Amendment to Restricted Share Unit Agreements under Energy Partners, Ltd. Stock Incentive Plans
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Summary
This amendment, dated November 13, 2008, modifies all Restricted Share Unit Agreements and Cash-Settled Restricted Share Unit Agreements issued under Energy Partners, Ltd.'s 2006 and Amended 2000 Long Term Stock Incentive Plans. The amendment adds a provision requiring that payments be made no later than 60 days after the applicable vesting date, with the exact payment date determined by the company. The amendment is executed by Energy Partners, Ltd. through its Executive Vice President and General Counsel.
EX-10.6 7 ex10_6.htm EXHIBIT 10.6 ex10_6.htm
Exhibit 10.6
AMENDMENT TO
RESTRICTED SHARE UNIT AGREEMENTS AND
CASH-SETTLED RESTRICTED SHARE UNIT AGREEMENTS
All Restricted Share Unit Agreements and Cash-Settled Restricted Share Unit Agreements issued under the Energy Partners, Ltd. 2006 Long Term Stock Incentive Plan or under the Energy Partners, Ltd. Amended and Restated 2000 Long Term Stock Incentive Plan are hereby amended by adding the following sentence at the end of Section 6:
“Such payment shall be made on such date following the applicable vesting date as may be determined by the Company but no later than sixty (60) days after the applicable vesting date.”
Dated: November 13, 2008
| ENERGY PARTNERS, LTD. By: /s/ John H. Peper John H. Peper Executive Vice President, General Counsel and Corporate Secretary |
