Document:

CONSOL Energy Restricted Stock Unit Award Agreement for Individuals

 Exhibit 10.3 
 Restricted Stock Unit Award(s) Under CONSOL Energy Inc. Equity Incentive Plan  
 Private Placement (Gas RSUs into CONSOL RSUs) 
 WHEREAS, CNX Gas Corporation (“CNX Gas”), a subsidiary of
CONSOL Energy Inc. (the “Company”), previously granted Grantee each of the restricted stock unit awards identified on Schedule I attached hereto (each a “Gas RSU Award” and, collectively, the “Gas RSU
Awards”) under CNX Gas’ Equity Incentive Plan (the “Gas Plan”). 
 WHEREAS, CNX Gas and Grantee entered into an award
agreement (the “Gas RSU Agreement”) evidencing each such Gas RSU Award. 
 WHEREAS, the Company implemented a private offer (the
“Offer”) which allowed Grantee, with respect to the Gas RSU Awards identified on Schedule I attached hereto (“Schedule I”), to surrender the Gas RSU Awards to CNX Gas for Restricted Stock Units (“CONSOL
RSUs”) of the Company to be issued under the Company’s Equity Incentive Plan (the “CONSOL Plan”). 
 WHEREAS, Grantee
has executed and delivered to the Company an election form in connection with the Offer pursuant to which Grantee has accepted the Offer and agreed to accept the “Terms and Conditions” attached hereto. 
 NOW THEREFORE, in consideration of the mutual covenants and conditions set forth herein and in the “Terms and Conditions” and for other good and
valuable consideration, the receipt and sufficiency of which are hereby acknowledged, and intending to be legally bound, the Company makes the following award(s) to the Grantee as follows: 
 Capitalized terms not otherwise defined herein or in the “Terms and Conditions” attachment hereto shall have the meanings ascribed to them in the CONSOL Plan.

  

			
	 Grantee:
	  	
		
	Award Date:	  	March 31, 2009
		
	Vesting Schedule:	  	See Schedule I attached hereto
		
	Issuance Schedule:	  	The shares of CONSOL common stock will be issued to you as soon as reasonably practicable following the vesting date of such award (the vesting schedule and number of CONSOL RSUs subject to
each award is set forth on Schedule I), but in no event later than March 15th of the year following the vesting date of such award(s).

  

	
	ACKNOWLEDGMENT:
	
	  

	John Whitmire
	Chairman of the Board of Directors

  

 1 

 TERMS AND CONDITIONS 
 The restricted stock units under the CONSOL Plan will entitle you to receive shares of the Company’s common stock on vesting and subject to continued service with the Company. Each unit represents the right to
receive one share of common stock following the vesting date of that unit. Unlike a typical stock option program, the shares will be issued to you, without any cash payment required from you. However, you must pay the applicable income taxes
(described below) when due. 
 The terms and provisions of your award(s) are subject to the provisions of the CONSOL Plan. A copy of the CONSOL Plan is
available upon request from Human Resources. 
 Other important features of your award(s) may be summarized as follows: 
 Acceleration of Vesting Events: All of the shares subject to your award(s) will vest (i.e., will not be subject to forfeiture) upon the
occurrence of any of the following events, and (except as otherwise specified below) such vested shares will be delivered to you on such date (or as soon as administratively practical thereafter but in no event later than the 15th day of the third
month following such date): 
  

	 	•	 	 your Separation from Service by reason of death or due to Disability; or 

  

	 	 •
	 	 completion of a Change in Control (as such term is defined in the CONSOL Plan).1 

 Notwithstanding the foregoing,
no acceleration of vesting of your shares will occur if (A) it is determined by the Board that you have: (1) committed an act of embezzlement, fraud, dishonesty or breach of fiduciary duty to the Company; (2) deliberately and
repeatedly violated the rules of the Company or the valid instructions of the Board; (3) made any unauthorized disclosure of any of the material secrets or confidential information of the Company as provided under the proprietary information
covenant set forth below; or (4) engaged in any conduct that could reasonably be expected to result in material loss, damage or injury to the Company; or (B) you leave the Company’s service for any reason other than in connection with
one of the events specified above. 
 Notwithstanding the foregoing or any provision contained herein to the contrary, the delivery of any
vested shares shall be delayed until six (6) months after your Separation from Service to the extent required by Section 409A(a)(2)(B)(i) of the Code as provided under the terms of the CONSOL Plan. 
 Forfeitability: Should you Separate from Service under circumstances which do not otherwise entitle you to accelerated vesting of the
unvested shares subject to your award(s) on the date of your Separation from Service, then your award(s) will be cancelled with respect to those unvested shares, and the number of your restricted stock units will be reduced accordingly. You will
thereupon cease to have any right or entitlement to receive any shares of common stock under those cancelled units. 
  
  
 
1 However, if accelerated vesting of the shares subject to your award occurring in connection with a Change in Control, either 
 alone or together with any other payments or benefits to which you may otherwise become entitled from the Company in 
 connection with the Change in Control, would, in the Company’s good faith opinion, be deemed to be a parachute payment 
 under Section 280G of the Code (or any successor provision), then, unless any agreement between you and the Company 
 provides otherwise, the number of shares which are to vest on such an accelerated basis under your award will be reduced to the 
 extent necessary to assure, in the Company’s good faith opinion, that no portion of your accelerated award will be considered 
 such a parachute payment. The Company’s good faith opinion on this matter will be conclusive and binding upon you and your 
 successors. 
  

 2 

 Transferability: The shares issued to you following the vesting of your award(s) will be
registered under the federal securities laws. Sales of those shares will be subject to any market black-out periods the Company may impose from time to time and must be made in compliance with the Company’s insider trading policies and
applicable securities laws. 
 Prior to your actual receipt of the shares in which you vest under your award(s), you may not transfer any
interest in your award(s) or the underlying shares or pledge or otherwise hedge the sale of those shares, including (without limitation) any short sale, put or call option or any other instrument tied to the value of those shares. However, your
right to receive any shares which have vested under your restricted stock units but which remain unissued at the time of your death may be transferred pursuant to the provisions of your will or the laws of inheritance following your death.

 Federal Income Taxation: You will recognize ordinary income for federal income tax purposes on the date the shares which
vest under your award(s) are actually issued to you, and you must satisfy your income and other tax obligations applicable to that income. The amount of your taxable income will be equal to the closing selling price per share of the Company’s
common stock on the New York Stock Exchange on the issue date times the number of shares issued to you on that date. 
 Stockholder
Rights: You will not have any stockholder rights, including voting rights and actual dividend rights, with respect to the shares subject to your award(s) until you become the record holder of those shares following their actual issuance to
you. 
 Dividend Equivalent Rights: Should a regular cash dividend be declared on the Company’s common stock at a time
when unissued shares of such common stock are subject to your award(s), then the number of shares at that time subject to your award(s) will automatically be increased by an amount determined in accordance with the following formula, rounded down to
the nearest whole share: 
 X = (A x B)/C, where 
  

					
	X	  	=	  	the additional number of shares which will become subject to your award(s) by reason of the cash dividend;
			
	A	  	=	  	the number of unissued shares subject to the applicable award as of the record date for such dividend;
			
	B	  	=	  	the per share amount of the cash dividend; and
			
	C	  	=	  	the closing selling price per share of the Company’s common stock on the New York Stock Exchange on the payment date of such dividend.

 The additional shares resulting from such calculation will be subject to the same terms and
conditions (including, without limitation, any applicable vesting requirements and forfeiture provisions) as the unissued shares of common stock to which they relate under the applicable award. 
 Other Adjustments: In the event of any stock split, stock dividend, recapitalization, combination of shares, exchange of shares or other
similar change affecting the Company’s outstanding common stock as a class without the Company’s receipt of consideration, the number and/or class of securities subject to your award(s) will be appropriately adjusted to preclude any
dilution or enlargement of your rights under such award(s). 
  

 3 

 Proprietary Information Covenant: As a further condition to your right and entitlement to
receive the shares of the Company’s common stock subject to your award, you hereby agree to abide by the terms and conditions of the following proprietary information covenant: 
 You and the Company agree that certain materials, including (without limitation) information, data and other materials relating to customers, development
programs, costs, marketing, trading, investment, sales activities, promotion, credit and financial data, manufacturing processes, financing methods, plans or the business and affairs of the Company and its Affiliates, constitute proprietary
confidential information and trade secrets. Accordingly, you will not at any time during or after your service with the Company disclose or use for your own benefit or purposes or the benefit or purposes of any other person, firm, partnership, joint
venture, association, corporation or other business organization, entity or enterprise other than the Company and any of its Affiliates, any proprietary confidential information or trade secrets, provided that the foregoing shall not apply to
information which is not unique to the Company or any of its Affiliates or which is generally known to the industry or the public other than as a result of your breach of this covenant. You agree that upon termination of your service with the
Company for any reason, you will immediately return to the Company all memoranda, books, papers, plans, information, letters and other data, and all copies thereof or therefrom, which in any way relate to the business of the Company and its
Affiliates. You further agree that you will not retain or use for your own account at any time any trade names, trademark or other proprietary business designation used or owned in connection with the business of the Company or any of its
Affiliates. 
 Notwithstanding anything contained herein to the contrary, this Agreement shall not prohibit disclosure of proprietary
confidential information if (i) it is required by law or by a court of competent jurisdiction or (ii) it is in connection with any judicial, arbitration, dispute resolution or other legal proceeding in which your legal rights and
obligations as a director or under this Agreement are at issue; provided, however, that you shall, to the extent practicable and lawful in any such event, give prior notice to the Company of your intent to disclose proprietary confidential
information so as to allow the Company an opportunity (which you shall not oppose) to obtain such protective orders or similar relief with respect thereto as may be deemed appropriate. 
 Failure to Enforce Not A Waiver: The failure of the Company to enforce at any time any provision of this Agreement shall in no way be
construed to be a waiver of such provision or of any other provision hereof. 
 Legends: The Company may at any time place
legends referencing the provisions of this Agreement, and any applicable federal or state securities law restrictions on all certificates, if any, representing the shares relating to this award. 
 Governing Law: This Agreement shall be governed by, and construed in accordance with, the laws of the State of Delaware, without regard to
the conflicts of laws provisions thereof. 
 Amendments: This Agreement may be amended or modified at any time by an instrument
in writing signed by the parties hereto, or as otherwise provided under the CONSOL Plan. Notwithstanding, the Company may, in its sole discretion and without your consent, modify or amend the terms and conditions of the award(s), impose conditions
on the timing and effectiveness of the issuance of the shares, or take any other action it deems necessary or advisable, to cause the award(s) to comply with Section 409A of the Code (or an exception thereto). 
 Section 409A: The award(s) are intended to comply with Section 409A of the Code (or an exception thereto) and the
regulations promulgated thereunder and shall be construed accordingly. Notwithstanding, you recognize and acknowledge that Section 409A of the Code may impose upon you certain taxes or interest charges for which you are and shall remain solely
responsible. 
 Notices: Any notice, request, instruction or other document given under this Agreement shall be in
writing and shall be addressed and delivered, in the case of the Company, to the Corporate Secretary of the Company at the principal office of the Company and, in your case, to your address as shown in the records of the Company or to such other
address as may be designated in writing by either party. 
  

 4 

 Award(s) Subject to Plan: The award(s) are subject to the CONSOL Plan. The terms and
provisions of the CONSOL Plan as it may be amended from time to time are hereby incorporated herein by reference. In the event of a conflict between any term or provision contained herein and a term or provision of the CONSOL Plan, the applicable
terms and provisions of the Agreement will govern and prevail. 
 Entire Agreement: Except as otherwise provided in this
Agreement, this Agreement and the CONSOL Plan: (i) are intended to be the final, complete, and exclusive statement of the terms of the agreement between you and the Company with regard to the subject matter of this Agreement;
(ii) supersede all other prior agreements, communications, and statements, whether written or oral, express or implied, pertaining to that subject matter; and (iii) may not be contradicted by evidence of any prior or contemporaneous
statements or agreements, oral or written, and may not be explained or supplemented by evidence of consistent additional terms. 
  

 5 

 Schedule I 
  

					
	 Total Number of Units
 Subject to Gas RSU
 Award
	 	 Number of CONSOL
 RSUs Awarded
	 	 Vesting Schedule of
 CONSOL RSU
 Award(s)

	2006 Award:	 		 	
			
	2007 Award:	 		 	
			
	2008 Award:	 		 	

  

 6Lease Agreement

 Exhibit 10.24 
  

			
	LEASE	  	
		
	LESSOR	  	 Mutual Pension Insurance Company Etera
 (Business
Identity Code 0117086-1)
 Palkkatilanportti 1 , 00241 Helsinki
 Tel. 09-15061

		
	LESSEE	  	 Encorium Oy ( Business Identity Code 1033494-4)
 Keilaranta 16, 02150 Espoo
 Tel: 020 751 8200, Fax: 020 751 8250

		
	DESTINATION OF LEASE	  	1.) The destinations of the lease are the office premises of the 5th building of Life
Science Center located in Keilaniemi Espoo, on the fourth (4th) and the fifth (5th)
floors sized 1259m2, 12,5m2 of which is the evaluated lounge space on the 4th floor and
20 fixed parking lots along with 10 parking capacities. The preliminary layouts of the rooms and the locations of the parking are attached to the contract (attachment 1 and attachment 2). The planning of the premises will start immediately after the
contract has been signed and Encorium will participate in the planning of its premises through the whole process.
		
		  	2.) The destinations of the lease are the storage rooms in the basement floor of the 4th building of Life Science Center located in Keilaniemi Espoo, sized 65 m 2 that consist of two rooms sized 53,5 m 2 and 11,5 m 2 . The preliminary layouts of the rooms are attached to the contract (attachment 1). The planning
of the premises will start immediately after the contract has been signed and Encorium will participate in the planning of its premises through the whole process.
		
	TIME OF THE LEASE	  	The time of the lease is temporary.
		
		  	The time of the lease is five (5) years. The time of the lease starts October 1st 2008.

		
		  	After the deadline the lease will continue indefinitely, unless a party of the contract gives notice not less than six (6) months before the deadline. Thus, continuing the lease, the notice
for both parties is six (6) months.
		
		  	In case the hand over of the possession of the leased premises to the lessee is postponed from the agreed October 1st 2008 due to the lessor, the lessor is obliged to pay fine for the delay according to the GTC 98.

			
	THE CONDITION OF THE DESTINATION OF THE LEASE
		
		  	The premises are built space-by-space-related quality and accessory levels according to the attached detailed statement of the means of building (attachment 2, Means of Building Review). The
Means of Building has been made in cooperation of the contract parties and both sides have approved it.
		
		  	The lessee pays the expenses for the extra work and the changes during the time of building agreed with the constructor unless The capitalization or adding the amount to the lease is agreed
separately.
		
		  	The mountings made by the lessee and the investments in the leased premises are the lessees properties. The lessee is obliged to remove his/her property from the leased premises and return
the premises as they were in the beginning.
		
	THE AMOUNT OF THE LEASE	  	The capital lease of the premises is 18€/m2 per month (VAT 0%).
		
		  	The lease of the parking lots is 120€/lot per month (VAT 0%).
		
		  	The lease of parking capacities 100€/capacity per month (VAT 0%)
		
		  	The capital lease of the storage rooms is 10 € /m2 per month (VAT 0%)
		
		  	Value Added Tax according to the valid basic tax rate is added to the lease.
		
		  	The complete amount of the lease is confirmed in writing after the space of the leased premises has been calculated. The lease is paid monthly beforehand. The due date of the lease is the 2
nd day of each month. The interest on delayed payments is according to the interest act.
		
	VALUE ADDED TAX	  	The lessee is responsible for him/ her as well as his/her possible subtenants being subjects to Value Added Taxation in their businesses. In case the lessee omits this responsibility for
which reason the lessor looses his/her right to Value Added Tax refund, the lessor is entitled to collect the equivalent amount of compensation increased by possible taxation from the lessee.
		
	WARRANTY	  	For the warranty of fulfilling the conditions of the lease, the lessee gives absolute guarantee or another warranty approved by the lessor, the amount of which equals the six (6) months gross
rent including the VAT and is valid indefinitely. The warranty is handed over to the lessor in two (2) weeks time after signing the lease. The lease binds the lessor after receiving the warranty.

			
	REVISING THE LEASE	  	The lease is attached to the cost-of-living-index. The basic index is the point figure of February 2008 indicated by the cost-of-living-index (October 1951=100).
		
		  	The revising of the capital lease along with the parking lot- and the parking capacity leases is made once a year, in the beginning of April, concerning the amount of the lease without the
VAT. The latest point figure known is used as the revision index. In case the index has increased, the amount of the lease is raised according to the change of the index. The first revision is made in the beginning of the leasing
time.
		
		  	In case the calculation of the cost-of-living-index ceases or the use of it as ground for rising is prohibited, a compensatory or the closest equivalent index will be used for ground of
alteration from the ceasing day.
	
	THE MAINTENANCE OF THE PROPERTY, COSTS OF MAINTENANCE AND USE
		
		  	The lessor arranges the management and the maintenance of the property.
		
		  	The lessee is responsible for the compensation of the leased premises charged by the real estate company. The lessee pays the expenses caused by the maintenance in the extent that covers the
leased premises of the whole property.
		
		  	The compensation according to the budgetary estimates which is confirmed by the general meeting of the real estate company will be collected as the prepayment of the maintenance expenses. The
prepayment for the maintenance is paid in advance along with the rent.
		
		  	The justification of the maintenance costs is done after the completion of the financial statement of the real estate company. On ground of the actual amount of the maintenance costs the real
estate company returns the overage or collects the deficiency.
		
		  	The lessee is responsible for the electricity payments of his/her operations and premises as well as the costs caused by cleaning and overall tidiness. The lessee takes into consideration the
evaluated lounge space of the 4th floor in its cleaning contract.
		
	PARKING	  	 In this contract, parking space covers the parking lots, parking decks of Life Science Center or an individually announced space elsewhere in the
neighboring blocks of Life Science Center which has been reserved for this purpose.
  
 Parking right in this contract covers the right to use the parking space for daily work purposes as long as there is room for this in the parking space.
  
 The companies have right to keep as much vehicles at the time in the parking space as there are parking rights for the company.

			
		  	There are 20% more parking capacities granted than there are parking spaces in the area. The parking lots and the parking capacities are located in the yard and in the spaces under the
parking deck. The locations of the parking spaces are shown in attachment 2. Part of the parking capacities may be located elsewhere than in this particular property of the block.
		
	THE SERVICES OF THE ESTATE	  	The service concept of Life Science Center consists of specific services and the lessee may join the services according to its needs. Nevertheless the company will join against compensation
the contract of the lounge service of Life Science Center regarding basic services and the internet service portal.
		
	INSURANCE OBLIGATION	  	The lessor is responsible for the estate company having insured the property with full value insurance. The estate insurance will not compensate the damage of the movable property that is
possessed or managed by the lessee and the lessor does not answer for the mentioned damage.
		
		  	The lessee is responsible for the insurance of his/her possessions in the property and the insurance regarding other utilizations of the property.
	
	OTHER RIGHTS AND OBLIGATION OF THE LESSEE
		
		  	The lessee has to inform the lessor immediately about any damage or necessity of the destination of the lease, the repair of which the lessor is responsible for. The information has to be
given instantly, if the repair to prevent the damage from increasing has to be done without a delay.
		
		  	In case the lessee neglects these informing responsibilities he/she will answer for the damage caused by this negligence.
		
		  	The lessee is entitled to do changes. These however have to be agreed with the lessee in advance, who cannot withhold them without any substantial and justifiable reason. The lessee is
responsible for the expenses caused by the changes, unless in a separate case otherwise agreed beforehand in writing.
		
		  	With the expenses the lessee is obliged to keep the premises in normal and good shape according to the meaning of the use.
	
	RIGHTS, OBLIGATIONS AND RESPONSIBILITIES OF THE LESSOR
		
		  	The lessor is responsible for the structural – and HPAC technical basic repair and the expenses caused by them.
		
		  	The lessor is entitled to enter the building in order to monitor the condition and the maintenance by arranging this with the lessee beforehand.

			
		  	The lessor is entitled immediately and without notice to make maintenance work or repair or change which cannot be delayed without causing damage.
		
		  	The lessor has to inform the lessee of other repair work in advance, usually at least two (2) weeks before starting the repair work. The lessor may start doing repair-or change work that
causes significant harm and disturbance after giving a 2 moths notice before the mentioned date. The lessee is not entitled to a compensation, rent reduction or termination of the lease during the time of the repair work made in the property by the
lessor.
		
		  	 The lessee is responsible for the insurances regarding the use of the property according to the section Insurance Obligation.
  
 The lessor is not responsible for the disturbances and irregularities that are not due to him/her
regarding the heat, electricity, or water supply, and the network system.

	
	TRANSFERANCE AND SUBLEASE OF THE LEASEHOLD
		
		  	The lessee is not entitled to transfer his/her leasehold to a third party without the lessors written agreement. The lessor cannot withhold the transference to a third party without a serious
and a justified reason.
		
		  	The lessee has the right to sublet the premises to the nominated company by him/her according to the use by promulgating the subletting with the lessor. The lessor cannot withhold the
announced sub lessee without a serious and a justified reason.
		
	OTHER CONDITIONS	  	If taxes other than VAT or other expenses are set by the government to the leasing operation that concern the premises of the destinations of this agreement , they are added to the lease
according to the lease contract required by the lessor.
		
		  	The lessor has to transfer this contract to concern the new owner of the property in case the ownership changes in time of the lease.
	
	THE ANNOUNCEMENTS OF THE PARTIES
		
		  	Any notifications and requirements made to the other party have to be made in writing.
	
	SOLVING DIFFERENCES IN OPINIONS
		
		  	The possible differences in opinions caused by this agreement are tried to be solved primarily by negotiations. In case this does not work, the disputes caused by this contract are solved by
arbitration according to the rules of The Arbitration Institute of the Central Chamber of Commerce of Finland.

			
		  	This agreement has been made in two pieces, one for each party.
		
		  	In Espoo April 10.2008 / May 27. 2008
		
	SIGNATURES	  	
		  	MUTUAL PENSION INSURANCE COMPANY ETERA
		
		  	ENCORIUM
		
	ATTACHMENTS	  	Floor plan
		  	Parking lots
		  	Statement of the means of building November 15. 2004

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