Document:

EX-10.1

 Exhibit 10.1 
  

 
 STOCK OPTION PROGRAM 

FEBRUARY 14, 2017 

KEY EMPLOYEE AWARD 
 TERMS
AND CONDITIONS 
 This Key Employee Award Terms and Conditions describes terms and conditions of Stock Option (or Stock Appreciation Rights) Awards, as
part of the ConocoPhillips Stock Option Program (the “Program”), granted under the 2014 Omnibus Stock and Performance Incentive Plan of ConocoPhillips (the “Plan”) by ConocoPhillips (“Company”) to certain eligible
Employees (“Employees”). These Terms and Conditions, together with the Award Summary given to each Employee receiving an Award, form the Award Agreement (the “Agreement”) relating to the Awards described. The Agreement covers
both Stock Options and Stock Appreciation Rights, and the term Employee covers recipients of Awards made either in Stock Options or Stock Appreciation Rights. 
  

	1.	Type and Size of Grant. Subject to the Plan and this Agreement, the Company grants to certain eligible Employees a Nonqualified Stock Option to purchase all or any part of an aggregate number of shares of
Common Stock of the Company. In certain countries, grants will be in the form of Stock Appreciation Rights (SARs). Individual awards will be as set forth in the Award Summary given to each Employee to whom an Award is granted. The 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 is February 14, 2017 and the Grant Price is set forth on the Award Summary given to each Employee to whom an Award
is granted. Awards are made under the 2014 Omnibus Stock and Performance Incentive Plan. 

  

	3.	Term of Awards, Exercise Installments, and Last Date to Exercise. Except as otherwise noted in this Agreement, the following summary table describes term of awards, exercise installments, and last date to
exercise, subject to the more detailed provisions set forth below: 

  
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 Summary Table 
  

					
	 Summary of Exercise Rules

	 Status
	  	 Condition
	  	 Last Date to Exercise

	Active Employee	  		  	10 years from Grant Date
			
	Retirement (age 55 and 5 years of service)	  	Prior to 6 months from Grant Date	  	Canceled upon Termination
	  	6 months from Grant Date & after	  	10 years from Grant Date
			
	Layoff	  	Prior to 6 months from Grant Date	  	Canceled upon Termination
	  	6 months to 1 year from Grant Date	  	10 years from Grant Date (award is prorated)
	  	1 year from Grant Date & after	  	10 years from Grant Date
			
	Disability	  	Any date after Grant Date	  	10 years from Grant Date
			
	Death	  	Any date after Grant Date	  	10 years from Grant Date
			
	Divestitures, outsourcing, and moves to joint ventures	  	Any date after Grant Date	  	Canceled upon Termination, unless otherwise approved by Authorized Party
			
	 All other Terminations
	  		  	 Canceled upon Termination

  

	 	(a)	Exercise Installments and Expiration. Stock Options/SAR’s granted under this Agreement will become exercisable to the extent that one third of the number of shares of Stock subject to the Stock Option/SAR
(rounded down to nearest whole share) shall be exercisable on the first anniversary date of the Stock Option/SAR grant. On the second anniversary date of the Stock Option/SAR grant, an additional one third of the number of shares of Stock (rounded
down to nearest whole share) shall become exercisable. On the third anniversary date of the Stock Option/SAR grant, the remaining shares shall become exercisable. To the extent that an installment is not exercised when it becomes first exercisable,
it will remain exercisable at any time thereafter until the Award shall be canceled, expire, or be surrendered. A Stock Option or SAR expires on the tenth anniversary of the date on which it was granted. 

 

	 	(b)	Last Date to Exercise (Terminations). 

  

	 	(i)	General Rule for Termination. If, prior to the exercise of Stock Options/SAR grants, the Optionee’s employment with a Participating Company shall be terminated for any reason except death, Disability,
Retirement, or Layoff, such Award shall be canceled and all rights thereunder shall cease; provided that the Authorized Party may, in its or his sole discretion, determine that all or any portion of any other Award shall not be canceled due to
Termination of Employment. 

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

  

	 	(iii)	Layoff After Six Months but Within One Year. If, on or after a date six months from the date an Award is granted but prior to a date one year from the date an Award is granted, the Optionee’s employment with
a Participating Company shall be terminated by reason of Layoff, the Optionee shall retain a prorated number of the Award shares granted. The number of Award shares retained will be computed by multiplying the original number of Award shares 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 12. Such calculation shall be
rounded down to the nearest whole share. 

  

	 	(iv)	Layoff After One Year. If, on or after a date one year from the date an Award is granted, the Optionee’s employment with a Participating Company shall be terminated by reason of Layoff, the Optionee shall
retain all rights provided by the Award at the time of such Termination of Employment. 

  

	 	(v)	Retirement After Six Months. If, on or after a date six months from the Grant Date of an Award, the Optionee’s employment with a Participating Company shall be terminated by reason of Retirement, the
Optionee shall retain all rights provided by the Award at the time of such Termination of Employment. 

  

	 	(vi)	Disability. If, after the date the Award is granted, an Optionee shall terminate employment following Disability of the Optionee, the Optionee shall retain all rights provided by the Award at the time of such
Termination of Employment. 

  

	 	(vii)	Death. If, after the date an Award is granted, an Optionee shall die while in the employ of a Participating Company, or after Termination of Employment by reason of Retirement, Disability, or Layoff (and
prior to the cancellation of the Award), the executor or administrator of the estate of the Optionee 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 exercise the Award to the same extent the Optionee could have, had the Optionee not died. No transfer of an Award by the Optionee by will or by the laws of descent and distribution shall be effective
to bind the Company unless the Authorized Party shall have been furnished with written notice thereof and a copy of the will and such other evidence as the Authorized Party 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. 

  

	 	(viii)	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 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. 

  

	 	(ix)	 Divestiture, Outsourcing, or Move to Joint Venture. If, after the date the Award is granted, an Optionee
ceases to be employed by a 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 

  
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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 Optionee is offered employment or accepts employment with the other employer), (d) the Termination of the Optionee by 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, 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. 

  

	 	(x)	Change of Control. Upon a Change of Control, the following shall apply to any Stock Option (or SAR): 

  

	 	(1)	Each Employee shall immediately become fully vested in such Stock Option (or SAR) that is not assumed, or substituted for, by an acquirer in connection with the Change of Control, and such Stock Option or (SAR) shall
not thereafter be forfeitable for any reason, except as provided in this Agreement. 

  

	 	(2)	With regard to any other Stock Option (or SAR), each Employee shall become fully vested in such Stock Option (or SAR) upon incurring a Severance following such Change of Control, and such Stock Option (or SAR) shall not
thereafter be forfeitable for any reason, except as provided in this Agreement. 

  

	 	(3)	Any Stock Option (or SAR) granted to the Employee shall be exercisable at the times set forth herein. Each such Stock Option (or SAR) shall remain outstanding until ten years from the Grant Date, notwithstanding any
provision of the Award Agreement or the Plan to the contrary. 

  

	 	(c)	Detrimental Activities and Suspension of Exercises. 

  

	 	(i)	If the Authorized Party determines that, subsequent to the grant of any Award but prior to any Change of Control, 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 suspend the right of the Employee to exercise, refuse to honor the exercise of the Employee’s Awards already requested, or cancel all or part of the Award
granted to the Employee. Upon any Change of Control, the Authorized Party may suspend the right of the Employee to exercise, refuse to honor the exercise of the Employee’s Awards already requested, or cancel all or part of the Award granted to
the Employee only upon a determination by the Authorized Party that the Employee has given the Company Cause for such cancellation. 

  

	 	(ii)	If the Authorized Party, in its or his sole discretion, determines that the exercise of any Award has the possibility of violating any law, regulation, or decree pertaining to the Company, any of its subsidiaries, or
the Employee, the Authorized Party may freeze or suspend the Employee’s right to exercise until such time as the exercise of the Award 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. 

  
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	4.	Exercising the Stock Option. The Company has retained outside firms to administer Stock Options (and SARs) granted under the Plans (the “third party administrators”). The Option (or SAR) must be
exercised in accordance with methods and at times set by the third party administrator and by the Employee’s delivering to the third party administrators such authorization as may be required. 

 

	5.	Payment for Shares. The Grant Price for all shares of Stock purchased upon the exercise of a Stock Option, or a portion thereof, shall be paid in full at the time of such exercise. Such payment may be made
in cash or by tendering shares of Stock having a value on the date of exercise equal to the Grant Price. Such value shall be the average of the high and low trading prices of the stock on the day of exercise. If the Optionee makes payment of the
Grant Price by tendering shares of Stock, such Stock must be registered in the sole name of the Optionee on the exercise date or an appropriate Stock Power acceptable to the Company to transfer such stock to the sole name of the Optionee must be
provided at the time of exercise. In the case of an Optionee who makes payment of the Grant Price by tendering shares of Stock, if the Company deems it appropriate, and if allowed by the applicable laws, regulations, and rulings, the Company may
accept an attestation from the Optionee in lieu of actual physical delivery to the Company of the shares to be tendered. The attestation must indicate the number of shares held, and if deemed necessary by the Company, the certificate numbers if the
Stock is held in certificate form, or the broker and brokerage account number if the shares are held in a brokerage account, and any other information necessary to confirm ownership of the shares. The Company may not accept an attestation in lieu of
physical delivery of the shares unless the shares are held in the sole name of the Optionee either in certificate form, or in a single brokerage account, or in such other form as the Company may deem appropriate. Depending on its source, Stock
tendered in the exercise of a Stock Option must have met the appropriate holding period required by current tax, accounting, legal, or other applicable rules and regulations. At the election of the Optionee (but subject to any administrative
limitations on exercise of Stock Options or permissible methods of option exercise imposed), the Stock Option may also be exercised by a “net-share settlement” method for exercising outstanding
nonqualified stock options. The Committee, in its sole discretion and judgment, limit the extent to which shares of Stock may be used in exercising Stock Options or limit the use of any method or time of option exercise. 

 

	6.	Assignment of Option and Exercises After Death. Rights under the Plans and this Agreement cannot be assigned or transferred other than by (i) will, (ii) beneficiary designation, or (iii) the laws
of descent and distribution. In the event that a beneficiary designation conflicts with an assignment by will or under the laws of descent and distribution, the beneficiary designation will prevail. Upon the death of an Employee, exercise of the
grant will be permitted only by the Employee’s designated beneficiary, executor, or personal representative of the Employee’s estate. 

  

	7.	Tax Withholding. In the U.S. and many countries, the difference between the Grant Price and the value of the stock at the time of an Option exercise multiplied by the number of shares purchased is
compensation subject to tax withholding. The Option exercise will not be completed until all federal, state, local, and other governmental withholding tax requirements have been met. Should a withholding tax obligation arise upon the exercise of a
Stock Option, the withholding tax may be satisfied by withholding shares of Stock or by payment of cash. This withholding obligation includes, but is not limited to, federal, state, and local taxes, including applicable non-U.S. taxes, such as U.K. PAYE. The Authorized Party will take such steps, as it deems necessary or desirable for the withholding of any taxes that are required by laws or regulations of any governmental
authority in connection with any exercise. For SARs, the SAR Gain will be paid through the local payroll and is subject to applicable withholding taxes. 

  
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	8.	Shareholder Rights. The Employee shall not have the rights of a shareholder until the Option (or SAR) has been exercised and ownership of shares of Common Stock has been transferred to the Employee.

  

	9.	Certain Adjustments. In the event certain corporate transactions, recapitalizations, or stock splits occur while a Stock Option (or SAR) is outstanding, the Grant Price and the number of Stock Option
Shares (or SARs) shall be correspondingly adjusted. 

  

	10.	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 or as to findings of fact shall be final, conclusive, and binding. 

  

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

 

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

 

	13.	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 Option (or SAR) 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. 

  
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 DEFINITIONS 

Capitalized terms not defined below shall have the meanings set forth in the Plan under which the Award is granted. 

“Authorized Party” means the person who is authorized to approve an Award, exercise discretion or take action under the
Administrative Procedure for the Stock Option (and Stock Appreciation Rights) 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. The Authorized Party may delegate duties and responsibilities
regarding the operation of the Program, other than the authority to grant an Award. 
 “Award” means any Stock Option or SAR 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. 

“Cause” means “Cause” as that term is defined in the Key Employee Change in Control Severance Plan of
ConocoPhillips applied as if an Employee were a participant under such plan. 
 “Change of Control” has the meaning
set forth in Attachment A to these Terms and Conditions. 
 “Chief Executive Officer” or “CEO” means the
Chief Executive Officer of the Company. 
 “Committee” means the Human Resources and Compensation Committee of the Board of
Directors of the Company, or any successor committee to it. 
 “Common Stock” means common stock, par value $.01 per share,
of the Company. 
 “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 Common Stock on the consolidated transaction reporting system for the principal national securities exchange on which shares of Common Stock are listed on that date, or, if there shall have been no such sale so reported on
that date, on the last preceding date on which such a sale was so reported, or, at the discretion of the Committee, the price prevailing on the exchange at the time of exercise. 

“Good Reason” means “Good Reason” as that term is defined in the Key Employee Change in Control Severance Plan of
ConocoPhillips applied as if an Employee were a participant under such plan. 
 “Grant Date” means the date on which an Award is
granted. 
 “Grant Price” means the price at which an Employee may exercise his or her right to receive cash or Common Stock, as
applicable, under the terms of an Award. 

  
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 “Key Employee Change in Control Severance Plan of ConocoPhillips” means the plan of that
name (or a successor plan to the plan of that name) in effect on an applicable Change of Control. If no plan of that name (or successor plan to the plan of that name) is in effect on an applicable Change of Control, it shall mean instead the plan of
that name in effect on the date of 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. 

“Nonqualified Stock Option” means a Stock Option that is not an Incentive Stock Option. 

“Optionee” means an individual holding a Stock Option or SAR. 

“Option Shares” means the shares of Common Stock issuable upon exercise of a Stock Option covered by this Agreement. 

“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. 
 “Retirement” means Termination at age
55 or older with a minimum of 5 years of 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. 
 “Severance” means
“Severance” as that term is defined in the Key Employee Change in Control Severance Plan of ConocoPhillips applied as if an Employee were a participant under such plan, and shall also incorporate the meaning of the terms “Cause”
and “Good Reason” contained in the definition of “Severance” in such plan. 
 “Stock” means shares of common
stock of the Company, par value $.01. 
 “Stock Appreciation Right” or “SAR” means a right to receive a
payment, in cash equal to the excess of the Fair Market Value or other specified valuation of a specified number of shares of Common Stock on the date the right is exercised over a specified Grant Price, in each case, as determined by the Authorized
Party. 
 “Stock Option” means the right to purchase a specified number of shares of Common Stock at a specified Grant Price
pursuant to such applicable terms, conditions, and limitations established by the Authorized Party. 

  
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 “SAR Gain” means the difference between the Grant Price and the Fair Market Value (or
other specified valuation) of a share of Common Stock at the time of an SAR exercise, multiplied by the number of shares that are exercised. 

“Termination” or “Termination of Employment” means 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. 

  
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 Attachment “A” 

“Change of Control” 
 The following
definitions apply to the Change of Control provision in Section 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. 

  
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 The terms “beneficially own” and “beneficially owning” shall have meanings
that are correlative to this definition of the term “Beneficial Owner.” 
 “Board” shall have the meaning set forth in
the Plan. 
 “Change of Control” shall mean any of the following occurring on or after January 1, 2017: 

(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 then outstanding or 20% or more of the combined voting power of the Voting Stock of the Company then outstanding solely as a result of (i) any
acquisition directly from the Company or (ii) any acquisition by a Person pursuant to a transaction that complies with clauses (i), (ii), and (iii) of subsection (c) of this definition; 

(b)    individuals who, as of January 1, 2017, 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 January 1, 2017 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 with respect to the election or removal of directors or other actual or threatened solicitation of proxies or consents by or on behalf
of a Person other than the Board; 
 (c)    the Company shall consummate a reorganization, merger,
statutory share exchange, consolidation, or similar transaction involving the Company or any of its subsidiaries or sale or other disposition of all or substantially all of the assets of the Company, or the acquisition of assets or securities of
another entity by the Company or any of its subsidiaries (a “Business Combination”), in each case, unless, following such Business Combination, (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 Business Combination 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 Business Combination in substantially the same proportions as their ownership, immediately prior to such Business
Combination, of the outstanding Common Stock, (ii) no Person (excluding any Exempt Person or any Person beneficially owning, immediately prior to such Business Combination, 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 Business Combination 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 Business Combination were members of the Incumbent Board at the time of the initial
agreement or initial action by the Board providing for such Business Combination; or 

  
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 (d)    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 transaction that complies with clauses (i), (ii), and (iii) of subsection (c) of this definition. 

“Common Stock” shall have the meaning set forth in the Plan. 

“Company” shall have the meaning set forth in the Plan. 

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

“Exempt Person” shall mean any of the Company, any entity controlled by the Company, any employee benefit plan (or related trust)
sponsored or maintained by the Company or any entity controlled by the Company, and any Person organized, appointed, or established by the Company for or pursuant to the terms of any such employee benefit 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 January 1, 2017 or are thereafter issued by the Company as a dividend on shares of Common Stock or other Voting Securities or otherwise. 

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

  
 - 12 -EX-10.2

 Exhibit 10.2 
  

 
 PERFORMANCE SHARE PROGRAM 

FEBRUARY 14, 2017 

TARGET AWARD FOR PERFORMANCE PERIOD 17 

PERFORMANCE SHARE UNIT 

AWARD TERMS AND CONDITIONS 
 These
Performance Share Unit Award Terms and Conditions describe terms and conditions of Performance Share Unit Awards, as part of the ConocoPhillips Performance Share Program (the “Program”), granted under the 2014 Omnibus Stock and Performance
Incentive Plan of ConocoPhillips (referred to as the Plan) by ConocoPhillips (the “Company”) to you as an eligible employee (Employee). These Terms and Conditions, together with the Award Summary given to each Employee receiving an Award,
form the Award Agreement (the “Agreement”) relating to the Awards described. Subject to the Plan and this Agreement, the Company grants to the Employee Performance Share Units. Individual awards will be as set forth in the Award Summary
given to each Employee to whom an Award is granted. The Award Summary for each Employee is made a part of this Agreement with regard to such Employee. The Award Summary may be modified at any time to reflect increased or decreased amounts of the
Award due to promotion or demotion of the Employee and due to decisions made with regard to this Performance Period 17 of the Program, including adjustments related to the performance of the Company and adjustments related to the performance of the
Employee; provided, however, that after a Change of Control occurs, there shall be no decrease in the number of PSUs granted, except pursuant to the section titled “Detrimental Activities” below. Multiple book entry accounts may be used to
reflect the total shares awarded under these Terms and Conditions. This and any other administrative activities shall not be construed to alter these Terms and Conditions. 

AWARD:            Performance Share Unit (PSU) Award granted
by the Authorized Party under the provisions of the Plan. The PSUs will be noted in a book entry account created for the Employee. 

PSU:
                   A unit evidencing the right to receive either one share of ConocoPhillips Stock, $0.01 par value, or the Fair Market Value thereof
under the circumstances described in these Terms and Conditions. 
 VOTING RIGHTS:   The named owner of
the PSUs has no voting rights for the units, but is considered the beneficial owner for all purposes including ownership and control reports such as the annual proxy statement. 

DIVIDEND EQUIVALENTS:   Dividend equivalent payment, equal to the regular dividend payment as declared by
the Board of Directors on an equivalent number of common stock from time to time, will be made to the named owner of the units beginning after 2019. No such dividend equivalent payments shall be made prior to 2020, nor shall such dividend equivalent
payments accrue or be owed with regard to any time prior to 2020. Under 

  
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current U.S. tax law, these payments are taxable as compensation (i.e., ordinary income) in the year distributed. 

RETIREMENT PLAN EARNINGS:   The issuance of these PSUs does not constitute earnings under any retirement
plan sponsored by a ConocoPhillips company. The value of the units at the time restrictions lapse also does not constitute earnings under any retirement plan sponsored by a ConocoPhillips company. Neither the issuance of nor lapsing of restrictions
on PSUs will have any impact on any retirement plans or any other compensation plan sponsored by a ConocoPhillips company. 

TAX INFORMATION:   For an Employee subject to U.S. tax laws, this matter is more thoroughly covered in the
document entitled “U.S Tax Aspects of Performance Share Units.” However, in general terms, under current U.S. tax law, the value of these units is not considered taxable income until the restrictions lapse. 

BENEFICIARY:   In the event of the death of the named owner of these units prior to the lapsing of
restrictions for other reasons, such restrictions will lapse and settlement be made to the beneficiary designated by the named owner of the units in unrestricted Stock or cash at the same times and upon the same events as it would otherwise have
been made in accordance with the settlement provisions set forth in the section titled “Settlement” below. 

CHANGE OF CONTROL:   Upon a Change of Control, the following shall apply to the PSUs: 

 

	 	1.	Each Employee shall immediately become fully vested in such PSUs that are not assumed, or substituted for, by an acquirer in connection with the Change of Control, and such PSUs shall not thereafter be forfeitable for
any reason, except as set forth in the section titled “Detrimental Activities” below. 

  

	 	2.	With regard to any other PSUs, each Employee shall become fully vested in such PSUs upon incurring a Severance following such Change of Control, and such PSUs shall not thereafter be forfeitable for any reason, except
as set forth in the section titled “Detrimental Activities” below. 

  

	 	3.	In the event of vesting of PSUs pursuant to either paragraph 1 or 2 above, all restrictions and other limitations applicable to the PSUs shall lapse and the PSUs shall be settled in unrestricted Stock or cash at the
same times and upon the same events as it would otherwise have been made in accordance with the settlement provisions set forth in the section titled “Settlement” below. 

RESTRICTIONS:   The following restrictions relate to the PSUs: 

The PSUs will be held in escrow for the Employee. As provided herein, the Employee will have all rights of economic ownership to such units
including the right to receive dividend equivalents as set forth in the section titled “Dividend Equivalents” above, except that the Employee shall not have the right to sell, transfer, assign, or otherwise dispose of such units until the
escrow is terminated (such restrictions being known as the “Transfer Restrictions”). 
 Unless postponed pursuant to an effective
election, as described in the section titled “Initial Election” below, the escrow shall end on the earliest of any of the following 

  
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occurrences, with Transfer Restrictions to lapse and settlement be made as set forth in the section titled “Settlement” below: 

 

	 	1.	The Termination of the Employee’s employment as a result of Layoff of the Employee; 

  

	 	2.	The Termination of the Employee’s employment after attainment of age 55 and completion of 5 years of service with the Company or its subsidiaries; 

 

	 	3.	The Termination of the Employee’s employment due to death; 

  

	 	4.	The Termination of the Employee’s employment following Disability of the Employee; 

  

	 	5.	The Termination of the Employee’s employment following a Change of Control; or 

  

	 	6.	February 20, 2020. 

 In the absence of an effective election, as described in the section
titled “Initial Election” below, the Transfer Restrictions shall lapse and the PSUs (including any such that are awarded after the Separation from Service of the Employee) shall be settled in cash on the date that is the later of
(a) the end of the escrow period and (b) the earliest of the Employee’s death, February 20, 2020, or six months after the date of the Employee’s Separation from Service for a reason other than death; provided, however, that
settlement shall not be made before February 20, 2020. 
 INITIAL ELECTION:   If the Employee is
eligible for participation in the Key Employee Deferred Compensation Plan of ConocoPhillips (KEDCP), the Employee may elect on an election form delivered to the Authorized Party at a time set by the Authorized Party (which shall be on or before
December 31, 2016) to have the settlement in cash replaced with an account in lieu thereof to be created in KEDCP, with distribution from KEDCP to be made in accordance with the election of the Employee and any subsequent elections allowed
under the provisions of KEDCP. Upon creation of such an account, the related PSUs shall be canceled. 
 In the absence of such an election,
the escrow will end and settlement shall be made in one lump sum payment in cash at the time and in the manner set forth in the sections titled “Restrictions” above and “Settlement” below. 

SETTLEMENT:   Unless deferred as described in the section titled “Initial Election” above, the
Company shall, at the time stated above, deliver to each Employee an amount equal to the Fair Market Value of the PSUs, and the related PSUs shall be canceled. In all cases the Employee will be responsible to pay all required withholding taxes
associated with the Award. The Employee must pay any required withholding taxes by having shares equal in value to the applicable withholding taxes withheld by the Company (or such other method as the Company, in its sole discretion, allows). The
value of the shares withheld for this purpose shall be an amount consistent with the applicable laws and regulations. If Australian tax law applies to the Employee, then an Award is a scheme to which Subdivision
83A-C of the Income Tax Assessment Act 1997 of Australia applies (subject to the conditions in that Act). 

  
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 The Fair Market Value of the Award received by the Employee shall be determined in accordance
with the definition and principles set forth in the Plan. 
 FORFEITURE:   An Employee’s right,
title, and interest in Performance Share Units awarded under the PSP or derived from such Performance Share Units, or the ownership thereof, shall be forfeited if the Employee terminates employment prior to termination of the escrow period;
provided, however, any transfer between the Company and any Subsidiary, or between Subsidiaries at the request of the Company or such Subsidiaries, shall not result in forfeiture. Furthermore, an Employee’s right, title, and interest in
Performance Share Units awarded under the PSP or derived from such Performance Share Units, or the ownership thereof, shall be forfeited if the Employee does not complete twelve full months of employment in the Performance Period, unless otherwise
approved by the Authorized Party. 
 DETRIMENTAL ACTIVITIES:   If the Authorized Party determines that,
subsequent to the grant of any Award but prior to any Change of Control, 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 PSUs held in escrow pursuant to the Award granted to that Employee. Upon any Change of Control, the Authorized Party may cancel all or part of the PSUs held in escrow pursuant to the Award granted to
that Employee only upon a determination by the Authorized Party that the Employee has given the Company Cause for such cancellation. 
 If
the Authorized Party, in its or his sole discretion, determines that the lapsing of restrictions on PSUs held in escrow pursuant to any Award has the possibility of violating any law, regulation, or decree pertaining to the Company, any of its
subsidiaries, or the 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. 
 Notwithstanding anything herein to the contrary, this 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. 

RECAPITALIZATION: Upon any change in the outstanding stock of the Company by reason of any stock dividend, stock
split, reverse stock split, recapitalization, reclassification, or other similar change, the Committee shall make corresponding adjustments to the PSUs. 

  
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 DEFINITIONS: 

Capitalized terms not defined below shall have the meanings set forth in the Plan under which the Award is granted. 

“Authorized Party” means the person who is authorized to approve an Award, exercise discretion, or take action under the
Administrative Procedure for the Performance Share 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. The Authorized Party may delegate duties and responsibilities regarding the operation of the
Program, other than the authority to grant an Award. 
 “Award” means any Performance Share 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. 

“Cause” means “Cause” as that term is defined in the Key Employee Change in Control Severance Plan of
ConocoPhillips applied as if an Employee were a participant under such plan. 
 “Change of Control” has the meaning
set forth in Annex A to these Terms and Conditions. 
 “Chief Executive Officer” or “CEO”
means the Chief Executive Officer of the Company. 
 “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 last 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. 

“Good Reason” means “Good Reason” as that term is defined in the Key Employee Change in Control Severance Plan of
ConocoPhillips applied as if an Employee were a participant under such plan. 
 “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. 
 “Key
Employee Change in Control Severance Plan of ConocoPhillips” means the plan of that name (or a successor plan to the plan of that name) in effect on an applicable Change of Control. 

  
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If no plan of that name (or successor plan to the plan of that name) is in effect on an applicable Change of Control, it shall mean instead the plan of that name in effect on the date of 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. 

“Performance Share Unit” or “PSU” means the type of restricted stock unit issued under the
Performance Share Program (as determined by the Authorized Party) that is subject to forfeiture provisions or that has certain restrictions attached to the ownership thereof. 

“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. 
 “Retirement” means Termination
at age 55 or older with a minimum of 5 years of 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. 
 “Severance” means
“Severance” as that term is defined in the Key Employee Change in Control Severance Plan of ConocoPhillips applied as if an Employee were a participant under such plan, and shall also incorporate the meaning of the terms “Cause”
and “Good Reason” contained in the definition of “Severance” in such plan. 
 “Stock” means shares of
common stock of the Company, par value $.01. Stock may also be referred to as “Common Stock.” 
 “Termination,”
“Termination of Employment,” and “Separation from Service” each mean “separation from service” as that term is used in section 409A of the Internal Revenue Code. 

  
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 Attachment “A” 

“Change of Control” 
 The
following definitions apply to the Change of Control provision in Section 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 

  
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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.” 
 “Board” shall have the meaning set forth in the Plan. 

“Change of Control” shall mean any of the following occurring on or after January 1, 2017: 

(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 then outstanding or 20% or more of the combined voting power of the Voting Stock of the Company then outstanding solely as a result of (i) any
acquisition directly from the Company or (ii) any acquisition by a Person pursuant to a transaction that complies with clauses (i), (ii), and (iii) of subsection (c) of this definition; 

(b)    individuals who, as of January 1, 2017, 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 January 1, 2017 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 with respect to the election or removal of directors or other actual or threatened solicitation of proxies or consents by or on behalf
of a Person other than the Board; 
 (c)    the Company shall consummate a reorganization, merger,
statutory share exchange, consolidation, or similar transaction involving the Company or any of its subsidiaries or sale or other disposition of all or substantially all of the assets of the Company, or the acquisition of assets or securities of
another entity by the Company or any of its subsidiaries (a “Business Combination”), in each case, unless, following such Business Combination, (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 Business Combination 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 Business Combination in substantially the same proportions as their ownership, immediately prior to such Business
Combination, of the outstanding Common Stock, (ii) no Person (excluding any Exempt Person or any Person beneficially owning, immediately prior to such Business Combination, 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

  
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corporation, or common equity securities of an entity other than a corporation, resulting from such Business Combination 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
Business Combination were members of the Incumbent Board at the time of the initial agreement or initial action by the Board providing for such Business Combination; or 

(d)    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 transaction that complies with clauses (i), (ii), and (iii) of subsection (c) of this definition. 

“Common Stock” shall have the meaning set forth in the Plan. 

“Company” shall have the meaning set forth in the Plan. 

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

“Exempt Person” shall mean any of the Company, any entity controlled by the Company, any employee benefit plan (or related trust)
sponsored or maintained by the Company or any entity controlled by the Company, and any Person organized, appointed, or established by the Company for or pursuant to the terms of any such employee benefit 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 January 1, 2017 or are thereafter issued by the Company as a dividend on shares of Common Stock or other Voting Securities or otherwise. 

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

  
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