Previous Target
EX-10.3 4 a11-11432_1ex10d3.htm EX-10.3
Exhibit 10.3
Eagle Rock Energy G&P, LLC 2011 Short Term Incentive Bonus Plan
Amendments to 2011 Enterprise Goals
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|
| Previous Target |
| New Target | ||
| 1. Adjusted EBITDA |
| $[*****] |
| $[*****] | ||
| 2. DCF |
| $[*****]/unit |
| $[*****]/unit | ||
| 3. Volumes Targets |
|
|
|
| ||
|
| . . . |
|
|
|
| |
|
| b. Upstream |
| 11.8 BCFE |
| 25.0 BCFE | |
| 4. OPEX (Excludes ad valorem and servance tax) / G&A |
|
|
|
| ||
|
| . . . |
|
|
|
| |
|
| b. Upstream |
| $23.0 MM |
| $28.3 MM | |
|
|
| i. $/MCFE target |
| $[*****] |
| $[*****] |
|
| c. G&A (excluding LTIPs) not to exceed |
| $40.0 MM |
| $49.0 MM | |
| . . . |
|
|
|
| ||
[*****] indicates redacted terms for which confidential treatment has been requested from the Securities and Exchange Commission.
