Document:

Exhibit

Exhibit 10.5

NOBLE ENERGY, INC. 
2017 LONG-TERM INCENTIVE PLAN
RESTRICTED STOCK AWARD NOTICE
[3-YEAR TIME VESTED]

You, the Participant named below, have been awarded the following restricted stock award of shares (the “Restricted Shares”) of Common Stock on the terms and conditions set forth below and in accordance with the Restricted Stock Award Agreement to which this Restricted Stock Award Notice is attached (the “Agreement”) and the Noble Energy, Inc. 2017 Long-Term Incentive Plan (the “Plan”):
	
		
	
Participant Name:
	 

	
Number of Restricted
Shares Awarded:
	 

	
Award Date:
	 

		
	Vesting Schedule:
	The Restricted Shares will be subject to a restricted period (the “Restricted Period”) that will commence on the Award Date and end on the third anniversary of the Award Date.  During the Restricted Period, the Restricted Shares will be subject to the restrictions described in the Agreement, provided, however, that the restrictions will be removed as to: 

		
	(i)
	20% of the Restricted Shares (or if such percentage results in a number of shares that includes a fraction, then the next lower whole number of shares) on the first anniversary of the Award Date, provided Participant is in the continuous employ or service of Noble Energy, Inc. (“Noble”) or an Affiliate until such date; 

		
	(ii)
	30% of the Restricted Shares (or if such percentage results in a number of shares that includes a fraction, then the next lower whole number of shares) on the second anniversary of the Award Date, provided Participant is in the continuous employ or service of Noble or an Affiliate until such date; and 

		
	(iii)
	the remaining Restricted Shares on the third anniversary of the Award Date, provided Participant is in the continuous employ or service of Noble or an Affiliate until such date.  

Please note that this Restricted Stock Award Notice serves as your notice of the Award and is for your personal files.  You are not required to sign and return any documents.  You will be deemed to accept the Award unless you promptly notify the compensation department of Noble in writing that you reject the Award.  By accepting this Award, you are agreeing to be bound by the terms of this Restricted Stock Award Notice, the Agreement and the Plan.
    
	
	
	NOBLE ENERGY, INC.

	 

	
David L. Stover
Chairman and Chief Executive Office

NOBLE ENERGY, INC.
2017 LONG-TERM INCENTIVE PLAN

RESTRICTED STOCK AWARD AGREEMENT

This Restricted Stock Award Agreement (“Agreement”), made and entered into as of the Award Date (as set forth on the Restricted Stock Award Notice), is by and between Noble Energy, Inc., a Delaware corporation (“Noble”), and the Participant named in the Restricted Stock Award Notice, pursuant to the Noble Energy, Inc. 2017 Long-Term Incentive Plan (the “Plan”).

1.    Restricted Stock Award.  Effective as of the Award Date, Noble hereby awards to Participant, and Participant hereby accepts, a restricted stock award (“Award”) of Restricted Shares on the terms and conditions and subject to the restrictions, including forfeiture, set forth in this Agreement, the Restricted Stock Award Notice and the Plan (including but not limited to the terms relating to Participant’s right to vote the Restricted Shares and right to receive any dividends with respect to the Restricted Shares).  The Restricted Shares will be issued in book-entry or stock certificate form in the name of Participant as of the Award Date and will be held by Noble in escrow for Participant’s benefit as described in the Plan.

2.    Vesting and Forfeiture.

(a)    The Restricted Shares will be subject to restrictions during the Restricted Period in accordance with the Vesting Schedule set forth in the Restricted Stock Award Notice.  During the Restricted Period, but subject to the provisions set forth in (i) the Plan, including those providing for earlier vesting and removal of restrictions in certain circumstances, or (ii), if applicable, the Noble Energy, Inc. 2016 Severance Benefit Plan or any other severance benefits or early retirement plan or program maintained at any time by Noble (each referred to herein as a “Severance Plan”), which Severance Plan specifically provides for earlier vesting of the Restricted Shares upon a qualifying termination from employment, the Restricted Shares will be subject to being forfeited by Participant to Noble as provided in this Agreement.  In addition, Participant may not sell, assign, transfer, discount, exchange, pledge or otherwise encumber or dispose of any of the Restricted Shares, other than by will or pursuant to the applicable laws of descent and distribution.  

(b)    As soon as practicable (but in no event later than 60 days) after the termination of the restrictions applicable hereunder to a portion of the Restricted Shares, that portion of the Restricted Shares, together with any dividends or other distributions with respect to those shares then being held by Noble, will be delivered to Participant free of such restrictions.

(c)    Immediately after termination of Participant’s employment or service with Noble and its Affiliates, all Restricted Shares as to which the restrictions applicable hereunder that have not by that time been removed or are not, as of such date, being removed pursuant to (i) the Restricted Stock Award Notice and this Agreement or (ii) the applicable provisions of the Plan or a Severance Plan, will be forfeited (the “Forfeited Shares”), which forfeiture will also include any accumulated dividends or distributions with respect to such Forfeited Shares.  Neither Participant nor any of his or her heirs, beneficiaries, executors, administrators or other personal representatives will have any rights whatsoever in and to any of the Forfeited Shares or related dividends or 

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distributions, and all of the Forfeited Shares and related dividends or distributions will automatically revert to Noble at no cost.

3.    Withholding Taxes.

(a)    Participant may elect within 30 days of the Award Date and on notice to Noble to realize income for federal income tax purposes equal to the fair market value of the Restricted Shares on the Award Date.  In such event, Participant will make arrangements satisfactory to Noble or the appropriate Affiliate to pay at such time any federal, state or local taxes required to be withheld with respect to such shares.

(b)    If no election is made by Participant pursuant to Section 3(a) hereof, then upon the termination of the restrictions applicable hereunder to all or any portion of the Restricted Shares, Participant (or in the event of Participant’s death, the administrator or executor of Participant’s estate) will pay to Noble or the appropriate Affiliate, or make arrangements satisfactory to Noble or such Affiliate regarding payment of, any federal, state or local taxes of any kind required by law to be withheld with respect to the Restricted Shares.

(c)    Any provision of this Agreement to the contrary notwithstanding, if Participant does not satisfy his or her obligations under paragraphs (a) or (b) of this Section, Noble and its Affiliates will, to the extent permitted by law, have the right to deduct from any payments of any kind otherwise due from the Noble or an Affiliate to or with respect to Participant, whether or not pursuant to this Agreement, or the Plan and regardless of the form of payment, any federal, state or local taxes of any kind required by law to be withheld with respect to the Restricted Shares.

4.    Effect on Employment or Services.  Nothing contained in the Plan or in this Agreement will confer upon Participant any right with respect to the continuation of his or her employment by or service with Noble or an Affiliate, or interfere in any way with the right of Noble or an Affiliate, (subject to the terms of any separate agreement to the contrary) at any time to terminate such employment or service or to increase or decrease the compensation of Participant from the rate in existence at the date of this Agreement.

5.    The Plan and Restricted Stock Award Notice.  The terms and provisions of the Plan and the attached Restricted Stock Award Notice are hereby incorporated into this Agreement as if set forth herein in their entirety.  In the event of a conflict between any provision of this Agreement and the Plan, the provisions of the Plan will control.  Capitalized terms used in this Agreement and not otherwise defined in this Agreement will have the respective meanings assigned to such terms in the Plan.

6.    Assignment/Transferability.  Noble may assign all or any portion of its rights and obligations under this Agreement.  The Award, the Restricted Shares and the rights and obligations of Participant under this Agreement may not be sold, transferred, pledged, exchanged, hypothecated or otherwise disposed of by Participant other than by will or the laws of descent and distribution.  The Committee may issue such instructions to Noble’s transfer agent in connection with the restrictions on transfer of the Restricted Shares as it deems appropriate.  Any certificate for shares of Common Stock issued to Participant pursuant to the Award may include any legend 

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that the Committee deems appropriate to reflect the restrictions on transfer of the Restricted Shares and other restrictions as the Committee may deem advisable as described in the Plan.  Should such shares of Common Stock be represented by book or electronic entry rather than a certificate, the Company may take such steps to restrict transfer of the shares of Common Stock as the Committee considers necessary or advisable to comply with applicable law.

7.    Binding Effect/Governing Law.  This Agreement will be binding upon and inure to the benefit of (i) Noble and its successors and assigns, and (ii) Participant and his or her heirs, devisees, executors, administrators and personal representatives.  This Agreement will be governed by and construed in accordance with the internal laws (and not the principles relating to conflicts of laws) of the State of Texas, except as superseded by federal law.

8.    Compensation Recoupment Policy.  By accepting the Award, Participant hereby acknowledges and agrees that Participant and the Award are subject to Noble’s compensation recoupment policy as contained in Noble’s Code of Conduct (the “Policy”), as amended from time to time, and the terms and conditions of the Policy are hereby incorporated by reference into this Agreement.

3Exhibit
10.1

 

  

Employment
Agreement

 

This
updated agreement made and entered into this March 18, 2019, by and between OptimizeRx Corporation, a Nevada Company, hereinafter
referred to as “Employer” and Stephen Silvestro, hereinafter referred to as the “Employee”.

 

The
Employer is a preferred digital communication channel for life sciences to the point-of-care and desires Stephen Silvestro to
serve as the Chief Commercial Officer for the company.

 

Base
Compensation.Your annual base salary is $280,000, effective April 29, 2019, payable at a rate of 11,666.67 per semi-monthly
pay period, representing payment for all hours worked (“Base Compensation”). Your Base Compensation is payable in
accordance with the Company’s regular practices.

 

Sign-on
Bonus. You will be granted a onetime sign-on bonus of $30,000, $15,000 paid with first paycheck and another $15,000 paid at
your 90-day anniversary.

 

Bonus.
In addition to your Base Compensation, you will be eligible to participate in the Company’s executive bonus plan,
subject to its terms and conditions, with an annual target bonus of 40 % of your Base Compensation. Subject to board approval
and registration of the plans and related legal compliance, you will also have the option to take the bonus in equity or in a
split 50/50 arrangement with 50% in cash and 50 % in equity. The option to take all, or a portion, of your bonus in equity is
at your discretion.

 

Equity

 

As
Chief Commercial Officer, you will be granted 90,000 shares of restricted stock that will vest all at one time upon completion
of 5 years of service. The grant is subject to approval by the Board of Directors and the grant date is anticipated to be your
start date of April 29, 2019.

 

Employee
Benefits. In addition to your compensation, you will have the opportunity to participate in various Company benefit
programs generally offered to employees, pursuant to the terms and conditions of such programs, including applicable waiting
periods prior to eligibility. Currently, we offer employees a 401(k) plan, group medical and dental insurance and short and
long-term disability benefits. Please note that the Company reserves the right to change or discontinue any of our benefits,
plans, providers, and policies, at any time. Benefits would commence on the 1st following your starting
month.

 

     

     

    

 

Job
Responsibilities. As Chief Commerical Officer reporting to the CEO, you are an essential member and part of our
corporate management and an officer in the company that is responsible for directing our sales force, expanding our customer
base, integrating and training all acquisitions and or new solutions, and achieving overall sales goals. In addition, you
will direct the launch of new customer sets with data and larger enterprise deals with pharma. 

 

You
shall use your best efforts and devote your full time and attention to the business of the Company on a full-time basis and shall
at all times faithfully and industriously and to the best of your ability, experience and talent, perform all of the duties that
may be required of you pursuant to the terms hereof. During the term hereof you shall not engage in any other new employment or
consulting activities without the express written consent of the Company other than civic, charitable and/or religious activities,
directing your own passive investments and/or serving on boards of directors of other entities so long as such activities do not
interfere or conflict with your duties hereunder as reasonably determined by the Company.

 

Expense
Reimbursement. The Company will reimburse you for all approved business travel costs incurred by you pursuant to the terms
of the Company travel policy.

 

At-Will
Employment.Please note that you are not being offered employment for a definite period of time, and that the Company may
terminate your employment at any time for any reason, with or without cause or notice, except as prohibited by law. Nothing in
this offer to you should be interpreted as creating anything other than an at-will employment relationship. You also have the
right to terminate your employment with the company at any time for any reason on thirty days’ prior written notice.

 

Business
Protection Agreement. The Company considers the protection of its confidential information, proprietary materials and goodwill
to be extremely important. Accordingly, as a condition of your continued employment with the Company and the increase in bonus
potential reflected herein, you will be required to execute and return to the Company the enclosed Business Protection Agreement.

 

Conflicts
of Interest and Gifts. You will promptly disclose all current and potential interests, direct or indirect, in any entity dealing
with the Company which may affect actions and decisions made by you as a representative of the Company, and fully disclose any
gift which raises any reasonable possibility of conflict of interest.

 

Compliance.
You will comply with all applicable laws and Company policies in performing your duties hereunder including federal and state
securities laws.

 

Severance
Pay. If your employment agreement is terminated at any time by the Company without cause, which termination shall be effective
immediately upon the date of delivery of written notice to you (or at such later date as otherwise specified in such notice),
the Company shall continue to pay you, as severance pay, the monthly portion of your Base Compensation for a period of twelve
(12) months following such termination, subject to your continued compliance with the terms and conditions of this Agreement
and the Business Protection Agreement.

 

Except
as set forth herein, or as set forth in your stock agreements, or as may be required by applicable law, you have no right to any
specific compensation or benefits, and the Company shall have no obligations to pay any salary, bonus, severance payment, accrued
vacation or other amounts in connection with any termination of your employment or attributable to the period after termination.

 

    2

     

    

 

409A.
To the extent that any provision of this letter agreement is ambiguous as to its exemption or compliance with Code Section 409A,
the provision will be read in such a manner so that all payments hereunder are exempt from Code Section 409A to the maximum permissible
extent, and for any payments where such construction is not tenable, that those payments comply with Code Section 409A to the
maximum permissible extent. To the extent any payment under this letter agreement may be classified as a “short-term deferral”
within the meaning of Code Section 409A, such payment shall be deemed a short-term deferral, even if it may also qualify for an
exemption from Code Section 409A under another provision of Code Section 409A. Payments pursuant to this agreement (or referenced
in this agreement) are intended to constitute separate payments for purposes of Section 1.409A-2(b)(2) of the regulations under
Code Section 409A.

 

Section
280G

 

If
any of the payments or benefits received or to be received by you from the Company (including, without limitation, any payment
or benefits received in connection with a Change in Control or the termination of your employment, whether pursuant to the terms
of this letter agreement or any other plan, arrangement, or agreement, or otherwise) (all such payments collectively referred
to herein as the “280G Payments”) constitute “parachute payments” within the meaning of
Section 280G of the Code and will be subject to the excise tax imposed under Section 4999 of the Code (the “Excise
Tax”), the Company shall pay to you, no later than the time such Excise Tax is required to be paid by you or withheld
by the Company, an additional amount equal to the sum of the Excise Tax payable by you, plus the amount necessary to put you in
the same after-tax position (taking into account any and all applicable federal, state, and local excise, income, or other taxes
at the highest applicable rates on such 280G Payments and on any payments under this Section 5.9 or otherwise) as if no Excise
Tax had been imposed.

 

Required
I-9 Documentation. Your employment with the Company is also subject to you providing, if you have not already done so, the
Company with proof of your legal right to work in the United States by completing the Form I-9 and providing Company with the
accepted documents specified on the Form I-9.

 

Certifications.By
signing this letter, you certify to the Company that you are free to enter into and fully perform the duties of your position,
and that you are not subject to any employment, confidentiality, non-competition or other agreement that would restrict your performance
for the Company.

 

Additionally,
by signing this letter, you certify that you will not disclose to or use for the benefit of the Company any trade secret or confidential
or proprietary information of any previous employer. You further affirm that you have not divulged or used any such information
for the benefit of the Company, and that you have not and will not misappropriate any such information from any former employer.

 

Entire
Agreement. This offer letter and your signed Business Protection Agreement, state the terms of your employment and supersede
and cancel any prior oral or written representations, offers or promises made by the Company and any understandings or agreements,
whether written or oral, between the Company and you.

 

	Accepted by Employer:	 	Accepted
    by Employee:	 
	 	 	 	 	 
	/s/ William
    J. Febbo	April 29, 2019	 	/s/ Stephen
    Silvestro	April 29, 2019
	William
    J. Febbo	(Date)	 	Stephen
    Silvestro	(Date)

 

 

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