Form Of Stock Option And Restricted Stock Agreement. Sample Contracts

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Petroleum Development Corporation – Form of Stock Option and Restricted Stock Agreement. (April 10th, 2007)

The Compensation Committee has approved and the Board of Directors has ratified the grant of restricted stock ("Stock") and an option to purchase common capital stock ("the Option") of Petroleum Development Corporation pursuant to the 2004 Long-Term Equity Compensation ("the Plan") approved by the shareholders of Petroleum Development Corporation at the Annual Meeting on June 11, 2004.

Petroleum Development Corporation – Form of Stock Option and Restricted Stock Agreement. (March 21st, 2006)

The Compensation Committee has approved and the Board of Directors has ratified the grant of restricted stock ("Stock") and an option to purchase common capital stock ("the Option") of Petroleum Development Corporation pursuant to the 2004 Long-Term Equity Compensation ("the Plan") approved by the shareholders of Petroleum Development Corporation at the Annual Meeting on June 11, 2004.

Petroleum Development Corporation – Form of Stock Option and Restricted Stock Agreement. (December 16th, 2004)

The Compensation Committee has approved and the Board of Directors has ratified the grant of restricted stock ("Stock") and an option to purchase common capital stock ("the Option") of Petroleum Development Corporation pursuant to the 2004 Long-Term Equity Compensation ("the Plan") approved by the shareholders of Petroleum Development Corporation at the Annual Meeting on June 11, 2004.