Document:

EX-4.1

 Exhibit 4.1 
 GLOBAL NOTE 
 Unless and until this Security is exchanged in whole or in part for Securities in
definitive form, this Security may not be transferred except as a whole by The Depository Trust Company, a New York corporation (“DTC” or the “Depositary”), to a nominee of DTC or by a nominee of DTC to DTC or another nominee of
DTC or by DTC or any nominee to a successor Depositary or a nominee of any successor Depositary. Unless this certificate is presented by an authorized representative of DTC to the Issuer or its agent for registration of transfer, exchange or
payment, and any certificate issued is registered in the name of Cede & Co. or in such other name as is requested by an authorized representative of DTC (and any payment is made to Cede & Co. or to such other entity as is requested
by an authorized representative of DTC), ANY TRANSFER, PLEDGE OR OTHER USE HEREOF FOR VALUE OR OTHERWISE BY OR TO ANY PERSON IS WRONGFUL inasmuch as the registered owner hereof, Cede & Co., has an interest herein. 

EMERSON ELECTRIC CO. 
 2.625% Note Due 2023 
  

			
	Principal Amount	  	No. A-1
	$500,000,000	  	CUSIP 291011BE3

 EMERSON ELECTRIC CO., a Missouri corporation (the “Issuer”), for value received, hereby promises to pay to
Cede & Co. or registered assigns, at the agency of the Issuer in The City of New York, New York, the principal sum of FIVE HUNDRED MILLION DOLLARS on February 15, 2023, in immediately available funds in such coin or currency of the
United States of America as at the time of payment shall be legal tender for the payment of public and private debts, and to pay interest, semiannually on February 15 and August 15 of each year (each, an “Interest Payment Date”),
commencing August 15, 2013, on said principal sum at said office or agency, in like coin or currency, at the rate per annum specified in the title of this Note, from the most recent Interest Payment Date to which interest has been paid or, if
no interest has been paid, from February 20, 2013, until payment of said principal sum has been made or duly provided for; provided, that payment of interest may be made at the option of the Issuer by check mailed to the address of the person
entitled thereto as such address shall appear on the Security register. Each payment of interest in respect of an Interest Payment Date shall include interest accrued through the day prior to such Interest Payment Date. The interest so payable on
any Interest Payment Date will, subject to certain exceptions provided in the Indenture referred to on the reverse hereof, be paid to the person in whose name this Note is registered at the close of business on the February 1 or August 1,
as the case may be, next preceding such Interest Payment Date. 
 Reference is made to the further provisions of this Note set forth on the
reverse hereof. Such further provisions shall for all purposes have the same effect as though fully set forth at this place. 
 This Note shall
not be valid or become obligatory for any purpose until the certificate of authentication hereon shall have been signed by the Trustee under the Indenture referred to on the reverse hereof. 

 IN WITNESS WHEREOF, Emerson Electric Co. has caused this instrument to be signed by facsimile by its duly
authorized officers and has caused a facsimile of its corporate seal to be affixed hereunto or imprinted hereon. 
  

							
		 		 	EMERSON ELECTRIC CO.
				
	[SEAL]	 		 	By:	 	 
		 		 		 	Title: Executive Vice President and Chief Financial Officer
				
		 		 	By:	 	  

		 		 		 	Title: Vice President and Treasurer
		 		 		 	

 TRUSTEE’S CERTIFICATE OF AUTHENTICATION 

This is one of the Securities described in the within-mentioned Indenture. 

 

							
	Dated: February     , 2013	 		 	THE BANK OF NEW YORK MELLON TRUST COMPANY, N.A., as Trustee
		 		 	(successor to The Bank of New York Mellon)
				
		 		 	By:	 	 
		 		 		 	Authorized Signatory

 EMERSON ELECTRIC CO. 
 2.625% Note Due 2023 
 This Note is one of a duly authorized issue of unsecured
debentures, notes or other evidence of indebtedness of the Issuer (hereinafter called the “Securities”) of the series hereinafter specified, all issued or to be issued under and pursuant to an indenture dated as of December 10, 1998
(herein called the “Indenture”), duly executed and delivered by the Issuer to The Bank of New York Mellon Trust Company, N.A., as successor to The Bank of New York Mellon (formerly known as The Bank of New York), which is serving as
Trustee (herein called the “Trustee”), to which Indenture and all indentures supplemental thereto reference is hereby made for a description of the rights, limitations of rights, obligations, duties and immunities thereunder of the
Trustee, the Issuer and the holders of the Securities. The Securities may be issued in one or more series, which different series may be issued in various aggregate principal amounts, may mature at different times, may bear interest (if any) at
different rates, may be subject to different redemption provisions (if any), may be subject to different sinking, purchase or analogous funds (if any) and may otherwise vary as in the Indenture provided. This Note is one of a series designated as
the 2.625% Notes Due 2023 of the Issuer, limited in aggregate principal amount to $500,000,000 (herein called the “Notes”). 
 The Notes will be redeemable, in whole or from time to time in part, at the Issuer’s option on any date (a “Redemption Date”). Prior to November 15, 2022, the redemption price will be
equal to the greater of (1) 100 percent of the principal amount of the Notes to be redeemed and (2) the sum of the present values of the remaining scheduled payments of principal and interest thereon (exclusive of interest accrued to that
Redemption Date) discounted to that Redemption Date on a semi-annual basis (assuming a 360-day year consisting of twelve 30-day months) at the Treasury Rate (as defined below) plus 10 basis points, plus, in either case, accrued and unpaid interest
on the principal amount being redeemed to that Redemption Date. 
 On or after November 15, 2022, the Issuer may redeem the
Notes, in whole or from time to time in part, at a redemption price equal to 100 percent of the aggregate principal amount of the Notes being redeemed, plus accrued and unpaid interest on the principal amount being redeemed to the applicable
Redemption Date. 
 Notwithstanding the foregoing, installments of interest on the Notes which are due and payable on an
Interest Payment Date falling on or prior to the relevant Redemption Date shall be payable to the holders of those Notes, registered as such at the close of business on the relevant record date according to their terms and the provisions of the
Indenture. 
 “Treasury Rate” means, with respect to any Redemption Date for the Notes, (1) the yield,
under the heading which represents the average for the immediately preceding week, appearing in the most recently published statistical release designated “H.15(519)” or any successor publication which is published weekly by the Board of
Governors of the Federal Reserve System and which establishes yields on actively traded United States Treasury securities adjusted to constant maturity under the caption “Treasury Constant Maturities,” for the maturity corresponding to the
Comparable Treasury Issue (as defined below) (if no maturity is within three months before or after the maturity date, yields for the two published maturities most closely corresponding to the Comparable Treasury Issue shall be determined and the
Treasury 

 
Rate shall be interpolated or extrapolated from those yields on a straight line basis, rounding to the nearest month) or (2) if that release (or any successor release) is not published
during the week preceding the calculation date or does not contain those yields, the rate per annum equal to the semi-annual equivalent yield to maturity for the Comparable Treasury Issue, calculated using a price for the Comparable Treasury Issue
(expressed as a percentage of its principal amount) equal to the Comparable Treasury Price (as defined below) for that Redemption Date. The Treasury Rate shall be calculated on the third Business Day preceding the Redemption Date. 

“Comparable Treasury Issue” means the United States Treasury security selected by the Independent Investment Banker (as
defined below) as having a maturity comparable to the remaining term of the Notes to be redeemed that would be utilized, at the time of selection and in accordance with customary financial practice, in pricing new issues of corporate debt securities
of comparable maturity to the remaining term of the Notes. 
 “Independent Investment Banker” means Citigroup
Global Markets Inc., Deutsche Bank Securities Inc. or J.P. Morgan Securities LLC, or, if the foregoing firm or firms are unwilling or unable to select the Comparable Treasury Issue, an independent investment banking institution of national standing
appointed by the Issuer. 
 “Comparable Treasury Price” means with respect to any Redemption Date for the Notes
(1) the average of five Reference Treasury Dealer Quotations for that Redemption Date, after excluding the highest and lowest such Reference Treasury Dealer Quotations (as defined below), or (2) if the Independent Investment Banker obtains
fewer than five such Reference Treasury Dealer Quotations, the average of all such quotations. 
 “Reference Treasury
Dealer” means (1) Citigroup Global Markets Inc., Deutsche Bank Securities Inc. or J.P. Morgan Securities LLC, and their respective successors, provided, however, that if the foregoing firm or firms shall cease to be a primary U.S.
Government securities dealer in New York City (a “Primary Treasury Dealer”), the Issuer shall substitute therefor another Primary Treasury Dealer, and (2) any other Primary Treasury Dealers selected by the Issuer. 

“Reference Treasury Dealer Quotation” means with respect to each Reference Treasury Dealer (as defined above) and any
Redemption Date, the average, as determined by the Independent Investment Banker, of the bid and asked prices for the Comparable Treasury Issue (expressed in each case as a percentage of its principal amount) quoted in writing to the Independent
Investment Banker by that Reference Treasury Dealer at 5:00 p.m., New York City time, on the third Business Day preceding that Redemption Date. 
 Notice of any redemption by the Issuer will be mailed at least 30 days but not more than 60 days before any Redemption Date to each holder of the Notes to be redeemed. If less than all the Notes are to be
redeemed at the Issuer’s option, the Trustee shall select, in such manner as it shall deem fair and appropriate, the Notes to be redeemed in whole or in part. 
 In case an Event of Default with respect to the Notes shall have occurred and be continuing, the principal hereof may be declared, and upon such declaration shall become, due and payable, in the manner,
with the effect and subject to the conditions provided in the Indenture. 

 The Indenture contains provisions permitting the Issuer and the Trustee, with the consent of
the Holders of not less than a majority in aggregate principal amount of the Securities at the time Outstanding (as defined in the Indenture) of all series to be affected (voting as one class), evidenced as in the Indenture provided, to execute
supplemental indentures adding any provisions to or changing in any manner or eliminating any of the provisions of the Indenture or of any supplemental indenture or modifying in any manner the rights of the Holders of the Securities of each such
series; provided, however, that no such supplemental indenture shall (i) extend the final maturity of any Security, or reduce the principal amount thereof or any premium thereon, or reduce the rate or extend the time of payment of any
interest thereon, or reduce any amount payable on redemption thereof or reduce the amount of the principal of an Original Issue Discount Security (as defined in the Indenture) payable upon acceleration thereof or the amount thereof provable in
bankruptcy, or impair or affect the rights of any Holder to institute suit for the payment thereof, or, if the Securities provide therefor, any right of repayment at the option of the Holder, without the consent of the Holder of each Security so
affected, or (ii) reduce the aforesaid percentage of Securities, the Holders of which are required to consent to any such supplemental indenture, without the consent of the Holder of each Security affected. It is also provided in the Indenture
that, with respect to certain defaults or Events of Default regarding the Securities of any series, prior to any declaration accelerating the maturity of such Securities, the Holders of a majority in aggregate principal amount Outstanding of the
Securities of such series (or, in the case of certain defaults or Events of Default, all or certain series of the Securities) may on behalf of the Holders of all the Securities of such series (or all or certain series of the Securities, as the case
may be) waive any such past default or Event of Default and its consequences. The preceding sentence shall not, however, apply to a default in the payment of the principal of or premium, if any, or interest on any of the Securities. Any such consent
or waiver by the Holder of this Note (unless revoked as provided in the Indenture) shall be conclusive and binding upon such Holder and upon all future Holders and owners of this Note and any Notes which may be issued in exchange or substitution
herefor, irrespective of whether or not any notation thereof is made upon this Note or such other Notes. 
 No reference herein
to the Indenture and no provision of this Note or of the Indenture shall alter or impair the obligation of the Issuer, which is absolute and unconditional, to pay the principal of and any premium and interest on this Note in the manner, at the
respective times, at the rate and in the coin or currency herein prescribed. 
 The Notes are issuable only in registered form,
without coupons, in denominations of $1,000 and any integral multiple thereof, and in book-entry form. The Notes may be represented by one or more Global Securities (each, a “Global Note”) deposited with the Depositary and registered in
the name of the nominee of the Depositary, with certain limited exceptions. So long as DTC or any successor Depositary or its nominee is the registered Holder of a Global Note, DTC, such Depositary or such nominee, as the case may be, will be
considered the sole owner or Holder of the Notes represented by such Global Note for all purposes under the Indenture and the Notes. Beneficial interest in the Notes will be evidenced only by, and transfer thereof will be effected only through,
records maintained by DTC and its participants. Except as provided below, an owner of a beneficial interest in a Global Note will not be entitled to have Notes represented by such Global Note registered in such owner’s name, will not receive or
be entitled to receive physical delivery of the Notes in certificated form and will not be considered the owner or Holder thereof under the Indenture. 

 No Global Note may be transferred except as a whole by the Depositary to a nominee of the
Depositary. Global Notes are exchangeable for certificated Notes only if (x) the Depositary notifies the Issuer that it is unwilling or unable to continue as Depositary for such Global Notes or if at any time the Depositary ceases to be a
clearing agency registered under the Securities Exchange Act of 1934, as amended, and the Issuer fails within 90 days thereafter to appoint a successor, (y) the Issuer in its sole discretion determines that such Global Notes shall be so
exchangeable or (z) there shall have occurred and be continuing an Event of Default or an event which with the giving of notice or lapse of time or both would constitute an Event of Default with respect to the Notes represented by such Global
Notes. In such event, the Issuer will issue Notes in certificated form in exchange for such Global Notes. In any such instance, an owner of a beneficial interest in the Global Notes will be entitled to physical delivery in certificated form of Notes
equal in principal amount to such beneficial interest and to have such Notes registered in its name. Notes so issued in certificated form will be issued in denominations of $1,000 or any integral multiple thereof, and will be issued in registered
form only, without coupons. 
 The Issuer, the Trustee and any authorized agent of the Issuer or the Trustee may deem and treat
the registered Holder hereof as the absolute owner of this Note (whether or not this Note shall be overdue and notwithstanding any notation of ownership or other writing hereon), for the purpose of receiving payment of, or on account of, the
principal hereof and premium, if any, and subject to the provisions on the face hereof, interest hereon, and for all other purposes, and neither the Issuer nor the Trustee nor any authorized agent of the Issuer or the Trustee shall be affected by
any notice to the contrary. 
 No recourse under or upon any obligation, covenant or agreement of the Issuer in the Indenture or
any indenture supplemental thereto or in any Note, or because of the creation of any indebtedness represented thereby, shall be had against incorporator, stockholder, officer or director, as such, of the Issuer or of any successor corporation,
either directly or through the Issuer or any successor corporation, under any rule of law, statute or constitutional provision or by the enforcement of any assessment or by any legal or equitable proceeding or otherwise, all such liability being
expressly waived and released by the acceptance hereof and as part of the consideration for the issue hereof. 
 The acceptance
of this Note shall be deemed to constitute the consent and agreement of the Holder hereof to all of the terms and provisions of the Indenture. Terms used herein which are defined in the Indenture shall have the respective meanings assigned thereto
in the Indenture. 
 THE INDENTURE AND THE NOTES SHALL BE GOVERNED BY AND CONSTRUED IN ACCORDANCE WITH THE LAWS OF THE STATE OF
NEW YORK, WITHOUT REGARD TO CONFLICTS OF LAW PRINCIPLES THEREOF.EX-10.26.5

 Exhibit 10.26.5 

 
 

 
 TARGETED VARIABLE LONG TERM INCENTIVE PROGRAM 

SEPTEMBER 18, 2012 
 KEY EMPLOYEE AWARD 
 TERMS AND CONDITIONS 

This Key Employee Award Terms and Conditions describes terms and conditions of Restricted Stock Unit Awards, as part of the
ConocoPhillips Targeted Variable Long Term Incentive Program (Program), granted under the 2011 Omnibus Stock and Performance Incentive Plan of ConocoPhillips (referred to as the Plan) by ConocoPhillips (Company) to certain eligible Employees
(Employees). These Terms and Conditions, together with the Annual Award Summary given to each Employee receiving an Award, form the Award Agreement (the Agreement) relating to the Awards described. The Agreement covers Restricted Stock Units granted
under the Program, and the term Employee covers recipients of Awards under the Program. 
  

	1.	Type and Size of Grant. Subject to the Plan and this Agreement, the Company grants to certain eligible Employees Restricted Stock Units. Individual awards
will be as set forth in the Annual Award Summary given to each Employee to whom an Award is granted. The Annual Award Summary for each Employee is made a part of this Agreement with regard to such Employee. 

 

	2.	Grant Date, Price, and Plan. The Grant Date and the Grant Price are set forth on the Award Summary given to each Employee to whom an Award is granted.
Awards are made under the 2011 Omnibus Stock and Performance Incentive Plan. 

  

	3.	Restrictions, Forfeiture, and Lapse of Restrictions. The Restricted Stock Units subject hereto may be canceled or forfeited as set forth herein. Except as
otherwise noted in this Agreement, the following summary table describes restrictions and terms, forfeiture, and lapse of restrictions, subject to the more detailed provisions set forth below: 

Summary Table 
  

					
	  
 Summary of Termination Rules

	Status	  	 Termination

Date
	  	Forfeiture or Lapsing of Restrictions
	 Retirement (age 65 and 5
 years of service)
	  	 Prior to 6

months from
 Grant
Date
	  	 Canceled upon Termination

	  	 6 months from

Grant Date &

after
	  	 Restrictions lapse on Termination date

	 Layoff
	  	 Prior to 6

months from
 Grant
Date
	  	 Canceled upon Termination

	  	 6 months from

Grant Date &

after
	  	 Award is prorated and restrictions on remaining units lapse on
Termination date

	 Disability
	  	 Prior to 1 month

from Grant Date
	  	 Canceled upon Termination

	  	 1 month from

Grant Date &

after
	  	 Award is prorated and restrictions on remaining units lapse on
Termination date

  

					
	 Effective 9/18/2012
	  	Page 1 of 13	  	

					
	
Death
	  	
Prior to 1 month
 from
Grant Date
	  	Canceled upon Termination
	  	 1 month from

Grant Date &

after
	  	Award is prorated and restrictions on
remaining units lapse on Termination
date
	Divestitures, outsourcing, and moves to joint ventures	  	 Any date after

Grant Date
	  	Canceled upon Termination, unless approval otherwise
	 All other
Terminations
	  	 	  	Canceled upon Termination

  

	(a)	 Restrictions and Terms. 

	 	(i)	 The Award shall be held in escrow by the Company until the lapsing of restrictions placed upon the Award. The Employee shall not have the right to
sell, transfer, assign, or otherwise dispose of Restricted Stock Units granted in an Award until the escrow is terminated. Except as set forth below, the Award shall be forfeited and the related Restricted Stock Units canceled upon the
Employee’s Termination of Employment with the Company prior to the lapsing of restrictions. Restrictions shall lapse on one-third of the Restricted Stock Units granted in an Award (rounded down to the nearest whole share) on the first
anniversary of the Grant Date; restrictions shall lapse on a further one-third of the Restricted Stock Units granted in an Award (rounded down to the nearest whole share) on the second anniversary of the Grant Date; and restrictions shall lapse on
the remaining Restricted Stock Units granted in an Award on the third anniversary of the Grant Date. Upon the lapsing of restrictions, the number of shares of unrestricted Stock equal to the number of shares of Restricted Stock Units for which the
restrictions have so lapsed shall be registered in the Employee’s name, and the related shares of Restricted Stock Units shall be canceled; provided, however, that in places where it is determined by the Administrator that payout in the form of
unrestricted Stock is prohibited by law, regulation, or decree, or where the cost of legal compliance to issue the unrestricted Stock would be unreasonably expensive, the Fair Market Value of such unrestricted Stock shall be paid in cash instead of
settlement of the Award in unrestricted Stock. Cash payouts are only permitted where such legal restrictions exist. Settlement of the Award in unrestricted Stock or cash payout, if any, shall be made upon the lapsing of restrictions on the Award,
but, in any event, shall be made no later than March 15 of the year following the year in which such restrictions lapse. 

	 	(ii)	 Restricted Stock Units do not have any voting rights or other rights generally associated with Stock, and are merely an obligation of the Company to
make settlement in accordance with the terms and conditions applicable to such Restricted Stock Units. Restricted Stock Units granted to Employees under the Program shall not accrue or be paid a dividend equivalent. 

 

	(b)	 Termination of Employment. 

  

	 	(i)	 General Rule for Termination. If, prior to the date on which restrictions lapse in accordance with the schedule set forth in the Award, the
Employee’s employment with a Participating Company shall be terminated for any reason except death, Disability, Retirement, or Layoff, any Restricted Stock Units remaining in escrow pursuant to such Award shall be canceled and all rights
thereunder shall cease; provided, however, that the Authorized Party may, in its or his sole discretion, determine that all or any portion of an Award shall not be canceled due to Termination of Employment. 

  

					
	 Effective 9/18/2012
	  	Page 2 of 13	  	

	 	(ii)	 Layoff or Retirement Within Six Months. If, prior to a date six months from the date an Award is granted, the Employee’s employment with
a Participating Company shall be terminated by reason of Layoff or Retirement, such Award shall be canceled and all rights thereunder shall cease. 

  

	 	(iii)	 Layoff After Six Months. If, on or after a date six months from the date an Award is granted, the Employee’s employment with a
Participating Company shall be terminated by reason of Layoff, the Employee shall retain a prorated number of the Restricted Stock Units of the Award. The number of Restricted Stock Units retained will be computed by multiplying the original number
of Restricted Stock Units granted by a fraction, the numerator of which is the number of full months of employment from the first day of the month in which the Award was granted until the date the employee is terminated and the denominator of which
is 36. Such calculation shall be rounded down to the nearest whole share. From this result the number of shares previously settled (or applied to tax withholding) from the Award shall be subtracted to determine the prorated Award. In such case, the
restrictions on the prorated Award shall lapse on the date of Termination of the Employee from the employ of the Company and its subsidiaries, and settlement shall be made in accordance with the settlement provisions above. The remainder of the
Award shall be canceled and all rights thereunder shall cease. 

  

	 	(iv)	 Retirement After Six Months. If, on or after a date six months from the Grant Date of an Award, the Employee’s employment with a
Participating Company shall be terminated by reason of Retirement, the Employee shall retain all rights provided by the Award at the time of such Termination of Employment. In such case, the restrictions on the Award shall lapse on the date of
Termination of the Employee from the employ of the Company and its subsidiaries, and settlement shall be made in accordance with the settlement provisions above. 

 

	 	(v)	 Disability. If, after a date from the date an Award is granted, an Employee shall terminate employment following Disability of the Employee,
the Employee shall retain a prorated number of the Award shares or units granted. The number of Award shares or units retained will be computed by multiplying the original number of Award shares or units granted by a fraction, the numerator of which
is the number of full months of employment from the first day of the month in which the Award was granted until the date the employee is terminated and the denominator of which is 36. Such calculation shall be rounded down to the nearest whole
share. From this result the number of shares previously settled (or applied to tax withholding) from the Award shall be subtracted to determine the prorated Award. In such case, the restrictions on the prorated Award shall lapse on the date of
Termination of the Employee from the employ of the Company and its subsidiaries, and settlement shall be made in accordance with the settlement provisions above. The remainder of the Award shall be canceled and all rights thereunder shall cease.

  

	 	(vi)	 Death. If, after a date from the date an Award is granted, an Employee shall die while in the employ of a Participating Company, the
executor or administrator of the estate of the Employee or the person or persons to whom the Award shall have been validly transferred by the executor or the administrator pursuant to will or the laws of descent and distribution shall have the right
to settlement of the Award to the same extent the Employee would have, had the Employee not died. In such case, the restrictions on a prorated number of the Restricted Stock Units granted in the Award shall lapse upon the determination of death by
the Administrator, and settlement shall be made in accordance with the settlement provisions above. The number of Award shares or units retained will be computed by multiplying the original number of Award shares or units granted by a fraction, the
numerator of which is the number of full months of employment from the first day of the month in which the Award was granted until the date the employee is 

  

					
	 Effective 9/18/2012
	  	Page 3 of 13	  	

	 	 
terminated and the denominator of which is 36. Such calculation shall be rounded down to the nearest whole share. From this result the number of shares previously settled (or applied to tax
withholding) from the Award shall be subtracted to determine the prorated Award. In such case, the restrictions on the prorated Award shall lapse on the date of Termination of the Employee from the employ of the Company and its subsidiaries, and
settlement shall be made in accordance with the settlement provisions above. The remainder of the Award shall be canceled and all rights thereunder shall cease. No transfer of an Award, or of the unrestricted Stock or other proceeds of an Award, by
the Employee by will or by the laws of descent and distribution shall be effective to bind the Company unless the Administrator shall have been furnished with written notice thereof and a copy of the will and such other evidence as the Administrator
may deem necessary to establish the validity of the transfer and the acceptance by the transferee or transferees of the terms and conditions of such Award. 

 

	 	(vii)	 Transfers and Leaves. Transfer of employment between Participating Companies shall not constitute Termination of Employment for the purpose
of any Award granted under the Program. Whether any leave of absence shall constitute Termination of Employment for the purposes of any Award granted under the Program shall be determined by the Administrator, in each case in accordance with
applicable law and by application of the policies and procedures adopted by the Company in relation to such leave of absence. 

  

	 	(viii)	 Divestiture, Outsourcing, or Move to Joint Venture. If, after the date the Award is granted, a Employee ceases to be employed by
Participating Company as a result of (a) the outsourcing of a function, (b) the sale or transfer of all or a portion of the equity interest of such Participating Company (removing it from the controlled group of companies of which the
Company is a part), (c) the sale of all or substantially all of the assets of such Participating Company to another employer outside of the controlled group of corporations (whether the Employee is offered employment or accepts employment with
the other employer), (d) the Termination of the Employee by a Participating Company followed by employment within a reasonable time with a company or other entity in which the Company owns, directly or indirectly, at least a 50% interest, prior
to exercise of an Award, or (e) any other sale of assets determined by the Authorized Party to be considered a divestiture under this program, the Authorized Party may, in its or his sole discretion, determine that all or a portion of any such
Award shall not be canceled. In such cases, the restrictions on the Award shall lapse on the date of Termination of the Employee from the employ of the Company and its subsidiaries, and settlement shall be made in accordance with the settlement
provisions above. 

  

	 	(ix)	 Change of Control. In the event of a Change of Control, as defined hereafter, unless explicitly provided otherwise in the applicable Award
Agreement, all restrictions and other limitations applicable to any Restricted Stock Units granted in any Award shall remain in effect and will lapse in accordance with other provisions of this Award Agreement. Settlement in unrestricted Stock or
cash shall be made at the same times and upon the same events as it would otherwise have been made in accordance with the settlement provisions above. 

  

	 	(x)	 Notwithstanding anything herein to the contrary, in the event that this Award or any rights associated with this Award are includible in income
pursuant to section 409A of the Internal Revenue Code, settlement of the Award or any other distribution hereunder due to Separation from Service with the Company and its subsidiaries shall not be made to a “specified employee” (as that
term is defined in section 409A(a)(2)(B)(i)) prior to six months after the specified employee’s Separation from Service from the Company and its subsidiaries (or, if earlier, the date of death of the specified employee).

  

	(c)	 Detrimental Activities and Suspension of Award. 

  

					
	 Effective 9/18/2012
	  	Page 4 of 13	  	

	 	(i)	 If the Authorized Party determines that, subsequent to the grant of any Award, the Employee has engaged or is engaging in any activity which, in the
sole judgment of the Authorized Party, is or may be detrimental to the Company or a subsidiary, the Authorized Party may cancel all or part of the Restricted Stock Units held in escrow pursuant to the Award or Awards granted to that Employee.

  

	 	(ii)	 If the Authorized Party, in its or his sole discretion, determines that the lapsing of restrictions on Restricted Stock Units held in escrow
pursuant to any Award has the possibility of violating any law, regulation, or decree pertaining to the Company or Employee, the Authorized Party may freeze or suspend the Employee’s right to settlement or payout of the Award until such time as
the lapse of restrictions would no longer, in the sole discretion of the Authorized Party, have the possibility of violating such law, regulation, or decree. 

 

	 	(iii)	 Notwithstanding anything herein to the contrary, any Award is subject to forfeiture or recoupment, in whole or in part, under applicable law,
including the Sarbanes-Oxley Act and the Dodd-Frank Act. 

  

	4.	 Assignment of Award Upon Death. Rights under the Plans and this Agreement cannot be assigned or transferred other than by
(i) will or (ii) the laws of descent and distribution. 

  

	5.	 Tax Withholding. In all cases the Employee will be responsible to pay all required withholding taxes associated with an Award. Should
a withholding tax obligation arise with regard to an Award or the lapsing of restrictions on Restricted Stock Units granted in an Award, the withholding tax may be satisfied by withholding units or shares of Stock. The value of the units or shares
of Stock withheld for this purpose shall not exceed the minimum withholding amount required by applicable laws and regulations. In cases where a withholding tax obligation arises prior to the lapse of restrictions on Restricted Stock Units granted
in an Award, the withholding tax may be satisfied instead by other methods determined by the Administrator, such as payment of cash by the Employee or, if agreed by the Employee, payroll withholding. In cases where payment by payroll withholding
cannot be made due to circumstances arising after the election or where the Administrator has determined that such withholding would violate any applicable law, regulation, or decree, shares of Stock shall be withheld instead. When necessary,
lapsing of restrictions may be accelerated by the Authorized Party to the extent necessary to provide shares of Stock to satisfy any withholding tax obligation. This withholding tax obligation includes, but is not limited to, federal, state, and
local taxes, including applicable non-U.S. taxes such as U.K. PAYE. 

  

	6.	 Shareholder Rights for Restricted Stock Units. The Employee shall not have the rights of a shareholder until the Restricted Stock Unit
has been canceled and ownership of shares of Stock has been transferred to the Employee. 

  

	7.	 Certain Adjustments. In the event certain corporate transactions, recapitalizations, or stock splits occur while Restricted Stock
Units are outstanding, the Grant Price and the number of Restricted Stock Units shall be correspondingly adjusted. 

  

	8.	 Relationship to the Plan. In addition to the terms and conditions described in this Agreement, Awards are subject to all other
applicable provisions of the Plan. The decisions of the Committee with respect to questions arising as to the interpretation of the Plan or this Agreement and as to findings of fact, shall be final, conclusive, and binding.

  

	9.	 No Employment Guarantee. No provision of this Agreement shall confer any right upon the Employee to continued employment with any
Participating Company. 

  

					
	 Effective 9/18/2012
	  	Page 5 of 13	  	

	10.	 Governing Law. This Agreement shall be governed by, construed, and enforced in accordance with the laws of the State of Delaware.

  

	11.	 Amendment. Without the consent of the Employee, this Agreement may be amended or supplemented (i) to cure any ambiguity or to
correct or supplement any provision herein which may be defective or inconsistent with any other provision herein, or (ii) to add to the covenants and agreements of the Company for the benefit of an Employee or to add to the rights of an
Employee or to surrender any right or power reserved to or conferred upon the Company in this Agreement, provided, in each case, that such changes or corrections shall not adversely affect the rights of the Employee with respect to the grant of an
Award evidenced hereby without the Employee’s consent, or (iii) to make such other changes as the Company, upon advice of counsel, determines are necessary or advisable because of the adoption or promulgation of, or change in or of the
interpretation of, any law or governmental rule or regulation, including any applicable federal or state securities or tax laws. 

  

					
	 Effective 9/18/2012
	  	Page 6 of 13	  	

 DEFINITIONS 
 Capitalized terms not defined below shall have the meanings set forth in the Plan. 
 Authorized Party means the person who is authorized to approve an Award, exercise discretion or take action under the Administrative Procedure for the Restricted Stock Program and pursuant
to the Program. With regard to Senior Officers, the Committee is the Authorized Party. With regard to other Employees, the Chief Executive Officer, acting as the Special Equity Award Committee of the Board of Directors of the Company, is the
Authorized Party, although the Committee may act concurrently as the Authorized Party. 
 Award means any
Restricted Stock Units granted to an Employee pursuant to such applicable terms, conditions, and limitations as the Authorized Party may establish in order to fulfill the objectives of the Program. 

Change of Control has the meaning set forth in Attachment A to these Terms and Conditions. 

Committee means the Human Resources and Compensation Committee of the Board of Directors of the Company, or any successor
committee to it. 
 Company means ConocoPhillips, a Delaware corporation. 

Disability means a disability for which the employee in question has been determined to be entitled to either
(i) benefits under the applicable plan of long-term disability of the Company or its subsidiaries or (ii) disability benefits under the Social Security Act. In the absence of any such determination, the Authorized Party may make a
determination that the employee has a Disability. 
 Fair Market Value means, as of a particular
date, the mean between the highest and lowest sales price per share of such Stock on the consolidated transaction reporting system for the principal national securities exchange on which shares of Stock are listed on that date, or, if there shall
have been no such sale so reported on that date, on the next preceding date on which such a sale was so reported, or, at the discretion of the Committee, the price prevailing on the exchange at a designated time. 

Grant Price means the Fair Market Value for one share of Stock as of the date of the grant of an Award. Grant price is not
adjusted for any restrictions applicable to the Award. 
 Layoff means an applicable Termination of Employment due
to layoff under the ConocoPhillips Severance Pay Plan, the ConocoPhillips Executive Severance Plan, or the ConocoPhillips Key Employee Change in Control Severance Plan, or layoff or redundancy under any similar layoff or redundancy plan which the
Company or its subsidiaries may adopt from time to time. If all or any portion of the benefits under the redundancy or layoff plan are contingent on the employee’s signing a general release of liability, such Termination shall not be considered
as a “Layoff” for purposes of this Award unless the employee executes and does not revoke a general release of liability, acceptable to the Company, under the terms of such layoff or redundancy plan. In order to be considered a layoff for
purposes of this Award, the Termination of Employment must also be considered a Separation from Service. 
 Participating
Company includes ConocoPhillips and its 100% owned subsidiaries, including both those directly owned and those owned through subsidiaries, whose participation has been approved by the Authorized Party. 

Restricted Stock Unit means a unit equal to one share of Stock (as determined by the Authorized Party) that is subject to
forfeiture provisions or that has certain restrictions attached to the ownership thereof. 

  

					
	 Effective 9/18/2012
	  	Page 7 of 13	  	

 Retirement means Termination at age 65 or older with a minimum of 5 years
service with a Participating Company; provided, however, that with regard to an Employee not on the United States payroll, the CEO may approve the use of a different definition. Service is defined by the policies of the Participating Company.

 Senior Officer means the Chairman of the Board, the CEO, all other executive officers of the Company
(determined in accordance with the Company’s custom and practice pursuant to section 16(b) of the Securities Exchange Act of 1934, as amended), all other employees of the Company who report directly to the CEO and whose salary grade is 23 or
higher, and all other employees of the Company whose salary grade is 26 or higher. 
 Separation from
Service means “separation from service” as that term is used in section 409A of the Internal Revenue Code. 

Stock means shares of common stock of the Company, par value $.01. Stock may also be referred to as “Common Stock.” 

Termination and Termination of Employment mean cessation of employment with the Participating Companies,
determined in accordance with the policies and practices of the Participating Company for whom the Employee was last performing services. 

  

					
	 Effective 9/18/2012
	  	Page 8 of 13	  	

 Attachment A 
 Change of Control 
 The following definitions apply to the
Change of Control provision in Paragraph 10 of the Plan. 
 Affiliate shall have the meaning
ascribed to such term in Rule 12b-2 of the General Rules and Regulations under the Exchange Act, as in effect at the time of determination. 
 Associate shall mean, with reference to any Person, (a) any corporation, firm, partnership, association, unincorporated organization or other entity (other than the Company or a
subsidiary of the Company) of which such Person is an officer or general partner (or officer or general partner of a general partner) or is, directly or indirectly, the Beneficial Owner of 10% or more of any class of equity securities, (b) any
trust or other estate in which such Person has a substantial beneficial interest or as to which such Person serves as trustee or in a similar fiduciary capacity and (c) any relative or spouse of such Person, or any relative of such spouse, who
has the same home as such Person. 
 Beneficial Owner shall mean, with reference to any
securities, any Person if: 
 (a) such Person or any of such Person’s Affiliates and
Associates, directly or indirectly, is the “Beneficial Owner” of (as determined pursuant to Rule 13d-3 of the General Rules and Regulations under the Exchange Act, as in effect at the time of determination) such securities or
otherwise has the right to vote or dispose of such securities; 
 (b) such Person or any of such
Person’s Affiliates and Associates, directly or indirectly, has the right or obligation to acquire such securities (whether such right or obligation is exercisable or effective immediately or only after the passage of time or the occurrence of
an event) pursuant to any agreement, arrangement or understanding (whether or not in writing) or upon the exercise of conversion rights, exchange rights, other rights, warrants or options, or otherwise; provided, however, that a Person shall not be
deemed the Beneficial Owner of, or to “beneficially own,” (i) securities tendered pursuant to a tender or exchange offer made by such Person or any of such Person’s Affiliates or Associates until such tendered securities are
accepted for purchase or exchange or (ii) securities issuable upon exercise of Exempt Rights; or 
 (c) such Person or any of such Person’s Affiliates or Associates (i) has any agreement, arrangement or understanding (whether or not in writing) with any other Person (or any Affiliate or
Associate thereof) that beneficially owns such securities for the purpose of acquiring, holding, voting (except as set forth in the proviso to subsection (a) of this definition) or disposing of such securities or (ii) is a member of a
group (as that term is used in Rule 13d-5(b) of the General Rules and Regulations under the Exchange Act) that includes any other Person that beneficially owns such securities; 

provided, however, that nothing in this definition shall cause a Person engaged in business as an underwriter of securities to be the
Beneficial Owner of, or to beneficially own, any securities acquired through such Person’s participation in good faith in a firm commitment underwriting until the expiration of 40 days after the date of such acquisition. For purposes hereof,
“voting” a security shall include voting, granting a proxy, consenting or making a request or demand relating to corporate action (including, without limitation, a demand for a shareholder list, to call a shareholder meeting or to inspect
corporate books and records) or otherwise giving an authorization (within the meaning of Section 14(a) of the Exchange Act) in respect of such security. 
 The terms beneficially own and beneficially owning shall have meanings that are correlative to this definition of the term Beneficial Owner. 

  

					
	 Effective 9/18/2012
	  	Page 9 of 13	  	

 Board shall have the meaning set forth in the foregoing Plan.

 Change of Control shall mean any of the following occurring on or after May 11, 2011:

 (a) any Person (other than an Exempt Person) shall become the Beneficial Owner of 20% or more
of the shares of Common Stock then outstanding or 20% or more of the combined voting power of the Voting Stock of the Company then outstanding; provided, however, that no Change of Control shall be deemed to occur for purposes of this
subsection (a) if such Person shall become a Beneficial Owner of 20% or more of the shares of Common Stock or 20% or more of the combined voting power of the Voting Stock of the Company solely as a result of (i) an Exempt Transaction or
(ii) an acquisition by a Person pursuant to a reorganization, merger or consolidation, if, following such reorganization, merger or consolidation, the conditions described in clauses (i), (ii) and (iii) of subsection (c) of
this definition are satisfied; 
 (b) individuals who, as of May 11, 2011, constitute the
Board (the “Incumbent Board”) cease for any reason to constitute at least a majority of the Board; provided, however, that any individual becoming a director subsequent to May 11, 2011 whose election, or nomination for election by the
Company’s shareholders, was approved by a vote of at least a majority of the directors then comprising the Incumbent Board shall be considered as though such individual were a member of the Incumbent Board; provided, further, that there shall
be excluded, for this purpose, any such individual whose initial assumption of office occurs as a result of any actual or threatened Election Contest that is subject to the provisions of Rule 14a-11 of the General Rules and Regulations under
the Exchange Act; 
 (c) the Company shall consummate a reorganization, merger, or
consolidation, in each case, unless, following such reorganization, merger, or consolidation, (i) 50% or more of the then outstanding shares of common stock of the corporation, or common equity securities of an entity other than a corporation,
resulting from such reorganization, merger, or consolidation and the combined voting power of the then outstanding Voting Stock of such corporation or other entity are beneficially owned, directly or indirectly, by all or substantially all of the
Persons who were the Beneficial Owners of the outstanding Common Stock immediately prior to such reorganization, merger, or consolidation in substantially the same proportions as their ownership, immediately prior to such reorganization, merger, or
consolidation, of the outstanding Common Stock, (ii) no Person (excluding any Exempt Person or any Person beneficially owning, immediately prior to such reorganization, merger, or consolidation, directly or indirectly, 20% or more of the Common
Stock then outstanding or 20% or more of the combined voting power of the Voting Stock of the Company then outstanding) beneficially owns, directly or indirectly, 20% or more of the then outstanding shares of common stock of the corporation, or
common equity securities of an entity other than a corporation, resulting from such reorganization, merger, or consolidation or the combined voting power of the then outstanding Voting Stock of such corporation or other entity, and (iii) at
least a majority of the members of the board of directors of the corporation, or the body which is most analogous to the board of directors of a corporation if not a corporation, resulting from such reorganization, merger, or consolidation were
members of the Incumbent Board at the time of the initial agreement or initial action by the Board providing for such reorganization, merger, or consolidation; or 

(d) (i) the shareholders of the Company shall approve a complete liquidation or dissolution of the
Company unless such liquidation or dissolution is approved as part of a plan of liquidation and dissolution involving a sale or disposition of all or substantially all of the assets of the Company to a corporation with respect to which, following
such sale or other disposition, all of the requirements of clauses (ii)(A), (B), and (C) of this subsection (d) are satisfied, or (ii) the Company shall consummate the sale or other disposition of all or substantially all of
the assets of the Company, other than to a corporation or other entity, with respect to which, following such sale or other disposition, 

  

					
	 Effective 9/18/2012
	  	Page 10 of 13	  	

 
(A) 50% or more of the then outstanding shares of common stock of such corporation, or common equity securities of an entity other than a corporation, and the combined voting power of the
Voting Stock of such corporation or other entity is then beneficially owned, directly or indirectly, by all or substantially all of the Persons who were the Beneficial Owners of the outstanding Common Stock immediately prior to such sale or other
disposition in substantially the same proportion as their ownership, immediately prior to such sale or other disposition, of the outstanding Common Stock, (B) no Person (excluding any Exempt Person and any Person beneficially owning,
immediately prior to such sale or other disposition, directly or indirectly, 20% or more of the Common Stock then outstanding or 20% or more of the combined voting power of the Voting Stock of the Company then outstanding) beneficially owns,
directly or indirectly, 20% or more of the then outstanding shares of common stock of such corporation, or common equity securities of an entity other than a corporation, and the combined voting power of the then outstanding Voting Stock of such
corporation or other entity, and (C) at least a majority of the members of the board of directors of such corporation, or the body which is most analogous to the board of directors of a corporation if not a corporation, were members of the
Incumbent Board at the time of the initial agreement or initial action of the Board providing for such sale or other disposition of assets of the Company. 
 Common Stock shall have the meaning set forth in the foregoing Plan. 
 Company shall have the meaning set forth in the foregoing Plan. 
 Election Contest shall mean a solicitation of proxies of the kind described in Rule 14a-12(c) under the Exchange Act. 

Exchange Act shall mean the Securities Exchange Act of 1934, as amended. 

Exempt Person shall mean any of the Company, any subsidiary of the Company, any employee benefit plan of
the Company or any subsidiary of the Company, and any Person organized, appointed or established by the Company for or pursuant to the terms of any such plan. 
 Exempt Rights shall mean any rights to purchase shares of Common Stock or other Voting Stock of the Company if at the time of the issuance thereof such rights are not separable from such
Common Stock or other Voting Stock (i.e., are not transferable otherwise than in connection with a transfer of the underlying Common Stock or other Voting Stock), except upon the occurrence of a contingency, whether such rights exist as of
May 11, 2011 or are thereafter issued by the Company as a dividend on shares of Common Stock or other Voting Securities or otherwise. 
 Exempt Transaction shall mean an increase in the percentage of the outstanding shares of Common Stock or the percentage of the combined voting power of the outstanding Voting Stock of the
Company beneficially owned by any Person solely as a result of a reduction in the number of shares of Common Stock then outstanding due to the repurchase of Common Stock or Voting Stock by the Company, unless and until such time as (a) such
Person or any Affiliate or Associate of such Person shall purchase or otherwise become the Beneficial Owner of additional shares of Common Stock constituting 1% or more of the then outstanding shares of Common Stock or additional Voting Stock
representing 1% or more of the combined voting power of the then outstanding Voting Stock, or (b) any other Person (or Persons) who is (or collectively are) the Beneficial Owner of shares of Common Stock constituting 1% or more of the then
outstanding shares of Common Stock or Voting Stock representing 1% or more of the combined voting power of the then outstanding Voting Stock shall become an Affiliate or Associate of such Person. 

Person shall mean any individual, firm, corporation, partnership, association, trust, unincorporated
organization or other entity. 

  

					
	 Effective 9/18/2012
	  	Page 11 of 13	  	

 Voting Stock shall mean, (1) with respect to a
corporation, all securities of such corporation of any class or series that are entitled to vote generally in the election of, or to appoint by contract, directors of such corporation (excluding any class or series that would be entitled so to vote
by reason of the occurrence of any contingency, so long as such contingency has not occurred) and (ii) with respect to an entity which is not a corporation, all securities of any class or series that are entitled to vote generally in the
election of, or to appoint by contract, members of the body which is most analogous to the board of directors of a corporation. 

  

					
	 Effective 9/18/2012
	  	Page 12 of 13	  	

 Attachment B 
 2012 Restricted Stock Unit Early Vesting Schedule for 
 Retirement, Layoff,
Disability & Death 
  

									
	Termination Date	 	  	  	  

TVLTI Grant Payout %

 

	 	  	    Retirement    	  	        Layoff      
  	  	    Disability and    

Death
	 Less than 1 month
	 		  	0%	  	0%	  	0%
	 Oct 18 2012 - Nov 17 2012
	 		  	0%	  	0%	  	3%
	 Nov 18 2012 - Dec 17 2012
	 		  	0%	  	0%	  	6%
	 Dec 18 2012 - Jan 17 2013
	 		  	0%	  	0%	  	8%
	 Jan 18 2013 - Feb 17 2013
	 		  	0%	  	0%	  	11%
	 Feb 18 2013 - Mar 17 2013
	 		  	0%	  	0%	  	14%
	 Mar 18 - Mar 31 2013
	 		  	100%	  	17%	  	17%
	 Apr-2013
	 		  	100%	  	19%	  	19%
	 May-2013
	 		  	100%	  	22%	  	22%
	 Jun-2013
	 		  	100%	  	25%	  	25%
	 Jul-2013
	 		  	100%	  	28%	  	28%
	 Aug-2013
	 		  	100%	  	31%	  	31%
	 Sep-2013
	 		  	100%	  	33%	  	33%
	 Oct-2013
	 		  	100%	  	36%	  	36%
	 Nov-2013
	 		  	100%	  	39%	  	39%
	 Dec-2013
	 		  	100%	  	42%	  	42%
	 Jan-2014
	 		  	100%	  	44%	  	44%
	 Feb-2014
	 		  	100%	  	47%	  	47%
	 Mar-2014
	 		  	100%	  	50%	  	50%
	 Apr-2014
	 		  	100%	  	53%	  	53%
	 May-2014
	 		  	100%	  	56%	  	56%
	 Jun-2014
	 		  	100%	  	58%	  	58%
	 Jul-2014
	 		  	100%	  	61%	  	61%
	 Aug-2014
	 		  	100%	  	64%	  	64%
	 Sep-2014
	 		  	100%	  	67%	  	67%
	 Oct-2014
	 		  	100%	  	69%	  	69%
	 Nov-2014
	 		  	100%	  	72%	  	72%
	 Dec-2014
	 		  	100%	  	75%	  	75%
	 Jan-2015
	 		  	100%	  	78%	  	78%
	 Feb-2015
	 		  	100%	  	81%	  	81%
	 Mar-2015
	 		  	100%	  	83%	  	83%
	 Apr-2015
	 		  	100%	  	86%	  	86%
	 May-2015
	 		  	100%	  	89%	  	89%
	 Jun-2015
	 		  	100%	  	92%	  	92%
	 Jul-2015
	 		  	100%	  	94%	  	94%
	 Aug-2015
	 		  	100%	  	97%	  	97%
	 Sep-2015
	 	 	  	100%	  	100%	  	100%

  

	*	 For purposes of this table, Termination Date is the first day a participant is no longer employed by and performing services for ConocoPhillips or its
subsidiaries. 

  

					
	 Effective 9/18/2012
	  	Page 13 of 13

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