Aleris Corp - FORM S-1/A - EX-10.26.1 - AMD. 1 TO EMPLOYMENT AGREEMENT - ALERIS SWITZERLAND GMBH AND ROELOF BAAN - March 29, 2012

Attached files

file filename
EX-10.12.1 - AMENDMENT 2 TO THE ALERIS CORP. 2010 EQUITY INCENTIVE PLAN RESTRICTED STOCK AGMT - Aleris Corpd176100dex10121.htm
EX-10.14.1 - FORM OF AMD. 1 TO THE ALERIS CORP. 2010 EQUITY INCENTIVE PLAN - Aleris Corpd176100dex10141.htm
EX-1.1 - FORM OF UNDERWRITING AGREEMENT - Aleris Corpd176100dex11.htm
EX-3.2 - FORM OF AMENDED AND RESTATED BYLAWS - Aleris Corpd176100dex32.htm
EX-5.1 - OPINION OF FRIED, FRANK, HARRIS, SHRIVER & JACOBSON LLP - Aleris Corpd176100dex51.htm
EX-3.1 - FORM OF AMENDED AND RESTATED CERTIFICATE OF INCORPORATION - Aleris Corpd176100dex31.htm
EX-10.7 - FORM OF ALERIS CORPORATION 2012 EQUITY INCENTIVE PLAN - Aleris Corpd176100dex107.htm
EX-10.5.2 - AMENDMENT 2 TO EMPLOYMENT AGREEMENT - SEAN M. STACK - Aleris Corpd176100dex1052.htm
EX-10.4.2 - AMENDMENT 2 TO EMPLOYMENT AGREEMENT - STEVEN J. DEMETRIOU - Aleris Corpd176100dex1042.htm
EX-10.8.2 - AMENDMENT 2 TO THE ALERIS CORP. 2010 EQUITY INCENTIVE PLAN STOCK OPTION AGMT. - Aleris Corpd176100dex1082.htm
EX-10.6.1 - FORM OF AMENDMENT OF FORM OF EMPLOYMENT AGREEMENT - CLEGG, WEIDENKOPF, DICK - Aleris Corpd176100dex1061.htm
EX-10.9.2 - FORM OF AMD. 2 TO THE ALERIS CORP. 2010 EQUITY INCENTIVE PLAN STOCK OPTION AGMT. - Aleris Corpd176100dex1092.htm
EX-10.10.2 - AMENDMENT 2 TO THE ALERIS CORP. 2010 EQUITY INCENTIVE PLAN STOCK OPTION AGMT. - Aleris Corpd176100dex10102.htm
EX-10.13.1 - AMD. 2 TO THE ALERIS CORP. 2010 EQUITY INCENTIVE PLAN RESTRICTED STOCK UNIT AGMT - Aleris Corpd176100dex10131.htm
EX-10.11.2 - FORM OF AMD. 2 TO THE ALERIS CORP. 2010 EQUITY INCENTIVE PLAN STOCK OPTION AGMT. - Aleris Corpd176100dex10112.htm
EX-10.34 - FORM OF ALERIS CORP 2010 EQUITY INCENTIVE PLAN - MGMT TEAM MEMBER / DIRECTOR - Aleris Corpd176100dex1034.htm
EX-10.32 - FORM OF ALERIS CORP 2010 EQUITY INCENTIVE PLAN - MGMT TEAM MEMBER RSU AWARD - Aleris Corpd176100dex1032.htm
EX-10.31 - FORM OF ALERIS CORP 2010 EQUITY INCENTIVE PLAN - DIRECTOR STOCK OPTION AWARD - Aleris Corpd176100dex1031.htm
EX-10.30 - FORM OF ALERIS CORP 2010 EQUITY INCENTIVE PLAN - DIRECTOR RSU AWARD AGMT. - Aleris Corpd176100dex1030.htm
EX-10.25.1 - AMD. 1 TO THE ALERIS CORP 2010 EQUITY INCENTIVE PLAN - Aleris Corpd176100dex10251.htm
EX-10.22.1 - FORM OF AMD. 1 TO THE ALERIS CORP. 2010 EQUITY INCENTIVE PLAN - Aleris Corpd176100dex10221.htm
EX-10.21.2 - FORM OF AMD. 2 TO THE ALERIS CORP. 2010 EQUITY INCENTIVE PLAN - Aleris Corpd176100dex10212.htm
EX-10.28.1 - AMD. 1 TO THE ALERIS CORP. 2010 EQUITY INCENTIVE PLAN - Aleris Corpd176100dex10281.htm
EX-10.23.2 - FORM OF AMD.2 TO THE ALERIS CORP. 2010 EQUITY INCENTIVE PLAN - Aleris Corpd176100dex10232.htm
EX-10.16.1 - FORM OF AMD. 1 TO THE ALERIS CORP. 2010 EQUITY INCENTIVE PLAN - Aleris Corpd176100dex10161.htm
EX-10.15.1 - AMD. 1 TO THE ALERIS CORP 2010 EQUITY INCENTIVE PLAN RESTRICTED STOCK UNIT AGMT. - Aleris Corpd176100dex10151.htm
EX-10.24.1 - FORM OF AMD. 1 TO THE ALERIS CORP. 2010 EQUITY INCENTIVE PLAN - Aleris Corpd176100dex10241.htm
EX-10.27.2 - AMD. 2 TO THE ALERIS CORP. 2010 EQUITY INCENTIVE PLAN - Aleris Corpd176100dex10272.htm
EX-10.33 - FORM OF ALERIS CORP 2010 EQUITY INCENTIVE PLAN - MGMT TEAM MEMBER STOCK OPTION - Aleris Corpd176100dex1033.htm
EX-10.35 - FORM OF ALERIS CORP 2010 EQUITY INCENTIVE PLAN - EXECUTIVE OFFICER STOCK OPTION - Aleris Corpd176100dex1035.htm
S-1/A - AMENDMENT NO. 9 TO FORM S-1 - Aleris Corpd176100ds1a.htm
EX-10.19 - FORM OF ALERIS CORPORATION 2012 MANAGEMENT INCENTIVE PLAN - Aleris Corpd176100dex1019.htm

Exhibit 10.26.1

Amendment One to Employment Agreement

Mr. Roeland Baan (also known legally as Roelof IJ. Baan, the “Executive”) and Aleris International, Inc. (the “Company”) and for certain purposes Aleris Corporation (the “Parent”) formerly Aleris Holding Company entered into an agreement dated as of June 2010.

The Executive, Company and Parent desire to amend the Agreement effective immediately prior to the effectiveness of an initial public offering of Parent pursuant to the Form S-1 filed with the Securities and Exchange Commission on April 26, 2011, as amended, as follows:

1. The last sentence of Section 5(a)(ii) shall be amended to add at the end thereof the following:

;provided, further, however, notwithstanding the foregoing, if termination of employment is in anticipation of or within twelve (12) months following a Change of Control (as defined in the Aleris Corporation 2012 Equity Incentive Plan), the Severance Payment will be paid in a cash lump sum within thirty (30) days following the Date of Termination, to the extent such a payment would be permissible if being made to an executive subject to United States tax under the rules regarding a “short term deferral” within the meaning of Treasury Regulations Section 1.409A-1(b)(4) of the Code and “separation pay plans” within the meaning of Treasury Regulations Section 1.409A-1(b)(9) of the Code or otherwise not subject the Executive to taxes if he were subject to United States taxes under Section 409A of the Code. For purposes of the foregoing, a termination of employment will be deemed to be “in anticipation of” a Change of Control if such termination is for the principal purpose of avoiding or evading the Company’s or Parent’s compensation obligations that would arise upon a termination following a Change of Control.”

2. The penultimate sentence of Section 5(d) shall be amended to add at the end thereof the following:

;provided, further, however, notwithstanding the foregoing, if termination of employment is in anticipation of or within twelve (12) months following a Change of Control (as defined in the Aleris Corporation 2012 Equity Incentive Plan), the Non-Renewal Payment will be paid in a cash lump sum within thirty (30) days following the Date of Termination, to the extent such a payment would be permissible if being made to an executive subject to United States tax under the rules regarding a “short term deferral” within the meaning of Treasury Regulations Section 1.409A-1(b)(4) of the Code and “separation pay plans” within the meaning of Treasury Regulations Section 1.409A-1(b)(9) of the Code or otherwise not subject the Executive to taxes if he were subject to United States taxes under Section 409A of the Code. For purposes of the foregoing, a termination of employment will be deemed to be “in anticipation of” a Change of Control if such termination is for the principal purpose of avoiding or evading the Company’s or Parent’s compensation obligations that would arise upon a termination following a Change of Control.”

3. Except as expressly amended by this letter agreement, the Agreement shall otherwise continue in full force and effect.

IN WITNESS WHEREOF, the Parties have executed this Agreement as of the date first written above.

 

Executive
 
Name:   Roelof IJ. Baan

 

Aleris International, Inc.
By:    
  Name:
Aleris Corporation
By:    
  Name:

Aleris Corp Reports