SEPARATION AGREEMENTSeparation Agreement • March 28th, 2019 • Alta Mesa Resources, Inc. /DE • Crude petroleum & natural gas • Texas
This SEPARATION AGREEMENT (“Agreement”) is made and entered into by and between Alta Mesa Services, LP, a Texas limited partnership (the “Company”), and Craig W. Collins (“Executive”). The Company and Executive may be individually referred to herein as the “Party” and collectively as the “Parties.” This Agreement is effective on March 26, 2019.
FORM 2019 INCENTIVE PROGRAM LETTER AGREEMENTLetter Agreement • March 28th, 2019 • Alta Mesa Resources, Inc. /DE • Crude petroleum & natural gas
Each portion of the retention bonus is earned only if you are employed by the Company (or its subsidiaries) on each of the dates set forth above. However, if you are terminated by the Company without Cause (as defined below), you will be paid the next installment of your bonus, subject to your executing and not revoking a General Release of Claims in such form as may be required by the Company in its sole discretion (the “Release”) within sixty days of your termination; in this event you will forfeit any future bonus installments. For example, if you are terminated without Cause after March 31, but prior to June 30 you would receive the June 30 payment, but would forfeit the remaining payments.
