Executive Change-in-Control Severance Agreement for [Employee] Walter Energy, Inc. Adopted: , 2010Walter Energy, Inc. • February 28th, 2011 • Bituminous coal & lignite mining
THIS EXECUTIVE CHANGE-IN-CONTROL SEVERANCE AGREEMENT is made, entered into, and is effective this [ ] day of [ ], 2010 (hereinafter referred to as the “Effective Date”), by and between Walter Energy, Inc. (the “Company”), a Delaware corporation, and [employee] (the “Executive”).
CONFIDENTIAL December 22, 2008 Ms. Lisa A. Honnold Tampa, FL 33607 Dear Lisa:Walter Energy, Inc. • February 28th, 2011 • Bituminous coal & lignite mining
The terms of your employment with Walter Industries, Inc. (the “Company”) are currently governed by a letter employment agreement dated March 14, 2006 (the “Original Agreement”). New tax rules under Section 409A of the Internal Revenue Code of 1986, as amended (the “Code”) require that certain provisions of our Original Agreement be amended. Accordingly, you and the Company hereby amend the terms of your employment as set forth below. To the extent the terms of this letter agreement are inconsistent with the terms of the Original Agreement, the terms of this letter agreement will control.
