EMPLOYMENT AGREEMENT Between Rentech, Inc. and Dan J. CohrsPerformance Share Award Agreement • December 15th, 2008 • Rentech Inc /Co/ • Paints, varnishes, lacquers, enamels & allied prods • California
THIS TOTAL SHAREHOLDER RETURN PERFORMANCE SHARE AWARD AGREEMENT (the “Award Agreement”), dated as of [_____] (the “Grant Date”), by and between Rentech, Inc., a Colorado corporation (the “Company”), and Dan J. Cohrs (the “Executive”), confers upon the Executive the right to receive Stock, the payment of which is contingent upon achieving specified performance-based targets established by the Committee, as provided herein. This Award Agreement is entered into as a material inducement, within the meaning of Section 711(a) of the Rules of the American Stock Exchange, for the Executive to accept employment with the Company pursuant to that certain Employment Agreement, dated as of [_____], between the Executive and the Company (the “Employment Agreement”). The award of Performance Shares provided for herein (the “Performance Share Award”) is made in satisfaction of the Company’s obligation to grant Total Shareholder Return Shares arising under Section 3(b)(ii) of the Employment Agreement.
