Document:

EX-10.1

 Exhibit 10.1 
  

 
 2016 RLHC Executive Officers Bonus Plan 

Purpose 
 RLHC is committed to compensating
employees through comprehensive and competitive pay packages that include base salary, bonus programs, incentive plans, competitive benefits plans, and reward and recognition programs. These programs are designed to motivate employees to exceed
performance expectations in support of the company’s business objectives. 
 The Executive Officers Bonus Plan (“Plan”)
provides the opportunity for annual bonus payments to the contributors who drive the successful attainment of company goals. The success of the company relies on many factors. Adjusted EBITDA is the main driver behind this plan, however; our success
also depends on department and individual goals. 
 Plan Year 

January 1, 2016 to December 31, 2016 

Eligible Employees; Target Bonus and Maximum Bonus 
  

									
	 Eligible Employees
	  	Target Bonus	 	  	Maximum Bonus	 
	 Executive Vice President
	  	 	50% of Base Salary	  	  	 	100% of Base Salary	  
	 Chief Executive Officer
	  	 	75% of Base Salary	  	  	 	150% of Base Salary	  

 An employee must hold one of the above positions at the beginning of the Plan Year in order to be eligible to
participate in this Plan. 
 Plan Components 

Whether a participant will receive a bonus under the Plan depends on the extent to which the following goals are achieved: 

 

	 	(1)	A company goal based on budgeted Adjusted EBITDA for 2016 (“Budgeted Adjusted EBITDA”); 

  

	 	(2)	A department goal based on RLHC’s 2016 earnings per share; and 

  

	 	(3)	An individual goal based on one or more of the following business criteria: gross operating profit; revenues from group business; RevPar growth; increase in RevPar index; development of tools to measure guest
experience; and addition of franchised and managed hotels to RLHC’s system of hotels. 

 The department and individual
goals are established by the Compensation Committee. 
 Bonus Calculation 

For purposes of calculating the bonuses, if any, due under this Plan, the company goal achievement (“EBITDA Goal Achievement”) will
be the fraction (expressed as a percentage) determined by dividing (i) RLHC’s 2016 Adjusted EBITDA, as disclosed in the 2016 Form 10-K, by (ii) Budgeted Adjusted EBITDA. There will be no
bonus payout to the participants unless this percentage exceeds 90%. 

  
 

 

					
	© 2016	 		 	Page 1

 

 
  

 The EBITDA Goal Achievement percentage will determine the tentative payouts, if any, to which
the participants are entitled, as set forth in or determined from the following table: 
  

																	
	 	  	EBITDA
Goal Achievement	 	 	Target Multiplier(1)	 	 	Tentative
EVP Payout:
% of base salary	 	 	Tentative
CEO Payout:
% of base salary	 
	 Maximum
	  	 	150	% 	 	 	200	% 	 	 	100	% 	 	 	150	% 
		  	 	140	% 	 	 	180	% 	 	 	90	% 	 	 	135	% 
		  	 	130	% 	 	 	160	% 	 	 	80	% 	 	 	120	% 
		  	 	120	% 	 	 	140	% 	 	 	70	% 	 	 	105	% 
		  	 	110	% 	 	 	120	% 	 	 	60	% 	 	 	90	  
	 Target
	  	 	100	% 	 	 	100	% 	 	 	50	% 	 	 	75	% 
		  	 	99	% 	 	 	85	% 	 	 	42.5	% 	 	 	63.75	% 
		  	 	98	% 	 	 	70	% 	 	 	35	% 	 	 	52.5	% 
		  	 	97	% 	 	 	55	% 	 	 	27.5	% 	 	 	41.25	% 
		  	 	96	% 	 	 	40	% 	 	 	20	% 	 	 	30	% 
	 Threshold 2
	  	 	95	% 	 	 	25	% 	 	 	12.5	% 	 	 	18.75	% 
		  	 	94	% 	 	 	20	% 	 	 	10	% 	 	 	15	% 
		  	 	93	% 	 	 	15	% 	 	 	7.5	% 	 	 	11.25	% 
		  	 	92	% 	 	 	10	% 	 	 	5	% 	 	 	7.5	% 
		  	 	91	% 	 	 	5	% 	 	 	2.5	% 	 	 	3.75	% 
	 Threshold 1
	  	 	90	% 	 	 	0	% 	 	 	0	% 	 	 	0	% 

  

	(1)	The Target Multiplier and tentative payout percentages will be linearly interpolated for EBITDA Goal Achievement percentages that are between two percentages shown in the table. 

If a participant achieves both his department and individual goals, he will be entitled to a payout (“Full Payout”) equal to the
percentage of base salary determined from the above table for the EBITDA Goal Achievement percentage. If the participant only achieves one of his department and individual goals, he will be entitled to 90% of the Full Payout. If the participant
achieves neither his department nor his individual goal, he will be entitled to 80% of the Full Payout. 
 Clawback 

A participant who receives a bonus under the Plan will be required to repay the bonus to RLHC to the extent required by (i) any
“clawback” or recoupment policy adopted by RLHC to comply with the requirements of any applicable laws, rules or regulations, or (ii) any applicable law, rule or regulation that imposes mandatory recoupment. 

Administration 
 The Director of
Compensation and Benefits, SVP HR, and CFO will administer the Plan. 

  
 

 

					
	© 2016	 		 	Page 2

 

 
  

 Calculation, Approval and Payment 

As soon as the necessary information is available following the end of the Plan Year, the SVP, HR and the VP, Accounting will complete the
bonus calculations for each participant and submit them to the CFO for review and approval. Once approved by the CFO, he will submit the bonus calculations to the Compensation Committee for final approval. Upon Compensation Committee approval, the
CFO will provide the payment information to the VP, Accounting and SVP, HR for record keeping, who will in turn submit it to the payroll office for payments. Payments will be made to participants as soon as administratively possible following the
end of the bonus period. Typically, payments are approved following the February Board meeting and paid as soon as practical thereafter. Calculations are based on the base salary of the participant on the last day of the Plan Year. 

Effect of Change in Employment Status/Termination 

Leaves of Absences: To the extent a participant qualifies for an approved leave of absence, that participant’s bonus will not be
forfeited, but rather will be prorated. If the leave involves accrued paid leave, the bonus will be unaffected. If the leave involves unpaid leave, the bonus will be prorated based upon the actual number of days worked plus any paid leave as a
proportion of the full Plan Year. 
 Terminations: Bonuses for this Plan are not earned or vested until they are approved by the
Compensation Committee and paid. Any bonuses earned will be determined and paid on or before March 31, 2017. To encourage continued employment with RLHC, participants must be employed as of the date of payout in order to earn a bonus.
Therefore, any participant whose employment terminates prior to the date of payout will not earn, vest in, or receive a bonus. 
 General Provisions

 There is an overriding discretionary analysis of each participant’s eligibility to receive a bonus. Even though an individual
might earn a bonus based on the terms of this Plan, a bonus can be adjusted down or not paid entirely in the sole discretion of the Compensation Committee Directors. Instances when this might occur include overall substandard work performance of the
participant, including, but not limited to the below. For example, if a participant fails to follow company policy and procedures, exposes the company to legal liability, exhibits inappropriate behavior, withholds information, or does not adequately
follow through on critical incidents, he or she may be disqualified from receiving a bonus. Other disqualifiers may include unacceptable performance against established performance objectives, unacceptable scores on internal audit processes (e.g.,
HR, Accounting, Risk Management, Internal Audit, Quality Assurance), or poor associate or customer satisfaction scores. 
 Notwithstanding
anything to the contrary in this Plan, individual bonus payments may be deferred, partially paid or withheld in their entirety, at the sole discretion of the Compensation Committee, in consideration of the overall best interests of the company. RLHC
reserves the right to cancel, change, modify or interpret any and all provisions of the Plan at any time without notice. Participation in the Plan does not create any entitlement to continued employment and does not alter the at-will status of
participants. This Plan will be governed and construed in accordance with the laws of the state of Washington. 
 This Plan supersedes all
previous plans in existence and any past written or verbal communication to any participant regarding the terms of any incentive plan. 

  
 

 

					
	© 2016	 		 	Page 3EX-10.12.1

 Exhibit 10.12.1 

TERMS IN THIS EXHIBIT HAVE BEEN REDACTED BECAUSE CONFIDENTIAL TREATMENT FOR THOSE TERMS HAS BEEN REQUESTED. THE REDACTED MATERIAL HAS BEEN FILED SEPARATELY
WITH THE SECURITIES AND EXCHANGE COMMISSION, AND THE TERMS HAVE BEEN MARKED AT THE APPROPRIATE PLACE WITH TWO BRACKETED ASTERISKS [**]. 

AMENDMENT 01 
 TO

 THAT CERTAIN 

AMENDED AND RESTATED 

PRODUCED WATER SERVICES AGREEMENT 

WELLS RANCH 

This AMENDMENT 01 (this “Amendment”) shall be effective as among Noble Energy, Inc., a Delaware corporation (the
“Producer”), Colorado River DevCo LP, a Delaware limited partnership, together with its permitted successors and assigns (“Midstream Co”) and Noble Midstream Services, LLC, a Delaware limited liability company
(“OpCo”) as of January 1, 2016 (the “Amendment Effective Date”), and it was circulated for execution on March 18, 2016. This Amendment modifies that certain Amended and Restated Produced Water Services
Agreement, effective as of October 1, 2015 (the “Colorado River Produced Water Agreement”), which has been given contract number CRWR01-PW and is comprised of (i) that certain Agreement Terms and Conditions Relating to
Produced Water Services (the “Agreement Terms and Conditions”), last updated October 9, 2015, together with (ii) that certain Agreement Addendum 01 (the “Agreement Addendum 01”), effective as of
October 1, 2015. This Agreement Terms and Conditions, the Agreement Addendum 01 and this Amendment shall constitute one contract and shall be the Agreement of the Parties. 

WHEREAS, Section 16.6 of the Colorado River Produced Water Agreement (which appears in the Agreement Terms and Conditions) permits the
Parties to amend provisions of the Colorado River Produced Water Agreement relating to fees by a written agreement that is executed by all Parties and is expressly identified as an amendment or modification. 

NOW, THEREFORE, in consideration of the mutual agreements in this Agreement, Midstream Co, OpCo and Producer hereby agree as follows: 

1. Amendment. The specifications regarding the “Individual Second Phase Rate” appearing in Agreement Addendum 01 are hereby
amended and restated in their entirety to read as follows: 
  

					
	
Individual Second
 Phase Rate
	  	Individual Second Phase Rate
applied to each Barrel for which
Producer elects
to receive
disposal services	  	Individual Second Phase Rate
applied to each Barrel for 
which
Producer elects to receive
recycling services
	  	$[**] / Barrel	  	[**].

 2. Confidentiality. Pursuant to Section 16.12 of the Colorado River Produced Water Agreement
(which appears in the Agreement Terms and Conditions), the Parties have agreed to 

  
 Amendment 01 –
Page 1 
 Amended and Restated Produced Water Services Agreement 

Colorado River Produced Water Agreement 

CRWR01-PW 

 TERMS IN THIS EXHIBIT HAVE BEEN REDACTED BECAUSE CONFIDENTIAL TREATMENT FOR THOSE TERMS HAS BEEN REQUESTED.
THE REDACTED MATERIAL HAS BEEN FILED SEPARATELY WITH THE SECURITIES AND EXCHANGE COMMISSION, AND THE TERMS HAVE BEEN MARKED AT THE APPROPRIATE PLACE WITH TWO BRACKETED ASTERISKS [**]. 

 

 
treat the information exchanged in connection with and the provisions of the Colorado River Produced Water Agreement as confidential. In addition, the pricing terms of the Colorado River Produced
Water Agreement have been granted confidential treatment by the Securities and Exchange Commission and the Parties agree to take appropriate measures to abide by the requirements imposed by the Securities and Exchange Commission to preserve such
confidential treatment. 
 3. Confirmation. The provisions of the Colorado River Produced Water Agreement, as amended by this
Amendment 01, shall remain in full force and effect following the effectiveness of this Amendment 01. No provision of the Colorado River Produced Water Agreement is amended or otherwise modified hereby, except as expressly stated herein. 

4. No Waiver; Loan Document. The execution, delivery and effectiveness of this Amendment 01 shall not operate as a waiver of any right,
power or remedy of any Party to the Colorado River Produced Water Agreement, nor constitute a waiver of any provision of the Colorado River Produced Water Agreement. On and after the Amendment Effective Date, this Amendment 01 shall for all purposes
constitute a part of the Colorado River Produced Water Agreement. 
 5. Counterparts. This Amendment 01 may be executed in any number
of counterparts, and each such counterpart hereof shall be deemed to be an original instrument, but all of such counterparts shall constitute for all purposes one agreement. Any signature hereto delivered by a Party by electronic mail shall be
deemed an original signature hereto. 
 6. GOVERNING LAW. This Amendment 01 shall be governed by and construed in accordance with the
laws of the State of Colorado, excluding any conflicts of law rule or principle that might refer construction of such provisions to the laws of another jurisdiction. 

(Signature Pages follow) 

  
 Amendment 01 –
Page 2 
 Amended and Restated Produced Water Services Agreement 

Colorado River Produced Water Agreement 

CRWR01-PW 

 TERMS IN THIS EXHIBIT HAVE BEEN REDACTED BECAUSE CONFIDENTIAL TREATMENT FOR THOSE TERMS HAS BEEN REQUESTED.
THE REDACTED MATERIAL HAS BEEN FILED SEPARATELY WITH THE SECURITIES AND EXCHANGE COMMISSION, AND THE TERMS HAVE BEEN MARKED AT THE APPROPRIATE PLACE WITH TWO BRACKETED ASTERISKS [**]. 

 

 IN WITNESS WHEREOF, the Parties hereto have executed this Amendment 01 to Colorado River
Produced Water Agreement in duplicate originals to be effective as of the Amendment Effective Date. 
  

			
	“Producer”
	
	NOBLE ENERGY, INC.
		
	By:	 	 /s/ Gary W. Willingham

		 	Gary W. Willingham
		 	Executive Vice President

  
 Amendment 01 –
Signature Page 1 
 Amended and Restated Produced Water Services Agreement 

Colorado River Produced Water Agreement 

CRWR01-PW 

 TERMS IN THIS EXHIBIT HAVE BEEN REDACTED BECAUSE CONFIDENTIAL TREATMENT FOR THOSE TERMS HAS BEEN REQUESTED.
THE REDACTED MATERIAL HAS BEEN FILED SEPARATELY WITH THE SECURITIES AND EXCHANGE COMMISSION, AND THE TERMS HAVE BEEN MARKED AT THE APPROPRIATE PLACE WITH TWO BRACKETED ASTERISKS [**]. 

 

			
	“OpCo”
	
	NOBLE MIDSTREAM SERVICES, LLC
		
	By:	 	 /s/ Terry R. Gerhart

		 	Terry R. Gerhart
		 	Chief Executive Officer

  

											
	“Midstream Co”	 	
		
	COLORADO RIVER DEVCO LP	 	
				
		 	By:	 	Colorado River DevCo GP LLC	 	
		 		 	  By:	 	Noble Midstream Services, LLC	 	
						
		 		 		 	By:	 	 /s/ Terry R. Gerhart
	 	
		 		 		 		 	Terry R. Gerhart	 	
		 		 		 		 	Chief Executive Officer	 	

  
 Amendment 01 –
Signature Page 2 
 Amended and Restated Produced Water Services Agreement 

Colorado River Produced Water Agreement 

CRWR01-PW

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