Document:

EX-10.4

 Exhibit 10.4 

WHITING PETROLEUM CORPORATION 

RESTRICTED STOCK UNIT AWARD AGREEMENT (STOCK-SETTLED) 

THIS RESTRICTED STOCK UNIT AWARD AGREEMENT (this “Agreement”) is made and entered into as of [●],
20[●], by and between Whiting Petroleum Corporation, a Delaware corporation with its principal offices at Denver, Colorado (the “Company”), and the non-employee
director or key employee of the Company or one of its affiliates whose signature is set forth on the signature page hereof (the “Participant”). 

W I T N E S S E T H : 

WHEREAS, the Company has adopted the Whiting Petroleum Corporation 2013 Equity Incentive Plan (the “Plan”), which
permits the Company to issue equity-based awards to certain key salaried employees and non-employee directors of the Company and any affiliate of the Company; and 

WHEREAS, the Participant is a key salaried employee or a non-employee director of the Company, and the
Company desires such person to remain in such capacity and wishes to provide such person with the opportunity to receive monetary payments based on the value of the Company’s shares of common stock (the “Shares”) to align the
personal interests of the Participant with the interests of shareholders and the success of the Company. 
 NOW, THEREFORE, in consideration
of the premises and of the covenants and agreements herein set forth, the parties hereby mutually covenant and agree as follows: 

1.    Award of RSUs. Subject to the terms and conditions set forth herein, the Company hereby awards the
Participant the number of restricted stock units set forth on the signature page hereof (the“RSUs”). 

2.    Vesting. Subject to Sections 4 and 11, one-third of the RSUs shall
vest on each of the first, second, and third anniversaries of the Grant Date specified on the signature page hereof. 

3.    Settlement. As soon as reasonably practicable (but no more than thirty (30) days) after each vesting
date, the Company will issue to the Participant a number of Shares equal to the number of RSUs that vested on such date. 

4.    Termination of Employment or Death. If the Participant’s employment with, or service on the board of
directors of, the Company or an affiliate (as applicable) is terminated for any reason (including death), all RSUs that have not vested as of the date of termination shall be forfeited as of the date on which such termination occurs. 

5.    Rights as a Shareholder; Dividend Equivalents. The Participant shall not have any rights of a shareholder
with respect to the Shares underlying the RSUs (including, without limitation, any voting rights or any right to dividends), until the Shares have been issued hereunder. If, however, after the Grant Date and prior to the settlement date, a record
date with respect to a cash dividend on the Shares occurs, then on the date that such dividend is paid to Company shareholders the Participant shall be credited with “dividend equivalents” in an amount equal to the dividends that would
have been paid to the Participant if the Participant owned a number of Shares equal to the 

 
number of outstanding RSUs hereunder as of such record date. The dividend equivalents will be deemed to be reinvested in additional restricted stock units (determined by multiplying the cash
dividends paid by the Fair Market Value of a Share on the dividend payment date) and will be subject to the same terms and conditions, and shall vest and be settled or be forfeited (if applicable) at the same time as the RSUs to which they
are attributable. 
 6.    Tax Withholding. As a condition of receiving this award of RSUs, the Participant
agrees to pay to the Company upon demand such amount as may be requested by the Company for the purpose of satisfying its liability to withhold federal, state, or local income or other taxes due by reason of the grant, vesting or settlement of the
RSUs, or the Participant may elect to have the Company satisfy such withholding obligations by withholding a number of Shares otherwise issuable hereunder having a Fair Market Value on the date the tax obligation arises equal to the amount to be
withheld; provided, however, that the amount to be withheld may not exceed the total maximum statutory tax rates associated with the transaction to the extent needed for the Company to avoid adverse accounting treatment. If the
Participant does not make such payment or election, then the Company may withhold such taxes from other amounts owed to the Participant or may choose to satisfy the withholding obligations by withholding Shares otherwise issuable hereunder in
accordance with the preceding sentence. 
 7.    No Right to Employment or Service. Nothing in this Agreement
shall confer upon the Participant any right to continue in the employment or service of the Company or any affiliate, or interfere with or limit in any way the right of the Company or an affiliate to terminate the Participant’s employment or
service at any time. 
 8.    Interpretation by Committee. The Participant agrees that any dispute or
disagreement which may arise in connection with this Agreement shall be resolved by the Compensation Committee of the Board of Directors of the Company (the “Committee”), in its sole discretion, and that any
interpretation by the Committee of the terms of this Agreement or the Plan and any determination made by the Committee under this Agreement or the Plan may be made in the sole discretion of the Committee and shall be final, binding, and conclusive.
Any such determination need not be uniform and may be made differently among Participants awarded restricted stock units. 

9.    Transferability. The Participant may not transfer any interest in the RSUs other than under the
Participant’s will or as required by the laws of descent and distribution. The RSUs also may not be pledged, attached, or otherwise encumbered. Any purported assignment, alienation, sale, transfer, pledge, attachment or encumbrance of the RSUs
in violation of the terms of this Agreement shall be null and void and unenforceable against the Company or its successors. In addition, notwithstanding anything to the contrary herein, the Participant agrees and acknowledges with respect to any
Shares issued hereunder that have not been registered under the Securities Act of 1933, as amended (the “Act”) (a) he or he or she will not sell or otherwise dispose of such Shares except pursuant to an effective registration
statement under the Act and any applicable state securities laws, or in a transaction which, in the opinion of counsel for the Company, is exempt from such registration, and (b) a legend will be placed on the certificates for the Shares to such
effect. 
 10.    Miscellaneous.

(a)    This Agreement shall be governed by and construed in accordance with the internal laws of the State of Delaware
applicable to contracts made and to be performed therein between residents thereof. 

  
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 (b)    This Agreement may not be amended or modified except by the written
consent of the parties hereto. 
 (c)    The captions of this Agreement are inserted for convenience of reference only
and shall not be taken into account in construing this Agreement. 
 (d)    Any notice, filing or delivery hereunder or
with respect to the RSUs shall be given to the Participant at either his or her usual work location or his or her home address as indicated in the records of the Company, and shall be given to the Committee or the Company at 1700 Broadway, Suite
2300, Denver, Colorado 80290-2300, Attention: Corporate Secretary. All such notices shall be given by first class mail, postage prepaid, or by personal delivery. 

(e)    This Agreement shall be binding upon and inure to the benefit of the Company and its successors and assigns and
shall be binding upon and inure to the benefit of the Participant and the Participant’s heirs and legal representatives. 

(f)    This Agreement is subject in all respects to the terms and conditions of the Plan. 

11.    Change of Control. Notwithstanding any other provision to the contrary contained in this Agreement,
effective upon a Change in Control (as defined in the Plan), the RSUs shall become 100% vested as of the date of such Change in Control, unless the RSUs were previously forfeited under the terms of this Agreement. 

[Signature page follows] 

  
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 IN WITNESS WHEREOF, the Company has caused this instrument to be executed by its duly authorized
officer and the Participant has hereunto affixed his or her signature, all as of the day and year first set forth above. 
  

													
	COMPANY	 		 		 	PARTICIPANT
						
	WHITING PETROLEUM CORPORATION	 		 		 		 		 	
					
	By:	 	                                     
                                        	 		 		 	                                   
                                         
                                  
							
		 		 		 		 		 	No. of Restricted Stock Units:	 	                                     
                                        

		 		 		 		 		 	  
 Grant Date:
	 	                                     
                                         

  
 4Exhibit

Exhibit 10.1

Summary of Directors’ Compensation
The Compensation Committee of NewMarket Corporation (the “Company”) approved directors' compensation, which is effective October 1, 2017. The Company pays the following quarterly fees for non-employee committee membership: 
 
	
				
	Audit Committee Member
	$
	1,250
	

	Audit Committee Chairman
	5,000
	

	Compensation Committee Chairman
	3,750
	

	Nominating and Corporate Governance Committee Chairman
	2,500
	

The Company pays each of its non-employee directors a quarterly fee of $21,250. In addition to this amount, the Company pays the Lead Director a quarterly fee of $6,250. The Company does not pay employee members of the Board of Directors separately for their service on the Board of Directors or its committees. 
Any director who was elected to the Board of Directors on or before February 23, 1995 and who retires from the Board of Directors will receive $12,000 per year for life after age 60. The $12,000 is payable in quarterly installments. The retirement payments to former directors may be discontinued under certain circumstances. 
Under the 2014 Incentive Compensation and Stock Plan (the “Plan”), each non-employee director is awarded on each July 1 that number of whole shares of the Company’s common stock that, when multiplied by the closing price of the Company’s common stock on the immediately preceding business day equals as nearly as possible but does not exceed $90,000. The shares of the Company’s common stock awarded under the Plan are nonforfeitable and the recipient directors immediately and fully vest in shares of the Company’s common stock issued under the Plan. Subject only to such limitations on transfer as may be specified by applicable securities laws, directors may sell their shares under the Plan at any time.

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