Minerals Group, Inc. (the " Company" ) regarding the terms of your employment with the Company.

1. Your employment will commence as of April 1, 2002 (the " Effective Date" ).

2. You will serve as Chief Executive Officer of the Company, reporting to the Company' s Board of Directors (the " Board" ). In addition, you will be nominated for a seat on the Board. You will devote your best efforts and full business time to the Company.

3. You will be based in the Company' s Overland Park, Kansas offices and in connection with your employment by the Company you will be required to maintain your primary residence in the Kansas City metropolitan area.

4. You will be paid a base salary at the rate of $350,000 per year, which will be payable in accordance with the Company' s customary payroll practices.

5. You will be eligible to receive a signing bonus in an amount equal to 33% of the amount of base salary paid to you during calendar year 2002. The signing bonus will be payable to you as of the date 2002 bonuses are eligible to be paid under the Company' s annual incentive compensation program (as described in paragraph 6), subject to your continued employment by the Company through such date.

6. You will be eligible to receive a bonus pursuant to an annual incentive compensation program to be established by the Board. Pursuant to the annual incentive compensation program, each calendar year (including without limitation 2002) you will be eligible to receive a bonus in an amount equal to 66% of the amount of base salary paid to you du
-- End of Preview --
Home| About Us| FAQ| Subscription | Contact Us |

Privacy Policy   Terms of Service