PARSLEY ENERGY OPERATIONS, LLC EMPLOYMENT, CONFIDENTIALITY, AND NON-COMPETITION AGREEMENTNon-Competition Agreement • February 28th, 2018 • Parsley Energy, Inc. • Crude petroleum & natural gas • Texas
For good and valuable consideration set forth herein, this Employment, Confidentiality, and Non-Competition Agreement (“Agreement”) is executed as of the date set forth below and effective upon the closing of the initial public offering of Parsley Energy, Inc., a corporation organized under the laws of the State of Delaware (“Parsley Inc.”) (the “Effective Date”), by and between: (i) Parsley Energy Operations, LLC (“Parsley”) and (ii) Michael Hinson, a natural person (“Employee”) (Employee and Parsley each a “Party” and collectively “Parties” herein). In the event the initial public offering of Parsley Inc. does not close on or before the two-year anniversary of the date this Agreement is executed by the Parties, this Agreement shall never become effective and shall have no force or effect.
PARSLEY ENERGY OPERATIONS, LLC FIRST AMENDMENT TO EMPLOYMENT, CONFIDENTIALITY, AND NON-COMPETITION AGREEMENTNon-Competition Agreement • February 28th, 2018 • Parsley Energy, Inc. • Crude petroleum & natural gas
WHEREAS, Parsley Energy Operations, LLC (“Parsley”) and Michael Hinson, a natural person (“Employee”) (Employee and Parsley each referred to as a “Party” and, collectively, as the “Parties” herein) entered into an Employment, Confidentiality, and Non-Competition Agreement, effective as of May 29, 2014 (the “Agreement”); and
PARSLEY ENERGY, INC. RESTRICTED STOCK AGREEMENTTerm Incentive Plan • February 28th, 2018 • Parsley Energy, Inc. • Crude petroleum & natural gas • Delaware
This Agreement is made and entered into as of the “Date of Grant” set forth in the Notice of Grant of Restricted Stock (the “Notice of Grant”) by and between Parsley Energy, Inc., a Delaware corporation (the “Company”), and you;
NOTICE OF GRANT OF RESTRICTED STOCK (Performance-Based)Parsley Energy, Inc. • February 28th, 2018 • Crude petroleum & natural gas
Pursuant to the terms and conditions of the Parsley Energy, Inc. 2014 Long Term Incentive Plan, attached as Appendix A (the “Plan”), and the associated Restricted Stock Agreement, attached as Appendix B (the “Agreement”), you are hereby issued shares of Stock, subject to certain restrictions thereon, and under the terms and conditions set forth below, in the Agreement, and in the Plan (the “Restricted Shares”). Capitalized terms used but not defined herein shall have the meanings set forth in the Plan.
