SEC Contract Filing

Filing Date: 2019-10-02

Document Content:
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<TYPE>EX-10.2
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<FILENAME>tv530458_ex10-2.htm
<DESCRIPTION>EXHIBIT 10.2
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<P STYLE="margin: 0; text-align: right"><B>Exhibit 10.2</B></P>

<P STYLE="margin: 0">&nbsp;</P>

<P STYLE="margin: 0"><IMG SRC="tv530458_ex10-2img001.jpg" ALT="">&nbsp;</P>

<P STYLE="margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">September 12, 2019</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">David L. Porges</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Dear Dave,</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Thank you for providing the documentation on your current stock
holdings in support of the Executive Alternative Work Arrangement Employment Agreement (the &ldquo;EAWA&rdquo;) between you and
EQT Corporation (&ldquo;EQT&rdquo; or the &ldquo;Company&rdquo;).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>Termination of EAWA Term</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">EQT is providing formal notice of EQT&rsquo;s termination of
the EAWA effective as of November 12, 2019 (which date represents the end of the current one-year term). Since you were previously
paid in December 2018 for the minimum 100 hours of service contemplated by the EAWA for the current annual term, no additional
service payment will be made by the Company.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Because the EAWA is being terminated, you will no longer receive
service credit under the Medical Spending Account. You will receive a letter from the EQT Benefit Solutions Center detailing the
amount of your Medical Spending Account as well as other information needed to access the account. In addition, following the termination
of your EAWA, you will have full access to your 401(k) account at Fidelity.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>EAWA Buyout Offer</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">For our mutual benefit, and except as otherwise set forth herein,
EQT would like to terminate any remaining right you may have to expense reimbursements and other benefits pursuant to the EAWA
in exchange for a lump sum cash payment in the amount of <B>$166,988 </B>(the &ldquo;Buyout Amount&rdquo;). The Buyout Amount,
net of any required withholding taxes, will be paid to you through EQT payroll promptly (but in any event within forty-five (45)
days) following your acceptance of this offer. In addition, by accepting the Buyout Amount, you and EQT agree that the effective
date of the termination of your EAWA shall be the date upon which the Company&rsquo;s Chief Human Resources Officer acknowledges
your acceptance by executing this letter agreement below on behalf of the Company (such date, the &ldquo;Effective Date&rdquo;)
and, effective as of the Effective Date (i) you will be released from the stock ownership requirements in the EAWA and (ii) the
final non-competition and non-solicitation periods under Section 15 of the EAWA will commence.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">If you accept the Buyout Amount, your eligibility to continue
to participate in EQT&rsquo;s medical, dental and vision programs as provided under Section 4 of the EAWA will continue in accordance
with the terms of, and for the period specified in, Section 4 of the EAWA subject to your continued payment of 102% of the then-applicable
full active employee premium rates (both the employee portion and the employer portion) as required under Section 4. This benefit
will be continued through your current arrangement with Benefit Concepts/Wage Works and you will receive new coupons from Benefit
Concepts/Wage Works with the new payment amount before November 13, 2019.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>EQT Corporation &#9474;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>EQT Plaza&#9474; 625 Liberty Avenue &#9474; Suite 1700</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>Pittsburgh, PA 15222 &#9474;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>T 412.553.5700 &#9474;F 412.553.5732 &#9474; www.eqt.com</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">If you would like to accept the Buyout Amount, please sign this
letter agreement below and return it to me within thirty (30) days following the dat