Genesis Energy, Inc. Notice of Stock Appreciation Right Grant
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Summary
Genesis Energy, Inc. is granting the recipient a specified number of Stock Appreciation Right (SAR) units at a set strike price. The grant vests in equal portions over four years, with 25% becoming available each year. When exercised, each unit entitles the holder to a cash payment equal to the increase in value above the original strike price. The terms and conditions are further detailed in the attached Stock Appreciation Rights Plan document.
EX-10.25 5 ex10_25.htm EXHIBIT 10.25 Unassociated Document
Exhibit 10.25
Form of Notice of Stock Appreciation Right Grant
Effective _________, the Board of Directors of Genesis Energy, Inc. has awarded you a[n] [initial] grant of ____ units with a strike price of $___ per unit. This grant will vest at 25% per year over a 4-year period. Each unit entitles you to receive a cash payment equal to the difference between the strike price on the grant date and a valuation of the unit at the time you exercise your unit. A description of the rules of operation of the Stock Appreciation Rights Plan can be found in the attached copy of the Plan Document.
