INDEPENDENCE CONTRACT DRILLING, INC. OUTSIDE DIRECTOR RESTRICTED STOCK UNIT AWARD AGREEMENT (TIME VESTING / 1/3 CASH SETTLEMENT OPTION) Director Grantee: NAME 1. Grant of Restricted Stock Unit Award. (a) As of _________, the date of this agreement...Restricted Stock Unit Award Agreement • February 13th, 2020 • Independence Contract Drilling, Inc. • Drilling oil & gas wells • Delaware
INDEPENDENCE CONTRACT DRILLING, INC. RESTRICTED STOCK UNIT AWARD AGREEMENT (TIME VESTING) Cash Settlement Grantee: NAME 1. Grant of Restricted Stock Unit Award. (a) As of _____________, the date of this agreement (this “Agreement”), Independence...Restricted Stock Unit Award Agreement • February 13th, 2020 • Independence Contract Drilling, Inc. • Drilling oil & gas wells • Delaware
INDEPENDENCE CONTRACT DRILLING, INC. PERFORMANCE UNIT AWARD AGREEMENT TOTAL SHAREHOLDER RETURN CASH SETTLEMENT Grantee: [NAME] 1. Grant of Performance Unit Award. (a) As of [DATE] (the “Effective Date”), the date of this agreement (this “Agreement”),...Performance Unit Award Agreement • February 13th, 2020 • Independence Contract Drilling, Inc. • Drilling oil & gas wells • Delaware
INDEPENDENCE CONTRACT DRILLING, INC. PERFORMANCE UNIT AWARD AGREEMENT Return on Invested Capital 100% Cash Settlement Grantee: NAME 1. Grant of Performance Unit Award. (a) As of ___________ (the “Effective Date”), the date of this agreement (this...Performance Unit Award Agreement • February 13th, 2020 • Independence Contract Drilling, Inc. • Drilling oil & gas wells • Delaware
