Company: CRK
Filing Date: 2025-04-22
Form Type: DEF 14A
Source: 0000950170-25-056747
Chunk: 28

Company: COMSTOCK RESOURCES INC
Filing Date: 2025-04-22
Form: DEF 14A
Chunk 28
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 2019 Plan. As of April 7, 2025, approximately 260 employees of us and our subsidiaries (including all of our named executive officers), each of our three non-employee directors, and approximately five contract employees of us and our subsidiaries are considered eligible under the 2019 Plan.

Duration of Plan

The 2019 Plan is scheduled to expire on May 31, 2029. If stockholders approve this proposal, the term of the 2019 Plan will be extended to April 6, 2035. No further awards may be made under the 2019 Plan after the expiration date.

Types of Awards

Awards under the 2019 Plan may be in the form of stock options (including incentive stock options that meet the requirements of Section 422 of the Internal Revenue Code and non-qualified stock options), stock appreciation rights, restricted stock and performance units, each of which may be subject to time-based or performance-based vesting requirements.

Authorized Shares Available for Awards Under the 2019 Plan

Currently, the 2019 Plan provides that up to 7,500,000 shares of common stock may be issued pursuant to awards under the 2019 Plan. If stockholders approve this proposal, the maximum number of shares available for issuance under the 2019 Plan (the "Share Limit") will be the sum of (a) 10,000,000 shares and (b) the number of shares of common stock reserved for issuance under the 2019 Plan immediately prior to stockholder approval of the Amendment (i.e. the number of shares subject to 2019 Plan awards that were then outstanding, plus the number of shares that were then available for new grants under the 2019 Plan). Shares of common stock that are subject to

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awards under the 2019 Plan that expire, terminate, are forfeited or cancelled, or are settled in cash to pay income tax withholdings or to exercise an option are available for future grant under the 2019 Plan.

Terms of Awards

The 2019 Plan requires that awards vest over a minimum period of continued service with us. Awards that vest based on the achievement of performance goals are subject to a minimum vesting period of one year after the date of grant. If vesting is not based on performance, the minimum vesting period is three years after the date of grant. Vesting over a three-year period includes periodic graded vesting. Awards may provide for accelerated vest