Company: CRK
Filing Date: 2025-04-22
Form Type: DEF 14A
Source: 0000950170-25-056747
Chunk: 75

Company: COMSTOCK RESOURCES INC
Filing Date: 2025-04-22
Form: DEF 14A
Chunk 75
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 be stated either in cash or in shares of Stock; the performance measures used for determining whether the Performance Units are earned; the performance period during which the performance measures will apply; the relationship between the level of achievement of the performance measures and the degree to which Performance Units are earned; whether, during or after the performance period, any revision to the performance measures or performance period should be made to reflect significant events or changes that occur during the performance period; and the number of earned Performance Units that will be paid in cash and/or shares of Stock. The Participant will have the right to receive dividend equivalents on Performance Units that are paid in shares of Stock during the performance period and prior to the receipt of vested shares of Stock.

Payment . The Committee will compare the actual performance to the performance measures established for the performance period and determine the number of Performance Units to be paid and their value. Payment for Performance Units earned shall be wholly in cash, wholly in Stock or in a combination of the two, in a lump sum or installments, and subject to vesting requirements and such other conditions as the Committee shall determine. The Committee will determine the number of earned units to be paid in cash and the number to be paid in Stock. For Performance Units awarded in shares of Stock, one share of Stock will be paid for each unit earned. For Performance Units awarded in cash, cash will be paid for each unit earned equal to (a) its initial cash value, (b) the Fair Market Value of a share of Stock at the end of the performance period or (c) the Fair Market Value of a share of Stock averaged for a number of days determined by the Committee.

Death, Disability or Retirement . A Participant whose employment with the Company and all Subsidiaries, or service as a member of the Board, terminates during a performance period because of death, Disability or Retirement shall be entitled to the full value of earned Performance Units issued with respect to that performance period, at the conclusion of the performance period. If a Participant's employment or service with the Company and all Subsidiaries terminates during a performance period for any reason other than death, Disability or Retirement, the Performance Units issued with respect to that performance period will be forfeited on the date such Participant's employment or service terminates.

<div align='center'>STOCK APPRECIATION RIGHTS</div>

Definition . A Stock Appreciation Right is an Award that entitles the Participant to receive an amount equal to the difference between the Fair Market Value of the shares of Stock at the time of exercise