Participant Award Agreement Sample Contracts

Date] [Name] [Address] [City, State and Zip Code] Dear [Name] :
Participant Award Agreement • July 29th, 2009 • EQT Corp • Natural gas transmisison & distribution

Pursuant to the terms and conditions of the 2009 Long-Term Incentive Plan (the “Plan”), the Compensation Committee of the Board of Directors of EQT Corporation (the “Company”) granted you a Restricted Stock Award (the “Award”) for restricted shares of the Company’s common stock as outlined below.

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January 1, 2019 Dear [Name]:
Participant Award Agreement • February 14th, 2019 • EQT Corp • Crude petroleum & natural gas

Pursuant to the terms and conditions of the EQT Corporation 2014 Long-Term Incentive Plan (as amended from time to time, the “Plan”), the Management Development and Compensation Committee (“Committee”) of the Board of Directors (“Board”) of EQT Corporation (the “Company”) has granted you Non-Qualified Stock Options (the “Options”) to purchase shares of the Company’s common stock as outlined below.

Grant Date], 2018 Dear [Name]:
Participant Award Agreement • February 14th, 2019 • EQT Corp • Crude petroleum & natural gas

Pursuant to the terms and conditions of the EQT Corporation 2014 Long-Term Incentive Plan (as amended from time to time, the “Plan”) and the 2018 Incentive Performance Share Unit Program (the “Program”), effective January 1, 2018, the Management Development and Compensation Committee (the “Committee”) of the Board of Directors of EQT Corporation (the “Company”) grants you «NumberUnits» Target Performance Share Units (the “Award”), the value of which is determined by reference to the Company’s common stock. The terms and conditions of the Award, including, without limitation, vesting and distribution, shall be governed by the provisions of this Participant Award Agreement and the Program document attached hereto as Exhibit A; provided that the Award is also subject to the terms and limits included within the Plan. As approved, the Award will be settled in [Alternative 1: shares of Company common stock] [Alternative 2: cash]; however, the Committee retains the discretion to settle the Aw

January 1, 2012 [Name] [Street Address] [City, State, Zip Code] Dear [Name]:
Participant Award Agreement • February 16th, 2012 • EQT Corp • Natural gas transmisison & distribution

Pursuant to the terms and conditions of the EQT Corporation 2009 Long-Term Incentive Plan (the “Plan”) and the 2012 Executive Performance Incentive Program (the “Program”), effective January 1, 2012, the Compensation Committee of the Board of Directors of EQT Corporation (the “Company”) grants you «NumberUnits» Target Share Units (the “Award”), the value of which is determined by reference to the Company’s common stock. The terms and conditions of the Award, including, without limitation, vesting and distribution, shall be governed by the provisions of the Program document attached hereto as Exhibit A, provided that the Award is also subject to the terms and limits included within the Plan. The Compensation Committee retains the discretion to distribute the Award in cash, Company stock or any combination thereof.

Name] [Address] [Address] Re: 20[ ] Phantom Stock Award – Stock Settled
Participant Award Agreement • April 30th, 2019 • Equitrans Midstream Corp • Natural gas transmission

On [Date], you were awarded [__] fully-vested stock units under the Equitrans Midstream Corporation 2018 Long-Term Incentive Plan (the “LTIP”), which have been credited to a subaccount of your Phantom Stock Account (the “2019 Phantom Award Subaccount – Stock”) under Article IV of the Equitrans Midstream Corporation Directors’ Deferred Compensation Plan (the “Deferred Compensation Plan”). Capitalized terms used herein and not otherwise defined have the meanings given such terms in the LTIP and/or the Deferred Compensation Plan (collectively, the “Plans”), as appropriate.

Date] Dear [Name]:
Participant Award Agreement • February 20th, 2014 • EQT Corp • Crude petroleum & natural gas

Pursuant to the terms and conditions of the EQT Corporation 2009 Long-Term Incentive Plan (the “Plan”), the Management Development and Compensation Committee of the Board of Directors (“Board”) of EQT Corporation (the “Company”) has granted you Non-Qualified Stock Options (the “Options”) to purchase shares of the Company’s common stock as outlined below.

PARTICIPANT AWARD AGREEMENT
Participant Award Agreement • February 23rd, 2007 • Equitable Resources Inc /Pa/ • Natural gas transmisison & distribution

Pursuant to the terms and conditions of the Company’s 1999 Non-Employee Directors Stock Incentive Plan (the “Plan”), the Compensation Committee of the Board of Directors of Equitable Resources, Inc. granted you a Non-Qualified Stock Option (the “Option”) to purchase shares of the Company’s common stock as outlined below.

Name] [Street Address] [City, State, Zip Code] Re: 20[___] Phantom Stock Award Dear [Name]:
Participant Award Agreement • October 29th, 2009 • EQT Corp • Natural gas transmisison & distribution

On [________], [_______] you were awarded [_____] fully-vested stock units under the EQT Corporation 2009 Long-Term Incentive Plan (the “LTIP”), which have been credited to your Phantom Stock Account under Article IV of the 2005 Directors’ Deferred Compensation Plan (the “Deferred Compensation Plan”). Capitalized terms used herein and not otherwise defined have the meanings given such term in the LTIP and/or the Deferred Compensation Plan (the “Plans”), as appropriate.

PARTICIPANT AWARD AGREEMENT
Participant Award Agreement • February 23rd, 2007 • Equitable Resources Inc /Pa/ • Natural gas transmisison & distribution

Pursuant to the terms and conditions of the Company’s 1999 Long-Term Incentive Plan (the “Plan”), the Compensation Committee of the Board of Directors of Equitable Resources, Inc. granted you a Restricted Stock Award (the “Award”) for shares of the Company’s common stock as outlined below.

PARTICIPANT AWARD AGREEMENT
Participant Award Agreement • April 28th, 2020 • Equitrans Midstream Corp • Natural gas transmission

Pursuant to the terms and conditions of the Equitrans Midstream Corporation 2018 Long-Term Incentive Plan (as amended from time to time, the “Plan”) and the 2020 Performance Share Unit Program (the “Program”), effective January 1, 2020, the Management Development and Compensation Committee (the “Committee”) of the Board of Directors of Equitrans Midstream Corporation (the “Company”) grants you «NumberUnits» Target Performance Share Units (the “Award”), the value of which is determined by reference to the Company’s common stock. The terms and conditions of the Award, including, without limitation, vesting and distribution, shall be governed by the provisions of this Participant Award Agreement and the Program document attached hereto as Exhibit A; provided that the Award is also subject to the terms and limits included within the Plan. As approved, the Award will be settled in shares of Company common stock; however, the Committee retains the discretion to settle the Award in cash, Comp

Date] [Name and address] Dear [Name]:
Participant Award Agreement • February 24th, 2011 • EQT Corp • Natural gas transmisison & distribution

Pursuant to the terms and conditions of the EQT Corporation 2009 Long-Term Incentive Plan (the “Plan”), the Compensation Committee of the Board of Directors (“Board”) of EQT Corporation (the “Company”) has granted you Non-Qualified Stock Options (the “Options”) to purchase shares of the Company’s common stock as outlined below.

Grant Date], 2015 Dear [Name]:
Participant Award Agreement • February 12th, 2015 • EQT Corp • Crude petroleum & natural gas

Pursuant to the terms and conditions of the EQT Corporation 2014 Long-Term Incentive Plan (as amended from time to time, the “Plan”) and the 2015 Executive Performance Incentive Program (the “Program”), effective January 1, 2015, the Management Development and Compensation Committee (the “Committee”) of the Board of Directors of EQT Corporation (the “Company”) grants you «NumberUnits» Target Share Units (the “Award”), the value of which is determined by reference to the Company’s common stock. The terms and conditions of the Award, including, without limitation, vesting and distribution, shall be governed by the provisions of this Participant Award Agreement and the Program document attached hereto as Exhibit A; provided that the Award is also subject to the terms and limits included within the Plan. The Committee retains the discretion to distribute the Award in cash, Company stock or any combination thereof.

Date] [Name] [Street Address] [City, State, Zip Code] Dear [Name]:
Participant Award Agreement • February 21st, 2013 • EQT Corp • Natural gas transmisison & distribution

Pursuant to the terms and conditions of the EQT Corporation 2009 Long-Term Incentive Plan (the “Plan”), the Management Development and Compensation Committee of the Board of Directors (“Board”) of EQT Corporation (the “Company”) has granted you Non-Qualified Stock Options (the “Options”) to purchase shares of the Company’s common stock as outlined below.

Name Address Re: [ ] Quarter 20[ ] Phantom Stock Award Dear Name,
Participant Award Agreement • April 28th, 2010 • EQT Corp • Natural gas transmisison & distribution

On [ ], 20[ ], you were awarded [ ] fully-vested stock units under the EQT Corporation 2009 Long-Term Incentive Plan (the “LTIP”), which have been credited to your Phantom Stock Account under Article IV of the 2005 Directors’ Deferred Compensation Plan (the “Deferred Compensation Plan”). Capitalized terms used herein and not otherwise defined have the meanings given such term in the LTIP and/or the Deferred Compensation Plan (the “Plans”), as appropriate.

January 1, 2012 [Name and address] Dear [Name]:
Participant Award Agreement • February 16th, 2012 • EQT Corp • Natural gas transmisison & distribution

Pursuant to the terms and conditions of the EQT Corporation 2009 Long-Term Incentive Plan (the “Plan”), the Compensation Committee of the Board of Directors (“Board”) of EQT Corporation (the “Company”) has granted you Non-Qualified Stock Options (the “Options”) to purchase shares of the Company’s common stock as outlined below.

PARTICIPANT AWARD AGREEMENT
Participant Award Agreement • February 12th, 2015 • EQT Corp • Crude petroleum & natural gas

On [Date], you were awarded [__] fully-vested stock units under the EQT Corporation 2014 Long-Term Incentive Plan (the “LTIP”), which have been credited to a subaccount of your Phantom Stock Account (the “2015 Phantom Award Subaccount -- Stock”) under Article IV of the 2005 Directors’ Deferred Compensation Plan (the "Deferred Compensation Plan"). Capitalized terms used herein and not otherwise defined have the meanings given such term in the LTIP and/or the Deferred Compensation Plan (the “Plans”), as appropriate.

March 1, 2019 Dear [Name]:
Participant Award Agreement • April 30th, 2019 • Equitrans Midstream Corp • Natural gas transmission

Pursuant to the terms and conditions of the Equitrans Midstream Corporation 2018 Long-Term Incentive Plan (as amended from time to time, the “Plan”) and the 2019 Performance Share Unit Program (the “Program”), effective January 1, 2019, the Management Development and Compensation Committee (the “Committee”) of the Board of Directors of Equitrans Midstream Corporation (the “Company”) grants you «NumberUnits» Target Performance Share Units (the “Award”), the value of which is determined by reference to the Company’s common stock. The terms and conditions of the Award, including, without limitation, vesting and distribution, shall be governed by the provisions of this Participant Award Agreement and the Program document attached hereto as Exhibit A; provided that the Award is also subject to the terms and limits included within the Plan. As approved, the Award will be settled in shares of Company common stock; however, the Committee retains the discretion to settle the Award in cash, Comp

Grant Date] Dear [Name]:
Participant Award Agreement • February 17th, 2021 • EQT Corp • Crude petroleum & natural gas

Pursuant to the terms and conditions of the EQT Corporation 20[__] Long-Term Incentive Plan (as amended from time to time, the “Plan”) and the 20[__] Incentive Performance Share Unit Program (the “Program”), effective [__], 20[__], the Management Development and Compensation Committee (the “Committee”) of the Board of Directors of EQT Corporation (the “Company”) grants you [__] Performance Share Units (your “Award”). The terms and conditions of your Award, including, without limitation, vesting and distribution, shall be governed by the provisions of this Participant Award Agreement and the Program document attached hereto as Exhibit A; provided that your Award is also subject to the terms and limits included within the Plan. As approved, your Award will be settled in shares of Company common stock.

January 1, 2010 [Name] [Street Address] [City, State, Zip Code] Dear [Name]:
Participant Award Agreement • February 18th, 2010 • EQT Corp • Natural gas transmisison & distribution

Pursuant to the terms and conditions of the EQT Corporation 2009 Long-Term Incentive Plan (the “Plan”) and the 2010 Executive Performance Incentive Program (the “Program”), effective January 1, 2010, the Compensation Committee of the Board of Directors of EQT Corporation (the “Company”) grants you «NumberUnits» Target Share Units (the “Award”), the value of which is determined by reference to the Company’s common stock. The terms and conditions of the Award, including, without limitation, vesting and distribution, shall be governed by the provisions of the Program document attached hereto as Exhibit A, provided that the Award is also subject to the terms and limits included within the Plan. The Compensation Committee retains the discretion to distribute the Award in cash, Company stock or any combination thereof.

Date] [Name] [Street Address] [City, State, Zip Code] Dear [Name]:
Participant Award Agreement • February 21st, 2013 • EQT Corp • Natural gas transmisison & distribution

Pursuant to the terms and conditions of the EQT Corporation 2009 Long-Term Incentive Plan (the “Plan”) and the 2013 Executive Performance Incentive Program (the “Program”), effective January 1, 2013, the Management Development and Compensation Committee of the Board of Directors of EQT Corporation (the “Company”) grants you [__] Target Share Units (the “Award”), the value of which is determined by reference to the Company’s common stock. The terms and conditions of the Award, including, without limitation, vesting and distribution, shall be governed by the provisions of the Program document attached hereto as Exhibit A, provided that the Award is also subject to the terms and limits included within the Plan. The Compensation Committee retains the discretion to distribute the Award in cash, Company stock or any combination thereof.

PARTICIPANT AWARD AGREEMENT
Participant Award Agreement • February 21st, 2013 • EQT Corp • Natural gas transmisison & distribution

On [_______], you were awarded [__] fully-vested stock units under the EQT Corporation 2009 Long-Term Incentive Plan (the “LTIP”), which have been credited to a subaccount of your Phantom Stock Account (the “2013 Phantom Award Subaccount -- Stock”) under Article IV of the 2005 Directors’ Deferred Compensation Plan (the “Deferred Compensation Plan”). Capitalized terms used herein and not otherwise defined have the meanings given such term in the LTIP and/or the Deferred Compensation Plan (the “Plans”), as appropriate.

Date] Optionee Name Optionee Address Optionee City, State, Zip Code Dear Optionee:
Participant Award Agreement • October 24th, 2008 • Equitable Resources Inc /Pa/ • Natural gas transmisison & distribution

Pursuant to the terms and conditions of the Company’s 1999 Long-Term Incentive Plan (the “Plan”), the Compensation Committee of the Board of Directors of Equitable Resources, Inc. (the “Company”) has granted you a Non-Qualified Stock Option (the “Option”) to purchase shares of the Company’s common stock as outlined below.

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Dear __________:
Participant Award Agreement • February 27th, 2020 • EQT Corp • Crude petroleum & natural gas
Date] [Name] [Address] [City, State and Zip Code] Dear [Name] :
Participant Award Agreement • February 24th, 2011 • EQT Corp • Natural gas transmisison & distribution

Pursuant to the terms and conditions of the 2009 Long-Term Incentive Plan (the “Plan”), the Compensation Committee of the Board of Directors (“Board”) of EQT Corporation (the “Company”) granted you a Restricted Stock Award (the “Award”) for restricted shares of the Company’s common stock as outlined below.

Grant Date], 2020 Dear [Name]:
Participant Award Agreement • February 27th, 2020 • EQT Corp • Crude petroleum & natural gas

Pursuant to the terms and conditions of the EQT Corporation 2019 Long-Term Incentive Plan (as amended from time to time, the “Plan”) and the 2020 Incentive Performance Share Unit Program (the “Program”), effective January 1, 2020, the Management Development and Compensation Committee (the “Committee”) of the Board of Directors of EQT Corporation (the “Company”) grants you [_____________] Performance Share Units (the “Award”). The terms and conditions of the Award, including, without limitation, vesting and distribution, shall be governed by the provisions of this Participant Award Agreement and the Program document attached hereto as Exhibit A; provided that the Award is also subject to the terms and limits included within the Plan. As approved, the Award will be settled in shares of Company common stock.

Date] [Name] [Street Address] [City, State, Zip Code] Re: 20[ ] Phantom Stock Award Dear [Name]:
Participant Award Agreement • April 30th, 2009 • EQT Corp • Natural gas transmisison & distribution

On [ ] you were awarded [ ] fully-vested stock units under the EQT Corporation 2009 Long-Term Incentive Plan (the “LTIP”), which have been credited to your Phantom Stock Account under Article IV of the 2005 Directors’ Deferred Compensation Plan (the “Deferred Compensation Plan”). Capitalized terms used herein and not otherwise defined have the meanings given such term in the LTIP and/or the Deferred Compensation Plan (the “Plans”), as appropriate.

PARTICIPANT AWARD AGREEMENT
Participant Award Agreement • February 21st, 2013 • EQT Corp • Natural gas transmisison & distribution

On [________], you were awarded [__] fully-vested stock units under the EQT Corporation 2009 Long-Term Incentive Plan (the “LTIP”), which have been credited to your Phantom Stock Account under Article IV of the 2005 Directors’ Deferred Compensation Plan (the “Deferred Compensation Plan”). Capitalized terms used herein and not otherwise defined have the meanings given such term in the LTIP and/or the Deferred Compensation Plan (the “Plans”), as appropriate.

Date], 2014 Dear [Name]:
Participant Award Agreement • February 20th, 2014 • EQT Corp • Crude petroleum & natural gas

Pursuant to the terms and conditions of the EQT Corporation 2009 Long-Term Incentive Plan (the “Plan”) and the 2014 Executive Performance Incentive Program (the “Program”), effective [Date], 2014 (the “Grant Date”), the Management Development and Compensation Committee (the “Committee”) of the Board of Directors of EQT Corporation (the “Company”) grants you «NumberUnits» Target Share Units (the “Award”), the value of which is determined by reference to the Company’s common stock. The terms and conditions of the Award, including, without limitation, vesting and distribution, shall be governed by the provisions of this Participant Award Agreement and the Program document attached hereto as Exhibit A; provided that the Award is also subject to the terms and limits included within the Plan. The Committee retains the discretion to distribute the Award in cash, Company stock or any combination thereof.

March 1, 2011 [Name] Dear [Name]:
Participant Award Agreement • April 28th, 2011 • EQT Corp • Natural gas transmisison & distribution

Pursuant to the terms and conditions of the Company’s 2009 Long-Term Incentive Plan (the “Plan”) and the 2011 Volume and Efficiency Program (the “Program”), effective March 1, 2011, the Compensation Committee of the Board of Directors of EQT Corporation (the “Company”) grants you «Number Shares» Target Share Units (the “Award”), the value of which is determined by reference to the Company’s common stock. The terms and conditions of the Award, including, without limitation, vesting, allocation of Target Share Units among Performance Periods (as defined in the Program) and distribution, shall be governed by the provisions of the Program document attached hereto as Exhibit A, provided that the Award is also subject to the terms and limits included within the Plan. The Compensation Committee retains the discretion to distribute the Award in cash, Company stock or any combination thereof.

Date] Optionee Name Optionee Address Optionee City, State, Zip Code Dear Optionee:
Participant Award Agreement • April 28th, 2009 • EQT Corp • Natural gas transmisison & distribution

Pursuant to the terms and conditions of the EQT Corporation 2009 Long-Term Incentive Plan (the “Plan”), the Compensation Committee of the Board of Directors of EQT Corporation (the “Company”) has granted you Non-Qualified Stock Options (the “Options”) to purchase shares of the Company’s common stock as outlined below.

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