samson oil & gas lodges quarterly report and a, page-62

Hi Walpolepark, thanks for your post on the subject.

yes thats correct in Annexure "A" section 3. Vesting Schdule on pg 12 of the doc it clearly states the award is to released in part installments over 4 years and on each occassion prior to increment released, subject to share holders approval.

Also interesting to see forfeited clause under termination of employment.

GLTA
R

3.1 Awards will vest in four (4) equal instalments. The first 25% instalment of Shares and PAs will vest immediately upon the last to occur of (i) the grant of the Award (the “Grant Date”) and (ii) the receipt of all necessary shareholder approvals of this Program and the Award, if any. The remaining three (3) instalments of Restricted Stock and PAs will vest on the first, second and third anniversary dates, respectively, of the Grant Date for Participants who continue to provide services to Samson through each such Vesting Date, again subject to receipt of all necessary shareholder approvals, if any.

3.2 Upon a Participant’s termination of employment for any reason, all unvested Awards shall be forfeited by such Participant;..............