SEC Contract Filing

Filing Date: 2021-02-17

Document Content:
<DOCUMENT>
<TYPE>EX-10.35
<SEQUENCE>8
<FILENAME>dvn-ex1035_513.htm
<DESCRIPTION>EX-10.35
<TEXT>
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<p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-family:Times New Roman;font-size:11pt;">&nbsp;</p>
<p style="text-align:right;margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-weight:bold;font-family:Times New Roman Bold;font-size:12pt;font-style:normal;text-transform:none;font-variant: normal;">Exhibit 10.35</p>
<p style="text-align:center;margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-family:Times New Roman;font-weight:bold;;">&nbsp;</p>
<p style="text-align:center;margin-bottom:12pt;margin-top:0pt;text-indent:0%;font-weight:bold;font-family:Times New Roman Bold;text-transform:uppercase;font-size:12pt;font-style:normal;font-variant: normal;">Amendment 2020-1<br />to the<br />Devon Energy Corporation<br />Supplemental executive retirement Plan</p>
<p style="text-align:justify;margin-bottom:12pt;margin-top:0pt;text-indent:7.69%;font-size:12pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">The Devon Energy Corporation Supplemental Executive Retirement Plan (the "<font style="text-decoration:underline;">Plan</font>") is amended, effective as of December 31, 2020, as follows: </p>
<p style="text-align:left;margin-bottom:12pt;margin-top:0pt;text-indent:7.69%;font-weight:normal;font-style:normal;color:#auto;font-size:12pt;font-family:Times New Roman;text-transform:none;font-variant: normal;letter-spacing:0pt;"><font style="Background-color:#auto;text-decoration:none;">1.</font><font style="margin-left:36pt;color:#000000;"></font><font style="color:#000000;">Effective December 31, 2020, Article I of the Plan is amended to add the following as a new Section 1.4 to the end thereof:</font></p>
<p style="margin-bottom:12pt;margin-top:0pt;margin-left:7.69%;text-indent:7.69%;font-size:12pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">"1.4<font style="margin-left:36pt;"></font><font style="text-decoration:underline;">Plan Frozen as of December 31, 2020</font>.&nbsp;&nbsp;Effective December 31, 2020 (the "<font style="text-decoration:underline;">Freeze Date</font>"), and notwithstanding anything in the Plan to the contrary, the Plan shall be fully and completely frozen. Accordingly, no further Contributions or Contribution Amounts of any kind shall be made to the Plan on behalf of any Participant attributable to any period after the Freeze Date, and no employee of the Company shall become a Participant in the Plan after the Freeze Date."</p>
<p style="text-align:left;margin-bottom:0pt;margin-top:0pt;text-indent:7.69%;font-weight:normal;font-style:normal;color:#auto;font-size:12pt;font-family:Times New Roman;text-transform:none;font-variant: normal;letter-spacing:0pt;"><font style="Background-color:#auto;text-decoration:none;">2.</font><font style="margin-left:36pt;color:#000000;"></font><font style="color:#000000;">Effective December 31, 2020, Section 2.1(e) of the Plan ("</font><font style="text-decoration:underline;color:#000000;">Bonus</font><font style="color:#000000;">") is hereby amended to add the following as a new sentence to the end thereof: </font></p>
<p style="margin-bottom:0pt;margin-top:0pt;margin-left:7.69%;text-indent:0%;font-family:Times New Roman;font-size:11pt;">&nbsp;</p>
<p style="margin-bottom:0pt;margin-top:0pt;margin-left:7.69%;text-indent:0%;font-size:12pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">"Notwithstanding the foregoing or any other provision in the Plan to the contrary, no Bonus will be taken into account under the Plan on behalf of any Participant attributable to any Plan Year beginning after the Freeze Date."</p>
<p style="margin-bottom:0pt;margin-top:0pt;margin-left:7.69%;text-indent:0%;font-family:Times New Roman;font-size:11pt;">&nbsp;</p>
<p style="text-align:left;margin-bottom:0pt;margin-top:0pt;text-indent:7.69%;font-weight:normal;font-style:normal;color:#auto;font-size:12pt;font-family:Times New Roman;text-transform:none;font-variant: normal;letter-spacing:0pt;"><font style="Background-color:#auto;text-decoration:none;">3.</font><font style="margin-left:36pt;color:#000000;"></font><font style="color:#000000;">Effective December 31, 2020, Section 2.1(k) of the Plan ("</font><font style="text-decoration:underline;color:#000000;">Compensation</font><font style="color:#000000;">") is hereby amended to add the following as a new sentence to the end thereof: </font></p>
<p style="margin-bottom:0pt;margin-top:0pt;margin-left:7.69%;text-indent:0%;font-family:Times New Roman;font-size:11pt;">&nbsp;</p>
<p style="margin-bottom:0pt;margin-top:0pt;margin-left:7.69%;text-indent:0%;font-size:12pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">"Notwithstanding the foregoing or any other provision in the Plan to the contrary, no Compensation will be taken into account under the Plan on behalf of any Participant attributable to any Plan Year beginning after the Freeze Date."</p>
<p style="margin-bottom:0pt;margin-top:0pt;margin-left:7.69%;text-indent:0%;font-family:Times New Roman;font-size:11pt;">&nbsp;</p>
<p style="text-align:left;margin-bottom:0pt;margin-top:0pt;text-indent:7.69%;font-weight:normal;font-style:normal;color:#auto;font-size:12pt;font-family:Times New Roman;text-transform:none;font-variant: normal;letter-spacing:0pt;"><font style="Background-color:#auto;text-decoration:none;">4.</font><font style="margin-left:36pt;color:#000000;"></font><font style="color:#000000;">Effective December 31, 2020, Section 2.1(l) of the Plan ("</font><font style="text-decoration:underline;color:#000000;">Contribution A