SEC Contract Filing

Filing Date: 2019-11-07

Document Content:
<DOCUMENT>
<TYPE>EX-10.01
<SEQUENCE>3
<FILENAME>eeex100120190930q3.htm
<DESCRIPTION>EXHIBIT 10.01 RESTRICTED STOCK AWARD AGREEMENT
<TEXT>
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<div><a name="s6bc6da25b5e645ee9925810c67899ed7"></a></div><div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></div><div><br></div><div style="line-height:120%;text-align:right;font-size:12pt;"><font style="font-family:Arial;font-size:12pt;font-weight:bold;">EXHIBIT 10.01</font></div><div style="line-height:120%;text-align:center;font-size:12pt;"><font style="font-family:Arial;font-size:12pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:12pt;"><font style="font-family:Arial;font-size:12pt;font-weight:bold;">EL PASO ELECTRIC COMPANY</font></div><div style="line-height:120%;text-align:center;font-size:12pt;"><font style="font-family:Arial;font-size:12pt;font-weight:bold;">AMENDED AND RESTATED 2007 LONG-TERM INCENTIVE PLAN</font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:12pt;"><font style="font-family:Arial;font-size:12pt;font-weight:bold;">RESTRICTED STOCK AWARD AGREEMENT</font></div><div style="line-height:120%;text-align:center;font-size:12pt;"><font style="font-family:Arial;font-size:12pt;font-weight:bold;">(FOR EMPLOYEES; HARD COPY ACCEPTANCE)</font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:justify;text-indent:96px;font-size:12pt;"><font style="font-family:Arial;font-size:12pt;">El Paso Electric Company, a Texas corporation (the "Company"), has granted to the Participant, under the El&#160;Paso Electric Company Amended and Restated 2007 Long-Term Incentive Plan (the &#8220;Plan&#8221;), a restricted stock award (the "Award") of a number of Shares, upon and subject to the restrictions, terms and conditions set forth below. Capitalized terms not defined herein shall have the meanings specified in the Plan. </font></div><div style="line-height:120%;text-align:justify;text-indent:96px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:justify;text-indent:96px;font-size:12pt;"><font style="font-family:Arial;font-size:12pt;">1. </font><font style="font-family:Arial;font-size:12pt;text-decoration:underline;">Award; Vest Date; Acceptance of Award Agreement</font><font style="font-family:Arial;font-size:12pt;">. </font></div><div style="line-height:120%;text-align:justify;text-indent:96px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:justify;text-indent:96px;font-size:12pt;"><font style="font-family:Arial;font-size:12pt;">(a)</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:Arial;font-size:12pt;">This Award covers 27,624 Shares granted to Mary&#160;E.&#160;Kipp (the &#8220;Participant&#8221;) as of July 31, 2019 (the &#8220;Award Date&#8221;). Subject to the Participant&#8217;s compliance with the terms and conditions of that certain Separation Agreement between the Company and the Participant, dated as of July 1, 2019, the Shares will vest immediately prior to the closing of the merger (the &#8220;Merger&#8221;) contemplated by that certain Agreement and Plan of Merger, by and among Sun Jupiter Holdings LLC (&#8220;Jupiter&#8221;), the Company and Sun Merger Sub Inc., a wholly-owned subsidiary of Jupiter, entered into on June 1, 2019 (as it may be amended from time to time, the &#8220;Merger Agreement&#8221;). The date on which this vesting occurs is the Vest Date. In the event the Merger Agreement is terminated without the closing of the Merger, the Restricted Stock Award will be forfeited, and there will be no Vest Date.</font></div><div style="line-height:120%;text-align:justify;text-indent:96px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:justify;text-indent:96px;font-size:12pt;"><font style="font-family:Arial;font-size:12pt;">(b)</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:Arial;font-size:12pt;">The Award shall be null and void unless the Participant shall accept this Award Agreement by executing it in the space provided below and returning it to the Company. As soon as practicable after the Participant has executed this Award Agreement, shares will be allocated to the Participant's account in book&#8209;entry form in a manner that effectively prevents transfers during the Restriction Period (as defined below).</font></div><div style="line-height:120%;text-align:justify;text-indent:96px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:justify;text-indent:96px;font-size:12pt;"><font style="font-family:Arial;font-size:12pt;">2. </font><font style="font-family:Arial;font-size:12pt;text-decoration:underline;">Rights as a Shareholder</font><font style="font-family:Arial;font-size:12pt;">. The Participant shall have the right to vote the Shares subject to the Award and to receive dividends and other distributions thereon; provided, however, that a dividend or other distribution with respect to Shares (including, without limitation, a stock dividend or