Document:

xec_EX 101

		
			Exhibit 10.1
		

		
			 
		

		
			 
		

		
			 
		

		
			NOTICE OF GRANT OF RESTRICTED STOCK (DIRECTOR)
		

		
			AND AWARD AGREEMENT
		

		
			 
		

		
			 
		

		
			 
		

		
			 
		

		
			 
		

		
			 
		

		
			Name of Director:
		

		
			 
		

		
			Date of Grant:
		

		
			 
		

		
			Number of Shares of Restricted Stock:
		

		
			 
		

		
			Vesting Schedule:One-third of the Shares vest each year on the anniversary of the Date of Grant
		

		
			 
		

		
			 
		

		
			 
		

		
			 
		

		
			 
		

		
			 
		

		
			By accepting this agreement, you and Cimarex Energy Co. (the “Company”) agree that the Restricted Stock is granted under and governed by the terms and conditions of the Company’s 2014 Equity Incentive Plan (the “Plan”) and the Award Agreement (the “Agreement”), both of which are attached and made a part of this document.  In the event of a conflict between the terms and conditions of the Plan and the terms and conditions of this Agreement, the terms and conditions of the Plan will prevail.
		

		

		

		 

		

			Page 1

		

		

			Cimarex 2014 Equity Incentive Plan

		

		

			Restricted Stock AWARD (DIRECTOR) NOTICE OF GRANT AND AWARD AGREEMENT

		

 

		AWARD AGREEMENT
		

		
			 
		

		
			1.Grant of Restricted Stock.  The Company grants you Shares of Restricted Stock as set forth in the foregoing Notice of Grant.  The Shares of Restricted Stock may be evidenced in the manner the Company deems appropriate, including, without limitation, a book-entry registration or issuance of a stock certificate or certificates.
		

		
			 
		

		
			2.Restrictions on Transfer.    You shall not sell, assign, transfer by gift or otherwise, pledge, hypothecate, or otherwise dispose of, by operation of law or otherwise, any of the Shares for the period commencing on the Date of Grant and ending on the date that the shares become fully vested as provided in Section 3 or as otherwise permitted by this Agreement or the terms of the Plan.
		

		
			 
		

		
			3.Vesting.    Except as otherwise provided in this Agreement, the Restricted Stock shall vest in one-third increments on each anniversary of the Date of Grant.
		

		
			 
		

		
			4.Termination of Service.
		

		
			 
		

		
			(a)Death or Disability.    If your service on the Company’s Board of Directors terminates on account of death or Disability, any unvested Shares will be fully vested and payable on the date of such death or disability.
		

		
			 
		

		
			(b)Other Terminations.    If you cease performing services for the Company for any reason other than death or Disability, whether or not your termination is voluntary or involuntary, your Restricted Stock will be forfeited, and you shall immediately transfer and assign to the Company, without any consideration, all unvested Restricted Stock, and you shall not exercise any of the privileges or rights of a stockholder with respect to the unvested Restricted Stock.
		

		
			 
		

		
			5.Change in Control.  Upon the occurrence of a Change in Control, the Restricted Stock will be fully vested and freely transferable, except that you shall not make any sale or transfer that would conflict with or violate any of the provisions of the Securities Act of 1933 or applicable state securities laws or the Company’s insider trading policy.  The Committee may also provide for the assumption or substitution of the Restricted Stock by the surviving entity on terms comparable to the terms of this Agreement and may make any other provision for the Restricted Stock as the Committee, in its sole discretion, deems appropriate.
		

		
			 
		

		
			6.Removal of Restrictions.  Upon the vesting of the Restricted Stock, the Company shall deliver Shares to you.  The Company may elect to electronically deliver the Shares to a brokerage account designated by you.
		

		
			 
		

		
			7.Effect of Prohibited Transfer.  If any transfer of Shares of Restricted Stock is made or attempted to be made contrary to the terms of this Agreement, the Company will have the right to acquire, without the payment of any consideration, such Shares from you or your transferee, at any time before or after a prohibited transfer.  In addition to any other legal or equitable remedies it may have, the Company may enforce its rights to specific performance to the extent permitted by law and may exercise such other equitable remedies then available to it.  The Company may refuse for any purpose to recognize any transferee who receives Shares contrary to the provisions of this Agreement as a stockholder and may retain and/or recover all dividends on such Shares that were paid or payable subsequent to the date on which the prohibited transfer was made or attempted.
		

		
			 
		

		

		

		 

		

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			Cimarex 2014 Equity Incentive Plan

		

		

			Restricted Stock AWARD (DIRECTOR) NOTICE OF GRANT AND AWARD AGREEMENT

		

 

		 
		

		
			8.Adjustments to the Stock.  During the Restriction Period, the Plan provides for certain adjustments to the number of Shares in connection with a reorganization or other changes to the Company’s common stock.
		

		
			 
		

		
			9.Rights as a Stockholder.  You will have the right to receive dividends and to vote the Shares of any unvested Shares.  If any dividends or distributions are paid in Shares of Common Stock, all of these Shares will be subject to the same restrictions on transferability as the Shares of Restricted Stock with respect to which they were paid.
		

		
			 
		

		
			10.Miscellaneous.
		

		
			 
		

		
			(a)Notices.  Any notice required or permitted to be given under this Agreement shall be in writing and shall be delivered electronically, personally or mailed (U.S. Mail) by the Company to you at your then current address as maintained by the Company or such other address as you may advise the Company in writing.  Any such notice shall be deemed to have been given as of the second day after deposit in the United States mails, postage prepaid, properly  addressed as set forth in this paragraph, in the case of a mailed notice, or as of the date delivered in the case of electronic or personal delivery.
		

		
			 
		

		
			(b)Amendment.  Except as provided herein or in the Plan this Agreement may not be amended or otherwise modified unless evidenced in writing and signed by the Company and you.
		

		
			 
		

		
			(c)Defined Terms.  Capitalized terms shall have the meaning set forth in the Plan or herein, as the case may be.
		

		
			 
		

		
			(d)Construction; Severability.  The section headings contained herein are for reference purposes only and shall not in any way affect the meaning or interpretation of this Agreement.  The invalidity or unenforceability of any provision of this Agreement shall not affect the validity or enforceability of any other provision of this Agreement, and each other provision of this Agreement shall be severable and enforceable to the extent permitted by law.
		

		
			 
		

		
			(e)Waiver.  Any provision contained in this Agreement may be waived, either generally or in any particular instance, by the Committee appointed under the Plan, but only to the extent permitted under the Plan.
		

		
			 
		

		
			(f)Binding Effect.  This Agreement shall be binding upon and inure to the benefit of the Company and the Grantee and their respective heirs, executors, administrators, legal representatives, successors and assigns.
		

		
			 
		

		
			(g)Governing Law.  This Agreement shall be governed by and construed in accordance with the laws of the State of Delaware.
		

		
			 
		

		
			 
		

		
			 
		

		
			 
		

		
			 
		

		
			[SIGNATURE PAGE FOLLOWS]
		

		 

		

			Page 3

		

		

			Cimarex 2014 Equity Incentive Plan

		

		

			Restricted Stock AWARD (DIRECTOR) NOTICE OF GRANT AND AWARD AGREEMENT

		

 

		
		

		
			IN WITNESS WHEREOF, the parties have executed this Agreement as of the Date of Grant.
		

		
			 
		

		
			 
		

			
					
						 

					
					
						 

					
					
						CIMAREX ENERGY CO.

				
	
					
						 

					
					
						 

					
					
						 

				
	
					
						 

					
					
						 

					
					
						 

				
	
					
						 

					
					
						By

					
					
						 

				
	
					
						 

					
					
						 

					
					
						Thomas E. Jorden

				
	
					
						 

					
					
						 

					
					
						Chief Executive Officer and President

				
	
					
						 

					
					
						 

					
					
						 

				
	
					
						 

					
					
						 

					
					
						 

				
	
					
						 

					
					
						DIRECTOR

				
	
					
						 

					
					
						 

				

		
			 
		

		 

		

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			Cimarex 2014 Equity Incentive Plan

		

		

			Restricted Stock AWARD (DIRECTOR) NOTICE OF GRANT AND AWARD AGREEMENTxec_EX 102

		

			 

		

		
			Exhibit 10.2
		

		
			 
		

		
			Cimarex energy co.
		

		
			1700 Lincoln Street, Suite 1800
		

		
			Denver, Colorado 80203-4518
		

		
			 
		

		
			 
		

		
			 
		

		
			 
		

		
			 
		

		
			NOTICE OF GRANT OF NONQUALIFIED STOCK OPTION
		

		
			AND AWARD AGREEMENT
		

		
			 
		

		
			 
		

		
			 
		

		
			 
		

		
			 
		

			
					
						Option Holder:

					
					
						Type of Option:  Nonqualified stock option

				
	
					
						 

					
					
						 

				
	
					
						Date of Grant:

					
					
						Option Price per share:    

				
	
					
						 

					
					
						 

				
	
					
						Number of shares:

					
					
						Expiration Date:  7 years from Date of Grant

				
	
					
						Vesting Schedule:  One-third each year

					
						on anniversary of the Date of Grant

					
						 

					
					
						 

				

		
			 
		

		
			 
		

		
			 
		

		
			 
		

		
			 
		

		
			 
		

		
			By accepting this agreement online, you and Cimarex Energy Co. (the “Company”) agree that this Option is granted under and governed by the terms and conditions of the Company’s 2014 Equity Incentive Plan and the Award Agreement (the “Agreement”), both of which are attached and made a part of this document.  In the event of a conflict between the terms and conditions of the Plan and the terms and conditions of the Agreement, the terms and conditions of the Plan will prevail.
		

		

		

		 

		

			Page 1

		

		

			CIMAREX 2014 EQUITY INCENTIVE PLAN NONQUALIFIED STOCK OPTION

		

		

			NOTICE OF GRANT AND AWARD AGREEMENT

		

		

			 

		

 

		

			 

		

		AWARD AGREEMENT
		

			
	
			
				 1.
			Grant of Option.    The Company grants you a Nonqualified Stock Option (the “Option”) to purchase the number of shares of Common Stock at the exercise price per share of Common Stock (the “Option Price”) as set forth in the attached Notice of Grant.  The Option is not intended to qualify as an incentive stock option under Section 422 of the Internal Revenue Code of 1986, as amended (the “Code”).

			
	
			
				 2.
			Option Term; Expiration Date.  The term of the Option is seven (7) years measured from the Date of Grant, unless sooner terminated under this Agreement or the Plan (the “Expiration Date”).

			
	
			
				 3.
			Vesting.  The Option is only exercisable, in whole or in part, on or before the Expiration Date and then only with respect to the vested portion of the Option.    Except as otherwise provided in this Agreement and the Plan, the Option vests and becomes exercisable to purchase shares of Common Stock as set forth in the Notice of Grant.  Shares scheduled to vest on a certain date or upon the occurrence of a certain condition will not vest in accordance with any of the provisions of this Agreement unless you have been an employee (or other service provider) of the Company, a Subsidiary or an Affiliated Entity continuously from the Date of Grant until the date such vesting occurs.

			
	
			
				 4.
			Termination of Employment.

		
			(a)Death or Disability.  If your employment with the Company terminates on account of death or Disability prior to the Option vesting, the Option will be fully vested and payable.
		

		
			 
		

		
			(b)Other Terminations.  If your employment with the Company terminates prior to the end of the vesting period for any reason other than death or Disability, whether or not your termination is voluntary or involuntary, the unvested portion of your Option will be forfeited.
		

		
			 
		

			
	
			
				 5.
			Termination of Employment – Option Exercise.    Except as otherwise set forth in this Agreement, the Option may be exercised upon termination of employment (or other service) on or before the Expiration Date as follows:

			
	
			
				 (a)
			Upon termination of employment on or after your 62nd birthday or as a result of your death or Disability, the vested portion of the Option may be exercised by you (or your personal representative in the case of death) during the remaining term of the Option, but in no event after the Expiration Date.

			
	
			
				 (b)
			Upon your termination of employment (or other service) for any reason other than Cause, whether voluntary or involuntary, you may exercise the vested portion of the Option within three (3) months following the date of such termination, but in no event after the Expiration Date.

		
			If your employment (or other service) with the Company is terminated for Cause prior to the Expiration Date, the entire Option, whether or not vested, shall become void, shall be forfeited and shall terminate immediately upon your termination of employment (or other service).  For this purpose, Cause shall mean a conviction (or pleading nolo contendere)  of a felony or termination of employment (or other service) due to a violation of the Company’s Code of Business Conduct and Ethics, as determined by the Committee (or its designee) in good faith.
		

		
			6.Change of Control.  Upon the occurrence of a Change in Control, the unvested portion, if any, of an outstanding Option will become immediately and automatically vested.  In addition, the Company or successor or purchaser may make provision for the assumption of the outstanding Option, 
		

		 

		

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			CIMAREX 2014 EQUITY INCENTIVE PLAN NONQUALIFIED STOCK OPTION

		

		

			NOTICE OF GRANT AND AWARD AGREEMENT

		

		

			 

		

 

		

			 

		

		the substitution of a new option for the outstanding Option on terms comparable to the outstanding Option, or the Committee, upon 45 days advance notice, may provide that any outstanding Option will expire.  The Committee need not take the same action with respect to all outstanding Options.
		

		
			 
		

			
	
			
				 1.
			Exercising the Option.  The Option may be exercised on or before the Expiration Date in accordance with the Plan and the terms of this Agreement.    The Option may be exercised by delivery of a Notice of Exercise to the Company’s Corporate Secretary (or his or her designee) and full payment of the Option Price and satisfaction of applicable tax withholding.  The Notice of Exercise must identify the Option being exercised,  the number of shares of Common Stock to be purchased and include any other information,  and be in the form required by the Committee (or its designee) from time to time (the “Notice of Exercise”).

			
	
			
				 6.
			Tax Withholding.  The issuance of Common Stock pursuant to the exercise of the Option is subject to the requirement that you make appropriate arrangements with the Company to provide for the amount of additional income and other tax withholding applicable to the exercise of the Option.  Subject to any election procedures and other requirements determined by the Company, you may pay the amount of taxes required by law to be withheld by directing the Company to withhold a number of shares of Common Stock having a Fair Market Value on the date of payment equal to the amount of the required tax withholding.

			
	
			
				 7.
			Method of Payment.  The Option Price and tax withholding for shares of Common Stock purchased upon the exercise of the Option may be paid by the following methods:

			
	
			
				 (a)
			in cash or by check, bank draft or money order payable to the order of the Company;

			
	
			
				 (b)
			by delivering shares of Common Stock with a Fair Market Value on the date of payment equal to the amount of the Option Price, subject to such additional requirements determined by the Committee (or its designee);

			
	
			
				 (c)
			payment through a transaction involving a licensed broker or dealer (acceptable to the Company) acting on your behalf to sell shares and deliver all or part of the sales proceeds to the Company in payment of the Option Price and applicable tax withholding, subject to such additional requirements determined by the Committee (or its designee);

			
	
			
				 (d)
			payment of the exercise price and required tax withholding with shares of Common Stock acquired pursuant to the exercise (the Common Stock being valued at Fair Market Value on the date of exercise);

			
	
			
				 (e)
			a combination of the foregoing; or 

			
	
			
				 (f)
			any other method of payment adopted by the Company in connection with the Plan and approved by the Committee prior to the time of exercise.

			
	
			
				 8.
			Transferability.  You may not transfer the Option except by will or pursuant to the laws of descent and distribution, nor may you pledge, hypothecate or otherwise dispose of the Option, by operation of law or otherwise.  The Option may be exercised during your life only by you, or in the event of your Disability or incapacity, by your guardian or legal representative and after your death, only by those entitled to do so under your will or the applicable laws of descent and distribution.

			
	
			
				 9.

		

		 

		

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			CIMAREX 2014 EQUITY INCENTIVE PLAN NONQUALIFIED STOCK OPTION

		

		

			NOTICE OF GRANT AND AWARD AGREEMENT

		

		

			 

		

 

		

			 

		

			Rights as Stockholder.    Neither you nor your successor shall have any right as a stockholder with respect to the shares of Common Stock covered by this Option prior to your purchase of the shares of Common Stock by exercise of the Option, including, but not limited to, the right to vote the shares or receive dividends or dividend equivalents.

			
	
			
				 10.
			Miscellaneous.

			
	
			
				 (a)
			Adjustments.  The Plan provides for certain adjustments to the number of shares of Common Stock covered by the Option, the Option Price and other changes in connection with a reorganization or other changes to the Common Stock.

			
	
			
				 (b)
			Change of Control.  The Plan describes the actions that may be taken by the Committee with respect to the Option upon the occurrence of a Change of Control Event.

			
	
			
				 (c)
			Restrictions on Common Stock.  Any shares of Common Stock acquired under the Option or otherwise by you are subject to the Company’s Insider Trading Policy and may be subject to other restrictions on resale.  Any sale or other disposition of shares by you must be made in compliance with the Company’s Insider Trading Policy, in effect from time to time, securities law and other applicable legal requirements.

			
	
			
				 (d)
			Electronic Delivery.   The Company may, in its sole discretion, decide to deliver any documents related to Options awarded under the Plan or future Options that may be awarded under the Plan by electronic means.  You hereby consent to receive such documents by electronic delivery and agree to participate in the Plan through any on-line or electronic system established and maintained by the Company or another third party designated by the Company.

			
	
			
				 (e)
			Amendment or Modifications to the Agreement.  This Agreement constitutes the entire understanding of the parties on the subjects covered.  You expressly warrant that you are not accepting this Agreement in reliance on any promises, representations, or inducements other than those contained herein.  Except as provided in the Plan or elsewhere in this Agreement, modifications to this Agreement or the Plan may only be made in writing and signed by a duly authorized officer of the Company.  Notwithstanding anything to the contrary in the Plan or this Agreement, the Company reserves the right to revise this Agreement as it deems necessary or advisable, in its sole discretion and without your consent, to comply with Section 409A of the Code or to otherwise avoid imposition of any additional tax or income recognition under Section 409A of the Code in connection with this Option.

			
	
			
				 (f)
			Amendment or Termination of the Plan.  By accepting this Option, you expressly warrant that you have received an Option under the Plan, and have received, read and are familiar with the terms of the Plan.  You understand that the Plan is discretionary in nature and that it may be amended, suspended or terminated by the Company at any time. 

			
	
			
				 (g)
			Defined Terms.  Capitalized terms have the meaning set forth in the Plan or herein, as the case may be.

			
	
			
				 (h)
			Compliance with Securities Laws.  This Agreement shall be subject to the requirement that if at any time counsel to the Company determines that the listing, registration or qualification of the shares of Common Stock subject to the Option upon any securities exchange or under any state or federal law, or the consent or approval of any governmental or regulatory body, is necessary as a condition of, or in connection with, the issuance or purchase of such shares thereunder, the Option may not be exercised in whole or in part unless such listing, registration, qualification, consent or approval shall have been effected or obtained on conditions acceptable to the Committee.  Nothing herein 
		

		 

		

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			CIMAREX 2014 EQUITY INCENTIVE PLAN NONQUALIFIED STOCK OPTION

		

		

			NOTICE OF GRANT AND AWARD AGREEMENT

		

		

			 

		

 

		

			 

		

			shall be deemed to require the Company to apply for,  obtain, or keep current, any such listing, registration or qualification.

			
	
			
				 (i)
			Construction; Severability.  The section headings contained herein are for reference purposes only and shall not in any way affect the meaning or interpretation of this Agreement.  The invalidity or unenforceability of any provision of this Agreement shall not affect the validity or enforceability of any other provision of this Agreement, and each other provision of this Agreement shall be severable and enforceable to the extent permitted by law.

			
	
			
				 (j)
			Waiver.  Any provision contained in this Agreement may be waived, either generally or in any particular instance, by the Committee appointed under the Plan, but only to the extent permitted under the Plan.

			
	
			
				 (k)
			Binding Effect.  Subject to the limits on the transferability of the Option, this Agreement shall be binding upon and inure to the benefit of the Company and you and their respective heirs, executors, administrators, legal representatives, successors and assigns.

			
	
			
				 (l)
			No Right to Continued Employment.  Nothing contained in this Agreement or the Plan shall be construed as giving you any right to remain employed by (or provide other service to) the Company, any Subsidiary or any Affiliated Entity.  The Company reserves the right to terminate your employment (or other service) at any time.

			
	
			
				 (m)
			Notices.  Any notice required or permitted to be given under this Agreement shall be in writing and shall be delivered electronically, personally or mailed (U.S. Mail) by the Company to you at your then current address as maintained by the Company or such other address as you may advise the Company in writing.  Any such notice shall be deemed to have been given as of the second day after deposit in the United States mails, postage prepaid, properly addressed as set forth in this paragraph, in the case of a mailed notice, or as of the date delivered in the case of electronic or personal delivery.

			
	
			
				 (n)
			Governing Law.  This Agreement and the Plan shall be governed by and construed in accordance with the laws of the State of Delaware except as superseded by applicable Federal law.

		
			Attachments:
		

		
			2014 Equity Incentive Plan
Plan Prospectus

		

		
			 
		

		 

		

			Page 5

		

		

			CIMAREX 2014 EQUITY INCENTIVE PLAN NONQUALIFIED STOCK OPTION

		

		

			NOTICE OF GRANT AND AWARD AGREEMENT

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