{"id":40839,"date":"2015-09-17T11:25:58","date_gmt":"2015-09-17T16:25:58","guid":{"rendered":"https:\/\/content.findlaw-admin.com\/ability-legal\/contracts\/uncategorized\/insider-trading-policy-harsco-corp.html"},"modified":"2015-09-17T11:25:58","modified_gmt":"2015-09-17T16:25:58","slug":"insider-trading-policy-harsco-corp","status":"publish","type":"corporate_contracts","link":"https:\/\/corporate.findlaw.com\/contracts\/corporate\/insider-trading-policy-harsco-corp.html","title":{"rendered":"Insider Trading Policy &#8211; Harsco Corp."},"content":{"rendered":"<p align=\"center\"><strong><em>GLOBAL FINANCIAL ACCOUNTING,<br \/>\nREPORTING<\/em><\/strong><\/p>\n<p align=\"center\">\n<p align=\"center\"><strong><em>AND GENERAL MANUAL<\/em><\/strong><\/p>\n<p align=\"center\">\n<p><strong>TITLE:<\/strong> INSIDER TRADING POLICY<\/p>\n<\/p>\n<p><strong>ISSUE DATE:<\/strong> 03-12-12<\/p>\n<\/p>\n<p><strong>EFFECTIVE DATE:<\/strong> 03-12-12<\/p>\n<\/p>\n<p><strong>REPLACES:<\/strong> 06-01-06<\/p>\n<\/p>\n<p><strong>ISSUED BY: MEK<\/strong><\/p>\n<\/p>\n<p><strong>AUTHORIZED BY: HWK<\/strong><\/p>\n<\/p>\n<hr>\n<p><strong><u>Introduction<\/u><\/strong><\/p>\n<\/p>\n<p>The purchase or sale of securities while aware of material nonpublic<br \/>\ninformation, or the disclosure of material nonpublic information to others who<br \/>\nthen trade in the Company&#8217;s securities, is prohibited by the federal securities<br \/>\nlaws. Insider trading violations are pursued vigorously by the U.S. Securities<br \/>\nand Exchange Commission (&#8220;SEC&#8221;) and the U.S. Attorney General153s office and are<br \/>\npunished severely. While the regulatory authorities concentrate their efforts on<br \/>\nthe individuals who trade, or who tip inside information to others who trade,<br \/>\nthe federal securities laws also impose potential liability on companies and<br \/>\nother &#8220;controlling persons&#8221; if they fail to take reasonable steps to prevent<br \/>\ninsider trading by company personnel.<\/p>\n<\/p>\n<p>The Company has adopted this Insider Trading Policy both to satisfy the<br \/>\nCompany&#8217;s obligation to prevent insider trading and to help Company personnel<br \/>\navoid the severe consequences associated with violations of the insider trading<br \/>\nlaws. The Insider Trading Policy also is intended to prevent even the appearance<br \/>\nof improper conduct on the part of anyone employed by or associated with the<br \/>\nCompany (not just so-called insiders).<\/p>\n<\/p>\n<p><strong><u>The Consequences<\/u><\/strong><\/p>\n<\/p>\n<p>The consequences of an insider trading violation can be severe:<\/p>\n<\/p>\n<p><em><u>Traders and Tippers.<\/u><\/em> Company personnel (or their tippees) who<br \/>\ntrade while in possession of inside information are subject to the following<br \/>\npenalties:<\/p>\n<\/p>\n<table style=\"width: 100%;\" width=\"100%\" cellpadding=\"0\" class=\" \" border=\"0\" cellspacing=\"0\">\n<tbody>\n<tr>\n<td width=\"48\" valign=\"top\">\n<p align=\"right\"> &#8211;<\/p>\n<\/td>\n<td valign=\"top\">\n<p>A criminal fine of up to $5,000,000 (no matter how small the profit);<\/p>\n<\/td>\n<\/tr>\n<tr>\n<td width=\"48\" valign=\"top\">\n<p align=\"right\"> &#8211;<\/p>\n<\/td>\n<td valign=\"top\">\n<p>A jail term of up to twenty years;<\/p>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/p>\n<table style=\"width: 100%;\" width=\"100%\" cellpadding=\"0\" class=\" \" border=\"0\" cellspacing=\"0\">\n<tbody>\n<tr>\n<td width=\"48\" valign=\"top\">\n<p align=\"right\"> &#8211;<\/p>\n<\/td>\n<td valign=\"top\">\n<p>Civil injunctions;<\/p>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<hr>\n<p align=\"center\"><strong>INSIDER TRADING POLICY<\/strong><\/p>\n<p align=\"center\">\n<hr>\n<table style=\"width: 100%;\" width=\"100%\" cellpadding=\"0\" class=\" \" border=\"0\" cellspacing=\"0\">\n<tbody>\n<tr>\n<td width=\"48\" valign=\"top\">\n<p align=\"right\"> &#8211;<\/p>\n<\/td>\n<td valign=\"top\">\n<p>Disgorgement of profits;<\/p>\n<\/td>\n<\/tr>\n<tr>\n<td width=\"48\" valign=\"top\">\n<p align=\"right\"> &#8211;<\/p>\n<\/td>\n<td valign=\"top\">\n<p>Civil fines for the person who committed the violation of up to three times<br \/>\nthe profit gained or loss avoided, whether or not the person actually benefited;<br \/>\nand<\/p>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/p>\n<table style=\"width: 100%;\" width=\"100%\" cellpadding=\"0\" class=\" \" border=\"0\" cellspacing=\"0\">\n<tbody>\n<tr>\n<td width=\"48\" valign=\"top\">\n<p align=\"right\"> &#8211;<\/p>\n<\/td>\n<td valign=\"top\">\n<p>Criminal penalties of up to twenty-five years in prison for knowingly<br \/>\nexecuting a &#8220;scheme or artifice to defraud any person&#8221; in connection with any<br \/>\nregistered securities.<\/p>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p>An employee who tips information to a person who then trades is subject to<br \/>\nthe same penalties as the tippee, even if the employee did not trade and did not<br \/>\nprofit from the tippee&#8217;s trading.<\/p>\n<\/p>\n<p><em><u>Control Persons<\/u><\/em><u>.<\/u> The Company and its supervisory<br \/>\npersonnel, if they fail to take appropriate steps to prevent illegal insider<br \/>\ntrading or knew or recklessly disregarded the fact that an employee or other<br \/>\nperson associated with the Company was likely to engage in insider trading<br \/>\nviolations, are subject to the following penalties:<\/p>\n<\/p>\n<table style=\"width: 100%;\" width=\"100%\" cellpadding=\"0\" class=\" \" border=\"0\" cellspacing=\"0\">\n<tbody>\n<tr>\n<td width=\"48\" valign=\"top\">\n<p align=\"right\"> &#8211;<\/p>\n<\/td>\n<td valign=\"top\">\n<p>A civil penalty of up to $1,000,000 or, if greater, three times the profit<br \/>\ngained or loss avoided as a result of the employee&#8217;s violation; and<\/p>\n<\/td>\n<\/tr>\n<tr>\n<td width=\"48\" valign=\"top\">\n<p align=\"right\"> &#8211;<\/p>\n<\/td>\n<td valign=\"top\">\n<p>A criminal penalty of up to $25,000,000 dollars.<\/p>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p><em><u>Company-Imposed Sanctions<\/u><\/em><u>.<\/u> An employee&#8217;s failure to<br \/>\ncomply with the Company&#8217;s insider trading policy may subject the employee to<br \/>\nCompany-imposed sanctions, including dismissal for cause, whether or not the<br \/>\nemployee&#8217;s failure to comply results in a violation of law. Needless to say, a<br \/>\nviolation of law, or even an SEC investigation that does not result in<br \/>\nprosecution, can tarnish one&#8217;s reputation and irreparably damage a career.<\/p>\n<\/p>\n<p><strong><u>General Restrictions<\/u><\/strong><\/p>\n<\/p>\n<p>It is the policy of the Company that no director, officer or other employee<br \/>\nof the Company who is aware of material nonpublic information relating to the<br \/>\nCompany may, directly or through family members or other persons or entities,<br \/>\n(a) buy or sell securities of the Company (other than pursuant to a pre-approved<br \/>\ntrading plan that complies with SEC Rule 10b5-1), or engage in any other action<br \/>\nto take personal advantage of that information, or (b) pass that information on<br \/>\nto others outside the Company, including family and friends. In addition, it is<br \/>\nthe policy of the Company that no director, officer or other employee of the<br \/>\nCompany who, in the course of working for the Company, learns of material<br \/>\nnonpublic information about a company with which the Company does business,<br \/>\nincluding a customer or supplier of the Company, may trade in that company&#8217;s<br \/>\nsecurities until the information becomes public or is no longer material.<\/p>\n<\/p>\n<p>The securities laws do not recognize any mitigating circumstances, and, in<br \/>\nany event, even the appearance of an improper transaction must be avoided to<br \/>\npreserve the Company&#8217;s reputation for adhering to the highest standards of<br \/>\nconduct.<\/p>\n<\/p>\n<hr>\n<p align=\"center\"><strong>INSIDER TRADING POLICY<\/strong><\/p>\n<p align=\"center\">\n<hr>\n<p><em><u>Disclosure of Information to Others.<\/u><\/em> The Company is required<br \/>\nunder Regulation FD (Fair Disclosure) of the federal securities laws to avoid<br \/>\nthe selective disclosure of material nonpublic information. The Company has<br \/>\nissued a policy for releasing material information in a manner that is designed<br \/>\nto achieve broad public dissemination of the information immediately upon its<br \/>\nrelease. You may not, therefore, disclose information to anyone outside the<br \/>\nCompany, including family members and friends, other than in accordance with<br \/>\nthose procedures. The guidelines are outlined in the <u>Investment Community<br \/>\nInformation Disclosure Guidelines Policy and Procedure<\/u>.<\/p>\n<\/p>\n<p><em><u>Material Information.<\/u><\/em> Material information is any information<br \/>\nthat a reasonable investor would consider important in making a decision to buy,<br \/>\nhold, or sell securities. Any information that could be expected to affect the<br \/>\nCompany&#8217;s stock price, whether it is positive or negative, should be considered<br \/>\nmaterial. Some examples of information that ordinarily would be regarded as<br \/>\nmaterial are:<\/p>\n<\/p>\n<table style=\"width: 100%;\" width=\"100%\" cellpadding=\"0\" class=\" \" border=\"0\" cellspacing=\"0\">\n<tbody>\n<tr>\n<td width=\"48\" valign=\"top\">\n<p align=\"right\"> &#8211;<\/p>\n<\/td>\n<td valign=\"top\">\n<p>Projections of future earnings or losses, or other earnings guidance;<\/p>\n<\/td>\n<\/tr>\n<tr>\n<td width=\"48\" valign=\"top\">\n<p align=\"right\"> &#8211;<\/p>\n<\/td>\n<td valign=\"top\">\n<p>Earnings that are inconsistent with the consensus expectations of the<br \/>\ninvestment community;<\/p>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/p>\n<table style=\"width: 100%;\" width=\"100%\" cellpadding=\"0\" class=\" \" border=\"0\" cellspacing=\"0\">\n<tbody>\n<tr>\n<td width=\"48\" valign=\"top\">\n<p align=\"right\"> &#8211;<\/p>\n<\/td>\n<td valign=\"top\">\n<p>A significant pending or proposed merger, acquisition or tender offer;<\/p>\n<\/td>\n<\/tr>\n<tr>\n<td width=\"48\" valign=\"top\">\n<p align=\"right\"> &#8211;<\/p>\n<\/td>\n<td valign=\"top\">\n<p>A pending or proposed acquisition or disposition of a significant asset;<\/p>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/p>\n<table style=\"width: 100%;\" width=\"100%\" cellpadding=\"0\" class=\" \" border=\"0\" cellspacing=\"0\">\n<tbody>\n<tr>\n<td width=\"48\" valign=\"top\">\n<p align=\"right\"> &#8211;<\/p>\n<\/td>\n<td valign=\"top\">\n<p>A change in dividend policy, the declaration of a stock split, or an offering<br \/>\nof additional securities;<\/p>\n<\/td>\n<\/tr>\n<tr>\n<td width=\"48\" valign=\"top\">\n<p align=\"right\"> &#8211;<\/p>\n<\/td>\n<td valign=\"top\">\n<p>A change in senior management;<\/p>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/p>\n<table style=\"width: 100%;\" width=\"100%\" cellpadding=\"0\" class=\" \" border=\"0\" cellspacing=\"0\">\n<tbody>\n<tr>\n<td width=\"48\" valign=\"top\">\n<p align=\"right\"> &#8211;<\/p>\n<\/td>\n<td valign=\"top\">\n<p>Development of a significant new product or process;<\/p>\n<\/td>\n<\/tr>\n<tr>\n<td width=\"48\" valign=\"top\">\n<p align=\"right\"> &#8211;<\/p>\n<\/td>\n<td valign=\"top\">\n<p>Impending bankruptcy or the existence of severe liquidity problems;<\/p>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/p>\n<table style=\"width: 100%;\" width=\"100%\" cellpadding=\"0\" class=\" \" border=\"0\" cellspacing=\"0\">\n<tbody>\n<tr>\n<td width=\"48\" valign=\"top\">\n<p align=\"right\"> &#8211;<\/p>\n<\/td>\n<td valign=\"top\">\n<p>Financial results that have not yet been published;<\/p>\n<\/td>\n<\/tr>\n<tr>\n<td width=\"48\" valign=\"top\">\n<p align=\"right\"> &#8211;<\/p>\n<\/td>\n<td valign=\"top\">\n<p>Significant regulatory proceedings and governmental investigations involving<br \/>\nthe Company; and<\/p>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/p>\n<table style=\"width: 100%;\" width=\"100%\" cellpadding=\"0\" class=\" \" border=\"0\" cellspacing=\"0\">\n<tbody>\n<tr>\n<td width=\"48\" valign=\"top\">\n<p align=\"right\"> &#8211;<\/p>\n<\/td>\n<td valign=\"top\">\n<p>The gain or loss of a significant customer or supplier.<\/p>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p>The above list is only illustrative; many other types of information may be<br \/>\nconsidered &#8220;material,&#8221; depending on the circumstances. The materiality of<br \/>\nparticular information is subject to reassessment on a regular basis. When in<br \/>\ndoubt, please contact the General Counsel.<\/p>\n<\/p>\n<p><em><u>Twenty-Twenty Hindsight.<\/u><\/em> Remember, anyone scrutinizing your<br \/>\ntransactions will be doing so after the fact, with the benefit of hindsight. As<br \/>\na practical matter, before engaging in any transaction, you should carefully<br \/>\nconsider how enforcement authorities and others might view the transaction in<br \/>\nhindsight.<\/p>\n<\/p>\n<hr>\n<p align=\"center\"><strong>INSIDER TRADING POLICY<\/strong><\/p>\n<p align=\"center\">\n<hr>\n<p><em><u>When Information is &#8220;Public&#8221;.<\/u><\/em> If you are aware of material<br \/>\nnonpublic information, you may not trade until the information has been<br \/>\ndisclosed broadly to the marketplace (such as by press release or an SEC filing)<br \/>\nand the investing public has had time to absorb the information fully. To avoid<br \/>\nthe appearance of impropriety, as a general rule, information should not be<br \/>\nconsidered fully absorbed by the marketplace until noon on the second business<br \/>\nday after the information is released. If, for example, the Company were to make<br \/>\nan announcement at the close of business on a Monday, you should not trade in<br \/>\nthe Company&#8217;s securities until noon on Wednesday. If an announcement were made<br \/>\nat the close of business on a Friday, noon on Tuesday generally would be the<br \/>\nfirst eligible trading day. Note that this restriction is <u>in addition<\/u> to<br \/>\nany other restrictions that apply under this policy, including the requirement<br \/>\nthat trades be pre-cleared (see below).<\/p>\n<\/p>\n<p><em><u>Transactions by Family Members.<\/u><\/em> The Insider Trading Policy<br \/>\nalso applies to your family members who reside with you, anyone else who lives<br \/>\nin your household, and any family members who do not live in your household but<br \/>\nwhose transactions in company securities are directed by you or are subject to<br \/>\nyour influence or control (such as parents or children who consult with you<br \/>\nbefore they trade in company securities). It also applies to partnerships in<br \/>\nwhich you are a general partner, corporations in which you either singly or<br \/>\ntogether with other &#8220;related persons&#8221; own a controlling interest, trusts or<br \/>\nwhich you are a trustee, settler or beneficiary, estates of which you are an<br \/>\nexecutor or beneficiary, or any other group or entity where the insider has or<br \/>\nshares with others the power to decide whether to buy Company stock. You are<br \/>\nresponsible for the transactions of these other persons and therefore should<br \/>\nmake them aware of the need to confer with you before they trade in the<br \/>\nCompany&#8217;s securities.<\/p>\n<\/p>\n<p><strong><u>Transactions Under Company Plans<\/u><\/strong><\/p>\n<\/p>\n<p><em><u>Stock Option Exercises.<\/u><\/em> The prohibitions of the policy apply<br \/>\nto any sale of stock as part of a broker-assisted cashless exercise of an<br \/>\noption, and any other market sale for the purpose of generating the cash needed<br \/>\nto pay the exercise price of an option. However, the Company&#8217;s insider trading<br \/>\npolicy does not apply solely to the exercise of an employee stock option, or to<br \/>\nsolely the exercise of a tax withholding right pursuant to which you elect to<br \/>\nhave the Company withhold shares subject to an option to satisfy tax withholding<br \/>\nrequirements, provided that a sale is not coupled with such exercise.<\/p>\n<\/p>\n<p><em><u>401(k) Plan.<\/u><\/em> The Company&#8217;s Insider Trading Policy does not<br \/>\napply to purchases of Company stock in the 401(k) plan resulting from your<br \/>\nperiodic contribution of money to the plan pursuant to your payroll deduction<br \/>\nelection. The policy does apply, however, to certain elections you may make<br \/>\nunder the 401(k) plan, including (a) an election to increase or decrease the<br \/>\npercentage of your periodic contributions that will be allocated to the Company<br \/>\nstock fund,<\/p>\n<\/p>\n<hr>\n<p align=\"center\"><strong>INSIDER TRADING POLICY<\/strong><\/p>\n<p align=\"center\">\n<hr>\n<p>(b) an election to make an intra-plan transfer of an existing account balance<br \/>\ninto or out of the Company stock fund, (c) an election to borrow money against<br \/>\nyour 401(k) plan account if the loan will result in a liquidation of some or all<br \/>\nof your Company stock fund balance, and (d) your election to pre-pay a plan loan<br \/>\nif the pre-payment will result in allocation of loan proceeds to the Company<br \/>\nstock fund.<\/p>\n<\/p>\n<p><em><u>Dividend Reinvestment Plan<\/u><\/em><u>.<\/u> The Company&#8217;s Insider<br \/>\nTrading Policy does not apply to purchases of Company stock under the Company&#8217;s<br \/>\ndividend reinvestment plan resulting from your reinvestment of dividends paid on<br \/>\nCompany securities. The policy does apply, however, to voluntary purchases of<br \/>\nCompany stock resulting from additional contributions you choose to make to the<br \/>\nplan, and to your election to participate in the plan or increase your level of<br \/>\nparticipation in the plan. The policy also applies to your sale of any Company<br \/>\nstock purchased pursuant to the plan.<\/p>\n<\/p>\n<p><strong><u>Additional Prohibited Transactions<\/u><\/strong><\/p>\n<\/p>\n<p>The Company considers it improper and inappropriate for any director, officer<br \/>\nor other employee of the Company to engage in short-term or speculative<br \/>\ntransactions in the Company&#8217;s securities. It therefore is the Company&#8217;s policy<br \/>\nthat directors, officers and other employees may not engage in any of the<br \/>\nfollowing transactions:<\/p>\n<\/p>\n<p><em><u>Short-term Trading<\/u><\/em><u>.<\/u> An employee&#8217;s short-term trading<br \/>\nof the Company&#8217;s securities may be distracting to the employee and may unduly<br \/>\nfocus the employee on the Company&#8217;s short-term stock market performance instead<br \/>\nof the Company&#8217;s long-term business objectives. For these reasons, any director,<br \/>\nofficer or other employee of the Company who purchases Company securities in the<br \/>\nopen market may not sell any company securities of the same class during the six<br \/>\nmonths following the purchase. Likewise, any director, officer or other employee<br \/>\nof the Company who sells Company securities in the open market may not purchase<br \/>\nany Company securities of the same class during the six months following this<br \/>\nsale.<\/p>\n<\/p>\n<p><em><u>Short Sales.<\/u><\/em> Short sales of the Company&#8217;s securities are<br \/>\nprohibited by this Policy Statement. In addition, Section 16(c) of the Exchange<br \/>\nAct prohibits officers and directors from engaging in short sales.<\/p>\n<\/p>\n<p><em><u>Publicly Traded Options<\/u><\/em><u>.<\/u> Transactions in puts, calls<br \/>\nor other derivative securities, on an exchange or in any other organized market,<br \/>\nare prohibited by this Policy Statement. (Option positions arising from certain<br \/>\ntypes of hedging transactions are governed by the section below captioned<br \/>\n&#8220;Hedging Transactions.&#8221;)<\/p>\n<\/p>\n<p><em><u>Hedging Transactions.<\/u><\/em> Certain forms of hedging or<br \/>\nmonetization transactions, such as prepaid variable forward contracts, equity<br \/>\nswaps, collars or exchange<\/p>\n<\/p>\n<hr>\n<p align=\"center\"><strong>INSIDER TRADING POLICY<\/strong><\/p>\n<p align=\"center\">\n<hr>\n<p>funds, enable a securityholder to lock in much of the value of his or her<br \/>\nholdings. These transactions are designed so that the securityholder may<br \/>\ncontinue to own his or her securities without the full risks and rewards of<br \/>\nownership, such as the potential of upside appreciation. If a director, officer<br \/>\nor employee of the Company were to enter into such a transaction, his or her<br \/>\ninterests could become misaligned with the interests of the Company153s other<br \/>\nsecurityholders. For this reason, transactions involving hedging or monetization<br \/>\nwith respect to the Company153s securities are prohibited by this Policy<br \/>\nStatement.<\/p>\n<\/p>\n<p><em><u>Margin Accounts and Pledges<\/u><\/em>. Securities held in a margin<br \/>\naccount and securities pledged (or hypothecated) as collateral for a loan may be<br \/>\nsold without the knowledge of the insider and therefore are prohibited under<br \/>\nthis Policy. An exception to this prohibition may be granted where a person<br \/>\nwishes to pledge Company securities as collateral for a loan (not including<br \/>\nmargin debt) and clearly demonstrates the financial capacity to repay the loan<br \/>\nwithout resort to the pledged securities. Any person who wishes to pledge<br \/>\nCompany securities as collateral for a loan must submit a request for approval<br \/>\nto the General Counsel at least one week prior to the proposed execution of<br \/>\ndocuments evidencing the proposed pledge.<\/p>\n<\/p>\n<p><strong><u>Pre-clearance Procedures<\/u><\/strong><\/p>\n<\/p>\n<p>To help prevent inadvertent violations of the federal securities laws and to<br \/>\navoid even the appearance of trading on inside information the following<br \/>\nindividuals together with their family members (&#8220;Restricted Individuals&#8221;), may<br \/>\nnot engage in certain transactions without the prior clearance of the<br \/>\ntransaction from the General Counsel:<\/p>\n<\/p>\n<table style=\"width: 100%;\" width=\"100%\" cellpadding=\"0\" class=\" \" border=\"0\" cellspacing=\"0\">\n<tbody>\n<tr>\n<td width=\"48\" valign=\"top\">\n<p align=\"right\"> &#8211;<\/p>\n<\/td>\n<td valign=\"top\">\n<p>directors,<\/p>\n<\/td>\n<\/tr>\n<tr>\n<td width=\"48\" valign=\"top\">\n<p align=\"right\"> &#8211;<\/p>\n<\/td>\n<td valign=\"top\">\n<p>corporate officers,<\/p>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/p>\n<table style=\"width: 100%;\" width=\"100%\" cellpadding=\"0\" class=\" \" border=\"0\" cellspacing=\"0\">\n<tbody>\n<tr>\n<td width=\"48\" valign=\"top\">\n<p align=\"right\"> &#8211;<\/p>\n<\/td>\n<td valign=\"top\">\n<p>divisional officers,<\/p>\n<\/td>\n<\/tr>\n<tr>\n<td width=\"48\" valign=\"top\">\n<p align=\"right\"> &#8211;<\/p>\n<\/td>\n<td valign=\"top\">\n<p>Key Leadership Team Members,<\/p>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/p>\n<table style=\"width: 100%;\" width=\"100%\" cellpadding=\"0\" class=\" \" border=\"0\" cellspacing=\"0\">\n<tbody>\n<tr>\n<td width=\"48\" valign=\"top\">\n<p align=\"right\"> &#8211;<\/p>\n<\/td>\n<td valign=\"top\">\n<p>director-level employees at the Corporate Headquarters,<\/p>\n<\/td>\n<\/tr>\n<tr>\n<td width=\"48\" valign=\"top\">\n<p align=\"right\"> &#8211;<\/p>\n<\/td>\n<td valign=\"top\">\n<p>Controller153s Department employees employed at the Corporate Headquarters and,\n<\/p>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/p>\n<table style=\"width: 100%;\" width=\"100%\" cellpadding=\"0\" class=\" \" border=\"0\" cellspacing=\"0\">\n<tbody>\n<tr>\n<td width=\"48\" valign=\"top\">\n<p align=\"right\"> &#8211;<\/p>\n<\/td>\n<td valign=\"top\">\n<p>any other persons designated by the General Counsel.<\/p>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p>The transactions which Restricted Individuals may not engage in include any<br \/>\ntransaction involving the Company&#8217;s securities (including a stock plan<br \/>\ntransaction such as an option exercise, gift, loan or pledge or hedge,<br \/>\ncontribution to a trust, or any other transfer). Request for approval must be<br \/>\nsubmitted to the General Counsel at least two days in advance of the proposed<br \/>\ntransaction. The General Counsel is under no obligation to approve a trade<br \/>\nsubmitted for pre-clearance, and may determine not to permit the trade.<\/p>\n<\/p>\n<hr>\n<p align=\"center\"><strong>INSIDER TRADING POLICY<\/strong><\/p>\n<p align=\"center\">\n<hr>\n<p><em><u>Rule 10b5-1 Plans.<\/u><\/em> Any person who wishes to implement a<br \/>\ntrading plan under SEC Rule 10b5-1 must first pre-clear the plan with the<br \/>\nGeneral Counsel. As required by Rule 10b5-1, you may enter into a binding<br \/>\ncontract, or instruction, or a trading plan only when you are not in possession<br \/>\nof material nonpublic information. In addition, you may not enter into a trading<br \/>\nplan during a blackout period. Transactions effected pursuant to a pre-cleared<br \/>\ntrading plan will not require further pre-clearance at the time of the<br \/>\ntransaction if the plan specifies the dates, prices and amounts of the<br \/>\ncontemplated trades, or establishes a formula for determining the dates, prices<br \/>\nand amounts. To comply with Rule 10b5-1, you must not exercise any subsequent<br \/>\ndiscretion affecting the transactions, and if your broker or any other person<br \/>\nexercises discretion in implementing the trades, you must not influence his or<br \/>\nher actions and he or she must not possess any material non-public information<br \/>\nat the time of the trades. Trading plans can be established for a single trade<br \/>\nor a series of trades.<\/p>\n<\/p>\n<p>It is important that you document the details of a trading plan properly.<br \/>\nPlease note that, in addition to the requirements of a trading plan described<br \/>\nabove, there are a number of additional procedural conditions to Rule 10b5-1(c)<br \/>\nthat must be satisfied before you can rely on a trading plan as an affirmative<br \/>\ndefense against an insider trading charge. These requirements include that you<br \/>\nact in good faith, that you not modify your trading instructions while you<br \/>\npossess material non-public information and that you not enter into or alter a<br \/>\ncorresponding or hedging transaction or position. Because this rule is complex,<br \/>\nthe Company recommends that you work with a broker and the General Counsel and<br \/>\nbe sure you fully understand the limitations and conditions of the rule before<br \/>\nyou establish a trading plan.<\/p>\n<\/p>\n<p><strong><u>Blackout Periods<\/u><\/strong><\/p>\n<\/p>\n<p><em><u>Quarterly Blackout Periods.<\/u><\/em> The Company&#8217;s announcement of its<br \/>\nquarterly financial results almost always has the potential to have a material<br \/>\neffect on the market for the Company&#8217;s securities. Therefore, to avoid even the<br \/>\nappearance of trading while aware of material nonpublic information, Restricted<br \/>\nIndividuals will not be pre-cleared to trade in the Company&#8217;s securities during<br \/>\nthe period beginning two weeks prior to the end of the Company&#8217;s fiscal quarter<br \/>\nand ending on noon of the second business day following the Company&#8217;s issuance<br \/>\nof its quarterly earnings release.<\/p>\n<\/p>\n<p>The Company may on occasion issue interim earnings guidance or other<br \/>\npotentially material information by means of a press release, SEC filing on Form<br \/>\n8-K or other means designed to achieve widespread dissemination of the<br \/>\ninformation. Restricted Individuals are unlikely to be pre-cleared while the<br \/>\nCompany is in the process of assembling the information to be released and until<br \/>\nthe information has been released and fully absorbed by the market.<\/p>\n<\/p>\n<hr>\n<p align=\"center\"><strong>INSIDER TRADING POLICY<\/strong><\/p>\n<p align=\"center\">\n<hr>\n<p><em><u>Event-specific Blackout Periods<\/u><\/em><u>.<\/u> From time to time, an<br \/>\nevent may occur that is material to the Company and is known by only a few<br \/>\ndirectors or executives. So long as the event remains material and nonpublic,<br \/>\ndirectors, executive officers, and such other persons as are designated by the<br \/>\nGeneral Counsel may not trade in the Company&#8217;s securities. The existence of an<br \/>\nevent-specific blackout will not be announced, other than to those who are aware<br \/>\nof the event giving rise to the blackout. If, however, a person whose trades are<br \/>\nsubject to pre-clearance requests permission to trade in the Company&#8217;s<br \/>\nsecurities during an event-specific blackout, the General Counsel will inform<br \/>\nthe requester of the existence of a blackout period, without disclosing the<br \/>\nreason for the blackout. Any person made aware of the existence of an<br \/>\nevent-specific blackout should not disclose the existence of the blackout to any<br \/>\nother person. The failure of the General Counsel to designate a person as being<br \/>\nsubject to an event-specific blackout will not relieve that person of the<br \/>\nobligation not to trade while aware of material nonpublic information.<\/p>\n<\/p>\n<p><strong><u>Miscellaneous<\/u><\/strong><\/p>\n<\/p>\n<p><em><u>No Circumvention<\/u><\/em><\/p>\n<\/p>\n<p>No circumvention of this policy is permitted. Do not try to accomplish<br \/>\nindirectly what is prohibited directly by this policy. The short-term benefits<br \/>\nto an individual cannot outweigh the potential liability that may result when an<br \/>\nemployee is involved in the illegal trading of securities.<\/p>\n<\/p>\n<\/p>\n<p><em><u>Amendments, Waivers<\/u><\/em><\/p>\n<\/p>\n<p>The Board of Directors of the Company reserves the right to amend this policy<br \/>\nat any time. The Board of Directors of the Company, a committee of the Board,<br \/>\nand, in some circumstances, their designees, may grant a waiver of this policy<br \/>\non a case-by-case basis, but only under special circumstances.<\/p>\n<\/p>\n<\/p>\n<p><em><u>Trade Reversals<\/u><\/em><\/p>\n<\/p>\n<p>Should any individual violate any aspect of this Policy, the Company will<br \/>\ntake actions to reverse the execution of the stock option trade and the<br \/>\nindividual shall be responsible for any and all costs and losses that may be<br \/>\nincurred.<\/p>\n<\/p>\n<p><em><u>Power of Attorney<\/u><\/em><\/p>\n<\/p>\n<p>In order to enable the company to prepare and file the Forms 4 or other SEC<br \/>\nrequired documents on a timely basis, certain directors and officers will be<br \/>\nasked to sign and return a company prepared power of attorney.<\/p>\n<\/p>\n<p><em><u>Post-Termination Transactions.<\/u><\/em><\/p>\n<\/p>\n<p>This Insider Trading Policy continues to apply to your transactions in<br \/>\nCompany securities even after you have terminated employment. If you are in<br \/>\npossession of material nonpublic information when your employment terminates,<br \/>\nyou may not trade in Company securities until that information has become public<br \/>\nor is no longer material.<\/p>\n<\/p>\n<hr>\n<p align=\"center\"><strong>INSIDER TRADING POLICY<\/strong><\/p>\n<p align=\"center\">\n<hr>\n<p><em><u>Company Assistance.<\/u><\/em><\/p>\n<\/p>\n<p>Any person who has a question about this Insider Trading Policy or its<br \/>\napplication to any proposed transaction may obtain additional guidance from the<br \/>\nGeneral Counsel. Ultimately, however, the responsibility for adhering to this<br \/>\nInsider Trading Policy and avoiding unlawful transactions rests with the<br \/>\nindividual employee.<\/p>\n<\/p>\n<p><em><u>Employee Obligation.<\/u><\/em><\/p>\n<\/p>\n<p>All employees will be provided a copy of this Insider Trading Policy and are<br \/>\nexpected to read and understand their obligations under this Policy. If you have<br \/>\nany questions regarding your obligations under this Policy, you should<br \/>\nimmediately contact the General Counsel to obtain clarification. Ignorance is<br \/>\nnot an excuse for non-compliance.<\/p>\n<\/p><\/p>\n","protected":false},"template":"","meta":{"_acf_changed":false,"_stopmodifiedupdate":true,"_modified_date":"","_cloudinary_featured_overwrite":false},"corporate_contracts_companies":[7728],"corporate_contracts_industries":[9455],"corporate_contracts_types":[9553],"class_list":["post-40839","corporate_contracts","type-corporate_contracts","status-publish","hentry","corporate_contracts_companies-harsco-corp","corporate_contracts_industries-manufacturing__metal","corporate_contracts_types-corporate"],"acf":[],"_links":{"self":[{"href":"https:\/\/corporate.findlaw.com\/legal-api\/wp-json\/wp\/v2\/corporate_contracts\/40839","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=40839"}],"wp:term":[{"taxonomy":"corporate_contracts_companies","embeddable":true,"href":"https:\/\/corporate.findlaw.com\/legal-api\/wp-json\/wp\/v2\/corporate_contracts_companies?post=40839"},{"taxonomy":"corporate_contracts_industries","embeddable":true,"href":"https:\/\/corporate.findlaw.com\/legal-api\/wp-json\/wp\/v2\/corporate_contracts_industries?post=40839"},{"taxonomy":"corporate_contracts_types","embeddable":true,"href":"https:\/\/corporate.findlaw.com\/legal-api\/wp-json\/wp\/v2\/corporate_contracts_types?post=40839"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}