Exhibit 10.3

 

Eagle Rock Energy G&P, LLC 2011 Short Term Incentive Bonus Plan

 

Amendments to 2011 Enterprise Goals

 

 

 

Previous Target

 

New Target

1. Adjusted EBITDA

 

$[*****]

 

$[*****]

2. DCF

 

$[*****]/unit

 

$[*****]/unit

3. Volumes Targets

 

 

 

 

 

. . .

 

 

 

 

 

b. Upstream

 

11.8 BCFE

 

25.0 BCFE

4. OPEX (Excludes ad valorem and servance tax) / G&A

 

 

 

 

 

. . .

 

 

 

 

 

b. Upstream

 

$23.0 MM

 

$28.3 MM

 

 

i. $/MCFE target

 

$[*****]

 

$[*****]

 

c. G&A (excluding LTIPs) not to exceed

 

$40.0 MM

 

$49.0 MM

. . .

 

 

 

 

 

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[*****]     indicates redacted terms for which confidential treatment has been
requested from the Securities and Exchange Commission.

 

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