Form of amended Exhibit B to Amended and Restated Performance-Based Restricted Stock Unit Agreement between WPX Energy, Inc. and Executive Officers
EX-10.39 4 exhibit103906302019.htm FORM OF AMENDED EXHIBIT B TO PERFORMANCE-BASED RESTRICTED STOCK UNIT AGREEMENT Document
DETERMINATION OF TSR RANKING
As of the Effective Date, the Committee has established a peer group of companies for the purpose of determining the Company’s relative TSR ranking for the Performance Period or the CIC period.
The table below reflects the Shares, expressed as a percentage of the Target Number of Shares, that may be payable to the Participant based upon the Company’s TSR ranking within the peer group for the Performance Period. Notwithstanding any provision in this Appendix B or in the Agreement to the contrary, other than Subparagraph 5(d), the Committee has the sole and absolute discretion to reduce the number of Shares payable to the Participant to zero (0) pursuant to Subparagraph 4(d) of the Agreement.
|Company TSR Ranking Within the Peer Group||Percentage of the Target Number of Shares|
Target Peer Group Ranking 7th