SEC Info  
    Home      Search      My Interests      Help      Sign In      Please Sign In

CNX Resources Corp. – ‘10-K’ for 12/31/22 – ‘EX-10.30’

On:  Thursday, 2/9/23, at 12:07pm ET   ·   For:  12/31/22   ·   Accession #:  1070412-23-15   ·   File #:  1-14901

Previous ‘10-K’:  ‘10-K’ on 2/10/22 for 12/31/21   ·   Next & Latest:  ‘10-K’ on 2/8/24 for 12/31/23   ·   35 References:   

Find Words in Filings emoji
 
  in    Show  and   Hints

  As Of               Filer                 Filing    For·On·As Docs:Size

 2/09/23  CNX Resources Corp.               10-K       12/31/22  151:20M

Annual Report   —   Form 10-K

Filing Table of Contents

Document/Exhibit                   Description                      Pages   Size 

 1: 10-K        Annual Report                                       HTML   4.29M 
 2: EX-10.22    Material Contract                                   HTML    133K 
 3: EX-10.23    Material Contract                                   HTML     66K 
 4: EX-10.30    Material Contract                                   HTML     60K 
 5: EX-10.32    Material Contract                                   HTML     65K 
 6: EX-10.33    Material Contract                                   HTML     75K 
 7: EX-10.34    Material Contract                                   HTML     43K 
 8: EX-10.35    Material Contract                                   HTML     64K 
 9: EX-21       Subsidiaries List                                   HTML     40K 
10: EX-23.1     Consent of Expert or Counsel                        HTML     38K 
11: EX-23.2     Consent of Expert or Counsel                        HTML     40K 
16: EX-99.1     Miscellaneous Exhibit                               HTML     73K 
12: EX-31.1     Certification -- §302 - SOA'02                      HTML     43K 
13: EX-31.2     Certification -- §302 - SOA'02                      HTML     43K 
14: EX-32.1     Certification -- §906 - SOA'02                      HTML     40K 
15: EX-32.2     Certification -- §906 - SOA'02                      HTML     39K 
22: R1          Cover Page                                          HTML    109K 
23: R2          Audit Information                                   HTML     43K 
24: R3          Consolidated Statements of Income                   HTML    152K 
25: R4          Consolidated Statement of Comprehensive Income      HTML     65K 
26: R5          Consolidated Statement of Comprehensive Income      HTML     43K 
                (Parentheticals)                                                 
27: R6          Consolidated Balance Sheets                         HTML    173K 
28: R7          Consolidated Balance Sheets (Parentheticals)        HTML     53K 
29: R8          Consolidated Statements of Stockholders' Equity     HTML    108K 
30: R9          Consolidated Statements of Cash Flows               HTML    160K 
31: R10         Significant Accounting Policies                     HTML    106K 
32: R11         Earnings Per Share                                  HTML     90K 
33: R12         Revenue From Contracts With Customers               HTML     69K 
34: R13         Acquisitions and Dispositions                       HTML     44K 
35: R14         Stock Repurchase                                    HTML     41K 
36: R15         Income Taxes                                        HTML    139K 
37: R16         Asset Retirement Obligations                        HTML     50K 
38: R17         Property, Plant and Equipment                       HTML     58K 
39: R18         Goodwill and Other Intangible Assets                HTML     55K 
40: R19         Revolving Credit Facilities                         HTML     48K 
41: R20         Other Accrued Liabilities                           HTML     54K 
42: R21         Long-Term Debt                                      HTML     97K 
43: R22         Leases                                              HTML    169K 
44: R23         Pension                                             HTML    109K 
45: R24         Stock-Based Compensation                            HTML     94K 
46: R25         Supplemental Cash Flow Information                  HTML     47K 
47: R26         Concentration of Credit Risk and Major Customers    HTML     49K 
48: R27         Fair Value of Financial Instruments                 HTML     66K 
49: R28         Derivative Instruments                              HTML    108K 
50: R29         Commitments and Contingent Liabilities              HTML     80K 
51: R30         Segment Information                                 HTML    159K 
52: R31         Supplemental Gas Data (Unaudited)                   HTML    234K 
53: R32         Schedule II - Valuation and Qualifying Accounts     HTML     86K 
54: R33         Significant Accounting Policies (Policies)          HTML    133K 
55: R34         Significant Accounting Policies (Tables)            HTML     92K 
56: R35         Earnings Per Share (Tables)                         HTML     95K 
57: R36         Revenue From Contracts With Customers (Tables)      HTML     56K 
58: R37         Income Taxes (Tables)                               HTML    134K 
59: R38         Asset Retirement Obligations (Tables)               HTML     50K 
60: R39         Property, Plant and Equipment (Tables)              HTML     62K 
61: R40         Goodwill and Other Intangible Assets (Tables)       HTML     46K 
62: R41         Other Accrued Liabilities (Tables)                  HTML     54K 
63: R42         Long-Term Debt (Tables)                             HTML     81K 
64: R43         Leases (Tables)                                     HTML    119K 
65: R44         Pension (Tables)                                    HTML    114K 
66: R45         Stock-Based Compensation (Tables)                   HTML     90K 
67: R46         Supplemental Cash Flow Information (Tables)         HTML     46K 
68: R47         Concentration of Credit Risk and Major Customers -  HTML     48K 
                (Tables)                                                         
69: R48         Fair Value of Financial Instruments (Tables)        HTML     63K 
70: R49         Derivative Instruments (Tables)                     HTML    131K 
71: R50         Commitments and Contingent Liabilities (Tables)     HTML     75K 
72: R51         Segment Information (Tables)                        HTML    157K 
73: R52         Supplemental Gas Data (Unaudited) (Tables)          HTML    179K 
74: R53         Significant Accounting Policies - Basis of          HTML     44K 
                Consolidation (Details)                                          
75: R54         Significant Accounting Policies - Schedule of Cash  HTML     51K 
                and Restricted Cash (Details)                                    
76: R55         Significant Accounting Policies - Trade Accounts    HTML     51K 
                Receivable and Allowance for Credit Losses                       
                (Details)                                                        
77: R56         Significant Accounting Policies - Property, Plant   HTML     59K 
                and Equipment (Details)                                          
78: R57         Significant Accounting Policies - Impairment of     HTML     45K 
                Proved and Unproved Properties (Details)                         
79: R58         Significant Accounting Policies - Impairment of     HTML     50K 
                Goodwill and Definite-Lived Intangible Assets                    
                (Details)                                                        
80: R59         Significant Accounting Policies - Investment Plan   HTML     50K 
                (Details)                                                        
81: R60         Earnings Per Share - Narrative (Details)            HTML     45K 
82: R61         Earnings Per Share - Anti-Dilutive Options and      HTML     49K 
                Units Excluded from Earnings Per Share (Details)                 
83: R62         Earnings Per Share - Computation of Basic and       HTML     89K 
                Diluted (Loss) (Details)                                         
84: R63         Earnings Per Share - Shares of Common Stock         HTML     52K 
                Outstanding (Details)                                            
85: R64         Revenue From Contracts With Customers - Narrative   HTML     39K 
                (Details)                                                        
86: R65         Revenue From Contracts With Customers -             HTML     67K 
                Disaggregation of Revenue (Details)                              
87: R66         Revenue From Contracts With Customers -             HTML     47K 
                Performance Obligation (Details)                                 
88: R67         Acquisitions and Dispositions - Narrative           HTML     61K 
                (Details)                                                        
89: R68         Stock Repurchase (Details)                          HTML     50K 
90: R69         Income Taxes - Income Tax Benefits (Details)        HTML     62K 
91: R70         Income Taxes - Net Deferred Tax Assets/Liabilities  HTML     92K 
                (Details)                                                        
92: R71         Income Taxes - Narrative (Details)                  HTML     71K 
93: R72         Income Taxes - Effective Tax Rate Reconciliation    HTML     93K 
                (Details)                                                        
94: R73         Income Taxes - Reconciliation of Unrecognized Tax   HTML     45K 
                Benefits (Details)                                               
95: R74         Asset Retirement Obligations (Details)              HTML     52K 
96: R75         Property, Plant and Equipment - Summary (Details)   HTML     59K 
97: R76         Property, Plant and Equipment - Assets Amortized    HTML     48K 
                by Units of Production (Details)                                 
98: R77         Goodwill and Other Intangible Assets - Narrative    HTML     83K 
                (Details)                                                        
99: R78         Goodwill and Other Intangible Assets - Carrying     HTML     45K 
                Amount and Accumulated Amortization of Intangible                
                Assets (Details)                                                 
100: R79         Revolving Credit Facilities (Details)               HTML    112K  
101: R80         Other Accrued Liabilities (Details)                 HTML     67K  
102: R81         Long-Term Debt - Schedule of Long-Term Debt         HTML     77K  
                (Details)                                                        
103: R82         Long-Term Debt - Maturities of Long-Term Debt       HTML     58K  
                (Details)                                                        
104: R83         Long-Term Debt - Narrative (Details)                HTML    171K  
105: R84         Long-Term Debt - Schedule of Convertible Debt       HTML     58K  
                (Details)                                                        
106: R85         Long-Term Debt - Schedule of Interest (Details)     HTML     52K  
107: R86         Leases - Narrative (Details)                        HTML     48K  
108: R87         Leases - Components of Lease Cost (Details)         HTML     54K  
109: R88         Leases - Balance Sheet Information (Details)        HTML     63K  
                (Details)                                                        
110: R89         Leases - Supplemental Cash Flow Information         HTML     52K  
                (Details)                                                        
111: R90         Leases - Maturity of Lease Liability (Details)      HTML     79K  
112: R91         Leases - Terms and Discount Rates (Details)         HTML     47K  
113: R92         Pension - Reconciliation of Changed in Benefit      HTML     93K  
                Obligations, Plan Assets, and Funded Status of                   
                Pension Benefits (Details)                                       
114: R93         Pension - Components of Net Periodic Benefit Cost   HTML     61K  
                (Details)                                                        
115: R94         Pension - Accumulated Benefit Obligation in Excess  HTML     46K  
                of Plan Assets (Details)                                         
116: R95         Pension - Weighted Average Assumptions (Details)    HTML     54K  
117: R96         Pension - Expected Future Benefit Payment           HTML     50K  
                (Details)                                                        
118: R97         Stock-Based Compensation - Narrative (Details)      HTML    106K  
119: R98         Stock-Based Compensation - Options Granted,         HTML     56K  
                Assumptions and Weighted Average Fair Value                      
                (Details)                                                        
120: R99         Stock-Based Compensation - Stock and Performance    HTML     79K  
                Options Rollforward (Details)                                    
121: R100        Stock-Based Compensation - Restricted and           HTML     69K  
                Performance Stock Unit Rollforward (Details)                     
122: R101        Supplemental Cash Flow Information (Details)        HTML     48K  
123: R102        Concentration of Credit Risk and Major Customers -  HTML     55K  
                Summary (Details)                                                
124: R103        Concentration of Credit Risk and Major Customers -  HTML     56K  
                Narrative (Details)                                              
125: R104        Fair Value of Financial Instruments - Financial     HTML     54K  
                Instruments Measured at Fair Value on a Recurring                
                Basis (Details)                                                  
126: R105        Fair Value of Financial Instruments - Fair Value    HTML     51K  
                Disclosures (Details)                                            
127: R106        Derivative Instruments - Narrative (Details)        HTML     61K  
128: R107        Derivative Instruments - Notional Amounts of        HTML     46K  
                Derivative Instruments (Details)                                 
129: R108        Derivative Instruments - Fair Value of Derivative   HTML     57K  
                Instruments (Details)                                            
130: R109        Derivative Instruments - Effect of Derivative       HTML     59K  
                Instrument on Statement of Income (Details)                      
131: R110        Commitments and Contingent Liabilities - Narrative  HTML     42K  
                (Details)                                                        
132: R111        Commitments and Contingent Liabilities - Maximum    HTML     95K  
                Potential Total of Future Payments Under                         
                Commitment Instruments (Details)                                 
133: R112        Commitments and Contingent Liabilities -            HTML     51K  
                Unrecorded Unconditional Purchase Obligation                     
                (Details)                                                        
134: R113        Segment Information - Industry Segment Results      HTML    128K  
                (Details)                                                        
135: R114        Segment Information - Reconciliation of Segment     HTML     58K  
                Information, Revenue and Other Income (Details)                  
136: R115        Supplemental Gas Data (unaudited) - Capitalized     HTML     57K  
                Costs (Details)                                                  
137: R116        Supplemental Gas Data (unaudited) - Costs Incurred  HTML     51K  
                for Property Acquisition, Exploration and                        
                Development (Details)                                            
138: R117        Supplemental Gas Data (unaudited) - Results of      HTML     72K  
                Operations (Details)                                             
139: R118        Supplemental Gas Data (unaudited) - Average Unit    HTML     50K  
                Prices and Average Production Costs (Details)                    
140: R119        Supplemental Gas Data (unaudited) - Narrative       HTML     59K  
                (Details)                                                        
141: R120        Supplemental Gas Data (unaudited) - Producing       HTML     69K  
                Wells, Developed Acreage and Undeveloped Acreage                 
                (Details)                                                        
142: R121        Supplemental Gas Data (unaudited) - Proved          HTML    136K  
                Undeveloped Reserves (Details)                                   
143: R122        Supplemental Gas Data (unaudited) - Capitalized     HTML     48K  
                Exploratory Well Cost Activity (Details)                         
144: R123        Supplemental Gas Data (unaudited) - Future Cash     HTML     83K  
                Flow of Proved Reserves (Details)                                
145: R124        Supplemental Gas Data (unaudited) - Change in       HTML     71K  
                Standardized Measure of Discounted Future Net Cash               
                Flows (Details)                                                  
146: R125        Schedule II - Valuation and Qualifying Accounts     HTML     59K  
                (Details)                                                        
149: XML         IDEA XML File -- Filing Summary                      XML    273K  
147: XML         XBRL Instance -- cnx-20221231_htm                    XML   4.87M  
148: EXCEL       IDEA Workbook of Financial Reports                  XLSX    296K  
18: EX-101.CAL  XBRL Calculations -- cnx-20221231_cal                XML    432K 
19: EX-101.DEF  XBRL Definitions -- cnx-20221231_def                 XML   1.28M 
20: EX-101.LAB  XBRL Labels -- cnx-20221231_lab                      XML   3.27M 
21: EX-101.PRE  XBRL Presentations -- cnx-20221231_pre               XML   1.97M 
17: EX-101.SCH  XBRL Schema -- cnx-20221231                          XSD    314K 
150: JSON        XBRL Instance as JSON Data -- MetaLinks              811±  1.26M  
151: ZIP         XBRL Zipped Folder -- 0001070412-23-000015-xbrl      Zip   1.18M  


‘EX-10.30’   —   Material Contract


This Exhibit is an HTML Document rendered as filed.  [ Alternative Formats ]



 <!   C:   C: 
  Document  

CNX Resources Corporation
Amended and Restated Equity and Incentive Compensation Plan
Cover Sheet to
Non-Qualified Stock Option Agreement
CNX Resources Corporation hereby grants an option to purchase shares of its common stock to the Optionee named below. The terms and conditions of the option are set forth in this cover sheet and in the attached Non-Qualified Stock Option Agreement (together, the “Agreement”) and in the CNX Resources Corporation Amended and Restated Equity and Incentive Compensation Plan (the “Plan”), the terms of which are incorporated herein by reference. To the extent the terms and conditions set forth in the Agreement differ in any way from the terms set forth in the Plan, the terms of the Plan shall govern.
Date of Option Grant                        : May [5], 2023
Name of Optionee                        : [_________]
No. of Shares of Common Stock Covered by Option        : [____]
Exercise Price Per Share                    : $[____]
Vesting Start Date                        : May [5], 2023
By signing this cover sheet, you agree to all of the terms and conditions of the Agreement and the Plan, a copy of which may be obtained from Human Resources.
Optionee Signature:             _________________________________
CNX Resources Corporation:        _________________________________
Nicholas J. DeIuliis
President and Chief Executive Officer




CNX RESOURCES CORPORATION
NON-EMPLOYEE DIRECTOR NON-QUALIFIED STOCK OPTION AGREEMENT
1.Non-Qualified Stock Option. The Option granted is intended to be a Non-Qualified Stock Option and not an Incentive Stock Option under Section 422 of the Code. Capitalized terms not otherwise defined herein shall have the meaning ascribed to them in the CNX Resources Corporation Amended and Restated Equity and Incentive Compensation Plan (the “Plan”), or the cover sheet to which this Agreement is attached.
2.Vesting. Subject to Section 4 hereof, the entire Option shall vest and become exercisable upon the earlier to occur of: (i) the one-year anniversary of the Date of Option Grant or (ii) the date of the next regular annual meeting of the Company’s shareholders which occurs after the Date of Option Grant. For purposes of this Agreement, the term “Vested Portion” of the Option means that portion which: (i) shall have become vested and exercisable pursuant to the terms of this Agreement; (ii) shall not have been previously exercised; and (iii) shall not have expired, been forfeited or otherwise canceled in accordance with the terms hereof or the Plan. For purposes of this Agreement, the term “Non-Vested Portion” of the Option means that portion of the Option that is not vested or exercisable and which has not otherwise expired, been forfeited or canceled in accordance with the terms of the Plan or hereof.
3.Exercise of Option.
(a)Subject to the provisions of the Plan and this Agreement (including Section 4 hereof), the Optionee may exercise all or any part of the Vested Portion of the Option at any time prior to the tenth (10th) anniversary of the Date of Option Grant (the “Expiration Date”); provided that the Option may be exercised with respect to whole Shares only. In no event shall the Option be exercisable on or after the Expiration Date.
(b)To the extent set forth in subparagraph (a) above, the Option may be exercised by delivering to the Company at its principal office, or to such other location designated by the Company, written notice of intent to exercise. Such notice shall specify the number of Shares for which the Option is being exercised. The aggregate Exercise Price per Share (“Exercise Price”) shall be paid to the Company by the Company mandatorily withholding a sufficient number of Shares relating to the Option with a Fair Market Value on the date of exercise equal to the Exercise Price.
(c)Notwithstanding any other provision of the Plan or this Agreement to the contrary, no Option may be exercised prior to the completion of any registration or qualification of such Option or the Shares under applicable state and federal securities or other laws, or under any ruling or regulation of any government body or national securities exchange, that the Board shall in its sole discretion determine to be necessary or advisable.
(d)Upon the Company’s determination that the Option has been validly exercised as to any of the Shares, the Company shall issue or cause to be issued as promptly as practicable certificates in the Optionee’s name for such Shares. However, the Company shall not be liable to the Optionee for damages relating to any delays in issuing the certificates or in the certificates themselves.
4.Change in Optionee’s Status.
(a)Except as otherwise provided herein, in the event that the Optionee Separates from Service on account of death or Disability, any Non-Vested Portion shall immediately vest and become exercisable, and shall remain exercisable until the Expiration Date.
(b)In the event that the Optionee Separates from Service for any other reason, other than for Cause, (i) any Non-Vested Portion shall be forfeited and canceled as of the date of such Separation from Service and (ii) any Vested Portion shall remain exercisable until the Expiration Date.
2


(c)In the event that the Optionee Separates from Service for Cause, all Options shall immediately be forfeited and canceled as of the date of such Separation from Service.
5.Change in Control. Upon a Change in Control prior to the Optionee’s Separation from Service, any Non-Vested Portion shall vest and, unless otherwise provided by separate agreement between the Company and the Optionee or pursuant to Section 12 of the Plan, the Option shall remain exercisable until the Expiration Date. Unless otherwise provided by separate agreement between the Company and the Optionee, in the event that any benefits under this Agreement, either alone or together with any other payments or benefits otherwise owed to the Optionee by the Company on or after a Change in Control would, in the Company’s good faith opinion, be deemed under Section 280G of the Code, or any successor provision, to be parachute payments, the benefits under this Agreement shall be reduced to the extent necessary in the Company’s good faith opinion so that no portion of the benefits provided herein shall be considered excess parachute payments under Section 280G of the Code or any successor provision. The Company’s good faith opinion shall be conclusive and binding upon the Optionee.
6.No Right to Continued Service; Rights as a Shareholder. Neither the Plan nor this Agreement shall confer on the Optionee any right to remain in continued service with the Company (including any Affiliate). The Optionee shall not have any rights as a shareholder with respect to any Shares subject to the Option prior to the date of exercise of the Option.
7.Transferability.
(a)The Option is nontransferable and any interest in the Option or the underlying Shares may not be assigned, alienated, pledged, attached, sold or otherwise transferred or encumbered by the Optionee, except by will or the laws of descent and distribution. The Optionee may not pledge or otherwise hedge the sale of the Shares, including (without limitation) any short sale, put or call option or any other instrument tied to the value of those Shares. No transfer of the Option shall be effective to bind the Company unless the Company shall have been furnished with written notice thereof and a copy of such evidence as the Board may deem necessary to establish the validity of the transfer and the acceptance by the transferee of the terms and conditions hereof.
(b)The Shares issued to the Optionee following the vesting and exercise of the Option will be registered under the federal securities laws. Sales and other transfers of those Shares will be subject to: (i) the terms and conditions of the Plan, (ii) any market black-out periods the Company may impose from time to time, (iii) the requirements of the Company’s insider trading policies, and (iv) applicable securities laws.
8.Taxes. If applicable, the Optionee agrees to make appropriate arrangements with the Company for the satisfaction of any applicable federal, state, local or foreign tax withholding requirements or like requirements.
9.Confidential Information and Trade Secrets. The Optionee and the Company agree that certain materials, including, but not limited to, information, data and other materials relating to customers, development programs, costs, marketing, trading, investment, sales activities, promotion, credit and financial data, manufacturing processes, financing methods, plans or the business and affairs of the Company and its Affiliates, constitute proprietary confidential information and trade secrets. Accordingly, the Optionee will not, at any time during or after the Optionee’s service with the Company and its Affiliates, disclose or use for the Optionee’s own benefit or purposes or the benefit or purposes of any other person, firm, partnership, joint venture, association, corporation or other business organization, entity or enterprise other than the Company and any of its Affiliates, any proprietary confidential information or trade secrets, provided that the foregoing shall not apply to information which is not unique to the Company or any of its Affiliates or which is generally known to the industry or the public other than as a result of the Optionee’s breach of this covenant. The Optionee agrees that upon his or her Separation from Service for any reason, the Optionee will immediately return to the Company all memoranda, books, papers, plans, information, letters and other data, and all copies thereof or therefrom, which in any way relate to the business of the Company and its Affiliates, except that the Optionee may retain personal notes, notebooks and diaries. The Optionee further agrees that the Optionee will not retain
3


or use for the Optionee’s account at any time any trade names, trademark or other proprietary business designation used or owned in connection with the business of the Company or any of its Affiliates. Notwithstanding anything contained herein to the contrary, this Agreement shall not prohibit disclosure of proprietary confidential information if (i) it is required by law or by a court of competent jurisdiction or (ii) it is in connection with any judicial, arbitration, dispute resolution or other legal proceeding in which the Optionee’s legal rights and obligations as a director or under this Agreement are at issue; provided, however, that the Optionee shall, to the extent practicable and lawful in any such event, give prior notice to the Company of the Optionee’s intent to disclose proprietary confidential information so as to allow the Company an opportunity (which the Optionee shall not oppose) to obtain such protective orders or similar relief with respect thereto as may be deemed appropriate.
Notwithstanding the foregoing, nothing in this Agreement restricts or prohibits the Optionee from reporting possible violations of law or regulation to any governmental agency or entity, including, but not limited to, the Department of Justice, the Securities and Exchange Commission, the Congress, and any agency Inspector General, or from making other disclosures that are protected under state or federal law or regulation.  The Optionee does not need the prior authorization of the Company to make such reports or disclosures. The Optionee is not required to notify the Company if he or she has made any such reports or disclosures. The Company nonetheless asserts, and does not waive, its attorney-client privilege over any information appropriately protected by the privilege.
10.Remedies. The Optionee acknowledges that a violation or attempted violation on the Optionee’s part of Section 9 of this Agreement will cause irreparable damage to the Company and its Affiliates, and the Optionee therefore agrees that the Company and its Affiliates shall be entitled as a matter of right to an injunction, out of any court of competent jurisdiction, restraining any violation or further violation of such promises by the Optionee or the Optionee’s employees, partners or agents. The Optionee agrees that such right to an injunction is cumulative and in addition to whatever other remedies the Company (including any Affiliate) may have under law or equity.
11.Failure to Enforce Not a Waiver. The failure of the Company to enforce at any time any provision of this Agreement shall in no way be construed to be a waiver of such provision or of any other provision hereof.
12.Legends. The Company may at any time place legends referencing the provisions of this Agreement, and any applicable federal or state securities law restrictions on all certificates, if any, representing the Shares acquired pursuant to the exercise of the Option.
13.Governing Law. This Agreement shall be governed by and construed in accordance with the laws of the State of Delaware, without regard to the conflicts of laws provisions thereof.
14.Amendments. This Agreement may be amended or modified at any time by an instrument in writing signed by the parties hereto, or as otherwise provided under the Plan. Notwithstanding, the Company may, in its sole discretion and without the Optionee’s consent, modify or amend the terms and conditions of this Award, impose conditions on the timing and exercise of the Option, or take any other action it deems necessary or advisable, to cause this Award to be excepted from Section 409A (or to comply therewith to the extent the Company determines it is not excepted).
15.Section 409A. This Option is intended to be excepted from coverage under Section 409A of the Code and shall be interpreted and construed accordingly. Notwithstanding, the Optionee recognizes and acknowledges that Section 409A may impose upon the Optionee certain taxes or interest charges for which the Optionee is, and shall remain, solely responsible.
16.Notices. Any notice, request, instruction or other document given under this Agreement shall be in writing and shall be addressed and delivered, in the case of the Company, to the Corporate Secretary of the Company at the principal office of the Company and, in the case of the Optionee, to the Optionee’s address as shown in the records of the Company or to such other address as may be designated in writing by either party.
4


17.Awards Subject to Plan. This Award is subject to the Plan. The terms and provisions of the Plan as it may be amended from time to time are hereby incorporated herein by reference.
18.Clawback. Notwithstanding any provisions in this Agreement to the contrary, any compensation, payments, or benefits provided hereunder (or profits realized from the sale of Shares delivered hereunder), whether in the form of cash or otherwise, shall be subject to recoupment and recapture to the extent necessary to comply with the requirements of any Company-adopted policy and/or laws or regulations, including, but not limited to, the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010, the Exchange Act, Section 304 of the Sarbanes Oxley Act of 2002, the New York Stock Exchange Listed Company Manual or any rules or regulations promulgated thereunder with respect to such laws, regulations and/or securities exchange listing requirements, as may be in effect from time to time, and which may operate to create additional rights for the Company with respect to this grant and recovery of amounts relating thereto.  By accepting this grant of an Option, the Optionee agrees and acknowledges that he or she is obligated to cooperate with, and provide any and all assistance necessary to, the Company to recover, recoup or recapture this grant of an Option or amounts paid under the Plan pursuant to such law, government regulation, stock exchange listing requirement or Company policy. Such cooperation and assistance shall include, but is not limited to, executing, completing and submitting any documentation necessary to recover, recoup or recapture this grant of an Option or amounts paid under the Plan from the Optionee’s accounts, or pending or future compensation or other grants.
19.Entire Agreement. This Agreement, the cover sheet, and the Plan are intended to be the final, complete, and exclusive statement of the terms of the agreement between the Optionee and the Company with regard to the subject matter of this Agreement. This Agreement, the cover sheet, and the Plan supersede all other prior agreements, communications, and statements, whether written or oral, express or implied, pertaining to that subject matter. This Agreement, the cover sheet, and the Plan may not be contradicted by evidence of any prior or contemporaneous statements or agreements, oral or written, and may not be explained or supplemented by evidence of consistent additional terms.
20.Prospectus. A prospectus summarizing the principal features of that Plan has been prepared and is attached hereto as Exhibit A; additional copies of the prospectus are available upon request from the Corporate Secretary at the Company’s executive offices at 1000 Horizon Vue Drive, Canonsburg, Pennsylvania 15317.
By signing the cover sheet of this Agreement, the Optionee agrees to all of the terms and conditions described above and in the Plan.
Attachment:
Exhibit A –Prospectus for the CNX Resources Corporation Amended and Restated Equity and Incentive Compensation Plan


5


EXHIBIT A
PROSPECTUS RELATING TO
CNX RESOURCES CORPORATION
AMENDED AND RESTATED EQUITY AND INCENTIVE COMPENSATION PLAN

6

Dates Referenced Herein   and   Documents Incorporated by Reference

This ‘10-K’ Filing    Date    Other Filings
Filed on:2/9/23SC 13G/A
For Period end:12/31/22
 List all Filings 


2 Subsequent Filings that Reference this Filing

  As Of               Filer                 Filing    For·On·As Docs:Size             Issuer                      Filing Agent

 2/08/24  CNX Resources Corp.               10-K       12/31/23  146:17M
 4/13/23  Seventh Generation Interfaith Inc PX14A6G     4/13/23    1:66K  CNX Resources Corp.               Securex Filings/FA


33 Previous Filings that this Filing References

  As Of               Filer                 Filing    For·On·As Docs:Size             Issuer                      Filing Agent

 9/26/22  CNX Resources Corp.               8-K:1,2,7,9 9/26/22   14:1M                                     Donnelley … Solutions/FA
 9/13/22  CNX Resources Corp.               8-K:1,7,9   9/12/22   13:489K                                   Donnelley … Solutions/FA
 7/28/22  CNX Resources Corp.               10-Q        6/30/22   86:13M
 2/10/22  CNX Resources Corp.               10-K       12/31/21  152:21M
10/07/21  CNX Resources Corp.               8-K:1,2,9  10/06/21   13:2.9M                                   Donnelley … Solutions/FA
 9/22/21  CNX Resources Corp.               8-K:1,9     9/22/21   12:1M                                     Donnelley … Solutions/FA
 9/16/21  CNX Resources Corp.               8-K:1,7,9   9/15/21   13:469K                                   Donnelley … Solutions/FA
 4/29/21  CNX Resources Corp.               10-Q        3/31/21   88:8.9M
 2/09/21  CNX Resources Corp.               10-K       12/31/20  160:21M
11/30/20  CNX Resources Corp.               8-K:1,2,7,911/30/20   13:1M                                     Donnelley … Solutions/FA
11/25/20  CNX Resources Corp.               8-K:1,7,9  11/24/20   14:485K                                   Donnelley … Solutions/FA
 9/28/20  CNX Resources Corp.               S-8         9/28/20    5:98K                                    Donnelley … Solutions/FA
 9/09/20  CNX Resources Corp.               8-K:1,7,9   9/08/20   14:467K                                   Donnelley … Solutions/FA
 7/27/20  CNX Resources Corp.               8-K:1,7,9   7/26/20   15:15M                                    Donnelley … Solutions/FA
 5/07/20  CNX Resources Corp.               8-K:5,9     5/06/20   12:445K                                   Labrador Co./FA
 5/04/20  CNX Resources Corp.               8-K:1,2,3,7 4/28/20   18:1.7M                                   Donnelley … Solutions/FA
 2/10/20  CNX Resources Corp.               10-K       12/31/19  167:25M
 1/30/20  CNX Resources Corp.               8-K:1,9     1/29/20   12:896K                                   Donnelley … Solutions/FA
10/29/19  CNX Resources Corp.               10-Q        9/30/19  105:14M
 7/30/19  CNX Resources Corp.               10-Q        6/30/19  103:14M
 4/10/19  CNX Resources Corp.               8-K:5,9     4/06/19    2:210K
 3/14/19  CNX Resources Corp.               8-K:1,2,7,9 3/14/19    4:723K                                   Donnelley … Solutions/FA
 8/02/18  CNX Resources Corp.               10-Q        6/30/18  103:11M
 2/07/18  CNX Resources Corp.               10-K       12/31/17  134:20M
12/04/17  CNX Resources Corp.               8-K:1,2,5,911/28/17   15:5.7M                                   Donnelley … Solutions/FA
 7/29/16  CNX Resources Corp.               10-Q        6/30/16   92:16M
 8/12/14  CNX Resources Corp.               8-K:1,2,7,9 8/12/14    3:144K                                   Donnelley … Solutions/FA
 5/06/14  CNX Resources Corp.               10-Q        3/31/14   99:18M
 4/16/14  CNX Resources Corp.               8-K:1,2,7,9 4/10/14    5:1M                                     Donnelley … Solutions/FA
 6/26/09  CNX Resources Corp.               S-4/A                  9:991K                                   Donnelley … Solutions/FA
 2/17/09  CNX Resources Corp.               10-K       12/31/08   21:4.2M                                   Donnelley … Solutions/FA
 8/24/07  CNX Resources Corp.               8-K:5,9     8/24/07    2:22K                                    Donnelley … Solutions/FA
 5/08/06  CNX Resources Corp.               8-K:1,5,7,9 5/02/06    6:275K                                   Donnelley … Solutions/FA
Top
Filing Submission 0001070412-23-000015   –   Alternative Formats (Word / Rich Text, HTML, Plain Text, et al.)

Copyright © 2024 Fran Finnegan & Company LLC – All Rights Reserved.
AboutPrivacyRedactionsHelp — Mon., May 13, 3:13:26.3am ET