Retention Award Sample Contracts

February 24, 2014 Mr. Stuart S Schuette Re: Retention Award Dear Stuart:
Retention Award • May 12th, 2014 • Us Foods, Inc. • Wholesale-groceries & related products • Illinois

As you know, we anticipate a business combination later this year between Sysco Corporation (“Sysco”) and US Foods, Inc. (the “Company”). In order to recognize your contributions, and to encourage you to remain with the Company through this period and after the transaction closes to assist with anticipated transition issues, I am pleased to advise you that you have been selected to receive a cash award (the “Retention Award”) based on the terms outlined below (this letter agreement, the “Agreement”).

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Grant Date] RETENTION AWARD TERMS AND CONDITIONS
Retention Award • February 20th, 2018 • Conocophillips • Petroleum refining • Delaware

These Retention Award Terms and Conditions describe terms and conditions of Restricted Stock Unit Awards granted under the 2014 Omnibus Stock and Performance Incentive Plan of ConocoPhillips (referred to as the Plan) by ConocoPhillips (the Company) to [ ] (Employee). These Terms and Conditions, together with the Award Summary given to Employee, form the Award Agreement (the Agreement) relating to the Award described.

December [______], 2022 Re: Retention Award[; COBRA] Dear [______]:
Retention Award • December 23rd, 2022 • Brigham Minerals, Inc. • Crude petroleum & natural gas

As you may know, Brigham Minerals, Inc., a Delaware corporation (the “Company”) and Brigham Minerals Holdings, LLC, a Delaware limited liability company and subsidiary of the Company, entered into that certain Agreement and Plan of Merger (the “Merger Agreement”), dated September 6, 2022, with Sitio Royalties Corp., a Delaware corporation (“Sitio Royalties”), Sitio Royalties Operating Partnership, LP, a Delaware limited partnership and subsidiary of Sitio Royalties (“Opco LP”), Snapper Merger Sub I, Inc., a Delaware corporation and a wholly owned subsidiary of Sitio Royalties (“New Parent”), Snapper Merger Sub IV, Inc., a Delaware corporation and wholly owned subsidiary of New Parent, Snapper Merger Sub V, Inc., a Delaware corporation and wholly owned subsidiary of New Parent (“Sitio Merger Sub”), and Snapper Merger Sub II, LLC, a Delaware limited liability company and a wholly owned subsidiary of Opco LP (collectively, “Sitio”). The closing (the “Closing”) of the merger contemplated b

Invitation Homes Inc.
Retention Award • August 14th, 2017 • Invitation Homes Inc. • Real estate operators (no developers) & lessors • Maryland

Reference is made to the Agreement and Plan of Merger by and among Invitation Homes Inc. (the “Company”), Invitation Homes Operating Partnership LP, IH Merger Sub, LLC, Starwood Waypoint Homes, and Starwood Waypoint Homes Partnership L.P., dated as of August 9, 2017, the (“Merger Agreement”). Capitalized terms used in this letter without definition shall have the respective meanings set forth the Merger Agreement.

Pioneer Energy Services Corp. Letterhead] [DATE]
Retention Award • September 13th, 2019 • Pioneer Energy Services Corp • Drilling oil & gas wells • Texas

Pioneer Energy Services Corp. (the “Company”) recognizes the important goal of retaining you as an employee of the Company, and, in furtherance of that goal, the Company wishes to provide financial incentives for you to remain an employee for the period of time specified in this letter agreement (this “Agreement”) and to continue to perform in a highly effective manner and contribute to the success of the Company and its affiliates. Except to the extent otherwise defined herein, capitalized terms used in this Agreement shall have the meaning given them on Exhibit A attached hereto.

Retention Award
Retention Award • March 8th, 2019 • Barnes & Noble Inc • Retail-miscellaneous shopping goods stores • New York

In recognition of your extraordinary efforts to date and to encourage your continued dedication to Barnes & Noble, Inc. (the “Company”), the Company has determined to provide you with a retention award pursuant to the terms of this letter agreement (this “Agreement”), effective as of March 4, 2019 (the “Grant Date”).

Retention Award between Stoneridge, Inc. and George E. Strickler, Mark J. Tervalon, Thomas A. Beaver and Michael D. Sloan
Retention Award • October 9th, 2009 • Stoneridge Inc • Motor vehicle parts & accessories

The Board of Directors of Stoneridge, Inc. (the “Company”) has decided that you should be provided with the compensation enhancement as outlined in this letter agreement. The intent of this additional compensation is to recognize your positive contribution to the Company and to serve as a retention incentive to remain with the Company as we mutually seek to improve Company performance.

Invitation Homes Inc.
Retention Award • August 14th, 2017 • Invitation Homes Inc. • Real estate operators (no developers) & lessors • Maryland

Reference is made to the Agreement and Plan of Merger by and among Invitation Homes Inc. (the “Company”), Invitation Homes Operating Partnership LP, IH Merger Sub, LLC, Starwood Waypoint Homes, and Starwood Waypoint Homes Partnership L.P., dated as of August 9, 2017, the (“Merger Agreement”). Capitalized terms used in this letter without definition shall have the respective meanings set forth the Merger Agreement.

Re: Retention Award
Retention Award • January 15th, 2013 • EnergySolutions, Inc. • Hazardous waste management

As you know, EnergySolutions, Inc. (the “Company”) has entered into an Agreement and Plan of Merger with Rockwell Holdco, Inc. and Rockwell Acquisition Corp., dated as of January 7, 2013 (the “Merger Agreement”). EnergySolutions is currently in a “go-shop” period in which we are actively soliciting other offers to enter into a transaction. The Company desires to retain your services through the date on which the transactions contemplated by the Merger Agreement, or transactions arising from the “go-shop” period, are consummated (such date, “the Closing Date”).

January 10, 2022 Gilles Luca Dear Gilles,
Retention Award • February 22nd, 2022 • Valaris LTD • Drilling oil & gas wells

You were previously awarded a cash-based retention award in the aggregate amount of USD $1,500,000 (the “Retention Award”) subject to the terms and conditions set forth in a letter agreement dated August 18, 2021 (the “Agreement”). This letter agreement revises the payment terms for the first installment of the Retention Award as set forth in the Agreement.

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