Severability Contract Clauses (76,103)

Grouped Into 1,280 Collections of Similar Clauses From Business Contracts

This page contains Severability clauses in business contracts and legal agreements. We have organized these clauses into groups of similarly worded clauses.
Severability. The provisions of this Amendment are severable and if any part or it is found to be unenforceable the other paragraphs shall remain fully valid and enforceable.
Severability. The provisions of this Amendment Release Agreement are severable severable, and if any part or of it is found to be unenforceable unenforceable, the other paragraphs shall remain fully valid and enforceable.
Severability. The provisions of this Amendment Agreement are severable severable, and if any part or of it is found to be unenforceable invalid or unenforceable, the other paragraphs shall remain fully valid and enforceable.
Severability. The provisions of this Amendment Agreement are severable and and, if any part or it of this Agreement is found to be unenforceable unenforceable, the other paragraphs shall portions will remain fully valid and enforceable.
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Severability. If any one or more of the provisions or parts of a provision contained in this Agreement shall, for any reason, be held to be invalid, illegal or unenforceable in any respect in any jurisdiction, such invalidity, illegality or unenforceability shall not affect (a) any other provision or part of a provision of this Agreement nor (b) this Agreement's validity. legality and enforceability in any other jurisdiction, but this Agreement shall be reformed and construed in any such jurisdiction as if... such invalid or illegal or unenforceable provision or part of a provision had never been contained herein and such provision or part shall be reformed so that it would be valid. legal and enforceable to the maximum extent permitted in such jurisdiction. View More Arrow
Severability. If The parties hereto believe that the provisions of this Agreement are reasonable and fair in all respects, and are necessary to protect the interests of the parties. However, in case any one or more of the provisions or parts of a provision contained in this Agreement shall, for any reason, be held to be invalid, illegal or unenforceable in any respect in any jurisdiction, such invalidity, illegality or unenforceability shall not affect (a) any other provision or part of a provision of this... Agreement nor (b) this Agreement's validity. legality and enforceability in or any other jurisdiction, but this Agreement shall be reformed and construed in any such jurisdiction as if such invalid or illegal or unenforceable provision or part of a provision had never been contained herein and such provision or part shall be reformed so that it would be valid. valid, legal and enforceable to the maximum extent permitted in such jurisdiction. View More Arrow
Severability. If In the event that any one or more of the provisions or parts of a provision contained in this Agreement shall, shall for any reason, reason be held to be invalid, illegal or unenforceable in any respect in any jurisdiction, such invalidity, illegality or unenforceability shall not affect (a) any other provision or part of a provision of this Agreement nor (b) this Agreement's validity. legality and enforceability in any other jurisdiction, but this Agreement shall be reformed and construed... in any such jurisdiction as if such invalid or illegal or unenforceable provision or part of a provision had never been contained herein and such provision or part shall be reformed so that it would be valid. valid, legal and enforceable to the maximum extent permitted in such jurisdiction. View More Arrow
Severability. If In case any one or more of the provisions or parts part of a provision contained in this Award Agreement shall, shall for any reason, reason be held to be invalid, illegal or unenforceable in any respect in any jurisdiction, such invalidity, illegality or unenforceability shall be deemed not to affect (a) any jurisdiction or any other provision or part of a provision of this Agreement nor (b) this Agreement's validity. legality and enforceability in any other jurisdiction, Award Agreement,... but this Award Agreement shall be reformed and construed in any such jurisdiction as if such invalid or illegal or unenforceable provision or part of a provision held to be invalid or illegal or unenforceable had never been contained herein and such provision or part shall be reformed so that it would be valid. valid, legal and enforceable in such jurisdiction to the maximum extent permitted in such jurisdiction. possible. View More Arrow
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Severability. If any term, provision, covenant or restriction of this Agreement, or any part thereof, is held by a court of competent jurisdiction of any foreign, federal, state, county or local government or any other governmental, regulatory or administrative agency or authority to be invalid, void, unenforceable or against public policy for any reason, the remainder of the terms, provisions, covenants and restrictions of this Agreement will remain in full force and effect and will in no way be affected or... impaired or invalidated. If any court determines that any of such covenants, or any part thereof, is invalid or unenforceable because of the geographic or temporal scope of such provision, such court will reduce such scope to the minimum extent necessary to make such covenants valid and enforceable. Executive acknowledges that the restrictive covenants contained in Section 7 are a condition of this Agreement and are reasonable and valid in temporal scope and in all other respects. View More Arrow
Severability. If any term, provision, covenant or restriction of this Agreement, or any part thereof, is held by a court of competent jurisdiction of any foreign, federal, state, county or local government or any other governmental, regulatory or administrative agency or authority to be invalid, void, unenforceable or against public policy for any reason, the remainder of the terms, provisions, covenants and restrictions of this Agreement will remain 6Kimberly Cooper Campos Employment Agreement in full force... and effect and will in no way be affected or impaired or invalidated. If any court determines that any of such covenants, or any part thereof, is invalid or unenforceable because of the geographic or temporal scope of such provision, such court will reduce such scope to the minimum extent necessary to make such covenants valid and enforceable. Executive acknowledges that the restrictive covenants contained in Section 7 6 are a condition of this Agreement and are reasonable and valid in temporal scope and in all other respects. View More Arrow
Severability. If any term, provision, covenant or restriction of this Agreement, or any part thereof, is held by a court of competent jurisdiction of any foreign, federal, state, county or local government or any other governmental, regulatory or administrative agency or authority to be invalid, void, unenforceable or against public policy for any reason, the remainder of the terms, provisions, covenants and restrictions of this Agreement will shall remain in full force and effect and will shall in no way be... affected or impaired or invalidated. If any court determines that any of such covenants, or any part thereof, is invalid or unenforceable because of the geographic or temporal scope of such provision, such court will reduce such scope to the minimum extent necessary to make such covenants valid and enforceable. Executive The Employee acknowledges that the restrictive covenants contained in Section 7 are a condition of this Agreement and are reasonable and valid in temporal scope and in all other respects. View More Arrow
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Severability. If any term, provision, covenant or restriction of this Agreement, or any part thereof, is held by a court of competent jurisdiction of any foreign, federal, state, county or local government or any other governmental, regulatory or administrative agency or authority to be invalid, void, unenforceable or against public policy for any reason, the remainder of the terms, provisions, covenants and restrictions of this Agreement will remain in full force and effect and will in no way be affected or... impaired or invalidated. If any court determines that any of such covenants, or any part thereof, is invalid or unenforceable because of the geographic or temporal scope of such provision, such court will reduce such scope to the minimum extent necessary to make such covenants valid and enforceable. Executive acknowledges that the restrictive covenants contained in Section 7 are a condition of this Agreement and are reasonable and valid in temporal scope and in all other respects. View More Arrow
Severability. If any term, provision, covenant or restriction of this Agreement, or any part thereof, is held by a court of competent jurisdiction of any foreign, federal, state, county or local government or any other governmental, regulatory or administrative agency or authority to be invalid, void, unenforceable or against public policy for any reason, the remainder of the terms, provisions, covenants and restrictions of this Agreement will remain 6Kimberly Cooper Campos Employment Agreement in full force... and effect and will in no way be affected or impaired or invalidated. If any court determines that any of such covenants, or any part thereof, is invalid or unenforceable because of the geographic or temporal scope of such provision, such court will reduce such scope to the minimum extent necessary to make such covenants valid and enforceable. Executive acknowledges that the restrictive covenants contained in Section 7 6 are a condition of this Agreement and are reasonable and valid in temporal scope and in all other respects. View More Arrow
Severability. If any term, provision, covenant or restriction of this Agreement, or any part thereof, is held by a court of competent jurisdiction of any foreign, federal, state, county or local government or any other governmental, regulatory or administrative agency or authority to be invalid, void, unenforceable or against public policy for any reason, the remainder of the terms, provisions, covenants and restrictions of this Agreement will shall remain in full force and effect and will shall in no way be... affected or impaired or invalidated. If any court determines that any of such covenants, or any part thereof, is invalid or unenforceable because of the geographic or temporal scope of such provision, such court will reduce such scope to the minimum extent necessary to make such covenants valid and enforceable. Executive The Employee acknowledges that the restrictive covenants contained in Section 7 are a condition of this Agreement and are reasonable and valid in temporal scope and in all other respects. View More Arrow
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Severability. If any term of this Offer Letter is held to be invalid, void or unenforceable, the remainder of the terms herein will remain in full force and effect and will in no way be affected, and the parties will use their best efforts to find an alternative way to achieve the same result.
Severability. If any term of this Offer Letter Agreement is held to be invalid, void or unenforceable, the remainder of the terms herein this Agreement will remain in full force and effect and will in no way be affected, and the parties will use their best efforts to find an alternative alternate way to achieve the same result.
Severability. If any term of this Offer Letter Agreement is held to be invalid, void or unenforceable, the remainder of the terms herein this Agreement will remain in full force and effect and will in no way be affected, and the parties will use their best efforts to find an alternative alternate way to achieve the same result.
Severability. If this offer is accepted, and any term of this Offer Letter herein is held to be invalid, void or unenforceable, the remainder of the terms herein will shall remain in full force and effect and will shall in no way be affected, and affected; and, the parties will shall use their best efforts to find an alternative way to achieve the same result.
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Severability. If any term of this Offer Letter is held to be invalid, void or unenforceable, the remainder of the terms herein will remain in full force and effect and will in no way be affected, and the parties will use their best efforts to find an alternative way to achieve the same result.
Severability. If any term of this Offer Letter Agreement is held to be invalid, void or unenforceable, the remainder of the terms herein this Agreement will remain in full force and effect and will in no way be affected, and the parties will use their best efforts to find an alternative alternate way to achieve the same result.
Severability. If any term of this Offer Letter Agreement is held to be invalid, void or unenforceable, the remainder of the terms herein this Agreement will remain in full force and effect and will in no way be affected, and the parties will use their best efforts to find an alternative alternate way to achieve the same result.
Severability. If this offer is accepted, and any term of this Offer Letter herein is held to be invalid, void or unenforceable, the remainder of the terms herein will shall remain in full force and effect and will shall in no way be affected, and affected; and, the parties will shall use their best efforts to find an alternative way to achieve the same result.
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Severability. If any one or more of the provisions contained in this Agreement are invalid, illegal or unenforceable, the other provisions of this Agreement will be construed and enforced as if the invalid, illegal, or unenforceable provision had not been included.
Severability. If any one or more of the provisions contained in this Agreement are is invalid, illegal or unenforceable, the other provisions of this Agreement will be construed and enforced as if the invalid, illegal, illegal or unenforceable provision had not never been included.
Severability. If any one or more of the provisions contained in this Agreement are held to be invalid, illegal or unenforceable, the other provisions of this Agreement will shall be construed and enforced as if the invalid, illegal, illegal or unenforceable provision had not never been included.
Severability. If any one or more of the provisions contained in this Agreement are is invalid, illegal or unenforceable, the other provisions of this Agreement will be construed and enforced as if the invalid, illegal, illegal or unenforceable provision had not never been included.
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Severability. If any provision of this Agreement is held to be illegal or invalid for any reason, the illegality or invalidity shall not affect the remaining provisions hereof, but such provision shall be fully severable and this Agreement shall be construed and enforced as if the illegal or invalid provision had never been included herein. [Remainder of Page Intentionally Left Blank] 7 By signing below, the Participant hereby acknowledges receipt of the RSUs issued on the Grant Date indicated above, which... have been issued under the terms and conditions of the Plan and this Agreement. MIDSTATES PETROLEUM COMPANY, INC. By: Name: Title: Accepted by: [Name of Participant] Date: Confirmation of Receipt by Company: By: 8 EX-10.1 2 a16-22308_1ex10d1.htm EX-10.1 Exhibit 10.1 MIDSTATES PETROLEUM COMPANY, INC. [DATE] FORM OF DIRECTOR RESTRICTED STOCK UNIT AGREEMENT * * * * * Participant: Grant Date: Number of Restricted Stock Units Granted: * * * * * THIS RESTRICTED STOCK UNIT AWARD AGREEMENT (this "Agreement"), dated as of the Grant Date specified above, is entered into by and between MIDSTATES PETROLEUM COMPANY, INC., a corporation organized in the State of Delaware (the "Company"), and the Participant specified above, pursuant to the Midstates Petroleum Company, Inc. 2016 Long Term Incentive Plan, as in effect and as amended from time to time (the "Plan"), which is administered by the Committee (as defined in the Plan); and WHEREAS, it has been determined under the Plan that it would be in the best interests of the Company to grant the Restricted Stock Units ("RSUs") provided herein to the Participant; and WHEREAS, for purposes of this Agreement, the Company has deemed it appropriate to award the Participant with the number of RSUs stated above which represents an equivalent value of $[ ] which is the portion of the Participant's [ ] equity award for serving as a non-employee director on the Company's Board of Directors; and WHEREAS, the Company has utilized the price per share of the Company's common Stock as of [ ]. NOW, THEREFORE, in consideration of the mutual covenants and promises hereinafter set forth and for other good and valuable consideration, the receipt and sufficiency of which is hereby acknowledged, the parties hereto hereby mutually covenant and agree as follows: 1. Incorporation By Reference; Plan Document Receipt. This Agreement is subject in all respects to the terms and provisions of the Plan (including, without limitation, any amendments thereto adopted at any time and from time to time unless such amendments are expressly intended not to apply to the Award provided hereunder), all of which terms and provisions are made a part of and incorporated into this Agreement as if they were each expressly set forth herein. Except as provided otherwise herein, any capitalized term not defined in this Agreement shall have the same meaning as is ascribed thereto in the Plan. The Participant hereby acknowledges receipt of a true copy of the Plan and that the Participant has read the Plan carefully and fully understands its content. In the event of any conflict between the terms of this Agreement and the terms of the Plan, the terms of the Plan shall control. View More Arrow
Severability. If any provision of this Agreement is held to be illegal or invalid for any reason, the illegality or invalidity shall not affect the remaining provisions hereof, but such provision shall be fully severable and this Agreement shall be construed and enforced as if the illegal or invalid provision had never been included herein. [Remainder of Page Intentionally Left Blank] 7 6 By signing below, the Participant hereby acknowledges receipt of the RSUs issued on the Grant Date indicated above, which... have been issued under the terms and conditions of the Plan and this Agreement. MIDSTATES PETROLEUM COMPANY, INC. By: Name: Kim Harding Title: Vice President — Human Resources and Administration Accepted by: [Name of Participant] Executive Name Date: Confirmation of Receipt by Company: By: 8 Date: 7 EX-10.1 2 a16-22308_1ex10d1.htm a19-6459_1ex10d1.htm EX-10.1 Exhibit 10.1 MIDSTATES PETROLEUM COMPANY, INC. [DATE] FORM OF DIRECTOR RESTRICTED STOCK UNIT AGREEMENT PURSUANT TO THE 2016 LONG TERM INCENTIVE PLAN (TIME VESTING) * * * * * Participant: Executive Name Grant Date: March 7, 2019 Number of Restricted Stock Units Granted: TBD * * * * * THIS RESTRICTED STOCK UNIT AWARD AGREEMENT (this "Agreement"), dated as of the Grant Date specified above, is entered into by and between MIDSTATES PETROLEUM COMPANY, INC., a corporation organized in the State of Delaware (the "Company"), and the Participant specified above, pursuant to the Midstates Petroleum Company, Inc. 2016 Long Term Incentive Plan, as in effect and as amended from time to time (the "Plan"), which is administered by the Committee (as defined in the Plan); and WHEREAS, it has been determined under the Plan that it would be in the best interests of the Company to grant the Restricted Stock Units ("RSUs") provided herein to the Participant; and WHEREAS, for purposes of this Agreement, the Company has deemed it appropriate to award the Participant with the number of RSUs stated above which represents an equivalent value of $[ ] which is the portion of the Participant's [ ] equity award for serving as a non-employee director on the Company's Board of Directors; and WHEREAS, the Company has utilized the price per share of the Company's common Stock as of [ ]. Participant. NOW, THEREFORE, in consideration of the mutual covenants and promises hereinafter set forth and for other good and valuable consideration, the receipt and sufficiency of which is hereby acknowledged, the parties hereto hereby mutually covenant and agree as follows: 1. Incorporation By Reference; Plan Document Receipt. This Agreement is subject in all respects to the terms and provisions of the Plan (including, without limitation, any amendments thereto adopted at any time and from time to time unless such amendments are expressly intended not to apply to the Award provided hereunder), all of which terms and provisions are made a part of and incorporated into in this Agreement as if they were each expressly set forth herein. Except as provided otherwise herein, any capitalized term not defined in this Agreement shall have the same meaning as is ascribed thereto in the Plan. The Participant hereby acknowledges receipt of a true copy of the Plan and that the Participant has read the Plan carefully and fully understands its content. In the event of any conflict between the terms of this Agreement and the terms of the Plan, the terms of the Plan shall control. View More Arrow
Severability. If any provision of this Agreement is held to be illegal or invalid for any reason, the illegality or invalidity shall not affect the remaining provisions hereof, but such provision shall be fully severable and this Agreement shall be construed and enforced as if the illegal or invalid provision had never been included herein. [Remainder of Page Intentionally Left Blank] 7 By signing below, the Participant hereby acknowledges receipt of the RSUs issued on the Grant Date indicated above, which... have been issued under the terms and conditions of the Plan and this Agreement. MIDSTATES PETROLEUM COMPANY, INC. STONE ENERGY CORPORATION By: Name: David H. Welch Title: Chief Executive Officer and President Accepted by: [Name of Participant] Date: March 1, 2017 Confirmation of Receipt by Company: By: Name: Lisa Jaubert Title: Senior Vice President, General Counsel, Secretary 8 EX-10.1 2 a16-22308_1ex10d1.htm d355685dex101.htm EX-10.1 EX-10.1 Exhibit 10.1 MIDSTATES PETROLEUM COMPANY, INC. [DATE] FORM OF STONE ENERGY CORPORATION MARCH 1, 2017 DIRECTOR RESTRICTED STOCK UNIT AGREEMENT * * * * * Participant: Grant Date: March 1, 2017 Number of Restricted Stock Units Granted: 1 * * * * * THIS RESTRICTED STOCK UNIT AWARD AGREEMENT (this "Agreement"), dated as of the Grant Date specified above, is entered into by and between MIDSTATES PETROLEUM COMPANY, INC., Stone Energy Corporation, a corporation organized in the State of Delaware (the "Company"), and the Participant specified above, pursuant to the Midstates Petroleum Company, Inc. 2016 Stone Energy Corporation 2017 Long Term Incentive Plan, as in effect and as amended from time to time (the "Plan"), which is administered by the Committee (as defined in and the Plan); Board; and WHEREAS, it has been determined under the Plan that it would be in the best interests of the Company to grant the Restricted Stock Units ("RSUs") provided herein to the Participant; and WHEREAS, for purposes of this Agreement, the Company has deemed it appropriate to award the Participant with the number of RSUs stated above which represents an equivalent value of $[ ] ]2 which is the portion value of the Participant's [ ] Plan Year 2017 equity award for serving as a non-employee director on the Company's Board of Directors; and WHEREAS, the Company has utilized the price per share of the Company's common Common Stock as of [ ]. the date of the Company's emergence from bankruptcy which was established to be $18.56 per share as of February 28, 2017. NOW, THEREFORE, in consideration of the mutual covenants and promises hereinafter set forth and for other good and valuable consideration, the receipt and sufficiency of which is hereby acknowledged, the parties hereto hereby mutually covenant and agree as follows: 1. Incorporation By Reference; Plan Document Receipt. This Agreement is subject in all respects to the terms and provisions of the Plan (including, without limitation, any amendments thereto adopted at any time and from time to time unless such amendments are 1 Chairman = 13,082 RSUs; other Board members = 9,811 RSUs. 2 Chairman = $242,800; other Board members = $182,100 expressly intended not to apply to the Award provided hereunder), all of which terms and provisions are made a part of and incorporated into this Agreement as if they were each expressly set forth herein. Except as provided otherwise herein, any capitalized term not defined in this Agreement shall have the same meaning as is ascribed thereto in the Plan. The Participant hereby acknowledges receipt of a true copy of the Plan and that the Participant has read the Plan carefully and fully understands its content. In the event of any conflict between the terms of this Agreement and the terms of the Plan, the terms of the Plan shall control. View More Arrow
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Severability. If any one or more of the provisions contained in this Agreement are invalid, illegal or unenforceable, the other provisions of this Agreement will be construed and enforced as if the invalid, illegal, or unenforceable provision had not been included.
Severability. If any one or more of the provisions contained in this Agreement are is invalid, illegal or unenforceable, the other provisions of this Agreement will be construed and enforced as if the invalid, illegal, illegal or unenforceable provision had not never been included.
Severability. If any one or more of the provisions contained in this Agreement are held to be invalid, illegal or unenforceable, the other provisions of this Agreement will shall be construed and enforced as if the invalid, illegal, illegal or unenforceable provision had not never been included.
Severability. If any one or more of the provisions contained in this Agreement are is invalid, illegal or unenforceable, the other provisions of this Agreement will be construed and enforced as if the invalid, illegal, illegal or unenforceable provision had not never been included.
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Severability. If any provision of this Agreement is held to be illegal or invalid for any reason, the illegality or invalidity shall not affect the remaining provisions hereof, but such provision shall be fully severable and this Agreement shall be construed and enforced as if the illegal or invalid provision had never been included herein. [Remainder of Page Intentionally Left Blank] 7 By signing below, the Participant hereby acknowledges receipt of the RSUs issued on the Grant Date indicated above, which... have been issued under the terms and conditions of the Plan and this Agreement. MIDSTATES PETROLEUM COMPANY, INC. By: Name: Title: Accepted by: [Name of Participant] Date: Confirmation of Receipt by Company: By: 8 EX-10.1 2 a16-22308_1ex10d1.htm EX-10.1 Exhibit 10.1 MIDSTATES PETROLEUM COMPANY, INC. [DATE] FORM OF DIRECTOR RESTRICTED STOCK UNIT AGREEMENT * * * * * Participant: Grant Date: Number of Restricted Stock Units Granted: * * * * * THIS RESTRICTED STOCK UNIT AWARD AGREEMENT (this "Agreement"), dated as of the Grant Date specified above, is entered into by and between MIDSTATES PETROLEUM COMPANY, INC., a corporation organized in the State of Delaware (the "Company"), and the Participant specified above, pursuant to the Midstates Petroleum Company, Inc. 2016 Long Term Incentive Plan, as in effect and as amended from time to time (the "Plan"), which is administered by the Committee (as defined in the Plan); and WHEREAS, it has been determined under the Plan that it would be in the best interests of the Company to grant the Restricted Stock Units ("RSUs") provided herein to the Participant; and WHEREAS, for purposes of this Agreement, the Company has deemed it appropriate to award the Participant with the number of RSUs stated above which represents an equivalent value of $[ ] which is the portion of the Participant's [ ] equity award for serving as a non-employee director on the Company's Board of Directors; and WHEREAS, the Company has utilized the price per share of the Company's common Stock as of [ ]. NOW, THEREFORE, in consideration of the mutual covenants and promises hereinafter set forth and for other good and valuable consideration, the receipt and sufficiency of which is hereby acknowledged, the parties hereto hereby mutually covenant and agree as follows: 1. Incorporation By Reference; Plan Document Receipt. This Agreement is subject in all respects to the terms and provisions of the Plan (including, without limitation, any amendments thereto adopted at any time and from time to time unless such amendments are expressly intended not to apply to the Award provided hereunder), all of which terms and provisions are made a part of and incorporated into this Agreement as if they were each expressly set forth herein. Except as provided otherwise herein, any capitalized term not defined in this Agreement shall have the same meaning as is ascribed thereto in the Plan. The Participant hereby acknowledges receipt of a true copy of the Plan and that the Participant has read the Plan carefully and fully understands its content. In the event of any conflict between the terms of this Agreement and the terms of the Plan, the terms of the Plan shall control. View More Arrow
Severability. If any provision of this Agreement is held to be illegal or invalid for any reason, the illegality or invalidity shall not affect the remaining provisions hereof, but such provision shall be fully severable and this Agreement shall be construed and enforced as if the illegal or invalid provision had never been included herein. [Remainder of Page Intentionally Left Blank] 7 6 By signing below, the Participant hereby acknowledges receipt of the RSUs issued on the Grant Date indicated above, which... have been issued under the terms and conditions of the Plan and this Agreement. MIDSTATES PETROLEUM COMPANY, INC. By: Name: Kim Harding Title: Vice President — Human Resources and Administration Accepted by: [Name of Participant] Executive Name Date: Confirmation of Receipt by Company: By: 8 Date: 7 EX-10.1 2 a16-22308_1ex10d1.htm a19-6459_1ex10d1.htm EX-10.1 Exhibit 10.1 MIDSTATES PETROLEUM COMPANY, INC. [DATE] FORM OF DIRECTOR RESTRICTED STOCK UNIT AGREEMENT PURSUANT TO THE 2016 LONG TERM INCENTIVE PLAN (TIME VESTING) * * * * * Participant: Executive Name Grant Date: March 7, 2019 Number of Restricted Stock Units Granted: TBD * * * * * THIS RESTRICTED STOCK UNIT AWARD AGREEMENT (this "Agreement"), dated as of the Grant Date specified above, is entered into by and between MIDSTATES PETROLEUM COMPANY, INC., a corporation organized in the State of Delaware (the "Company"), and the Participant specified above, pursuant to the Midstates Petroleum Company, Inc. 2016 Long Term Incentive Plan, as in effect and as amended from time to time (the "Plan"), which is administered by the Committee (as defined in the Plan); and WHEREAS, it has been determined under the Plan that it would be in the best interests of the Company to grant the Restricted Stock Units ("RSUs") provided herein to the Participant; and WHEREAS, for purposes of this Agreement, the Company has deemed it appropriate to award the Participant with the number of RSUs stated above which represents an equivalent value of $[ ] which is the portion of the Participant's [ ] equity award for serving as a non-employee director on the Company's Board of Directors; and WHEREAS, the Company has utilized the price per share of the Company's common Stock as of [ ]. Participant. NOW, THEREFORE, in consideration of the mutual covenants and promises hereinafter set forth and for other good and valuable consideration, the receipt and sufficiency of which is hereby acknowledged, the parties hereto hereby mutually covenant and agree as follows: 1. Incorporation By Reference; Plan Document Receipt. This Agreement is subject in all respects to the terms and provisions of the Plan (including, without limitation, any amendments thereto adopted at any time and from time to time unless such amendments are expressly intended not to apply to the Award provided hereunder), all of which terms and provisions are made a part of and incorporated into in this Agreement as if they were each expressly set forth herein. Except as provided otherwise herein, any capitalized term not defined in this Agreement shall have the same meaning as is ascribed thereto in the Plan. The Participant hereby acknowledges receipt of a true copy of the Plan and that the Participant has read the Plan carefully and fully understands its content. In the event of any conflict between the terms of this Agreement and the terms of the Plan, the terms of the Plan shall control. View More Arrow
Severability. If any provision of this Agreement is held to be illegal or invalid for any reason, the illegality or invalidity shall not affect the remaining provisions hereof, but such provision shall be fully severable and this Agreement shall be construed and enforced as if the illegal or invalid provision had never been included herein. [Remainder of Page Intentionally Left Blank] 7 By signing below, the Participant hereby acknowledges receipt of the RSUs issued on the Grant Date indicated above, which... have been issued under the terms and conditions of the Plan and this Agreement. MIDSTATES PETROLEUM COMPANY, INC. STONE ENERGY CORPORATION By: Name: David H. Welch Title: Chief Executive Officer and President Accepted by: [Name of Participant] Date: March 1, 2017 Confirmation of Receipt by Company: By: Name: Lisa Jaubert Title: Senior Vice President, General Counsel, Secretary 8 EX-10.1 2 a16-22308_1ex10d1.htm d355685dex101.htm EX-10.1 EX-10.1 Exhibit 10.1 MIDSTATES PETROLEUM COMPANY, INC. [DATE] FORM OF STONE ENERGY CORPORATION MARCH 1, 2017 DIRECTOR RESTRICTED STOCK UNIT AGREEMENT * * * * * Participant: Grant Date: March 1, 2017 Number of Restricted Stock Units Granted: 1 * * * * * THIS RESTRICTED STOCK UNIT AWARD AGREEMENT (this "Agreement"), dated as of the Grant Date specified above, is entered into by and between MIDSTATES PETROLEUM COMPANY, INC., Stone Energy Corporation, a corporation organized in the State of Delaware (the "Company"), and the Participant specified above, pursuant to the Midstates Petroleum Company, Inc. 2016 Stone Energy Corporation 2017 Long Term Incentive Plan, as in effect and as amended from time to time (the "Plan"), which is administered by the Committee (as defined in and the Plan); Board; and WHEREAS, it has been determined under the Plan that it would be in the best interests of the Company to grant the Restricted Stock Units ("RSUs") provided herein to the Participant; and WHEREAS, for purposes of this Agreement, the Company has deemed it appropriate to award the Participant with the number of RSUs stated above which represents an equivalent value of $[ ] ]2 which is the portion value of the Participant's [ ] Plan Year 2017 equity award for serving as a non-employee director on the Company's Board of Directors; and WHEREAS, the Company has utilized the price per share of the Company's common Common Stock as of [ ]. the date of the Company's emergence from bankruptcy which was established to be $18.56 per share as of February 28, 2017. NOW, THEREFORE, in consideration of the mutual covenants and promises hereinafter set forth and for other good and valuable consideration, the receipt and sufficiency of which is hereby acknowledged, the parties hereto hereby mutually covenant and agree as follows: 1. Incorporation By Reference; Plan Document Receipt. This Agreement is subject in all respects to the terms and provisions of the Plan (including, without limitation, any amendments thereto adopted at any time and from time to time unless such amendments are 1 Chairman = 13,082 RSUs; other Board members = 9,811 RSUs. 2 Chairman = $242,800; other Board members = $182,100 expressly intended not to apply to the Award provided hereunder), all of which terms and provisions are made a part of and incorporated into this Agreement as if they were each expressly set forth herein. Except as provided otherwise herein, any capitalized term not defined in this Agreement shall have the same meaning as is ascribed thereto in the Plan. The Participant hereby acknowledges receipt of a true copy of the Plan and that the Participant has read the Plan carefully and fully understands its content. In the event of any conflict between the terms of this Agreement and the terms of the Plan, the terms of the Plan shall control. View More Arrow
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