Document:

EX-10.2

 Exhibit 10.2 

May 15, 2014 
  

			
	TO:	  	Richard E. Muncrief
		
	FROM:	  	William G. Lowrie
		
	SUBJECT:	  	Nonqualified Stock Option Award

 You have been selected to receive a stock option grant certain terms of which are set forth in the attached Nonqualified Stock
Option Agreement. Your stock option award is subject to three-year graded vesting. You may view the vesting schedule for this award on-line. 
 This stock
option award is granted to you in recognition of your role as a key employee whose responsibilities and performance are critical to the attainment of long-term goals. This award and similar awards are made on a selective basis and are, therefore, to
be kept confidential. It is granted and subject to the terms and conditions of the WPX Energy, Inc. 2013 Incentive Plan, as amended from time to time, and the Nonqualified Stock Option Agreement. 

If you have any questions about this award, you may contact a dedicated Fidelity Stock Plan Representative at 1-800-544-9354. 

 WPX ENERGY, INC. 

2013 INCENTIVE PLAN 

NONQUALIFIED STOCK OPTION AGREEMENT 

This Nonqualified Stock Option Agreement (“Option Agreement”) contains the terms of the Option (as defined below) granted to you in this Option
Agreement. Certain other terms of the Option are defined in the Plan (as defined below). 
 1. Stock Options. Subject to the terms of
the WPX Energy, Inc. 2013 Incentive Plan or any successor plan, including any supplements or amendments and restatements to it (the “Plan”), you have been granted the right (“Option”) to purchase from the Company 121,167 shares
of the Company’s Common Stock, par value $1 per share (the “Shares”) effective May 15, 2014 (the “Effective Date”). Your Option is exercisable in whole or in part at the exercise price of $[Grant Price] (the
“Option Price”), the closing stock price on May 15, 2014, and has an expiration date of March 3, 2024. The Option will vest in one-third increments each year for three years on each of March 3, 2015, March 3, 2016
and March 3, 2017, and is exercisable at such times and during such periods as are set forth in this Option Agreement and the Plan. 

2. Incorporation of Plan and Acceptance of Documents. The Plan applies as though it were included in this Option Agreement. Any
capitalized word has a special meaning, which can be found either in the Plan or in this Option Agreement. You agree to accept as binding, conclusive and final all decisions and interpretations of the Committee upon any questions arising under the
Plan or this Option Agreement. You acknowledge that you have received a copy of, or have online access to, the Plan and hereby automatically accept the Option subject to all the terms and provisions of the Plan and this Option Agreement. You further
acknowledge and agree that you have received a copy of, or that you have online access to, the prospectus and you hereby acknowledge your automatic acceptance and receipt of such prospectus electronically. 

3. Exercise. Except as otherwise provided in this Option Agreement, you may exercise vested Options, in whole or in part, by delivering
a notice of exercise to the Plan’s designated broker, showing the number of Shares for which the Option is being exercised, and providing payment in full for the Option Price. To give notice of exercise of an Option and receive instructions on
payment of the Option Price, contact the Plan Administrator. If you have not signed and delivered this Option Agreement prior to submitting a notification of such election, submission of your notification of election shall constitute your agreement
with the terms and conditions of this Option Agreement. Notwithstanding the preceding sentence, the Company reserves the right to require your signature to this Option Agreement prior to accepting a notification of election to exercise this Option
in whole or in part. 
 4. Payment. You must pay the Option Price in full by any one or more of the following methods, subject to
approval of the Committee in its sole discretion, (i) subject to applicable law, in cash through the sale of the Shares acquired on exercise of the Option through a broker-dealer to whom you have submitted an irrevocable notice of exercise and
irrevocable instructions to deliver promptly to the Company the amount of sale or loan proceeds sufficient to pay the Option Price; (ii) in cash, by personal check or wire transfer; (iii) in Shares valued at their Fair Market Value on the
date of exercise; (iv) withholding of Shares otherwise deliverable upon 

  
 2 

 
exercise valued at their Fair Market Value on the date of exercise; or (v) in any combination of the above methods. Certificates for any Shares used to pay the Option Price must be attested
to in writing to the Company or delivered to the Company in negotiable form, duly endorsed in blank or with separate stock powers attached, and must be free and clear of all liens, encumbrances, claims and any other charges thereon of any kind. 

5. Tax Withholding. Whenever any Options are exercised under the terms of this Option Agreement, the Company will not deliver your
Shares unless you remit or, in appropriate cases, agree to remit when due the minimum amount necessary to satisfy all of the Company’s federal, state and local withholding tax requirements relating to your Option or the Shares. The Committee
may require you to satisfy these minimum withholding tax obligations by any (or a combination) of the following means as determined by the Committee in its sole discretion: (i) a cash payment; (ii) withholding from compensation otherwise
payable to you; (iii) authorizing the Company to withhold from the Shares otherwise deliverable to you as a result of the exercise of an Option, a number of Shares having a Fair Market Value, as of the date the withholding tax obligation
arises, less than or equal to the amount of the withholding obligation; or (iv) delivering to the Company unencumbered Mature Shares having a Fair Market Value, as of the date the withholding tax obligation arises, less than or equal to the
amount of the withholding obligation. 
 6. Rights in the Event of Termination of Service. 

(a) Rights in the Event of Termination of Service. If your service with the Company and its Affiliates is terminated for any reason other than death,
retirement, Disability or for Cause as defined below, the Option, to the extent vested on the date of your termination, will remain exercisable for six months from the date of such termination (but may not be exercised later than the last day of the
original Option Term). 
 (b) Rights in the Event of Death. If you die while in the service of the Company and its Affiliates, your Option will
immediately vest and the Option shall remain exercisable for a period of five years from the date of your death (but may not be exercised later than the last day of the original Option Term) by the person who becomes entitled to exercise your Option
after your death (whether by will or by the laws of descent and distribution, or by means of a written beneficiary designation you filed with the Stock Administration Department before your death). 

(c) Rights in the Event of Retirement or Disability. If your service with the Company and its Affiliates is terminated for retirement (as defined below)
or Disability (as defined below), your Option will immediately vest and the Option shall remain exercisable for five years from the date of your termination (but may not be exercised later than the last day of the original Option Term). The term
“Disability” is defined in the Company’s long-term disability plan in which you participate or are eligible to participate, as determined by the Committee. Your service will “terminate for retirement” if your employment for
the Company or any of its Affiliates is terminated after attaining age fifty-five (55) and completing at least five (5) years of continuous service. 

  
 3 

 (d) Rights in the Event of Termination for Cause. If your service for the Company or an Affiliate
terminates for Cause (as defined under the Plan and set forth below), any Option exercisable on or before such termination shall remain exercisable for a period of 30 days from the date of such termination (but may not be exercised later than the
last day of the original Option Term). As of the date of this Agreement, the Plan defines “Cause” as (i) your willful failure to substantially perform your duties, other than any such failure resulting from a Disability; or
(ii) your gross negligence or willful misconduct which results in a significantly adverse effect upon the Company or an Affiliate; or (iii) your willful violation or disregard of the Company’s or an Affiliate’s code of business
conduct or other published policy of the Company or an Affiliate; or (iv) your conviction of a crime involving an act of fraud, embezzlement, theft, or any other act constituting a felony involving moral turpitude or causing material harm,
financial or otherwise, to the Company or an Affiliate. The Company may change the definition of Cause under the Plan at any time. 
 7.
Notices. All notices to the Company or to the Committee must be in writing and delivered by hand or by mail, addressed to WPX Energy, Inc., One Williams Center, Tulsa, Oklahoma 74172, Attention: Stock Administration Department. Notices become
effective upon their receipt by the Company if delivered as described in this section. To give notice of exercise of an Option and receive instructions on payment of the Option Price, contact the Plan Administrator. 

8. Securities Law Compliance. The Company may, without liability for its good faith actions, place legend restrictions upon Shares
obtained by exercising this Option and issue “stop transfer” instructions requiring compliance with applicable securities laws and the terms of this Option. 

9. No Right to Employment or Service. Nothing in the Option Agreement or the Plan shall interfere with or limit in any way the right of
the Company or an Affiliate to terminate your employment or service at any time, nor confer upon you the right to continue in the employ of the Company and/or Affiliate. 

10. Domestic Relations Orders. You hereby acknowledge that nothing in this Agreement shall be construed as requiring the Committee to
allow a Domestic Relations Order with respect to this Option grant. 
 11. Tax Consultation. You understand you will incur tax
consequences as a result of purchase or disposition of the Shares. You agree to consult with any tax consultants you think advisable in connection with the purchase of the Shares and acknowledge that you are not relying, and will not rely, on the
Company for any tax advice. 
  

			
	WPX ENERGY, INC.
		
	By	 	  

	William G. Lowrie
	Chairman of the Board

  
 4 

 Name: Richard E. Muncrief 

SSN:                         

  
 5EX-10.3

 Exhibit 10.3 

May 15, 2014 
  

			
	TO:	  	Richard E. Muncrief
		
	FROM:	  	William G. Lowrie
		
	SUBJECT:	  	2014 Restricted Stock Unit Award

 You have been selected to receive a restricted stock unit award. This award, which is subject to adjustment under the 2014
Restricted Stock Unit Agreement (the “Agreement”), is granted to you in recognition of your role as a key employee whose responsibilities and performance are critical to the attainment of long-term goals. This award and similar awards are
made on a selective basis and are, therefore, to be kept confidential. It is granted and subject to the terms and conditions of the WPX Energy, Inc. 2013 Incentive Plan, as amended and restated from time to time, and the Agreement. 

Subject to all of the terms of the Agreement, you will become entitled to payment of 1/3 of this award if you are an active employee of the Company on each
annual anniversary of the date on which this award is made until the award has been paid in full. 
 If you have any questions about this award, you
may contact a dedicated Fidelity Stock Plan Representative at 1-800-544-9354.  

 WPX ENERGY, INC. 

2014 RESTRICTED STOCK UNIT AGREEMENT 

THIS RESTRICTED STOCK UNIT AGREEMENT (this “Agreement”), which contains the terms and conditions for the Restricted Stock
Units (“Restricted Stock Units” or “RSUs”) referred to in the 2014 Restricted Stock Unit Award Letter delivered in hard copy or electronically to Participant (“2014 Award Letter”), is by and between WPX ENERGY, INC.,
a Delaware corporation (the “Company”) and the individual identified on the last page hereof (the “Participant”). 
 1. Grant of
RSUs. Subject to the terms and conditions of the WPX Energy, Inc. 2013 Incentive Plan or any successor, as amended and restated from time to time (the “Plan”), this Agreement and the 2014 Award Letter, the Company hereby grants an
award (the “Award”) to the Participant of 70,120 RSUs effective May 15, 2014 (the “Effective Date”). The Award gives the Participant the opportunity to earn the right to receive the number of shares of the Common Stock of
the Company equal to the number of RSUs shown in the prior sentence, subject to adjustment under the terms of this Agreement. These shares are referred to in this Agreement as the “Shares.” Until the Participant both becomes vested in the
Shares under the terms of Paragraph 4 and is paid such Shares under the terms of Paragraph 5, the Participant shall have no rights as a stockholder of the Company with respect to the Shares. 

2. Incorporation of Plan and Acceptance of Documents. The Plan is incorporated by reference and all capitalized terms used herein which are not defined
in this Agreement or in the attached Appendix A shall have the respective meanings set forth in the Plan. The Participant acknowledges that he or she has received a copy of, or has online access to, the Plan and hereby automatically accepts the RSUs
subject to all the terms and provisions of the Plan and this Agreement. The Participant hereby further agrees that he or she has received a copy of, or has online access to, the prospectus and hereby acknowledges his or her automatic acceptance and
receipt of such prospectus electronically. 
 3. Committee Decisions and Interpretations. The Participant hereby agrees to accept as binding,
conclusive and final all actions, decisions and/or interpretations of the Committee, its delegates, or agents, upon any questions or other matters arising under the Plan or this Agreement. 

4. Vesting; Legally Binding Rights . 
 (a)
Notwithstanding any other provision of this Agreement, a Participant shall not be entitled to any payment of Shares under this Agreement unless and until such Participant obtains a legally binding right to such Shares and satisfies applicable
vesting conditions for such payment. 

  
 2 

 (b) Except as otherwise provided in Subparagraphs 4(c) – 4(g) below, the Participant shall
vest in one-third of the Shares on the date that is one year after March 3, 2014 (the “Vesting Date”) (not including the Vesting Date, in one-third of the Shares on a date that is two years after the Vesting Date (not including the
Vesting Date), and in the final one-third of the Shares on a date that is three years after the Vesting Date (not including the Vesting Date) (each such anniversary of the Vesting Date, a “Maturity Date”), but only if the Participant
remains an active employee of the Company or any of its Affiliates through such Maturity Date. For example, if the Vesting Date of Participant’s award under this Agreement is March 3, 2014, the Maturity Dates will be
March 3, 2015, March 3, 2016, and March 3, 2017. 
 (c) If a Participant dies prior to the final Maturity Date
while an active employee of the Company or any of its Affiliates, the Participant shall vest in all unvested Shares at the time of such death. 

(d) If a Participant becomes Disabled prior to the final Maturity Date while an active employee of the Company or any of its Affiliates, the
Participant shall vest in all unvested Shares at the time the Participant becomes Disabled. 
 (e) If the Participant experiences a
Separation from Service prior to the final Maturity Date and within two years following a Change in Control, either voluntarily for Good Reason or involuntarily (other than due to Cause), the Participant shall vest in all unvested Shares upon such
Separation from Service. 
 (f) If the Participant experiences an involuntary Separation from Service prior to the final Maturity Date and
the Participant either receives benefits under a severance pay plan or program maintained by the Company or receives benefits under a separation agreement with the Company, the Participant shall vest in all unvested Shares upon such Separation from
Service. 
 (g) If the Participant experiences an involuntary Separation from Service prior to the final Maturity Date due to a sale of a
business or the outsourcing of any portion of a business, the Participant shall vest in all unvested Shares upon such Separation from Service, but only if the Company or any of its Affiliates failed to make an offer of comparable employment, as
defined by a severance pay plan or program maintained by the Company, to the Participant. For purposes of this Subparagraph 4(g), a Termination of Affiliation shall constitute an involuntary Separation from Service. 

5. Payment of Shares. 
 (a) The payment
date for all Shares in which a Participant becomes vested pursuant to Subparagraph 4(b) above shall be within the 30th day following a Maturity Date. 

(b) The payment date for all Shares in which a Participant becomes vested pursuant to Subparagraph 4(c) above shall be within the 60th day
following such death. 
 (c) The payment date for all shares in which a Participant becomes vested pursuant to Subparagraph 4(d) above shall
be within the 30th day after the Participant becomes Disabled. 

  
 3 

 (d) The payment date for all Shares in which the Participant becomes vested pursuant to
Subparagraphs 4(e), 4(f), and 4(g) above shall be with the 30th day following such Participant’s Separation from Service. 
 (e) Upon
conversion of RSUs into Shares under this Agreement, such RSUs shall be cancelled. Shares that become payable under this Agreement will be paid by the Company by the delivery to the Participant, or the Participant’s beneficiary or legal
representative, of one or more certificates (or other indicia of ownership) representing shares of Common Stock equal in number to the number of Shares otherwise payable under this Agreement less the number of Shares having a Fair Market Value, as
of the date the withholding tax obligation arises, equal to the minimum statutory withholding requirements. Notwithstanding the foregoing, to the extent permitted by Section 409A of the Code and the guidance issued by the Internal Revenue
Service thereunder, if federal employment taxes become due when the Participant becomes entitled to payment of Shares, the number of Shares necessary to cover minimum statutory withholding requirements may, in the discretion of the Company, be used
to satisfy such requirements upon such entitlement. 
 6. Other Provisions. 

(a) The Participant understands and agrees that payments under this Agreement shall not be used for, or in the determination of, any other
payment or benefit under any continuing agreement, plan, policy, practice, or arrangement providing for the making of any payment or the provision of any benefits to or for the Participant or the Participant’s beneficiaries or representatives,
including, without limitation, any employment agreement, any change of control severance protection plan, or any employee benefit plan as defined in Section 3(3) of ERISA, including, but not limited to qualified and non-qualified retirement
plans. 
 (b) The Participant agrees and understands that, subject to the limit expressed in clause (iii) of the following sentence,
upon payment of Shares under this Agreement, stock certificates (or other indicia of ownership) issued may be held as collateral for monies he/she owes to the Company or any of its Affiliates, including but not limited to personal loan(s), Company
credit card debt, relocation repayment obligations, or benefits from any plan that provides for pre-paid educational assistance. In addition, the Company may accelerate the time or schedule of a payment of vested Shares, and/or deduct from any
payment of Shares to the Participant under this Agreement, or to his or her beneficiaries in the case of the Participant’s death, that number of Shares having a Fair Market Value at the date of such deduction to the amount of such debt as
satisfaction of any such debt, provided that (i) such debt is incurred in the ordinary course of the employment relationship between the Company or any of its Affiliates and the Participant, (ii) the aggregate amount of any such
debt-related collateral held or deduction made in any taxable year of the Company with respect to the Participant does not exceed $5,000, and (iii) the deduction of Shares is made at the same time and in the same amount as the debt otherwise
would have been due and collected from the Participant. 
 (c) Except as provided in Subparagraphs 4(c) through 4(g) above, in the event that
the Participant experiences a Separation from Service prior to the Participant’s becoming vested in the Shares under this Agreement, RSUs subject to this Agreement and any right to Shares issuable hereunder shall be forfeited. 

  
 4 

 (d) The Participant acknowledges that this Award and similar awards are made on a selective basis
and are, therefore, to be kept confidential. 
 (e) RSUs, Shares, and the Participant’s interest in RSUs and Shares may not be sold,
assigned, transferred, pledged, or otherwise disposed of or encumbered at any time prior to both (i) the Participant’s becoming vested in such Shares and (ii) payment of such Shares under this Agreement. 

(f) If the Participant at any time forfeits any or all of the RSUs pursuant to this Agreement, the Participant agrees that all of the
Participant’s rights to and interest in such RSUs and in Shares issuable hereunder shall terminate upon forfeiture without payment of consideration. 

(g) The Committee shall determine whether an event has occurred resulting in the forfeiture of the Shares, in accordance with this Agreement,
and all determinations of the Committee shall be final and conclusive. 
 (h) With respect to the right to receive payment of the Shares
under this Agreement, nothing contained herein shall give the Participant any rights that are greater than those of a general creditor of the Company. 

(i) The obligations of the Company under this Agreement are unfunded and unsecured. Each Participant shall have the status of a general
creditor of the Company with respect to amounts due, if any, under this Agreement. 
 (j) The parties to this Agreement intend that this
Agreement meet the applicable requirements of Section 409A of the Code and recognize that it may be necessary to modify this Agreement and/or the Plan to reflect guidance under Section 409A of the Code issued by the Internal Revenue
Service. Participant agrees that the Committee shall have sole discretion in determining (i) whether any such modification is desirable or appropriate and (ii) the terms of any such modification. 

(k) The Participant hereby automatically becomes a party to this Agreement whether or not he or she accepts the Award electronically or in
writing in accordance with procedures of the Committee, its delegates or agents. 
 (l) Nothing in this Agreement or the Plan shall interfere
with or limit in any way the right of the Company or an Affiliate to terminate the Participant’s employment or service at any time, nor confer upon the Participant the right to continue in the employ of the Company and/or Affiliate. 

(m) The Participant hereby acknowledges that nothing in this Agreement shall be construed as requiring the Committee to allow a domestic
relations order with respect to this Award. 

  
 5 

 7. Notices. All notices to the Company required hereunder shall be in writing and delivered by hand or by
mail, addressed to WPX Energy, Inc., One Williams Center, Tulsa, Oklahoma 74172, Attention: Stock Administration Department. Notices shall become effective upon their receipt by the Company if delivered in the foregoing manner. To direct the sale of
any Shares issued under this Agreement, the Participant shall contact the Plan Administrator. 
 8. Tax Consultation. The Participant understands he
or she will incur tax consequences as a result of acquisition or disposition of the Shares. The Participant agrees to consult with any tax consultants deemed advisable in connection with the acquisition of the Shares and acknowledges that he or she
is not relying, and will not rely, on the Company for any tax advice. 

  
 6 

 
			
	WPX ENERGY, INC.
		
	By:	 	  

	William G. Lowrie
	Chairman of the Board

 Participant: Richard E. Muncrief 

SSN:
                             

  
 7 

 APPENDIX A 

DEFINITIONS 

“Affiliate” means all persons with whom the Company would be considered a single employer under Section 414(b) of
the Code and all persons with whom such person would be considered a single employer under Section 414(c) of the Code. 

“Disabled” means a Participant qualifies for long-term disability benefits under the Company’s long-term
disability plan, or if the Company does not sponsor such a disability plan, the Participant qualifies for Social Security Disability Insurance under Title II of the Social Security Act. Notwithstanding the forgoing, all determinations of whether a
Participant is Disabled shall be made in accordance with Section 409A of the Internal Revenue Code of 1986, as amended, and the guidance thereunder. 

“Separation from Service” means a Participant’s termination or deemed termination from employment with the
Company and its Affiliates. For purposes of determining whether a Separation from Service has occurred, the employment relationship is treated as continuing intact while the Participant is on military leave, sick leave, or other bona fide leave of
absence if the period of such leave does not exceed six months, or if longer, so long as the Participant retains a right to reemployment with his or her employer under an applicable statute or by contract. For this purpose, a leave of absence
constitutes a bona fide leave of absence only if there is a reasonable expectation that the Participant will return to perform services for his or her employer. If the period of leave exceeds six months and the Participant does not retain a right to
reemployment under an applicable statute or by contract, the employment relationship will be deemed to terminate on the first date immediately following such six month period. 

Notwithstanding the foregoing, if a leave of absence is due to any medically determinable physical or mental impairment that can be expected
to last for a continuous period of more than six months but less than 12 months, and such impairment causes the Participant to be unable to perform the duties of the Participant’s position of employment or any substantially similar position of
employment, a period equal to such Participant’s leave of absence will be substituted for such six-month period, so long as that period is less than 12 months. If such an absence exceeds 12 months, then the Participant will be considered
Disabled and Section 4(d) will govern. 
 A Separation from Service occurs at the date as of which the facts and circumstances indicate
either that, after such date: (A) the Participant and the Company reasonably anticipate the Participant will perform no further services for the Company and its Affiliates (whether as an employee or an independent contractor) or (B) that
the level of bona fide services the Participant will perform for the Company and its Affiliates (whether as an employee or independent contractor) will permanently decrease to no more than 20% of the average level of bona fide services performed
over the immediately preceding 36-month period or, if the Participant has been providing services to the Company and its Affiliates for less than 36 months, the full period over which the Participant has rendered services, whether as an employee or
independent contractor. The determination of whether a Separation from Service has occurred shall be governed by the provisions of Treasury Regulation § 1.409A-1, as amended, taking into account the objective facts and circumstances with
respect to the level of bona fide services performed by the Participant after a certain date. 

  
 8

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00230-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00230-of-00352.parquet"}]]