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ALON USA ENERGY, INC.
RESTRICTED STOCK AWARD AGREEMENT
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Participant:
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No. of
Restricted Shares:
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Date of Grant:
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Under the terms
and conditions of the Alon USA Energy, Inc. 2005 Incentive
Compensation Plan (the “Plan”), a copy of which is
attached hereto and incorporated herein by reference, Alon USA
Energy, Inc., a Delaware corporation (the “Company”),
grants to the individual whose name is set forth above (the
“Participant”) the number of restricted shares of the
Company’s Common Stock, par value $.01 per share
(“Common Stock”), set forth above (the
“Restricted Shares”). Terms not defined in this
Agreement have the meanings set forth in the Plan.
The Restricted
Shares may not be transferred, sold, pledged, exchanged, assigned
or otherwise encumbered or disposed of by the Participant, except
to the Company, until the Restricted Shares become vested in
accordance with the schedule set forth below. Any purported
transfer, encumbrance or other disposition of the Restricted Shares
before they become vested will be null and void, and the other
party to any such purported transaction will not obtain any rights
to or interest in the Restricted Shares.
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No. of Vested
Shares
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On and
After
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First
Anniversary of Date of Grant
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Second
Anniversary of Date of Grant
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Third
Anniversary of Date of Grant
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Notwithstanding
the vesting dates set forth above, in the event the Participant
terminates employment with the Company by reason of retirement at
or after the age of 60, disability (as determined by the Committee
in good faith) or death, the unvested Restricted Shares will
automatically become 100% vested. In the event the Participant
terminates employment with the Company for any reason other than
such retirement, d
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