Document:

EX-10.4

 Exhibit 10.4 
 FIRST AMENDMENT TO THE COMSTOCK RESOURCES, INC. 
 2009 LONG-TERM
INCENTIVE PLAN 
 WHEREAS, Comstock Resources, Inc. (the “Company”) has previously adopted the 2009
Long-term Incentive Plan (the “Plan”), effective May 19, 2009; and 
 WHEREAS, the Board of Directors (the
“Board”), at its meeting on December 12, 2013, approved an amendment to the Plan to prohibit the cash buy-out of “underwater” stock options; and 
 WHEREAS, Part V of the Plan authorizes the Compensation Committee (the “Committee”) to determine the performance measures for Performance Units awarded under the Plan; and 

WHEREAS, as authorized in Part V of the Plan, the Committee approved the form of an amendment to the Plan at its meeting on
December 13, 2012, establishing performance goals so that Performance Unit awards under the Plan will be deductible as “performance-based compensation” under Section 162(m) of the Internal Revenue Code of 1986, as amended;

 NOW, THEREFORE, this First Amendment to the 2009 Long-term Incentive Plan is adopted, effective January 1, 2013:

 I. Paragraph I.14(c) of the Plan is amended to provide as follows (added provisions are underlined): 

(c) Neither the Board nor the Committee may, without further approval of the stockholders of the Company, reduce the exercise price of a
Stock Option or the grant value of a Stock Appreciation Right, except in accordance with the adjustments pursuant to paragraph I.11. Neither the Board nor the Committee may accelerate the vesting of an Award of Restricted Stock, Restricted Stock
Units or Performance Units, except in the event of a Participant’s death, Disability or Retirement. Neither the Board nor the Committee shall offer a cash buy-out of “underwater” Stock Options, and such buyouts of
“underwater” Stock Options shall be prohibited. 
 II. The Plan is amended by adding Part VII to provide as
follows: 
 VII. SECTION 162(m) PERFORMANCE AWARDS 

The maximum aggregate Award of Performance Units that a Participant may receive in any one Fiscal Year shall be 750,000 Shares, if
stated in shares of stock, or $10,000,000, if stated in cash, determined as of the date of the award. 
 Notwithstanding
any other terms of this Plan, the vesting, payout or value (as determined by the Committee) of each Award other than a Stock Option or Stock Appreciation Right that, at the time of grant, the Committee intends to be performance-based compensation to
a “covered employee,” as such terms are defined in Section 162(m) of the Code, shall be determined by the attainment of one or more performance goals as determined by the Committee in conformity with Section 162(m) of the Code.
The Committee shall specify in writing, by resolution or otherwise, the Participants eligible to receive such an Award (which may be expressed in terms of a class of individuals) and the performance goal(s) applicable to such Awards within 90 days
after the commencement of the period to which the performance goal(s) relate(s), or such earlier time as required to comply with Section 162(m) of the Code. No such Award shall be payable unless the Committee certifies in writing, by resolution
or otherwise, that the performance goal(s) applicable to the Award were satisfied. In no case may the Committee increase the value of an Award of performance-based compensation above the maximum value determined under the performance formula by the
attainment of the applicable performance goal(s), but the Committee retains the discretion to reduce the value below such maximum. 
 The performance goals, upon which the payment or vesting of an Award occurs that is intended to qualify as performance-based compensation, shall be limited to the following performance measures:

 (a) Increases in, or levels of, net asset value; net asset value per share; pretax earnings; earnings before interest, taxes,
depreciation, amortization, exploration and other non-cash expenses (“EBITDAX”); net income and/or earnings per share; 
 (b) Return on equity, return on assets or net assets, return on capital (including return on total capital or return on invested capital); 

 (c) Share price or stockholder return performance (including, but not limited to, growth
measures and total stockholder return, which may be measured in absolute terms and/or in comparison to a group of peer companies or an index); 
 (d) Oil and gas reserve replacement, reserve growth and finding and development costs; 
 (e) Increases in, or levels of, oil and/or gas production; 
 (f) Performance of
investments in oil and gas properties; 
 (g) Cash flow measures (including, but not limited to, cash flows from operating
activities, discretionary cash flows, and cash flow return on investment, assets, equity or capital); and 
 (h) Decreases in
the leverage ratio (defined as total debt over EBITDAX). 
 Any performance measure(s) may be used in comparison to the
performance of a group of peer companies, or a published or special index that the Committee, in its sole discretion, deems appropriate. The Committee shall also have the authority to provide in Award Agreements for accelerated vesting of an Award
based on the achievement of performance goal(s), a Participant’s Retirement, or a Change in Control. 
 The Committee may
provide in any Award Agreement that any evaluation of attainment of a performance goal may include or exclude any of the following events that occurs during the relevant period: (a) asset write downs; (b) litigation judgments or
settlements; (c) the effect of changes in tax laws, accounting principles, or other laws or regulations affecting reported results; (d) any reorganization or restructuring transactions; (e) extraordinary nonrecurring items as
described in Accounting Principles Board Opinion No. 30 and/or in management’s discussion and analysis of financial condition and results of operations appearing in the Company’s Annual Report on Form 10-K for the applicable year; and
(f) significant acquisitions or divestitures. To the extent such inclusions or exclusions affect Awards to covered employees, they shall be prescribed in a form that meets the requirements of Section 162(m) of the Code for deductibility.

 In the event that applicable tax and/or securities laws change to permit discretion by the Committee to alter the governing
performance measures without obtaining stockholder approval of such changes, the Committee shall have sole discretion to make such changes without obtaining stockholder approval. In addition, in the event that the Committee determines that it is
advisable to grant Awards to covered employees that shall not qualify as performance-based compensation, the Committee may make such grants without satisfying the requirements of Section 162(m) of the Code.EX-10.6

 Exhibit 10.6 
 FORM OF PERFORMANCE-VESTED RESTRICTED STOCK UNIT AWARD 
 UNDER THE
COMSTOCK RESOURCES, INC. 
 2009 LONG-TERM INCENTIVE PLAN 

AGREEMENT made as of
                    , by and between Comstock Resources, Inc., a Nevada corporation (“Company”) and
                 (“Award Recipient”): 
 WHEREAS, the Company maintains the Comstock Resources, Inc. 2009 Long-term Incentive Plan (the “Plan”) under which the Company’s Board of Directors (“Board”) and the Compensation
Committee of the Board may, among other things, award performance units to employees of the Company; 
 WHEREAS, pursuant to the
Plan, the Board has awarded to the Award Recipient performance-vesting restricted stock units of common stock of the Company, conditioned upon the execution by the Company and the Award Recipient of an Agreement setting forth all the terms and
conditions applicable to such award in accordance with the Plan; 
 THEREFORE, in consideration of the mutual promise(s) and
covenant(s) contained herein, it is hereby agreed as follows: 
 1. AWARD OF PERFORMANCE UNITS. Under the terms of the Plan, the
Compensation Committee has awarded to the Award Recipient a performance-vested restricted stock unit award (the “Units”) on
                     (“Award Date”), covering a target of
                 shares of Stock, $.50 par value (the “Target Award”), with a maximum payout of
                 shares of Stock, $.50 par value (the “Maximum Award”), subject to the terms, conditions, and restrictions set forth in this Agreement.
The shares subject to this restricted stock unit are not actual shares of Stock, but a promise to deliver actual shares upon the Vesting Dates set forth below, upon satisfaction of performance requirements and vesting conditions, and are credited to
an unfunded bookkeeping account maintained by the Company. The Award Recipient shall have no rights as a stockholder, such as voting or dividend rights, except as set forth in Section 2. 

The Award Recipient must remain employed on each Vesting Date, except as provided in Sections 4 and 5, in order to receive delivery of
the number of shares of Stock that become vested through satisfaction of the performance vesting conditions. The Units may vest in three tranches, and are forfeited to the extent not earned as of the Certification Date for each tranche. 

2. DIVIDEND EQUIVALENTS. As long as Units are outstanding, on each date that the Company pays a cash dividend to holders of common stock
generally, the Company shall credit to Award Recipient a additional number of whole Units (the “Additional Units”) equal to the total number of Units and Additional Units previously credited to Award Recipient multiplied by the dollar
amount of the cash dividend paid per share of Stock on such date, divided by the Fair Market Value of a share of Stock on such date. Any fractional Unit resulting from such calculation shall be included in the Additional Units. A report showing the
number of Additional Units credited shall be sent to Award Recipient periodically. The Additional Units so credited shall be subject to the same terms and conditions as the Units to which the Additional Units relate, and the Additional Units shall
be forfeited if the Units with respect to which the Additional Units were credited are forfeited. 
 3. PERFORMANCE-BASED
VESTING. The number of Units that vest on each Vesting Date based on Company performance and are issuable as shares of Stock shall be determined using the table found in Appendix A and subject to the following provisions: 

(i) Performance Periods. There are three (3) performance periods: the period commencing
                     and ending on                 ;
the period commencing                      and ending on
                    ; and the period commencing
                     and ending on
                    . 

(ii) Performance Measures. Performance vesting shall be based on the Company’s relative ranking of total shareholder return
(“TSR”) among a group of peer group companies (the “Peer Group”), as set forth on Appendix B. The relative ranking is measured over each performance period and must be certified by the Compensation Committee (the
“Certification Date”) prior to payment in order for any portion of the Award to vest. The Certification Date shall occur as soon as reasonably possible after each performance period but no later than the applicable Vesting Date.

 (iii) Vesting Date. The Vesting Date for each tranche of Units shall be January 15 of the year following the end
of the applicable performance period (the “Vesting Date”) so long as the New York Stock Exchange shall be open for trading on such date (or on the preceding business day if there shall have been no trading on the Vesting Date), or such
earlier date during the year determined by the Compensation Committee on the Certification Date. The distribution to the Award Recipient, or in the case of his death, to the Award Recipient’s legal representative, of Stock in respect of vested
Units shall be evidenced by a stock certificate, appropriate entry on the books of the Company or of a duly authorized transfer agent of 

 
the Company, or other appropriate means as determined by the Company. Distribution of Stock to the Award Recipient shall occur within five (5) business days after the Vesting Date. Any
portion of this tranche that is not vested based on the Compensation Committee’s certification will be forfeited. Notwithstanding the foregoing, Sections 4 and 5 provide certain circumstances in which the Units may vest before the Vesting Date
with or without certification of performance by the Compensation Committee. 
 (iv) Peer Group. The Peer Group companies
are shown on Appendix B. A company will be removed from the Peer Group if, during a performance period, it ceases to have a class of equity securities that is both registered under the Securities Exchange Act of 1934 and actively traded on a U.S.
public securities market. If a company is removed from the Peer Group, its TSR shall be calculated by averaging its TSR over any completed years in the performance period and excluding it from calculation for any incomplete years. 

(v) Definition of TSR. “TSR” as applied to a Peer Group company means stock price appreciation from the beginning to the
end of the performance period, plus dividends and distributions made or declared (assuming such dividends or distributions are reinvested in the common stock of the Peer Group company) during the performance period, expressed as a percentage return.
The stock price at the beginning and end of the performance periods will be the closing price on the relevant date, adjusted for stock splits or similar changes in capital structure. 

4. TERMINATION OF EMPLOYMENT. If the Award Recipient terminates employment with the Company due to Retirement, death or Disability during
a performance period, the Units will vest on a pro rated basis based on the actual level of achievement of the TSR goals, as certified by the Compensation Committee. The pro rata amount will be determined by multiplying the total number of Units
otherwise determined by a fraction, the numerator of which shall be the number of complete months between January 1st of the year of employment termination and the date of employment termination, and the denominator of which shall be twelve.
Shares of Stock will be distributed at the same time as other Participants. Termination of the Award Recipient’s employment with the Company for any other reason shall result in forfeiture of the award on the date of termination to the extent
not vested. The Award Recipient may designate a beneficiary(ies) to receive the certificate representing that portion of the award vested upon death. The Award Recipient has the right to change such beneficiary designation at will. 

5. CHANGE IN CONTROL. In the event of a Change in Control of the Company prior to
                    , any outstanding unvested Units shall vest in full upon the effective time of the Change in Control. 

6. WITHHOLDING TAXES. The Company shall have the right to retain and withhold from the Shares delivered upon vesting of Units a number of
Shares having a market value not less than the minimum required withholding amount for taxes and cancel (in whole or in part) any such Shares so withheld in order to reimburse the Company for any such taxes. 

7. CLAW-BACK PROVISIONS. In accordance with the Company’s claw-back policies, in the event of an accounting restatement applicable
to a performance period due to material noncompliance with financial reporting requirements under the federal securities laws, the Compensation Committee shall have the right to seek to recover from any current or former executive at the vice
president level or above who received Shares under this Agreement during the three-year period preceding the date on which the Company is required to prepare an accounting restatement, any excess compensation awarded as a result of the misstatement.
The Company’s policy will be amended as required by final Security and Exchange Commission regulations interpreting the provisions of the Dodd-Frank Act, and as required by the listing standards of the New York Stock Exchange. Any amended
policy will apply to this Agreement. 
 8. ADMINISTRATION. The Board shall have full authority and discretion (subject only to
the authority granted to the Compensation Committee under this Award) to decide all matters relating to the administration and interpretation of the Plan and this Agreement. All such Board determinations shall be final, conclusive, and binding upon
the Company, the Award Recipient, and any and all interested parties. 
 9. NO RIGHT TO CONTINUED EMPLOYMENT. Nothing in the
Plan or this Agreement shall confer on an Award Recipient any right to continue in the employ of the Company or in any way affect the Company’s right to terminate the Award Recipient’s employment without prior notice at any time for any
reason. 
 10. AMENDMENT(S). This Agreement shall be subject to the terms of the Plan as amended except that the award that is
the subject of this Agreement may not in any way be restricted or limited by any Plan amendment or termination approved after the date of the award without the Award Recipient’s written consent. 

 11. NON-TRANSFERABLE. The Units may not be sold, assigned, transferred, pledged or otherwise
encumbered, whether voluntarily or involuntarily, by operation of law or otherwise. Any attempt to transfer, anticipate, alienate, sell, assign, pledge or encumber the Units shall be void. 

12. COMPLIANCE WITH SECTIONS 162(M) AND 409A OF THE INTERNAL REVENUE CODE. Compensation attributable to the Award is intended to
constitute qualified performance-based compensation under Section 162(m) of the Code and the regulations thereunder. This Award shall be construed and administered by the Board in a manner consistent with this intent. This Agreement will be
interpreted and applied so that the Award does not fail to meet, and is operated as a “short term deferral” which is exempt from, the requirements of Section 409A of the Internal Revenue Code and the regulations thereunder.

 13. FORCE AND EFFECT. The various provisions of this Agreement are severable in their entirety. Any determination of
invalidity or unenforceability of any one provision shall have no effect on the continuing force and effect of the remaining provisions. 
 14. GOVERNING LAWS. This Agreement shall be construed and enforced in accordance with and governed by the laws of the State of Texas. 

15. SUCCESSORS. This Agreement shall be binding upon and inure to the benefit of the heirs and permitted successors and assigns of the
respective parties. 
 16. NOTICES. Unless waived by the Company, any notice to the Company required under or relating to this
Agreement shall be in writing and addressed to: 
 Comstock Resources, Inc. 

5300 Town and Country Blvd. 
 Suite 500 
 Frisco, TX 75034 

Attention: President or Secretary; 
 or to such other address as the Company maintains as its principal executive offices. 
 17. ENTIRE AGREEMENT. This Agreement and the Plan contain the entire understanding of the parties and shall not be modified or amended except in writing and duly signed by the parties. In the event of any
conflict between the terms and provisions of this Agreement and those of the Plan, the terms and provisions of the Plan including, without limitation, those with respect to powers of the Board, shall prevail and be controlling. Capitalized terms
used herein not otherwise defined shall have the meanings set forth in the Plan. No waiver by either party of any default under this Agreement shall be deemed a waiver of any later default. 

IN WITNESS WHEREOF, the parties have signed this Agreement as of the date hereof. 

 

			
	COMSTOCK RESOURCES, INC.
		
	By:

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