Exhibit 10(c)(1)
[FORM OF]
WAIVER AND RELEASE AGREEMENT
For Participation in the Change in Control Severance Plan and
Amended and Restated Supplemental Executive Retirement Plan
This Waiver and Release Agreement is entered into by and between
Battle Mountain Gold Company ("Company") and ______ ("Executive").
WHEREAS, the Company adopted the Battle Mountain Gold Company Change
in Control Severance Plan effective December 2, 1997 ("Severance Plan") and
the Battle Mountain Gold Company Supplemental Executive Retirement Plan as
amended and restated effective December 2, 1997 ("SERP");
WHEREAS, participation in the Severance Plan and SERP require that
the Executive waive and release all of his or her rights under any plans,
employment agreements, other agreements, offer letter, and other
communications, whether oral or written;
NOW, THEREFORE, in consideration of the premises:
1. Effective as of the date hereof, Executive waives and releases any and
all of his or her rights under [reference to existing agreement or
arrangement] [with respect to severance benefits payable in the event
of a change in control and supplemental retirement benefits under the
SERP including supplemental retirement benefits payable in the event
of a change in control contained in such [same reference]. "Change in
control" for purposes of this Agreement shall have the same meaning as
set forth in the Severance Plan.]
2. Company agrees that the Executive is a Participant in the Severance
Plan and SERP effective July 19, 1999 subject to the terms of such
plans and the Committee's right to terminate Executive's participation
in the Severance Plan and SERP as specified in such plans.
IN WITNESS WHEREOF, Executive and a duly authorized representative of
the Company have executed this document on the date or dates indicated
below:
EXECUTIVE:
Date:
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BATTLE MOUNTAIN GOLD COMPANY
By: Date:
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