Amplify Energy Corp. 2024 Time-Based Restricted Stock Unit Award Agreement for Executives
This agreement is between Amplify Energy Corp. and a designated executive participant. It grants the participant time-based restricted stock units (TRSUs) under the company's 2024 Equity Incentive Plan. The TRSUs vest in three equal installments over three years, provided the participant remains employed. 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 leaves without good reason, is terminated for cause, or breaches restrictive covenants. Vested TRSUs are settled in company stock.
Executive TRSU Award Agreement
Exhibit 10.2
TIME-BASED RESTRICTED STOCK UNIT AWARD AGREEMENT
PURSUANT TO THE
AMPLIFY ENERGY CORP.
2024 EQUITY INCENTIVE PLAN
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Participant:[________]
Grant Date:[________]
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 |
[FIRST ANNIVERSARY OF GRANT DATE] | 1/3 of TRSU |
[SECOND ANNIVERSARY OF GRANT DATE] | 1/3 of TRSU |
[THIRD ANNIVERSARY OF GRANT DATE] | 1/3 of TRSU |
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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. 2024 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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IN WITNESS WHEREOF, the parties hereto have executed this Agreement as of this [___] day of [_______], 20[__].
AMPLIFY ENERGY CORP.
Name: [_____________]
Title: | [______________] |
PARTICIPANT
Name: [________]
Signature Page
to
Time-Based Restricted Stock Unit Award Agreement