HARSCO CORPORATION RESTRICTED STOCK UNITS AGREEMENT
EXHIBIT
      10.1
    HARSCO
      CORPORATION
    This
      Agreement (the “Agreement”) is made on this ____ day of _______, 20__ (the “Date
      of Grant”) by and between Harsco Corporation, a Delaware corporation (the
“Company”) and «Name»,
      (the
      “Grantee”).
    | 1. | Grant
              of Restricted Stock Units.
              Subject to and upon the terms, conditions and restrictions set forth
              in
              this Agreement and in the Company’s 1995 Executive Incentive Compensation
              Plan (as Amended and Restated) (the “Plan”), the Company hereby grants to
              the Grantee as of the Date of Grant «Number_of_RSUs»
              Restricted Stock Units (the “Restricted Stock Units”), which shall become
              vested in accordance with Section 3 hereof. Each Restricted Stock Unit
              shall represent one hypothetical share of Common Stock, $1.25 par value
              of
              the Company (the “Common Stock”) and shall at all times be equal in value
              to one share of Common Stock. The Restricted Stock Units will be credited
              to the Grantee in an account established for the Grantee until payment
              in
              accordance with Section 4 hereof. | 
| 2. | Restrictions
              on Transfer of Restricted Stock Units.
              Neither the Restricted Stock Units granted hereby nor any interest
              therein
              or in the Common Stock related thereto shall be transferable prior
              to
              payment other than by will or pursuant to the laws of descent and
              distribution (or to a designated Beneficiary in the event of the Grantee’s
              death). | 
| 3. | Vesting
              of Restricted Stock Units. | 
| (a) | The
              Restricted Stock Units shall vest as to one-third of such Restricted
              Stock
              Units on the first anniversary of the Date of Grant and as to an
              additional one-third on each succeeding anniversary date (each such
              date a
              “Vesting Date”), so as to be 100% vested on the third anniversary thereto,
              conditioned upon the Grantee’s continued employment with the Company or a
              subsidiary as of each Vesting Date. Any Restricted Stock Units not
              vested
              will be forfeited, except as provided in Section 3(b) below, if the
              Grantee ceases to be continuously employed by the Company or a subsidiary
              prior to each Vesting Date. For purposes of this Agreement, “continuously
              employed” shall mean the absence of any interruption or termination of
              employment with the Company or with a subsidiary of the Company.
              Continuous employment shall not be considered interrupted or terminated
              in
              the case of sick leave, military leave or any other leave of absence
              approved by the Company or in the case of transfers between locations
              of
              the Company and its subsidiaries. | 
| (b) | Notwithstanding
              the provisions of Section 3(a), all of the Restricted Stock Units shall
              immediately vest and become non-forfeitable upon the
               | 
| occurrence
                of any of the following events (each, a “Vesting Event”): (i) the
                Grantee’s death or becoming Disabled, (ii) a Change in Control, or (iii)
                the Grantee’s retirement after age 62. | 
| (c) | For
              purposes of this Section 3, the Grantee shall be considered “Disabled” if
              the Grantee is: (i) unable to engage in any substantial gainful activity
              by reason of any medically determinable physical or mental impairment
              which can be expected to result in death or can be expected to last
              for a
              continuous period of not less than twelve (12) months, or (ii) by reason
              of any medically determinable physical or mental impairment which can
              be
              expected to result in death or can be expected to last for a continuous
              period of not less than twelve (12) months, receiving income replacement
              benefits for a period of not less than three (3) months under an accident
              and health plan covering employees of the
              Company. | 
| 4. | Issuance
              of the Common Stock. | 
| (a) | The
              Company will issue to the Grantee the Common Stock underlying the vested
              Restricted Stock Units on the applicable Vesting Date or, if earlier,
              upon
              the occurrence of a Vesting Event. | 
| (b) | Except
              to the extent provided by Section 409A of the Code and permitted by
              the
              Company, no Stock may be issued to the Grantee at a time earlier than
              otherwise expressly provided in this
              Agreement. | 
| (c) | The
              Company’s obligations to the Grantee with respect to the Restricted Stock
              Units will be satisfied in full upon the issuance of shares of Common
              Stock corresponding to such Restricted Stock
              Units. | 
| 5. | Dividend,
              Voting and Other Rights. | 
| (a) | The
              Grantee shall have no rights of ownership in the Restricted Stock Units
              and shall have no right to dividends and no right to vote Restricted
              Stock
              Units until the date on which the Restricted Stock Units are transferred
              to the Grantee pursuant to Section 4 above and a stock certificate
              (or
              certificates) representing such shares of Common Stock is issued to
              the
              Grantee. | 
| (b) | The
              obligations of the Company under this Agreement will be merely that
              of an
              unfunded and unsecured promise of the Company to deliver shares of
              Common
              Stock in the future, and the rights of the Grantee will be no greater
              than
              that of an unsecured general creditor. No assets of the Company will
              be
              held or set aside as security for the obligations of the Company under
              this Agreement. | 
| 6. | Adjustments.
              The number of shares of Common Stock issuable pursuant to the Restricted
              Stock Units is subject to adjustment as provided in Section 4(c) of
              the
              Plan. | 
| 7. | Compliance
              with Law.
              The Company shall make reasonable efforts to comply with all applicable
              federal and state securities laws; provided,
              however,
              notwithstanding any other provision of this Agreement, the Company
              shall
              not be obligated to issue any shares of Common Stock pursuant to this
              Agreement if the issuance thereof would result in a violation of any
              such
              law. | 
| 8. | Compliance
              with Section 409A of the Code.
              To
              the extent applicable, it is intended that this Agreement and the Plan
              comply with the provisions of Section 409A of the Code. This
              Agreement and the Plan shall be administered in a manner consistent
              with
              this intent, and any provision that would cause this Agreement or the
              Plan
              to fail to satisfy Section 409A of the Code shall have no force or
              effect until amended to comply with Section 409A of the Code (which
              amendment may be retroactive to the extent permitted by Section 409A
              of the Code and may be made by the Company without the consent of the
              Grantee). In particular, to the extent that the Vesting Event (and
              the
              right to receive payment of the shares of Common Stock underlying the
              Restricted Stock Units) occurs pursuant to Section 3(b)(iii) or pursuant
              to an event that would subject the Grantee to penalties under Section
              409A(a)(1) of the Code, then notwithstanding anything to the contrary
              in
              Section 4 above, payment will be made to the Grantee on the earlier
              of (a) the Grantee’s “separation from service” with the Company
              (determined in accordance with Section 409A); provided,
              however,
              that if the Grantee is a “specified employee” (within the meaning of
              Section 409A), the date of payment shall be made on the date which is
              six (6) months after the date of the Grantee’s separation from service
              with the Company or (b) the Grantee’s
              death. | 
| 9. | Interpretation.
              Any reference in this Agreement to Section 409A of the Code will also
              include any proposed, temporary or final regulations, or any other
              guidance, promulgated with respect to such Section by the U.S. Department
              of the Treasury or the Internal Revenue Service. Except as expressly
              provided in this Agreement, capitalized terms used herein will have
              the
              meaning ascribed to such terms in the
              Plan. | 
| 10. | No
              Employment Rights. This
              award will not confer upon the Grantee any right with respect to
              continuance of employment by the Company, nor will it interfere in
              any way
              with any right of the Company to terminate the Grantee’s employment at any
              time. | 
| 11. | Taxes.
              The
              Grantee will pay to the Company, on demand, any taxes the Company
              reasonably determines it is required to withhold under applicable tax
              laws
              with respect to the Restricted Stock Units or the issuance of Common
              Stock
              pursuant to this award. The tax withholding obligation shall be satisfied
              by the Company withholding shares of Common Stock otherwise issuable
              pursuant to this award in order to satisfy the minimum tax withholding
              amount permissible under the method that results in the least amount
              withheld. | 
| 12. | Amendments.
              Any amendment to the Plan shall be deemed to be an amendment to this
              Agreement to the extent that the amendment is applicable hereto;
              provided,
              however,
              that no amendment shall adversely affect the rights of the Grantee
              under
              this Agreement without the Grantee’s
              consent. | 
| 13. | Severability.
              In
              the event that one or more of the provisions of this Agreement shall
              be
              invalidated for any reason by a court of competent jurisdiction, any
              provision so invalidated shall be deemed to be separable from the other
              provisions hereof, and the remaining provisions hereof shall continue
              to
              be valid and fully enforceable. | 
| 14. | Relation
              to Plan.
              This Agreement is subject to the terms and conditions of the Plan.
              In the
              event of any inconsistency between the provisions of this Agreement
              and
              the Plan, the Plan shall govern. The Board acting pursuant to the Plan,
              as
              constituted from time to time, shall, except as expressly provided
              otherwise herein, have the right to determine any questions which arise
              in
              connection with the grant of the Restricted Stock Units.
               | 
This
      Agreement is executed by the Company on the day and year first set forth
      above.
    | HARSCO
                CORPORATION | ||
|  |  |  | 
| By: | ||
| Name: | ||
| Title: | ||
The
      undersigned hereby acknowledges receipt of an executed original of this
      Agreement and accepts the award of Restricted Stock Units granted hereunder
      on
      the terms and conditions set forth herein and in the Company’s 1995 Executive
      Incentive Compensation Plan (as Amended and Restated).
    | Date: ________________, 20__ | _______________________________ «Name»  |