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SUMMARY OF 2006 EXECUTIVE COMPENSATION PLAN

 EXHIBIT 10.30 
  
 SUMMARY OF 2006 EXECUTIVE COMPENSATION PLAN 
  
 The Company’s 2006 Executive Compensation Plan, as approved by the Compensation Committee of the Board of Directors is
substantially consistent with the 2005 Plan and consists of cash bonuses and equity incentives. With the guidance of a compensation consultant, the Plan was derived from third-party compensation survey data for comparable companies and executive
positions and is based upon performance targets and payments tied to a percentage of base pay. The key elements of the Plan include: 
  
 Bonus Incentive Compensation: 
  

	 	•	 	The Plan provides for target bonus amounts for each executive officer, using a percentage of his or her base pay derived from third-party compensation survey data for comparable
companies and executive positions. 

  

	 	•	 	The total bonus is comprised of three major components: 

  

			
		
	 - Executive’s personal qualitative performance appraisal
	 	 20% of target

		
	 - Company’s quantitative financial performance
	 	 40% of target

		
	 - Executive’s achievement of strategic goals
	 	 40% of target

  

	 	•	 	The qualitative personal performance appraisal is paid annually based upon the executive officer’s accomplishment of qualitative goals that are established by the executive
officer’s manager or by the Compensation Committee in the case of the Chairman and CEO. 

  

	 	•	 	The plan provides for a graduated scale of payment for the portion of the bonus that is based on the Company’s quantitative financial performance, so that an executive officer
may earn no quantitative bonus, a fraction of his or her target, or up to 200% of the quantitative part of the target, depending upon the financial performance of the Company and, for those in a position with responsibility for certain parts of the
Company’s financial operating results, performance for those results. 

  

	 	•	 	For the achievement of strategic goals component of the bonus, the potential amount to be earned is entirely funded by the financial performance of the Company, as described in the
preceding paragraph. The amount earned by the executive officer is based upon the executive officer’s performance against strategic goals that are approved by the Compensation Committee. 

  

	 	•	 	Quantitative financial performance bonuses are based upon a combination of earnings and revenue achievement against targets, for the Company as a whole for all executives, except
the general managers. The general manager’s quantitative financial performance bonuses are based solely on a combination of certain earnings and revenue achievements against targets for each general manager’s financial operating results
for which they are responsible. Results are generally weighted more heavily on earnings than revenue. Non-cash adjustments and certain extraordinary items, as approved by the Compensation Committee, are excluded from earnings for purposes of
making these bonus determinations. 

  
 For the first
three fiscal quarters of 2006, the applicable bonus payable for the quantitative financial performance with respect to each of these quarter’s results will be paid following the completion of the quarter. The applicable bonus payable with
respect to the fourth quarter and year-end quantitative financial performance, as well as the executive’s qualitative personal performance appraisal and achievement of strategic goals, will be approved by the Compensation Committee and paid
following the end of the Company’s fiscal year. 

 The following table sets forth the 2006 salary and bonus, assuming achievement of 100% of the target
based on the foregoing criteria, for each of the Company’s named executive officers (as defined in Item 402(a)(3) of Regulation S-K): 
  

							
	 Name of Executive Officer

	  	2006 Base
Salary

	  	Cash Bonus
(Assuming Achievement
of 100% of Target)

	 Paul J. Tobin
	  	$	226,800	  	$	113,400
	 E. Y. Snowden
	  	$	384,300	  	$	269,010
	 Karen A. Walker
	  	$	244,524	  	$	110,036
	 William Wessman
	  	$	242,740	  	$	109,233
	 Fritz von Mering
	  	$	243,885	  	$	109,748
	 Thomas Erskine
	  	$	203,775	  	$	 71,321
	 Ersin Galioglu
	  	$	175,725	  	$	 61,504
	 James J. Anderson
	  	$	183,750	  	$	 64,313

  
 Equity Incentive Compensation:

  
 In determining the equity incentives for the named
executive officers, the Compensation Committee considers numerous factors such as (i) the individual’s job responsibilities, (ii) the individual’s performance, including the expected contribution of the executive officer to the
Company’s goals, (iii) the Company’s long-term needs and goals, including attracting and retaining key management personnel, (iv) the Company’s competitive position, which includes using third-party compensation survey data
for executive positions at comparable companies, and (v) consultation from an independent outside consultant. To the extent determined to be appropriate, the Compensation Committee also considers general economic conditions and the historic
compensation levels of the individual. 
  
 The stock option grants
to each executive officer vest in three equal installments over a three-year period commencing on the first anniversary of the date of grant. 
  
 The following option grants to executives will be made at the closing price on January 12, 2006: 
  

			
	 Name

	  	2006 Plan Stock
Option Grants

	 Paul Tobin
	  	36,000
	 E. Y. Snowden
	  	72,000
	 Frederick von Mering
	  	33,000
	 William Wessman
	  	30,000
	 Karen A. Walker
	  	33,000
	 James Anderson
	  	17,100
	 Ersin Galioglu
	  	20,900
	 Thomas Erskine
	  	15,200Addendum to Cheniere Energy, Inc. Amended and Restated 2003 Stock Incentive Plan

 Exhibit 10.3 
 CHENIERE ENERGY, INC. 
 2003 STOCK INCENTIVE PLAN

 ADDENDUM - FRANCE 

 The provisions of this Addendum apply to French Options and French Restricted Stock (as defined below) granted under
the 2003 CHENIERE ENERGY, INC. Stock Incentive Plan (the “Plan”) to French Eligible Employees of the Company (as defined below). 
 These
provisions supplement and supersede (where applicable) the provisions of the Plan with respect to French Options and French Restricted Stock. In the event of a conflict or inconsistency between the terms and provisions of the Plan and the express
provisions of this Addendum, the provisions of this Addendum shall govern and control the grant of French Options and French Restricted Stock under the Plan. 
 This Addendum shall be administered by the Committee in accordance with Section 1.3 of the Plan. 
 Capitalised terms not defined
herein shall have the meaning attributed to them in the Plan. 
 French Option means an Option granted to a French Eligible Employee under this Addendum.

 French Restricted Stock means a Restricted Stock granted to a French Eligible Employee under this Addendum. 
 The Company may grant a French Option over shares of Common Stock (the “Shares”) or a French Restricted Stock to any person who is eligible to be granted an
Option or a Restricted Stock under the Plan and subject to the additional terms and conditions in this Addendum. 
 Notwithstanding the definition of
Employee, Director and Consultant in the Plan, French Options and Restricted Stock may only be granted to individuals, resident in France for the purposes of taxation at the date of grant, who are employees, Chairman of the Board
(Président du conseil d’administration), Managing Directors (Directeurs généraux), members of the Executive Board (membres du Directoire) and Managers (gérants) of the Company or a company
of which at least 10% of the capital is controlled directly or indirectly by the Company (the “French Eligible Employee(s)”). 
 Notwithstanding
any other provision of the Plan, French Options and French Restricted Stock granted to any French Eligible Employees already owning, or owning as a result of such grant, Shares representing 10% or more of the Company’s capital shall be deemed
not to have been granted pursuant to this Addendum. 
 Notwithstanding any other provision of the Plan, no French Options or French Restricted Stock may be
granted later than 38 months from the date on which this Addendum is adopted. 
 The French Eligible Employee and its employer shall comply with the filing
requirements provided for by French tax law. 

	1.	French Options 

  

	1.1	The aggregate number of French Options granted and not yet exercised shall not, at any point in time, give right to subscribe for a number of Shares exceeding one third of the share
capital of the Company. For the avoidance of doubt, Shares allocated under this Addendum shall be taken into account for the purposes of determining the maximum number of Shares subject to the Plan. 

  

	1.2	Notwithstanding any other provision of the Plan, if and so long as the Shares are admitted to trading on a regulated market, any Option providing for an Exercise Price per Share at
the date of the grant of the Option which is less than 95% of the arithmetical average of the market value of the Share over the 20 daily sessions preceding the date of grant shall be deemed not to have been granted under this Addendum. For the
purposes of this Rule, ‘market value’ shall be the middle market quotation of the Share. 

  

	1.3	Notwithstanding any other provision of the Plan, if and so long as the Shares are admitted to trading on a regulated market, and the Shares are to be transferred rather than issued
to the French Eligible Employees: 

  

	(i)	such Shares shall not have been held by the Company for a period exceeding one year prior to the grant of the French Option; and 

  

	(ii)	the Exercise Price per Share shall not be less than 95% of the average purchase price of the Share held by the Company for the purposes of granting French Options under this
Addendum. 

  

	1.4	Notwithstanding any other provision of the Plan, no Option can be granted to a French Eligible Employee before: 

  

	(A)	twenty daily sessions have elapsed after the date of issue of any dividend warrants or of the allotment of any further shares or debentures by way of dividends;

  

	(B)	within the 10 trading days preceding and following the date on which the consolidated or annual accounts of the Company are made public; 

  

	(C)	during the period of time between the date the Company becomes aware of information which would have a significant impact on the price of the Shares and the 10 trading days
following the date upon which such information is made public. 

  

	1.5	Notwithstanding any other provision of the Plan, the Exercise Price for French Eligible Employees and/or the number of French Options referred to above shall be adjusted upon the
occurrence of the events specified in Article L. 225-181 of the French Commercial Code (Code de commerce) – hereafter the “FCC”- and in accordance therewith. 

  

	1.6	The Shares resulting, transferred or allotted on the exercise of a French Option shall be registered in the name of the French Eligible Employee or registered in a securities
account opened in the name of the Eligible Employee. 

	1.7	A French Option shall be exercisable at such time or times as the Committee in its discretion may determine at the time such French Option is granted, provided however that if a
French Option becomes exercisable before the expiry of the fourth year from the date of grant, the French Eligible Employee shall not be entitled to dispose of the Shares resulting, transferred or allotted on the exercise of a French Option before
the expiry of the fourth year from the date of grant. In the event of a modification to Article 163 bis C of the French Tax Code (Code général des impôts) which has the effect of reducing or extending the said period of
four year provided therein, the period of four year mentioned above shall be replaced by a period equal to the new period which will be set out in Article 163 bis C of the French Tax Code thus modified as from the effective date of such legislative
change. 

  

	1.8	However, the Shares resulting, transferred or allotted on the exercise of a French Option may be disposed of before the expiry of the fourth anniversary of the date of grant for one
of the following reasons: 

  

	(A)	disability (as defined by Article L. 341-1 of the French Social Security Code (Code de sécurité sociale); 

  

	(B)	involuntary retirement, provided that the exercise takes place at least three months prior to the date of the retirement; 

  

	(C)	death of the French Eligible Employee; 

  

	(D)	dismissal or redundancy at the request of the Company, provided that exercise has taken place at least three months prior to the notification of termination.

  

	1.9	Unless otherwise determined by the Committee, the maximum number of French Options exercisable by the French Eligible Employee as a result of the occurrence of one of the events
mentioned in (A) to (D) of Section 1.8 of this Addendum shall be limited to the aggregate amount of the options vested in accordance with the terms determined by the Committee at the time the French Option is granted.

  

	1.10	Any French Option which was not vested at the date of occurrence of one of the events mentioned in (A) to (D) of Section 1.8 of this Addendum shall be forfeited back
to the Company. 

  

	1.11	On the death of a French Eligible Employee, at a time when the French Option has not lapsed, the French Option may not be exercised by the heirs of the French Eligible Employee
later than 6 months following the date of the death. 

  

	1.12	Notwithstanding any other provision of the Plan, the French Options may not be disposed of by any French Eligible Employee before the French Option has been exercised.

	2.	French Restricted Stock 

  

	2.1	Notwithstanding any other provision of the Plan, the aggregate number of French Restricted Stock granted shall not, at any point in time, give right to subscribe for a number of
Shares exceeding 10% of the share capital of the Company. For the avoidance of doubt, Shares allocated under this Addendum shall be taken into account for the purposes of determining the maximum number of Shares subject to the Plan.

  

	2.2	Notwithstanding any other provision of the Plan, French Restricted Stock shall vest upon expiry of a period of two years from the date of grant (or such longer period as the
Committee may determine), being currently the minimum vesting period provided by Article L. 225-197-1 of the FCC. In the event of a modification to Article L 225-197-1 of the FCC which has the effect of reducing or extending the said minimum period
provided therein, the two-year period shall be replaced by a period equal to the new period which will be set out in the L 225-197-1 of the FCC thus modified as from the effective date of such legislative change. 

  

	2.3	Notwithstanding any other provision of the Plan, an Award of French Restricted Stock shall be personal to the French eligible employee to whom it is made and shall not be
transferable. 

  

	2.4	Notwithstanding any other provision of the Plan, all French Restricted Stock delivered upon vesting into the name of the French Eligible Employee shall not be disposed of by him for
a period of at least two years as from the vesting date (or any such longer period as the Committee may require), being currently the minimum holding period provided by Article L. 225-197-1 of the FCC. In the event of a modification to Article L
225-197-1 of the FCC which has the effect of reducing or extending the said minimum period provided therein, the two-year period shall be replaced by a period equal to the new period which will be set out in the L 225-197-1 of the FCC thus modified
as from the effective date of such legislative change. 

  

	2.5	Notwithstanding any other provision of the Plan, as from the date of expiry of the holding period, as defined under Section 2.4 of this Addendum, the French Eligible Employee
will be entitled to dispose of the Shares at any time, provided however that the Shares may not be disposed of: 

  

	(A)	within 10 trading days preceding AND following the date of publication of the consolidated accounts of the Company or in the absence of such consolidated accounts, the annual
accounts; and 

  

	(B)	during the period of time comprised BETWEEN the date on which the management of the Company becomes aware of any information which would have a significant impact on the price of
the Shares if it were made public and the 10 trading days following the date on which such information is made public. 

  

	2.6	On the death of a French Eligible Employee, at a time when the French Restricted Stock has not vested, the French Restricted Stock may not be allocated to the heirs of the French
Eligible Employee later than 6 months following the date of the death.

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