Document:

Form of Grant Agreement Relating to Restricted Units

 Exhibit 10.30 
 Constellation Energy Partners LLC 
 Long-Term
Incentive Plan 
 Grant Agreement Relating to 
 Restricted Units – Independent Managers 
 Grantee:
[·] 
 Grant Date: [·] 
  

	 	1.	Grant of Restricted Units. 

 (a) Grant. Constellation Energy Partners LLC, a Delaware limited liability company (the “Company”), hereby grants to you [·] Restricted Units (the “Restricted Units” and each, a “Restricted Unit”) under the Constellation Energy Partners LLC Long-Term Incentive Plan (the
“Plan”) on the terms and conditions set forth herein and in the Plan, which is attached hereto as Appendix A and incorporated herein by reference as a part of this agreement (the “Grant Agreement”).

 (b) No Certificates. The Restricted Units shall be evidenced in book-entry form in the name of Grantee. 
 (c) General. Except where explicitly noted herein, in the event of any conflict between the terms of the Plan and the remaining terms
of this Grant Agreement, the Plan shall control. Capitalized terms used in this Grant Agreement but not defined herein shall have the meanings ascribed to such terms in the Plan, unless the context requires otherwise. 
  

	 	2.	Vesting and Distributions. 

 (a) Vesting of Restricted Units. Except as otherwise provided in Section 2(b), the Restricted Units shall fully vest in Grantee and the restrictions set forth in this Section 2(a), Section 2(b),
Section 2(c) and Section 2(d) shall lapse on [·]. Grantee shall receive cash UDRs on the
Restricted Units during the vesting period at the time distributions are made to holders of common units of the Company. 
 (b)
Forfeiture. Except as otherwise provided in this Section 2(b), if Grantee’s service on the Company’s Board of Managers ceases before the Restricted Units are vested, he or she will forfeit a number of Restricted Units
equal to the number of Restricted Units times a fraction, the numerator of which is the number of full calendar months remaining after his or her Board membership ceases until the date the Restricted Units vest, and the denominator of which is 12.
The Committee may, in its discretion, waive in whole or in part any forfeiture pursuant to this Section 2(b). 

 (c) Transfer Restrictions. None of the Restricted Units may be assigned, alienated,
pledged, attached, sold or otherwise transferred or encumbered by Grantee and any such purported assignment, alienation, pledge, attachment, sale, transfer or encumbrance shall be void and unenforceable against the Company or any of its Affiliates;
provided, however, that the Restricted Units may be transferred by Grantee without consideration to immediate family members or related family trusts, family limited partnerships or similar entities. 
 (d) Ownership Rights. Subject to the vesting restrictions provided in Section 2(a) and the risk of forfeiture pursuant to
Section 2(b), Grantee shall have full ownership rights in respect of the Restricted Units, including the right to vote along with the other common unitholders. 
  

	 	3.	Withholding of Tax. 

 (a)
General. The Company or any Affiliate is authorized to withhold from any payment due or transfer made pursuant to this Grant Agreement, or from any compensation or other amount owing to Grantee, the amount (in cash, Units, other securities,
Units that would otherwise be issued pursuant to this Grant Agreement or other property) of any applicable taxes payable at the minimum statutory rate in respect of this Grant Agreement, the vesting or any payment or transfer under the Grant
Agreement and to take such other action as may be necessary in the opinion of the Company to satisfy its withholding obligations for the payment of such taxes, and in this regard, such withholding obligation may be satisfied by Grantee timely
remitting (in cash, check or wire transfer) to the Company or the Internal Revenue Service, at the Company’s election, the amount of any such applicable taxes (as determined by the Company). 
 (b) Net Units. Unless Grantee satisfies the tax withholding obligation set forth above by timely remitting such amounts to the
Company or the Internal Revenue Service (at the Company’s election) by cash, check or wire transfer, all Units to be issued pursuant to this Grant Agreement shall be net of tax withholding, such that the tax withholding obligation of Grantee in
respect of this Grant Agreement and such Units is satisfied through the retention by the Company of a number of Units equal to Grantee’s aggregate tax withholding obligation divided by the per-unit Fair Market Value for the date immediately
prior to the date of such issuance of Units. 
 (c) Section 83(b) Election. As a condition to receiving his or her
award of Restricted Units, Grantee agrees to waive his or her right to make an election under Section 83(b) of the Code with regard to the Restricted Units. 
 4.     Limitations on Transfer. All rights under this Grant Agreement shall belong to Grantee alone and may not be transferred, assigned, pledged or hypothecated by Grantee in
any way (whether by operation of law or otherwise), other than by will or the laws of descent and distribution and shall not be subject to execution, attachment or similar process. Upon any attempt by Grantee to transfer, assign, pledge, hypothecate
or otherwise dispose of such rights contrary to the provisions in this Grant Agreement or the Plan, or upon the levy of any attachment or similar process upon such rights, such rights shall immediately become null and void. 
  

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 5.     Binding Effect. This Grant Agreement shall be binding upon
and inure to the benefit of any successor or successors of the Company and upon any person lawfully claiming under Grantee. 
 6.     Entire Agreement and Amendment. This Grant Agreement constitutes the entire agreement of the parties with regard to the subject matter hereof, and contains all the covenants, promises, representations,
warranties and agreements between the parties with respect to the Restricted Units. Without limiting the scope of the preceding sentence, all prior understandings and agreements, if any, among the parties hereto relating to the subject matter hereof
are hereby made null and void and of no further force and effect. 
 7.     Notices. Any notices
given in connection with this Grant Agreement shall, if issued to Grantee, be delivered to Grantee’s current address on file with the Company, or if issued to the Company, be delivered to the Company’s principal offices. 
 8.     Execution of Receipts and Releases. Payment of cash or issuance or transfer of Units or other property to
Grantee, or to Grantee’s legal representatives, heirs, legatees or distributees, in accordance with the provisions hereof, shall, to the extent thereof, be in full satisfaction of all claims of such persons hereunder. The Company may require
Grantee or Grantee’s legal representatives, heirs, legatees or distributees, as a condition precedent to such payment or issuance, to execute a release and receipt therefor in such form as the Company shall reasonably determine. 
 9.     Reorganization of the Company. The existence of this Grant Agreement shall not affect in any way the right
or power of any of the Company and its Affiliates or their respective unitholders, stockholders or other equity holders to make or authorize (a) any or all adjustments, recapitalizations, reorganizations or other changes in the respective
capital structures or businesses of any of the Company and its Affiliates; (b) any merger or consolidation of any of the Company and its Affiliates; (c) any issue of bonds, debentures, preferred or prior preference units or securities
ahead of or affecting the Restricted Units or the rights thereof; (d) the dissolution or liquidation of any of the Company and its Affiliates, or any sale or transfer of all or any part of their respective assets or businesses; or (e) or
any other limited liability company or corporate act or proceeding, as applicable, whether of a similar character or otherwise. 
 10.     Recapitalization Events. In the event that the Committee determines that any distribution (whether in the form of cash, common units, other securities or other property), recapitalization, split, reverse
split, reorganization, merger, consolidation, split-up, spin-off, combination, repurchase, or exchange of Units or other securities of the Company, issuance of warrants or other rights to purchase Units or other securities of the Company, or other
similar transaction or event affects the Units such that an adjustment is determined by the Committee to be appropriate in order to prevent dilution or enlargement of the benefits or potential benefits intended to be made available under this Grant
Agreement, then the Committee shall, in such manner as it may deem equitable, adjust the number and type of Units (or other securities or property) subject to the Grant Agreement hereunder or, if deemed appropriate by the Committee, make provision
for a cash payment to Grantee; provided, however, that the number of Units subject to the Grant Agreement shall always be a whole number. 
  

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 11.     Certain Restrictions. By executing this Grant Agreement,
Grantee acknowledges that he or she has received a copy of the Plan and agrees that Grantee will enter into such written representations, warranties and agreements and execute such documents as the Company may reasonably request in order to comply
with the securities laws or any other applicable laws, rules or regulations or with this document or the terms of the Plan. 
 12.     Amendment and Termination. No amendment or termination of this Grant Agreement that adversely affects the rights of the Grantee shall be made by the Company at any time without the prior written consent of
Grantee. 
 13.     Governing Law. This grant shall be governed by, and construed in accordance with,
the laws of the State of Delaware, without regard to conflicts of laws principles thereof. 
 [Signature page follows] 

  

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 IN WITNESS WHEREOF, the parties hereto have executed this Award Agreement to be
effective as of [·]. 
  

									
	 Constellation Energy Partners LLC
	 		 	Grantee
					
	By:	 	 	 		 	By:	 	 
					
	Name:	 	 	 		 	Name:	 	 
					
	Title:	 	 	 		 	Title:	 	 

  

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 APPENDIX A 
 CONSTELLATION ENERGY PARTNERS LLC 
 LONG-TERM
INCENTIVE PLAN 
  

 A-1Share Accumulation Program

 Exhibit 10.36 
 Career Education Corporation 
 Non-Employee Director

 Share Accumulation Program 
 pursuant to the 
 2008 Incentive Compensation Plan 

 

 

 ARTICLE 1 
 PURPOSE 
 This Non-Employee Director Share Accumulation Program (the
“Program”) is created to set forth the Award that may be available for Grantees who are non-employee directors of the Company, and who have each elected to participate in the Program (each, a “Participating
Director”), payable in cash or Shares (which Shares are issued pursuant to the Career Education Corporation 2008 Incentive Compensation Plan (the “Plan”)). 
 ARTICLE 2 
 DEFINITIONS 
 Capitalized terms used but not otherwise defined herein shall have the meanings ascribed to such terms in the Plan. 
 ARTICLE 3 
 ELIGIBILITY 
 Subject to and upon the terms and conditions set forth in this Program and the Plan, each
non-employee director of the Company shall have the ability to become a Participating Director. 
 ARTICLE 4 

STOCK AWARDS 
 4.1
Share Payment Elections. With respect to any calendar year, each non-employee director shall have the opportunity to become a Participating Director by electing to receive a percentage of his or annual retainer installments and quarterly
meeting fees paid in the form of Shares. Such percentage shall not exceed one hundred percent (100%), of (a) each installment of his or her annual retainer, which is typically paid in four (4) equal installment on the fifth business day
after the end of each calendar quarter, and (b) the meeting fees accrued by such director during any calendar quarter, which fees are typically paid on the fifth business day after the end of each calendar quarter with respect to meetings held
during such calendar quarter. Such election shall be evidenced by completing and executing the Share Payment Election Form attached hereto as Exhibit A (the “Share Payment Election”) and submitting such Share Payment Election
to the Company no later than December 31 of the calendar year which immediately precedes the calendar year with respect to which the Share Payment Election applies. Notwithstanding the foregoing, to the extent that an individual becomes a
non-employee director of the Company during a calendar year, such individual shall have the opportunity to become a Participating Director with respect to such calendar year by completing a Share Payment Election and submitting it to the Company
within thirty (30) days of first becoming a non-employee director of the Company. Any Share Payment Election completed during the calendar year pursuant to the immediately preceding sentence shall only apply on a prospective basis. Any Share
Payment Election submitted to the Company pursuant to this Section 4.1 shall become irrevocable as of the deadline for submission of such Share Payment Election (i.e., December 31 or thirty (30) days after becoming a
non-employee director, as applicable), and shall remain in effect until the beginning of the calendar year following the calendar year with respect to which such Share Payment Election applies. 
 4.2 Share Payment Related to Annual Retainer Installment. On the date of the payment of each quarterly installment of the annual retainer (the
“Installment Payment Date”), the cash payment due to each Participating Director shall be reduced by the relevant percentage set forth on the applicable Share Payment Election. The amount of such reduction (the “Retainer
Share Amount”) shall be paid in cash or Shares as described in Section 4.4(a). 
  

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 4.3 Share Payment Related to Quarterly Meeting Fees. On the date of the payment of the meeting
fees for each calendar quarter (the “Meeting Fee Payment Date”), the cash payment due to each Participating Director shall be reduced by the relevant percentage set forth on the applicable Share Payment Election. The amount of such
reduction (the “Meeting Fee Share Amount,” and together with the Retainer Share Amount, the “Share Amounts”) shall paid in cash or Shares as described in Section 4.4(b). 
 4.4 Settlement of Retainer Share Amount and Meeting Fee Deferred Amount. 
 (a) Retainer Share Amount. On each Installment Payment Date, the Participating Director shall receive a number of Shares equal to the
result of the following formula: 
 A / B 
 Where 
 A =        The Retainer Share
Amount; and 
 B =        The Fair Market Value of a Share on the Installment Payment
Date. 
 Notwithstanding the foregoing, if a Participating Director incurs a Termination of Service, or if a Change in Control
occurs, prior to an Installment Payment Date, then, on the applicable Installment Payment Date, no Shares shall be issued pursuant to this Program, and any quarterly retainer amounts due shall be paid solely in cash. 
 (b) Meeting Fee Share Amount. On each Meeting Fee Payment Date, the Participating Director shall receive a number of Shares equal to
the result of the following formula: 
 C / D 
 Where 
 C =        The Meeting Fee Share
Amount; and 
 D =        The Fair Market Value of a Share on the Meeting Fee Payment
Date. 
 Notwithstanding the foregoing, if a Participating Director incurs a Termination of Service, or if a Change in Control
occurs, prior to a Meeting Fee Payment Date, then, on the applicable Meeting Fee Payment Date, no Shares shall be issued pursuant to this Program, and the meeting fees for such quarter, if any, shall be paid solely in cash. 
 (c) Fractional Amounts. Any portion of the Retainer Share Amount which would otherwise relate to fractional Shares shall be paid to
the Participating Director in cash no later than ninety (90) days following of the relevant Installment Payment Date. Any portion of the Meeting Fee Share Amount which would otherwise relate to fractional Shares shall be paid to the
Participating Director in cash no later than ninety (90) days after the relevant Meeting Fee Payment Date. 
 (d) Nature
of Awards. For purposes of the Plan, Shares issued pursuant to this Section 4.4 shall be considered an Award of Shares (as described in Section 2.2 of the Plan). 
  

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 ARTICLE 5 
 MISCELLANEOUS 
 5.1 Stock Issuance. Upon payment of
Shares pursuant to Section 4.4 hereof, the Company, in its sole discretion, shall either (a) credit the applicable number of Shares to the Participating Director in a book entry on the records kept by the Company’s stockholder
record keeper or (b) cause to be issued certificates for such Shares. 
 5.2 Liability of Company. The inability of the Company to
obtain approval from any regulatory body having authority deemed by the Company to be necessary to the lawful issuance and transfer of any Shares pursuant to this Program and the Plan shall relieve the Company of any liability with respect to the
non-issuance or transfer of such Shares as to which such approval shall not have been obtained. However, the Company shall use its best efforts to obtain all such approvals. 
 5.3 Plan and Program Amendment. No discontinuation, modification, or amendment of the Plan may, without the written consent of the Participating Director, adversely affect the rights of such
Participating Director under this Program with respect to any Share Payment Election then in effect, except as otherwise provided in the Plan. This Program and any Share Payment Election may be amended as provided under the Plan, but no such
amendment shall adversely affect the Participating Director’s rights under this Program or an applicable Share Payment Election without the Participating Director’s written consent, unless otherwise permitted by the Plan. 
 5.4 No Stockholder Rights. The Participating Director shall have no rights as a stockholder of the Company with respect to the Shares granted
pursuant to this Program, unless and until Shares are paid pursuant to Section 4.4 hereof and issued pursuant to Section 5.1 hereof. 
 5.5 Disclosure Rights. Except as required by applicable law, the Company (or any of its affiliates) shall not have any duty or obligation to disclose affirmatively to a record or beneficial holder of Common Stock, and such holder
shall have no right to be advised of, any material information regarding the Company at any time prior to, upon or in connection with receipt of Common Stock. 
 5.6 Compliance with Laws and Regulations. Notwithstanding anything herein to the contrary, the Company shall not be obligated to either (a) cause to be issued or delivered any certificates for
Shares, or (b) cause a book entry related to Shares to be entered on the records of the Company’s stockholder record keeper, unless and until the Company is advised by its counsel that such issuance and delivery of such certificates or
entry on the records, as applicable, is in compliance with all applicable laws, regulations of governmental authority, and the requirements of any exchange upon which Shares are traded. The Company may require, as a condition of such issuance and
delivery of such certificates or entry on the records, as applicable, and in order to ensure compliance with such laws, regulations and requirements, that the Participating Director make such covenants, agreements, and representations as the
Company, in its sole discretion, considers necessary or desirable. 
 5.7 Committee Action. By adopting this Program under the Plan, the
Committee is exercising the power, authority and discretion granted to the Committee pursuant to Section 3.2(b) of the Plan and the interpretative authority granted to the Committee pursuant to Section 3.2(r) of the Plan. 
  

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 EXHIBIT A 
 FORM OF SHARE PAYMENT ELECTION 
 This Share Payment Election shall
apply to annual retainer installment payments and meeting fee payments made to the Participating Director in respect of board service during calendar year [2010] (the “Calendar Year”). Except as otherwise provided in the
Non-Employee Director Share Accumulation Program (the “Program”) under the Career Education Corporation 2008 Incentive Compensation Plan (the “Plan”), this Share Payment Election Form must be signed and returned to
the Company no later than December 31, [2009] to be effective. 
 Capitalized terms used but not otherwise defined on this Share
Payment Election shall have the meaning given to such terms in the Plan and the Program. 
  

	1.	Participating Director Information 

  

					
	Name:	 	  
	 	
	Address:	 	  
	 	

  

	2.	Share Payment Election 

  

	(a)	Retainer Payments. Pursuant to Section 4.1 and 4.2 of the Program, I hereby elect to have
            % (up to a maximum of 100%) of each quarterly annual retainer installment, which is paid to me with respect to quarters occurring during the Calendar Year, paid to me in Shares.
I understand that if I incur a Termination of Service, or a Change in Control occurs, prior to the date that any quarterly annual retainer installment is paid, then no Shares will be issued in connection with such quarterly annual retainer
installment, and all amounts related thereto will be paid in cash. 

  

	(b)	Meeting Fees. Pursuant to Section 4.1 and 4.3 of the Program, I hereby elect to have
            % (up to a maximum of 100%) of all meeting fee payments, which are paid to me with respect to meetings occurring during the Calendar Year (which fees are typically paid five
(5) business days after the end of each calendar quarter with respect to meetings occurring during such quarter), paid to me in Shares. I understand that if I incur a Termination of Service, or a Change in Control occurs, prior to the date that
any quarterly meeting fee payment is made, then no Shares will be issued in connection with such quarterly meeting fee payment, and all amounts related thereto will be paid in cash. 

  

	3.	Acknowledgements 

 I hereby agree and
acknowledge that: 
 (a) this Share Payment Election, when read together with the Program, shall constitute in Award Agreement under the Plan for
an Award of Shares pursuant to Section 2.2 of the Plan; 
 (b) that the provisions of the Plan, Program and this Share Payment Election
shall inure to the benefit of, and be binding upon, my succeeding administrators, heirs and legal representatives and the successors and assigns of the Company; 
 (c) the Program and this Share Payment Election shall not in any way affect the right of the Company to adjust, reclassify, reorganize or otherwise make changes in its capital or business structure, or to
merge, consolidate, dissolve, liquidate, sell or transfer all or any part of its business or assets; and 
  

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 (d) I am responsible for all taxes and tax consequences with respect to the Shares granted pursuant to
the Program and this Share Payment Election and it is my responsibility to obtain any advice that I deem necessary or appropriate with respect to any and all tax matters that may exist with respect to the Shares granted pursuant to the Plan, the
Program and this Share Payment Election. 
  

	4.	Signature 

 I understand that except as
provided in the Program, this Share Payment Election Form is irrevocable. I also understand that my election is subject to the terms and conditions of the Plan and Program. I have received and read a copy of the Plan and Program or have received an
adequate explanation of the Plan and Program before signing this form. 
  

							
	  
	  		  	  
	  	
	Participant Signature	  		  	Date	  	

  

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