March 1, 2011 [Name] Dear [Name]:Participant Award Agreement • April 28th, 2011 • EQT Corp • Natural gas transmisison & distribution
Pursuant to the terms and conditions of the Company’s 2009 Long-Term Incentive Plan (the “Plan”) and the 2011 Volume and Efficiency Program (the “Program”), effective March 1, 2011, the Compensation Committee of the Board of Directors of EQT Corporation (the “Company”) grants you «Number Shares» Target Share Units (the “Award”), the value of which is determined by reference to the Company’s common stock. The terms and conditions of the Award, including, without limitation, vesting, allocation of Target Share Units among Performance Periods (as defined in the Program) and distribution, shall be governed by the provisions of the Program document attached hereto as Exhibit A, provided that the Award is also subject to the terms and limits included within the Plan. The Compensation Committee retains the discretion to distribute the Award in cash, Company stock or any combination thereof.
