Document:

Unassociated Document

    AMENDMENT
      NO. 1

    TO

    BURLINGTON
      RESOURCES INC.

    2000
      STOCK OPTION PLAN FOR NON-EMPLOYEE DIRECTORS

     

     

    The
      Burlington Resources Inc. 2000 Stock Option Plan for Non-Employee Directors
      (the
“Plan”) is hereby amended as follows:

    1.    Article
      III is amended, effective as of January 1, 2005, by adding the following at
      the
      end thereof:

     

    “Anything
      in this Plan to the contrary notwithstanding, the Plan Administrator and the
      Board shall neither have nor exercise any authority under this Plan to modify
      outstanding options so as to cause any such options to provide for a deferral
      of
      compensation subject to Section 409A of the Code.”

     

    2.    Article
      IV is amended, effective as of the “Effective Time” as defined in that certain
      Agreement and Plan of Merger dated as of December 12, 2005 by and among
      Burlington Resources Inc., ConocoPhillips and Cello Acquisition Corp., by adding
      the following new Section 3:

     

    “3.    No
      Grants After Effective Time

     

    Anything
      in this Plan to the contrary notwithstanding, no grants of options shall be
      made
      under this Plan on or after the “Effective Time” as defined in that certain
      Agreement and Plan of Merger dated as of December 12, 2005 by and among the
      Company, Conoco Phillips and Cello Acquisition
      Corp.”Unassociated Document

    AMENDMENT
      NO. 1

    TO

    BURLINGTON
      RESOURCES INC.

    2005
      PERFORMANCE SHARE UNIT PLAN

     

     

    The
      Burlington Resources Inc. 2005 Performance Share Unit Plan (the “Plan”) is
      hereby amended as follows:

    1.    Section
      2.1(e) of the Plan is amended, effective as of the “Effective Time” as defined
      in that certain Agreement and Plan of Merger dated as of December 12, 2005
      by
      and among Burlington Resources Inc., ConocoPhillips and Cello Acquisition Corp.
      (the “Effective Time”), to read as follows:

     

    “(e) Common
      Stock.
      The
      common stock of the Company, par value $.01 per share, or other classes of
      shares or other securities as may be applicable pursuant to the provisions
      of
      Section 5.2 (except as provided in Section 7.3).”

     

    2.    Article
      7
      of the Plan is amended, effective as of the Effective Time, by adding the
      following new Section 7.3:

     

    “7.3
       Conversion
      of Company Stock Account.
      At the
“Effective Time” as defined in that certain Agreement and Plan of Merger dated
      as of December 12, 2005 by and among the Company, ConocoPhillips and Cello
      Acquisition Corp., the Phantom Stock held in the Company Stock Account and
      all
      Performance Share Units shall be converted in accordance with said Agreement
      and
      Plan of Merger into phantom shares of common stock of ConocoPhillips, and
      thereafter the term “Common Stock” for purposes of this Plan shall mean common
      stock of ConocoPhillips.”

     

    3.    Section
      8.13 of the Plan is amended, effective as of January 1, 2005, to read as
      follows:

     

    “8.13
       Compliance
      with Code Section 409A.
      It is
      intended that this Plan comply with Section 409A of the Code and any
      regulations, guidance and transitional

    
      
         

         

      

      
         

        
          

        

      

      
         

      

    

    rules
      issued thereunder, and the Plan shall be interpreted and operated consistently
      with that intent. If the Compensation Committee shall determine, following
      the
      issuance of final regulations, that any provisions of this Plan do not comply
      with the requirements of Section 409A of the Code, the Compensation Committee
      shall amend the Plan to the extent (and only to the extent) necessary (including
      retroactively) in order to preserve compliance with said Section 409A; provided,
      however, that any such amendment affecting amounts previously deferred under
      the
      Plan shall be made in a manner that preserves the economic value of such
      deferred amounts to the Participant.”

    
      
         

      

      
        -2-Unassociated Document

    AMENDMENT
      NO. 1

    TO

    AMENDED
      AND RESTATED

    BURLINGTON
      RESOURCES INC.

    EXECUTIVE
      CHANGE IN CONTROL SEVERANCE PLAN

     

     

    The
      Amended and Restated Burlington Resources Inc. Executive Change in Control
      Severance Plan is amended, effective as of the “Effective Time” as defined in
      that certain Agreement and Plan of Merger dated December 12, 2005, by and among
      Burlington Resources Inc., ConocoPhillips and Cello Acquisition Corp., in the
      following respects:

     

    Article
      IX is amended, effective as of January 1, 2005, by adding the following new
      Section 9.8:

     

    “9.8
      Compliance
      with IRC Section 409A.
      It is
      intended that any payments or benefits under this Plan that provide for a
      deferral of compensation subject to Section 409A of the Code shall comply with
      the requirements of Section 409A of the Code and any regulations, guidance
      and
      transitional rules issued thereunder, and this Plan shall be interpreted and
      operated consistently with that intent. If the Company determines, following
      the
      issuance of final regulations, that any payments or benefits under this Plan
      would constitute a deferral of compensation which is subject to but which does
      not comply with the requirements of Section 409A of the Code, the Company shall
      amend the Plan to the extent (but only to the extent) it deems necessary
      (including retroactively) in order to preserve compliance with the requirements
      of said Section 409A; provided, however, that any such amendment shall be made
      in a manner that preserves the economic value of the affected payments and
      benefits to the Participant.”Unassociated Document

    AMENDMENT
      NO. 2

    TO

    BURLINGTON
      RESOURCES INC.

    1994
      RESTRICTED STOCK EXCHANGE PLAN

     

     

    The
      Burlington Resources Inc. 1994 Restricted Stock Exchange Plan (the “Plan”) is
      hereby amended as follows:

    1.    Section
      2.1(f) of the Plan is amended, effective as of the “Effective Time” as defined
      in that certain Agreement and Plan of Merger dated as of December 12, 2005
      by
      and among Burlington Resources Inc., ConocoPhillips and Cello Acquisition Corp.,
      to read as follows:

     

    “(f) 
      Common Stock. The
      common stock, par value $.01 per share, of the Company or such other classes
      of
      shares or other securities as may be applicable pursuant to the provisions
      of
      Section 4.2 (except as otherwise provided in Section 4.3).”

     

    2.    Article
      IV of the Plan is amended, effective as of the Effective Time, by adding the
      following new Section 4.3:

     

    “4.3
      Conversion
      to ConocoPhillips Phantom Shares.
      At the
“Effective Time” as defined in that certain Agreement and Plan of Merger dated
      as of December 12, 2005 by and among the Company, ConocoPhillips and Cello
      Acquisition Corp., each Phantom Share shall be converted in accordance with
      said
      Agreement and Plan of Merger into a phantom share of common stock of
      ConocoPhillips, and thereafter the term “Common Stock” or “Common Stock of the
      Company” for purposes of this Plan shall mean common stock of
      ConocoPhillips.”

     

    3.    Section
      7.10 is amended, effective as of January 1, 2005, to read as
      follows:

     

    “7.10 
      Termination
      and Amendment.
      Subject
      to Section 7.14, the Board or the Committee may from time to time amend, suspend
      or terminate the Plan in

    
      
         

         

      

      
         

        
          

        

      

      
         

      

    

    whole
      or
      in part; provided,
      however,
      no such
      action shall be allowed to impair the right of a Participant to receive payment
      with respect to Phantom Shares (or a Memorandum Account) that have vested as
      of
      such date without the consent of such Participant. Upon termination of the
      Plan,
      the Committee may provide for the immediate payment of all Phantom Shares (or
      Memorandum Accounts, as the case may be), notwithstanding that the Participants
      have not terminated employment. Subject to Section 7.14, the Committee may
      amend
      the Plan, without Board approval, to ensure that the Company may obtain any
      regulatory approval or to accomplish any other reasonable purpose, provided
      that
      the amendments do not materially increase the cost of the Plan to the Company
      and its Subsidiaries, and do not substantially alter the level of benefits
      under
      the Plan. If the Plan is suspended or terminated, the Committee may reinstate
      any or all of its provisions.”

     

    4.    Article
      VII is amended, effective as of January 1, 2005, by adding the following new
      Section 7.14:

     

    “7.14 
      Preservation
      of Grandfathering under IRC Section 409A. It
      is
      intended that the benefits under this Plan qualify under the grandfather
      provisions of Section 409A of the Internal Revenue Code of 1986, as amended,
      and
      the regulations and guidance thereunder so that such benefits are not subject
      to
      said Section 409A. No amendment shall be made to this Plan that would cause
      the
      loss of such grandfather protection.”

    
      
         

      

      
        -2-

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