Amendment No. 2 to Restricted Stock Award Agreement under SandRidge Energy, Inc. 2016 Omnibus Incentive Plan

Contract Categories: Human Resources › Bonus & Incentive Agreements
Summary

This amendment, effective April 16, 2018, modifies the Restricted Stock Award Agreement dated June 30, 2017, between SandRidge Energy, Inc. and a participant. It updates the vesting terms for restricted stock, specifying that shares will fully vest if a director fails to receive enough votes for election or resigns under certain conditions, including disability. All other terms of the original agreement remain unchanged. The amendment is binding on both parties and their successors and is governed by Delaware law.

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EX-10.1.6.2 3 sd10q63018ex10162rsaaw1.htm EXHIBIT 10.1.6.2 RSA AWARD AGREEMENT Document
Exhibit 10.1.6.2
AMENDMENT NO. 2 TO THE
RESTRICTED STOCK AWARD AGREEMENT DATED JUNE 30, 2017
PURSUANT TO THE
SANDRIDGE ENERGY, INC. 2016 OMNIBUS INCENTIVE PLAN.

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This AMENDMENT NO. 2 TO THE RESTRICTED STOCK AWARD AGREEMENT DATED JUNE 30, 2017 (this “Amendment”) is hereby adopted by SandRidge Energy, Inc., a corporation organized in the State of Delaware (the “Company”) effective as of April 16, 2018. Capitalized terms used but not defined herein shall have the meanings ascribed to such terms in that certain Restricted Stock Award Agreement between the Company and Participant and the Restricted Stock Award Certificate attached thereto (together, the “Agreement”).
1. Amendment. The Agreement is hereby amended by replacing section 3(c) with the following:
“(c) Termination or Incapacity. The Restricted Stock shall fully vest upon the failure of a director to receive the required votes to be elected under the Company’s bylaws in a contested election or upon the acceptance by the Board of the Participant’s resignation either (i) following the failure to receive a majority of “for” votes in an election in which the Participant has been nominated for election, or (ii) due to a Disability”
1. Miscellaneous. Except as expressly set forth herein, all terms and provisions contained in the Agreement shall remain in full force and effect and are hereby ratified and confirmed. The provisions of this Amendment shall be binding upon, and shall inure to the benefit of, the successors and assigns of the Company and the Participant, respectively. This Amendment shall be governed by and construed in accordance with the laws of the State of Delaware. Fax, electronic or email copies of this Amendment, including the signature pages hereto, shall constitute originals for all purposes.
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IN WITNESS WHEREOF, the Company has caused the execution of this Amendment by its duly authorized officer, as of the date first above written.

SANDRIDGE ENERGY, INC.

By:  
Name: William M. Griffin, Jr.
Title: President and Chief Executive Officer