Amendment to Employment Agreement
Exhibit 10.4.1
Amendment to Employment Agreement
Magnum Hunter Resources Corporation, a Delaware corporation (formerly Petro Resources Corporation) (the “Company”) and Xxxxxx X. Xxxxxx (“Executive”) entered into an Employment Agreement effective May 22, 2009 (the “Agreement”). The Company and Executive desire to amend the Agreement effective as of November 14, 2011, as follows:
FIRST: Section 1.1(e) of the Agreement is hereby amended by restatement in its entirety as follows:
(e) “Change of Control” means a “Change in Control” as defined under the Incentive Plan as in effect on November 14, 2011.
SECOND: Section 1.1(k) of the Agreement is hereby amended by restatement in its entirety as follows:
(k) “Incentive Plan” means the Company’s Stock Incentive Plan as amended from time to time.
| Executed on the 17th day of November, 2011. |
| Magnum Hunter Resources Corporation |
| /s/ Xxx X. XxXxxxxxxxxx |
| By Xxx X. XxXxxxxxxxxx, Chair, |
| Compensation Committee of the Board of Directors |
| Executive |
| /s/ Xxxxxx X. Xxxxxx |
| Xxxxxx X. Xxxxxx |
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