Exhibit 10.3
PARTICIPANT AWARD
AGREEMENT
[Date]
[Name]
[Address]
[City, State and Zip Code]
Dear [Name] :
Pursuant to the terms and conditions of the 2009
Long-Term Incentive Plan (the “Plan”), the Compensation
Committee of the Board of Directors of EQT Corporation (the
“Company”) granted you a Restricted Stock Award (the
“Award”) for restricted shares of the Company’s
common stock as outlined below.
Shares Granted:
Grant Date:
Vesting Schedule:
You are entitled to vote the restricted
shares. Any dividends issued with respect to such shares
during the restricted period shall be invested in additional shares
of common stock and added to the original shares, subject to the
same restrictions as the shares originally awarded. Restricted
shares may not be sold, transferred, exchanged, assigned, pledged,
hypothecated or otherwise encumbered until the restricted period
for such shares has expired.
In the event of a Change of Control (as defined
in the Plan), all shares, including reinvested dividend shares,
will immediately vest without restriction. In the event of
termination of your employment for any reason prior to [day of 100%
vesting], including retirement, all unvested restricted shares,
including unvested reinvested dividend shares, shall be forfeited,
except that, if your termination is involuntary and without fault
on your part (including termination resulting from death or
disabili
