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  Exhibit 10.23    
    

 
    HALCÓN RESOURCES CORPORATION
  2016 LONG-TERM INCENTIVE PLAN
  
    NON-EMPLOYEE DIRECTOR RESTRICTED STOCK AWARD AGREEMENT    
    

        THIS NON-EMPLOYEE DIRECTOR RESTRICTED STOCK AWARD AGREEMENT (this
"Agreement") is made and entered by and between HALCÓN RESOURCES CORPORATION, a Delaware
corporation (the "Company"), and the Non-Employee Director (the
"Director"). 

        WHEREAS, to carry out the purposes of the HALCÓN RESOURCES CORPORATION 2016 LONG-TERM INCENTIVE
PLAN (as amended, modified or supplemented, the "Plan"), the Company desires to grant to the Director a Restricted Stock Award
pursuant to the terms of this Agreement and the Plan ("Restricted Stock"). 

        NOW THEREFORE, in consideration of the mutual agreements and other matters set forth herein and in the Plan, the Company and the Director
hereby agree as follows: 

        1.    Grant.    On the Date of Grant, the Company hereby grants to the Director shares of
Common Stock (the "Shares") on the terms and conditions set forth in the Grant Information Summary as provided by the Company's third-party Plan
administrator's online platform and in the Plan, which Plan is incorporated herein by reference. 

        2.    Vesting.    

        (a)   The
Shares shall vest six months from the Date of Grant as set forth in the Grant Information Summary; provided, however, that the Director remains in continued service
with the Company through such date and has served as a director of the Company for the entire six-month period preceding such date. 

        (b)   Upon
the termination of the Director's service with the Company, any Shares which are not vested shall be forfeited and returned to the Company, except that: 

          (i)  If
the Director's service with the Company terminates by reason of Disability, legal ownership of the Shares shall fully vest as of the date of such termination. For
purposes hereof, the term Disability shall mean a physical or mental infirmity which impairs the Director's ability to substantially perform his duties for a period of one hundred eighty (180)
consecutive days. 

         (ii)  If
the Director dies while serving on the Board, the Shares shall fully vest on the date of death. 

        (c)   Notwithstanding
any other provision in this Agreement or in the Plan to the contrary, the Shares shall be immediately vested and fully earned upon the occurrence of a
Change of Control Event. 

        3.    Beneficial Ownership.    Unless and until the Shares are forfeited to the Company or
transferred by the Director (in accordance with this Agreement and applicable law), the Director shall have beneficial ownership of the Shares, including the right to receive dividends and the right
to vote the Shares. 

        4.    Issuance of the Shares.    The Shares shall be registered in the name of the Director on
the records of the Company and shall be issued in book-entry form (with no physical certificate issued to the Director). Until the vesting of any Shares (the period from the Date of Grant to the date
of vesting, the "Restriction Period"), any certificate representing the Shares shall be held in escrow by the Company for the account of the Director
and the Company shall issue "stop-transfer" instructions to its transfer agent to prevent the transfer of the Shares by the Director. 

        5.    Transfer Restrictions.    Except as approved by the Company, during the Restriction
Period, the Shares shall not be transferable or assignable by the Director other than by will or the laws of descent 

and
distribution or pursuant to a qualified domestic relations order as defined by Section 414(p) of the Internal Revenue Code of 1986, as amended. No transfer by will, trust, or by the laws of
descent and distribution shall be effective to bind the Company unless the Board, the Compensation Committee of the Board or other such committee as the Board shall appoint to administer the Plan as
permitted by the Plan (collectively herein the "Committee") has been furnished with a copy of the deceased Director's enforceable will, trust or such
other evidence as the Committee deems necessary to establish the validity of the transfer. Any attempted transfer in violation of this provision shall be void and ineffective. 

        6.    Vesting Restrictions.    Except as provided under the terms of the Plan and in
Section 2 hereof, the Shares will vest only during the Director's lifetime while the Director remains in the service of the Company. 

        7.    Withholding of Tax.    To the extent that the granting of the Shares or the lapse of
restrictions applicable to such Shares results in compensation income to the Director for federal or state income tax purposes for which the Company has a withholding obligation, the Director shall
pay to the Company (in cash or to the extent permitted by the Committee, shares of Common Stock held by the Director whose value is equal to the amount of the Director's tax withholding liability as
determined by the Committee) any federal, state or local taxes of any kind required by law to be withheld, if any, with respect to the Shares. The Company, to the extent permitted by law, has the
right to deduct from any payment of any kind otherwise due to the Director from the Company any federal, state or local taxes of any kind required by law to be withheld with respect to the Shares. The
Company is further authorized in its discretion to satisfy any such withholding requirement out of shares of Restricted Stock of the Director held by the Company. 

        8.    Securities Law.    The Director agrees that the Shares will not be sold or otherwise
disposed of in any manner which would constitute a violation of any applicable securities laws, whether federal or state. The Director also agrees that: (i) any certificates representing the
Shares may bear such legend or legends as the Committee deems appropriate in order to assure compliance with applicable securities laws; (ii) the Company may refuse to register the transfer of
such Shares on the stock transfer records of the Company if such proposed transfer would, in the opinion of counsel satisfactory to the Company, constitute a violation of any applicable securities
laws; and (iii) the Company may give related instructions to its transfer agent, if any, to stop registration of the transfer of the Shares. 

        9.    No Rights to Directorship.    Nothing contained in this Agreement shall confer upon the
Director the right to continue in the service of the Company. 

        10.    Representations and Warranties of Director.    The Director represents and warrants to
the Company as follows: 

        (a)   The
Director has received a copy of the Plan and has read and understands the terms of the Plan and this Agreement, and agrees to be bound by their terms and conditions.
The Director acknowledges that there may be adverse tax consequences upon the granting of the Shares, vesting of the Shares or disposition of the Shares once vested, and that the Director should
consult a tax adviser prior to such time. 

        (b)   The
Director agrees to sign such additional documentation as may reasonably be required from time to time by the Company in connection with this Agreement. 

        11.    Binding Effect.    This Agreement shall be binding upon and inure to the benefit of any
successors to the Company and all persons lawfully claiming under the Director. 

        12.    Governing Laws.    This Agreement shall be governed by, and construed in accordance
with, the laws of the State of Texas. 

        13.    Modification.    This Agreement may not be modified except in writing signed by the
parties hereto or their respective successors and permitted assigns. 

        14.    Headings.    The headings of paragraphs in this Agreement are for convenience of
reference only, do not constitute a part of this Agreement, and shall not be deemed to limit or alter any of the provisions of this Agreement. 

        15.    Defined Terms.    Except as otherwise provided in this Agreement, or unless the context
clearly indicates otherwise, capitalized terms used but not defined in this Agreement have the definitions as provided in the Plan. In the event of a conflict or inconsistency between the
discretionary terms and provisions of the Plan and the provisions of this Agreement, this Agreement shall govern and control. 

 

 
 

					
	 	 	 HALCÓN RESOURCES CORPORATION
	

 	
 	
By:	
 	
/s/ LEAH R. KASPAREK

  Leah R. Kasparek
 Senior Vice President, Human Resources and Administration

 

 

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Exhibit 10.23

HALCÓN RESOURCES CORPORATION 2016 LONG-TERM INCENTIVE PLAN NON-EMPLOYEE DIRECTOR RESTRICTED STOCK AWARD AGREEMENTtse_Ex_10-10

		

			Exhibit 10.10

		

			

					

						

					

					

						 

					

						 

					

						 

					

						 

					

					

						 

					

						1000 Chesterbrook

					

						Blvd, Suite 300

					

						Berwyn, PA 19312

				

		

			 

		

		
			Strictly Private & Confidential
		

		
			December 21, 2017 
		

		
			Marilyn Horner
		

		
			Re: Trinseo Retention Bonus 
		

		
			Dear Marilyn:
		

		
			It is with great pleasure that I write to inform you that Trinseo US Holdings, Inc. and Trinseo LLC (collectively, “Trinseo” or the “Company”) wish to recognize your consistent performance and commitment to the Company, and reward and incentivize your continued employment in the form of the Retention Bonus set forth below.
		

		
			Retention Bonus
		

		
			In consideration for your continued employment in your current role as Senior Vice President, Human Resources with the Company through June 30, 2018 (the “Commitment Date”), you will be eligible for an individual, extraordinary (one time) conditional retention bonus of $100,000.00 (the “Retention Bonus”). Your eligibility for the Retention Bonus is subject to the terms and conditions set out below.
		

		
			Terms and Conditions of Retention Bonus
		

		
			1.     Retention Bonus Calculation and Pay-Out Schedule
		

		
			The Retention Bonus is calculated and shall be paid out as set forth below:
		

		
			A payment equal to the full amount will be paid to you in July 2018, on the next regular Company payroll cycle following the Commitment Date. The Retention Bonus will be made subject to withholding for applicable taxes.
		

		
			2.     Conditions For Receiving a Retention Bonus
		

		
			Your right to receive and retain the Retention Bonus is conditional upon and subject to:
		

			
	
			
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			You sign and return this Retention Bonus agreement;

			
	
			
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			You continue in the Company’s employ through the Commitment Date or you are terminated from employment by Trinseo, other than for Cause, prior to the Commitment Date;

			
	
			
				 ·
			

			
	
			
			You have not terminated your employment with Trinseo prior to the Commitment Date; and

			
	
			
				 ·
			

			
	
			
			Your employment with Trinseo has not been terminated for Cause prior to the Commitment Date. “Cause” for purposes of this Retention Letter means dismissal by Trinseo for failing or refusing to perform any stated duty or instruction; violating any Trinseo policy; gross negligence in the performance of any of your principal duties or assignments; repeated

		
			
		

		
			

		 

		

			Page 1 of 3

		

 

			

					

						 

					

					

						 

					

						 

					

						 

					

						 

					

					

						 

					

						 

					

						 

					

						 

					

						 

				
	

					

						

					

					

						 

					

						 

					

						 

					

						 

					

					

						 

					

						1000 Chesterbrook

					

						Blvd, Suite 300

					

						Berwyn, PA 19312

				

		

			 

		

		

		
			unsatisfactory work performance; insubordinate conduct; disloyalty or dishonesty; violation of any agreement involving the Company; engaging in any conduct constituting a crime in connection with or in the course of your employment; conviction for any crime constituting a felony; unauthorized use of funds; being off work or unable to work with reasonable accommodation for more than sixty (60) days due to illness or injury; or any other conduct constituting cause within the meaning of common law.
		

		
			3.     Confidentiality
		

		
			The terms and conditions of the Retention Bonus are Confidential and in no circumstances should you disclose the contents of this Retention Letter to anyone, except your spouse, attorney, or accountant, unless written permission has been granted by the Company or except as may be permitted or required by applicable laws. The Company shall have the right to withhold and cancel the Retention Bonus or request the full return of any payment already made if the information is disclosed without authorization.
		

		
			4.     Performance
		

		
			You will continue to be employed as Senior Vice President, Human Resources, but you may have a change of title that is reflective of a change in scope and responsibilities. During your employment you will, to the best of your abilities, contribute your professional efforts, time and skill to the performance of your assigned duties.
		

		
			5.     Compensation
		

		
			The terms and conditions of your compensation will remain at a rate that is not less than the rate currently in effect. You will be paid (together with the respective part of the Retention Bonus where applicable and due) in accordance with Trinseo’s normal payroll schedule.
		

		
			6.     Other Employment Terms
		

		
			It is understood and agreed that this Retention Bonus does not supersede, amend, alter or replace any written agreement you signed dealing with your employment with the Company generally, or any restrictions on competition, assignment of or rights to inventions or other intellectual property, restrictions on solicitation or recruitment or employees or customers, restrictions on the use or disclosure of trade secrets or confidential information, or similar agreements or guaranty you employment for a specific term. You reaffirm your obligations under and agree to comply with the terms of all such agreements. If Trinseo or you sues to collect any amounts due and owing under this agreement, then the prevailing party shall be entitled to recover its reasonable attorneys and costs incurred in that lawsuit in addition to any other remedies.
		

		
			This Retention Bonus does not in any way create a contract of employment or change your at-will employment relationship in any way, which means your employment relationship with Trinseo will continue to be terminable by you or the Company at any time, with or without cause or notice.
		

		
			
		

		
			

		 

		

			Page 2 of 3

		

 

			

					

						 

					

					

						 

					

						 

					

						 

					

						 

					

					

						 

					

						 

					

						 

					

						 

					

						 

				
	

					

						

					

					

						 

					

						 

					

						 

					

						 

					

					

						 

					

						1000 Chesterbrook

					

						Blvd, Suite 300

					

						Berwyn, PA 19312

				

		

			 

		

		

		
			7.     Governing Law
		

		
			 
		

		
			This Retention Bonus agreement is accepted and entered into in Pennsylvania and shall be interpreted according to the laws of that State without regard to choice of law principles without reference to the conflicts of laws provisions thereof.
		

		
			 
		

		
			8.     Sole Discretion
		

		
			 
		

		
			No waiver, change in, or failure to enforce, any other similar agreement between the Company and any other employee shall grant you rights under this Retention Letter, nor entitle you to the same or similar treatment. The Company shall have the right to determine eligibility for a Retention Bonus under this Retention Letter in its sole discretion,  and that decision shall be conclusive absent manifest error.
		

		
			 
		

		
			If you accept and agree to the terms and conditions of the Retention Letter, please sign below in the space provided and return a signed duplicate to Angelo Chaclas (SVP, CLO & Secretary) within seven (7) days of the date of this letter. If you have any further questions, please do not hesitate to contact me or Angelo.
		

		
			 
		

		
			I once again would like to thank you for your continued hard work and wish you every success for your future employment at Trinseo.
		

		
			 
		

		
			 
		

			
					
						 

					
					
						 

				
	
					
						Yours Sincerely,

					
					
						 

				
	
					
						 

					
					
						 

				
	
					
						/s/ Chris Pappas

					
					
						 

				
	
					
						Chris Pappas

					
					
						 

				
	
					
						President & CEO

					
					
						 

				

		
			 
		

		
			 
		

		
			ACCEPTANCE
		

		
			I confirm that I have read and that I understand the terms and conditions attached to the Retention Bonus (as defined above). I further confirm that I understand that acceptance of and agreement to said terms and conditions are part of being eligible for the Retention Bonus.
		

		
			 
		

			
					
						 

					
					
						 

					
					
						 

					
					
						 

				
	
					
						/s/ Marilyn Horner

					
					
						 

					
					
						 

				
	
					
						 

					
					
						 

					
					
						 

				
	
					
						Signature

					
					
						 

					
					
						 

				
	
					
						 

					
					
						 

					
					
						 

				
	
					
						Printed Name: Marilyn Horner

					
					
						 

					
					
						Date:  

					
					
						Dec. 21, 2017

				

		
			 
		

		 

		

			Page 3 of 3

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