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                                                                   Exhibit 10.03

                             MACROVISION CORPORATION
                  EXECUTIVE SEVERANCE AND ARBITRATION AGREEMENT

       THIS EXECUTIVE SEVERANCE AND ARBITRATION AGREEMENT (the "Agreement") is
made and entered into as of February 15, 2004 by and between Macrovision
Corporation, a Delaware corporation (the "Company") and Steven Weinstein
("Executive").

       WHEREAS, the Board of Directors (the "Board") of the Company has
recommended and authorized the Company to enter into a severance agreement in
the form hereof with Executive; and

       WHEREAS, the Board has determined that, in the event of a possible
threatened or pending sale or other change in control of the Company, it is
imperative that the Company and the Board be able to rely upon Executive to
continue in Executive's position, and that the Company be able to receive and
rely upon Executive's advice, if requested, as to the best interests of the
Company and its stockholders without concern that Executive might be distracted
by the personal uncertainties and risks created by any such possible
transactions; and

       WHEREAS, in connection with the foregoing, Executive may, in addition to
Executive's regular duties, be called upon to assist in the assessment of any
such possible transactions, advise management and the Board as to whether such
proposals would be in the best interests of the Company and its stockholders,
and to take such other actions as the Board might determine to be appropriate;

       NOW, THEREFORE, to assure the Company that it will have the continued
dedication of Executive and the availability of Executive's advice and counsel
through the occurrence of any Change in Control (as defined in Section 1(b)
below) of the Company, and to induce Executive to remain in the employ of the
Company, and for other good and valuable consideration, the Company and
Executive agree as follows:

       1.     PAYMENT OF SEVERANCE BENEFIT.

              (a)    In the event that a Change in Control (as hereinafter
defined) occurs and, within the period beginning ninety (90) days before the
date of the Change in Control and ending twelve (12) months thereafter, (a)
Executive's employment is terminated by the Company or a Subsidiary (as
hereinafter defined) without Cause (as hereinafter defined) or (b) Executive
voluntarily terminates his/her employment with Company and its Subsidiaries with
Good Reason (as hereinafter defined), then the Company shall pay to Executive
severance pay under this Agreement. Transfer of Executive's employment from the
Company to a Subsidiary (or to an entity of which the Company is a Subsidiary)
or from a Subsidiary to the Company or to another Subsidiary (or to an entity of
which the Company is a Subsidiary), shall not be considered a termination of
Executive's employment. Such

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severance pay shall be in the form of salary continuation of Executive's regular
base pay in effect ninety (90) days before the time of the Change in Control or
at the time of the termination of his employment, whichever is greater. The
Company shall pay such severance pay during the twelve (12) month period
immediately following the date on which Executive's employment with the Company
terminates; provided, however, that, if Executive commences new employment
within such twelve (12) month period, such severance pay shall cease on the
later of (i) the date six (6) months after Executive's employment with the
Company terminates or (ii) the date Executive commences new employment.

              (b)    "CHANGE IN CONTROL" means any of the following events: (i)
any "person" or "group" (as defined in or pursuant to Sections 13(d) or 14(d) of
the Securities Exchange Act of 1934, as amended (the "Exchange Act")) other than
the Company, is or becomes the "beneficial owner" (as defined in Rule 13d-3
promulgated under the Exchange Act), directly or indirectly (including by
holding securities which are exercisable for or convertible into shares of
capital stock of the Company), of securities of the Company representing 50% or
more of the voting power of the outstanding shares of capital stock of the
Company entitled to vote generally in the election of directors; (ii) the
Company sells or exchanges, through merger, assignment or otherwise, in one or
more transactions, other than in the ordinary course of business, assets which
provided at least seventy percent (70%) of the revenues or pre-tax net income of
the Company and its Subsidiaries on a consolidated basis during the most
recently completed fiscal year; or (iii) Continuing Directors cease to
constitute at least a majority of the Board. "Continuing Directors" are (A) each
director serving on the Board on January 1, 2004, and (B) any successor to any
such director whose nomination or selection was approved by a majority of the
directors in office at the time of the director's nomination or selection.
Notwithstanding the foregoing, the following events shall not constitute a
Change in Control: any acquisition of beneficial ownership pursuant to (i) a
reclassification, however effected, of the Company's authorized common stock, or
(ii) a corporate reorganization involving the Company or a Subsidiary which does
not result in a material change in the ultimate ownership by the stockholders of
the Company (through their ownership of the Company or its successor resulting
from the reorganization) of the assets of the Company and its Subsidiaries, but
only if such reclassification or reorganization has been approved by the Board.

              (c)    "CAUSE" means the occurrence of any one or more of the
following: (i) conviction of any felony or any act of fraud, misappropriation or
embezzlement which has an immediate and materially adverse effect on the Company
or a Subsidiary; (ii) engaging in a fraudulent act to the material damage or
prejudice of the Company or a Subsidiary or in conduct or activities materially
damaging to the property, business or reputation of the Company or a Subsidiary;
(iii) failure to comply in any material respect with the terms of any applicable
employment agreement or any written policies or directives of the Board which
have an immediate and materially adverse effect on the Company or a Subsidiary
and which has not been corrected within 30 days after written notice from the
Company of such failure; (iv) any material act or omission involving malfeasance
or negligence in the performance of employment duties which has an immediate and
materially adverse effect on the Company or a Subsidiary and which has not been
corrected within 30

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days after written notice from the Company; or (v) material breach of any other
agreement with the Company, which has an immediate and materially adverse effect
on the Company or a Subsidiary and which has not been cured within 30 days after
written notice from the Company of such breach.

              (d)    "GOOD REASON" means the occurrence of any of the following
without the Executive's consent: (i) a substantial diminution in the Executive's
status, position or responsibilities, or the assignment to the Executive of any
duties or responsibilities that are inconsistent with the Executive's status,
position or responsibilities; (ii) a reduction in the Executive's base salary;
or (iii) a relocation of the Executive's principal place of employment to a new
work site requiring an increase in one-way commute from Executive's residence of
more than thirty-five (35) miles.

              (e)    "SUBSIDIARY" means (i) any corporation, foreign or
domestic, in which the Company directly or indirectly owns 50% or more of the
issued and outstanding voting stock on an "as converted basis" or (ii) any
partnership, foreign or domestic, in which the Company owns a direct or indirect
interest equal to 50% or more of the outstanding equity interests.

       2.     WELFARE BENEFITS.

              (a)    During the period that Company is obligated to pay
Executive severance pay pursuant to Section 1(a) above, or, if sooner, until
Executive is entitled to Welfare Benefits (as defined below) under any plan
maintained by any entity employing Executive after Executive's employment with
the Company terminates, Company shall provide to Executive (and his/her spouse
and other qualified dependents) all Welfare Benefits that Company provided to
Executive (and his/her spouse and qualified dependents) immediately prior to the
Change in Control. For purposes of this Agreement, the term "Welfare Benefits"
shall include, without limitation, all life, dental, health, accident and
disability benefit plans, other similar welfare plans, and any equivalent
successor policy, plan, program or arrangement that may now exist or be adopted
hereafter by the Company or a Subsidiary. Notwithstanding the foregoing, with
respect to any Welfare Benefits provided through an insurance policy, the
Company's obligation to provide such Welfare Benefits following a Change in
Control shall be limited by the terms of such policy; provided, however, that
(i) the company shall make reasonable efforts to amend such policy to provide
the continued coverage described in this Section 2(a) and (ii) if such policy is
not amended to provide the continued benefits described in this Section 2(a),
the Company shall pay Executive's cost of comparable replacement coverage.

              (b)    If prior to the Change in Control Executive was required to
contribute towards the cost of a Welfare Benefit as a condition of receiving
such Welfare Benefit, the Executive may be required to continue contributing
towards the cost of such Welfare Benefit under the same terms and conditions as
applied to the Executive immediately prior to the Change in Control in order to
receive such Welfare Benefit.

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       3.     STOCK OPTIONS. The Company has granted Executive options to
purchase Company common stock that are currently outstanding, but not yet
exercisable in whole or in part, and the Company may grant Executive additional
stock options in the future. The currently outstanding stock options and any
future stock options Company grants to Executive are hereinafter referred to as
the "Stock Options." Notwithstanding the provisions of any agreement(s) pursuant
to which the Stock Options are granted, in the event that a Change in Control
occurs and, within the period beginning ninety (90) days before the date of the
Change in Control and ending twelve (12) months thereafter, (a) Executive's
employment is terminated by the Company or a Subsidiary without Cause or (b)
Executive voluntarily terminates his employment with Company and its
Subsidiaries with Good Reason, then on the last day of Executive's employment
with the Company and its Subsidiaries, all of the Stock Options held by
Executive shall become fully vested and exercisable.

       4.     OTHER EMPLOYEE BENEFITS. The benefits provided to Executive
hereunder shall not be affected by or reduced because of any other benefits
(including, but not limited to, salary, bonus, pension, stock option or stock
purchase plan) to which Executive may be entitled by reason of his employment
with the Company or any Subsidiary thereof or the termination of his employment
with the Company, and no other such benefit by reason of such employment shall
be so affected or reduced because of the benefits bestowed by this Agreement.
Notwithstanding the foregoing, if Executive qualifies for severance pay under
Section 1(a) of this Agreement, such severance pay will be in lieu of, and not
in addition to, any severance to other termination payments to which Executive
may be entitled under any employment agreement with, or other plan or
arrangement of, the Company.

       5.     WITHHOLDING. All amounts payable by the Company hereunder shall be
subject to all federal, state, local and other withholdings and employment taxes
as required by applicable law.

       6.     SUBSEQUENT EMPLOYMENT WITH COMPETITOR. Executive's right to
receive benefits under this Agreement, including Executive's right to exercise
any Stock Options that have accelerated under this Agreement, shall cease
immediately upon Executive's employment by any competitor of the Company and its
Subsidiaries.

       7.     ARBITRATION OF CLAIMS. The following arbitration provisions shall
apply to any claim brought by Executive or the Company after the date of this
Agreement even if the facts upon which the claim is based arose prior to the
execution of this Agreement.

              (a)    CLAIMS COVERED BY THIS AGREEMENT. To the maximum extent
permitted by law, the Company and Executive mutually consent to the resolution
by arbitration of all claims or causes of action that the Company may have
against Executive or that Executive may have against the Company or against its
officers, directors, employees, or agents in the capacity as such or otherwise
(collectively "claims"). The claims covered by this Agreement include, but are
not limited to, claims for breach of any contract or covenant (express or
implied); tort claims; claims for discrimination (including, but not limited to,
race,

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sex, sexual harassment, or any type of unlawful harassment, religion, national
origin, age, marital status, medical condition, disability or sexual
orientation); claims for wrongful termination in violation of public policy; and
claims for violation of any federal, state, or other governmental law, statute,
regulation or ordinance, including, but not limited to, all claims arising under
Title VII of the Civil Rights Act of 1969, as amended, the Age Discrimination in
Employment Act of 1967, the Americans with Disabilities Act, the California Fair
Employment & Housing Act, the California Labor Code, the Consolidated Omnibus
Budget Reconciliation Act of 1985, the Fair Labor Standards Act or Employee
Retirement Income Security Act.

              (b)    CLAIMS NOT COVERED BY THE AGREEMENT. Claims Executive may
have for workers' compensation, unemployment compensation benefits or wage and
hour claims within the jurisdiction of the California Labor Commissioner are not
covered by this Agreement. Notwithstanding the fact that Executive is not
required to arbitrate such claims, he/she may, if he/she so chooses, submit wage
and hour claims to binding arbitration pursuant to this Agreement. Also not
covered are claims by either party for injunctive and/or other equitable relief,
as to which the parties understand and agree that either party may seek and
obtain relief from a court of competent jurisdiction.

              (c)    REQUIRED NOTICE OF ALL CLAIMS. The Company and Executive
agree that the aggrieved party must give written notice of any claim to the
other party. Written notice to the Company, or its officers, employees or agents
shall be sent to the Company's Chief Executive Officer. Executive will be given
notice at the last address recorded in his/her personnel file or such other
address as Executive may provide to the Company from time to time following the
date of this Agreement by a writing specifying that it is the address for notice
under this Agreement. The written notice shall identify and describe the nature
of all claims asserted and detail the facts upon which such claims are based.
The notice shall be sent to the other party by certified or registered mail,
return receipt requested.

              (d)    ARBITRATION PROCEDURES. The Company and Executive agree
that, except as provided in this Agreement, any arbitration shall be in
accordance with and under the auspices and rules of the American Arbitration
Association (hereinafter the "Arbitration Service"). The arbitration shall take
place in Santa Clara County, California, unless the parties mutually agree to
conduct the arbitration in a different location. The arbitrator shall be
selected by the mutual agreement of the parties. If the parties cannot agree on
a neutral arbitrator, Executive first, and then the Company, will alternately
strike names from a list provided by the Arbitration Service until only one name
remains. The arbitrator shall have exclusive authority to resolve any dispute
relating to the interpretation, applicability, enforceability or formation of
this Agreement, including but not limited to any claim that all or any part of
this Agreement is void or voidable. The arbitrator shall apply the applicable
statue of limitations to any claim, taking into account compliance with
subparagraph paragraph 6(c) of this Agreement. The arbitrator shall issue a
written opinion and award, which shall be signed and dated. The arbitrator shall
be permitted to award those remedies that are available under applicable law.
The arbitrator's decision regarding the

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claims shall be final and binding upon the parties. The arbitrator's award shall
be enforceable in any court having jurisdiction thereof.

              (e)    ACKNOWLEDGMENT OF JURY TRAIL WAIVER. Executive understands
that, by this Agreement, he/she is waiving his right to have a claim adjudicated
by a court or jury. Any party may be represented by an attorney or other
representative selected by the party.

              (f)    ARBITRATION FEES AND COSTS; ATTORNEYS' FEES. Executive will
be required to pay an arbitration fee to initiate the arbitration equal to what
he/she would be charged as a first appearance fee in court. The Company shall
advance the remaining fees and costs of the arbitrator. However, to the extent
permissible under the law, and following the arbitrator's ruling on the matter,
the arbitrator may rule that the arbitrator's fees and costs be distributed in
an alternative manner. The arbitrator's award in any arbitration brought
pursuant to the provisions of this Agreement shall provide for the prevailing
party to recover from the other party the prevailing party's reasonable
attorneys' fees relating to such action.

              (g)    REQUIREMENTS FOR MODIFICATION OR REVOCATION. This agreement
to arbitrate shall survive the termination of Executive's employment with the
Company. It can only be revoked or modified by a writing signed by the parties
that specifically states an intent to revoke or modify this Agreement.

              (h)    CONSIDERATION. Executive understands that the provisions
for severance pay as set forth herein and his continued employment with the
Company are consideration for his/her acceptance of these arbitration
provisions. In addition, the promises by the Company and by Executive to
arbitrate claims, rather than litigate them before courts or other bodies,
provide consideration for each other.

              (i)    VIOLATION OF THIS AGREEMENT. Should any party to this
Agreement hereafter institute any legal action or administrative proceeding
against the other with respect to any claim required to be arbitrated under this
Agreement or pursue any arbitral dispute by any method other than arbitration,
the responding party shall recover from the initiating party all damages, costs,
expenses and attorneys' fees incurred as a result of such action.

       8.     ENTIRE AGREEMENT; EFFECT OF PRIOR AGREEMENTS. This is the complete
agreement of the parties on the subjects set forth herein, including severance
pay upon a Change in Control and arbitration of disputes. This Agreement
supersedes any prior or contemporaneous oral or written understanding on such
subjects. No party is relying on any representations, oral or written, on the
subject of the effect, enforceability, or meaning of this Agreement, except as
specifically set forth in this Agreement. In the event of a conflict between any
of the terms of this Agreement and any of the terms of (i) any of the agreements
related to the Stock Options, or (ii) that certain accepted original offer of
employment between Executive and the Company dated October 9, 2002, the terms of
this Agreement shall prevail. Without limiting the generality of the foregoing,
the arbitration provisions of

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the original offer of employment shall be superseded by the arbitration
provisions set forth in this Agreement.

       9.     AMENDMENT. This Agreement may not be amended without the prior
written consent of both Executive and the Company.

       10.    NO RIGHT TO CONTINUED EMPLOYMENT. This Agreement does not
constitute a contract of employment, does not change the status of the
Executive's employment and does not change the Company's policies regarding
termination of employment. Nothing in this Agreement shall be deemed to give
Executive the right to be retained in the service of the Company or to deny the
Company any right it may have to discharge or demote Executive at any time;
provided, however, that any termination of employment of Executive, or any
removal of Executive as an executive officer of the Company primarily in
contemplation of a Change in Control shall not be effective to deny Executive
the benefits of this Agreement, including without limitation Sections 1 and 2
hereof. No provision of this Agreement shall in any way limit, restrict or
prohibit Executive's right to terminate employment with the Company or leave
his/her position as a senior executive.

       11.    SEVERABILITY. If a court or other body of competent jurisdiction
determines that any provision of this Agreement is invalid or unenforceable,
that provision will be adjusted rather than voided, if possible, so that it is
enforceable to the maximum extent possible, or, if it is not possible to so
adjust such provision, this Agreement shall be construed in all respects as if
such invalid or unenforceable provision were omitted. The invalidity and
unenforceability of any particular provision of this Agreement shall not affect
any other provision hereof, and all other provisions of the Agreement shall be
valid and enforceable to the fullest extent possible.

       12.    SUCCESSORS.

              (a)    The Company will require any successor, whether direct or
indirect, by purchase, merger, consolidation or otherwise, to all or
substantially all of the business and/or assets of the Company to expressly
assume and agree to perform this Agreement in the same manner and to the same
extent that the Company would be required to perform it if no such succession
had taken place.

              (b)    This Agreement shall inure to the benefit of, and be
enforceable by, Executive's personal or legal representatives, executors,
administrators, successors, heirs, distributes, devisees and legatees.

       13.    GOVERNING LAW. This Agreement shall be governed by and construed
in accordance with the laws of the State of California without regard or
reference to the rules of conflicts of law that would require the application of
the laws of any other jurisdiction.

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       IN WITNESS WHEREOF, the parties hereto have duly executed this Agreement,
effective as of the date set forth in the first paragraph hereof.

MACROVISION CORPORATION                     EXECUTIVE

By  /s/ William A. Krepick                    /s/ Steven Weinstein
  ------------------------------            ------------------------------
            William A. Krepick
            CEO                                   Steven Weinstein
                                            ------------------------------
                                                     Print Name

                                            ------------------------------
                                                      (Address)

                                            ------------------------------
                                                      (City, Zip)

                                       8Separation Agreement and Release between the Company and  S. Craig George

 Exhibit 10.1 
  
 SEPARATION AGREEMENT AND RELEASE 
  
 THIS SEPARATION AGREEMENT AND RELEASE (this “Agreement”) is made by and between Vintage Petroleum, Inc.
(hereinafter, unless the context indicates to the contrary, deemed to include its subsidiaries, affiliates and all related entities referred to as “Company”) and S. Craig George (“Executive”) and shall be effective on the eighth
day following execution by Executive (the “Effective Date”). 
  
 PURPOSE 
  
 Company and Executive have agreed that
the employment relationship between them will terminate on the Effective Date. In order to achieve a final and amicable resolution of the relationship in all its aspects and in consideration of the mutual covenants and promises set forth below, as
well as other good and valuable considerations, the receipt and sufficiency of which are hereby acknowledged, the parties agree as follows: 
  
 COVENANTS AND OBLIGATIONS OF COMPANY 
  
 1. Termination of Employment: Executive’s employment with Company will terminate on the Effective Date. Executive will receive his
regular compensation through the Effective Date. 
  
 2.
Severance Pay: In recognition of Executive’s past service to Company and in consideration of the release contained herein, Company shall continue to pay Executive his regular base salary for a period of six months following his
employment termination (the “Severance Period”). Such payments shall be made on the Company’s regular paydays for exempt employees and shall be subject to normal withholding for taxes and other standard deductions. 
  

 3. Continuation of Medical Insurance: Executive will continue to participate in the
Company’s group health insurance plan through the last day of the month in which Executive’s employment termination occurs. Thereafter, Executive will be entitled to continue his group medical insurance coverage in accordance with the
Federal COBRA legislation. Executive must meet all requirements for coverage continuation under COBRA. During the Severance Period, Company will reimburse Executive for that portion of the COBRA premium cost which is in excess of the premium
contribution which Executive was required to pay as an employee participant in the Company’s group health insurance plan. Except as specifically set forth herein, life insurance, disability and other employee benefits made available to the
Executive by Company will end on the Effective Date. 
  
 4.
Other Benefits: Neither this Agreement nor the release contained herein shall waive Executive’s right to any accrued benefit under a Company plan in which he is a vested participant, including but not limited to any benefits under
the Vintage Petroleum, Inc. 401(k) Plan. In addition, Company will, as further consideration for Executive’s promises set forth below, undertake the following: 
  
 4.1 Bonus Payment: Through participation in the Vintage Petroleum, Inc. Discretionary
Performance Bonus Program (the “Bonus Program”), Executive has been granted certain bonuses which were payable over time, with approximately Seventy Thousand Dollars ($70,000.00) in the aggregate, remaining due in two future installments
(July 1, 2004 and July 1, 2005). Company agrees that Executive shall be entitled to receive the remaining payments under the Bonus Program and shall pay such amounts to Executive on the date each payment is due under the terms of the Bonus Program.

  

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 4.2 Stock Options: As a participant in the Vintage Petroleum, Inc. 1990
Stock Plan, as amended (the “1990 Stock Plan”), Executive has vested options to purchase Company common stock at various prices as set forth on Exhibit A hereto. Under the terms of the option agreements evidencing such options, such
options must be exercised prior to the termination of Executive’s employment with the Company for any reason other than Executive’s death. Company, with the approval of the Compensation Committee of the Board of Directors of Company, shall
extend the period in which Executive may exercise each of such options to the end of the term (i.e., expiration date) of such option as provided for in the option agreement evidencing such option. Executive acknowledges, however, that such extension
of the exercise period may cause Executive’s incentive stock options to be treated as non-qualified stock options for federal income tax purposes. Executive further acknowledges that any of Executive’s incentive stock options which are
exercised more than three months after the Effective Date will be treated as non-qualified stock options for federal income tax purposes. 
  
 4.3 Restricted Stock: Executive has been granted shares of restricted stock under the 1990 Stock Plan as set forth on
Exhibit A hereto, ownership of which has not yet vested in Executive pursuant to the terms of the Restricted Stock Award Agreements evidencing such grants. Company agrees that all of such shares of restricted stock granted to Executive shall vest in
full as of the Effective Date. 
  
 COVENANTS AND OBLIGATIONS OF
EXECUTIVE 
  
 In consideration of the promises and covenants
of Company contained in this Agreement, Executive agrees to the following: 
  

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 1. Resignation: Executive has previously resigned as an officer and director of Company and
submits his resignation as an employee of Company and as a member of the Vintage Petroleum, Inc. 401(k) Plan Advisory Committee. Executive’s employment resignation will coincide with the Effective Date. 
  
 2. Release: Except for the obligations specifically set forth
or referenced in this Agreement, Executive fully and forever relieves, releases, and discharges Company, its predecessors, successors, parent, subsidiaries, operating units, affiliates, divisions, and the agents, representatives, officers,
directors, stockholders, employees and attorneys of each of the foregoing, from all claims, debts, liabilities, demands, obligations, promises, acts, agreements, costs, expenses, damages, actions, and causes of action whether in law or in equity,
whether known or unknown, suspected or unsuspected, arising from Executive’s employment with and termination by Company, including but not limited to any and all claims pursuant to Title VII of the Civil Rights Act of 1964, 42 U.S.C. §
2000e, et seq., as amended by the Civil Rights Act of 1991, which prohibits discrimination in employment based on race, color, national origin, religion or sex; the Civil Rights Act of 1866, 42 U.S.C. §1981, 1983 and 1985, which
prohibits violations of civil rights; the Equal Pay Act of 1963, 29 U.S.C. § 206(d)(1), which prohibits unequal pay based upon gender; the Age Discrimination in Employment Act of 1967, as amended, and as further amended by the Older Workers
Benefit Protection Act, 29 U.S.C. § 621, et seq., which prohibits age discrimination in employment; the Employee Retirement Income Security Act of 1974, as amended, 29 U.S.C. §1001, et seq., which protects certain employee
benefits; the Americans with Disabilities Act of 1990, as amended, 42 U.S.C. § 12101, et seq., which prohibits discrimination against the disabled; the Family and Medical Leave Act of 1993, 29 U.S.C. § 2601, et seq., which
provides medical and family leave; the Fair Labor Standards Act, 29 U.S.C. § 201, et seq., including the Wage and Hour Laws relating 

  

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to payment of wages; Oklahoma’s Anti-Discrimination Act, 25 O.S. § 1101, et seq., which prohibits discrimination in employment; and all
other federal, state or local laws or regulations prohibiting employment discrimination. This release also includes, but is not limited to, a release by Executive of any claims for breach of contract, mental pain, suffering and anguish, emotional
upset, impairment of economic opportunities, unlawful interference with employment rights, defamation, intentional or negligent infliction of emotional distress, fraud, wrongful termination, wrongful discharge in violation of public policy, breach
of any express or implied covenant of good faith and fair dealing, that the Company has dealt with Executive unfairly or in bad faith, and all other common law contract and tort claims. Executive is not waiving any right to indemnification by
Company or its insurers for claims arising from his actions as an officer and director of the Company, or any rights or claims that may arise after the Effective Date. 
  
 3. Continuing Obligations: Following his termination of employment, Executive agrees to act in the best
interests of the Company by adhering to the following commitments: 
  
 3.1 Protection of Company Information: Executive agrees to return all Company property including all documents and electronic files containing information related to the Company’s business.
Executive agrees that he will not, directly or indirectly, disclose any confidential records, trade information, plans, projections, financial data, formula, specifications, or other trade secrets of Company to any third party without the written
consent of the Company, except as may otherwise be required by law. The prohibitions of this Paragraph 3.1 shall not apply, however, to information in the public domain (but only if the same becomes a part of the public domain through a means other
than a disclosure prohibited hereunder). 
  

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 3.2 Non-disparagement: Executive agrees that he will not publish any
disparaging statements regarding the Company, its officers, employees or directors. Executive shall not participate in any written or oral statement, discussion, or originate or cause to be originated, any news release or other public announcement
or publication, to any third party, including the Company’s employees, former employees, vendors, and stockholders, relating to the circumstances of Executive’s resignation from the Company without the prior written approval of the
Chairman of the Board of the Company. Nothing contained herein shall prevent Executive from using any truthful, non-confidential information about the Company and his employment in order to obtain employment. 
  
 3.3 Covenant Not to Compete: During the
Severance Period, Executive will not compete, directly or indirectly, with businesses being conducted by Company on the Effective Date in the geographic areas where Company was then conducting business. 
  
 3.4 Non-solicitation: For a period of two
years following the Effective Date, Executive will not, for his own interests or while acting on behalf of others, contact employees, vendors or customers of the Company for the purpose of persuading them to end their relationship with Company or to
cease doing business with Company. 
  
 3.5
Availability for Consultation: Executive will assist the management of the Company with regard to pending issues of which the Executive may have knowledge and information and will assist Company counsel in the defense of any litigation
or dispute as to which Executive may have knowledge of the facts and circumstances. Company shall reimburse Executive for all reasonable out-of-pocket expenses incurred in providing such cooperation. Executive agrees to immediately notify the
Company through its General Counsel upon receipt of any subpoena or deposition 

  

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notice compelling his testimony related to matters which he has knowledge of by reason of his employment by Company and shall cooperate with Company counsel
in framing an appropriate response to the legal process. 
  
 REPRESENTATION OF PARTIES 
  
 The parties
represent and warrant as follows: 
  
 1. Executive has been
advised by Company to discuss this Agreement with an attorney before signing. 
  
 2. Executive has been extended a period of 21 days within which to consider this Agreement. 
  
 3. For a period of seven (7) days following Executive’s execution of this Agreement, Executive may revoke this Agreement by notifying Company, in
writing, of his desire to do so. After the seven (7) day period has elapsed, this Agreement shall become effective and enforceable. 
  
 4. Certain sums to be paid by Company hereunder is consideration to which Executive is not otherwise entitled under any Company plan, program or prior
agreement. 
  
 GENERAL PROVISIONS 
  
 1. No Admission of Liability: This Agreement and compliance
with this Agreement shall not be construed as an admission by Company of any liability whatsoever, or as an admission by Company of any violation of the rights of Executive or any other person, or any violation of any order, law, statute, duty or
contract. 
  
 2. Severability: In the event that any
provision of this Agreement should be held to be void, voidable, or unenforceable, the remaining portions hereof shall remain in full force and effect. 
  

 7 

 3. Governing Law: This Agreement will be interpreted and enforced in accordance with the
laws of the State of Oklahoma. 
  
 4. Entirety and
Integration: Upon the execution hereof by all the parties, this Agreement shall constitute a single, integrated contract expressing the entire agreement of the parties relative to the subject matter hereof and supersedes all prior
negotiations, understandings and/or agreements, if any, of the parties. No covenants, agreements, representations, or warranties of any kind whatsoever have been made by any party hereto, except as specifically set forth in this Agreement.

  
 5. Authorization: Each person signing this
Agreement as a party or on behalf of a party represents that he or she is duly authorized to sign this Agreement on such party’s behalf, and is executing this Agreement voluntarily, knowingly, and without any duress or coercion. 
  

									
	 	 	 	 	 S. CRAIG GEORGE

				
	 Dated:
	 	 March 3, 2004
	 	 	 	/s/    S. CRAIG GEORGE        
	 	 	 	 	 	 	

	 	 	 	 	 	 	 	 	 
			
	 	 	 	 	 VINTAGE PETROLEUM, INC

					
	 Dated:
	 	 March 3, 2004
	 	 	 	By:	 	/s/    C. C. STEPHENSON JR.        
	 	 	 	 	 	 	 	 	

	 	 	 	 	 	 	 Its:
	 	Chairman, President & Chief Executive Officer

  

 8 

			
	S. Craig George	  	EXHIBIT A

  
 Vested Stock Options -

  

										
	 Type

	  	Grant Date

	  	 Expiration
 Date

	  	 Option
 Price

	  	 Options
 Outstanding

	 NQ
	  	12/29/93	  	06/28/04	  	$	9.0625	  	50,000
	 NQ
	  	12/30/94	  	12/29/04	  	$	8.3750	  	40,000
	 NQ
	  	09/18/95	  	09/17/05	  	$	10.3450	  	120,000
	 ISO
	  	03/15/96	  	03/14/06	  	$	9.6875	  	21,624
	 NQ
	  	03/15/96	  	03/14/06	  	$	9.6875	  	37,396
	 ISO
	  	03/07/97	  	03/06/07	  	$	15.5000	  	12,900
	 NQ
	  	03/07/97	  	03/06/07	  	$	15.5000	  	57,100
	 NQ
	  	03/16/99	  	03/15/09	  	$	7.2500	  	114,000

  
 Restricted Stock - 

 

				
	 Grant Date

	  	Shares (b)

	 
	 06/14/02
	  	18,750	 
	 02/20/03
	  	42,000	(a)
	 07/10/03
	  	100,000	 
	 08/27/03
	  	23,000	 

  

	(a)	Excludes 21,000 shares which vested on 02/20/04; withholding taxes of $95,336.51 due
03/10/04. The 21,000 shares which vested on 02/20/04 have not yet been delivered to Mr. George. 

  

	(b)	Additional withholding taxes will be due on these shares when vested on the Effective Date,
based on the average of the high and low stock price on the Effective Date. 

  

 9

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00066-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00066-of-00352.parquet"}]]