Term Retention and Deferral Agreement Sample Contracts

AMENDED AND RESTATED PLAINS EXPLORATION & PRODUCTION COMPANY LONG-TERM RETENTION AND DEFERRAL AGREEMENT
Term Retention and Deferral Agreement • February 27th, 2008 • Plains Exploration & Production Co • Crude petroleum & natural gas

THIS AGREEMENT (“Agreement”) is made by and between Plains Exploration & Production Company (the “Company”) and James C. Flores (“Executive”) effective, the 8th day of August, 2005 pursuant to the terms of the Plains Exploration & Production Company Executives’ Long-Term Retention and Deferred Compensation Plan (the “Plan”) and the Plains Exploration & Production Company 2004 Stock Incentive Plan as amended from time to time, or any successor plan (the “2004 Stock Plan”), which are incorporated herein by reference. Terms used but not defined herein have the meanings assigned to them in the Plan,

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