Common use of Adjustments to Performance Measures Clause in Contracts

Adjustments to Performance Measures. The Committee may adjust the Performance Measures as it deems necessary to account for the following events: production gains and losses based on the purchase or sale of assets; extreme price volatility; impairment of assets and/or counterparty failures beyond management control; natural disasters; legislative actions taken which negatively affect operations or results; changes in accounting or tax rules which significantly affect outcomes; and any extraordinary, unusual or non-recurring items.

Appears in 8 contracts

Samples: Berry Petroleum Company 2010 (Berry Petroleum Co), Berry Petroleum Company 2010 (Berry Petroleum Co), Berry Petroleum Company 2010 (Berry Petroleum Co)

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