展品 10.39
HF SINCLAIR CORPORATION
修訂並重新制定2020年開多期激勵計劃
限制性股票單位協議
限制性股票單位協議
(非僱員董事獎)
本協議於受限股票單位授予通知書中規定的授予日期簽訂期權授予通知HF辛克萊公司，一個特拉華州的公司（以下簡稱「公司」），與您之間；公司和您；
鑑於作爲公司董事會成員，作爲您擔任董事會成員一部分的補償（“董事會”），併爲了鼓勵您對公司的成功作出實質貢獻，同意授予您此受限制股票單位獎勵；
鑑於公司採納了計劃（如授予通知中所定義的）, 在該計劃下，公司被授權向公司的某些僱員、董事和其他服務提供者（以下簡稱爲受限制股票單位）授予股票單位和幽靈股獎勵，如適用。
鑑於一份計劃副本已交付給您，並應視爲本限制性股票單位協議（非僱員董事獎勵）的一部分（"如同完全載列於此"）。未在此處明確定義的術語應具有計劃中規定的含義；協議如完整載入，但未在此處定義的大寫字母詞語應具有計劃中規定的含義；和
鑑於您希望接受根據本協議授予的限制性股票單位獎。
因此, 鑑於此處載明的相互契約以及下文規定的其他有價值的考慮，各方同意如下：
1.《授予書》根據下文所列條件，公司特此授予您自《授予通知書》所載的授予日期生效，作爲單獨的激勵措施，但並非作爲您爲公司提供服務的任何現金或其他補償的替代，一份獎勵（以下簡稱「獎勵」獎勵）由《授予通知書》所列的股票總數組成，根據此處、《授予通知書》和計劃書中規定的條款和條件，以及額外的權利，有權根據此處所列的條款和條件獲得可能的股利等價物。
2.沒有股東權利。根據本協議授予的受限股票單位（“RSUs支付”），將不會使您在解決獎勵的日期之前享有任何股份持有人的權利。
3.分紅相等物如果公司在授予日期之後宣佈並支付了關於其未了結股份的股息，並在該股息的股權登記日，您持有根據本協議授予的尚未結算的RSUs，公司應支付給您的現金金額等於您如果是在該股權登記日作爲持有人的話所收到的現金股息金額，與您的尚未結算RSUs相關的股份數量，該付款將在公司支付該股息的日期或之後立即進行（但無論如何，股息補償款不得遲於公司向股東普遍支付該股息的日期後的30天內支付）分紅相等物
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展品 10.39
4.限制；沒收。 RSUs受限制，即在根據本協議第6節發行與這些RSUs相關的股票之前，它們不能出售、轉讓或以其他方式處置或抵押，該限制應在本協議第5節所規定的限制解除或到期並在授予通知書中描述的前提下移除。若您停止擔任董事會成員，除非因死亡、傷殘或退休，未獲豁免的RSUs將立即在停止服務之日後被沒收，除非董事會全權決定加快該等RSUs的獲豁免。
5.限制性股票的限制到期和風險喪失
。根據本協議授予的限制性股票的限制將在授予通知書中規定的日期和時間到期，同時您需繼續擔任董事會成員至規定的日期和時間。根據本協議提供，已獲得成熟和不可放棄的限制性股票在此稱爲「已獲得」。
6.股票發行. 股份將在符合協議的情況下，在您的可行權 RSU 成熟後的30天內發行給您。 在結算時，公司將發行以您的名義註冊的股份作爲獎勵的支付。 公司應以其認爲合適的方式證明將發行的用於支付 RSU 的股份。 在向您發行股份時，任何碎股的價值將被捨去。 根據本協議，不會向您發行或支付任何碎股的現金價值。 由於時間流逝，股份的價值不會產生任何利息。 本第6條或根據本第6條採取的任何行動不應被解釋爲創設信託或任何形式的受信託或保證的義務。
7.根據證券及其他適用法律合規儘管本協議中的任何條款與此相反，但股份的發行將受制於符合所有適用的聯邦、州或外國法律要求，以及股票交易所或市場系統對這些證券和股份所列條件的要求。如果此類發行構成違反任何適用的聯邦、州或外國證券法或其他法律法規，或者違反股票交易所或市場系統對這些股份所列條件的要求，則不會在此下發行股份。此外，除非（a）在發行時關於這些已發行股份的《證券法》註冊聲明有效，或者（b）在公司法律顧問的意見中，這些已發行股份可根據《證券法》註冊要求的適用豁免條款發行，否則不會在此下發行股份。公司無法從任何監管機構獲得公司法律顧問認爲對於發行和銷售任何受獎股份而言是必要的權威（如有）的機構的授權時，公司就未取得該等必要授權的股份發行失敗的任何責任予以解除。在此下發行的任何股份作爲控件，公司可能要求您滿足可能需要或適當證明您遵守任何適用法律或法規的任何資格，並根據需要按公司要求提供關於這種遵守的任何陳述或保證。公司董事會和公司適當的官員被授權隨時採取必要和適當的措施，向政府當局、股票交易所和其他適當的人員提交必需文件，以便股份可供發行。
8.Legends. The Company may at any time place legends referencing any restrictions imposed on the Shares pursuant to Sections 4 and 7 of this Agreement on all certificates representing Shares issued with respect to this Award.
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Exhibit 10.39
9.Continuation as a Director. Nothing in this Agreement confers upon you the right to continue to serve as a member of the Board.
10.Furnish Information. You agree to furnish to the Company all information requested by the Company to enable it to comply with any reporting or other requirements imposed upon the Company by or under any applicable statute or regulation.
11.Remedies. The parties to this Agreement shall be entitled to recover from each other reasonable attorneys’ fees incurred in connection with the successful enforcement of the terms and provisions of this Agreement whether by an action to enforce specific performance or for damages for its breach or otherwise.
12.No Liability for Good Faith Determinations. The Company and the members of the Board shall not be liable for any act, omission or determination taken or made in good faith with respect to this Agreement or the RSUs granted hereunder.
13.Execution of Receipts and Releases. Any payment of cash or any issuance or transfer of Shares or other property to you, or to your legal representative, heir, legatee or distributee, in accordance with the provisions hereof, will, to the extent thereof, be in full satisfaction of all claims of such Persons hereunder. In addition, the Company may require you or your legal representative, heir, legatee or distributee, as a condition precedent to such payment or issuance, to execute a general release of all claims in favor of the Company, any Affiliate and the employees, officers, stockholders or board members of the foregoing in such form as the Company may determine. In the event the period you are given to review, execute and revoke a release provided pursuant to this Section 13 spans two calendar years, any payment to you pursuant to this Agreement will be made in the second calendar year.
14.No Guarantee of Interests. Neither the Board nor the Company guarantee the Shares from loss or depreciation.
15.Company Records. Records of the Company or its subsidiaries regarding your period of service, termination of service and the reason(s) therefor, and other matters shall be conclusive for all purposes hereunder, unless determined by the Company to be incorrect.
16.Notice. All notices required or permitted under this Agreement must be in writing and personally delivered or sent by mail and shall be deemed to be delivered on the date on which it is actually received by the person to whom it is properly addressed or, if earlier, the date it is sent via certified United States mail.
17.Waiver of Notice. Any person entitled to notice hereunder may waive such notice in writing.
18.Information Confidential. As partial consideration for the granting of the Award hereunder, you hereby agree to keep confidential all information and knowledge, except that which has been disclosed in any public filings required by law, that you have relating to the terms and conditions of this Agreement; provided, however, that such information may be disclosed as required by law and may be given in confidence to your spouse and tax and financial advisors. In the event any breach of this promise comes to the attention of the Company, it shall take into consideration that breach in determining whether to recommend the grant of any future similar award to you, as a factor weighing against the advisability of granting any such future award to you. Nothing in this Agreement will prevent you from: (a) making a good faith report of possible violations of applicable law to any governmental agency or entity or (b) making disclosures that are protected under the whistleblower provisions of applicable law. For the
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Exhibit 10.39
avoidance of doubt, nothing herein shall prevent you from making a disclosure that: (i) is made (A) in confidence to a federal, state or local government official, either directly or indirectly, or to an attorney; and (B) solely for the purpose of reporting or investigating a suspected violation of law; or (ii) is made in a complaint or other document filed in a lawsuit or other proceeding, if such filing is made under seal. Further, an individual who files a lawsuit for retaliation by an employer of reporting a suspected violation of law may make disclosures without violating this Section 18 to the attorney of the individual and use such information in the court proceeding.
19.Section 409A. This Agreement is not intended to constitute a deferral of compensation within the meaning of Section 409A of the Code and shall be construed and interpreted in accordance with such intent. Payment under this Agreement shall be made in a manner that will be exempt from or, notwithstanding the preceding sentence, comply with Section 409A of the Code, including regulations or other guidance issued with respect thereto, except as otherwise determined by the Committee. The applicable provisions of Section 409A of the Code are hereby incorporated by reference and shall control over any contrary provisions herein that conflict therewith.
20.Successors. This Agreement shall be binding upon you, your legal representatives, heirs, legatees and distributees, and upon the Company, its successors and assigns.
21.Severability. If any provision of this Agreement is held to be illegal or invalid for any reason, the illegality or invalidity shall not affect the remaining provisions hereof, but such provision shall be fully severable and this Agreement shall be construed and enforced as if the illegal or invalid provision had never been included herein.
22.Company Action. Any action required of the Company shall be by resolution of the Board or by a person or entity authorized to act by resolution of the Board.
23.Headings. The titles and headings of Sections are included for convenience of reference only and are not to be considered in construction of the provisions hereof.
24.Governing Law. All questions arising with respect to the provisions of this Agreement shall be determined by application of the laws of the State of Delaware, without giving any effect to any conflict of law provisions thereof, except to the extent Delaware state law is preempted by federal law. The obligation of the Company to sell and deliver Shares hereunder is subject to applicable laws and to the approval of any governmental authority required in connection with the authorization, issuance, sale, or delivery of such Shares.
25.Consent to Delaware Jurisdiction and Venue. You hereby consent and agree that state courts located in Delaware and the United States District Court for the District of Delaware each shall have personal jurisdiction and proper venue with respect to any dispute between you and the Company arising in connection with the RSUs or this Agreement. In any dispute with the Company, you will not raise, and you hereby expressly waive, any objection or defense to such jurisdiction as an inconvenient forum.
26.Amendment. This Agreement may be amended by the Board or by the Committee at any time (a) if the Board or the Committee determines, in its sole discretion, that amendment is necessary or advisable in light of any addition to or change in any federal or state, tax or securities law or other law or regulation, which change occurs after the Date of Grant and by its terms applies to the Award; or (b) other than in the circumstances described in clause (a) or provided in the Plan, with your consent.
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Exhibit 10.39
27.The Plan. This Agreement is subject to all the terms, conditions, limitations and restrictions contained in the Plan.
28.Defined Terms. For purposes of this Agreement, the following terms shall have the meanings assigned below:
(a)“Affiliate” has the meaning provided in Rule 12b-2 under the Exchange Act.
(b)“Beneficial Owner” has the meaning provided in Rule 13d-3 under the Exchange Act.
(c)“Disability” means you are unable to engage in any substantial gainful activity by reason of any medically determinable physical or mental impairment that can be expected to result in death or can be expected to last for a continuous period of not less than 12 months.
(d)“New Director” means an individual whose election by the Board or nomination for election by the Company’s stockholders was approved by a vote of at least two-thirds of the directors then still in office who either were directors at the Date of Grant or whose election or nomination for election was previously so approved or recommended. However, “New Director” shall not include a director whose initial assumption of office is in connection with an actual or threatened election contest, including but not limited to a consent solicitation relating to the election of directors of the Company.
(e)“Person” has the meaning given in Section 3(a)(9) of the Exchange Act as modified and used in Sections 13(d) and 14(d) of the Exchange Act.
(f)“Retirement” means a Separation from Service with Committee approval following your attainment of age 55.
(g)“Separation from Service” means a “separation from service” within the meaning of Treasury Regulation § 1.409A-1(h).
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