Re: Change in Control AgreementControl Agreement • August 11th, 2017 • Rex Energy Corp • Crude petroleum & natural gas
The Board of Directors (the “Board”) of Rex Energy Corporation (the “Parent Company”, together with its subsidiaries, the “Company”) offers this agreement to address the terms and conditions of your employment in the event of a future Change in Control of the Company. As used here, “Change in Control” has a certain meaning, defined below. The purpose of this proposed agreement is to obtain your continued dedication and objectivity, notwithstanding the possibility or occurrence of a Change in Control, because the stockholders of the Company will benefit when you are motivated to maximize the value of the Company upon a Change in Control.
