Document:

EX-10.39

 Exhibit 10.39 
 APACHE CORPORATION 
 NON-EMPLOYEE DIRECTORS’ COMPENSATION PLAN

 As Amended and Restated February 6, 2013 
 PURPOSE 
 The purpose of the Non-Employee Directors’ Compensation Plan (the
“Plan”) is to set forth certain of the compensation arrangements for members of the board of directors (the “Board”) of Apache Corporation (“Apache”) who are not also employees of Apache
(“Non-Employee Directors”). The Plan does not supersede or amend in any way any other arrangements relating to Non-Employee Directors including specifically, without limitation, the Outside Directors’ Retirement Plan, the 2007
and 2011 Omnibus Equity Compensation Plans, indemnification provisions of Apache’s charter or bylaws, or policies with respect to reimbursement of expenses. 
 It is Apache’s express intention that this Plan comply with the requirements of Code §409A, and the Plan shall be interpreted in that light. 

PLAN PROVISIONS 

1. Board Retainer. Each Non-Employee Director shall be paid $37,500 at the end of each calendar quarter (or as soon thereafter as is
administratively practicable) during which he or she served as a member of Apache’s Board (“Cash Retainer Fee”). If a Non-Employee Director serves as a member of Apache’s Board for less than an entire calendar quarter, the
Cash Retainer Fee for that quarter shall be prorated on the basis of the number of weeks served during that calendar quarter. 
 2.
Committee Chairperson Retainers. Each Non-Employee Director serving as chairperson of any committee of Apache’s Board shall be paid $3,750 at the end of each calendar quarter (or as soon thereafter as is administratively practicable)
(“Committee Chairperson Retainer Fee”). If a Non-Employee Director serves as chairperson of any committee of Apache’s Board for less than an entire calendar quarter, the Committee Chairperson Retainer Fee for that quarter shall
be prorated on the basis of the number of weeks as chairperson during that calendar quarter. 
 3. Attendance Fees. No attendance
fee shall be paid to any Non-Employee Director for any meeting of the Board or any committee thereof attended in person or by teleconference, video conference, or other similar means. 
 4. Optional Deferral of Fees. 
 (a) Deferrable Fees. A
Non-Employee Director may defer all or any portion of any unpaid Cash Retainer Fees and Committee Chairperson Retainer Fees (“Deferrable Fees”). 

  
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 (b) Election to Defer. A Non-Employee Director’s election to defer all or
any portion of Deferrable Fees (“Deferral Election”) shall be effected by the completion of a Deferral Election form. A Deferral Election form must be executed by the deferring Non-Employee Director and received by Apache on or
before December 31 of the year prior to the year in which the Deferrable Fees are earned, except that a new Non-Employee Director may enter into a Deferral Election within 30 days of becoming a Non-Employee Director. A Deferral Election shall
apply only to Deferrable Fees paid for services rendered after the date of the Deferral Election. Each December 31, a Deferral Election made for the following year shall become irrevocable. A new Deferral Election must be made each year for the
upcoming year. 
 (c) Memorandum Account. Apache shall maintain a separate account (“Memorandum
Account”) for each deferring Non-Employee Director. Each Memorandum Account shall be subdivided into a “Cash Account” and a “Stock Account.” The Memorandum Accounts are merely for recordkeeping
purposes, and do not represent any actual property that has been set aside for Non-Employee Directors. Nothing contained in this Plan shall be construed to require Apache to fund any Memorandum Account. Neither the deferring Non-Employee Director
nor his or her Beneficiary shall have any property interest whatsoever in any specific assets of Apache. A Non-Employee Director shall have no ownership rights with respect to any balance in his or her Memorandum Account, and thus shall have no
right to vote any Stock in his or her Stock Account. 
 (d) Crediting of Cash Accounts. Any deferred Cash Retainer
Fees and deferred Committee Chairperson Retainer Fees shall be credited to the Cash Account. Any dividends paid on Stock in the Stock Accounts shall be credited to the Cash Account. All amounts credited to a Cash Account shall be credited with
investment earnings at the rate of interest earned by Apache’s short-term marketable securities portfolio or an equivalent index or market rate for similar investments in short-term marketable securities. 

(e) Crediting of Stock Accounts. No deferrals shall be credited to a Stock Account; however, see section 4(f) for transfers
from the Cash Account to the Stock Account. All amounts credited to a Stock Account shall be treated as if such amounts were invested in Stock. Apache shall at all times have reserved from its treasury shares for issuance under this Plan a number of
shares at least equal to the number of shares of Stock in the Stock Accounts. 
 (f) Transfers from Cash Account to Stock
Account. Each year, a Non-Employee Director may elect to transfer all or a portion of his or her Cash Account to his or her Stock Account (but only in whole-share increments) by completing an election form that must be received by Apache on
or before December 31. Any such transfer shall be made as of the first trading day of the following year, and shall be based on the per share closing price of the Stock as reported on the Composite Tape for the first trading day of the year.
Transfers are not permitted from a Stock Account to a Cash Account. 
 (g) Payout Elections. If a Non-Employee
Director’s directorship terminated before January 1, 2005, his or her benefit payments shall be determined under the terms of the Plan on December 31, 2004 and the payout elections in effect at the

  
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time his or her directorship terminated. If a Non-Employee Director had a Separation from Service after December 31, 2004 and before January 1, 2009, his or her benefits shall be
determined under the terms of the Plan in effect at the time of his or her Separation from Service (defined in paragraph (v) below). The remainder of this section 4(g) shall only apply to individuals who continue as Non-Employee Directors after
December 31, 2008, or who become Non-Employee Directors after December 31, 2008. 
 (i) Election. Each
individual who is Non-Employee Director on January 1, 2009 has made a payout election for his or her Memorandum Account, which specified both the timing and form of distribution. A new Non-Employee Director shall make a payout election at the
same time that he or she makes his or her first Deferral Election. If no payout election is timely made, the Non-Employee Director shall be deemed to have elected to be paid a single lump-sum payment in January after his or her Separation from
Service. The payout election with respect to a Memorandum Account is irrevocable after the deadline for making the payout election. The payout election will not apply if there is a change of control (see section 4(h)) or the Non-Employee Director
dies (see section 4(i)). 
 (ii) Form of Payout. A Non-Employee Director may elect to be paid out in a single lump-sum
payment or in two to ten annual installments. Each installment from a Stock Account shall be equal to the number of shares in the Stock Account on the second trading day of that year, divided by the number of remaining installments, rounded down to
the nearest whole share. For example, the first installment from a Stock Account payable in seven installments beginning in 2010 shall be one-seventh of the shares in the account on the second trading day of 2010; the second installment shall be
one-sixth of the shares in the account on the second trading date of 2011; etc. Each installment from a Cash Account shall be equal to the balance of the Cash Account on the second trading day of the year, divided by the number of remaining
installments, except that the last installment shall equal the balance of the Cash Account at the time the distribution is processed. Distributions from the Stock Account shall be paid in whole shares of Stock. Distributions from the Cash Account
shall be paid in cash. 
 (iii) Timing of Payment(s). A Non-Employee Director may select a specific year in which the
single lump-sum payment is made or the installment payments begin (“In-Service Distribution”), in which case the payment will be made as soon as administratively practicable in January of the earlier of the selected year or the year
after the Non-Employee Director’s Separation from Service. Alternatively, a Non-Employee Director may elect for his or her single lump-sum payment or first installment to be paid as soon as administratively practicable in the January after his
or her Separation from Service. Subsequent installment payments shall be made in January of each year, beginning with the year after the first installment was paid. 
 (iv) Special Rules Where Payments Begin While Still a Director. This paragraph (iv) applies to a Non-Employee Director who elected an In-Service Distribution. A second Memorandum Account shall
be established for the Non-Employee Director for any amounts deferred into the Plan during or after the 

  
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year in which the In-Service Distribution is scheduled to begin. Distributions from the second Memorandum Account shall be subject to the rules specified in this section 4(g), except that a
Non-Employee Director must complete a payout election for the second Memorandum Account by the December 31 that immediately precedes the year in which amounts are first deferred into the second Memorandum Account. 

(v) Definition of Separation from Service. The term “Separation from Service” has the same meaning as the term
“separation from service” in Code §409A(a)(2)(A)(i), determined using the default rules in the regulations and other guidance of general applicability issued pursuant to Code §409A, including the special rules for members of a
board of directors found in Treasury Regulation §1.409A-1(h)(5) and §1.409A-1(c)(2)(ii). In general, a Separation from Service will occur when a Non-Employee Director ceases to be a member of the Board. 

(vi) Special Rules for Specified Employees. 
 If a Non-Employee Director is a Specified Employee, (A) any payments under paragraph (iii) above that are triggered by his or her Separation from Service and scheduled to occur within six months
after the Separation from Service shall be delayed and paid six months after the Separation from Service, and (B) section 4(h) is modified for a Non-Employee Director whose Separation from Service preceded a change of control by less than six
months to provide that the lump sum payment will not occur until six months after the Separation from Service. 
 The term
“Specified Employee” has the same meaning as the term “specified employee” in Code §409A(a)(2)(B)(i), and is determined using the default rules in the regulations and other guidance of general applicability issued pursuant
to Code §409A. 
 (h) Change of Control. If there is a change of control of Apache that is described in Code
§409A(a)(2)(A)(v), each Memorandum Account shall be paid to the appropriate Non-Employee Director (or to the Beneficiary of a deceased Non-Employee Director) in a single lump-sum payment made on the date of the change of control or as soon
thereafter as is administratively practicable and in no event later than the end of the calendar year in which the change of control occurs. 
 (i) Beneficiaries. If a Non-Employee Director dies while there is still a balance in his or her Memorandum Account, that amount shall be paid to his or her Beneficiary in a single lump-sum
payment that is made as soon as administratively convenient four months after the Non-Employee Director’s death, but in no event later than the end of the calendar year that contains the day that is four months after the Non-Employee
Director’s death. This four-month period is designed to provide the Beneficiary with a sufficient opportunity to disclaim all or part of the benefit, as explained in paragraph (iv) below. No payment shall be made until Apache has been
furnished with proof of death and such other information as it may reasonably require. 

  
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 (i) Designation. Each Non-Employee Director shall designate one or more persons,
trusts, or other entities as his or her beneficiary (“Beneficiary”). In the absence of an effective Beneficiary designation as to part or all of a Memorandum Account, such amount shall be distributed to the Non-Employee Director’s
surviving Spouse, if any, otherwise to the Non-Employee Director’s estate. Unless the Non-Employee Director’s Beneficiary designation form specifies otherwise, if a Beneficiary dies after the Non-Employee Director but before being paid by
the Plan, the Plan shall pay the Beneficiary’s estate. 
 (ii) Changing Beneficiaries. A Beneficiary designation may
be changed by the Non-Employee Director at any time and without the consent of any previously designated Beneficiary. However, if the Non-Employee Director is married, the Non-Employee Director’s Spouse shall be the Beneficiary unless the
Spouse has consented to the designation of a different Beneficiary. To be effective, the Spouse’s consent must have been made before January 1, 2005 or, if made on or after January 1, 2005, the Spouse’s consent must be in
writing, witnessed by a notary public, and filed with Apache. If the Non-Employee Director has designated his or her Spouse as a primary or contingent Beneficiary, and the Non-Employee Director and Spouse later divorce (or their marriage is
annulled), then the former Spouse will be treated as having pre-deceased the Non-Employee Director for purposes of interpreting a Beneficiary designation form completed prior to the divorce or annulment; this provision will apply only if Apache is
notified of the divorce or annulment before payment to the former Spouse is made. 
 (iii) “Spouse” shall mean
the individual to whom a Non-Employee Director is lawfully married according to the laws of the state of the Non-Employee Director’s domicile. 
 (iv) Disclaimers. Any individual or legal entity who is a Beneficiary may disclaim all or any portion of his or her interest in the Plan, provided that the disclaimer satisfies the requirements of
Code §2518(b) and applicable state law. The legal guardian of a minor or legally incompetent person may disclaim for such person. The personal representative (or the individual or legal entity acting in the capacity of the personal
representative according to applicable state law) may disclaim on behalf of a Beneficiary who has died. The amount disclaimed shall be distributed as if the disclaimant had predeceased the individual whose death caused the disclaimant to become a
Beneficiary. 
 (j) Adjustments in Stock. In the event of any merger, consolidation, liquidation, dissolution,
recapitalization, or reorganization of Apache, split, subdivision, or consolidation of shares of Stock, the payment of a stock dividend, or any other material change in Apache’s capital structure, the number of shares of Stock shown in each
deferring Non-Employee Director’s Stock Account shall be adjusted to reflect that number of shares of Stock or such cash, securities, or other property to which such Non-Employee Director would have been entitled if, immediately prior thereto,
such Non-Employee Director had been the holder of record of the number of shares of Stock shown in the Stock Account. Notwithstanding the foregoing, the issuance by Apache of Stock, rights, options, or warrants to acquire Stock, or securities
convertible or exchangeable into Stock in consideration of cash, property, labor, or services, whether or not for fair value, shall not result in an adjustment pursuant to this section 4(j). 

  
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 5. Assignment and Transfer. The right of the Non-Employee Director or any other person
to receive payments under the Plan shall not be assigned, transferred, pledged, or encumbered. 
 6. Amendment of Plan. The Plan
may be amended from time to time or terminated by vote of the Board. Upon such amendment or termination, Non-Employee Directors shall not be entitled to receive pursuant to the Plan any compensation or other rights or benefits not accrued hereunder
prior to the time of amendment or termination hereof; provided, however, that no such Plan amendment or termination shall impair any rights of Non-Employee Directors to amounts previously accrued pursuant to the Plan or accumulated in such
Non-Employee Director’s Memorandum Account. A Plan termination shall not affect the timing of any benefit payments from a Memorandum Account; payment may occur substantially after the Plan is terminated. 

7. Successors and Assigns. The Plan is binding upon Apache and its successors and assigns. The Plan shall continue in effect until
terminated by the Board. Any such termination shall operate only prospectively and shall not affect the rights and obligations under elections previously made. 
 8. Administrative Delays. The Plan shall be administered by the Management Development and Compensation Committee (the “MD&C Committee”) of the Board. The MD&C Committee
may delay any payment from this Plan for as short a period as is administratively necessary. For example, a delay may be imposed upon all payments from the Plan when there is a change of recordkeeper, and a delay may be imposed on payments to any
recipient until they have provided the information needed for tax withholding and tax reporting, as well as any other information reasonably requested by the MD&C Committee. If possible, the delay will satisfy one of the conditions to be
considered a permissible delay under Code §409A. 
 9. 409A Noncompliance. To the extent that Apache or the MD&C
Committee takes any action that causes a violation of Code §409A or fails to take reasonable actions required to comply with Code §409A, Apache shall pay an additional amount (the “gross-up”) to the individual(s) who are subject
to the penalty tax under Code §409A(a)(1) that is sufficient to put the individual in the same after-tax position he or she would have been in had there been no violation of Code §409A. Apache shall not pay a gross-up if the cause of the
violation of Code §409A is the recipient’s failure to take reasonable actions (such as failing to timely provide the information required for tax withholding or failing to timely provide other information reasonably requested by the
MD&C Committee—with the result that the delay in payment violates Code §409A). Any gross-up will be made as soon as administratively convenient after the MD&C Committee determines the gross-up is owed, and no later than the end of
the calendar year immediately following the calendar year in which the additional taxes are remitted. However, if the gross-up is due to a tax audit or litigation addressing the existence or amount of a tax liability, the gross-up will be paid as
soon as administratively convenient after the litigation or audit is completed, and no later than the end of the calendar year following the calendar year in which the audit is completed or there is a final and non-appealable settlement or other
resolution of the litigation. 

  
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 10. Notices. Any notice, form, or election required or permitted to be given under the Plan
shall be in writing and shall be given by first class mail, by Federal Express, UPS, or other carrier, by fax or other electronic means, or by personal delivery to the appropriate party, addressed: 

(a) If to Apache, to Apache Corporation at its principal place of business at 2000 Post Oak Boulevard, Suite 100, Houston, Texas
77056-4400 (Attention: Corporate Secretary) or at such other address as may have been furnished in writing by Apache to a Non-Employee Director; or 
 (b) If to a Non-Employee Director or Spouse, at the address the Non-Employee Director has furnished to Apache in writing. 
 (c) If to a Beneficiary, at the address the Non-Employee Director has furnished to Apache in writing for such Beneficiary, unless the Beneficiary has furnished his or her own address in writing to Apache.

 Any such notice to a Non-Employee Director, Spouse, or Beneficiary shall be deemed to have been given as of the third day after deposit in
the United States Postal Service, postage prepaid, properly addressed as set forth above, in the case of a mailed notice, or as of the date delivered in the case of any other method of delivery. 

11. Gender. Any term used herein in the singular shall also include the plural, and the masculine gender shall also include the feminine
gender, and vice versa. 
 12. Statutory References. Any reference to a specific section of the Code shall be deemed to refer to
that section or to the appropriate successor section. 
 13. Governing Law. The Plan shall be governed by the laws of the State of
Texas, ignoring any conflicts-of-law provisions. 
 Dated: February 6, 2013 

 

							
	 ATTEST:
	  		 	APACHE CORPORATION
				
	 /s/ Cheri L. Peper
	  		 	By:	 	 /s/ Margery M. Harris

	 Cheri L. Peper
	  		 	Margery M. Harris
	 Corporate Secretary
	  		 	Executive Vice President,
		  		 	 Human Resources

  
 7EX-10.40

 Exhibit 10.40 
 APACHE CORPORATION 
 OUTSIDE DIRECTORS’ RETIREMENT PLAN

 (As Amended and Restated February 6, 2013) 
 APACHE CORPORATION (the “Company”) established the Apache Corporation Outside Directors’ Retirement Plan (the “Plan”), effective as of December 15, 1992, to provide
non-employee Directors of the Company (“Outside Directors”) with certain retirement and death payments. The purpose of the Plan is to advance the interests of the Company, its subsidiaries, and its stockholders by continuing to attract and
retain outstanding individuals as Outside Directors and to stimulate the efforts of such individuals by giving suitable recognition to services which will contribute materially to the success of the Company. 

It is the Company’s express intention that this Plan comply with the requirements of Code §409A, and the Plan shall be interpreted in that
light. 
 ARTICLE I 
 Eligibility, Participation and Contributions 
  

	1.1	Eligibility and Participation. 

 Each Outside Director begins to participate in the Plan as of the date his or her Service begins. 
  

	1.2	Contributions. 

 All
amounts payable under the Plan shall be paid from the general assets of the Company. Nothing contained in the Plan shall be deemed to create any fiduciary relationship between the Company and the participating Outside Director
(“Participant”). The rights of a Participant under the Plan are no greater than the rights of an unsecured general creditor of the Company. 
 ARTICLE II 
 Retirement Payments 

 

	2.1	Definitions. 

 The term
“Separation from Service” has the same meaning as the term “separation from service” in Code §409A(a)(2)(A)(i). A Separation from Service is determined using the default rules in the regulations and other guidance of general
applicability issued pursuant to Code §409A, including the special rules for a member of a board of directors found in Treasury Regulation §1.409A-1(h)(5) and §1.409A-1(c)(2)(ii). In general, a Separation from Service will occur when
a Participant ceases to be a member of the Company’s Board of Directors. 

  
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 The term “Specified Employee” has the same meaning as the term “specified
employee” in Code §409A(a)(2)(B)(i), and is determined using the default rules in the regulations and other guidance of general applicability issued pursuant to Code §409A. 

 

	2.2	Retirement Payments. 

(a) Eligibility for Benefits. A Participant who Retires with four or more Quarters of Service is entitled to receive benefits
under the Plan. 
 (b) Amount of Benefits. The amount of benefits under the Plan is equal to the value of a series of
quarterly payments, with each payment equal in amount to one-fourth of the Participant’s Annual Director’s Retainer, and with the number of quarterly payments equal to the number of the Participant’s Quarters of Service. As a
consequence, each Participant will generally receive an annual benefit of 100% of his or her Annual Director’s Retainer. 

(c) “Annual Director’s Retainer” means the aggregate annual amount of an Outside Director’s board retainer fee
payable pursuant to section 1 of the Company’s Non-Employee Directors’ Compensation Plan (or comparable section of any successor plan), whether or not all or a portion of such amount is deferred or delayed. Such amount will be determined
as of the earlier of the date a Participant ceases to be an Outside Director or the date the Participant dies. 
 (d)
“Quarter of Service” means the aggregate total full months of Service as an Outside Director divided by three and rounded up to the next whole number, up to a maximum of 40 Quarters of Service. 

(e) “Retirement, Retired or Retires” means a Participant’s ceasing to hold office as an Outside Director, for any
reason other than death. 
 (f) “Service” means the aggregate total, not to exceed 120, of
(i) the number of full months beginning on or after July 1, 1992 (whether or not consecutive) that a Participant held office as an Outside Director, whether or not a Participant at the time, and (ii)  1/2 the number of full months prior to July 1, 1992 (whether or not consecutive) that a Participant held office as an Outside Director; provided, however, that a Participant who, as of December 15,
1992, has held office as an Outside Director for an aggregate total of 15 years shall automatically be credited with 120 full months of Service. 
 (g) Episodic Participation. If a Participant has a Separation from Service and then becomes an Outside Director again, (i) the Participant’s benefits from his or her initial episode of
participation shall be paid according to the terms of the Plan on the date of his or her Separation from Service and shall not be affected by any subsequent Service, and (ii) the Participant’s benefits from his or her later episodes of
participation shall be calculated by ignoring his or her Service from earlier episodes of participation. In calculating the amount of benefits for the most recent episode of participation, the maximum Quarters of Service is 40, reduced by the number
of Quarters of Service for which he or she earned benefits under this Plan from earlier episodes of participation. 

  
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	2.3	Retirement Payments Following a Change of Control. 

 In the event of a “change of control” of the Company, as defined in the Company’s Income Continuance Plan (as amended or the corresponding provisions of any successor plan), each then
current Outside Director shall be eligible for the benefits described in section 2.2 even if the Outside Director has less than four Quarters of Service. If the change of control is a transaction described in §409A(a)(2)(A)(v) of the Internal
Revenue Code of 1986, as amended (“Code”), each Participant shall be paid a single lump-sum payment on the date of the change of control, or as soon as practicable thereafter, equal to the net present value of the benefit to which the
Participant is entitled, calculated in the manner described in section 2.5, as of the date of the change of control; however, if the Participant was a Specified Employee whose Separation from Service occurred less than six months before the change
of control, he or she shall be paid a single lump-sum payment six months after the Separation from Service, or as soon as practicable thereafter, equal to the net present value of the benefit to which the Participant is entitled, calculated in the
manner described in section 2.5, as of the date six months after the Separation from Service. If the change of control is not a transaction described in Code §409A(a)(2)(A)(v), each Participant shall be paid at the time(s) specified in section
2.4 or 2.5, whichever is applicable. 
  

	2.4	Quarterly Payments. 

 A
Participant may elect to be paid quarterly installments that are paid on the last day of each calendar quarter (or as near to that date as administratively practicable, except that any installment scheduled to be paid during one calendar year shall
be paid during such calendar year). See section 2.5 for the deadline for the Participant’s payout election. The first quarterly payment shall be made as of the last day of the calendar quarter after the date of the Participant’s Separates
from Service, unless the Participant is a Specified Employee, in which case the first two quarterly payments shall be delayed until, and paid with, the third regularly scheduled quarterly payment. 

 

	2.5	Lump-Sum Payments. 

 A
Participant shall receive a single lump-sum payment unless the Participant elects quarterly installments. Participants on December 31, 2008 have already made their payout election. A new Participant’s payout election must be made within 30
days after the individual becomes an Outside Director. Once the deadline for making a payout election has passed, the payout election is irrevocable. 
 The lump sum shall be paid as soon as administratively practicable after the Participant’s Separation from Service (and no later than the last day of the calendar year containing the day after the
Separation from Service), unless the Participant is a 

  
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Specified Employee, in which case the lump sum shall be paid as soon as administratively practicable after six months after the Participant’s Separation from Service (and no later than the
last day of the calendar year containing the date that is six months after the Separation from Service). The amount of the lump sum shall be calculated by the Committee as of the date of the Participant’s Separation from Service. The amount of
the lump sum shall be equal to the net present value of the quarterly payments to which the Participant would otherwise be entitled, determined using an annual interest rate equal to the rate on ten-year treasury bonds/notes as reported in The
Wall Street Journal published on or most recently prior to the date of the Participant’s Separation from Service. 
  

	2.6	Retirement before This Restatement. 

 A Participant who Retired before January 1, 2005, shall receive his or her benefit in accordance with the terms of the Plan in effect at the time of the Retirement. A Participant whose Separation
from Service occurred on or after January 1, 2005 shall receive his or her benefit in accordance with the terms of the Plan in effect at the time of the Separation from Service. 

ARTICLE III 

Death Payments 
  

	3.1	Death Benefits. 

 (a)
Eligibility for Death Benefits. If a Participant dies before receiving all of his or her benefits under Article II, the Participant’s Beneficiary, as determined in section 3.2, shall receive the remaining benefits. If a Participant
elected quarterly payments, the Participant’s Beneficiary shall be paid a lump sum equal to the net present value of any remaining payments, calculated as of the date of the Participant’s death, and calculated in the manner specified in
section 2.5. If a Participant is scheduled to receive a single lump-sum payment, but dies before doing so, the Participant’s Beneficiary shall be paid the lump sum. 
 (b) Timing. Payment to the Beneficiary shall be made as soon as administratively practicable four months after the Participant’s death, but in no event later than the end of the calendar year
that contains the day that is four months after the Participant’s death. This four-month period is designed to provide the Beneficiary with a sufficient opportunity to disclaim all or part of the benefit, as explained in section 3.2(e). No
payment shall be made until the Company has been furnished with proof of death and such other information as it may reasonably require. 
 (c) Beneficiary in Pay Status. The Beneficiary of a Participant shall receive his or her death benefits in accordance with the terms of the Plan in effect on the date of the Participant’s
death. 

  
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	3.2	Beneficiaries. 

(a) “Beneficiary” means the recipient of the Participant’s death benefits under section 3.1. 

(b) Designation. Each Participant shall designate one or more persons, trusts, or other entities as his or her Beneficiary. In the
absence of an effective Beneficiary designation as to part or all of a Participant’s death benefits, the Participant’s surviving Spouse, if any, shall be the Participant’s Beneficiary, and in the absence of a surviving Spouse, the
Participant’s estate shall be the Beneficiary. Unless the Participant’s Beneficiary designation form specifies otherwise, if a Beneficiary dies after the Participant but before being paid by the Plan, the Plan shall pay the
Beneficiary’s estate. 
 (c) Changing Beneficiaries. A Beneficiary designation may be changed by the Participant at
any time and without the consent of any previously designated Beneficiary. However, if the Participant is married, the Participant’s Spouse shall be the Participant’s Beneficiary unless the Spouse has consented to the designation of a
different Beneficiary. To be effective, the Spouse’s consent must have been made before January 1, 2005 or, if made on or after January 1, 2005, the Spouse’s consent must be in writing, witnessed by a notary public, and filed
with the Company. If the Participant has designated his or her Spouse as a primary or contingent Beneficiary, and the Participant and Spouse later divorce (or their marriage is annulled), then the former Spouse will be treated as having pre-deceased
the Participant for purposes of interpreting a Beneficiary designation form completed prior to the divorce or annulment; this provision will apply only if the Company is notified of the divorce or annulment before payment to the former Spouse is
made. 
 (d) “Spouse” shall mean the individual to whom a Participant is lawfully married according to the laws
of the state of the Participant’s domicile. 
 (e) Disclaimers. Any individual or legal entity who is a Beneficiary
may disclaim all or any portion of his or her interest in the Plan, provided that the disclaimer satisfies the requirements of Code §2518(b) and applicable state law. The legal guardian of a minor or legally incompetent person may disclaim for
such person. The personal representative (or the individual or legal entity acting in the capacity of the personal representative according to applicable state law) may disclaim on behalf of a Beneficiary who has died. The amount disclaimed shall be
distributed as if the disclaimant had predeceased the individual whose death caused the disclaimant to become a Beneficiary. 

  
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 ARTICLE IV 
 Administration, Amendment and Termination 
  

	4.1	The Management Development and Compensation Committee. 

 The Plan shall be administered by the Management Development and Compensation Committee (the “Committee”) of the Company’s Board of Directors. All administrative duties, including but not
limited to, the power to interpret the Plan and to decide any dispute, shall be carried out by the Committee, which shall have full discretion and authority hereunder. All claims under the Plan shall be filed with the Company and shall be decided by
the Committee. The decisions made by the Committee shall be final and binding on all persons having or claiming to have rights under the Plan. 
  

	4.2	Termination or Amendment of Plan. 

 The Plan may be terminated or amended at any time through action of the Company’s Board of Directors. No termination or amendment, however, shall reduce the payments (a) to a Participant or
Beneficiary where a Participant has already died or reached Retirement, (b) to which a Participant is or may become entitled, based on such Participant’s Service and Annual Director’s Retainer as determined on the effective date of
such termination or amendment, or (c) to which a Participant is or may become entitled pursuant to section 2.3 as a result of a change of control. The termination of the Plan shall not affect the timing of any benefit payments; payments after
the Plan has terminated will be made at the time(s) specified in Articles II and III. 
 ARTICLE V 

Miscellaneous 
  

	5.1	Inalienability of Payments. 

 No Participant shall have the right to assign, transfer, hypothecate, encumber or anticipate his or her interest in any payments under the Plan, nor shall the payments under the Plan be subject to any
legal process to levy upon or attach such payments for any claim against the Participant, Spouse, or Beneficiary. 
  

	5.2	Notices. 

 Any notice,
form, or election required or permitted to be given under the Plan shall be in writing and shall be given by first class mail, by Federal Express, UPS, or other carrier, by fax or other electronic means, or by personal delivery to the appropriate
party, addressed: 
 (a) If to the Company, to Apache Corporation at its principal place of business at 2000 Post Oak Boulevard,
Suite 100, Houston, Texas 77056-4400 (Attention: Corporate Secretary) or at such other address as may have been furnished in writing by the Company to a Participant; or 

  
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 (b) If to a Participant or Spouse, at the address the Participant has furnished to the
Company in writing. 
 (c) If to a Beneficiary, at the address the Participant has furnished to the Company in writing for such
Beneficiary, unless the Beneficiary has furnished his or her own address to the Company. 
 Any such notice to a Participant, Spouse, or
Beneficiary shall be deemed to have been given as of the third day after deposit in the United States Postal Service, postage prepaid, properly addressed as set forth above, in the case of a mailed notice, or as of the date delivered in the case of
any other method of delivery. 
  

	5.3	Disposition of Unclaimed Payments. 

 Any communication, statement or notice addressed to a Participant at his or her last post office address, as provided to the Company under section 5.2, will be binding on the Participant, Spouse, or
Beneficiary for all purposes of the Plan. If the Company cannot ascertain the whereabouts of any person to whom a payment is due under the Plan within three years from the date such payment is due, such payment shall be cancelled on the records of
the Plan and the amount thereof forfeited to the Company. 
  

	5.4	Administrative Delays. 

The Committee may delay any payment from this Plan for as short a period as is administratively necessary. For example, a delay may be
imposed upon all payments from the Plan when there is a change of recordkeeper, and a delay may be imposed on payments to any recipient until they have provided the information needed for tax withholding and tax reporting, as well as any other
information reasonably requested by the Committee. If possible, the delay will satisfy one of the conditions to be considered a permissible delay under Code §409A. 

 

	5.5	409A Noncompliance. 

 To
the extent that the Company takes any action that causes a violation of Code §409A or fails to take reasonable actions required to comply with Code §409A, the Company shall pay an additional amount (the “gross-up”) to the
individual(s) who are subject to the penalty tax under Code §409A(a)(1) that is sufficient to put the individual in the same after-tax position he or she would have been in had there been no violation of Code §409A. The Company shall not
pay a gross-up if the cause of the violation of Code §409A is the recipient’s failure to take reasonable actions (such as failing to timely provide the information required for tax withholding or failing to timely provide other information
reasonably requested by the Committee—with the result that the delay in payment violates Code §409A). Any gross-up will be made as soon as administratively 

  
 7 

 
convenient after the Committee determines the gross-up is owed, and no later than the end of the calendar year immediately following the calendar year in which the additional taxes are remitted.
However, if the gross-up is due to a tax audit or litigation addressing the existence or amount of a tax liability, the gross-up will be paid as soon as administratively convenient after the litigation or audit is completed, and no later than the
end of the calendar year following the calendar year in which the audit is completed or there is a final and non-appealable settlement or other resolution of the litigation. 

 

	5.6	Gender. 

 Any term herein
used in the singular shall also include the plural, and the masculine gender shall also include the feminine gender, and vice versa. 
  

	5.7	Statutory References. 

Any reference to a specific section of the Code shall be deemed to refer to that section or to the appropriate successor section.

  

	5.8	Governing Law. 

 The Plan
shall be governed by the laws of the State of Texas, ignoring any conflicts-of-law provisions. 
 Dated: February 6, 2013 

 

									
	ATTEST:	 		 	 APACHE CORPORATION

					
	By:    	 	 /s/ Cheri L. Peper
	 		 	By:    	 	 /s/ Margery M. Harris

		 	 Cheri L. Peper
 Corporate
Secretary
	 		 		 	 Margery M. Harris
 Executive
Vice President,
 Human Resources

  
 8

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