Common use of LTIP Restricted Stock Clause in Contracts

LTIP Restricted Stock. Under the LTIP, the Company has granted to Employee 60,893 shares of the Company’s restricted common stock (the “Restricted Shares”). The Restricted Shares shall vest or be forfeited pursuant to the Double Eagle Petroleum Co. Restricted Stock Grant Terms (the “Grant Terms”) adopted by the Compensation Committee of the Board of Directors. Should there be any conflict or potential conflict between the terms of this Agreement and the Grant Terms with respect to the vesting or forfeiture of the Restricted Shares, the Grant Terms shall govern.

LTIP Restricted Stock. Under the LTIP, the Company has granted to Employee 60,893 211,931 shares of the Company’s restricted common stock (the “Restricted Shares”). The Restricted Shares shall vest or be forfeited pursuant to the Double Eagle Petroleum Co. Restricted Stock Grant Terms (the “Grant Terms”) adopted by the Compensation Committee of the Board of Directors. Should there be any conflict or potential conflict between the terms of this Agreement and the Grant Terms with respect to the vesting or forfeiture of the Restricted Shares, the Grant Terms shall govern.

LTIP Restricted Stock. Under the LTIP, the Company has granted to Employee 60,893 70,644 shares of the Company’s restricted common stock (the “Restricted Shares”). The Restricted Shares shall vest or be forfeited pursuant to the Double Eagle Petroleum Co. Restricted Stock Grant Terms (the “Grant Terms”) adopted by the Compensation Committee of the Board of Directors. Should there be any conflict or potential conflict between the terms of this Agreement and the Grant Terms with respect to the vesting or forfeiture of the Restricted Shares, the Grant Terms shall govern.

LTIP Restricted Stock. Under the LTIP, the Company has granted to Employee 60,893 133,438 shares of the Company’s restricted common stock (the “Restricted Shares”). The Restricted Shares shall vest or be forfeited pursuant to the Double Eagle Petroleum Co. Restricted Stock Grant Terms (the “Grant Terms”) adopted by the Compensation Committee of the Board of Directors. Should there be any conflict or potential conflict between the terms of this Agreement and the Grant Terms with respect to the vesting or forfeiture of the Restricted Shares, the Grant Terms shall govern.