Form 8-K PEABODY ENERGY CORP For: Aug 11
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E-mailExhibit 99.1
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Peabody | |||
| Peabody Plaza | ||||
| 701 Market Street | ||||
| St. Louis, MO 63101-1826 | ||||
| 314.342.4383 | ||||
| JAMES GRECH | [email protected] | |||
| President and Chief Executive Officer |
August 11, 2021
PRIVATE & CONFIDENTIAL
Mr. Darren Yeates
c/- 100 Melbourne Street
South Brisbane QLD 4101
Dear Darren:
Variation of Employment Contract
This letter serves to confirm the recent discussion regarding variations to the terms and conditions of your employment contract (Contract). The details of the varied terms are outlined below and will be effective from August 1, 2021:
| 1. | All references to the words ‘plus superannuation up to the maximum contribution base’ in the remuneration table on page 1 of the Contract, are deleted in its entirety and replaced with the wording: ‘plus superannuation in accordance with this Contract’. |
| 2. | The clause titled ‘Superannuation’ is deleted in its entirety and replaced with the following: |
“The Company will make monthly contributions in accordance with legislative requirements and Peabody policies, currently at 10% of your base salary. Salary sacrifice options are available to you should you wish to make additional contributions, and if so, those will be in accordance with the applicable Company policy as amended from time to time and Australian taxation legislation.”
All other benefits and conditions of your original employment contract will remain unchanged.
Please sign and return the acknowledgement below to signify your acceptance of these changes.
Yours sincerely,
James Grech
President & Chief Executive Officer
I acknowledge and accept the terms and conditions contained in this letter
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| Darren Yeates | Peabody Energy Australia Coal PTY LTD | |||
| Executive Vice President & COO | by: Ferdinand Kruger, VP - Operations HR |
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