Amendment to Apache Corporation 401(k) Savings Plan (Effective May 1, 2014)
Apache Corporation has amended its 401(k) Savings Plan, effective May 1, 2014. The amendment updates the eligibility requirements so that employees can participate, receive company matching contributions, and earn discretionary contributions as soon as they become covered employees. It also updates certain references within the plan to reflect this change. The amendment was executed by Apache Corporation's Executive Vice President of Human Resources.
Exhibit 10.1
Apache Corporation 401(k) Savings Plan
Apache Corporation (“Apache”) sponsors 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 that right as follows:
| 1. | Replacing section 2.1 of the Plan with the following, effective May 1, 2014. |
| 2.1 | Participation – Required Service. |
An Employee shall be eligible to begin making Participant Contributions, receiving an allocation of Company Matching Contributions, and earning a Company Discretionary Contribution on the day the Employee first becomes a Covered Employee.
| 2. | Replacing the references to “subsection 2.1(a)” in subsection 1.14(e) and paragraph 3.2(c)(i) of the Plan with a reference to “section 2.1,” effective May 1, 2014. |
EXECUTED this 17 day of April, 2014.
| APACHE CORPORATION | ||
| By: | /s/ Margery M. Harris | |
| Margery M. Harris | ||
| Executive Vice President, Human Resources | ||
