Chesapeake Energy Corporation Restricted Stock Option Grant Agreement
This agreement is between Chesapeake Energy Corporation and the recipient, granting the recipient the right to purchase company stock at a specified price under the company's Stock Option Plan. The options vest in four equal annual installments, with each portion becoming fully available on its respective vesting date. The agreement outlines the total number of shares, the exercise price, and the expiration date, which is ten years from the grant date. Both parties must sign to confirm acceptance of the terms and conditions.
Exhibit 10.1.15
Chesapeake Energy Corporation
| ¨ Notice of Grant of Stock | ||||
| ID: 73-1395733 | ||||
| Options and Option Agreement | ||||
| 6100 N. Western Avenue | ||||
| Oklahoma City, OK 73118 | ||||
| <Name> | Option Number: | ___________ | ||
| <Address> | Plan: | ___________ | ||
| <Address> | ID: | ___________ | ||
Effective <date>, you have been granted a(n) Incentive Stock Option <Nonqualified Stock Option> to buy shares of Chesapeake Energy Corporation (the Company) stock at $ per share.
The total option price of the shares granted is $ .
Shares in each period will become fully vested on the date shown. [four equal annual installments]
| Shares | Vest Type | Full Vest | Expiration | |||
| _______ | On Vest Date | mm/dd/yyyy | <10 years from grant date> | |||
| _______ | On Vest Date | mm/dd/yyyy | <10 years from grant date> | |||
| _______ | On Vest Date | mm/dd/yyyy | <10 years from grant date> | |||
| _______ | On Vest Date | mm/dd/yyyy | <10 years from grant date> |
By your signature and the Company’s signature below, you and the Company agree that these options are granted under and governed by the terms and conditions of the Company’s Stock Option Plan as amended and the Option Agreement, all of which are attached and made a part of this document.
| Chesapeake Energy Corporation | Date | |
| <NAME> | Date | |
