Document:

EX-10.58

 

    Exhibit 10.58
    

 

    [Form of Tax
    Equalization Agreement]

    

 

    [Messrs. Bürker,
    Filliol, Lang, Lüthi, Spoerry, von Arb and Widmer]
    

 

    (by internal
    mail)
    

 

    Date October 10, 2007

    Reference JTB

    Direct dial +41 44 944-3634

    Telefax +41 44 944-3624

 

    Dear Mr. [name]:

 

    The company has requested that you file US income tax returns to
    ensure you are in full compliance with US tax laws. This filing
    requirement is due to your working part of your time in the
    United States in your capacity as an officer of Mettler-Toledo
    International Inc.

 

    As a Swiss tax resident, generally you are already subject to
    Swiss income taxes on earnings related to US workdays. Although
    a portion of your earnings subject to tax in the U.S. may
    be excluded from taxation in Switzerland, depending on your
    situation, a double taxation cost could result absent the
    provisions of this agreement.

 

    You will also have additional tax return preparation costs
    associated with the filing of US income tax returns, and,
    possibly, in connection with filing your Swiss tax declaration.

 

    In connection with these matters, we have agreed to seek to keep
    you in the same position that you would have been in had no US
    income tax return been filed. It is our intention that your
    financial situation be no better and no worse than if no US
    returns were filed. In particular, we have agreed to the
    following:

 

    Additional income
    taxes
    

 

    The company will pay any higher income taxes that result from
    your filing US income tax returns, whether in the United States
    or in Switzerland.

 

    Additional tax
    return preparation expenses
    

 

    The company will engage and pay for accountants to prepare your
    US income tax returns, and will also pay for any additional
    counseling necessary to prepare and file your Swiss tax
    declaration in the future if the filing requires changes from
    the process followed in prior years.

 

    Tax payments
    

 

    The company will pay your US tax liabilities on your behalf, as
    well as any interest and penalties due on this additional tax
    liability, provided that you comply with requests from the
    company
    and/or the
    accountants in a timely manner. For ease of administration,
    while this agreement is in effect, the company will timely
    deposit with the appropriate taxing authority the applicable
    U.S. tax calculated on the U.S. compensation you
    receive from METTLER TOLEDO. All payments by the company under
    this agreement to reimburse you for additional Swiss tax, if
    any, shall be made no later than the end of the second calendar
    year that begins after the calendar year in which you receive a
    final assessment requiring Swiss tax to be paid.

 

    You agree that any amount by which your Swiss tax liability is
    decreased from what it would have been had the US tax payments
    not been made will be promptly repaid to the company as soon as
    your Swiss tax liability for a given year has been paid and an
    equalization calculation is prepared on the company’s
    behalf.

 

    Coverage and scope
    of agreement
    

 

    This agreement covers all income related to your employment with
    METTLER TOLEDO, including income upon option exercises or other
    equity incentives. This agreement does not extend to income from

 

    sources other than METTLER TOLEDO, except for passive income on
    US investments to the extent not otherwise subject to taxation
    in Switzerland.

 

    If your employment with the company is terminated, this
    agreement will continue to apply until all tax returns that
    report METTLER TOLEDO source income have been filed and tax
    liabilities related to METTLER TOLEDO income have been
    concluded. In addition, it is the intent of the company to only
    indemnify you for incremental taxes as if income from METTLER
    TOLEDO was your only US source income.

 

    If you are in agreement to proceeding on this basis, please sign
    below and return a copy.

 

    Mettler-Toledo
    International Inc.
    

 

			
	 	    By: 
	
    James T.
    Bellerjeau

			
	 	    Title: 
	
    General Counsel

 

    Acknowledged and Agreed:

 

    [name]EX-10.45

 

    Exhibit 10.45

 

    CNX GAS
    CORPORATION

    2008 LONG-TERM INCENTIVE PROGRAM

 

    CNX GAS CORPORATION, a Delaware corporation (the
    “Company”), hereby establishes this CNX GAS
    CORPORATION 2008 LONG-TERM INCENTIVE PROGRAM (the
    “Program”), in accordance with the provisions of the
    CNX Gas Corporation Equity Incentive Plan, as amended (the
    “Plan”), and the terms provided herein.

 

    WHEREAS, the Company maintains the Plan for the benefit of its
    key employees and that of its Affiliates; and

 

    WHEREAS, in order to further align the interests of key
    employees with the interests of the stockholders, the Company
    desires to provide long-term incentive compensation; and

 

    WHEREAS, the Program is intended to enhance the Company’s
    ability to retain the employment of participants in the Program,
    and also to protect the Company’s legitimate business
    interests, including its confidential information, customer
    relationships, and good will, through the use of restrictive
    covenants; and

 

    WHEREAS, Section 8 of the Plan authorizes the Company to
    make performance-based awards.

 

    NOW, THEREFORE, the Independent Subcommittee of the Compensation
    Committee of the Company’s Board of Directors (including
    any successor to its duties, the “Independent
    Subcommittee”) hereby adopts the Program on the following
    terms and conditions:

 

    1.  Purpose.  The purposes of
    the Program are to: (i) provide long-term incentive
    compensation to key employees to further align their interests
    with those of the Company’s stockholders; and
    (ii) protect the Company’s legitimate business
    interests, including its confidential information, customer
    relationships, and goodwill, through the use of restrictive
    covenants. In addition to the terms and conditions set forth
    herein, awards under the Program are subject to, and governed
    by, the terms and conditions set forth in the Plan, which are
    hereby incorporated by reference. Unless the context otherwise
    requires, capitalized terms used in this Program and not
    otherwise defined herein shall have the meanings set forth in
    the Plan. In the event of any conflict between the provisions of
    the Program and the Plan, the Plan shall control.

 

    2.  Effective Date.  The
    effective date of this Program is January 1, 2008. The
    Program will remain in effect until the earlier of
    December 31, 2010 or the closing date of a Change in
    Control event as defined in the Plan.

 

    3.  Eligibility.  The Chief
    Executive Officer of the Company (the “CEO”) shall
    nominate the employees of the Company and its Affiliates who
    shall be eligible to participate in the Program. The Independent
    Subcommittee shall select from the nominated employees those
    individuals who shall participate in the Program (each a
    “Participant” and collectively the
    “Participants”). In the event that an employee is
    hired by the Company or an Affiliate during the Performance
    Period, upon nomination by the CEO and to the extent consistent
    with Section 162(m) of the Code, the Independent
    Subcommittee shall determine whether such employee will become a
    Participant in the Program. In the event such an employee is
    approved by the Independent Subcommittee to become a Participant
    in the Program, the number of Performance Share Units (as
    defined below) awarded to such person will be calculated based
    on the Company’s common stock price at the time of grant
    (unless otherwise determined by the Independent Subcommittee) in
    accordance with the procedures established by the Independent
    Subcommittee.

 

    4.  Performance Share Unit Awards.

 

    4.1 The Independent Subcommittee shall determine the number
    of performance share units (the “Performance Share
    Units”) to be awarded to each Participant. Each Performance
    Share Unit awarded under the Program shall represent a
    contingent right to receive a cash payment, determined by
    reference to the value of one share of the Company’s common
    stock as described more fully

 

    herein, to the extent such Performance Share Unit is earned and
    becomes payable pursuant to the terms of this Program.
    Notwithstanding, Performance Share Units as initially awarded
    have no independent economic value, but rather are mere units of
    measurement used for purpose of calculating the value of
    benefits, if any, to be paid under the Program.

 

    4.2 Performance Units shall be increased
    and/or
    decreased in accordance with the terms of the Program as
    described more fully herein. Notwithstanding any provision of
    this Plan to the contrary, the Independent Subcommittee shall
    not use its discretionary authority to increase the number of
    Performance Share Units that would otherwise be earned upon
    attainment of the Performance Condition (as defined below) with
    respect to any award that is intended to be performance-based
    compensation under Section 162(m) of the Code.

 

    5.  Performance Condition of the Performance
    Share Units.  Subject to Section 9, the
    total number of Performance Share Units that will be earned by a
    Participant will be based on the Company’s total
    stockholder return (the “Performance Condition”)
    relative to the total stockholder return of each company in the
    peer group (as set forth on Attachment A), for the period of
    January 1, 2008 to December 31, 2010 (the
    “Performance Period”); provided, however, that the
    ability to earn Performance Share Units and to receive payment
    thereon under the Program is expressly contingent upon
    achievement of the threshold for the Performance Condition and
    otherwise satisfying all other terms and conditions of the
    Program. For purposes of this Program, total stockholder return
    for the Performance Period will be calculated as follows:

 

    Step 1

 

    A “Beginning Point” will be established for the
    Company and each company in the peer group. This Beginning Point
    will be defined as one share of stock with a value equal to the
    average closing stock price as reported in The Wall Street
    Journal for the ten (10) business day period beginning
    on January 1, 2008 (or the first business day immediately
    thereafter) for each company.

 

    Step 2

 

    Dividends paid for each company will be cumulatively added to
    the Beginning Point as additional shares of such company’s
    stock. The closing price on the last business day of the month
    in which the record date for the dividend occurs will be used as
    the basis for determining the number of shares to be added. The
    total number of shares accumulated during the Performance
    Period, if any, plus the Beginning Point will be referred to as
    the Total Units Held at Ending Point.

 

    Step 3

 

    Except as provided in the following sentence, an “Ending
    Point” will be defined as Total Units Held at Ending Point
    for each company times the average closing stock price as
    reported in The Wall Street Journal for the last ten
    (10) business days of the Performance Period for each
    company. In the event of a Change in Control as then defined in
    the Plan, the Ending Point will be defined as the Total Units
    Held at Ending Point times the average of the closing price as
    reported in The Wall Street Journal for the ten
    (10) business days preceding the closing of the Change in
    Control transaction.

 

    Step 4

 

    Total Stockholder Return (“TSR”) will be expressed as
    a percentage and is calculated by dividing the Ending Point by
    the Beginning Point and then subtracting 1 from the result. Each
    company, including the Company, will be ranked in descending
    order by the TSR so calculated; provided, however, if a member
    of the peer group ceases to exist during the Performance Period
    due to a cash merger, tender offer, or otherwise, such member
    shall be excluded from all determinations to be made under the
    Program.

 

    Step 5

 

    The Performance Share Units earned by a Participant will be
    determined by multiplying the Participant’s Performance
    Share Units by the applicable “Percent of Performance Share
    Units Earned” that corresponds to

    

    2

 

    the Company’s “Percentage Ranking in TSR” for the
    Performance Period, as set forth in the schedule shown below.

 

    OUTCOME
    RELATIVE TO PEER GROUP TSR

 

	 	 	 	 	 	 	 
	
 
	
 
	
 
	
 
	
    Percent of

    

	
 
	
 
	
    Percentage

    
	
 
	
    Performance

    

	

    Level of Performance

	
 
	

    Ranking in TSR

	
 
	

    Units Earned

	 

	

    Below Threshold

	
 
	
    Below 25th percentile
	
 
	
 
	
    0
	
    %

	

    Threshold

	
 
	
    25th percentile
	
 
	
 
	
    50
	
    %

	

    Target

	
 
	
    50th percentile
	
 
	
 
	
    100
	
    %

	

    Outstanding

	
 
	
    75th percentile
	
 
	
 
	
    200
	
    %

	

    Maximum

	
 
	
    90th percentile or greater
	
 
	
 
	
    250
	
    %

 

    Note: Interpolation between points will be made on a straight
    line basis. Below the 25th percentile and above the
    90th percentile, there shall be no interpolation.

 

    6.  Issuance and Distribution.

 

    6.1 After the end of the Performance Period, the
    Independent Subcommittee shall certify in writing prior to
    payment the extent to which the applicable Performance Condition
    and any other material terms of the Program have been achieved.
    For purposes of this provision, and for so long as the Code
    permits, the approved minutes of the Independent Subcommittee
    meeting in which the certification is made may be treated as
    written certification.

 

    6.2 Subject to the terms and conditions of this Program:
    (i) Performance Share Units earned by a Participant will be
    settled and paid in cash by the Company or its Affiliates, as
    applicable, the amount of which shall be calculated based upon
    each Performance Share Unit being equal in value to a
    corresponding share of Company common stock as of the last day
    of the Performance Period, as soon as practicable following the
    end of the Performance Period on a date determined in the
    Company’s discretion, but in no event later than two and
    one-half months after the end of the Performance Period (the
    “Payment Date”); and (ii) in the event of a
    Change in Control, the value of such units will be distributed
    in cash on the closing date of the Change in Control transaction
    (the “CiC Payment Date”), and such value shall be
    determined as of the closing date of such transaction with the
    closing date of such transaction being deemed the last day of
    the Performance Period and calculated in accordance with the
    provisions of Section 5 herein. Notwithstanding the
    foregoing, no award intended to qualify as performance-based
    compensation within the meaning of Section 162(m) of the
    Code shall be become payable or paid prior to approval of the
    Plan’s material terms by the Company’s stockholders.

 

    7.  Change in Control.  Upon a
    Change in Control, unless otherwise provided by separate
    agreement between the Company and the Participant, in the event
    that any benefits under this Program, either alone or together
    with any other payments or benefits otherwise owed to the
    Participant by the Company on or after a Change in Control
    would, in the Company’s good faith opinion, be deemed under
    Section 280G of the Code, or any successor provision, to be
    parachute payments, the benefits under this Program shall be
    reduced to the extent necessary in the Company’s good faith
    opinion so that no portion of the benefits provided herein shall
    be considered excess parachute payments under Section 280G
    of the Code or any successor provision. The Company’s good
    faith opinion shall be conclusive and binding upon the
    Participant.

 

    8.  Dividends.  Each
    Performance Share Unit will be cumulatively credited with
    dividends that are paid on the Company’s common stock in
    the form of additional units. These additional units shall be
    deemed to have been purchased on the last business day of the
    month in which the record date for the dividend occurs using the
    closing stock price of the Company’s common stock as
    reported in The Wall Street Journal and shall be subject
    to all the same conditions and restrictions as provided in this
    Program applicable to Performance Share Units.

    

    3

 

    9.  Change in Participant’s Status.

 

    9.1 In the event a Participant Separates from Service prior
    to the Payment Date or the CiC Payment Date, as applicable, for
    any reason other than the death or Disability of the
    Participant, the Performance Share Units awarded to the
    Participant shall be cancelled and forfeited, whether payable or
    not, without payment by the Company or any Affiliate. In the
    event a Participant Separates from Service due to death or
    Disability during the Performance Period, the Participant shall
    be entitled to a prorated portion of the Performance Share
    Units, to the extent earned pursuant to the provisions of this
    Program, determined at the end of the Performance Period and
    based on the ratio of the number of complete months the
    Participant is employed or serves during the Performance Period
    to the total number of months in the Performance Period (or the
    number of remaining months in the Performance Period if the
    Participant is admitted after the start of the Performance
    Period). Any payments due a deceased Participant shall be paid
    to his estate as provided herein after the end of the
    Performance Period.

 

    9.2 For purposes of the Program, the term “Separation
    from Service” shall mean the Participant’s death,
    retirement or other termination of employment with the Company
    and all of its controlled group members within the meaning of
    Section 409A of the Code. For purposes of the Program, the
    determination of controlled group members shall be made pursuant
    to the provisions of Section 414(b) and 414(c) of the Code;
    provided that the language “at least 50 percent”
    shall be used instead of “at least 80 percent” in
    each place it appears in Section 1563(a)(1),(2) and
    (3) of the Code and Treas. Reg. § 1.414(c)-2;
    provided, further, where legitimate business reasons exist
    (within the meaning of Treas. Reg. § 1.409A-1(h)(3)),
    the language “at least 20 percent” shall be used
    instead of “at least 80 percent” in each place it
    appears. Whether a Participant has a Separation from Service
    will be determined based on all of the facts and circumstances
    and in accordance with the guidance issued under
    Section 409A, as applicable.

 

    10.  Responsibilities of the Independent
    Subcommittee.  In addition to the authority
    granted to the Independent Subcommittee under the Plan, the
    Independent Subcommittee has responsibility for all aspects of
    the Program’s administration, including but not limited to:
    ensuring that the Program is administered in accordance with the
    provisions of the Program and the Plan; approving Participants;
    authorizing Performance Share Unit awards to Participants; and
    adjusting Performance Share Units as authorized hereunder
    consistent with the terms of the Program. All decisions of the
    Independent Subcommittee under the Program shall be final,
    conclusive and binding on all interest parties. No member of the
    Independent Subcommittee shall be liable for any action or
    determination made in good faith on the Program or any
    Performance Share Units awarded thereunder.

 

    11.  Tax Consequences/Withholding.

 

    11.1 It is intended that: (i) a Participant’s
    Performance Share Units shall be considered to be subject to a
    substantial risk of forfeiture in accordance with those terms as
    defined in Section 409A and 3121(v)(2) of the Code; and
    (ii) a Participant shall have merely an unfunded, unsecured
    promise to be paid a benefit, and such unfunded promise shall
    not consist of a transfer of “property” within the
    meaning of Code Section 83.

 

    11.2 A Participant shall timely remit to the Company all
    applicable federal, state and local income and employment taxes
    (including taxes of any foreign jurisdiction) which the Company
    is required to withhold at any time with respect to the
    Performance Share Units. Such payment shall be made to the
    Company in full, in cash or check, or as otherwise authorized
    under the terms of the Plan.

 

    11.3 This Program is intended to be excepted from coverage
    under Section 409A of the Code and the regulations
    promulgated thereunder and shall be construed accordingly.
    Notwithstanding any provision of this Program to the contrary,
    if any benefit provided under this Program is subject to the
    provisions of Section 409A of the Code and the regulations
    issued thereunder (and not excepted therefrom), the provisions
    of the Program shall be administered, interpreted and construed
    in a

    

    4

 

    manner necessary to comply with Section 409A, the
    regulations issued thereunder (or disregarded to the extent such
    provision cannot be so administered, interpreted, or construed).
    The Company reserves the right to accelerate, delay or modify
    distributions to the extent permitted under Section 409A,
    the regulations and other binding guidance promulgated
    thereunder. Notwithstanding, Section 409A of the Code may
    impose upon the Participant certain taxes or other charges for
    which the Participant is and shall remain solely responsible,
    and nothing contained in this Program or the Plan shall be
    construed to obligate the Company or any Affiliate for any such
    taxes or other charges.

 

    11.4 Notwithstanding any provision of the Program to the
    contrary, if an award of Performance Share Units under this
    Program is intended to qualify as performance-based compensation
    under Section 162(m) of the Code and the regulations issued
    thereunder and a provision of this Program would prevent such
    award from so qualifying, such provision shall be administered,
    interpreted and construed to carry out such intention (or
    disregarded to the extent such provision cannot be so
    administered, interpreted or construed).

 

    12.  Non-Competition.

 

    12.1 The Participants hereunder agree that this
    Section 12 is reasonable and necessary in order to protect
    the legitimate business interests and goodwill of the Company,
    including the Company’s trade secrets, valuable
    confidential business and professional information, substantial
    relationships with prospective and existing customers and
    clients, and specialized training provided to Participants and
    other employees of the Company. The Participants acknowledge and
    recognize the highly competitive nature of the business of the
    Company and its Affiliates and accordingly agree that during the
    term of each of their employment and for a period of two
    (2) years after the termination thereof:

 

    (a) The Participants will not directly or indirectly engage
    in any business substantially similar to any line of business
    conducted by the Company or any of its Affiliates, including,
    but not limited to, where such engagement is as an officer,
    director, proprietor, employee, partner, investor (other than as
    a holder of less than 1% of the outstanding capital stock of a
    publicly traded corporation), consultant, advisor, agent or
    sales representative, in any geographic region in which the
    Company or any of its Affiliates conducted business or offered
    products or services;

 

    (b) The Participants will not contact, solicit, perform
    services for, or accept business from any customer or
    prospective customer of the Company or any of its Affiliates;

 

    (c) The Participants will not directly or indirectly induce
    any employee of the Company or any of its Affiliates to
    (1) engage in any activity or conduct which is prohibited
    pursuant to this subparagraph 12(a), or (2) terminate such
    employee’s employment with the Company or any of its
    Affiliates. Moreover, the Participants will not directly or
    indirectly employ or offer employment (in connection with any
    business substantially similar to any line of business conducted
    by the Company or any of its Affiliates) to any person who was
    employed by the Company or any of its Affiliates unless such
    person shall have ceased to be employed by the Company or any of
    its Affiliates for a period of at least 12 months; and

 

    (d) The Participants will not directly or indirectly assist
    others in engaging in any of the activities, which are
    prohibited under subparagraphs (a) — (c) above.

 

    12.2 It is expressly understood and agreed that although
    the Participants and the Company consider the restrictions
    contained in this Section 12 to be reasonable, if a final
    judicial determination is made by a court of competent
    jurisdiction that the time or territory or any other restriction
    contained in this Program is an unenforceable restriction
    against any Participant, the provisions of this Program shall
    not be rendered void but shall be deemed amended to apply as to
    such maximum time and territory and to such maximum extent as
    such court may judicially determine or indicate to be
    enforceable against such Participant. Alternatively, if any
    court of competent jurisdiction finds that any restriction
    contained in this Program is unenforceable, and such restriction
    cannot be

    

    5

 

    amended so as to make it enforceable, such finding shall not
    affect the enforceability of any of the other restrictions
    contained herein. The restrictive covenants set forth in this
    Section 12 shall be extended by any amount of time that a
    Participant is in breach of such covenants, such that the
    Company receives the full benefit of the time duration set forth
    above.

 

    13.  Confidential Information and Trade
    Secrets.  The Participants and the Company
    agree that certain materials, including, but not limited to,
    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, the Participants will not at any time
    during or after a Participant’s employment with the Company
    (including any Affiliate) disclose or use for such
    Participant’s 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 such Participant’s breach of this covenant. The
    Participants agree that upon termination of employment with the
    Company (including any Affiliate) for any reason, the
    Participants 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, except
    that the Participants may retain personal notes, notebooks and
    diaries. The Participants further agree that the Participants
    will not retain or use for their 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.

 

    14. Remedies/Forfeiture.

 

    14.1 The Participants acknowledge that a violation or
    attempted violation on a Participant’s part of
    Sections 12 and 13 will cause irreparable damage to the
    Company and its Affiliates, and the Participants therefore agree
    that the Company and its Affiliates shall be entitled as a
    matter of right to an injunction, out of any court of competent
    jurisdiction, restraining any violation or further violation of
    such promises by the Participants or a Participant’s
    employees, partners or agents. The Participants agree that such
    right to an injunction is cumulative and in addition to whatever
    other remedies the Company (including any Affiliate) may have
    under law or equity. Specifically, the Participants agree that
    such right to an injunction is cumulative and in addition to the
    Participants’ obligations to make timely payment to the
    Company as set forth in Section 14(b) of this Program.
    The Participants further acknowledge and agree that a
    Participant’s Performance Share Units shall be cancelled
    and forfeited without payment by the Company if such Participant
    breaches any of his or her obligations set forth in
    Sections 12 and 13 herein.

 

    14.2 At any point after becoming aware of a breach of any
    obligation set forth in Sections 12 and 13 of this Program,
    the Company shall provide notice of such breach to a
    Participant. By agreeing to participate in this Program, the
    Participants agree that within ten (10) days after the date
    the Company provides such notice, a Participant shall pay to the
    Company in cash an amount equal to any and all distributions
    paid to or on behalf of such Participant under of this Program
    within the six (6) months prior to the date of the earliest
    breach. The Participants agree that failure to make such timely
    payment to the Company constitutes an independent and material
    breach of the terms and conditions of this Program, for which
    the Company may seek recovery of the unpaid amount as liquidated
    damages, in addition to all other rights and remedies the
    Company may have resulting from a Participant’s breach of
    the obligations set forth in Sections 12 and 13. The
    Participants agree that timely payment to the Company as set
    forth in this provision of the Program is reasonable and
    necessary because the compensatory damages that will result from
    breaches of Sections 12
    and/or 13
    cannot readily be ascertained. Further, the Participants agree
    that timely payment to the Company as set forth in this
    provision of the Program is not a penalty, and it does not
    preclude the Company

    

    6

 

    from seeking all other remedies that may be available to the
    Company, including without limitation those set forth in this
    Section 14.

 

    15. Assignment/Nonassignment.

 

    15.1 The Company shall have the right to assign this
    Program, including without limitation Sections 12 and 13,
    and the Participants agree to remain obligated by all provisions
    of this Program that are assigned to any successor, assign or
    surviving entity. Any successor to the Company is an intended
    third party beneficiary of this Program.

 

    15.2 The Performance Share Units shall not be sold,
    pledged, assigned, hypothecated, transferred or disposed of (a
    “Transfer”) in any manner, other than by will or the
    laws of descent and distribution. Any attempt by a Participant
    to Transfer the Performance Share Units in violation of the
    terms of the Program shall render the Performance Share Units
    null and void, and result in the immediate forfeiture of such
    Performance Share Units, without payment by the Company.

 

    16. Impact on Benefit
    Plans.  Payments under the Program shall not
    be considered as earnings for purposes of the Company’s
    and/or
    Affiliate’s qualified retirement plans or any such
    retirement or benefit plan unless specifically provided for
    therein. Nothing herein shall prevent the Company or any
    Affiliate from maintaining additional compensation plans and
    arrangements for its employees.

 

    17. Successors; Changes in
    Stock.  The obligation of the Company under
    the Program shall be binding upon the successors and assigns of
    the Company. If a dividend or other distribution shall be
    declared upon the Company’s common stock payable in shares
    of Company common stock, the Performance Share Units and the
    shares of Company common stock on which the Performance
    Condition is based shall be adjusted by adding thereto the
    number of shares of Company common stock which would have been
    distributable thereon if such shares and Performance Share Units
    had been actual Company shares and outstanding on the date fixed
    for determining the stockholders entitled to receive such stock
    dividend or distribution. In the event of any spin-off,
    split-off or
    split-up,
    dividend in property other than cash, recapitalization or other
    change in the capital structure of the Company, or any merger,
    consolidation, reorganization, partial or complete liquidation
    or other distribution of assets (other than a normal cash
    dividend), or any other corporate transaction or event having an
    effect similar to any of the foregoing, or extraordinary
    distribution to stockholders of the Company’s common stock,
    the Performance Share Units and the shares of Company common
    stock on which the Performance Condition is based shall be
    appropriately adjusted to prevent dilution or enlargement of the
    rights of Participants which would otherwise result from any
    such transaction, provided such adjustment shall be consistent
    with Code Section 162(m) and Section 409A, as
    applicable.

 

    In the case of a Change in Control, any obligation under the
    Program shall be handled in accordance with the terms of
    Sections 6 and 7 hereof. In any case not constituting a
    Change in Control in which the Company’s common stock is
    changed into or becomes exchangeable for a different number or
    kind of shares of stock or other securities of the Company or
    another corporation, or cash or other property, whether through
    reorganization, reclassification, recapitalization, stock
    split-up,
    combination of shares, merger or consolidation, then
    (i) the value of the Performance Share Units constituting
    an award shall be calculated based on the closing price of such
    common stock on the closing date of the transaction on the
    principal market on which such common stock is traded,
    (ii) there shall be substituted for each Performance Share
    Unit constituting an award, the number and kind of shares of
    stock or other securities (or cash or other property) into which
    each outstanding share of the Company’s common stock shall
    be so changed or for which each such share shall be
    exchangeable, and (iii) the share of Company common stock
    on which the Performance Condition is based shall be
    appropriately and equitably adjusted, provided any such
    adjustments shall be consistent with Code Section 162(m)
    and Section 409A, as applicable. In the case of any such
    adjustment, the Units shall remain subject to the terms of the
    Program.

 

    18. Governing Law, Jurisdiction, and Venue.

 

    18.1 This Program shall be governed by and construed in
    accordance with the laws of the State of Delaware, without
    giving effect to the principles of conflicts of law.

    

    7

 

    18.2 Participant hereby irrevocably submits to the personal
    and exclusive jurisdiction of the United States District Court
    for the Western District of Pennsylvania or the Court of Common
    Pleas of Allegheny County, Pennsylvania in any action or
    proceeding arising out of, or relating to, this Program (whether
    such action or proceeding arises under contract, tort, equity or
    otherwise). Participant hereby irrevocably waives any objection
    which Participant now or hereafter may have to the laying of
    venue or personal jurisdiction of any such action or proceeding
    brought in said courts.

 

    18.3 Jurisdiction over, and venue of, any such action or
    proceeding shall be exclusively vested in the United
    States District Court for the Western District of Pennsylvania
    or the Court of Common Pleas of Allegheny County, Pennsylvania.

 

    18.4 Provided that the Company commences any such action or
    proceeding in the courts identified in Section 18(c),
    Participant irrevocably waives Participant’s right to
    object to or challenge the above selected forum on the basis of
    inconvenience or unfairness under 28 U.S.C.
    § 1404, 42 Pa. C.S. § 5322 or similar state
    or federal statutes. Participant agrees to reimburse the Company
    for all of the attorneys fees and costs it incurs to oppose
    Participant’s efforts to challenge or object to litigation
    proceeding in the courts identified in Section 18(c) with
    respect to actions arising out of or relating to this Program
    (whether such actions arise under contract, tort, equity or
    otherwise).

 

    19. Failure to Enforce Not a
    Waiver.  The failure of the Company to enforce
    at any time any provision of this Program shall in no way be
    construed to be a waiver of such provision or of any other
    provision hereof.

 

    20. Severability.  In the event
    that any one or more of the provisions of this Program shall be
    held to be invalid, illegal or unenforceable, the validity,
    legality or enforceability of the remaining provisions shall not
    in any way be affected or impaired thereby.

 

    21. Funding.  The Program is not
    funded and all amounts payable hereunder, if any, shall be paid
    from the general assets of the Company or its Affiliate, as
    applicable. No provision contained in this Program or the Plan
    and no action taken pursuant to the provisions of this Program
    or the Plan shall create a trust of any kind or require the
    Company to maintain or set aside any specific funds to pay
    benefits hereunder. To the extent a Participant acquires a right
    to receive payments from the Company under the Program, such
    right shall be no greater than the right of any unsecured
    general creditor of the Company.

 

    22. Headings.  The descriptive
    headings of the Sections of this Program are inserted for
    convenience of reference only and shall not constitute a part of
    this Program.

 

    23. Amendment or Termination of this
    Program.  This Program may be modified,
    amended, suspended or terminated by the Independent Subcommittee
    at any time; provided, however, that no modification, amendment,
    suspension or termination of this Plan shall adversely affect
    the rights of a Participant under the Program without the
    consent of such Participant. Notwithstanding the foregoing or
    any provision of this Program to the contrary, the Company may,
    in its sole discretion and without the Participant’s
    consent, modify or amend the terms of the Plan or a Performance
    Share Unit award, or take any other action it deems necessary or
    advisable, to cause the Plan to comply with Section 409A
    (or an exception thereto). Any modification, amendment,
    suspension or termination shall only be effective upon a writing
    issued by the Company, and a Participant shall not offer
    evidence of any purported oral modifications or amendments to
    vary or contradict the terms of this Program document.

 

    [remainder of page intentionally left blank; signature page
    follows]

    

    8

 

    IN WITNESS WHEREOF, the undersigned have executed this
    Program on the day and year indicated below. This Program may be
    executed in more than one counterpart, each of which is deemed
    to be an original and all of which taken together constitute one
    and the same agreement.

 

    James E. Altmeyer, Sr., Member of the Independent Subcommittee
    and Chairman of the Compensation Committee

 

    Dated: December 10, 2007

    

    9

 

    ATTACHMENT
    A

 

	 	 	 	 	 
	 
	

    1.

	 
	
 
	
    Anadarko Petroleum Corporation

	 
	

    2.

	 
	
 
	
    Berry Petroleum Co CL A

	 
	

    3.

	 
	
 
	
    Bill Barrett Corp.

	 
	

    4.

	 
	
 
	
    Cabot Oil & Gas Corporation

	 
	

    5.

	 
	
 
	
    Chesapeake Energy Corporation

	 
	

    6.

	 
	
 
	
    Cimarex Energy Co.

	 
	

    7.

	 
	
 
	
    Comstock Resources, Inc.

	 
	

    8.

	 
	
 
	
    Denbury Resources, Inc.

	 
	

    9.

	 
	
 
	
    EOG Resources, Inc.

	 
	

    10.

	 
	
 
	
    Equitable Resources, Inc.

	 
	

    11.

	 
	
 
	
    Forest Oil Corporation

	 
	

    12.

	 
	
 
	
    Newfield Exploration Company

	 
	

    13.

	 
	
 
	
    Northwest Natural Gas Company

	 
	

    14.

	 
	
 
	
    Penn Virginia Corp.

	 
	

    15.

	 
	
 
	
    Petrohawk Energy Corporation

	 
	

    16.

	 
	
 
	
    Pioneer Natural Resources Company

	 
	

    17.

	 
	
 
	
    Plains Exploration & Production Company

	 
	

    18.

	 
	
 
	
    Pogo Producing Company

	 
	

    19.

	 
	
 
	
    Quicksilver Resources Inc.

	 
	

    20.

	 
	
 
	
    Range Resources Corporation

	 
	

    21.

	 
	
 
	
    Southwestern Energy Company

	 
	

    22.

	 
	
 
	
    St. Mary Land & Exploration Company

	 
	

    23.

	 
	
 
	
    Ultra Petroleum Corp.

	 
	

    24.

	 
	
 
	
    Whiting Petroleum Corporation

	 
	

    25.

	 
	
 
	
    XTO Energy Inc.

    

    10

 

    CNX
    GAS CORPORATION

    2008 LONG-TERM INCENTIVE PROGRAM

    Performance
    Share Unit Award Agreement

 

    [DATE]

 

    [NAME AND ADDRESS]

 

    Dear [NAME]:

 

    Pursuant to the terms and conditions of the Company’s
    Equity Incentive Plan (as amended, the “Plan”)
    and the 2008 Long-Term Incentive Program (the
    “Program”), effective January 1, 2008, and
    as approved by the Independent Subcommittee of the Compensation
    Committee of the Board of the Directors of CNX Gas Corporation
    (the “Independent Subcommittee”) you are hereby
    awarded          
    Performance Share Units (the “Award”). The
    terms and conditions of your Award are governed by the
    provisions of the Program document attached hereto as
    Exhibit A, the terms of which are hereby
    incorporated by reference. Capitalized terms not otherwise
    defined herein shall each have the meaning assigned to them in
    the Program.

 

    CNX GAS CORPORATION

 

			
	 	    By: 
	
        

    Nicholas J. DeIuliis

    President and Chief Executive Officer

 

    I hereby acknowledge and accept the Award described above
    subject to all of the terms and conditions of the Program,
    including, without limitation, the forfeiture and covenant
    provisions set forth in Sections 12, 13 and 14 of the
    Program, regardless of whether the Award ever results in a
    payment under the Program. I further acknowledge receipt of a
    copy of the Program document and the Plan, and I agree to be
    bound by all the provisions of the Program and the Plan, as
    amended from time to time.

 

    By signing below, I acknowledge that: (i) I have read and
    understand the Program, including, without limitation, the
    provisions that require me to repay monies to the Company if I
    breach Section 12 or 13 of the Program within six
    (6) months of distribution; (ii) the Performance Share
    Units that have been awarded to me have no independent economic
    value, but rather are mere units of measurement to be used in
    calculating benefits, if any, available under the Program;
    (iii) I agree to accept as binding, conclusive and final
    all decisions or interpretations of the Independent Subcommittee
    upon any questions arising under this Agreement, the Program or
    the Plan; and (iv) my decision to participate in the
    Program is completely voluntary and done with full knowledge of
    its terms. I further acknowledge and agree that in the
    event I Separate from Service prior to the Payment Date or the
    CiC Payment Date, as applicable, for any reason other than my
    death or Disability, the Performance Share Units awarded to me
    shall be cancelled and forfeited, whether payable or not,
    without payment by the Company or any Affiliate.

 

    Signature:
    ­
    ­
    Date:
    ­
    ­

              Name:

    

    11

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00136-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00136-of-00352.parquet"}]]