Document:

EX-10.4

 Exhibit 10.4 

RSP PERMIAN, INC. 
 2014
LONG TERM INCENTIVE PLAN 
 RESTRICTED STOCK GRANT AND AWARD AGREEMENT 

(Performance Vesting) 

This restricted stock grant and award agreement (the “Agreement”) is made and entered into as
of                 (the “Date of Grant”) by and between RSP Permian, Inc., a Delaware corporation (the “Company”),
and                (the “Grantee” or “you”); 

WHEREAS, the Company in order to induce you to continue to dedicate service to the Company and to materially contribute to the success
of the Company agrees to grant you this restricted stock award; 
 WHEREAS, the Company adopted the RSP Permian, Inc. 2014 Long Term
Incentive Plan as it may be amended from time to time (the “Plan”) under which the Company is authorized to grant restricted stock awards to certain employees and service providers of the Company; 

WHEREAS, a copy of the Plan has been furnished to you and shall be deemed a part of this Agreement as if fully set forth herein and the
terms capitalized but not defined herein shall have the meanings set forth in the Plan; and 
 WHEREAS, you desire to accept the
restricted stock award made pursuant to this Agreement. 
 NOW, THEREFORE, in consideration of and mutual covenants set forth herein
and for other valuable consideration hereinafter set forth, the parties agree as follows: 
 1.    The Grant.
Subject to the conditions set forth below, the Company hereby grants you effective as of                (the “Date of Grant”), as a matter of
separate inducement but not in lieu of any salary or other compensation for your services for the Company, an award (the “Award”) consisting of a target
of                shares (the “Restricted Shares”) of Stock in accordance with the terms and conditions set forth herein and in the Plan. 

2.    Escrow of Restricted Shares. The Company shall evidence the Restricted Shares in the manner that it deems
appropriate. The Company may issue in your name a certificate or certificates representing the Restricted Shares and retain that certificate or those certificates until the restrictions on such Restricted Shares expire as described in Section 5
of this Agreement or the Restricted Shares are forfeited as described in Sections 4 and 6 of this Agreement. If the Company certificates the Restricted Shares, you shall execute one or more stock powers in blank for those certificates and deliver
those stock powers to the Company. The Company shall hold the Restricted Shares and the related stock powers pursuant to the terms of this Agreement, if applicable, until such time as (a) a certificate or certificates for the Restricted Shares
are delivered to you, (b) the Restricted Shares are otherwise transferred to you free of restrictions, or (c) the Restricted Shares are canceled and forfeited pursuant to this Agreement. 

 3.    Ownership of Restricted Shares. From and after the time the
Restricted Shares are issued in your name, you will be entitled to all the rights of absolute ownership of the Restricted Shares, including the right to vote those shares and to receive dividends thereon if, as, and when declared by the Board,
subject, however, to the terms, conditions and restrictions set forth in this Agreement; provided, however, that each dividend payment will be made no later than the 60th day following the date
such dividend payment is made to stockholders generally. 
 4.    Restrictions; Forfeiture. The Restricted Shares
are restricted in that they may not be sold, transferred or otherwise alienated or hypothecated until these restrictions are removed or expire as described in Section 5 of this Agreement. The Restricted Shares are also restricted in the sense
that they may be forfeited to the Company (the “Forfeiture Restrictions”). You hereby agree that if the Restricted Shares are forfeited, as provided in Section 6, the Company shall have the right to deliver the
Restricted Shares to the Company’s transfer agent for, at the Company’s election, cancellation or transfer to the Company. 

5.    Expiration of Restrictions and Risk of Forfeiture. 

(a)    Vesting Requirements. Subject to the terms and conditions of this Agreement and the Plan, the Forfeiture
Restrictions on the Restricted Shares will lapse and the Restricted Shares will vest subject to the satisfaction of both a time-based vesting schedule and a performance-based vesting schedule. You will be deemed to satisfy the time-based
vesting schedule if you are continuously employed or providing services to the Company or any of its Subsidiaries from the Date of Grant until                (the
“Vesting Date”). The performance-based vesting schedule will be satisfied upon the achievement of the performance goals set forth in Appendix A attached hereto. 

(b)    Adjustments to Restricted Shares Following Performance Period. Immediately following the Committee’s
certification of the satisfaction of the applicable performance goals set forth in Appendix A attached hereto, and the applicable level of achievement attained in connection therewith, the target number of Restricted Shares granted to you
pursuant to Section 1 of this Agreement shall be adjusted, if necessary, to reflect the achievement of the applicable performance goals. 

6.    Termination of Services and Change in Control. 

(a)    Termination Generally. If your service relationship with the Company or any of its Subsidiaries is terminated
for any reason other than (i) due to your death or (ii) due to your Disability (as defined below), then those Restricted Shares for which the restrictions have not lapsed as of the date of termination shall become null and void and those
Restricted Shares shall be forfeited to the Company. The Restricted Shares for which the restrictions have lapsed, if any, as of the date of such termination shall not be forfeited to the Company. 

(b)    Death; Disability. Notwithstanding the vesting schedules set forth in Section 5(a) above, if your
service relationship with the Company or any of its Subsidiaries is terminated due to (i) your death or (ii) your Disability (as defined below), you will automatically be deemed to have satisfied the time-based vesting schedule. With
respect to the performance-based vesting schedule, the Company will deem the performance period to end on the last day of the most recently completed fiscal quarter immediately prior to the date of such termination, and the Company’s
satisfaction of the applicable performance goals will be based upon actual performance as of the end of the revised performance period. 

  
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 “Disability” means your inability to perform the essential functions of
your position with or without reasonable accommodation, if required by law, due to physical or mental impairment. The existence of any such Disability shall be certified, at the Company’s discretion, by either the Company’s disability
carrier or a physician acceptable to both you and the Company. If the parties are not able to agree on the choice of physician, each party shall select a physician who, in turn, shall select a third physician to render such certification. In no
event will your service relationship be terminated as a result of Disability, unless otherwise agreed to by you and the Company, until at least 180 consecutive days of leave has elapsed and the Company has provided you with written notice of
termination. 
 (c)    Change in Control. Notwithstanding the vesting schedules set forth in Section 5(a)
above, upon the occurrence of a Change in Control, you will automatically be deemed to have satisfied the time-based vesting schedule. With respect to the performance-based vesting schedule, the Company will deem the performance period to end
immediately prior to the Change in Control event, and the Company’s satisfaction of the applicable performance goals will be based upon actual performance as of the end of the revised performance period. 

7.    Leave of Absence. With respect to the Award, the Company may, in its sole discretion, determine that if you
are on leave of absence for any reason you will be considered to still be in the employ of, or providing services for, the Company, provided that rights to the Restricted Shares during a leave of absence will be limited to the extent to which those
rights were earned or vested when the leave of absence began. 
 8.    Delivery of Stock. Promptly following the
expiration of the restrictions on the Restricted Shares as contemplated in Section 5 of this Agreement, the Company shall cause to be issued and delivered to you or your designee a certificate or other evidence of the number of Restricted
Shares as to which restrictions have lapsed, free of any restrictive legend relating to the lapsed restrictions, upon receipt by the Company of any tax withholding as may be requested pursuant to Section 9. The value of such Restricted Shares
shall not bear any interest owing to the passage of time. 
 9.    Payment of Taxes. The Company may require you
to pay to the Company (or the Company’s Subsidiary if you are an employee of a Subsidiary of the Company), an amount the Company deems necessary to satisfy its (or its Subsidiary’s) current or future obligation to withhold federal, state
or local income or other taxes that you incur as a result of the Award. With respect to any required tax withholding, you may (a) direct the Company to withhold from the shares of Stock to be issued to you under this Agreement the number of
shares necessary to satisfy the Company’s obligation to withhold taxes; which determination will be based on the shares’ Fair Market Value at the time such determination is made; (b) deliver to the Company shares of Stock sufficient
to satisfy the Company’s tax withholding obligations, based on the shares’ Fair Market Value at the time such determination is made; (c) deliver cash to the Company sufficient to satisfy its tax withholding obligations; or
(d) satisfy such tax withholding through any combination of (a), (b) and (c). If you desire to elect to use the stock withholding 

  
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option described in subparagraph (a), you must make the election at the time and in the manner the Company prescribes. The Company, in its discretion, may deny your request to satisfy its tax
withholding obligations using a method described under subparagraph (a) or (b). 
 10.    Compliance with
Securities Law. Notwithstanding any provision of this Agreement to the contrary, the issuance of Stock (including Restricted Shares) will be subject to compliance with all applicable requirements of federal, state, or foreign law with respect to
such securities and with the requirements of any stock exchange or market system upon which the Stock may then be listed. No Stock will be issued hereunder if such issuance would constitute a violation of any applicable federal, state, or foreign
securities laws or other law or regulations or the requirements of any stock exchange or market system upon which the Stock may then be listed. In addition, Stock will not be issued hereunder unless (a) a registration statement under the
Securities Act of 1933, as amended (the “Act”), is at the time of issuance in effect with respect to the shares issued or (b) in the opinion of legal counsel to the Company, the shares issued may be issued in accordance
with the terms of an applicable exemption from the registration requirements of the Act. The inability of the Company to obtain from any regulatory body having jurisdiction the authority, if any, deemed by the Company’s legal counsel to be
necessary to the lawful issuance and sale of any shares subject to the Award will relieve the Company of any liability in respect of the failure to issue such shares as to which such requisite authority has not been obtained. As a condition to any
issuance hereunder, the Company may require you to satisfy any qualifications that may be necessary or appropriate to evidence compliance with any applicable law or regulation and to make any representation or warranty with respect to such
compliance as may be requested by the Company. From time to time, the Board and appropriate officers of the Company are authorized to take the actions necessary and appropriate to file required documents with governmental authorities, stock
exchanges, and other appropriate Persons to make shares of Stock available for issuance. 
 11.    Legends. The
Company may at any time place legends referencing any restrictions imposed on the shares pursuant to Sections 4 or 10 of this Agreement on all certificates representing shares issued with respect to this Award. 

12.    Right of the Company and Subsidiaries to Terminate Services. Nothing in this Agreement confers upon you the
right to continue in the employ of or performing services for the Company or any Subsidiary, or interfere in any way with the rights of the Company or any Subsidiary to terminate your employment or service relationship at any time. 

13.    Furnish Information. You agree to furnish to the Company all information requested by the Company to enable
it to comply with any reporting or other requirements imposed upon the Company by or under any applicable statute or regulation. 

14.    Remedies. The parties to this Agreement shall be entitled to recover from each other reasonable
attorneys’ fees incurred in connection with the successful enforcement of the terms and provisions of this Agreement whether by an action to enforce specific performance or for damages for its breach or otherwise. 

  
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 15.    No Liability for Good Faith Determinations. The Company and the
members of the Board shall not be liable for any act, omission or determination taken or made in good faith with respect to this Agreement or the Restricted Shares granted hereunder. 

16.    Execution of Receipts and Releases. Any payment of cash or any issuance or transfer of shares of Stock or
other property to you, or to your legal representative, heir, legatee or distributee, in accordance with the provisions hereof, shall, to the extent thereof, be in full satisfaction of all claims of such Persons hereunder. The Company may require
you or your legal representative, heir, legatee or distributee, as a condition precedent to such payment or issuance, to execute a release and receipt therefor in such form as it shall determine. 

17.    No Guarantee of Interests. The Board and the Company do not guarantee the Stock of the Company from loss or
depreciation. 
 18.    Notice. All notices required or permitted under this Agreement must be in writing and
personally delivered or sent by mail and shall be deemed to be delivered on the date on which it is actually received by the person to whom it is properly addressed or if earlier the date it is sent via certified United States mail. 

19.    Waiver of Notice. Any person entitled to notice hereunder may waive such notice in writing. 

20.    Information Confidential. As partial consideration for the granting of the Award hereunder, you hereby agree
to keep confidential all information and knowledge, except that which has been disclosed in any public filings required by law, that you have relating to the terms and conditions of this Agreement; provided, however, that such
information may be disclosed as required by law and may be given in confidence to your spouse and tax and financial advisors. In the event any breach of this promise comes to the attention of the Company, it shall take into consideration that breach
in determining whether to recommend the grant of any future similar award to you, as a factor weighing against the advisability of granting any such future award to you. 

21.    Successors. This Agreement shall be binding upon you, your legal representatives, heirs, legatees and
distributees, and upon the Company, its successors and assigns. 
 22.    Severability. If any provision of this
Agreement is held to be illegal or invalid for any reason, the illegality or invalidity shall not affect the remaining provisions hereof, but such provision shall be fully severable and this Agreement shall be construed and enforced as if the
illegal or invalid provision had never been included herein. 
 23.    Company Action. Any action required of the
Company shall be by resolution of the Board or by a person or entity authorized to act by resolution of the Board. 

24.    Headings. The titles and headings of Sections are included for convenience of reference only and are not to
be considered in construction of the provisions hereof. 

  
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 25.    Governing Law. All questions arising with respect to the
provisions of this Agreement shall be determined by application of the laws of Delaware without giving any effect to any conflict of law provisions thereof, except to the extent Delaware state law is preempted by federal law. The obligation of the
Company to sell and deliver Stock hereunder is subject to applicable laws and to the approval of any governmental authority required in connection with the authorization, issuance, sale, or delivery of such Stock. 

26.    Amendment. This Agreement may be amended the Board or by the Committee at any time (a) if the Board or
the Committee determines, in its sole discretion, that amendment is necessary or advisable in light of any addition to or change in any federal or state, tax or securities law or other law or regulation, which change occurs after the Date of Grant
and by its terms applies to the Award; or (b) other than in the circumstances described in clause (a) or provided in the Plan, with your consent. 

27.    The Plan. This Agreement is subject to all the terms, conditions, limitations and restrictions contained in
the Plan. 
 [Signature Page to Follow] 

  
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 IN WITNESS WHEREOF, the Company has caused this Agreement to be executed by its officer
thereunto duly authorized, and the Grantee has set his hand as to the date and year first above written. 
  

			
	RSP PERMIAN, INC.
		
	By:	 	 
		
	Name:	 	 
		
	Title:	 	 
	
	[GRANTEE NAME]
	
	   

	GRANTEE

  
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 APPENDIX A 

PERFORMANCE GOAL 
 The
performance goal for your Restricted Shares shall be                     . Subject to the satisfaction of the time-based vesting schedule noted in
Section 5(a), you will become vested in an applicable number of Restricted Shares that corresponds to the performance rank that the Company achieves with respect to the
                     goals set forth below. The Committee will review, analyze and certify the achievement of the Company’s performance ranking
for the                      goal for the performance period noted below, and will determine both whether the performance vesting requirement for
your Restricted Shares has been met in accordance with the terms of this Agreement and the Plan, and what adjustments may be necessary to your target number of Restricted Shares. 

Performance Goal 
  

					
	Performance Goal	 	 Percentage of

Restricted Shares
 Subject
to
 Performance Goal
	 	Performance Period
	
[TBD]
	 	[%]	 	X through X

 Company Performance Ranking and Payout Schedule 

 

					
	
Company’s Performance Rank

(1= First Ranked; [TBD]= Last

Ranked)
	 	Percentile Ranking	 	
Percent of Target Restricted

Shares to Become Vested

	
X
	 	[%]	 	[%]

  
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Exhibit 10.1

Dear {First Name Last Name}:
I am pleased to inform you that, effective February 13, 2018 (the "Award Date"), the Compensation Committee of the Board of Directors of Andeavor (the "Company"), pursuant to its authority under the Amended and Restated Andeavor Corporation 2011 Long-Term Incentive Plan (the "Plan"), has approved the following long-term incentive award (the "Award") to you.  The following is a summary of the terms and conditions associated with this Award.  Capitalized terms not defined in this letter will have the definitions provided for such terms in the Plan.

Award: # Performance Shares of the Company’s common stock with a targeted value of $XXX,XXX is contingent upon the achievement of relative Total Shareholder Return against a Median Index of our Performance Peer Group, XLE Energy Index and S&P 500 Index.  This Award will become eligible for vesting, subject to actual performance and continued employment, at the end of the 36 month performance period (February 13, 2018 through February 13, 2021).  
Upon vesting at the end of the performance period, the Award will be adjusted based on the Company’s relative Total Shareholder Return against a Median Index of the Performance Peer Group, XLE Energy Index and S&P 500 Index to calculate the number of Shares that will be issued to you.  Shares will be withheld by the Company to cover your applicable income and employment tax withholding(s) (at the minimum statutory level or such other rate that will not cause an adverse accounting consequence or cost) and the net Shares will be credited to your account with Fidelity Stock Plan Services.  The Award may be further adjusted by the Committee if the Company’s Total Shareholder Return is negative over the performance period.
If you terminate employment due to Retirement or involuntary termination without Cause (other than within the two years following a Change in Control), you will be issued a pro-rated payout of Shares based on the number of full months worked (minimum of 12 months required for an involuntary termination without Cause) within the performance period based on the achievement of actual performance.  In addition, if you are terminated pursuant to a severance or separation agreement under any circumstance, the Compensation Committee may, at its discretion, further reduce the award payout percentage beyond the pro-rated reduction described above.  Shares will be issued as soon as administratively practical, but in any event within calendar year 2021.  If you terminate employment due to death or disability, as defined under Section 409A of the Internal Revenue Code of 1986, as amended to date and the Treasury Regulations issued thereunder (“Disability”), you will be issued a pro-rated payout of Shares based on the number of full months worked within the performance period based on the achievement of target performance.  Shares will be issued as soon as administratively practical upon termination due to death or Disability.  If you terminate employment due to a voluntary termination (except as set forth below) or termination for Cause prior to the vesting of the Performance Shares Award, your Award will be forfeited.  In the event of a Change in Control of the Company, the Performance Shares Award will either be assumed or continued by the surviving or acquiring corporation or paid out at the greater of the achievement of target performance or the achievement of actual performance at the time of the Change in Control.  If your Award is assumed or continued following a Change in Control, the award 

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will be converted into a time-based award with the number of shares subject to the award equal to the greater of the achievement of target performance or the achievement of actual performance at the time of the Change in Control.  The assumed and converted Award will vest based upon continued employment through the end of the performance period.  If you terminate employment due to an involuntary termination without Cause or resignation for Good Reason within two years following a Change in Control, any such assumed and converted Award will immediately vest upon such termination of employment.
Covenants:  Your services to the Company are unique, extraordinary and essential to the business of the Company and its affiliates, particularly in view of your access to the Company’s or its affiliates’ confidential information and trade secrets.  Accordingly, in consideration of this Award and by accepting this Award, you agree as follows:
(i)You agree that you will not, without the prior written approval of the Board, at any time during the term of your employment with the Company or its affiliates and for a period of one (1) year following the date on which your employment with the Company and its affiliates terminates (the “Restricted Period”), directly or indirectly, serve as an officer, director, owner, contractor, consultant, or employee of any the following organizations (or any of their respective subsidiaries or divisions): HollyFrontier Corporation; Marathon Petroleum Corporation; PBF Energy Inc.; Phillips 66; Valero Energy Corporation; Magellan Midstream Partners, L.P.; Enbridge Energy Partners, L.P.; Western Gas Partners, L.P.; Buckeye Partners, L.P.; EnLink Midstream Partners, L.P.; DCP Midstream Partners, L.P.; NuStar Energy L.P.; Genesis Energy, L.P.; Holly Energy Partners, L.P.; and MPLX L.P., or otherwise engage in any business activity directly or indirectly competitive with the business of the Company or its affiliates (or their respective subsidiaries or divisions) as in effect from time to time.

(ii)You agree that during the Restricted Period, you will not, alone or in conjunction with another party, hire, solicit for hire, aid in or facilitate the hire, or cause to be hired, either as an employee, contractor or consultant, any individual who is currently engaged, or was engaged at any time during the six (6) month period prior such event, as an employee, contractor or consultant of the Company or any of its affiliates (or their respective subsidiaries or divisions).
  
(iii)You agree and understand that the Company and its affiliates own and/or control information and material which is not generally available to third parties and which the Company or its affiliates consider confidential, including, without limitation, methods, products, processes, customer lists, trade secrets and other information applicable to its business and that it may from time to time acquire, improve or produce additional methods, products, processes, customers lists, trade secrets and other information (collectively, the “Confidential Information”).  You acknowledge that each element of the Confidential Information constitutes a unique and valuable asset of the Company and its affiliates, and that certain items of the Confidential Information have been acquired from third parties upon the express condition that such items would not be disclosed to the Company and its officers and agents other than in the ordinary course of business.  You acknowledge that disclosure of the Confidential Information to and/or use by anyone other than in the Company’s or its affiliates’ ordinary course of business would result in irreparable and continuing damage to the Company and its affiliates.  Accordingly, you agree to hold the Confidential Information in the strictest secrecy, and covenant that, during the term of your employment with the Company and its affiliates or at any time thereafter, you will not, without the prior written consent of the Board, directly or indirectly, allow any element of the Confidential Information to be disclosed, published or used, nor permit the Confidential Information to be discussed, published or used, either by himself or 

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by any third parties, except in effecting your duties for the Company and its affiliates in the ordinary course of business.

(iv)You agree that in addition to the forfeiture provisions described above, this Award and all other equity-based compensation awards granted to you by the Company or any affiliate, in each case, to the extent outstanding and unvested at the time of any such breach, shall be subject to immediate forfeiture and recoupment (in full) by the Company upon your breach, in any respect, of any of the covenants described in clauses (i), (ii) or (iii) above.

The Award has been granted under and is subject to the terms of the Plan unless specified within this Grant Agreement.   No portion of the Award will be eligible to vest unless the Company achieves positive net income (as determined in accordance with US GAAP) over any calendar year during the performance period.  In addition, further information concerning your Awards will be communicated at a later date.
You are required to accept this Award on-line with Fidelity at netbenefits.fidelity.com.   This Award must be accepted prior to the vesting date; otherwise, the Award will forfeit.  If you don’t accept your Award prior to your termination of employment and your termination is due to death or Disability, your Award will be considered accepted and will follow the terms for these specified terminations as noted above.  
If this is the first time you are receiving this type of Award, you will receive a “Welcome Kit” from Fidelity Stock Plan Services with additional information.
We value your contribution and commitment to the Company’s success and believe that this Award provides you a financial incentive that aligns your interests with the Company's shareholders.
Sincerely,
Gregory J. Goff
Chairman, President and Chief Executive Officer

{Acceptance Date}
{Electronic Signature}

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