Document:

Letter, dated May 24, 2010, to Robert L. Johnson

 Exhibit 10.1 

 

 

 Sandy Price 

SVP Human Resources 
 Mailstop: KSOPHF0310

 6200 Sprint Parkway 
 Overland Park,
KS 66251 
 May 24, 2010 
 Mr. Bob L.
Johnson 
 6200 Sprint Parkway 

Overland Park, KS 66251 
 Dear Bob: 

This letter addresses your eligibility for benefits under Sprint’s Executive Relocation Program (“Program”) as a result of the 2008
relocation of your place of performance to Overland Park, KS, as documented in your December 31, 2008 Amended and Restated Employment Agreement. You have agreed to establish a secondary residence in the vicinity of the Company’s Overland Park
headquarters by August 1, 2011. 
 This letter confirms that, pursuant to Section 1.07 of the Program, the standard “12-month eligibility
period” for purposes of your eligibility for benefits under the Program, including the Forfeiture of Relocation Benefits and Payback Provision of Section 13.01 of the Program, will be extended to August 1, 2011. 

We also wish to advise you that in lieu of the “Interim Living” portion of the Relocation Lump Sum, as described in Section 5 of the Program,
you will receive up to 14 months of an interim living-expense payment payable in monthly amounts of $2,700, grossed up, from June 1, 2010 until July 1, 2011. Additionally, due to the extension of the normal 12-month eligibility period, you will be
eligible for gross up on relocation benefits outlined in Section 12.01 which would normally be excluded from income. 
 In exchange for these
enhancements, and because you have advised us that you do not intend to relocate your primary residence, you will not be eligible for the Home Selling Benefits described in Section 4 of the Program. You will also be required to reimburse Sprint for
any interim living and relocation related expense if you have not established your secondary residence by August 1, 2011 or if you voluntarily terminate employment prior to August 1, 2012. 

A copy of the Program is enclosed for your reference. As noted above, the interim living payments will be paid monthly, once you complete and return the
Relocation Benefits Initiation Form to the Corporate Relocation Department. Pat Sparks, Relocation Manager, will contact you to assist in submission of this form and to answer any questions you may have regarding the relocation benefits you are
eligible to receive. 
 Sincerely, 

Sandy PriceFifth Amendment to the Energy Partners, Ltd. Change of Control Severance Plan

 Exhibit 10.2 

FIFTH AMENDMENT 

TO THE ENERGY PARTNERS, LTD. 

CHANGE OF CONTROL SEVERANCE PLAN 

The Energy Partners, Ltd. Change of Control Severance Plan, effective as of May 24, 2005, and as amended by the certain First,
Second, Third and Fourth Amendments thereto (the “Plan”), is hereby amended as follows: 
  

	1.	Section 5 of the Plan is amended and restated to read in its entirety as follows: 

“5. Severance Benefits. 

In the event that (i) there is a Change of Control of the Company, and (ii) the employment of a Participant
terminates within one year following said Change of Control either by reason of an involuntary termination of employment by the Company without Cause or a voluntary termination of employment by the Participant for Good Reason, the Participant will
be entitled to receive the following severance benefits: 
 (a) a cash lump sum payment within 30 days following
such termination of employment in an amount equal to: 
 (i) the Designated Multiple (as defined in subsection
(d) below), multiplied by  
 (ii) the sum of: 

(A) the Participant’s annual rate of base salary for the year of termination of the Participant’s employment,
plus 
 (B) the Participant’s COC Bonus Amount (as defined in subsection (f) below);

 (b) if the Participant has not yet received a bonus under the Company’s annual bonus plan for the
calendar year preceding the calendar year of termination of the Participant’s employment for a termination occurring on or after January 1, 2011, the Participant shall receive a bonus for that calendar year under the Company’s annual
bonus plan in an amount equal to the Participant’s target bonus opportunity for that calendar year, payable in a single cash lump sum within 30 days following such termination of employment; 

(c) the Company shall continue to provide the Participant for the Designated Period (as defined below) following
termination of the Participant’s employment with the same level of medical, dental and life insurance benefits as the Participant was receiving immediately prior to termination of employment; provided, however, that as a condition to
receiving such benefits, the Participant shall be required to pay for such benefits the same portion of the required premium for such coverage that the Participant was required to pay immediately before termination of his or her employment.

 (d) For purposes of subsection (a) above, a Participant’s
‘Designated Multiple’ shall be 1.0, 1.5, 2.0 or 2.5, as the Committee may designate with respect to such Participant. 

(e) For purposes of subsection (c) above, a Participant’s ‘Designated Period’ shall be
(x) 12 months, if such Participant’s Designated Multiple is 1.0, and (y) 18 months, if such Participant’s Designated Multiple is 1.5, 2.0 or 2.5. 

(f) For purposes of subsection (a) above, the term ‘COC Bonus Amount’ means: 

(i) for a termination of employment occurring during 2010, 50% of the target bonus for 2010; 

(ii) for a termination of employment occurring during 2011, the average of (A) 50% of the target bonus for 2011,
(B) 50% of the target bonus for 2012 and (C) the actual bonus paid or to be paid for 2010; 
 (iii) for
a termination of employment occurring during 2012, the average of (1) 50% of the target bonus for 2012, (2) the actual bonus paid for 2010 and (3) the actual bonus paid or to be paid for 2011; and 

(iv) for a termination of employment occurring after 2012, the average bonus for the three years preceding termination (or
if the Participant was employed by the Company for less than three years preceding the calendar year in which such termination of employment occurs, the greater of (x) the Participant’s average annual bonus for all of the calendar years
during which he or she was employed by the Company before the calendar year in which such termination of employment occurs and (y) 50% of the Participant’s target bonus for the calendar year in which such termination of employment occurs);

 provided, however, that in determining a Participant’s average annual bonus or target bonus, if the
Participant’s annual bonus or target bonus for any of the calendar years that would otherwise be included within the period used in determining the appropriate average was reduced to reflect service for less than a full calendar year, that
calendar year (and the bonus or target bonus amount for that calendar year) shall be disregarded; provided further, however, that in the case of the termination of employment of a Participant hired after the adoption of the Fifth Amendment to
the Plan, the Board and/or the Committee can determine to adjust the bonus calculation if, under the circumstances of such Participant’s employment, the Board and/or Committee determines such adjustment is necessary or appropriate to
accomplishing the objectives of this Plan; 
 (g) Anything in this Plan to the contrary notwithstanding, a
Participant’s Designated Multiple may not be changed on or after the occurrence of a Change of Control.” 
  

	2.	Section 9 is amended by adding the following sentence at the end thereof: 

 

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 “Notwithstanding the foregoing, prior to November 1, 2011, no amendment or
termination of the Plan is permitted that would remove a Participant from the Plan or that would adversely affect a Participant’s rights to benefits under the Plan; provided, however, that if the Board and/or Committee determines in good
faith that (x) a transaction, including, without limitation, an exchange offer, recapitalization or bankruptcy, would constitute a Change of Control and (y) such transaction’s treatment as a Change of Control is not consistent with
fulfilling the objectives of the Plan, then the Board and/or Committee may amend the Plan in order to modify the definition of ‘Change of Control’ in a manner consistent with such good faith determination.” 

Duly adopted effective as of the
12th day of April, 2010. 

 

			
	ENERGY PARTNERS, LTD.
		
	By:	 	 /s/ John H. Peper

		 	John H. Peper
		 	Executive Vice President, General Counsel and Corporate Secretary

  

 - 3 -First Amendment to Employment Agreement

 Exhibit 10.3 

Energy Partners Ltd. 

201 St. Charles Avenue 

Suite 3400 

New Orleans, Louisiana 70170 

April 12, 2010 

Mr. Gary Hanna 
 3771 Carlon St.

 Houston, Texas 77005 
  

	Re:	First Amendment to Employment Agreement 

Dear Mr. Hanna: 
 As you
are aware, you (“Executive”) and Energy Partners, Ltd. (the “Company”) have entered into that certain employment agreement (as amended hereby, the “Employment Agreement”) dated as of October 1,
2009 (the “Initial Effective Date”). Pursuant to the Employment Agreement, the Company retained you as Chief Executive Officer, pursuant to the terms therein. Unless otherwise provided herein, capitalized terms used and not defined
herein shall have the respective meanings ascribed to such terms in the Employment Agreement. 
 The purpose of this letter
agreement (this “Amendment”) is to modify certain rights and obligations of the parties under the Employment Agreement as approved by the Board of Directors of the Company and as provided below. In consideration of the foregoing and
other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties hereby agree to amend the Employment Agreement as follows: 

 

	1.	Evergreen Provision. As and from the date first written above, Paragraph 1 of the Employment Agreement is hereby amended and restated to read in
its entirety as follows: 

 1. Effective Date and Term. Executive’s employment with the Company subject
to this Agreement shall commence on October 1, 2009 (the “Effective Date”). Subject to the terms and conditions herein, the Company hereby employs Executive, and Executive hereby accepts employment for a term commencing on the
Effective Date and continuing for a period of three (3) years (the “Term”); provided, however, that the Term may be terminated prior to the expiration thereof in accordance with Paragraph 4; provided
further that at the end of each calendar month during the Term, the Term shall be automatically extended for one additional month unless, during such calendar month or prior thereto, either the Company or Executive has given notice to the other
party that such automatic 

 
extension pursuant to this proviso will be discontinued. The term “Term of Employment” means the period from the Effective Date until the expiration or termination of the Term
pursuant to this Paragraph 1 or in accordance with Paragraph 4 of this Agreement. Notwithstanding the foregoing, an additional period shall be added to the Term at the end of any month to ensure that Executive always has at least 18
months remaining on the Term as of the end of the month.” 
  

	2.	Duties. As and from the Initial Effective Date, the second sentence of the second paragraph of Paragraph 2 of the Employment Agreement is
hereby deleted. 

  

	3.	Relocation Expenses. As and from the Initial Effective Date, Paragraph 3(f) of the Employment Agreement is hereby amended and restated to read in
its entirety as follows: 

 “(f) Relocation Expenses. Following the first year of the
Initial Term, if the Company’s primary offices remain in New Orleans, Executive may move from the Company’s Houston office to the Company’s New Orleans office and, in the process, relocate to New Orleans, Louisiana. Upon such
relocation, the Company shall reimburse Executive for moving expenses and normal closing costs (fees, appraisal, commissions, etc.) related to the sale of Executive’s current residence in Houston, Texas; provided, however, that the total
amount of such relocation expenses reimbursable pursuant to this Paragraph 3(f) shall not exceed $100,000; provided further that the Company shall not be obligated to reimburse Executive for any such relocation expenses unless
Executive (i) has taken steps toward relocating to New Orleans on or before the first anniversary of the Effective Date, and (ii) does in fact relocate to New Orleans within a reasonable time thereafter.” 

 

	4.	Severance Period. As and from the date first written above, Paragraph 5(b)(v) of the Employment Agreement is hereby amended by deleting the
words “six months” in the first sentence and substituting the words “18 months.” 

  

	5.	Participation in Change of Control Severance Plan. As and from the date first written above, Paragraph 5 of the Employment Agreement is hereby
amended to insert new subparagraphs (e) through (g), which read as follows: 

 “(e)
Executive shall participate in the Change of Control Severance Plan for certain designated officers and employees of the Company, effective as of March 24, 2005 (as amended from time to time, the “COC Plan”). Notwithstanding
the provisions of this Paragraph 5, if Executive’s employment terminates under conditions specified in the COC Plan such that Executive would be entitled to benefits under the COC Plan as a result of such termination, Executive will be
entitled to severance benefits under the COC Plan in lieu of any benefits provided for under this Paragraph 5. 

(f) Notwithstanding any provision of the COC Plan to the contrary, if the

  

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COC Plan is terminated at a time when Executive is an employee of the Company, Executive will nevertheless continue to be eligible for severance benefits equivalent to the benefits he would have
received under the COC Plan if it had not been terminated. 
 (g) For the avoidance of doubt, Executive shall not
be entitled to receive any duplicative or overlapping benefits under this Agreement and the COC Plan. To the extent that Executive would otherwise be entitled to such a duplicative or overlapping benefit, Executive shall instead be entitled to the
benefits provided by the COC Plan (or, as provided in Paragraph 5(f), the benefits that would have been provided under the COC Plan if it had not been terminated).” 

 

	6.	Effective Date. Except as otherwise expressly provided herein, this Amendment is effective as of the date first written. 

 

	7.	No Other Changes. Except as modified by this Amendment, the rights and obligations of the parties hereto under the Amendment are ratified and
confirmed and shall remain in full force and effect in accordance with their respective terms. 

  

	8.	Miscellaneous. This Amendment shall constitute a legally binding agreement of the parties hereto, and shall be governed by the laws of the State of Texas,
without giving effect to principles of conflict of laws. Upon execution by you, this Amendment will become a binding agreement of the parties. This Amendment may be executed in multiple counterparts, each of which shall constitute one and the same
instrument. 

  

			
	Very truly yours,
	
	ENERGY PARTNERS, LTD.
		
	By:	 	 /s/ John H. Peper

		 	John H. Peper
		 	General Counsel

  

	
	EXECUTIVE
	Accepted and agreed as of the date first above written:
	
	/s/ Gary Hanna
	Gary Hanna

  

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