SEC Contract Filing

Filing Date: 2017-06-05

Document Content:
<DOCUMENT>
<TYPE>EX-10.1
<SEQUENCE>2
<FILENAME>d351714dex101.htm
<DESCRIPTION>EX-10.1
<TEXT>
<HTML><HEAD>
<TITLE>EX-10.1</TITLE>
</HEAD>
 <BODY BGCOLOR="WHITE">

 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="right"><B>Exhibit 10.1 </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>FORM OF </B></P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>WARRIOR MET
COAL, INC. </B></P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>2017 EQUITY INCENTIVE PLAN </B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>RESTRICTED STOCK UNIT AWARD AGREEMENT </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">THIS RESTRICTED STOCK UNIT AWARD AGREEMENT (the &#147;<B><I>Agreement</I></B>&#148;), made as of May [&#149;], 2017 (the &#147;<B><I>Date of
Grant</I></B>&#148;), is by and between Warrior Met Coal, Inc. (the &#147;<B><I>Company</I></B>&#148;) and [NAME] (the &#147;<B><I>Participant</I></B>&#148;). </P>
<P STYLE="margin-top:24pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><U>W I T N E S S E T H</U>: </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">WHEREAS, the Company has established the Warrior Met Coal, Inc. 2017 Equity Incentive Plan (the &#147;<B><I>Plan</I></B>&#148;); and </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">WHEREAS, the Company has determined to pay the Participant a dividend on previously granted restricted shares even though such shares have not
yet vested; and </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">WHEREAS, the Participant has elected to receive such dividend in the form of restricted stock units
(&#147;<B><I>RSUs</I></B>&#148;) granted pursuant to Section&nbsp;9 of the Plan and subject to the terms and conditions set forth in this Agreement. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">NOW, THEREFORE, in consideration of the covenants and agreements herein contained, the parties hereto hereby agree as follows: </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">1. <B><U>Grant of Restricted Stock Units</U></B>. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">(a) Subject to the terms, conditions and restrictions set forth herein, the Company hereby grants to the Participant [&#149;] RSUs as of the
Date of Grant. The RSUs are granted pursuant to the Plan and will be subject to the terms of the Plan and this Agreement. Capitalized terms used but not otherwise defined in this Agreement shall have the meanings ascribed to such terms in the Plan.
</P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">(b) Subject to the terms of the Plan, including, without limitation, Section&nbsp;12 of the Plan, each RSU constitutes the right of the
Participant to receive one share of Common Stock on the Settlement Date, subject to the settlement and other terms and conditions set forth in this Agreement. The Participant acknowledges that the RSUs constitute nonqualified deferred compensation
within the meaning of Section 409A of the Code and that the Participant should consult a tax adviser with respect to this Award. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">(c) The
Company shall establish and maintain an RSU bookkeeping account for the Participant (the &#147;<B><I>Account</I></B>&#148;), and such account shall be credited with the number of RSUs granted to the Participant. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">2. <B><U>Restrictions</U></B><B>.</B> Except as provided in the Plan or this Agreement, the restrictions on the RSUs are that they will be forfeited by the
Participant and all of the Participant&#146;s rights to such RSUs shall immediately terminate without any payment or consideration by the Company, in the event of any sale, assignment, transfer, hypothecation, pledge or other alienation of such RSUs
made or attempted, whether voluntary or involuntary, and if involuntary whether by process of law in any civil or criminal suit, action or proceeding, whether in the nature of an insolvency or bankruptcy proceeding or otherwise, by the Participant
without the written consent of the Committee. </P>

<p Style='page-break-before:always'>
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">

 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">3. <B><U>Vesting; Settlement</U></B>. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">(a) The RSUs shall be fully vested on the Date of Grant. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">(b) The RSUs shall be settled on the earliest of <FONT STYLE="white-space:nowrap">(i)&nbsp;one-third</FONT> on each of the first three
anniversaries of the Date of Grant; (ii)&nbsp;a Change in Control; (iii)&nbsp;your separation from service with the Company or its affiliates; or (iv)&nbsp;death (each such date, the &#147;<B><I>Settlement Date</I></B>&#148;). On the Settlement
Date, the RSUs shall cease to be credited to the Account and the Company shall issue to the Participant one share of Common Stock for each RSU settled under this Award. </P>
<P STYLE="mar