Common use of Incentive Compensation (Cash) Clause in Contracts

Incentive Compensation (Cash). (i) Executive shall be eligible to receive cash incentive compensation (any such compensation, a “Cash Incentive”) pursuant to the short-term incentive program for Ultra established by the Compensation Committee for senior executives of Ultra (such program, an “AIP”). Executive’s target Cash Incentive amount shall be equal to ninety percent (90%) of Executive’s Base Salary (the “Target AIP Amount”). (ii) Executive’s Target AIP Amount will be reviewed at least annually by the Compensation Committee and may be adjusted in its sole discretion. (iii) During the first quarter after the end of the performance period applicable to an AIP, the Compensation Committee will evaluate Ultra’s performance compared to the performance targets and goals in the then-applicable AIP and determine the aggregate amount that has been earned by participants under the AIP. Thereafter, the Compensation Committee shall determine, taking into account Executive’s performance, the amount of any AIP payout to Executive, which may be between 0% and 200% of Executive’s Target AIP Amount, and cause Ultra Resources to pay the applicable Cash Incentive, if any, to Executive. (iv) Executive must be employed by Ultra on the date a Cash Incentive is to be paid in order to receive the payment.

Incentive Compensation (Cash). (i) Executive shall be eligible to receive cash incentive compensation (any such compensation, a “Cash Incentive”) pursuant to the short-term incentive program for Ultra established by the Compensation Committee for senior executives of Ultra (such program, an the “AIP”). Executive’s target Cash Incentive amount shall be equal to ninety fifty percent (9050%) of Executive’s Base Salary (the “Target AIP Amount”). (ii) Executive’s Target AIP Amount will be reviewed at least annually by the Compensation Committee and may be adjusted in its sole discretion. (iii) During the first quarter after the end of the performance period applicable to an AIP, the Compensation Committee will evaluate Ultra’s performance compared to the performance targets and goals in the then-applicable AIP and determine the aggregate amount that has been earned by participants under the AIP. Thereafter, the Compensation Committee shall determine, taking into account Executive’s performance, the amount of any AIP payout to Executive, which may be between 0% and 200% of Executive’s Target AIP Amount, and cause Ultra Resources to pay the applicable Cash Incentive, if any, to ExecutiveExecutive by no later than March 15th of the calendar year following the end of the performance period. (iv) Executive must be employed by Ultra on the date a Cash Incentive is to be paid in order to receive the payment.. KE 60566488

Incentive Compensation (Cash). (i) Executive shall be eligible to receive cash incentive compensation (any such compensation, a “Cash Incentive”) pursuant to the short-term incentive program for Ultra established by the Compensation Committee for senior executives of Ultra (such program, an the “AIP”). Executive’s target Cash Incentive amount shall be equal to ninety seventy-five percent (9075%) of Executive’s Base Salary (the “Target AIP Amount”). (ii) Executive’s Target AIP Amount will be reviewed at least annually by the Compensation Committee and may be adjusted in its sole discretion. (iii) During the first quarter after the end of the performance period applicable to an AIP, the Compensation Committee will evaluate Ultra’s performance compared to the performance targets and goals in the then-applicable AIP and determine the aggregate amount that has been earned by participants under the AIP. Thereafter, the Compensation Committee shall determine, taking into account Executive’s performance, the amount of any AIP payout to Executive, which may be between 0% and 200% of Executive’s Target AIP Amount, and cause Ultra Resources to pay the applicable Cash Incentive, if any, to ExecutiveExecutive by no later than March 15th of the calendar year following the end of the performance period. (iv) Executive must be employed by Ultra on the date a Cash Incentive is to be paid in order to receive the payment.. KE 60488057

Incentive Compensation (Cash). (i) Executive shall be eligible to receive cash incentive compensation (any such compensation, a “Cash Incentive”) pursuant to the short-term incentive program for Ultra established by the Compensation Committee for senior executives of Ultra (such program, an the “AIP”). Executive’s target Cash Incentive amount shall be equal to ninety one hundred percent (90100%) of Executive’s Base Salary (the “Target AIP Amount”). (ii) Executive’s Target AIP Amount will be reviewed at least annually by the Compensation Committee and may be adjusted in its sole discretion. (iii) During the first quarter after the end of the performance period applicable to an AIP, the Compensation Committee will evaluate Ultra’s performance compared to the performance targets and goals in the then-applicable AIP and determine the aggregate amount that has been earned by participants under the AIP. Thereafter, the Compensation Committee shall determine, taking into account Executive’s performance, the amount of any AIP payout to Executive, which may be between 0% and 200% of Executive’s Target AIP Amount, and cause Ultra Resources to pay the applicable Cash Incentive, if any, to ExecutiveExecutive by no later than March 15th of the calendar year following the end of the performance period. (iv) Executive must be employed by Ultra on the date a Cash Incentive is to be paid in order to receive the payment.

Incentive Compensation (Cash). (i) Executive shall be eligible to receive cash incentive compensation (any such compensation, a “Cash Incentive”) pursuant to the short-term incentive program for Ultra established by the Compensation Committee for senior executives of Ultra (such program, an the “AIP”). Executive’s target Cash Incentive amount shall be equal to ninety seventy-five percent (9075%) of Executive’s Base Salary (the “Target AIP Amount”). (ii) Executive’s Target AIP Amount will be reviewed at least annually by the Compensation Committee and may be adjusted in its sole discretion. (iii) During the first quarter after the end of the performance period applicable to an AIP, the Compensation Committee will evaluate Ultra’s performance compared to the performance targets and goals in the then-applicable AIP and determine the aggregate amount that has been earned by participants under the AIP. Thereafter, the Compensation Committee shall determine, taking into account Executive’s performance, the amount of any AIP payout to Executive, which may be between 0% and 200% of Executive’s Target AIP Amount, and cause Ultra Resources to pay the applicable Cash Incentive, if any, to ExecutiveExecutive by no later than March 15th of the calendar year following the end of the performance period. (iv) Executive must be employed by Ultra on the date a Cash Incentive is to be paid in order to receive the payment.

Incentive Compensation (Cash). (i) Executive shall be eligible to receive cash incentive compensation (any such compensation, a “Cash Incentive”) pursuant to the short-term incentive program for Ultra established by the Compensation Committee for senior executives of Ultra (such program, an the “AIP”). Executive’s target Cash Incentive amount shall be equal to ninety fifty percent (9050%) of Executive’s Base Salary (the “Target AIP Amount”). (ii) Executive’s Target AIP Amount will be reviewed at least annually by the Compensation Committee and may be adjusted in its sole discretion. (iii) During the first quarter after the end of the performance period applicable to an AIP, the Compensation Committee will evaluate Ultra’s performance compared to the performance targets and goals in the then-applicable AIP and determine the aggregate amount that has been earned by participants under the AIP. Thereafter, the Compensation Committee shall determine, taking into account Executive’s performance, the amount of any AIP payout to Executive, which may be between 0% and 200% of Executive’s Target AIP Amount, and cause Ultra Resources to pay the applicable Cash Incentive, if any, to ExecutiveExecutive by no later than March 15th of the calendar year following the end of the performance period. (iv) Executive must be employed by Ultra on the date a Cash Incentive is to be paid in order to receive the payment.

Incentive Compensation (Cash). (i) Executive shall be eligible to receive cash incentive compensation (any such compensation, a “Cash Incentive”) pursuant to the short-term incentive program for Ultra established by the Compensation Committee for senior executives of Ultra (such program, an “AIP”). Executive’s target Cash Incentive amount shall be equal to ninety seventy-five percent (9075%) of Executive’s Base Salary (the “Target AIP Amount”). (ii) Executive’s Target AIP Amount will be reviewed at least annually by the Compensation Committee and may be adjusted in its sole discretion. (iii) During the first quarter after the end of the performance period applicable to an AIP, the Compensation Committee will evaluate Ultra’s performance compared to the performance targets and goals in the then-applicable AIP and determine the aggregate amount that has been earned by participants under the AIP. Thereafter, the Compensation Committee shall determine, taking into account Executive’s performance, the amount of any AIP payout to Executive, which may be between 0% and 200% of Executive’s Target AIP Amount, and cause Ultra Resources to pay the applicable Cash Incentive, if any, to Executive. (iv) Executive must be employed by Ultra on the date a Cash Incentive is to be paid in order to receive the payment.