Apache 10-Q2011 Q1 Quarterly report

Filed: 9 May 11, 12:00am

Content analysis

Positive
Negative
Uncertain
Constraining
Legalese
Litigous
Readability	8th grade Avg

New words: ActivitiesOperating, Alcoa, Alpha, captionedAlcoa, care, certified, Charlie, Cherokee, Civ, Complemented, conservative, contention, curtailed, Deadwood, deeper, diligently, divided, drawn, drillbit, dual, Encana, EOG, facilitate, freight, Frigid, Gorgon, Granite, Halyard, Heavy, HLS, Hogshooter, horizontal, identification, Instance, Label, languish, legacy, Linkbase, LLS, logged, mechanical, MEI, model, monthly, MWCC, Noncompliance, nonsuit, outspend, pace, Paleozoic, penalty, platform, PNG, pool, predecessor, prejudice, pressure, PTP, quality, ramp, reassessed, Reindeer, satellite, Schema, seasonal, segment, served, Siwa, structure, supplementary, Sweet, Tap, taxesThe, Taxonomy, Tayim, tempered, temporary, tied, tropical, unexpected, uninterrupted, unrest, variation, Vice, Wash, westernmost

Removed: abetted, absence, accuracy, achieve, add, adjustment, administering, adversely, affecting, aided, allege, andSoutheastern, Antitrust, apparent, approval, approve, approving, arithmetic, Assuming, attract, backstop, Bahariya, banking, base, blowout, breached, breaching, Canyon, chemical, Chilean, classified, closing, coal, Columbia, complaint, compression, computing, consecutive, consummated, consummation, contemporaneously, conventional, counsel, created, customary, decision, declined, defend, del, delayed, delivery, depart, derived, designed, desire, developed, differential, difficulty, discounted, dislocation, dismantlement, distract, diversion, dividend, downgrade, drove, Earningsfor, east, el, electric, encompassing, entitled, entitledCity, entity, EPS, equal, established, estimation, event, exceeded, exclude, existence, expiration, extension, extent, factor, Faghur, failed, Fairfield, fee, fiduciary, fire, fixing, flat, formation, forward, foundation, frequency, Fuego, global, goal, grant, greater, greenhouse, guarantee, highest, Horizon, HSR, iii, impair, increasing, incur, individually, initially, initiate, installment, intensity, inventory, issuance, iv, Josey, Khalda, larger, largest, leading, licensing, life, listing, Livonia, location, lowest, magnitude, materiality, Matruh, maximize, measure, merged, met, meteorological, metric, minimal, Mississippi, Mixed, MMboe, motivate, negative, negligible, negotiate, negotiating, nonrecurring, northeast, obtain, operator, par, participating, payout, pendency, pending, Pennsylvania, PEPL, percentage, permit, personnel, phase, plank, potential, preventing, priced, pricing, priority, produce, producing, productive, prohibiting, proposal, proration, prospective, protect, published, PVG, Qasr, rating, realizing, reclamation, recommend, recompletion, recover, redeemed, redetermined, refined, registration, reimburse, reimbursement, remeasure, removal, reorganization, repaid, repair, replace, requirement, reserved, retain, retention, RevenuesNatural, rig, roger, rounded, Royalty, sank, satisfaction, Scott, seek, seeking, senior, servicing, short, side, site, situated, solicit, south, Southeastern, specific, spill, stand, stated, stronger, substantial, supplemental, surviving, swap, taxable, TaxesDuring, termination, threshold, throughput, Tierra, timing, Trade, treated, unadjusted, uncertainty, unconventional, undeveloped, unescalated, unobservable, unrealized, unspecified, unvested, unweighted, upward, valuation, vested, vesting, vi, vii, waiting, warming, weaker, wholly, world, York, ZMZ

Search this filing

Filing tables

Export all tables to Excel

Filing exhibits

Related press release

Apache similar filings

Filing view

Default size S M L
Default font Times Arial

External links

Share this filing

Exhibit 10.6

Apache Corporation
Non-Employee Directors’ Restricted Stock Units Program Specifications
As Amended and Restated May 5, 2011


Share Plan:		2011 Omnibus Equity Compensation Plan (the “Omnibus Plan”), the terms of which are incorporated herein by reference.

Administration:		This Program will be administered by the Stock Option Plan Committee of the Company’s Board of Directors.

Eligible Participants:		Members of the Company’s Board of Directors who are neither officers nor employees of the Company.

Objective:		The program is designed to be administered in conjunction with the provisions of the current Non-Employee Directors’ Compensation Plan as a means to recognize the non-employee directors for services rendered through the awarding of equity compensation.

Grant Date:		August 15, 2011, and annually thereafter

Grant*:		Restricted Stock Units (“RSUs”) the number of which is calculated by dividing $200,000 by the Fair Market Value (as defined in the Omnibus Plan) of a share of Apache Common Stock on the date of grant. If the calculated number of RSUs includes a fraction, the number shall be rounded down to the nearest whole number.

Program Term:		Until termination of the Omnibus Plan

Vesting:		50% — 30 days after grant
		50% — 12 months after grant

Payment:		Payment upon vesting shall be made, at the election of the director, either (i) 100 percent in shares of Apache Common Stock or (ii) 40 percent in cash and 60 percent in shares of Apache Common Stock. Election must be made at time of grant and will be applicable to both vestings.

Dividend Equivalents		On the unvested portion of the grant, the director receives amount equal to dividends on Apache Common Stock. Dividend equivalents are paid in cash (by check).

Other Events:		Accelerated vesting upon death or termination without cause, including retirement.


*		These grants do not result in any change to the cash retainers for board and committee service paid under the provisions of the Non-Employee Directors’ Compensation Plan.