PROVIDED HEREIN OR THEREIN.
NOTHING HEREIN
SHALL BE CONSTRUED TO IMPOSE ANY OBLIGATION ON THE CORPORATION, THE SUBSIDIARY
OR ON ANY OTHER SUBSIDIARY CORPORATION OR PARENT CORPORATION THEREOF TO CONTINUE
YOUR EMPLOYMENT, AND IT SHALL NOT IMPOSE ANY OBLIGATION ON YOUR PART TO REMAIN
IN THE EMPLOY OF THE SUBSIDIARY OR OF ANY SUBSIDIARY CORPORATION OR PARENT
CORPORATION THEREOF.
(b)
All amounts credited to the Employee's Account under this Agreement, until
vested, shall continue for all purposes to be a part of the general assets of
the Corporation. The Employee's interest in the Account shall make him only a
general, unsecured creditor of the Corporation.
(c)
The parties agree to execute such further instruments and to take such
action as may reasonably be necessary to carry out the intent of this Agreement.
(d)
Any notice required or permitted hereunder shall be given in writing and
shall be deemed effectively given upon delivery to the Employee at her address
then on file with the Corporation.
(E)
YOU HEREBY REPRESENT THAT YOU HAVE RECEIVED A COPY OF THE PLAN AND THAT
YOU HAVE HAD AMPLE OPPORTUNITY TO REVIEW THE PLAN AND ASK QUESTIONS WITH RESPECT
THERETO.
(f)
This Agreement and the Plan constitute the entire agreement of the
parties with respect to the subject matter hereof.
WARREN RESOURCES, INC.
By
Name: Norman F. Swanton
Title: Chairman and Chief Executive Officer
AGREED TO AND ACCEPTED:
Name:
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