SEC Contract Filing

Filing Date: 2016-03-02

Document Content:
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<TYPE>EX-10.1
<SEQUENCE>2
<FILENAME>d141991dex101.htm
<DESCRIPTION>EX-10.1
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 <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>RESTRICTED STOCK UNIT AWARD AGREEMENT </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>ECLIPSE RESOURCES CORPORATION </B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>2014 LONG-TERM INCENTIVE PLAN </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"><B>THIS RESTRICTED STOCK UNIT AWARD AGREEMENT</B> (this &#147;<B><I>Agreement</I></B>&#148;) evidences an award made as of the
<B>[</B>&#9679;<B></B><B>]</B> day of <B>[</B>&#9679;<B></B><B>]</B>, <B>[</B>&#9679;<B></B><B>]</B> (the &#147;<B><I>Date of Grant</I></B>&#148;), by <B>ECLIPSE RESOURCES CORPORATION</B>, a Delaware corporation (&#147;<B><I>Company</I></B>&#148;),
to <B>[</B>&#9679;<B></B><B>]</B> (&#147;<B><I>Employee</I></B>&#148;). </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">1. <B><U>Award</U></B>. Company hereby grants Employee an award
(this &#147;<B><I>Award</I></B>&#148;) of <B>[</B>&#9679;<B></B><B>] </B>Restricted Stock Units (the &#147;<B><I>Restricted Stock Units</I></B>&#148;). Each Restricted Stock Unit represents an unfunded and unsecured right to receive one share of
common stock, par value $0.01, of the Company (the &#147;<B><I>Stock</I></B>&#148;), plus an additional amount pursuant to Section&nbsp;4, subject to certain restrictions and on the terms and conditions contained in this Agreement and the Eclipse
Resources Corporation 2014 Long-Term Incentive Plan (as it may be amended from time to time, the &#147;<B><I>Plan</I></B>&#148;). A copy of the Plan is available upon request. Except as provided below, to the extent that any provision of this
Agreement conflicts with the terms of the Plan, Employee acknowledges and agrees that those terms of the Plan shall control and, if necessary, the applicable provisions of this Agreement shall be deemed amended so as to carry out the purpose and
intent of the Plan. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">2. <B><U>Definitions</U></B>. Capitalized terms used in this Agreement that are not defined below or in the body of
this Agreement shall have the meanings given to them in the Plan. In addition to the terms defined in the body of this Agreement, the following capitalized words and terms shall have the meanings indicated below: </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(a) &#147;<B><I>Cause</I></B>&#148; means &#147;Cause&#148; as defined in the employment agreement between Employee and Company, or if
&#147;Cause&#148; is not defined in such employment agreement or in the absence of such employment agreement, &#147;Cause&#148; means the occurrence of any of the following events, as reasonably determined by the Committee: (i)&nbsp;Employee&#146;s
willful or continued failure to perform his or her material duties for the Company; (ii)&nbsp;Employee&#146;s conviction of a felony, or his or her guilty plea to or entry of a <I>nolo contendere</I> plea to a felony charge; (iii)&nbsp;the willful
or grossly negligent engagement by Employee in conduct that is materially injurious to the Company, financially or otherwise; or (iv)&nbsp;Employee&#146;s breach of any material term of the Company&#146;s material written policies and material
procedures, as in effect from time to time. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(b) &#147;<B><I>Change of Control Period</I></B>&#148; means the 24-month period beginning on
the date on which occurs a Change of Control. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(c) &#147;<B><I>Disability</I></B>&#148; means &#147;Disability&#148; as defined in the
employment agreement between Employee and Company, or if &#147;Disability&#148; is not defined in such employment agreement or in the absence of such employment agreement, &#147;Disability&#148; means Employee&#146;s inability to engage in any
substantial gainful activity necessary to perform his or her duties hereunder by reason of any medically determinable physical or mental impairment which can be expected to result in death or which has lasted, or can be expected to last, for a
continuous period </P>
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<TD VALIGN="top"><FONT STYLE="font-size:8pt"><B>Performance Unit Award Agreement</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ROWSPAN="2" ALIGN="center"><B>Page </B><B>1</B><B> of </B><B>9</B></TD>
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<TD VALIGN="top" ALIGN="right"><FONT STYLE="font-size:8pt"><B>Date of Grant: [</B><B></B>&#9679;<B></B><B></B><B>]</B></FONT></TD></TR>
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<TD VALIGN="bottom">&nbsp;</TD>
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<TD VALIGN="top" ALIGN="right"><B>[</B><B>EMPLOYEE NAME</B><B>]</B></TD></TR></TABLE>

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