CONSOL Energy Inc. Non-Employee Director Stock Option Grant Notice
CONSOL Energy Inc. grants a nonqualified stock option to a non-employee director under its Equity Incentive Plan. The option allows the director to purchase a specified number of shares at a set price. If there is a change in control of the company, any unvested options will immediately vest and remain exercisable for up to one year or until the option's expiration, whichever is sooner. The agreement aims to align directors' interests with the company's long-term success.
Exhibit 10.84
CONSOL Energy Inc.
300 Delaware Avenue
Suite 567
Wilmington, Delaware ###-###-####
, 200
[Name of Non-Employee Director]
[Address]
Dear [Name]:
We are pleased to grant you, as an Eligible Director (as defined in CONSOL Energy Inc.’s Equity Incentive Plan (the “Plan”)), an initial Nonqualified Stock Option award of [ ] shares effective [ ], 200 , at the price of [$ ] per share, under the Plan (the “Option Award”).
The Option Award is subject to the terms and conditions set forth in the Plan, a copy of which may be obtained upon request. Upon a Change in Control (as defined in the Plan), the unvested portion of the Option Award shall vest and, unless otherwise provided by separate agreement between the Company and you, remain exercisable for the lesser of a one year period or until the expiration date of the Option Award.
It is CONSOL Energy Inc.’s philosophy that an enhanced sense of ownership by Directors of CONSOL Energy Inc. is an important element in our long-term success. We would like you to have an opportunity to share in the continued success of CONSOL Energy Inc. through this Option Award.
|
J. Brett Harvey |
| President & Chief Executive Officer |
