SEC Contract Filing

Filing Date: 2017-03-10

Document Content:
<DOCUMENT>
<TYPE>EX-10.29
<SEQUENCE>2
<FILENAME>exhibit1029-performanceawa.htm
<DESCRIPTION>EXHIBIT 10.29
<TEXT>
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<div><a name="s08F030C7C2137E8DD76D709DDE1D5522"></a></div><div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></div><div><br></div><div style="line-height:120%;padding-bottom:16px;text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Exhibit 10.29</font></div><div style="line-height:120%;padding-bottom:16px;text-align:left;font-size:12pt;"><font style="font-family:Arial;font-size:12pt;font-weight:bold;">EXTERRAN CORPORATION</font></div><div style="line-height:120%;padding-bottom:16px;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;font-weight:bold;">AWARD NOTICE AND AGREEMENT <br>PERFORMANCE UNITS</font></div><div style="line-height:120%;text-align:justify;text-indent:48px;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">Exterran Corporation (the &#8220;</font><font style="font-family:Arial;font-size:10pt;font-style:italic;font-weight:bold;">Company</font><font style="font-family:Arial;font-size:10pt;">&#8221;), has granted to you (the &#8220;</font><font style="font-family:Arial;font-size:10pt;font-style:italic;font-weight:bold;">Participant</font><font style="font-family:Arial;font-size:10pt;">&#8221;) a Performance Award (your &#8220;</font><font style="font-family:Arial;font-size:10pt;font-style:italic;font-weight:bold;">Award</font><font style="font-family:Arial;font-size:10pt;">&#8221;) under the Exterran Corporation 2015 Stock Incentive Plan (as may be amended from time to time, the &#8220;</font><font style="font-family:Arial;font-size:10pt;font-style:italic;font-weight:bold;">Plan</font><font style="font-family:Arial;font-size:10pt;">&#8221;). Each Performance Unit (as defined below) is granted in tandem with a corresponding Dividend Equivalent, which shall entitle you to payments in accordance with Section 2 below. All capitalized terms not explicitly defined in this Award Notice and Agreement (the &#8220;</font><font style="font-family:Arial;font-size:10pt;font-style:italic;font-weight:bold;">Award Notice</font><font style="font-family:Arial;font-size:10pt;">&#8221;) but defined in the Plan shall have the respective meanings ascribed to them in the Plan. </font></div><div style="line-height:120%;text-align:justify;text-indent:48px;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:justify;text-indent:48px;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">The main terms of your Award are as follows:</font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br></font></div><div style="line-height:120%;padding-left:0px;text-align:justify;text-indent:48px;"><font style="text-align:justify;font-family:Arial;font-size:10pt;font-style:italic;font-weight:bold;padding-right:48px;">1.</font><font style="font-family:Arial;font-size:10pt;font-style:italic;font-weight:bold;">Award. </font><font style="font-family:Arial;font-size:10pt;">You have been granted a number of performance units, the payout of which is based on the attainment of certain performance objectives (the &#8220;</font><font style="font-family:Arial;font-size:10pt;font-style:italic;font-weight:bold;">Performance Units</font><font style="font-family:Arial;font-size:10pt;">&#8221;), as described herein. Each Performance Unit is granted in tandem with a corresponding Dividend Equivalent. The Award is stated at target; however, the actual number of Performance Units (or the cash equivalent thereof) that becomes earned and payable hereunder may be greater or less than the target number.</font></div><div style="line-height:120%;text-align:justify;padding-left:24px;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br></font></div><div style="line-height:120%;padding-left:0px;text-align:justify;text-indent:48px;"><font style="text-align:justify;font-family:Arial;font-size:10pt;font-style:italic;font-weight:bold;padding-right:48px;">2.</font><font style="font-family:Arial;font-size:10pt;font-style:italic;font-weight:bold;">Dividend Equivalents</font><font style="font-family:Arial;font-size:10pt;">. Each Performance Unit granted hereunder is hereby granted in tandem with a corresponding Dividend Equivalent, which Dividend Equivalent shall remain outstanding from the Grant Date until the earlier of the payment or forfeiture of the Performance Unit to which it corresponds (the &#8220;Dividend Equivalent Period&#8221;). Each Dividend Equivalent shall entitle you to receive payments, subject to and in accordance with this Award Notice, in an amount equal to each dividend (including any extraordinary or other non-recurring dividend), in each case, that (a) is made by the Company in respect of the share of Common Stock underlying the Earned Unit (as defined below) to which such Dividend Equivalent relates, and (b) has an applicable Dividend Date (as defined below) occurring during the Dividend Equivalent Period. Such amounts (if any) shall be payable no later than thirty (30) days following the date on which such dividends are paid generally to the Company&#8217;s stockholders; provided, that any Dividend Equivalent payments that would have been made prior to the date on which the Earned Unit becomes vested shall be paid in a single lump sum no later than sixty (60) days following