Exhibit 10.2
Location: | Denver |
Date: | November 5, 2014 |
Writer: | CEO |
Subject: | Special Incentive |
CONFIDENTIAL
Pat O'Bryan:
As a key member of Fidelity Exploration and Production Company (FEPC), your continued engagement and leadership in our efforts is critical to making FEPC a highly valued company. In recognition of your continued commitment to the success of the company, we have approved a special one-time incentive for you.
The specifics of this incentive are as follows:
1. We will award you a one time payment of $150,000, less ordinary payroll withholding taxes, if you satisfy the following two criteria:
A. Remain an active, full-time employee of FEPC through December 31,
2015** and
B. Maintain a performance rating of "Meets Expectations" or higher during
2015.
2. Assuming the foregoing criteria are met, we will issue payment the month of January, 2016**.
Hopefully you view this as our recognition of your contributions as well as our expectation that you continue to contribute to making FEPC a highly valued company.
Congratulations!
/s/ Kent Wells |
Kent Wells |
CEO |
cc: Christine Rutkowski
** - These dates could be changed if the company is sold in 2015.