Fourth Amendment to Matador Resources Company 2003 Stock and Incentive Plan
Matador Resources Company amended its 2003 Stock and Incentive Plan to increase the maximum number of shares that may be issued under the plan to 960,570. The amendment was approved by the Board of Directors on May 1, 2006, and subsequently approved by the shareholders on May 17, 2006. The plan, as amended, remains in effect, allowing the company to issue additional shares as part of its stock and incentive programs.
Exhibit 10.19
FOURTH AMENDMENT TO
MATADOR RESOURCES COMPANY
2003 STOCK AND INCENTIVE PLAN
The Board of Directors of Matador Resources Company, a Texas corporation (the “Company”), pursuant to a Unanimous Consent of the Directors dated May 1, 2006, has adopted and approved the following amendments to the Matador Resources Company 2003 Stock and Incentive Plan (the “Plan”).
The first sentence of Section 1.3 of the Plan shall be amended to read in its entirety as follows:
“The maximum number of Shares that may be issued under the Plan shall be 960,570, which may be from Shares held in the Company’s treasury or from authorized and unissued Shares.”
The Plan, as amended hereby, shall continue in full force and effect.
ADOPTED BY THE BOARD: May 1, 2006.
The foregoing amendment shall be submitted for approval by the shareholders of the Company at the Annual Meeting of Shareholders of the Company to be held on May 17, 2006.
APPROVED BY THE COMPANY’S SHAREHOLDERS: May 17, 2006
