Participant Award Agreement under Equitable Resources, Inc. 2002 Executive Performance Incentive Program

Contract Categories: Human Resources › Bonus & Incentive Agreements
Summary

This agreement is between Equitable Resources, Inc. and a participant in its 2002 Executive Performance Incentive Program. It grants the participant Target Share Units, whose value is based on the company's common stock, under the terms of the company's 1999 Long-Term Incentive Plan and the 2002 Program. The Compensation Committee determines the form of payout, which may be in cash, company stock, or both. The participant must acknowledge receipt and agree to the program's terms and conditions.

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EX-10.4 5 a04-12767_1ex10d4.htm EX-10.4

Exhibit 10.4

 

10.4 - Form of Participant Award Agreement under the Equitable Resources, Inc. 2002 Executive Performance Incentive Program (as amended and restated May 1, 2003 and April 13, 2004.)

 

All grants were made pursuant to an award agreement substantially as follows:

 

[DATE]

 

[NAME AND ADDRESS]

 

 

Dear [NAME]:

 

Pursuant to the terms and conditions of the Company’s 1999 Long-Term Incentive Plan (the “Plan”) and the 2002 Executive Performance Incentive Program (the “Program”), on December 4, 2002, the Compensation Committee of the Board of Directors of Equitable Resources, Inc. (the “Committee”) granted you                Target Share Units (the “Award”), the value of which is determined by reference to the Company’s common stock.  The terms and conditions of the Award, including, without limitation, vesting and distribution, shall be governed by the provisions of the Program document attached hereto as Exhibit A, provided that the Committee retains the discretion to distribute the Award in cash, Company stock or any combination thereof.

 

 

 

 

 

 

Johanna G. O’Loughlin

 

 

For the Compensation Committee

 

 

The undersigned hereby acknowledges receipt of this award granted on the date shown above, the terms of which are subject to the terms and conditions of the Program as referenced above.  The undersigned further acknowledges receipt of a copy of the Program document and agrees to be bound by all the provisions hereof and thereof.

 

 

Signature:

 

 

Date: