Common use of Certain Additional Requirements Clause in Contracts

Certain Additional Requirements. In connection with the closing of the merger (the “Merger”) under the Agreement and Plan of Merger, dated as of September 26, 2020 (the “Merger Agreement”), by and among the Company, [Merger Sub] and WPX Energy, Inc. (“WPX”), which the Board has deemed advisable and in the best interest of the Company and its stockholders, the Board has agreed to adopt certain requirements of the Board and management which are set forth in this Exhibit 3 and are to be effective from the effective time of the Merger on [●] (the “Effective Date”) and for two years thereafter (the “Governance Period”), unless otherwise altered in accordance with these Guidelines.

Appears in 2 contracts

Sources: Merger Agreement (WPX Energy, Inc.), Merger Agreement (Devon Energy Corp/De)