Grant of Phantom Stock. Subject to the terms and conditions of this Agreement, the Company’s Long-Term Stock Incentive Plan (the “Plan”), and the Questar Corporation Deferred Compensation Plan for Directors (the “Director Plan”), the Company hereby issues to Grantee _____________ shares of Phantom Stock. Each share of Phantom Stock shall be equal in value to one share of the Company’s common stock, no par value (“Common Stock”), and shall, once vested, entitle the Grantee to payment as provided herein and in the Director Plan. The Phantom Stock is issued as of the Effective Date and on such date the Common Stock of the Company has a Fair Market Value of $_____________ per share.
Grant of Phantom Stock. Subject to the conditions and restrictions set forth below and in the Plan, the Company hereby grants to the Participant as of the Date of Grant, an Award of 130,318 shares of Phantom Stock (the “Phantom Shares”). The Phantom Shares awarded hereunder shall be comprised of:
(i) 65,159 Financial Performance Phantom Shares, and
(ii) 65,159 Available Days Phantom Shares.
Grant of Phantom Stock. The Company hereby grants to the Director under the Plan the number of shares of Phantom Stock indicated on the first page of this Agreement subject to the terms and conditions set forth in this Agreement and the Plan.
Grant of Phantom Stock. (a) Subject to the terms and conditions hereinafter set forth, SFI, with the approval and at the direction of the Board, hereby grants to the Holder, as of the Date of Grant, ______ shares of Phantom Common Stock of SFI ("Phantom Stock" or the "Award" as the case may be) at an award value of $__________ per share ("Award Value"), which value per share is at or above the present fair market value of SFI common stock ("Common Stock").
Grant of Phantom Stock. On the first business day on or after January 15, April 15, July 15, and October 15 of each year, each individual then serving as a Non-employee Director automatically shall be granted a number of shares of Phantom Stock equal to the result of the “Grant Amount” divided by the Fair Market Value of a Share on the Grant Date. On any Grant Date, the Grant Amount will equal the sum of (a) $8,500, plus (b) the dollar value of any shortfall below $4,000 in the initial value of “Stock Units” (as defined in the Equity Plan) to be granted to the Non-employee Director under the Equity Plan on that date.
Grant of Phantom Stock. Subject to the terms and conditions of this Agreement, the QEP Resources, Inc. 2010 Long-Term Stock Incentive Plan, as may be amended from time to time (the “Plan”), and the QEP Resources, Inc. Deferred Compensation Plan for Directors, as may be amended from time to time (the “Director Plan”), for good and valuable consideration, on the Effective Date, the Company hereby issues to Grantee [_____] shares of Phantom Stock. Each share of Phantom Stock shall be equal in value to one share of the Company’s common stock, $.01 par value (“Common Stock”), and shall, once vested, entitle Grantee to payment as provided herein and in the Director Plan.
Grant of Phantom Stock. These terms and conditions evidence the grant by the Company to the Participant of Phantom Stock, which may be exercised in accordance with the terms and subject to the conditions hereinafter set forth. The date of grant of the Phantom Stock is [__________,__], 2000 the date on which the grant of the Phantom Stock was approved in accordance with the Plan. The aggregate number of shares of Class A-2 5% Convertible Preferred Stock ("Stock") of the Company covered by the Phantom Stock in this Award is [________]. The Phantom Stock will vest immediately.
Grant of Phantom Stock. In lieu of the automatic annual grant of stock options to the Director under the Company’s 2002 Incentive Plan (the “Incentive Plan”), which would otherwise be made on June 2, 2003 (all rights to or in respect of which the Director hereby relinquishes and waives), the Company hereby grants to the Director hypothetical shares of the Company’s common stock, which shall be credited to a bookkeeping account with the Company. Each such hypothetical share will be equal in value to one of the Company’s currently outstanding shares of common stock, par value $1.00 per share, (a “Share”).
Grant of Phantom Stock. Pursuant to and subject to the terms and conditions set forth herein and in the Plan, the Committee hereby confirms the grant to Participant of [_____] shares of Phantom Stock, subject to the restrictions set forth herein (the “Phantom Stock”). Each share of Phantom Stock constitutes a conditional right of Participant to receive a cash payment equal to the Fair Market Value (as defined below) of one share of the Company’s common stock, par value $0.01 per share (“Common Stock”), such settlement to occur if and at such time as the Phantom Stock vests. The Phantom Stock is a Performance Award granted under Sections 6(i) and (7) of the Plan and is subject to the risk of forfeiture and other restrictions specified in this Agreement. In no event will actual shares of Common Stock be delivered in settlement of Phantom Stock. All terms, conditions and restrictions of the Plan are incorporated herein and made part hereof as if stated herein. If there is any conflict between the terms and conditions of the Plan and this Agreement, the terms and conditions of the Plan as interpreted by the Committee shall govern.
Grant of Phantom Stock. The Company hereby grants to the Grantee an award of Phantom Stock (the “Award”) in respect of the number of Shares set out in an electronic notification by the Company’s stock option plan administrator (the “Plan Administrator”). This Agreement shall be construed in accordance and consistent with, and subject to, the provisions of the Plan (the provisions of which are hereby incorporated by reference) and, except as otherwise expressly set forth herein, the capitalized terms used in this Agreement shall have the same definitions as set forth in the Plan.
