EXHIBIT 10.1
 
AMENDMENT TO
AMENDED AND RESTATED EMPLOYMENT AGREEMENT
 
This Amendment to Amended and Restated Employment Agreement (“Agreement”) is
entered into this 20th day of August, 2002 (the “Effective Date”), between XTO
Energy Inc., a Delaware corporation (“XTO Energy”) (XTO Energy and, to the
extent applicable, one or more of its subsidiaries, being collectively referred
to herein as “Employer”), and Bob R. Simpson, who resides in Fort Worth, Texas
(“Employee”).
 
RECITALS
 
WHEREAS, Employee and XTO Energy entered into that certain Employment Agreement
dated February 21, 1995 and effective March 31, 1995 (the “Original Agreement”);
and
 
WHEREAS, Employee and XTO Energy entered into that certain Amended and Restated
Employment Agreement dated May 17, 2000 (“Amended Agreement”) amending the
Original Agreement; and
 
WHEREAS, Employer and Employee desire to clarify the amount to be paid the
Employee upon a Change in Control.
 
NOW, THEREFORE, in order to fulfill the above purpose, the parties agree as
follows:
 
1.    Section 11.1(a) of the Amended Agreement is deleted and the following is
substituted in lieu thereof:
 
“(a)    Employer shall pay to Employee an amount in cash equal to (i) three (3)
times the sum of (x) Employee’s Regular Salary and (y) an amount equal to the
greater of Employee’s two most recent bonuses awarded under the Key Management
Incentive Bonus Plan adopted by XTO Energy (or any other bonus plan or program
then in effect), multiplied by two (2), plus (ii) the amount, if any, of the
Employee’s monthly car allowance, multiplied by twelve (12), plus (iii) the
amount, if any, of any special bonus, and any amounts required to be designated
as a bonus under the rules and regulations of the Securities and Exchange
Commission, awarded to the Employee during the three (3) years preceding the
Date of Termination or Change in Control, to be paid on or before ten (10) days
after the Date of Termination or forty-five (45) days after the Change in
Control, as the case may be. A special bonus will include any bonus paid as a
result of an individual becoming an employee of the Company but will not include
any bonus paid related to moving expenses.”
 
2.    Except as amended herein, all other terms and provisions of the Restated
Agreement shall remain in full force and effect.
 
IN WITNESS WHEREOF, Employer and Employee have executed and delivered this
Agreement as of the date written above.
 
XTO ENERGY INC.
By:
 
VAUGHN O. VENNERBERG, II

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Vaughn O. Vennerberg, II
Executive Vice President-Administration

 
 
EMPLOYEE:
BOB R. SIMPSON

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Bob R. Simpson

 

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