Amendment 2014-1 to Devon Energy Corporation Supplemental Contribution Plan
This amendment, effective December 3, 2013, modifies the Devon Energy Corporation Supplemental Contribution Plan. It ensures that employees whose employment is transferred to EnLink Midstream Operating, LP as part of a merger will become fully vested in any unvested company contributions and credited earnings as of the transfer date, which is March 7, 2014, or a later date if the merger closing is delayed. The amendment clarifies the rights of transferring employees regarding their plan benefits.
Exhibit 10.8
AMENDMENT 2014-1
TO THE
DEVON ENERGY CORPORATION
SUPPLEMENTAL CONTRIBUTION PLAN
The Devon Energy Corporation Supplemental Contribution Plan (the Plan) is amended, effective December 3, 2013, as follows:
1. Section 6.4 of the Plan is amended to add the following sentences to the end of the Section to read as follows:
For the avoidance of doubt, a Participant who is a Transferring Employee (as defined below) shall become fully vested in any unvested Company Contributions and Credited Earnings thereon effective as of the Transfer Date (as defined below). For purposes of this Plan (i) a Transferring Employee shall mean a Participant whose employment with the Company or any subsidiary is transferred to EnLink Midstream Operating, LP as of the Transfer Date, and (ii) the Transfer Date shall mean March 7, 2014, or such later date as of the occurrence of the Closing of the Mergers as defined under the Agreement and Plan of Merger by and among Devon Energy Corporation, Devon Gas Services, L.P., Acacia Natural Gas Corp I, Inc., Crosstex Energy, Inc., New Public Rangers, L.L.C., Boomer Merger Sub, Inc. and Rangers Merger Sub, Inc., dated October 21, 2013.
IN WITNESS WHEREOF, Devon Energy Corporation (acting through its authorized delegate) has caused this Amendment 2014-1 to the Plan to be executed this 7th day of March 2014.
DEVON ENERGY CORPORATION | ||
By: | /s/ Frank W. Rudolph | |
Name: | Frank W. Rudolph | |
Title: | Executive Vice President, Human Resources |