0001534504-20-000087 Sample Contracts

PBF ENERGY INC. AMENDED AND RESTATED 2017 EQUITY INCENTIVE PLAN PERFORMANCE UNIT AWARD AGREEMENT 2021- 2023 PERFORMANCE PERIOD
Equity Incentive Plan • November 13th, 2020 • PBF Energy Inc. • Petroleum refining • Delaware

As evidenced by this Award Agreement under the PBF Energy Inc. Amended and Restated 2017 Equity Incentive Plan (the “Plan”), PBF ENERGY INC. (the “Company”) has granted to [Name] (the “Grantee”), an employee of the Company Group, on [Date] (the “Grant Date”), [Number of Units] performance units (“Performance Units”), conditioned upon the Company’s TSR ranking relative to the Peer Group for the Performance Period as established by the Compensation Committee of the Board of Directors of the Company (the “Committee”), and as set forth herein. The Performance Units are subject to the following terms and conditions:

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PBF ENERGY INC. AMENDED AND RESTATED 2017 EQUITY INCENTIVE PLAN PERFORMANCE SHARE UNIT AWARD AGREEMENT 2021- 2023 PERFORMANCE PERIOD
Equity Incentive Plan • November 13th, 2020 • PBF Energy Inc. • Petroleum refining • Delaware

As evidenced by this Award Agreement under the PBF Energy Inc. Amended and Restated 2017 Equity Incentive Plan (the “Plan”), PBF ENERGY INC. (the “Company”) has granted to [Name] (the “Grantee”), an employee of the Company Group, on [Date] (the “Grant Date”), [Number of Performance Share Units] performance share units (“Performance Share Units”), representing the right to receive shares of Common Stock of the Company, conditioned upon the Company’s TSR ranking relative to the Peer Group for the Performance Period as established by the Compensation Committee of the Board of Directors of the Company (the “Committee”), and as set forth herein.

PBF ENERGY INC. AMENDED AND RESTATED 2017 EQUITY INCENTIVE PLAN NON-QUALIFIED STOCK OPTION AGREEMENT
2017 Equity Incentive Plan • November 13th, 2020 • PBF Energy Inc. • Petroleum refining • Delaware

THIS AGREEMENT (the “Agreement”), is made effective as of the date set forth on the signature page hereto (the “Date of Grant”), between PBF Energy Inc. (the “Company”) and the individual named on the signature page hereto (the “Grantee”).

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