EXHIBIT 10.18
Amendment
To
Apache Corporation 401(k) Savings Plan
Apache Corporation ("Apache") maintains the Apache Corporation 401(k)
Savings Plan (the "Plan"). In section 10.4 of the Plan, Apache reserved the
right to amend the Plan from time to time. Apache hereby exercises such right as
follows, by replacing the last part of Appendix C, beginning with the paragraph
labelled "Acquisitions," with the following, effective as of January 1, 2003.
ACQUISITIONS
A Period of Service for vesting purposes for a New Employee (listed below) shall
be determined by treating all periods of employment with the Former Employer
Controlled Group as periods of employment with Apache. The "Former Employer
Controlled Group" means the Former Employer (listed below), its predecessor
company/ies, and any business while such business was treated as a single
employer with the Former Employer or predecessor company pursuant to Code
section 414(b), 414(c), 414(m), or 414(o).
Any special provisions that apply to a New Employee shall also be listed in the
chart below.
The following individuals are "New Employees" and the following companies are
"Former Employers":
<Table>
<Caption>
Former Employer New Employees
--------------- -------------
Hadson Energy Resources Corporation All individuals employed by HERC or HEL on
("HERC") and Hadson Energy November 12, 1993.
Limited ("HEL")
Crystal Oil Company ("Crystal") All individuals hired from Crystal or related
companies within a week of the closing date on
an asset purchase that was originally scheduled
to close on December 31, 1994.
Texaco Exploration & Production, Inc. All individuals hired from TEPI or Inc.
("TEPI") related companies in late February
and early March 1995 in connection with an
acquisition of assets from TEPI.
The Phoenix Resource Companies, All individuals hired by Apache in 1996 who were
Inc. ("Phoenix") Phoenix employees on May 20, 1996.
Crescendo Resources, L.P. All individuals hired from April 30, 2000
("Crescendo") through June 1, 2000 from Crescendo and
related companies in
connection with an April
30, 2000 asset acquisition
from Crescendo.
</Table>
Page 1 of 2
<Table>
<Caption>
Former Employer New Employees
--------------- -------------
Collins & Ware ("C&W") and All individuals hired from C&W and Longhorn
Longhorn Disposal, Inc. ("Longhorn") and related companies in connection with
a May 23, 2000 asset acquisition from C&W and
Longhorn.
Occidental Petroleum Corporation All individuals hired from Oxy and related
("Oxy") companies in connection with an August 2000
asset acquisition from an Oxy subsidiary.
Private company ("Private") All individuals hired in January 2003
from Private and related companies in connection
with an acquisition of certain property in
Louisiana effective as of December 1, 2002.
Each such individual shall be eligible to make
Participant Before-Tax Contributions as of the
day he becomes a Covered Employee.
</Table>
EXECUTED this 27th day of January 2003.
APACHE CORPORATION
By: /s/ Jeffrey M. Bender
----------------------------------
Name: Jeffrey M. Bender
Title: Vice President, Human Resources