Summary of INTREPID POTASH, INC.

Item 5.02(e) Departure of Directors or Certain Officers; Election of Directors;
Appointment of Certain Officers; Compensatory Arrangements of Certain Officers

On February 14, 2013, Intrepid Potash, Inc. ("Intrepid," "we," "us," or "our") and Robert P. Jornayvaz III, our Executive Chairman of the Board, entered into a Second Amendment to Employment Agreement (the "Amendment"). The Amendment amends the Amended and Restated Employment Agreement, dated as of May 19, 2010, and amended as of February 23, 2011, between us and Mr. Jornayvaz (the "Employment Agreement"). The Amendment extends the fixed term of the Employment Agreement by three years to April 18, 2016. All terms and provisions of the Employment Agreement other than those relating to its term remain as described under Item 1.01 of our Current Report on Form 8-K that was filed with the U.S. Securities and Exchange Commission on May 19, 2010.

A copy of the Amendment is filed as Exhibit 10.1 to this Current Report on Form 8-K and is incorporated herein by reference.

Item 9.01 Financial Statements and Exhibits

(d) Exhibits

Exhibit No.   Description
              Second Amendment to Employment Agreement, dated as of February 14,
              2013, by and between Intrepid Potash, Inc. and Robert P. Jornayvaz
10.1          III