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This excerpt taken from the EOG DEF 14A filed Apr 4, 2008. Restricted
Stock
The Compensation Committee may grant restricted stock to any
eligible persons selected by it. The amount of an award of
restricted stock, and any vesting or transferability provisions
relating to such an award, are to be determined by the
Compensation Committee in its sole discretion.
Subject to the terms and conditions of the 2008 Plan, each
recipient of a restricted stock award will have the rights of a
stockholder of EOG with respect to the shares of restricted
stock included in the restricted stock award during any period
of restriction established for the restricted stock award,
including the right to vote the restricted stock. All dividends
and distributions (whether in cash, stock or otherwise) on
unvested shares of restricted stock will not be paid, but will
be credited for the future benefit of the holder. At such time
as vested shares are delivered to the holder, all accumulated
dividends and distributions attributable to the vested shares
(without interest) will be paid in cash, shares of our Common
Stock or such other form as we determine. Any dividends and
distributions on non-vested restricted stock will be forfeited
in the same manner and at the same time as the respective shares
of restricted stock to which they are attributable are forfeited.
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