EX-10.7


 Exhibit 10.7 

Restricted Stock Unit Award Agreement 

Schedule A 

Notice of Restricted Stock Unit Award 
  

			
		
	Company:		Apache Corporation
		
	Participant:		John J. Christmann
		
	Notice:		You have been granted an Award of Restricted Stock Units in accordance with the terms of the Plan and the attached Restricted Stock Unit Award Agreement.
		
	Type of Award:		Restricted Stock Units
		
	Number of Units:		50,000
		
	Restriction:		Except as set forth in Section 3 of the attached Restricted Stock Award Agreement, the Shares received in settlement of Restricted Stock Units pursuant to this Award are not eligible for sale by the Participant until such time as
the Participant retires from his duties as an officer of the Company.
		
	Vesting:		 12,500 on March 1, 2016
 12,500 on February 18,
2017
 12,500 on February 18, 2018
 12,500 on February 18,
2019

		
	Plan:		Apache Corporation 2011 Omnibus Equity Compensation Plan
		
	Award Date:		February 18, 2015
		
	Acceptance:		Please execute the attached Restricted Stock Unit Award Agreement. By accepting your Restricted Stock Unit Award, you will have agreed to the terms and conditions set forth in this Agreement, including, but not limited to, the
non-compete and non-disparagement provisions set forth in sections 9 and 10 of the Agreement, and the terms and conditions of the Plan. If you do not accept your Award by executing this Agreement, you will be unable to receive your shares.


  
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 Restricted Stock Unit Award Agreement 

This Restricted Stock Unit Award Agreement (this “Agreement”), dated as of the Award Date set forth in the Notice of Restricted Stock Unit Award
attached as Schedule A hereto (the “Award Notice”) is made between Apache Corporation (the “Company”) and the Participant named in the Award Notice. The Award Notice is included in and made part of this Agreement. 

Definitions 
 All
capitalized terms contained in this Agreement shall have the meanings assigned to those terms by the Plan, unless otherwise indicated herein. 

Terms 
 1. Award
of Restricted Stock Units. Subject to the provisions of this Agreement and the provisions of the Apache Corporation 2011 Omnibus Equity Compensation Plan (the “Plan”), the Company hereby awards to the Participant, pursuant to the Plan,
a right to receive the number of shares of $0.625 par value Common Stock of the Company (“Shares”) set forth in the Award Notice. 

2. Evidence of Units. The Participant’s right to receive the Restricted Stock Units shall be evidenced by book entry registration
(or by such other manner as the Committee may determine). 
 3. Restrictions. 7,500 of the Shares vesting each year pursuant to this
Agreement and the Plan shall be subject to the restriction that none of such shares shall be eligible to be sold by the Participant until such time as the Participant retires or otherwise terminates employment with the Company. The remaining 5,000
Shares vesting each year shall vest free of restrictions, except those, if any, required by applicable securities laws, and may be sold at any time to pay taxes or for other reasons. Certificates representing the restricted 7,500 Shares issued each
year will bear all legends required by law or by the Company or its counsel as necessary or advisable to effectuate the provisions of the Plan and this Award including the following restrictive legend: 

THE SHARES REPRESENTED BY THIS CERTIFICATE ARE SUBJECT TO THE RESTRICTIONS CONTAINED IN A RESTRICTED STOCK UNIT AWARD AGREEMENT DATED AS OF
FEBRUARY 18, 2015, BY AND BETWEEN APACHE CORPORATION AND JOHN J. CHRISTMANN, A COPY OF WHICH IS ON FILE AT THE OFFICE OF THE CORPORATE SECRETARY OF THE COMPANY. 

4. Certificates. The Company may place a “stop transfer” order against shares of the Common Stock issued pursuant to this
Award until all restrictions and conditions set forth in the Plan or this Agreement and in the legends referred to in Section 3 have been complied with. The stock transfer records of the Company will reflect stock transfer instructions with
respect to such shares. 

  
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 5. Custody. Any stock certificates issued pursuant to this Agreement shall be held by the
Corporate Secretary of the Company until all restrictions thereon have lapsed or until the Committee authorizes the release. 
 6.
Vesting and Settlement. Subject to earlier settlement or forfeiture as provided in Section 8 and any deferral election under Section 7, Restricted Stock Units awarded hereunder shall vest in accordance with the following table. 

 

					
	 Tranche
	 	 Number of Units
	 	 Vesting Date

	 I
	 	12,500	 	March 1, 2016
	 II
	 	12,500	 	February 18, 2017
	 III
	 	12,500	 	February 18, 2018
	 IV
	 	12,500	 	February 18, 2019

 The Restricted Stock Units shall be settled in an equivalent number of shares of Common Stock on the date on which such
Restricted Stock Units vest. The Company shall not be obligated to deliver any shares of Common Stock if counsel to the Company determines that such sale or delivery would violate any applicable law or any rule or regulation of any governmental
authority or any rule or regulation of, or agreement of the Company with, any securities exchange or association upon which the Common Stock is listed or quoted. The Company shall in no event be obligated to take any affirmative action in order to
cause the delivery of shares of Common Stock to comply with any such law, rule, regulation or agreement. 
 7. Deferral Election. The
Participant may, within 30 days of the Award Date and in accordance with the terms and conditions of the Deferred Delivery Plan, elect to defer receipt of Shares that would otherwise be issued on a Vesting Date in settlement of all or any part of a
Tranche of Restricted Stock Units. If the Participant makes such an election, effective as of the applicable Vesting Date, each Restricted Stock Unit so deferred shall thereafter be a Stock Unit (as defined in the Deferred Delivery Plan) and
settlement of the Stock Units shall be in accordance with the Deferred Delivery Plan except that the restrictions in Section 3 shall continue to apply to any shares of Common Stock issued in settlement of the Stock Units until such restrictions
would have expired had such shares been issued in settlement of the Restricted Stock Units. Any such deferral of less than 100 percent of the Shares shall apply on a pro rata basis to both Shares subject to the restriction against sales and those
Shares not subject to restriction. 
 8. Termination of Employment, Death, Disability, etc. Except as set forth below, this Agreement
and each Award shall be subject to the condition that the Participant has remained employed by the Company as an Eligible Employee from the initial award of an Award until the applicable Vesting Date as follows: 

(a) If the Participant voluntarily leaves the employment of the Company (but not for Good Reason or Retirement) or is
terminated by the Company for Cause before an applicable Vesting Date, all Restricted Stock Units not already vested shall be immediately cancelled. 

  
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 (b) If the Participant leaves the employment of the Company by reason of
Retirement or Disability, any Restricted Stock Units granted to the Participant pursuant to the Grant Notice not previously vested may continue to vest following the Participant’s termination of employment by reason of Retirement or Disability
as if the Participant remained an Eligible Person in the employ of the Company, provided that such Participant shall be entitled to continue vesting only if such Participant satisfies the applicable conditions set forth in section 9 below (except in
the case of death). 
 (c) If the Participant dies before an applicable Vesting Date, the Restricted Stock Units shall
thereupon vest, the restrictions in Section 3 shall lapse and the then vested Restricted Stock Units shall be settled as soon as administratively practicable following the date the Participant dies. If the Participant dies before settlement,
settlement shall be made to the beneficiary designated for this purpose in the manner prescribed by the Committee, or, if there is no such beneficiary, to the estate of the Participant. 

(d) If the Participant is terminated by the Company without Cause and not by reason of becoming Disabled or if the Participant
terminates his employment for Good Reason, then all Restricted Stock Units shall thereupon vest, the restrictions in Section 3 shall lapse, and, subject to the terms of the Deferred Delivery Plan, if applicable, the Restricted Stock Units shall
be settled as soon as administratively practicable following the date the Participant’s employment is terminated. 
 (e)
Notwithstanding Section 12 of the Plan or subsections 8(a), 8(b), 8(c), or 8(d) of this Agreement, if the Participant is either employed by the Company or has incurred a Retirement and is not fully vested in his Restricted Stock Units when a
Change of Control that is described in Section 409A(a)(2)(A)(v) of the Internal Revenue Code occurs, any unvested Restricted Stock Units shall vest, the restrictions in Section 3 shall lapse, and settlement of the newly vested Restricted
Stock Units shall occur on the date of such Change of Control or as soon thereafter as is administratively practicable. 
 For purposes of this Agreement,

 “Cause” means the Participant’s willful failure to perform his duties after a demand for performance is delivered to him
by the Company’s board of directors that specifically states the manner in which the board believes the Participant has not performed his duties; the Participant’s willful gross misconduct materially injurious to the Company; or the
Participant’s violation of a direct order of the board of directors or the executive committee of the board. An act or omission is “willful” if it is done in bad faith or without reasonable belief that the act or omission was in the
Company’s interests. 
 “Disabled” means the Participant is expected by the Committee to both (i) become entitled to
long-term disability payments under the Company’s long-term disability plan then in effect and (ii) be unable to engage in any substantial gainful activity by reason of any medically determinable physical or mental impairment that is
expected to result in death or is expected to last for a continuous period of at least one year. 

  
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 “Good Reason” means a material diminution in the Participant’s responsibilities or
duties or a material diminution in the Participant’s base compensation unless the base compensation of other senior officers of the Company is also reduced proportionately. 

“Retirement” means the termination of employment of a Participant that occurs on or after the first day of the month after the month
in which the Participant has both attained age 65 and completed at least 15 full years of employment with the Company. 
 Any reference in
this Agreement to a termination of employment refers to a “separation from service” within the meaning of Code section 409A(a)(2)(A)(i). 

9. Conditions to Post-Retirement and Disability Vesting. If the Participant has attained age 65 and has completed at least 15 Years of
Service and such Participant terminates employment with the Company and the Affiliates by reason of Retirement or Disability, it is agreed by the Company and the Participant that: 

(a) subject to the provisions of this section 9(a) and sections 9(b) and 9(c), such Participant may continue to vest in the
unvested Restricted Stock Units following the date of his or her termination by reason of Retirement as if the Participant continued in employment as an Eligible Person provided that the Grant Date of the unvested RSUs is at least three
(3) months prior to such termination date and the Participant has provided not less than three (3) months’ advance written notice prior to such termination date to Apache Corporation’s Executive Vice President, Human Resources,
or his or her delegate, and to his or her direct manager, regarding the Participant ‘s intent to terminate employment for reason of Retirement; provided, however, a Participant who is at least age 65 and has completed at least 15
Years of Service need not provide such three (3) months’ advance written notice of his or her intent to terminate employment by reason of Retirement if the Company elects to require such Participant to, or (as part of a reduction
in force or otherwise in writing in exchange for a written release) offers such Participant the opportunity to, terminate employment with the Company by reason of Retirement; and it is further agreed that 

(b) in consideration for the continued vesting treatment afforded to the Participant under section 9(a), Participant shall,
during the continuing Vesting Period after Retirement or Disability (the “Continued Vesting Period”), refrain from becoming employed by, or consulting with, or becoming substantially involved in the business of, any business that competes
with the Company or its Affiliate in the business of exploration or production of oil or natural gas within the geographic area in which the Participant is working or has worked for the Company or its Affiliate, and/or for which the Participant is
or was responsible, at the time of termination of employment or the immediately preceding three-year period (a “Competitive Business”); provided, that the Participant may purchase and hold for investment purposes less than five
percent (5%) of the shares of any Competitive Business whose shares are regularly traded on a national securities exchange or inter-dealer quotation system, and provided further, that the Participant may provide services solely as a
director to a Competitive Business if, during the Continued Vesting Period, the Participant is not involved directly in the day-to-day management, supervision or operations of such Competitive Business; and it is further agreed that 

  
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 (c) in consideration for the continued vesting treatment afforded to the
Participant under section 9(a), Participant shall, during the Continued Vesting Period, refrain from making, or causing or assisting any other person to make, any oral or written communication to any third party about the Company, any Affiliate
and/or any of the employees, officers or directors of the Company or any Affiliate which impugns or attacks, or is otherwise critical of, the reputation, business or character of such entity or person; or that discloses private or confidential
information about their business affairs; or that constitutes an intrusion into their seclusion or private lives; or that gives rise to unreasonable publicity about their private lives; or that places them in a false light before the public; or that
constitutes a misappropriation of their name or likeness. 
 Notwithstanding the foregoing provisions of this section 9 of the Agreement, in the event that
the Participant fails to satisfy any of the conditions set forth in sections 9(a), (b) and (c) above, the Participant shall not be entitled to vest in any unvested Restricted Stock Units after the date of Retirement or Disability, as the
case may be, and the unvested Restricted Stock Units subject to this Agreement shall be forfeited. 
 10. Prohibited Activity. In
consideration for this Grant, the Participant agrees not to engage in any “Prohibited Activity” while employed by the Company or within three years after the date of the Participant’s termination of employment. A “Prohibited
Activity” will be deemed to have occurred, as determined by the Committee in its sole and absolute discretion, if the Participant (i) divulges any non-public, confidential or proprietary information of the Company, but excluding
information that (a) becomes generally available to the public other than as a result of the Participant’s public use, disclosure, or fault, or (b) becomes available to the Participant on a non-confidential basis after the
Participant’s employment termination date from a source other than the Company prior to the public use or disclosure by the Participant, provided that such source is not bound by a confidentiality agreement or otherwise prohibited from
transmitting the information by contractual, legal or fiduciary obligation, (ii) directly or indirectly, consults with or becomes affiliated with, participate or engage in, or becomes employed by any business that is competitive with the
Company, wherever from time to time conducted throughout the world, including situations where the Participant solicits or participates in or assists in any way in the solicitation or recruitment, directly or indirectly, of any employees of the
Company; or (iii) engages in publishing any oral or written statements about the Company, and/or any of its directors, officers, or employees that are disparaging, slanderous, libelous, or defamatory; or that disclose private or confidential
information about their business affairs; or that constitute an intrusion into their seclusion or private lives; or that give rise to unreasonable publicity about their private lives; or that place them in a false light before the public; or that
constitute a misappropriation of their name or likeness. 
 11. Payment of Tax and Withholding. The Committee may make such
provisions as it may deem appropriate for the withholding of any taxes that it determines is required in connection with this Award. The Participant may pay all or any portion of the taxes required to be withheld by the Company or paid by the
Participant in connection with all or any portion of this Award by delivering cash or by electing to have the Company withhold shares of Common Stock that would have otherwise been delivered to Participant having a Fair Market Value determined by
the Committee in accordance with the Plan, equal to the amount required to be withheld or paid. 

  
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 12. No Ownership Rights Prior to Issuance of Shares. Neither the Participant nor any other
person shall become the beneficial owner of the Shares underlying the Restricted Stock Units, nor have any rights of a shareholder (including, without limitation, dividend and voting rights) with respect to any such Shares, unless and until and
after such Shares have vested. 
 13. Non-Transferability of Restricted Stock Units. Subject to the conditions and exceptions set
forth in Deferred Delivery Plan, if elected, and Section 14.2 of the Plan, the Restricted Stock Units (and, while subject to the restrictions in Section 3, the Shares) shall not be transferable otherwise than by will or the laws of descent
and distribution or to a trust for estate planning purposes or a family partnership. 
 14. No Right to Continued Employment. Neither
the Restricted Stock Units nor any terms contained in this Agreement shall confer upon the Participant any express or implied right to be retained in the employment or service of the Company or any Affiliate for any period, nor restrict in any way
the right of the Company or any Affiliate, which right is hereby expressly reserved, to terminate the Participant’s employment or service at any time for any reason. The Participant acknowledges and agrees that any right to have restrictions on
the Restricted Stock Units lapse is earned only by continuing as an employee of the Company or an Affiliate at the will of the Company or such Affiliate, or satisfaction of any other applicable terms and conditions contained in the Plan and this
Agreement, and not through the act of being hired, being Awarded the Restricted Stock Units or acquiring Shares hereunder. 
 15. The
Plan. In consideration for this award of Restricted Stock Units, the Participant agrees to comply with the terms of the Plan and this Agreement. This Agreement is subject to all the terms, provisions and conditions of the Plan, a copy of which
is attached hereto and incorporated herein by reference, and to such regulations and administrative interpretations thereunder as may from time to time be adopted by the Committee. Unless defined herein, capitalized terms are used herein as defined
in the Plan. In the event of any conflict between the provisions of the Plan and this Agreement, the provisions of the Plan shall control, and this Agreement shall be deemed to be modified accordingly. 

16. Notices. All notices by the Participant or the Participant’s assignees may be made only in the following manner, using such
forms as the Company may from time to time provide: 
 (a) by first class registered or certified United States mail, postage
prepaid, to Apache Corporation, Attn: Corporate Secretary, 2000 Post Oak Boulevard, Suite 100, Houston, Texas 77056; 
 (b)
by hand delivery to or Apache Corporation, Attn: Corporate Secretary, 2000 Post Oak Boulevard, Suite 100, Houston, Texas 77056; or 

(c) by such other means, including by electronic means or by facsimile, as provided by the Committee. 

All notices to the Participant shall be addressed to the Participant at the Participant’s address in the Company’s records. 

  
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 Any notices provided for in this Agreement or in the Plan shall be deemed effectively delivered
or given upon receipt of such notice. 
 17. Other Plans. The Participant acknowledges that any income derived from the Restricted
Stock Units shall not affect the Participant’s participation in, or benefits under, any other benefit plan or other contract or arrangement maintained by the Company or any Affiliate. 

18. Terms of Employment. The Plan is a discretionary plan. The Participant hereby acknowledges that neither the Plan nor this Agreement
forms part of his terms of employment and nothing in the Plan may be construed as imposing on the Company or any Affiliate a contractual obligation to offer participation in the Plan to any employee of the Company or any Affiliate. The Company or
any Affiliate is under no obligation to award further Shares to any Participant under the Plan. 
 19. Section 409A of the Internal
Revenue Code. Notwithstanding any provision of this Agreement to the contrary, this Agreement is intended to provide for a grant of deferred compensation that is exempt from or compliant with Section 409A of the Internal Revenue Code and
related regulations and United States Department of the Treasury pronouncements (“Section 409A”). Any ambiguous provisions will be construed in a manner so that this Award is either compliant with or exempt from the application of
Section 409A. If a provision of this Agreement would result in the imposition of an applicable tax under Section 409A, such provision may be reformed by the Company without the Participant’s consent in order to avoid imposition of the
applicable tax. 
 20. Data Protection. By accepting this Agreement, the Participant hereby consents to the holding and processing of
personal data provided by him to the Company for all purposes necessary for the operation of the Plan. These include, but are not limited to: 

(a) administering and maintaining Participant records; 

(b) providing information to any registrars, brokers or third party administrators of the Plan; and 

(c) providing information to future purchasers of the Company or the business in which the Participant works. 

  
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 IN WITNESS WHEREOF, the Company and Participant have executed this Agreement on the 26th
day of February 2015. The Agreement is effective as of February 18, 2015. 
  

					
	Attest:				APACHE CORPORATION
			
	 /s/ Cheri L. Peper
				 /s/ Margery M. Harris

	Cheri L. Peper				Margery M. Harris
	Corporate Secretary				Executive Vice President, Human Resources
			
					PARTICIPANT:
			
					 /s/ John J. Christmann IV

					John J. Christmann


  
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