SEC Contract Filing

Filing Date: 2017-03-03

Document Content:
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<TYPE>EX-10.15
<SEQUENCE>13
<FILENAME>d328862dex1015.htm
<DESCRIPTION>EX-10.15
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 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="right"><B>Exhibit 10.15 </B></P>
<P STYLE="margin-top:24pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>EMPLOYMENT AGREEMENT </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>February&nbsp;28, 2017 </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">This Employment Agreement (&#147;<U>Agreement</U>&#148;) is entered into by and between <B>LINN OPERATING, LLC</B>, a Delaware limited
liability company (the &#147;<U>Company</U>&#148;), and <B>THOMAS E. EMMONS </B>(the &#147;<U>Employee</U>&#148;), as of the date first set forth above (the &#147;<U>Effective Date</U>&#148;), on the terms set forth herein. <B>LINN ENERGY, INC.</B>,
a Delaware corporation, and the 100% parent of the Company (&#147;<U>Linn Energy</U>&#148;), is joining in this Agreement for the limited purposes of reflecting its agreement to the matters set forth herein as to it, but such joinder is not intended
to make Linn Energy the employer of the Employee for any purpose. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Accordingly, the parties, intending to be legally bound, agree as
follows: </P> <P STYLE="font-size:18pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
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<TD WIDTH="4%" VALIGN="top" ALIGN="left"><B>1.</B></TD>
<TD ALIGN="left" VALIGN="top"><B>Position and Duties. </B></TD></TR></TABLE> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">1.1&nbsp;&nbsp;&nbsp;&nbsp;<U>Employment; Titles; Reporting</U>.
The Company agrees to continue to employ the Employee and the Employee agrees to continue employment with the Company, upon the terms and subject to the conditions provided under this Agreement. During the Employment Term (as defined in
<U>Section</U><U></U><U>&nbsp;2</U>), the Employee will serve each of the Company and Linn Energy as the Senior Vice President, Corporate Services. In such capacity, the Employee will report to the Board of Directors of Linn Energy (including any
committee thereof, the &#147;<U>Board</U>&#148;) and otherwise will be subject to the direction and control of the Board, and the Employee will have such duties, responsibilities and authorities as may be assigned to the Employee by the Board from
time to time and otherwise consistent with such position in a publicly traded company comparable to Linn Energy which is engaged in natural gas and oil acquisition, development and production. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">1.2&nbsp;&nbsp;&nbsp;&nbsp;<U>Duties</U>. During the Employment Term, the Employee will devote substantially all of the Employee&#146;s full
working time to the business and affairs of the Company and Linn Energy, will use the Employee&#146;s best efforts to promote the Company&#146;s and Linn Energy&#146;s interests and will perform the Employee&#146;s duties and responsibilities
faithfully, diligently and to the best of the Employee&#146;s ability, consistent with sound business practices. The Employee may be required by the Board to provide services to, or otherwise serve as an officer or director of, any direct or
indirect subsidiary of the Company or to Linn Energy, as applicable. The Employee will comply with the Company&#146;s and Linn Energy&#146;s policies, codes and procedures, as they may be in effect from time to time, applicable to executive officers
of the Company and Linn Energy. Subject to the preceding sentence, the Employee may, with the prior approval of the Board in each instance, engage in other business and charitable activities, provided that such charitable and/or other business
activities do not violate <U>Section</U><U></U><U>&nbsp;7</U>, create a conflict of interest or the appearance of a conflict of interest with the Company or Linn Energy or materially interfere with the performance of the Employee&#146;s obligations
to the Company or Linn Energy under this Agreement. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">1.3 <U>Place of Employment</U>. The Employee will perform the Employee&#146;s duties
under this Agreement at the Company&#146;s offices in Houston, Texas, with the likelihood of substantial business travel. </P>

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<TD WIDTH="4%" VALIGN="top" ALIGN="left"><B>2.</B></TD>
<TD ALIGN="left" VALIGN="top"><B>Term of Employment. </B></TD></TR></TABLE> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">The term of the Employee&#146;s employment by the Company under
this Agreement (the &#147;<U>Employment Term</U>&#148;) commenced on the Effective Date and will continue until employment is terminated by either party under <U>Section</U><U></U><U>&nbsp;5</U>. The date on which the Employee&#146;s employment ends
is referred to in this Agreement as the &#147;<U>Termination Date</U>.&#148; For the purpose of <U>Sections 5</U> and <U>6</U> of this Agreement, the Termination Date shall be the date upon which the Employee incurs a &#147;separation from
service&#1