SEC Contract Filing

Filing Date: 2022-03-10

Document Content:
<DOCUMENT>
<TYPE>EX-10.5
<SEQUENCE>4
<FILENAME>crescentcrgy-managerincent.htm
<DESCRIPTION>EX-10.5
<TEXT>
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<title>Document</title></head><body><div id="i0ae4e888a11a46b1bfa01199ccc73041_1"></div><div style="min-height:72pt;width:100%"><div style="text-align:center"><font><br></font></div></div><div style="margin-top:12pt;padding-left:28.8pt;padding-right:28.8pt;text-align:center"><font><br></font></div><div style="margin-top:12pt;padding-left:28.8pt;padding-right:28.8pt;text-align:center"><font><br></font></div><div style="margin-top:12pt;padding-left:28.8pt;padding-right:28.8pt;text-align:center"><font><br></font></div><div style="margin-top:12pt;padding-left:28.8pt;padding-right:28.8pt;text-align:center"><font><br></font></div><div style="margin-top:12pt;padding-left:28.8pt;padding-right:28.8pt;text-align:center"><font><br></font></div><div style="margin-top:12pt;padding-left:28.8pt;padding-right:28.8pt;text-align:center"><font><br></font></div><div style="margin-top:12pt;padding-left:28.8pt;padding-right:28.8pt;text-align:center"><font><br></font></div><div style="margin-top:12pt;padding-left:28.8pt;padding-right:28.8pt;text-align:center"><font><br></font></div><div style="margin-top:12pt;padding-left:28.8pt;padding-right:28.8pt;text-align:center"><font><br></font></div><div style="padding-left:28.8pt;padding-right:28.8pt;text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:700;line-height:100%">CRESCENT ENERGY COMPANY</font></div><div style="padding-left:28.8pt;padding-right:28.8pt;text-align:center"><font><br></font></div><div style="padding-left:28.8pt;padding-right:28.8pt;text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:700;line-height:100%">2021 MANAGER INCENTIVE PLAN</font></div><div style="padding-left:28.8pt;padding-right:28.8pt;text-align:center"><font><br></font></div><div style="padding-left:28.8pt;padding-right:28.8pt;text-align:center"><font><br></font></div><div style="padding-left:28.8pt;padding-right:28.8pt;text-align:center"><font><br></font></div><div style="padding-left:28.8pt;padding-right:28.8pt;text-align:center"><font><br></font></div><div style="padding-left:28.8pt;padding-right:28.8pt;text-align:center"><font><br></font></div><div style="padding-left:28.8pt;padding-right:28.8pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:100%">&#160;&#160;&#160;&#160;</font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:100%">&#160;&#160;&#160;&#160;</font></div><div style="text-align:justify"><font><br></font></div><div style="height:72pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:justify"><font><br></font></div></div></div><div id="i0ae4e888a11a46b1bfa01199ccc73041_4"></div><hr style="page-break-after:always"><div style="min-height:72pt;width:100%"><div style="text-align:center"><font><br></font></div><div style="text-align:justify"><font><br></font></div></div><div style="padding-right:-18pt;text-align:center;text-indent:18pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:700;line-height:110%">ARTICLE I</font></div><div style="text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:700;line-height:110%">DEFINITIONS</font></div><div style="text-align:center"><font><br></font></div><div style="margin-bottom:12pt;text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:110%">As used herein, the following terms shall have the meanings set forth below&#58;</font></div><div style="margin-bottom:12pt;padding-left:36pt;text-indent:-36pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:110%">1.01.</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:700;line-height:110%;padding-left:12pt;text-decoration:underline">Affiliate</font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:110%">&#160;&#160;&#160;&#160;&#8220;</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:110%;text-decoration:underline">Affiliate</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:110%">&#8221; means, with respect to any entity, any other entity, whether now or hereafter existing, which controls, is controlled by, or is under common control with, the first entity (including, but not limited to, joint ventures, limited liability companies and partnerships). For this purpose, the term &#8220;control&#8221; (including the correlative meanings of the terms &#8220;controlled by&#8221; and &#8220;under common control with&#8221;) shall mean ownership, directly or indirectly, of fifty percent (50%) or more of the total combined voting power of all classes of voting securities issued by such entity, or the possession, directly or indirectly, of the power to direct the management and policies of such entity, by contract or otherwise. Notwithstanding the foregoing, (a) the Manager shall be deemed an Aff