Common use of Rights to Value of Certain Overriding Royalty Interests Clause in Contracts

Rights to Value of Certain Overriding Royalty Interests. Executive acknowledges and agrees that upon a change of control (as defined in the Newfield Exploration Company Second Amended and Restated 2003 Incentive Compensation Plan (the “ICP”)) (A) the ICP will terminate and (B) Executive will have no further rights with respect to the ICP or the Newfield Employee 1993 Incentive Compensation Plan (as amended, the “1993 Plan”) except for the right to receive payments with respect to outstanding Deferred Awards (as defined in the ICP) and outstanding Deferred Incentive Compensation Awards (as defined in the 1993 Plan).

Rights to Value of Certain Overriding Royalty Interests. Executive acknowledges and agrees that upon a change of control (as defined in the Newfield Exploration Company Second Amended and Restated 2003 Incentive Compensation Plan (the “ICP”)) (A) the ICP will terminate and (B) Executive will have no further rights with respect to the ICP or the Newfield Employee 1993 Incentive Compensation Plan (as amended, the “1993 Plan”) except for the right to receive payments with respect to outstanding Deferred Awards (as defined in the ICP) and outstanding Deferred Incentive Compensation Awards (as defined in the 1993 Plan).