SEC Contract Filing

Filing Date: 2017-11-02

Document Content:
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<TYPE>EX-10.1
<SEQUENCE>2
<FILENAME>cie-ex101_89.htm
<DESCRIPTION>EX-10.1
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<p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-family:Times New Roman;font-size:11pt;">&nbsp;</p>
<p style="text-align:right;margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-family:Times New Roman;font-size:11pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Exhibit 10.1</p>
<p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-family:Times New Roman;font-size:11pt;">&nbsp;</p>
<p style="text-align:center;margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-weight:bold;color:#000000;font-size:14pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;">Cobalt International Energy, Inc.</p>
<p style="text-align:center;margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-weight:bold;color:#000000;font-size:14pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;">Retention Bonus Agreement</p>
<p style="text-align:center;margin-bottom:10pt;margin-top:0pt;text-indent:0%;font-weight:bold;color:#000000;font-size:12pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;">Personal and Confidential</p>
<p style="text-align:justify;margin-bottom:0pt;margin-top:12pt;text-indent:0%;color:#000000;font-size:12pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">August 7, 2017</p>
<p style="text-align:justify;margin-bottom:0pt;margin-top:12pt;text-indent:0%;color:#000000;font-size:12pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">[Name]</p>
<p style="text-align:justify;margin-bottom:0pt;margin-top:12pt;text-indent:0%;color:#000000;font-size:12pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Re: <font style="margin-left:36pt;">Retention Bonus</font></p>
<p style="text-align:justify;margin-bottom:0pt;margin-top:12pt;text-indent:0%;color:#000000;font-size:12pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Dear [Name]:</p>
<p style="text-align:justify;margin-bottom:0pt;margin-top:12pt;text-indent:7.62%;color:#000000;font-size:12pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">On behalf of Cobalt International Energy, Inc. (the &#8220;<font style="font-weight:bold;font-style:italic;">Company</font>&#8221;), I am pleased to offer you the opportunity to receive a retention bonus, if you agree to the terms and conditions contained in this Retention Bonus Agreement (this &#8220;<font style="font-weight:bold;font-style:italic;">Agreement</font>&#8221;), which shall be effective as of the date set forth below in Section 6 (the &#8220;<font style="font-weight:bold;font-style:italic;">Effective Date</font>&#8221;).&nbsp;&nbsp;&nbsp;&nbsp;</p>
<p style="text-align:justify;margin-bottom:0pt;margin-top:12pt;text-indent:7.62%;color:#000000;font-size:12pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">1.<font style="margin-left:36pt;"></font><font style="font-weight:bold;">Retention Bonus.</font>&nbsp;&nbsp;Subject to the terms and conditions set forth herein, you will receive a cash payment in the gross amount of [$______] (the &#8220;<font style="font-weight:bold;font-style:italic;">Retention Bonus</font>&#8221;), subject to the Company&#8217;s receipt of your countersignature on this Agreement. As a condition to the receipt of your Retention Bonus, you agree to, and hereby do, forfeit 100% of the long-term incentive equity grant made to you on February 22, 2017.</p>
<p style="text-align:justify;margin-bottom:0pt;margin-top:12pt;text-indent:7.62%;color:#000000;font-size:12pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"><a name="C14"></a>Notwithstanding the foregoing, in the event you voluntarily terminate your employment with the Company without Good Reason (defined below), or the Company terminates your employment for Cause (defined below), in either case, before the earlier of (x) the twelve-month anniversary of the Effective Date, and (y) a Change in Control (as applicable, the &#8220;<font style="font-weight:bold;font-style:italic;">Retention Date</font>&#8221;), you will be required to promptly repay to the Company (and in any event no later than ten days of such termination), an amount equal to the After-Tax Value of the Retention Bonus.&nbsp;&nbsp;The &#8220;<font style="font-weight:bold;font-style:italic;">After-Tax Value of the Retention Bonus</font><a name="C14"></a>&#8221; is equal to the Retention Bonus, reduced by all taxes the Company actually withholds therefrom.&nbsp;&nbsp;For the avoidance of doubt, in the event of death or Disability prior to the Retention Date, you (or your estate, as applicable), shall not be subject to the repayment obligations of this Agreement.&nbsp;&nbsp;For purposes of this Agreement, (i) &#8220;<font style="font-weight:bold;font-style:italic;">Change in Control</font>&#8221; means (A) the sale of all or substantially all of the assets of the Company and its subsidiaries, on a consolidated basis or (B) the direct or indirect acquisition by a person or group (whether or not acting in concert) of a majority of the outstanding stock of the Company, in either of cases (A) or (B), in one or more transactions (and regardless of the form of the transaction) under Section 363 of the United States Bankruptcy Code or pursuant to a confirmed chapter 11 plan or similar provision under the laws of any other jurisdictio