{"id":38528,"date":"2015-09-17T11:25:58","date_gmt":"2015-09-17T16:25:58","guid":{"rendered":"https:\/\/content.findlaw-admin.com\/ability-legal\/contracts\/uncategorized\/annual-incentive-compensation-plan-newmont-mining-corp.html"},"modified":"2015-09-17T11:25:58","modified_gmt":"2015-09-17T16:25:58","slug":"annual-incentive-compensation-plan-newmont-mining-corp","status":"publish","type":"corporate_contracts","link":"https:\/\/corporate.findlaw.com\/contracts\/compensation\/annual-incentive-compensation-plan-newmont-mining-corp.html","title":{"rendered":"Annual Incentive Compensation Plan – Newmont Mining Corp."},"content":{"rendered":"================================================================================\n\n NEWMONT MINING CORPORATION\n ANNUAL INCENTIVE COMPENSATION PLAN\n\n (Effective as of January 1, 2000)\n\n \n NEWMONT MINING CORPORATION\n ANNUAL INCENTIVE COMPENSATION PLAN\n\n (Effective as of January 1, 2000)\n\n The Board of Directors of Newmont Mining Corporation, a Delaware\ncorporation (the \"Company\"), hereby adopts the Newmont Mining Corporation Annual\nIncentive Compensation Plan (the \"Plan\"), effective as of January 1, 2000 (the\n\"Effective Date\").\n\n PURPOSE\n -------\n\n The purpose of the Plan is to provide to employees of the Company and its\nAffiliated Entities (defined herein) that participate in the Plan a more direct\ninterest in the success of the operations of the Company by rewarding their\nsuccessful efforts to maximize cash flow, minimize production costs, expand\nreserves, and develop new capital projects in an optimal manner. Employees of\nthe Company and participating Affiliated Entities will be rewarded in accordance\nwith the terms and conditions described below.\n\n ARTICLE I\n ---------\n\n DEFINITIONS\n -----------\n\n 1.1 \"Actual Cash Flow per Share\" means the actual Cash Flow per Share for\n -------------------------- \nthe year, as determined by the Company.\n\n 1.2 \"Actual Earnings per Share\" means the actual Earnings per Share for\n ------------------------- \nthe year, as determined by the Company.\n\n 1.3 \"Actual Leaching Cost per Ton\/Tonne\" means, with respect to a\n ----------------------------------\nparticular Site, the actual Leaching Cost per Ton\/Tonne for that Site for the\nyear, as determined by the Company.\n\n 1.4 \"Actual Milling Cost per Ton\/Tonne\" means, with respect to a\n --------------------------------- \nparticular Site, the actual Milling Cost per Ton\/Tonne for that Site for the\nyear, as determined by the Company.\n\n 1.5 \"Actual Operating Cash Flow\" means, with respect to a particular Site,\n -------------------------- \nthe actual Operating Cash Flow for that Site for the year, as determined by the\nCompany.\n\n 1.6 \"Actual Support Cost\" means, with respect to a particular Site, the\n ------------------- \nactual Support Cost for that Site for the year, as determined by the Company.\n\n 1.7 \"Actual Surface Mining Cost per Ton\/Tonne\" means, with respect to a\n ---------------------------------------- \nparticular Site, the actual Surface Mining Cost per Ton\/Tonne for the year, as\ndetermined by the Company.\n\n 1.8 \"Actual Total Consolidated Cost per Equivalent Ounce\" means the actual\n --------------------------------------------------- \nTotal Consolidated Cost per Equivalent Ounce for the year, as determined by the\nCompany.\n\n \n 1.9 \"Actual Total Cost per Ounce\" means, with respect to a particular\n --------------------------- \nSite, the actual Total Cost per Ounce (or pound, as applicable) for the year, as\ndetermined by the Company,\n\n 1.10 \"Actual Underground Mining Cost per Ton\" means, with respect to a\n -------------------------------------- \nparticular Site, the actual Underground Cost per Ton for the year, as\ndetermined by the Company.\n\n 1.11 \"Affiliated Entity(ies)\" means any corporation or other entity, now or\n ---------------------- \nhereafter formed, that is or shall become affiliated with the Company, either\ndirectly or indirectly, through stock ownership, control or otherwise, as\ndetermined by the Company, including but not limited to Newmont Gold Company, a\nDelaware corporation (\"NGC\").\n\n 1.12 \"Area of Primary Responsibility\" means the Site and Unit to which an\n ------------------------------ \nEmployee has been assigned by the Company for purposes of calculating the\nEmployee's Performance Bonus.\n\n 1.13 \"Batu Hijau Unit\" means those Employees whose Area of Primary\n --------------- \nResponsibility is the Company's Batu Hijau operations.\n\n 1.14 \"Board\" means the Board of Directors of the Company.\n ----- \n\n 1.15 \"Bonus Eligible Earnings\" means the total base salary earnings of the\n ----------------------- \nEmployee during the calendar year. If an Employee is absent from work because of\na work-related injury, the Employee's \"Bonus Eligible Earnings\" will be\ndetermined by his actual gross W-2 base earnings during the Plan Year. In the\ncase of a Terminated Eligible Employee who is Disabled, \"Bonus Eligible\nEarnings\" will be determined by his actual gross W-2 base earnings, including\nshort-term disability pay received during the Plan Year, but excluding pay from\nany other source. If an Employee dies during the Plan Year, the \"Bonus Eligible\nEarnings\" for such Terminated Eligible Employee will be determined by his actual\ngross W-2 base earnings. If an Employee is on active military duty during a Plan\nYear, the \"Bonus Eligible Earnings\" will be determined by his actual gross W-2\nbase earnings during the Plan Year, exclusive of any military pay. If an\nEmployee does not receive a W-2, his \"Bonus Eligible Earnings\" shall be\ndetermined on the basis of his actual gross base earnings for the Plan Year, or\nportion thereof, as shown on the payroll records of the Company or the\nParticipating Employer. In all cases, an Employee's \"Bonus Eligible Earnings\"\nshall be computed before reduction for pre-tax contributions to an employee\nbenefit plan of the Company pursuant to Section 401(k) or Section 125 of the\nCode. In the event of a Change of Control the Bonus Eligible Earnings of each\nEligible Employee shall be equal to such Employee's base salary, on an\nannualized basis, as of the date immediately preceding the Change of Control\nand, in the case of a Terminated Eligible Employee, such Employee's base salary\nfor the Plan Year through the date of termination of employment.\n\n 1.16 \"Cash Flow per Share\" means the \"cash flow from operations\" for the\n ------------------- \nyear from the consolidated cash flow statement of the Company divided by the\nweighted average shares outstanding during the year, as determined by the\nCompany.\n\n 1.17 \"Cash Flow per Share Performance Percentage\" means the Actual Cash\n ------------------------------------------ \nFlow per Share for the year divided by the Target Cash Flow per Share, with the\nresult multiplied by 100, as determined by the Company.\n\n 2\n\n \n 1.18 \"Change of Control\" means:\n ----------------- \n\n (a) The acquisition by any individual, entity or group (within the\nmeaning of Section 13(d)(3) or 14(d)(2) of the Securities Exchange Act of 1934,\nas amended (the \"Exchange Act\")) (a \"Person\") of beneficial ownership (within\nthe meaning of Rule 13d-3 promulgated under the Exchange Act) of 20% or more of\neither (i) the then outstanding shares of common stock of the Company (the\n\"Outstanding Common Stock\") or (ii) the combined voting power of the then\noutstanding voting securities of the Company entitled to vote generally in the\nelection of directors (the \"Outstanding Voting Securities\"); provided, however,\nthat for purposes of this subsection (a), the following acquisitions shall not\nconstitute a Change of Control: (i) any acquisition directly from the Company,\n(ii) any acquisition by the Company, (iii) any acquisition by any employee\nbenefit plan (or related trust) sponsored or maintained by the Company or any\ncorporation controlled by the Company or (iv) any acquisition pursuant to a\ntransaction which complies with clauses (i), (ii) and (iii) of subsection (c) of\nthis Section; or\n\n (b) Individuals who, as of the date hereof, constitute the Board of\nDirectors of the Company (the \"Incumbent Board\") cease for any reason to\nconstitute at least a majority of the Board of Directors of the Company;\nprovided, however, that any individual becoming a director subsequent to the\ndate hereof whose election, or nomination for election by the Company's\nshareholders, was approved by a vote of at least a majority of the directors\nthen comprising the Incumbent Board shall be considered as though such\nindividual were a member of the Incumbent Board, but excluding, for this\npurpose, any such individual whose initial assumption of office occurs as a\nresult of an actual or threatened election contest with respect to the election\nor removal of directors or other actual or threatened solicitation of proxies or\nconsents by or on behalf of a Person other than the Board of Directors of the\nCompany; or\n\n (c) Consummation by the Company of a reorganization, merger or\nconsolidation or sale or other disposition of all or substantially all of the\nassets of the Company or the acquisition of assets of another entity (a\n\"Business Combination\"), in each case, unless, following such Business\nCombination, (i) all or substantially all of the individuals and entities who\nwere the beneficial owners, respectively, of the Outstanding Common Stock and\nOutstanding Voting Securities immediately prior to such Business Combination\nbeneficially own, directly or indirectly, more than 50% of, respectively, the\nthen outstanding shares of common stock and the combined voting power of the\nthen outstanding voting securities entitled to vote generally in the election of\ndirectors, as the case may be, of the corporation resulting from such Business\nCombination (including, without limitation, a corporation which as a result of\nsuch transaction owns the Company or all or substantially all of the Company's\nassets either directly or through one or more subsidiaries) in substantially the\nsame proportions as their ownership immediately prior to such Business\nCombination of the Outstanding Common Stock and Outstanding Voting Securities,\nas the case may be, (ii) no Person (excluding any employee benefit plan (or\nrelated trust) of the Company or such corporation resulting from such Business\nCombination) beneficially owns, directly or indirectly, 20% or more of,\nrespectively, the then outstanding shares of common stock of the corporation\nresulting from such Business Combination or the combined voting power of the\nthen outstanding voting securities of such corporation except to the extent that\nsuch ownership existed prior to the Business Combination and (iii) at least a\nmajority of the members of the board of directors of the corporation resulting\nfrom such Business Combination were members of the Incumbent Board at the time\nof the execution of the initial agreement, or of the action of the Board,\nproviding for such Business Combination; or\n\n 3\n\n \n (d) Approval by the shareholders of the Company of a complete\nliquidation or dissolution of the Company.\n\n 1.19 \"Code\" means the Internal Revenue Code of 1986, as amended from time\n ---- \nto time.\n\n 1.20 \"Company\" means Newmont Mining Corporation, and where the context\n ------- \nrequires, any Affiliated Entity that has become a Participating Employer.\n\n 1.21 \"Compensation Committee\" means the Compensation Committee of the\n ---------------------- \nBoard.\n\n 1.22 \"Consolidated Unit\" means those Employees whose Area of Primary\n ----------------- \nResponsibility is the corporate office of the Company, and those Employees\nassigned to non-operational projects.\n\n 1.23 \"Disability\" means a condition such that the Employee has terminated\n ---------- \nemployment with the Company and\/or all Participating Employers with a qualifying\ndisability and has immediately begun receiving benefits from a long-term\ndisability plan of the Company or a Participating Employer.\n\n 1.24 \"Earnings per Share\" means the reported Earnings per Share of the\n ------------------ \nCompany adjusted for the tax-affected amount of the financial accounting impact\nof \"mark-to-market\" adjustments relating to the long-dated call options sold by\nthe Company before extraordinary items for the relevant Plan Year, as determined\nby the Company.\n\n 1.25 \"Earnings per Share Performance Percentage\" means Actual Earnings per\n ----------------------------------------- \nShare for the year divided by Target Earnings per Share, with the result\nmultiplied by 100, as determined by the Company.\n\n 1.26 \"Employee\" means a full-time, salaried employee of the Company and\/or\n -------- \na Participating Employer, excluding temporary or leased employees. For purposes\nof this Plan, an employee is any individual who provides services to the Company\nas a common law employee. An Employee shall not include any individual (i) who\nprovides services to the Company and\/or a Participating Employer under an\nagreement, contract, or any other arrangement pursuant to which the individual\nis initially classified as an independent contractor by the Company and\/or a\nParticipating Employer, or (ii) whose remuneration for services has not been\ntreated initially as subject to the withholding of federal income tax pursuant\nto Section 3401 of the Code even if the individual is subsequently reclassified\nas a common law employee as a result of a final decree of a court of competent\njurisdiction or the settlement of an administrative or judicial proceeding.\n\n 1.27 \"Exploration Team\" means those Employees whose Area of Primary\n ---------------- \nResponsibility is associated with the generation of reserves and who are\ndesignated by the Company as members of such a Team.\n\n 1.28 \"Key Objectives\" means the key results expected by the end of the\n -------------- \nreview period for an Employee, as established and administered through the\nCompany's performance management system.\n\n 4\n\n \n 1.29 \"Leaching Cost per Ton\/Tonne\" means, with respect to a particular\n --------------------------- \nSite, the total Site leaching costs divided by the total leach tons\/tonnes\nplaced for that Site, as determined by the Company.\n\n 1.30 \"Mesquite Unit\" means those Employees whose Area of Primary\n ------------- \nResponsibility is the Company's Mesquite operations.\n\n 1.31 \"Milling Cost per Ton\/Tonne\" means, with respect to a particular Site,\n -------------------------- \nthe total Site milling costs divided by the total tons\/tonnes milled from that\nSite, as determined by the Company.\n\n 1.32 \"Minahasa Raya Unit\" means those Employees whose Area of Primary\n ------------------ \nResponsibility is the Company's Minahasa Raya operations.\n\n 1.33 \"Minera Yanacocha Unit\" means those Employees whose Area of Primary\n --------------------- \nResponsibility is the Company's Minera Yanacocha operations.\n\n 1.34 \"Mining Cost per Ton\/Tonne Performance Percentage\" means, with respect\n ------------------------------------------------ \nto a particular Site with underground mining, the sum of (a) one plus the\nquotient of Target Underground Mining Cost per Ton for the Site minus the Actual\nUnderground Mining Cost per Ton for that Site divided by the Target Underground\nMining Cost per Ton for that Site, plus (b) one plus the quotient of Target\nSurface Mining Cost per Ton\/Tonne for the Site minus the Actual Surface Mining\nCost per Ton\/Tonne for that Site divided by the Target Surface Mining Cost per\nTon\/Tonne, with the result divided by 2 and then multiplied by 100, as\ndetermined by the Company. For a Site without underground mining, it means the\ncalculation described in (b), with the result multiplied by 100.\n\n 1.35 \"Nevada Unit\" means those Employees whose Area of Primary\n ----------- \nResponsibility is the Company's Nevada operations.\n\n 1.36 \"Operating Cash Flow\" means, with respect to a particular Site, the\n ------------------- \n\"cash flow from operations\" from the cash flow statement for the year. Except\nfor the \"Consolidated Unit,\" there shall be a constant commodity price\nadjustment made to \"cash flow from operations.\" The Operating Cash Flow shall be\ndetermined by the Company.\n\n 1.37 \"Operating Cash Flow Performance Percentage\" means, with respect to a\n ------------------------------------------ \nparticular Site, the Actual Operating Cash Flow for the Site divided by the\nTarget Operating Cash Flow for that Site, with the result multiplied by 100, as\ndetermined by the Company.\n\n 1.38 \"Participating Employer\" means the Company and any Affiliated Entity\n ---------------------- \nthat the Company determines shall participate in the Plan.\n\n 1.39 \"Pay Grade\" means those jobs sharing a common salary range, as\n --------- \ndesignated by the Company. If the Pay Grade of an Employee changes during a Plan\nYear, the bonus payable to such Employee shall be calculated on a pro rata basis\nin accordance with the provisions of Section 6.1.\n\n 1.40 \"Performance Bonus\" means, with respect to each Site and Unit, the\n ----------------- \nbonus payable to an Employee based on the performance of such Employee's Site\nTeam and Unit, as set forth in Section 3.1.\n\n 5\n\n \n 1.41 \"Performance Distribution Guidelines\" means the percent of all\n ----------------------------------- \nsalaried Employees classified in each of the Company's designated performance\ncategories as assigned by the Company.\n\n 1.42 \"Performance Rating Category\" means one of the following categories\n --------------------------- \nused to classify the performance of Employees and Teams in accordance with the\nCompany's performance management system: \"Exceptional,\" \"Exceeds Expectations,\"\n\"Meets Expectations,\" and \"Needs Development.\"\n\n 1.43 \"Personal Performance Bonus\" means the bonus payable to an Employee\n -------------------------- \nbased on the individual performance of such Employee, as set forth in Section\n4.2.\n\n 1.44 \"Personal Performance Percentage\" means the percentage determined by\n ------------------------------- \nthe Company that shall apply to each Employee in accordance with Table II in\nSection 4.1.\n\n 1.45 \"Plan Year\" means the calendar year.\n --------- \n\n 1.46 \"Position(s)\" means the defined job(s) held by an Employee during the\n ----------- \nPlan Year.\n\n 1.47 \"Processing Cost per Ton\/Tonne Performance Percentage\" means, with\n ---------------------------------------------------- \nrespect to a particular Site with milling and leaching, the sum of (a) one plus\nthe quotient of Target Milling Cost per Ton\/Tonne for the Site minus the Actual\nMilling Cost per Ton\/Tonne for that Site, divided by the Target Milling Cost per\nTon\/Tonne for that Site, plus (b) one plus the quotient of Target Leaching Cost\nper Ton\/Tonne for the Site minus the Actual Leaching Cost per Ton\/Tonne for that\nSite, divided by the Target Leaching Cost per Ton\/Tonne, with the result divided\nby 2 and then multiplied by 100, as determined by the Company. For a Site with\njust milling, it means the calculation in (a), with the result multiplied by\n100. For a Site with just leaching, it means the calculation in (b), with the\nresult multiplied by 100.\n\n 1.48 \"Retirement\" means termination of employment with the Company and\/or\n ---------- \nall Participating Employers by an Employee who immediately begins to receive\nbenefits from a defined benefit plan of the Company or a Participating Employer.\n\n 1.49 \"Severance\" means the termination of employment with the Company\n --------- \nand\/or all Participating Employers because of an event entitling the Employee to\nbenefits under the terms of the Severance Pay Plan of Newmont Gold Company or\nthe Company if the Employee immediately begins receiving benefits under the\nterms of the Severance Pay Plan.\n\n 1.50 \"Site\" means the mining location to which an Eligible Employee is\n ---- \nassigned for purposes of Article III.\n\n 1.51 \"Site Support Cost Percentage\" means, with respect to a particular\n ---------------------------- \nSite, one plus the quotient of Target Support Cost for that Site, minus the\nActual Support Cost for that Site, divided by the Target Support Cost for that\nSite, with the result multiplied by 100, as determined by the Company.\n\n 1.52 \"Site Team\" means either the Mining, Processing or Support Team to\n --------- \nwhich an Eligible Employee is assigned at a Site or Unit for purposes of Article\nIII.\n\n 6\n\n \n 1.53 \"Support Cost\" means the cost of supporting the mining activities at a\n ------------ \nparticular Site or Sites as determined by the Company and approved by the\nCompensation Committee.\n\n 1.54 \"Support Cost Performance Percentage\" means generally, with respect to\n ----------------------------------- \na particular Site, the sum of (a) the Site Support Cost Percentage, plus (b) the\nMining Cost per Ton\/Tonne Percentage, plus (c) the Processing Cost per Ton\/Tonne\nPercentage, divided by 3, as determined by the Company. In the case of the\nNevada Support Team, the Mining Cost per Ton\/Tonne Percentage and Processing\nCost per Ton\/Tonne Percentage shall be those as determined by the three mining\nSites serviced by that Support Team and the sum of those Mining Cost per\nTon\/Tonne Percentages and Processing Cost per Ton\/Tonne Percentages, plus the\nSite Support Cost Percentage for the Nevada Operation, shall be divided by 7\nrather than 3. In the case of the other Site Support Teams, the Support Cost\nPercentage shall be determined by adding to the Site Support Cost Percentage,\nthe applicable Mining Cost per Ton\/Tonne Percentage and\/or Processing Cost per\nTon\/Tonne Percentage and dividing the sum by the number of elements in the\nnumerator.\n\n 1.55 \"Surface Mining Cost per Ton\/Tonne\" means, with respect to a\n --------------------------------- \nparticular Site, the total surface mining costs for that Site divided by the\ntotal surface tons\/tonnes mined, as determined by the Company.\n\n 1.56 \"Target Cash Flow per Share\" means the target Cash Flow per Share\n -------------------------- \nestablished by the Compensation Committee for the year.\n\n 1.57 \"Target Earnings Per Share\" means the target Earnings Per Share for a\n ------------------------- \nPlan Year (but not in excess of $2.00) as established by the Compensation\nCommittee.\n\n 1.58 \"Target Leaching Cost per Ton\/Tonne\" means, with respect to a\n ---------------------------------- \nparticular Site, the target Leaching Cost per Ton\/Tonne for that Site\nestablished by the Compensation Committee for the year.\n\n 1.59 \"Target Milling Cost per Ton\/Tonne\" means, with respect to a\n --------------------------------- \nparticular Site, the target Milling Cost per Ton\/Tonne for that Site established\nby the Compensation Committee for the year.\n\n 1.60 \"Target Operating Cash Flow\" means, with respect to a particular Site,\n -------------------------- \nthe target Operating Cash Flow for that Site established by the Compensation\nCommittee for the year.\n\n 1.61 \"Target Support Cost\" means, with respect to a particular Site, the\n ------------------- \ntarget Support Cost for that Site established by the Compensation Committee for\nthe year.\n\n 1.62 \"Target Surface Mining Cost per Ton\/Tonne\" means, with respect to a\n ---------------------------------------- \nparticular Site, the target Surface Mining Cost per Ton\/Tonne for that Site\nestablished by the Compensation Committee for the year.\n\n 1.63 \"Target Total Consolidated Cost per Equivalent Ounce\" means the target\n --------------------------------------------------- \nTotal Consolidated Cost per Equivalent Ounce established by the Compensation\nCommittee for the year.\n\n 7\n\n \n 1.64 \"Target Total Cost per Ounce\" means, with respect to a particular\n --------------------------- \nSite, the target Total Cost per Ounce (or pound, as applicable) for that Site\nestablished by the Compensation Committee for the year.\n\n 1.65 \"Target Underground Mining Cost per Ton\" means, with respect to a\n -------------------------------------- \nparticular Site, the target Underground Mining Cost per Ton for that Site\nestablished by the Compensation Committee for the year.\n\n 1.66 \"Team\" means the designated group of Employees to which an Employee is\n ---- \nassigned for purposes of Article V. Each Employee shall be assigned to a Team\nwithin 30 days of the date the Employee becomes eligible for participation in\nthe Plan.\n\n 1.67 \"Team Performance Bonus\" means the bonus payable to an Employee\n ---------------------- \ndesignated as a member of an Exploration Team, or any other Team designated by\nthe Compensation Committee, based on the performance of the Team of which the\nEmployee is a member, as set forth in Section 5.2.\n\n 1.68 \"Team Performance Percentage\" means the percentage to be applied to\n --------------------------- \ndetermine the Team Performance Bonus in accordance with the provisions of\nArticle V, which percentage shall be determined by the appropriate officer of\nthe Company pursuant to Section 5.1.\n\n 1.69 \"Terminated Eligible Employee\" means an Employee who terminates\n ---------------------------- \nemployment with the Company and\/or a Participating Employer during the Plan Year\non account of death, Retirement, Disability, or Severance. The Vice President of\nHuman Resources of the Company or NGC may, in his sole discretion, also\ndesignate in writing other Employees who terminate employment during the Plan\nYear under other circumstances as \"Terminated Eligible Employees\".\n\n 1.70 \"Total Consolidated Cost per Equivalent Ounce\" shall be determined\n -------------------------------------------- \nbased upon the Gold Institute Standard plus G&A divided by the equivalent equity\nounces produced, with copper converted to gold based upon $300 per ounce gold\nand $.80 per ounce copper, as determined by the Company.\n\n 1.71 \"Total Consolidated Cost per Equivalent Ounce Performance Percentage\"\n ------------------------------------------------------------------- \nmeans one plus the quotient of the Target Total Consolidated Cost per Equivalent\nOunce minus the Actual Total Consolidated Cost per Equivalent Ounce for the year\ndivided by the Target Total Consolidated Cost per Equivalent Ounce, with the\nresult multiplied by 100, as determined by the Company.\n\n 1.72 \"Total Cost per Ounce\" means, with respect to a particular Site, the\n -------------------- \ntotal cost per ounce for the Site as reported using the Gold Institute Standard,\nexcept foreign currency translation gains or losses shall be excluded and the\ntotal costs shall be adjusted for byproduct gold credit at budgeted price. In\nthe case of the Batu Hijau Site, the total cost shall be calculated on a total\ncost per pound basis. The Total Cost per Ounce shall be determined by the\nCompany.\n\n 1.73 \"Total Cost per Ounce Performance Percentage\" means, with respect to a\n ------------------------------------------- \nparticular Site, one plus the quotient of Target Total Cost per Ounce for that\nSite minus the Actual Total Cost per Ounce for that Site for the year, divided\nby the Target Total Cost per Ounce for that Site, with the result multiplied by\n100, as determined by the Company. In the case of the Batu Hijau Site, the\npercentage will be the total cost per pound percentage.\n\n 8\n\n \n 1.74 \"Underground Mining Cost per Ton\" means, with respect to a particular\n ------------------------------- \nSite, the total underground mining costs for that Site divided by the total\nunderground tons mined.\n\n 1.75 \"Unit\" means the unit of Employees to which an Employee is assigned\n ---- \nfor purposes of Article III. Each Employee shall be assigned to a Unit within 30\ndays of the date the Employee becomes eligible for participation in the Plan.\n\n 1.76 \"Uzbekistan Unit\" means those Employees whose Area of Primary\n --------------- \nResponsibility is the Company's Zarafshan-Newmont operations in Uzbekistan.\n\n ARTICLE II\n ----------\n\n ELIGIBILITY\n -----------\n\n All Employees of the Company and\/or a Participating Employer are\npotentially eligible to receive a bonus payment under the Plan, provided (i)\nthey are on the payroll of the Company and\/or a Participating Employer as of the\nlast day of the Plan Year, or (ii) they are a Terminated Eligible Employee with\nrespect to such Plan Year. Employees who are on short-term disability under the\nCompany's short-term disability policy or not working because of a work-related\ninjury as of the last day of the Plan Year shall be eligible to receive a bonus\nunder clause (i). Notwithstanding the foregoing provisions of this Article II,\nthe Compensation Committee may, prior to the end of any Plan Year, exclude from\neligibility for participation under this Plan with respect to such Plan Year any\nEmployee or Employees, as the Compensation Committee may determine in its sole\ndiscretion.\n\n ARTICLE III\n -----------\n\n PERFORMANCE BONUS\n -----------------\n\n 3.1 Determination of Performance Bonus. For each Plan Year, the\n ---------------------------------- \nPerformance Bonus for each Eligible Employee will be determined pursuant to the\nfollowing provisions:\n (a) The appropriate weighting factors and performance factors for\n each Eligible Employee shall be determined in accordance with\n Appendix A, depending upon the Eligible Employee's Pay Grade,\n Site Team and Unit. The applicable weighting factor for each\n performance factor for each Eligible Employee shall then be\n multiplied by the applicable Bonus Payout as a Percentage of\n Target percentage in subsection (d) below and the results summed\n to determine the aggregate Performance Bonus percentage for each\n Eligible Employee for the year or, in the case of Pay Grades 102\n and below, for the Team Performance Bonus percentage for the\n applicable calendar quarter. For example, if an Eligible Employee\n is assigned to the Mining Site Team at a particular location, and\n if the Eligible Employee is in Pay Grade 102 or below, the\n Eligible Employee's quarterly Team Performance Bonus would be\n determined by converting the Mining Cost per Ton Performance\n Percentage for that Site pursuant to the Bonus Payout Schedule\n set forth below in subsection (d) and then multiplying that\n result by 75%. That\n\n 9\n\n \n percentage shall then be multiplied times (a) the applicable\n Target Performance level from the table set forth below in\n Section 3.2 and by (b) the Eligible Employee's Bonus Eligible\n Earnings for the quarter. The remainder of the bonus, determined\n on an annual basis, would be determined by converting the Total\n Cost per Ounce Performance Percentage for that Site pursuant to\n the Bonus Payout Schedule set forth below in subsection (d) and\n then multiplying that result by 10%, converting the Operating\n Cash Flow Performance Percentage for that Site pursuant to the\n Bonus Payout Schedule set forth below in subsection (d) and then\n multiplying that result by 10%, converting the Cash Flow per\n Share Performance Percentage for that Site pursuant to the Bonus\n Payout Schedule set forth below in subsection (d) and then\n multiplying that result by 5% and adding the resultant amounts to\n determine the percentage that shall then be multiplied times (a)\n the applicable Target Performance level from the table set forth\n below in Section 3.2 and by (b) the Eligible Employee's Bonus\n Eligible Earnings.\n\n (b) When calculating Performance Percentages, there is a cap of 120%\n for each percentage calculated.\n\n (c) If an Eligible Employee changes Pay Grades, Teams, Sites or Units\n during the year, a prorata calculation shall be made based upon\n the number of days spent in each applicable Pay Grade, job, Team,\n Site or Unit, as applicable.\n\n (d) SCHEDULE\n --------\n ------------------------------------------------------------\n Performance Bonus Payout\n ------------------------------------------------------------ \n Percentage as a Percent of Target\n ------------------------------------------------------------ \n 100 (Target) 100%\n ------------------------------------------------------------ \n 105 125%\n ------------------------------------------------------------ \n 110 150%\n ------------------------------------------------------------ \n 115 175%\n ------------------------------------------------------------ \n 120 or more 200%\n -------------------------------------------------------------\n\nIf the Performance Percentage of a measure falls below 100, the Bonus Payout as\na Percent of Target shall be the same as the Performance Percentage. If the\nPerformance Percentage of a measure falls between the various Performance\nPercentages set forth in the foregoing Schedule, then the Bonus Payout as a\nPercent of Target percentages set forth in the foregoing Schedule shall be\ninterpolated so that such percentage bears the same relationship to the\nPerformance Bonus as a Percent of Target percentages for the two closest\nPerformance Percentages.\n\n The Compensation Committee may, in its sole discretion, adjust the\nPerformance Percentage of any measure or otherwise increase the Performance\nBonus otherwise payable in order to reflect changed circum`stances or such other\nmatters as the Compensation Committee deems appropriate.\n\n 3.2 Determination of Target Performance Level. An Employee's Target\n ----------------------------------------- \nPerformance Level is determined by the Employee's Pay Grade pursuant to the\nfollowing Table I (Table IA for Employees designated as members of an\nExploration Team or other Team):\n\n 10\n\n \n TABLE I\n -------\n Non-Team\n -------------------------------------------\n Pay Target\n Grade Performance Level \n 203 67%\n 202 40%\n 200-201 33%\n 113-114 27%\n 111-112 20%\n 110 17%\n 109 13%\n 107-108 15%\n 105-106 10%\n 103-104 5%\n 11-102 5% \n ------------------------------------------- \n\n\n TABLE IA\n --------\n Team\n ------------------------------------------- \n Pay Target\n Grade Performance Level \n 113-203 N\/A\n 111-112 10.000%\n 110 7.500%\n 109 5.000%\n 107-108 6.000%\n 105-106 4.130%\n 103-104 2.500%\n 11-102 2.500%\n\n -------------------------------------------\n\n 3.3 Terminated Eligible Employees. Terminated Eligible Employees shall be\n -----------------------------\neligible to receive a Performance Bonus based upon the target performance\ncriteria applicable to such Eligible Employees from Appendix A for the\napplicable Team, Site and Unit.\n\n ARTICLE IV\n ----------\n\n PERSONAL PERFORMANCE BONUS\n --------------------------\n\n 4.1 Personal Performance Level. At the end of the Plan Year, each\n --------------------------\nEmployee's supervisor will evaluate the Employee and rate the Employee's\npersonal performance level. The Personal Performance Bonus for the Chairman and\nChief Executive Officer of the Company shall be determined by the Compensation\nCommittee. In accordance with the Company's performance management system, the\nsupervisor will rate the degree to which the Employee met the Key Objectives\nthat were established for the Employee during the Plan Year. Each Employee will\nbe rated by the Employee's supervisor in one of the Company's Performance Rating\nCategories. In\n\n 11\n\n \nconjunction with these ratings, the Company will assign a Personal Performance\nPercentage for the Employee from within the applicable ranges set forth in the\nfollowing Table II. The distribution of Personal Performance Ratings and\nPersonal Performance Percentages will be reviewed annually by an executive\nreview committee for internal equity and consistency.\n\n TABLE II\n --------\n\n--------------------------------------------------------------------------------\n \n Performance Rating Category Personal Performance Percentages\n (Percentage of Target\n Performance Bonus Payable)\n--------------------------------------------------------------------------------\n Exceptional 151%-200%\n--------------------------------------------------------------------------------\n Exceeds Expectations 101%-150%\n--------------------------------------------------------------------------------\n Meets Expectations 26%-100%\n--------------------------------------------------------------------------------\n Needs Development 0%-25%\n--------------------------------------------------------------------------------\n\n 4.2 Determination of Personal Performance Bonus. Subject to Section 4.3,\n -------------------------------------------\nan Employee's Personal Performance Bonus is calculated by multiplying (x) the\nEmployee's Bonus Eligible Earnings by (y) the Personal Performance Percentage\ndetermined pursuant to Section 4.1 and (z) multiplying that product by the\napplicable Target Personal Performance Level, as set forth in the following\nTable III (Table IIIA for Employees designated as members of an Exploration Team\nor other Team):\n\n TABLE III\n ---------\n Non-Team\n ------------------------------------------- \n Pay Target\n Grade Performance Level \n 203 33.00%\n 202 20.00%\n 200-201 17.00%\n 113-114 13.00%\n 111-112 10.00%\n 110 8.00%\n 109 7.00%\n 107-108 9.00%\n 105-106 6.50%\n 103-104 4.00%\n 11-102 N\/A\n ------------------------------------------- \n\n 12\n\n \n TABLE IIIA\n ----------\n Team\n ------------------------------------------- \n Pay Target\n Grade Performance Level \n 113-203 N\/A\n 111-112 10.000%\n 110 7.500%\n 109 5.000%\n 107-108 6.000%\n 105-106 4.130%\n 103-104 2.000% \n 11-102 N\/A\n ------------------------------------------- \n\n 4.3 Proration of Certain Bonuses. Notwithstanding any other provision in\n ----------------------------\nthis ARTICLE IV, except as approved by the Compensation Committee prior to the\npayment of Personal Performance Bonuses, or subsequently thereto by\nratification, the amount of the Personal Performance Bonuses payable to all\nEmployees of the Company and all Participating Employers in Pay Grades 103 - 202\nmay not exceed the amount that would be payable to all such Employees if each of\ntheir Personal Performance Percentages were determined to be 100%.\n\n 4.4 Terminated Eligible Employees. Terminated Eligible Employees shall be\n -----------------------------\neligible to receive a Personal Performance Bonus based upon an assumed Personal\nPerformance Percentage of 100%.\n\n 4.5 Ineligible Employees. Employees with a Pay Grade 102 and below and\n --------------------\nEmployees whose Personal Performance Percentage (determined pursuant to Section\n4.1) is less than 25% shall not be eligible to receive a Personal Performance\nBonus.\n\n ARTICLE V\n ---------\n\n TEAM PERFORMANCE BONUS\n ----------------------\n\n 5.1 Team Performance LEvel. This ARTICLE V shall be applicable only to\n ----------------------\nEmployees designated as members of an Exploration Team, or other Team. At the\nend of the Plan Year, the Vice Presidents responsible for each Team will make an\nassessment of the performance of their respective Teams. The overall Team\nPerformance Ratings for each Company officer responsible for one or more Teams\nwill be determined by the appropriate Senior Vice President or the Chief\nExecutive Officer of the Company or NGC. In accordance with the Company's\nperformance management system, such officer will rate the degree to which the\nTeam met the Key Objectives that were established for the Team during the Plan\nYear. Each Team will be rated in one of the Company's Performance Rating\nCategories. In conjunction with these ratings, each such officer will assign a\nTeam Performance Percentage for their respective Teams in accordance with Table\nII in Section 4.1. If the Team Performance Level of a Team is less than 25%, the\nEmployees assigned to the Team will not receive a Team Performance Bonus. The\npercentages shown in the \"Target Performance Level\" category specified in the\nTable set forth below in Section 5.2 shall be multiplied\n\n 13\n\n \nby the Team's Team Performance Percentage to determine the applicable percentage\nfor calculating the Team Performance Bonus of the Employees from each Team.\n\n 5.2 Determination of Team Performance Bonus. Subject to Section 5.4, an\n ---------------------------------------\nEmployee's Team Performance Bonus is calculated by multiplying (x) the\nEmployee's Bonus Eligible Earnings by (y) the Team Performance Percentage\ndetermined pursuant to Section 5.1 and (z) multiplying that product by the\napplicable Target Team Performance Level, as set forth in the following Table\nIV:\n\n TABLE IV\n --------\n\n ------------------------------------------- \n Pay Target\n Grade Performance Level \n ------------------------------------------- \n 113-203 N\/A\n 111-112 20.000%\n 110 15.000% \n 109 10.000% \n 107-108 12.000% \n 105-106 8.250% \n 103-104 4.500% \n 11-102 2.500% \n ------------------------------------------- \n\n 5.3 Terminated Eligible Employees. Terminated Eligible Employees shall be\n -----------------------------\neligible to receive a Team Performance Bonus based upon the target Team\nPerformance Percentage for the applicable Team.\n\n 5.4 Proration of Certain Team Performance Bonuses. Notwithstanding any\n ---------------------------------------------\nother provision in this Article V, except as approved by the Compensation\nCommittee prior to the payment of Team Performance Bonuses, or subsequently\nthereto by ratification, the amount of Team Performance Bonuses payable to all\nEmployees of the Company and all Participating Employers in Pay Grades 112 and\nbelow shall not exceed the amount that would be payable to all such Employees if\nthe Team Performance Percentages applicable to all such Employees were\ndetermined to be 100%.\n\n ARTICLE VI\n ----------\n\n PAYMENT OF BONUS\n ----------------\n\n 6.1 Pay Grade. The bonus payable to an eligible Employee who was in more\n ---------\nthan one Pay Grade during the Plan Year shall be calculated on a pro-rata basis\nin accordance with the amount of time spent by such Employee in each Pay Grade\nduring the Plan Year.\n\n 6.2 Multiple Teams. The bonus payable to an eligible Employee who was in\n --------------\nmore than one Team during the Plan Year shall be calculated on a pro-rata basis\nin accordance with the amount of time spent by such Employee in each Team during\nthe Plan Year.\n\n 14\n\n \n 6.3 Multiple Units or Sites. The bonus payable to an eligible Employee who\n -----------------------\nwas in more than one Unit during the Plan Year shall be calculated on a pro-rata\nbasis in accordance with the amount of time spent by such Employee in each Unit\nduring the Plan Year.\n\n 6.4 Time and Method of Payment. The aggregate of any and all bonuses\n --------------------------\npayable under the Plan shall be payable to each eligible Employee and Terminated\nEligible Employee in cash as soon as practicable following the close of the Plan\nYear, provided, however, the Team portion of the Performance Bonus for Employees\nassigned to Sites in pay grades 102 and below shall be calculated and paid on a\ncalendar quarter basis and shall be calculated on a quarter-by-quarter stand-\nalone basis so that each quarter?s performance is calculated, and a bonus paid\nattributable thereto, separately.\n\n 6.5 Withholding Taxes. All bonuses payable hereunder shall be subject to\n -----------------\nthe withholding of such amounts as the Company may determine is required to be\nwithheld pursuant to any applicable federal, state or local law or regulation.\n\n ARTICLE VII\n -----------\n\n CHANGE OF CONTROL\n -----------------\n\n 7.1 In General. In the event of a Change of Control, each eligible\n ----------\nEmployee (including Terminated Eligible Employees who terminate employment\nduring the Plan Year in which the Change of Control occurs) shall become\nentitled to the payment of a Unit Performance Bonus, a Personal Performance\nBonus and a Team Performance Bonus in accordance with the provisions of this\nArticle.\n\n 7.2 Calculation of Bonuses. Upon a Change of Control, each eligible\n ----------------------\nEmployee, together with each Terminated Eligible Employee, shall become entitled\nto the payment of (i) a Performance Bonus calculated on the basis of a\nPerformance Percentage equal to the greater of the actual results attained for\nthe Plan Year or the applicable Targets for such Plan Year, (ii) a Personal\nPerformance Bonus calculated on the basis of a Personal Performance Percentage\nequal to the greater of the actual Personal Performance Percentage for the Plan\nYear or the applicable Target Personal Performance Percentage for such Plan\nYear, and (iii) each such Employee and Terminated Eligible Employee who is a\nmember of an Exploration Team, or other Team, shall be entitled to the payment\nof a Team Performance Bonus based upon the greater of the actual Team\nPerformance Percentage for such Plan Year or the applicable Target Team\nPerformance Percentage for such Plan Year. If a Change of Control occurs prior\nto the time that the Compensation Committee has established the targets for the\nPlan Year, such percentages shall be based upon the corresponding percentages\nfor the immediately preceding Plan Year.\n\n 7.3 Payment of Bonuses. The bonuses payable in accordance with the\n ------------------\nprovisions of this Article VII shall be calculated and paid as soon as\npracticable following the date of the Change of Control, but in no event later\nthan the sixtieth day after the date of the Change of Control. Such payments\nshall be subject to the withholding of such amounts as the Company may determine\nis required to be withheld pursuant to any applicable federal, state or local\nlaw or regulation. Upon the completion of such payments, Eligible Employees and\nTerminated Eligible Employees shall have no further right to the payment of any\nbonus hereunder (other than any bonus payable hereunder with respect to a\nprevious Plan Year that has not yet been paid) and this Plan shall terminate.\n\n 15\n\n \n ARTICLE VIII\n ------------\n\n GENERAL PROVISIONS\n ------------------\n\n 8.1 Administration. The Plan will be administered by the Compensation\n --------------\nCommittee or its delegatees. The Compensation Committee shall interpret the\nprovisions of the Plan in its full and absolute discretion. The determinations\nof the Compensation Committee with respect to the Plan shall be conclusive. All\nexpenses of the Company in administering the Plan shall be borne by the Company.\n\n 8.2 Plan Unfunded. The Plan shall be unfunded and no trust or other\n -------------\nfunding mechanism shall be established for the Plan. All benefits to be paid\npursuant to the Plan shall be paid by the Company from its general assets and an\nEmployee (or his heir or devisee) shall not have any greater rights than a\ngeneral, unsecured creditor against the Company for any benefit hereunder.\n\n 8.3 Participation in Plan by Affiliates. Any Affiliated Entity shall\n -----------------------------------\nbecome a party to this Plan and become a Participating Employer as determined by\nthe Company.\n\n 8.4 Amount Payable Upon Death of Employee. If an Employee who is entitled\n -------------------------------------\nto payment hereunder dies before receiving full payment of the amount due, such\namount shall be paid as soon as practicable after the close of the Plan Year, in\na cash lump sum, to the beneficiary or beneficiaries designated by the Employee\nto receive life insurance proceeds under the Company's life insurance plan. In\nthe absence of an effective beneficiary designation under said plan, any amount\npayable hereunder following the death of an Employee shall be paid to the\nEmployee's estate.\n\n 8.5 Right of Offset. To the extent permitted by applicable law, the\n ---------------\nCompany may, in its sole discretion, apply any bonus payments otherwise due and\npayable under this Plan against any Employee loans outstanding to the Company or\nother debts of the Employee to the Company.\n\n 8.6 Amendments, Termination, Etc. The Board, upon the recommendation of\n ----------------------------\nthe Compensation Committee, may at any time amend, modify, suspend or terminate\nthe Plan, provided, however, that the Compensation Committee may, consistent\nwith its administrative powers, waive or adjust provisions of the Plan as it\ndetermines necessary from time to time.\n\n 8.7 Payments Due Minors or Incapacitated Persons. If any person entitled\n --------------------------------------------\nto a payment under the Plan is a minor, or if the Compensation Committee\ndetermines that any such person is incapacitated by reason of physical or mental\ndisability, whether or not legally adjudicated as an incompetent, the\nCompensation Committee shall have the power to cause the payment becoming due to\nsuch person to be made to another for his benefit, without responsibility of the\nCompensation Committee, the Company, or any other person or entity to see to the\napplication of such payment. Payments made pursuant to such power shall operate\nas a complete discharge of the Compensation Committee, the Plan and the Company.\n\n 8.8 Section Headings. The Section headings are included herein only for\n ----------------\nconvenience, and they shall have no effect on the interpretation of the Plan.\n\n\n 16\n\n \n 8.9 Severability. If any article, section, subsection or specific\n ------------\nprovision is found to be illegal or invalid for any reason, such illegality or\ninvalidity shall not affect the remaining provisions of the Plan, and the Plan\n shall be construed and enforced as if such illegal and invalid provision had\n never been set forth in the Plan.\n\n 8.10 No Right to Employment. The establishment of this Plan shall not be\n ----------------------\ndeemed to confer upon any person any legal right to be employed by, or to be\nretained in the employ of, the Company or any Affiliated Entity, or to give any\nEmployee or any person any right to receive any payment whatsoever, except as\nprovided under this Plan. All Employees shall remain subject to discharge from\nemployment to the same extent as if this Plan had never been adopted.\n\n 8.11 Transferability. Any bonus payable hereunder is personal to the\n ---------------\nEmployee and may not be sold, exchanged, transferred, pledged, assigned or\notherwise disposed of except by will or by the laws of descent and distribution.\n\n 8.12 Successors. This Plan shall be binding upon and inure to the benefit\n ----------\nof the Company, the Participating Employers and the Employees and their\nrespective heirs, representatives and successors.\n\n 8.13 Governing Law. The Plan and all agreements hereunder shall be\n -------------\nconstrued in accordance with and governed by the laws of the State of Colorado,\nunless superseded by federal law.\n\n Adopted as of January 1, 2000\n\n NEWMONT MINING CORPORATION\n\n\n By: \/s\/ Timothy J. Schmitt\n -----------------------\n Timothy J. Schmitt\n Vice President\n\n 17\n\n \n APPENDIX A\n\n<\/pre>\n
\n\n——————————————————————————————————————————-
\n Site Team Business Unit Corporate
\n (Mining, Processing, Support) (Operating Sites & Nevada)
\n Pay Grade Total Cost\/ton (ne) Total Cost\/oz. Operating
\n or Total Cost or lb. Cash Flow Cash Flow per Share
\n——————————————————————————————————————————-
\n
\nFront Line 102 & below 75% 10% 10% 5%
\n——————————————————————————————————————————-
\nSupervisor 103 – 106 45% 40% 10% 5%
\n——————————————————————————————————————————-
\nManager 107 – 109 40% 40% 20%
\n——————————————————————————————————————————-
\nGM\/VP 110 – 114 30% 40% 30%
\n——————————————————————————————————————————-
\n<\/c><\/c><\/c><\/s><\/caption>\n<\/table>\n\n\n——————————————————————————————————————————-
\n Consolidated Corporate Performance
\n——————————————————————————————————————————-
\n Total Cost \/ Equivalent Oz. Cash Flow per Share Earnings per Share
\n (including Corporate G&A)
\n——————————————————————————————————————————-
\n
\nNon-Site All Levels 70% 20% 10%
\n——————————————————————————————————————————-
\n<\/c><\/c><\/c><\/s><\/caption>\n<\/table>\n 18<\/p>\n","protected":false},"template":"","meta":{"_acf_changed":false,"_stopmodifiedupdate":true,"_modified_date":"","_cloudinary_featured_overwrite":false},"corporate_contracts_companies":[8347],"corporate_contracts_industries":[9483],"corporate_contracts_types":[9539,9546],"class_list":["post-38528","corporate_contracts","type-corporate_contracts","status-publish","hentry","corporate_contracts_companies-newmont-mining-corp","corporate_contracts_industries-materials__metals","corporate_contracts_types-compensation","corporate_contracts_types-compensation__incentive"],"acf":[],"_links":{"self":[{"href":"https:\/\/corporate.findlaw.com\/legal-api\/wp-json\/wp\/v2\/corporate_contracts\/38528","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/corporate.findlaw.com\/legal-api\/wp-json\/wp\/v2\/corporate_contracts"}],"about":[{"href":"https:\/\/corporate.findlaw.com\/legal-api\/wp-json\/wp\/v2\/types\/corporate_contracts"}],"wp:attachment":[{"href":"https:\/\/corporate.findlaw.com\/legal-api\/wp-json\/wp\/v2\/media?parent=38528"}],"wp:term":[{"taxonomy":"corporate_contracts_companies","embeddable":true,"href":"https:\/\/corporate.findlaw.com\/legal-api\/wp-json\/wp\/v2\/corporate_contracts_companies?post=38528"},{"taxonomy":"corporate_contracts_industries","embeddable":true,"href":"https:\/\/corporate.findlaw.com\/legal-api\/wp-json\/wp\/v2\/corporate_contracts_industries?post=38528"},{"taxonomy":"corporate_contracts_types","embeddable":true,"href":"https:\/\/corporate.findlaw.com\/legal-api\/wp-json\/wp\/v2\/corporate_contracts_types?post=38528"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}