Company: CRK
Filing Date: 2025-04-22
Form Type: DEF 14A
Source: 0000950170-25-056747
Chunk: 30

Company: COMSTOCK RESOURCES INC
Filing Date: 2025-04-22
Form: DEF 14A
Chunk 30
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 form of shares of stock (valued at their fair market value at the time of exercise) or in cash, as specified in the award agreement. The maximum term of SARs is ten years.

When an award of SARs is made, the total number of SARs covered by the award (and not the "net" number of shares that would be issued in the future upon exercise of the SAR) is charged against the pool of shares authorized under the 2019 Plan.

Restricted Stock

The 2019 Plan authorizes the compensation committee to award shares of restricted stock. The holder will become vested in shares of restricted stock free of all restrictions if he or she completes a required period of employment or service following the award and satisfies any other conditions; otherwise, the shares will be forfeited. The restricted period may be no more than ten years, and must be at least one year. The holder will have the right to vote the shares of restricted stock. The holder may not sell or otherwise dispose of restricted stock until the conditions imposed by the compensation committee have been satisfied.

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Performance Units The 2019 Plan authorizes the compensation committee to award performance units, which can be payable in cash or shares of stock. Under the 2019 Plan, a number of performance units is initially assigned by the compensation committee and the number of units actually earned will be contingent on future performance of the holder and/or us over the performance period in relation to the established performance measures. Although the performance measures and performance period will be determined by the compensation committee at the time of the award of performance units, they may be subject to such later revision as the compensation committee deems appropriate to reflect significant events or changes. Change in Control Events In the event of a "qualifying event" following a change in control, as defined in the 2019 Plan, all outstanding ‎stock options, stock appreciation rights and restricted stock will automatically become fully ‎exercisable and/or vested, and performance units may be paid out in such manner and amounts ‎as determined by the compensation committee. A "qualifying event" shall mean ‎an involuntary termination of the participant by us without "cause" (as defined in the ‎participant's award agreement), a resignation by the participant for "good reason" (as defined ‎in the participant's award agreement), or our or our successor's failure to assume or ‎replace the existing awards with comparable awards incident to such change in control.‎ Equity Compensation Plan Information The following table summarizes certain information