AMENDMENT NO. 1 TO THE EMPLOYEE RESTRICTED STOCK AWARD TOREADOR RESOURCES CORPORATION 2005 LONG-TERM INCENTIVE PLAN
Exhibit 10.41
AMENDMENT NO. 1
TO THE EMPLOYEE RESTRICTED STOCK AWARD
TO THE EMPLOYEE RESTRICTED STOCK AWARD
TOREADOR RESOURCES CORPORATION
2005 LONG-TERM INCENTIVE PLAN
2005 LONG-TERM INCENTIVE PLAN
This
AMENDMENT NO. ___ (this “Amendment”) is made as of this 2nd day of May, 2007 by and
between Toreador Resources Corporation, a Delaware corporation (the “Company”), and
___ (the “Participant”), to that certain Restricted Stock Award Agreement (the
“Agreement”) by and between the Company and the Participant dated May 19, 2005. Terms used in
this Amendment with initial capital letters that are not otherwise defined herein shall have the
meanings ascribed to such terms in the Agreement, or to the extent such terms are not defined in
the Agreement, the meanings ascribed to such terms in the Toreador Resources Corporation 2005
Long-Term Incentive Plan (the “Plan”).
WHEREAS, pursuant to Section 20 of the Agreement, the Agreement may be amended if the
amendment is in writing and signed by the Company and the Participant; and
WHEREAS, the Company and the Participant desire to amend the Agreement.
NOW, THEREFORE, in consideration of the mutual promises, conditions and covenants contained
herein and in the Agreement, and for other good and valuable consideration, the Company and the
Participant hereby amend the Agreement as follows:
1. | Section 3 of the Agreement is hereby amended by modifying Section 3(b) as set forth below and deleting Section 3(c): | ||
The remaining seventy-three percent (73%) of the total Awarded Shares shall vest on the second anniversary of the Date of Grant, provided the Participant is providing services to the Company or a subsidiary on that date | |||
2. | Except as amended hereby, the terms of the Agreement shall remain in full effect. |
IN WITNESS WHEREOF, the parties have executed this Amendment effective as of the day and year
first set forth above.
TOREADOR RESOURCES CORPORATION | ||||||
By: | ||||||
Name: | ||||||
PARTICIPANT | ||||||
By: | ||||||
Name: | ||||||