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As Of Filer Filing For·On·As Docs:Size Issuer Agent 2/21/08 Newmont Mining Corp/DE 10-K 12/31/07 15:3.7M RR Donnelley/FA |
Document/Exhibit Description Pages Size
1: 10-K Annual Report HTML 2.87M
3: EX-10.17 Senior Executive Compensation Program Dated HTML 44K
February 19, 2008
4: EX-10.25 Employment Agreement Effective January 1, 2007 HTML 34K
5: EX-10.26 Consulting Agreement Effective May 1, 2007 HTML 26K
2: EX-10.3 Amendment One to the Pension Equalization Plan of HTML 14K
Newmont
6: EX-10.34 Summary of Non-Employee Director Compensation and HTML 14K
Benefits
7: EX-10.35 Summary of Executive Compensation HTML 23K
8: EX-12.1 Statement Re Computation of Ratio of Earnings to HTML 30K
Fixed Charges
9: EX-21 Subsidiaries of Newmont Mining Corporation HTML 110K
10: EX-23.1 Consent of Pricewaterhousecoopers LLP HTML 10K
11: EX-24 Power of Attorney HTML 19K
12: EX-31.1 Certification Pursuant to Rule 13A-14 or 15D-14 of HTML 14K
the Securities Exchange Act
13: EX-31.2 Certification Pursuant to Rule 13A-14 or 15D-14 of HTML 14K
the Securities Exchange Act
14: EX-32.1 Statement Required by 18 U.S.C. Section 1350 HTML 10K
15: EX-32.2 Statement Required by 18 U.S.C. Section 1350 HTML 10K
| Amendment One to the Pension Equalization Plan of Newmont |
Exhibit 10.3
AMENDMENT ONE
TO THE
PENSION EQUALIZATION PLAN OF NEWMONT
WHEREAS, the Pension Equalization Plan of Newmont (the “Plan”) was restated by Newmont USA Limited (the “Plan Sponsor”) effective January 1, 2005;
WHEREAS, the Plan Sponsor has discovered a Plan provision that does not apply to the Plan and has never been applied in actual Plan administration;
WHEREAS, the Plan Sponsor wishes to amend the Plan effective January 1, 2005; and
WHEREAS, Section 8.02 of the Plan authorizes the Plan Sponsor to amend the Plan from time to time;
NOW, THEREFORE, the Plan is hereby amended as follows:
1. Under Article I, “Definitions,” the definition of “Salary” is restated as follows:
“Salary” means Salary as defined in the Pension Plan at the relevant time plus:
(a) with respect to a Participant who receives Executive Performance Incentive payments (“EPI”) for 2003 (the “Current Participants”), (i) any bonus awards paid to such Current Participant under the Newmont Intermediate Term Incentive Compensation Plan (the “ITIP”) which were earned in 2002 and prior years (but not including transitional cash payments with respect to the ITIP made in 2004, 2005 and 2006) and (ii) any bonus awards paid to such Current Participant under EPI beginning with EPI year 2003 through EPI year 2007, but not for any subsequent EPI year. Any such bonuses paid in the form of stock of the Company or any parent or subsidiary of the Company shall be included in Salary to the extent the Participant does not forfeit the stock and shall be included in Salary in equal monthly amounts over the period of the Participant’s employment during which the bonus was earned. The value of stock for this purpose shall be the value assigned by the Board of Directors of Newmont Mining Corporation when the stock is awarded. No more than the five bonuses earned with respect to five calendar years under the ITIP and/or EPI shall be taken into account in determining “Salary.” A Current Participant who Retires on or after January 1, 2008 will have an “Average Monthly Salary” equal to the greater of (x) the Current Participant’s “Average Monthly Salary” (as defined in the Pension Plan) calculated as of December 31, 2007 based upon the foregoing definition of Salary and not thereafter changed or (y) the Current Participant’s Average Monthly Salary as calculated under the foregoing provisions as of the date of the Current Participant’s Retirement; and
(b) with respect to Participants who did not receive EPI for 2003 (the “New Participants”), who are in salary grade 109, and who previously participated in the ITIP shall have bonus awards paid to such Participant under the ITIP which were earned in 2002 and prior years (but not including any transitional cash payments with respect to the
Pension Equalization Plan of Newmont
Amendment One Effective January 1, 2005
Page 1 of 2
ITIP made in 2004, 2005 and 2006) included in Salary in the year earned in the same manner as Current Participants pursuant to paragraph (a) of the definition of “Salary” above for purposes of determining such Participant’s “Average Monthly Salary.”
2. The Administration Committee or its delegate is hereby authorized to take any action necessary to implement this amendment.
The foregoing was adopted this 27th day of March, 2006.
| NEWMONT USA LIMITED | ||
| By: | /s/ Britt D. Banks | |
| Name: | Britt D. Banks | |
| Title: | Vice President | |
Pension Equalization Plan of Newmont
Amendment One Effective January 1, 2005
Page 2 of 2
| This ‘10-K’ Filing | Date | Other Filings | ||
|---|---|---|---|---|
 | ||||
| Filed on: | 2/21/08 | 8-K | ||
| 1/1/08 | 3 | |||
| For Period End: | 12/31/07 | 11-K, 4 | ||
| 1/1/05 | ||||
| List all Filings | ||||