SEC Contract Filing

Filing Date: 2015-05-11

Document Content:
<DOCUMENT>
<TYPE>EX-10.3
<SEQUENCE>2
<FILENAME>sogc-20150331ex103c26d7e.htm
<DESCRIPTION>EX-10.3
<TEXT>
<!--HTML document created with Merrill Bridge 5.12.31.0-->
<!--Created on: 5/11/2015 3:49:11 PM-->
<html>
	<head>
 <title>
 sogc_Ex_10-3
 </title>
	</head>
	<body><div style="margin-left:63pt;margin-right:63pt;"><div style="width:100%">

 <p style="margin:0pt;text-align:right;font-family:Times New Roman;font-size: 10pt">

 <font style="display: inline;font-weight:bold;font-size:10pt;">Exhibit 10.3</font>

 </p>

 <p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 12pt">

 &nbsp;

 </p>

 <p style="margin:0pt;color:#1F497D;font-family:Times New Roman;font-size: 16pt">

 <font style="display: inline;font-weight:bold;color:#0070C0;font-size:16pt;">Sabine Oil &amp; Gas Corporation</font>

 </p>

 <p style="margin:0pt;line-height:115%;color:#1F497D;font-family:Times New Roman;font-size: 11pt">

 <font style="display: inline;font-family:Candara;color:#1F497D;font-size:11pt;">1415 </font><font style="display: inline;color:#1F497D;font-size:11pt;">Louisiana Street</font><font style="display: inline;font-family:Candara;color:#1F497D;font-size:11pt;">, &nbsp;</font><font style="display: inline;color:#1F497D;font-size:11pt;">Suite </font><font style="display: inline;font-family:Candara;color:#1F497D;font-size:11pt;">1600</font>

 </p>

 <p style="margin:0pt;line-height:115%;color:#1F497D;font-family:Times New Roman;font-size: 11pt">

 <font style="display: inline;color:#1F497D;font-size:11pt;">Houston, TX</font><font style="display: inline;font-family:Candara;color:#1F497D;font-size:11pt;"> 77002</font>

 </p>

</div>
 <p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">
 <a name="_GoBack"></a><font style="display: inline;">&nbsp;</font>
 </p>
 <p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">
 <font style="display: inline;">&nbsp;</font>
 </p>
 <p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">
 <font style="display: inline;">March 12</font><font style="display: inline;">, 2015</font>
 </p>
 <p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">
 <font style="display: inline;">&nbsp;</font>
 </p>
 <p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">
 <font style="display: inline;font-weight:bold;">CONFIDENTIAL</font>
 </p>
 <p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">
 <font style="display: inline;">&nbsp;</font>
 </p>
 <p style="margin:0pt 0pt 12pt;text-indent:36pt;border-bottom:1pt none #D9D9D9 ;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
 <font style="display: inline;font-weight:bold;font-style:italic;">Re:</font><font style="display: inline;font-weight:bold;font-style:italic;;font-size: 12pt;font-family:Times New Roman;text-indent:0pt;margin-left:0pt;padding:0pt 25.2pt 0pt 0pt;"></font><font style="display: inline;font-weight:bold;font-style:italic;">Performance Award</font>
 </p>
 <p style="margin:0pt 0pt 12pt;border-top:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
 <font style="display: inline;">Dear ________________:</font>
 </p>
 <p style="margin:0pt 0pt 6pt;text-indent:36pt;border-top:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
 <font style="display: inline;">This letter (your &#x201C;</font><font style="display: inline;font-weight:bold;font-style:italic;">Participation Agreement</font><font style="display: inline;">&#x201D;) confirms that you are eligible to receive (i) a cash bonus for the first calendar quarter of 2015 (the &#x201C;</font><font style="display: inline;font-weight:bold;font-style:italic;">Bonus</font><font style="display: inline;">&#x201D;), and (ii) a performance award (the </font><font style="display: inline;font-style:italic;">&#x201C;</font><font style="display: inline;font-weight:bold;font-style:italic;">Performance Award</font><font style="display: inline;font-style:italic;">&#x201D;)</font><font style="display: inline;">, in each case pursuant to the 2014 Long-Term Incentive Plan (the </font><font style="display: inline;font-weight:bold;font-style:italic;">&#x201C;Plan&#x201D;</font><font style="display: inline;">) in consideration of and appreciation for your continued services and contribution to</font><font style="display: inline;font-style:italic;">&nbsp;</font><font style="display: inline;">Sabine Oil &amp; Gas Corporation (the &#x201C;</font><font style="display: inline;font-weight:bold;font-style:italic;">Company</font><font style="display: inline;">&#x201D;), subject to the terms and conditions outlined in this Participation Agreement and the Plan.&nbsp;&nbsp;Capitalized terms used in this Participation Agreement and not herein defined shall have the meaning set forth in the Plan. </font>
 </p>
 <p style="margin:0pt 0pt 6pt;border-top:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
 <font style="display: inline;font-weight:bold;">2015 First Quarter Bonus</font>
 </p>
 <p style="margin:0pt 0pt 6pt;text-indent:36pt;border-top:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
 <font style="display: inline;">This Participation Agreement provides you with the opportunity to earn a Bonus equal to [$xx,xxx], which shall be payable no later than 30 days following the end of the first calendar quarter of 2015 so long as you continue to be employed by the Company or its affiliates through the date of payment of the Bonus.&nbsp;&nbsp;If your employment with the Company or its affiliates terminates for any reason prior to the payment of the Bonus, you shall forfeit your right to receive any portion of the Bonus.</fo