SEC Contract Filing

Filing Date: 2018-02-16

Document Content:
<DOCUMENT>
<TYPE>EX-10.30
<SEQUENCE>33
<FILENAME>a1030-formofspectraenergyc.htm
<DESCRIPTION>EXHIBIT 10.30
<TEXT>
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<div><a name="s0F59E2B12430B32BAC231EBEF240757E"></a></div><div><div style="line-height:120%;text-align:left;text-indent:576px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font></div></div><div><br></div><div style="line-height:120%;text-align:right;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;font-weight:bold;">EXHIBIT 10.30</font></div><div style="line-height:120%;text-align:center;font-size:12pt;"><font style="font-family:Arial;font-size:12pt;font-weight:bold;">SPECTRA ENERGY CORP</font></div><div style="line-height:120%;text-align:center;font-size:12pt;"><font style="font-family:Arial;font-size:12pt;font-weight:bold;text-decoration:underline;">PHANTOM STOCK AWARD AGREEMENT</font></div><div style="line-height:120%;text-align:center;font-size:12pt;"><font style="font-family:Arial;font-size:12pt;"><br></font></div><div style="line-height:120%;text-align:justify;font-size:12pt;"><font style="font-family:Arial;font-size:12pt;"><br></font></div><div style="line-height:120%;text-align:justify;text-indent:48px;font-size:12pt;"><font style="font-family:Arial;font-size:12pt;">This </font><font style="font-family:Arial;font-size:12pt;font-weight:bold;">Phantom Stock</font><font style="font-family:Arial;font-size:12pt;">&#32;</font><font style="font-family:Arial;font-size:12pt;font-weight:bold;">Award Agreement</font><font style="font-family:Arial;font-size:12pt;">&#32;(the &#8220;Agreement&#8221;) has been made as of </font><font style="font-family:Arial;font-size:12pt;text-decoration:underline;">&#32;&#32;&#32;&#32;&#32;&#32;&#32;&#32;&#32;&#32;&#32;</font><font style="font-family:Arial;font-size:12pt;">&#32;</font><font style="font-family:Arial;font-size:12pt;text-decoration:underline;">&#32;&#32;&#32;&#32;&#32;</font><font style="font-family:Arial;font-size:12pt;">, </font><font style="font-family:Arial;font-size:12pt;text-decoration:underline;">&#32;&#32;&#32;&#32;&#32;&#32;&#32;&#32;</font><font style="font-family:Arial;font-size:12pt;">&#32;(the &#8220;Date of Grant&#8221;) between </font><font style="font-family:Arial;font-size:12pt;font-weight:bold;">Spectra Energy Corp</font><font style="font-family:Arial;font-size:12pt;">, a Delaware corporation, with its principal offices in Houston, Texas (the &#8220;Company&#8221;), and </font><font style="font-family:Arial;font-size:12pt;">&#32;</font><font style="font-family:Arial;font-size:12pt;text-decoration:underline;">________</font><font style="font-family:Arial;font-size:12pt;">&#32;(the &#8220;Grantee&#8221;).</font></div><div style="line-height:120%;text-align:justify;font-size:12pt;"><font style="font-family:Arial;font-size:12pt;"><br></font></div><div><a name="s56F7615BF3469D7D89F61EBEF26237E9"></a></div><div style="line-height:120%;padding-bottom:16px;text-align:center;font-size:12pt;"><font style="font-family:Arial;font-size:12pt;font-weight:bold;">RECITALS</font></div><div style="line-height:120%;text-align:justify;text-indent:48px;font-size:12pt;"><font style="font-family:Arial;font-size:12pt;">Under the amended and restated Spectra Energy Corp 2007 Long-Term Incentive Plan as it may, from time to time, be amended (the &#8220;Plan&#8221;), the Compensation Committee of the Board of Directors of the Company (the &#8220;Committee&#8221;), or its delegatee, has determined the form of this Agreement (which also includes </font><font style="font-family:Arial;font-size:12pt;text-decoration:underline;">Schedule A</font><font style="font-family:Arial;font-size:12pt;">&#32;hereto or </font><font style="font-family:Arial;font-size:12pt;text-decoration:underline;">Schedule B</font><font style="font-family:Arial;font-size:12pt;">&#32;hereto, as applicable to the Grantee) and selected the Grantee, as an Employee, to receive the award evidenced by this Agreement (the &#8220;Award&#8221;) and the Phantom Stock units and tandem Dividend Equivalents that are subject hereto. The basis for the Award is to provide an incentive for the Employee to remain with the Company and to improve Employee retention. Awards are not intended for Employees who have given notice of resignation or who have been given notice of termination by the Company or an employing Subsidiary, and will not accrue to Employees once such notices are given. For clarity, Awards do not accrue for Employees who have received notice, given notice or have been determined to be entitled to a notice period by a court, and no damages suffered by an Employee due to lack of sufficient notice will include compensation for loss of vesting rights or accrual of an Award, notwithstanding any statutory, contractual, or common law period of notice of termination, or compensation in lieu of such notice, to which an employee may be entitled. The applicable provisions of the Plan are incorporated in this Agreement by reference, including the definitions of terms contained in the Plan (unless such terms are otherwise defined herein).</font></div><div style="line-height:120%;text-align:justify;font-size:12pt;"><font style="font-family:Arial;font-size:12pt;"><br></font></div><div><a name="s236E5EFADBD66E5AE25B1EBEF29494ED"></a></div><div style="line-height:120%;text-align:center;font-size:12pt;"><font style="font-family:Arial;font-size:12pt;font-weight:bold;">AWARD</font></div><div style="line-height:120%;text-align:justify;font-size:12pt;"><font style="font-family:Arial;font-size:12pt;"><br></font></div><div style="line-height:120%;padding-bottom:8px;text-align:justify;text-indent:48px;font-size:12pt;"><font style="font-famil