SEC Contract Filing

Filing Date: 2016-03-18

Document Content:
<DOCUMENT>
<TYPE>EX-10.1
<SEQUENCE>2
<FILENAME>bbg-3172016xex991.htm
<DESCRIPTION>EXHIBIT 10.1
<TEXT>
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<a name="sFD45D575A56866C4E2778180D1EE33DA"></a><div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></div><br><div style="line-height:120%;text-align:left;text-indent:144px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;text-decoration:underline;">CONFIDENTIAL SEVERANCE AGREEMENT AND RELEASE</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 style="line-height:120%;text-align:left;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:left;text-indent:48px;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">This Confidential Severance Agreement and Release ("Agreement") is made between (i) Robert Howard ("Employee") and (ii) Bill Barrett Corporation, its predecessors, successors, parents, subsidiaries, assigns, and affiliates, and each of their respective officers, directors, shareholders, agents, and employees (the "Company"). Employee and the Company are referred to collectively as the "Parties."</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 style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;text-decoration:underline;">RECITALS</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 style="line-height:120%;text-align:left;text-indent:48px;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">WHEREAS, Employee has been employed by the Company as Chief Financial Officer.</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 style="line-height:120%;text-align:left;text-indent:48px;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">WHEREAS, the Parties wish to end that employment and all other relationships between them and resolve fully and finally all of their rights and responsibilities with respect to each other; and</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 style="line-height:120%;text-align:left;text-indent:48px;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">WHEREAS, in order to accomplish an amicable termination of the employment relationship and all other relationships between them, the Parties are willing to enter into this Agreement.</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 style="line-height:120%;text-align:left;text-indent:48px;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">NOW THEREFORE, in consideration of the mutual promises and undertakings contained herein, the Parties to this Agreement agree as follows:</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 style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;text-decoration:underline;">TERMS</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 style="line-height:120%;padding-left:48px;text-align:left;text-indent:48px;"><font style="text-align:left;font-family:inherit;font-size:10pt;padding-right:48px;">1.</font><font style="font-family:Arial;font-size:10pt;text-decoration:underline;">Effective Date</font><font style="font-family:Arial;font-size:10pt;">. This Agreement shall become effective on the eighth day after Employee's execution of this Agreement, provided that Employee executes this Agreement no later than May 9, 2016 and has not revoked Employee&#8217;s acceptance pursuant to paragraph 5(d) below (the &#8220;Effective Date&#8221;). </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 style="line-height:120%;padding-left:48px;text-align:left;text-indent:48px;"><font style="text-align:left;font-family:inherit;font-size:10pt;padding-right:48px;">2.</font><font style="font-family:Arial;font-size:10pt;text-decoration:underline;">Separation</font><font style="font-family:Arial;font-size:10pt;">. Employee was notified on February 22, 2016 (the &#8220;Notification Date&#8221;) that his employment with the Company will end on or about May 6, 2016 (the actual date of such separation being the &#8220;Separation Date&#8221;), and Employee shall be paid Employee&#8217;s current base salary and/or all other benefits to which Employee is currently entitled through the Separation Date. Employee understands that this payment constitutes full and final payment of Employee&#8217;s wages under applicable state wage laws. Employee&#8217;s employment with the Company will end on the Separation Date and, except as otherwise provided in this Agreeme