Summary of Director Compensation Arrangements for Non-Employee Directors of Quest Energy GP, LLC

Summary

This document outlines the compensation for non-employee directors of Quest Energy GP, LLC. Directors receive an annual fee of $32,000, with additional annual fees for committee chairpersons ($7,500 for Audit Committee and $2,500 for other committees). Upon election or appointment, each director is granted 15,000 common units of Quest Energy Partners, L.P., with vesting over four years, contingent on continued board service.

EX-10.12 2 d55359exv10w12.htm SUMMARY OF DIRECTOR COMPENSATION ARRANGEMENTS exv10w12

Exhibit 10.12

SUMMARY OF DIRECTOR COMPENSATION

The non-employee directors of Quest Energy GP, LLC receive the following compensation:

	•		annual director fee of $32,000 per year;

	•		annual fee of $7,500 per year for the Audit Committee chairperson;

	•		annual fee of $2.500 per year for any other committee chairperson; and

	•		a grant of 15,000 common units of Quest Energy Partners, L.P. on the date the non-employee director is elected or appointed to the Board of Directors, with 25% of the units immediately vested and 25% of the units vesting on each of the first three anniversaries of the date of such director’s election or appointment, provided that the director is still serving on the Board of Directors at the time of vesting.