Amplify Energy Corp. Time-Based Restricted Stock Unit Award Agreement with Executive Participant
This agreement is between Amplify Energy Corp. and an executive participant, granting the participant time-based restricted stock units (TRSUs) under the company's equity incentive plan. The TRSUs vest over a set schedule, provided the participant remains employed through each vesting date. If the participant is terminated without cause or resigns for good reason, unvested TRSUs may fully vest, subject to certain conditions. Unvested TRSUs are forfeited if the participant is terminated for cause or resigns without good reason. Vested TRSUs are settled in company stock or, if unavailable, in cash.
Executive TRSU Award Agreement
Exhibit 10.18
TIME-BASED RESTRICTED STOCK UNIT AWARD AGREEMENT
PURSUANT TO THE
AMPLIFY ENERGY CORP.
EQUITY INCENTIVE PLAN
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Participant:[________]
Grant Date:[________], 2024
Total Number of Time-
Based Restricted Stock
Units:[________]
Vesting Period: | The TRSUs (as defined below) shall vest according to the following schedule (the “Time Vesting Schedule”), subject to the Participant’s continued Service through each applicable vesting date, except as otherwise provided in this Agreement or the Plan. |
Vesting Date | Number of TRSUs That Vest |
[________], 2025 | [________] |
[________], 2026 | [________] |
[________], 2027 | [________] |
* * * * *
THIS TIME-BASED RESTRICTED STOCK UNIT AWARD AGREEMENT (this “Agreement”) dated as of the Grant Date specified above (“Grant Date”), is entered into by and between Amplify Energy Corp., a corporation organized in the State of Delaware (the “Company”), and the Participant specified above, pursuant to the Amplify Energy Corp. Equity Incentive Plan (the “Plan”).
WHEREAS, the Committee has determined that it would be in the best interests of the Company and its stockholders to grant this award (this “Award”) of Time-Based Restricted Stock Units (“TRSUs”) to the Participant.
NOW, THEREFORE, in consideration of the mutual covenants and promises hereinafter set forth and for other good and valuable consideration, the parties hereto hereby mutually covenant and agree as follows:
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[Remainder of Page Intentionally Left Blank]
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IN WITNESS WHEREOF, the parties hereto have executed this Agreement as of this [________] of [________], 2024.
AMPLIFY ENERGY CORP.
Name: Eric M. Willis
Title: | SVP, General Counsel & Corporate Secretary |
PARTICIPANT
Name: [________]
Signature Page
to
Time-Based Restricted Stock Unit Award Agreement