Amendments to the Plan and Awards Clause Example with 26 Variations from Business Contracts

Amendments to the Plan and Awards. The Committee may (a) amend, alter, suspend, discontinue or terminate any Award or Award Agreement, Agreement or (b) amend or alter the Plan Plan. The Board may (i) amend, alter, suspend, discontinue or terminate the Committee's authority to grant Awards or otherwise administer the Plan or (ii) amend, alter, suspend, discontinue or terminate the Plan and any Award or Award Agreement. Actions by the Committee and the Board described in this Section 10 may be taken without the consent of stockhold...ers or Participants, except Participants; provided, however, that any amendment or alteration to the Plan, including any increase in any share limitation, shall be subject to the approval of the Company's stockholders not later than the annual meeting next following such Committee action if such (i) stockholder approval is will be obtained as required by any federal or state applicable law or regulation or the rules of any stock exchange or automated quotation system on which the Stock may then be listed or quoted, quoted and the Committee may otherwise, in its discretion, determine (ii) Participant consent must be obtained prior to submit other changes to the Plan to stockholders for approval; provided, that, without the consent of an affected Participant, no such Committee any action may that would materially and adversely affect the rights of such Participant under any previously granted and outstanding Award. For purposes of clarity, any adjustments made to Awards pursuant to Section 8 will be deemed not to materially and adversely affect the rights of any Participant under any previously granted and outstanding Award and therefore may be made without the consent of affected Participants. 20 EX-10.2 2 a2234279zex-10_2.htm EX-10.2 22 EX-10.1 9 d897680dex101.htm EX-10.1 EX-10.1 Exhibit 10.2 CACTUS, INC. Long Term Incentive Plan 10.1 PROFRAC HOLDING CORP. 2021 LONG TERM INCENTIVE PLAN 1. Purpose. The purpose of the Cactus, Inc. ProFrac Holding Corp. 2021 Long Term Incentive Plan (the (as amended from time to time, the "Plan") is to provide a means through which (a) Cactus, Inc., ProFrac Holding Corp., a Delaware corporation (the (together with any successor thereto, the "Company"), and its the Affiliates may attract, retain and motivate qualified persons as employees, directors and consultants, thereby enhancing the profitable growth of the Company and its the Affiliates and (b) persons upon whom the responsibilities of the successful administration and management of the Company and its the Affiliates rest, and whose present and potential contributions to the Company and its the Affiliates are of importance, can acquire and maintain stock ownership or awards the value of which is tied to the performance of the Company, thereby strengthening their concern for the Company and its the Affiliates. Accordingly, the Plan provides for the grant of Options, SARs, Restricted Stock, Restricted Stock Units, Stock Awards, Dividend Equivalents, Other Stock-Based Awards, Cash Awards, Substitute Awards, Performance Awards, or any combination of the foregoing, as determined by the Committee in its sole discretion. View More

Amendments to the Plan and Awards. The Committee may (a) amend, alter, suspend, discontinue or terminate any Award or Award Agreement, Agreement or (b) amend or alter the Plan Plan. The Board may (i) amend, alter, suspend, discontinue or terminate the Committee's authority to grant Awards or otherwise administer the Plan or (ii) amend, alter, suspend, discontinue or terminate the Plan and any Award or Award Agreement. Actions by the Committee and the Board described in this Section 10 may be taken without the consent of stockhold...ers or Participants, except Participants; provided, however, that any amendment or alteration to the Plan, including any increase in any share limitation, shall be subject to the approval of the Company's stockholders not later than the annual meeting next following such Committee action if such (i) stockholder approval is will be obtained as required by any federal or state applicable law or regulation or the rules of any stock exchange or automated quotation system on which the Stock may then be listed or quoted, quoted and the Committee may otherwise, in its discretion, determine (ii) Participant consent must be obtained prior to submit other changes to the Plan to stockholders for approval; provided, that, without the consent of an affected Participant, no such Committee any action may that would materially and adversely affect the rights of such Participant under any previously granted and outstanding Award. For purposes of clarity, any adjustments made to Awards pursuant to Section 8 will be deemed not to materially and adversely affect the rights of any Participant under any previously granted and outstanding Award and therefore may be made without the consent of affected Participants. 20 22 EX-10.2 2 a2234279zex-10_2.htm 10 d343349dex102.htm EX-10.2 EX-10.2 Exhibit 10.2 CACTUS, INC. Long Term Incentive Plan PROFRAC HOLDING CORP. 2022 LONG TERM INCENTIVE PLAN 1. Purpose. The purpose of the Cactus, Inc. ProFrac Holding Corp. 2022 Long Term Incentive Plan (the (as amended from time to time, the "Plan") is to provide a means through which (a) Cactus, Inc., ProFrac Holding Corp., a Delaware corporation (the (together with any successor thereto, the "Company"), and its the Affiliates may attract, retain and motivate qualified persons as employees, directors and consultants, thereby enhancing the profitable growth of the Company and its the Affiliates and (b) persons upon whom the responsibilities of the successful administration and management of the Company and its the Affiliates rest, and whose present and potential contributions to the Company and its the Affiliates are of importance, can acquire and maintain stock ownership or awards the value of which is tied to the performance of the Company, thereby strengthening their concern for the Company and its the Affiliates. Accordingly, the Plan provides for the grant of Options, SARs, Restricted Stock, Restricted Stock Units, Stock Awards, Dividend Equivalents, Other Stock-Based Awards, Cash Awards, Substitute Awards, Performance Awards, or any combination of the foregoing, as determined by the Committee in its sole discretion. View More

Amendments to the Plan and Awards. The Committee may amend, alter, suspend, discontinue or terminate any Award or Award Agreement, the Plan or the Committee's authority to grant Awards without the consent of stockholders or Participants, except that any amendment or alteration to the Plan, including any increase in any share limitation, shall be subject to the approval of the Company's stockholders not later than the annual meeting next following such Committee action if such stockholder approval is required by any federal or sta...te law or regulation or the rules of any stock exchange or automated quotation system on which the Stock may then be listed or quoted, and the Committee may otherwise, in its discretion, determine to submit other changes to the Plan to stockholders for approval; provided, that, without the consent of an affected Participant, no such Committee action may materially and adversely affect the rights of such Participant under any previously granted and outstanding Award. For purposes of clarity, any adjustments made to Awards pursuant to Section 8 will be deemed not to materially and adversely affect the rights of any Participant under any previously granted and outstanding Award and therefore may be made without the consent of affected Participants. 20 ******************* EX-10.2 2 a2234279zex-10_2.htm EX-10.2 ex_478605.htm EXHIBIT 10.2 ex_478605.htm Exhibit 10.2 CACTUS, HIGHPEAK ENERGY, INC. Long Term Incentive Plan SECOND AMENDED AND RESTATED LONG TERM INCENTIVE PLAN 1. Purpose. The purpose of the Cactus, HighPeak Energy, Inc. Second Amended & Restated Long Term Incentive Plan (the "Plan") is to provide a means through which (a) Cactus, HighPeak Energy, Inc., a Delaware corporation (the "Company"), and its Affiliates may attract, retain and motivate qualified persons as employees, directors and consultants, thereby enhancing the profitable growth of the Company and its Affiliates and (b) persons upon whom the responsibilities of the successful administration and management of the Company and its Affiliates rest, and whose present and potential contributions to the Company and its Affiliates are of importance, can acquire and maintain stock ownership or awards the value of which is tied to the performance of the Company, thereby strengthening their concern for the Company and its Affiliates. Accordingly, the Plan provides for the grant of Options, SARs, Restricted Stock, Restricted Stock Units, Stock Awards, Dividend Equivalents, Other Stock-Based Awards, Cash Awards, Substitute Awards, Performance Awards, or any combination of the foregoing, as determined by the Committee in its sole discretion. View More

Amendments to the Plan and Awards. The Committee may amend, alter, suspend, discontinue or terminate any Award or Award Agreement, the Plan or the Committee's authority to grant Awards without the consent of stockholders shareholders or Participants, except that any amendment or alteration to the Plan, including any increase in any share limitation, shall be subject to the approval of the Company's stockholders shareholders not later than the annual meeting next following such Committee action if such stockholder shareholder appr...oval is required by any federal or state law or regulation or the rules of any stock exchange or automated quotation system on which the Stock Shares may then be listed or quoted, and the Committee may otherwise, in its discretion, determine to submit other changes to the Plan to stockholders shareholders for approval; provided, that, without the consent of an affected Participant, no such Committee action may materially and adversely affect the rights of such Participant under any previously granted and outstanding Award. For purposes of clarity, any adjustments made to Awards pursuant to Section 8 will be deemed not to materially and adversely affect the rights of any Participant under any previously granted and outstanding Award and therefore may be made without the consent of affected Participants. 20 EX-10.2 2 a2234279zex-10_2.htm EX-10.2 21 EX-10.1 9 d801915dex101.htm EX-10.1 EX-10.1 Exhibit 10.2 CACTUS, INC. 10.1 Fortis Minerals, LLC Long Term Incentive Plan 1. Purpose. The purpose of the Cactus, Inc. Fortis Minerals, LLC Long Term Incentive Plan (the "Plan") is to provide a means through which (a) Cactus, Inc., Fortis Minerals, LLC, a Delaware corporation limited liability company (the "Company"), and its Affiliates may attract, retain and motivate qualified persons as employees, directors and consultants, thereby enhancing the profitable growth of the Company and its Affiliates and (b) persons upon whom the responsibilities of the successful administration and management of the Company and its Affiliates rest, and whose present and potential contributions to the Company and its Affiliates are of importance, can acquire and maintain stock equity ownership or awards the value of which is tied to the performance of the Company, thereby strengthening their concern for the Company and its Affiliates. Accordingly, the Plan provides for the grant of Options, SARs, Restricted Stock, Shares, Restricted Stock Share Units, Stock Share Awards, Dividend Equivalents, Other Stock-Based Share-Based Awards, Cash Awards, Substitute Awards, Performance Awards, or any combination of the foregoing, as determined by the Committee in its sole discretion. View More

Amendments to the Plan and Awards. The Committee may (a) amend, alter, suspend, discontinue or terminate any Award or Award Agreement, Agreement or (b) amend or alter the Plan or the Committee's authority to grant Awards without the consent of stockholders or Participants, except that any amendment or alteration to the Plan, including any increase in any share limitation, shall be subject to the approval of the Company's stockholders not later than the annual meeting next following such Committee action if such stockholder approv...al is required by any federal or state applicable law or regulation or the rules of any stock exchange or automated quotation system on which the Stock may then be listed or quoted, and the Committee may otherwise, in its discretion, determine to submit other changes to the Plan to stockholders for approval; provided, that, without the consent of an affected Participant, no such Committee action may materially and adversely affect the rights of such Participant under any previously granted and outstanding Award. The Board may (i) amend, alter, suspend, discontinue or terminate the Committee's authority to grant Awards or (ii) amend, alter, suspend, discontinue or terminate the Plan; provided, that, without the consent of an affected Participant, no such Board action may materially and adversely affect the rights of such Participant under any previously granted and outstanding Award. For purposes of clarity, any adjustments made to Awards pursuant to Section 8 will be deemed not to materially and adversely affect the rights of any Participant under any previously granted and outstanding Award and therefore may be made without the consent of affected Participants. 20 24 EX-10.2 2 a2234279zex-10_2.htm 3 talo-ex102_230.htm EX-10.2 talo-ex102_230.htm Exhibit 10.2 CACTUS, TALOS ENERGY INC. 2021 LONG TERM INCENTIVE PLAN 1.Purpose. The purpose of the Talos Energy Inc. 2021 Long Term Incentive Plan 1. Purpose. The purpose of (as amended from time to time, the Cactus, Inc. Long Term Incentive Plan (the "Plan") is to provide a means through which (a) Cactus, Talos Energy Inc., a Delaware corporation (the (together with any successor thereto, the "Company"), and its the Affiliates may attract, retain and motivate qualified persons as employees, directors and consultants, thereby enhancing the profitable growth of the Company and its the Affiliates and (b) persons upon whom the responsibilities of the successful administration and management of the Company and its the Affiliates rest, and whose present and potential contributions to the Company and its the Affiliates are of importance, can acquire and maintain stock ownership or awards the value of which is tied to the performance of the Company, thereby strengthening their concern for the Company and its the Affiliates. Accordingly, the Plan provides for the grant of Options, SARs, Restricted Stock, Restricted Stock Units, Stock Awards, Dividend Equivalents, Other Stock-Based Awards, Cash Awards, Substitute Awards, Performance Awards, or any combination of the foregoing, as determined by the Committee in its sole discretion. View More

Amendments to the Plan and Awards. The Committee may amend, alter, suspend, discontinue or terminate any Award or Award Agreement, the Plan or the Committee's authority to grant Awards without the consent of stockholders or Participants, except that any amendment or alteration to the Plan, including any increase in any share limitation, shall be subject to the approval of the Company's stockholders not later than the annual meeting next following such Committee action if such stockholder approval is required by any federal or sta...te law or regulation or the rules of any stock exchange or automated quotation system on which the Stock may then be listed or quoted, and the Committee may otherwise, in its discretion, determine to submit other changes to the Plan to stockholders for approval; provided, that, without the consent of an affected Participant, no such Committee action may materially and adversely affect the rights of such Participant under any previously granted and outstanding Award. For purposes of clarity, any adjustments made to Awards pursuant to Section 8 will be deemed not to materially and adversely affect the rights of any Participant under any previously granted and outstanding Award and therefore may be made without the consent of affected Participants. 20 EX-10.2 2 a2234279zex-10_2.htm EX-10.2 22 EX-10.3 3 tm2034212d1_ex10-3.htm EXHIBIT 10.3 Exhibit 10.2 CACTUS, INC. Long Term Incentive Plan 10.3 ProPetro HOLDING CORP. 2020 LONG TERM INCENTIVE PLAN 1. Purpose. The purpose of the Cactus, Inc. ProPetro Holding Corp. 2020 Long Term Incentive Plan (the "Plan") is to provide a means through which (a) Cactus, Inc., ProPetro Holding Corp., a Delaware corporation (the "Company"), and its the Affiliates may attract, retain and motivate qualified persons as employees, directors and consultants, thereby enhancing the profitable growth of the Company and its the Affiliates and (b) persons upon whom the responsibilities of the successful administration and management of the Company and its the Affiliates rest, and whose present and potential contributions to the Company and its the Affiliates are of importance, can acquire and maintain stock ownership or awards the value of which is tied to the performance of the Company, thereby strengthening their concern for the Company and its the Affiliates. Accordingly, the Plan provides for the grant of Options, SARs, Restricted Stock, Restricted Stock Units, Stock Awards, Dividend Equivalents, Other Stock-Based Awards, Cash Awards, Substitute Awards, Performance Awards, or any combination of the foregoing, as determined by the Committee in its sole discretion. View More

Amendments to the Plan and Awards. The Committee may amend, alter, suspend, discontinue or terminate any Award or Award Agreement, the Plan or the Committee's authority to grant Awards without the consent of stockholders or Participants, except that any amendment or alteration to the Plan, including any increase in any share limitation, shall be subject to the approval of the Company's stockholders not later than the annual meeting next following such Committee action if such stockholder approval is required by any federal or sta...te law or 20 regulation or the rules of any stock securities exchange or automated quotation system on which the Stock may then be listed or quoted, and the Committee may otherwise, in its discretion, determine to submit other changes to the Plan to stockholders for approval; provided, that, without the consent of an affected Participant, no such Committee action may materially and adversely affect the rights of such Participant under any previously granted and outstanding Award. For purposes of clarity, any adjustments made to Awards pursuant to Section 8 will be deemed not to materially and adversely affect the rights of any Participant under any previously granted and outstanding Award and therefore may be made without the consent of affected Participants. 20 EX-10.2 2 a2234279zex-10_2.htm EX-10.2 21 EX-10.4 3 d319755dex104.htm EX-10.4 EX-10.4 Exhibit 10.2 CACTUS, INC. Long Term Incentive Plan 10.4 Execution Version SITIO ROYALTIES CORP. LONG TERM INCENTIVE PLAN 1. Purpose. The purpose of the Cactus, Inc. Sitio Royalties Corp. Long Term Incentive Plan (the "Plan") is to provide a means through which (a) Cactus, Inc., Sitio Royalties Corp., a Delaware corporation (the "Company"), and its Affiliates may attract, retain and motivate qualified persons as employees, directors and consultants, thereby enhancing the profitable growth of the Company and its Affiliates and (b) persons upon whom the responsibilities of the successful administration and management of the Company and its Affiliates rest, and whose present and potential contributions to the welfare of the Company and its Affiliates are of importance, can acquire and maintain stock ownership or awards the value of which is tied to the performance of the Company, thereby strengthening their concern for the welfare of the Company and its Affiliates. Accordingly, the Plan provides for the grant of Options, SARs, Restricted Stock, Restricted Stock Units, Stock Awards, Dividend Equivalents, Other Stock-Based Awards, Cash Awards, Substitute Awards, Performance Awards, or any combination of the foregoing, as determined by the Committee in its sole discretion. View More

Amendments to the Plan and Awards. The Committee may amend, alter, suspend, discontinue or terminate any Award or Award Agreement, the Plan or the Committee's authority to grant Awards without the consent of stockholders or Participants, except that any amendment or alteration to the Plan, including any increase in any share limitation, shall be subject to the approval of the Company's stockholders not later than the annual meeting next following such Committee action if such stockholder approval is required by any federal or sta...te law or regulation or the rules of any stock exchange or automated quotation system on which the Stock may then be listed or quoted, and the Committee may otherwise, in its discretion, determine to submit other changes to the Plan to stockholders for approval; provided, that, without the consent of an affected Participant, no such Committee action may materially and adversely affect the rights of such Participant under any previously granted and outstanding Award. For purposes of clarity, any adjustments made to Awards pursuant to Section 8 will be deemed not to materially and adversely affect the rights of any Participant under any previously granted and outstanding Award and therefore may be made without the consent of affected Participants. 20 EX-10.2 [Remainder of Page Intentionally Blank] 21 EX-10.1 2 a2234279zex-10_2.htm EX-10.2 d516695dex101.htm EX-10.1 EX-10.1 Exhibit 10.2 CACTUS, 10.1 AMENDED AND RESTATED ROSEHILL RESOURCES INC. Long Term Incentive Plan LONG-TERM INCENTIVE PLAN 1. Purpose. The purpose of the Cactus, Amended and Restated Rosehill Resources Inc. Long Term Long-Term Incentive Plan (the "Plan") is to provide a means through which (a) Cactus, Rosehill Resources Inc., a Delaware corporation (the "Company"), and its Affiliates may attract, retain and motivate qualified persons to serve as employees, directors and consultants, thereby enhancing the profitable growth of the Company and its Affiliates and (b) persons upon whom the responsibilities of the successful administration and management of the Company and its Affiliates rest, and whose present and potential contributions to the Company and its Affiliates are of importance, can acquire and maintain stock ownership or other awards the value of which is tied to the performance of the Company, thereby strengthening their concern for the Company and its Affiliates. Accordingly, the Plan provides for the grant of Options, SARs, Restricted Stock, Restricted Stock Units, Stock Awards, Dividend Equivalents, Other Stock-Based Awards, Cash Awards, Substitute Awards, Performance Awards, or any combination of the foregoing, as determined by the Committee in its sole discretion. View More

Amendments to the Plan and Awards. The Committee Board may amend, alter, suspend, discontinue or terminate any Award or Award Agreement, the Plan or the Committee's authority to grant Awards without the consent of stockholders or Participants, except that any amendment or alteration to the Plan, including any increase in any share limitation, shall be subject to the approval of the Company's stockholders not later than the annual meeting next following such Committee action if such stockholder approval is required by any federal ...or state law or regulation or the rules of any stock exchange or automated quotation system on which the shares of Stock may then be listed or quoted, and the Committee Board may otherwise, in its discretion, determine to submit other changes to the Plan to stockholders for approval; provided, that, without the consent of an affected Participant, no such Committee Board action may materially and adversely affect the rights of such Participant under any previously granted and outstanding Award. For purposes of clarity, any adjustments made to Awards pursuant to Section 8 will be deemed not to materially and adversely affect the rights of any Participant under any previously granted and outstanding Award and therefore may be made without the consent of affected Participants. 20 EX-10.2 EX-10.1 2 a2234279zex-10_2.htm EX-10.2 brhc10020854_ex10-1.htm EXHIBIT 10.1 Exhibit 10.2 CACTUS, 10.1 RILEY EXPLORATION PERMIAN, INC. Long Term Incentive Plan 2021 LONG TERM INCENTIVE PLAN 1. Purpose. The purpose of the Cactus, Riley Exploration Permian, Inc. 2021 Long Term Incentive Plan (the "Plan") is to provide a means through which (a) Cactus, Riley Exploration Permian, Inc., a Delaware corporation (the "Company"), and its Affiliates may attract, retain and motivate qualified persons as employees, directors and consultants, thereby enhancing the profitable growth of the Company and its Affiliates and (b) persons upon whom the responsibilities of the successful administration and management of the Company and its Affiliates rest, and whose present and potential contributions to the Company and its Affiliates are of importance, can acquire and maintain stock ownership or and/or awards the value of which is tied to the performance of the Company, thereby strengthening their concern for the Company and its Affiliates. Accordingly, the Plan provides for the grant of Options, SARs, Restricted Stock, Restricted Stock Units, Stock Awards, Dividend Equivalents, Other Stock-Based Awards, Cash Awards, Substitute Awards, Performance Awards, or and/or any combination of the foregoing, as determined by the Committee in its sole discretion. View More

Amendments to the Plan and Awards. The Committee may (a) amend, alter, suspend, discontinue or terminate any Award or Award Agreement, Agreement or (b) amend or alter the Plan or the Committee's authority to grant Awards without the consent of stockholders or Participants, except that any amendment or alteration to the Plan, including any increase in any share limitation, shall be subject to the approval of the Company's stockholders not later than the annual meeting next following such Committee action if such stockholder approv...al is required by any federal or state applicable law or regulation or the rules of any stock exchange or automated quotation system on which the Stock may then be listed or quoted, and the Committee may otherwise, in its discretion, determine to submit other changes to the Plan to stockholders for approval; provided, that, without the consent of an affected Participant, no such Committee action may materially and adversely affect the rights of such Participant under any previously granted and outstanding Award. The Board may (i) amend, alter, suspend, discontinue or terminate the Committee's authority to grant Awards or (ii) amend, alter, suspend, discontinue or terminate the Plan; provided, that, without the consent of an affected Participant, no such Board action may materially and adversely affect the rights of such Participant under any previously granted and outstanding Award. For purposes of clarity, any adjustments made to Awards pursuant to Section 8 will be deemed not to materially and adversely affect the rights of any Participant under any previously granted and outstanding Award and therefore may be made without the consent of affected Participants. 20 EX-10.2 24 EX-10.1 2 a2234279zex-10_2.htm EX-10.2 d433027dex101.htm EX-10.1 EX-10.1 Exhibit 10.2 CACTUS, 10.1 TALOS ENERGY INC. Long Term Incentive Plan 2021 LONG TERM INCENTIVE PLAN 1. Purpose. The purpose of the Cactus, Talos Energy Inc. 2021 Long Term Incentive Plan (the (as amended from time to time, the "Plan") is to provide a means through which (a) Cactus, Talos Energy Inc., a Delaware corporation (the (together with any successor thereto, the "Company"), and its the Affiliates may attract, retain and motivate qualified persons as employees, directors and consultants, thereby enhancing the profitable growth of the Company and its the Affiliates and (b) persons upon whom the responsibilities of the successful administration and management of the Company and its the Affiliates rest, and whose present and potential contributions to the Company and its the Affiliates are of importance, can acquire and maintain stock ownership or awards the value of which is tied to the performance of the Company, thereby strengthening their concern for the Company and its the Affiliates. Accordingly, the Plan provides for the grant of Options, SARs, Restricted Stock, Restricted Stock Units, Stock Awards, Dividend Equivalents, Other Stock-Based Awards, Cash Awards, Substitute Awards, Performance Awards, or any combination of the foregoing, as determined by the Committee in its sole discretion. View More