EXECUTIVE EMPLOYMENT AGREEMENTExecutive Employment Agreement • May 4th, 2016 • Gran Tierra Energy Inc. • Crude petroleum & natural gas • Alberta
In consideration of the above and for other good and valuable consideration, including enhancements to the Executive’s entitlement to an annual bonus and increasing the amount payable to the Executive in the event the Executive’s employment is terminated without cause or terminated contemporaneously with a Change of Control (as defined below), the Parties agree as follows:
SEVERANCE AGREEMENT AND RELEASESeverance Agreement • May 4th, 2016 • Gran Tierra Energy Inc. • Crude petroleum & natural gas • Alberta
This Severance Agreement and Release (the “Agreement”) is made by and between Duncan Nightingale (“Nightingale”) and Gran Tierra Energy Inc. (the “Company”) entered in to April 6, 2016 and effective as of February 19, 2016 (the “Effective Date”). Nightingale and the Company are collectively referred to herein as the “Parties”.
Gran Tierra Energy Inc. Performance Stock Unit Award AgreementPerformance Stock Unit Award Agreement • May 4th, 2016 • Gran Tierra Energy Inc. • Crude petroleum & natural gas
Pursuant to the Performance Stock Unit Grant Notice (the “Grant Notice”) and this Performance Stock Unit Award Agreement (the “Agreement”), Gran Tierra Energy Inc. (the “Company”) has awarded you a Performance Stock Unit Award (the “Award”) under the Company’s 2007 Equity Incentive Plan (the “Plan”) for the target number of Performance Stock Units indicated in the Grant Notice. Capitalized terms not explicitly defined in this Agreement but defined in the Plan will have the same definitions as in the Plan. Except as otherwise explicitly provided herein, in the event of any conflict between the terms of this Agreement and the Plan, the terms of the Plan shall control.
