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Exhibit 10.3
AMENDMENT TO CHANGE IN CONTROL
SEVERANCE
This Amendment is made this ___ day of December
2008, by and between Compass Minerals International, Inc., a
Delaware corporation (“Company”), and
__________________ (“Executive”).
WHEREAS, Company and Executive are parties to a
Change in Control Severance Agreement dated _____________________
(the “Agreement”) and the parties now desire to amend
the Agreement to comply with Section 409A of the Internal Revenue
Code of 1986, as amended;
NOW, THEREFORE, for and in consideration of the
premises and the mutual covenants and agreements contained herein,
Company and Executive agree that the Agreement is amended as
follows:
A. Section
4(c) is amended by deleting the reference to “2 years”
and by inserting “18 months” in lieu
thereof.
B. Section
5 is amended by adding the following to end of such
Section:
Any
Reimbursement Payment payable pursuant to this paragraph 5 shall be
paid by the Company to Executive no later than the last day of
Executive’s taxable year next following Executive’s
taxable year in which he remits the related taxes.
C. Section
8(b) is amended by adding the following to end of such
Section:
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