Common use of Grant of Phantom Shares Clause in Contracts

Grant of Phantom Shares. As of the Grant Date (identified in Section 12 below), Xxxxxx Petroleum Company (the “Company”), hereby grants ______ Phantom Shares (“Phantom Shares”) to the Grantee identified above, a key employee of the Company, subject to the terms and conditions of this agreement (the “Agreement”) and the Xxxxxx Petroleum Company 2011 Omnibus Incentive Plan, as amended (the “Plan”). The Plan is hereby incorporated in its entirety into this Agreement by this reference. This Agreement is an Incentive Agreement as described in the Plan.

Grant of Phantom Shares. As of the Grant Date (identified in Section 12 11 below), Xxxxxx Cxxxxx Petroleum Company (the “Company”), hereby grants ______ Phantom Shares (“Phantom Shares”) to the Grantee identified above, a key employee of the Company, subject to the terms and conditions of this agreement (the “Agreement”) and the Xxxxxx Cxxxxx Petroleum Company 2011 Omnibus Incentive Plan, as amended (the “Plan”). The Plan is hereby incorporated in its entirety into this Agreement by this reference. This Agreement is an Incentive Agreement as described in the Plan.

Grant of Phantom Shares. As of the Grant Date (identified in Section 12 11 below), Xxxxxx Petroleum Company (the “Company”), hereby grants ______ Phantom Shares (“Phantom Shares”) to the Grantee identified above, a key employee of the Company, subject to the terms and conditions of this agreement (the “Agreement”) and the Xxxxxx Petroleum Company 2011 Omnibus Incentive Plan, as amended (the “Plan”). The Plan is hereby incorporated in its entirety into this Agreement by this reference. This Agreement is an Incentive Agreement as described in the Plan.