Apache Corporation Money Purchase
Retirement Plan
Apache
Corporation (“Apache”) sponsors the Apache Corporation
Money Purchase Retirement Plan (the “Plan”). In section
9.4 of the Plan, Apache reserved the right to amend the Plan from
time to time. Apache hereby exercises that right by amending the
Plan as follows.
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1.
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Effective as of January 1,
2002, section 6.5(c)(i) is replaced by the following.
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(i)
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Participants, Spouses, and Alternate
Payees . For
a Participant, an Alternate Payee who is the Spouse or former
Spouse of the Participant, or a surviving Spouse of a deceased
Participant, an eligible retirement plan is an individual
retirement account or annuity described in Code §408(a) or
§408(b), a Roth IRA, an annuity plan described in Code
§403(a), an annuity contract described in Code §403(b),
an eligible plan under Code §457(b) that is maintained by an
eligible employer described in Code §457(e)(1)(A) (which
generally includes state and local governments), or the qualified
trust of a defined contribution plan described in Code
§401(a), that accepts eligible rollover
distributions.
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2.
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Effective as of January 1,
2002, section 11.2 is replaced by the following.
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11.2
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Determination of Top-Heavy
Status.
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The
Plan shall be considered “top-heavy” for a Plan Year
if, as of the last day of the prior Plan Year, the aggregate of the
Account balances (as calculated according to the regulations under
Code §416) of Key Employees under this Plan (and under all
other plans required or permitted to be aggregated with this Plan)
exceeds 60% of the aggregate of the Account balances (as calculated
according to the regulations under Code §416) in this Plan
(and under all other plans required or permitted to be aggregated
with this Plan) of all current Employees and all former Employees
who had performed services for Apache or an Affiliated Entity
within the one-year period ending on the last day of the prior Plan
Year. This ratio shall be referred to as the “top-heavy
ratio”. For purposes of determining the account balance of
any Participant, (a) the balance shall be determined as of the
last day of the prior Plan Year, (b) the balance shall also
include any distributions to the Participant during the one-year
period ending on the last day of the prior Plan Year, and
(c) the balance shall also include, for distributions made for
a reason other than severance of employment or death or disability,
any distributions to the Participant during the five-year period
ending on the last day of the prior Plan Year. This shall also
apply to distributions under a terminated plan that, if it had not
been terminated, would have been required to be included in an
aggregation group. The Account balances of a Participant who had
once been a Key Employee, but who is not a Key Employee during the
Plan Year, shall not be taken into account. The following plans
must be aggregated with this Plan for the top-heavy test:
(a) a qualified plan maintained by the Company or an
Affiliated Entity in which a Key Employee participated during this
Plan Year or during the previous four Plan Years and (b) any
other qualified plan maintained by the Company or an Affiliated
Entity that enables this Plan or any plan described in clause
(a) to meet the requirements of Code §401(a)(4) or
§410. The following plans may be aggregated with this Plan for
the top-heavy test: any qualified plan maintained by the Company or
an Affiliated Entity that, in combination with the Plan or any plan
required to be aggregated with this Plan when testing this Plan for
top-heaviness, would satisfy the requirements of Code
§401(a)(4) and §410. If one or more of the plans required
or permitted to be aggregated with this Plan is a defined benefit
plan, a Participant’s “account balance” shall
equal the present value of the Participant’s accrued benefit.
If the aggregation group includes more than one defined benefit
plan, the same actuarial assumptions shall be used with respect to
each such defined benefit plan. The foregoing top-heavy ratio shall
be computed in accordance with the provisions of Code §416(g),
together with the regulations and rulings thereunder.
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3.
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Effective as of January 1,
2009, Article XIII is replaced by the following.
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ARTICLE XIII
Uniformed Services Employment and Reemployment Rights Act of
1994
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(a)
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Scope . The Uniformed Services Employment
and Reemployment Rights Act of 1994 (the “USERRA”),
which is codified at 38 USCA §§4301-4318, confers certain
rights on individuals who leave civilian employment to perform
certain services in the Armed Forces, the National Guard, the
commissioned corps of the Public Health Service, or in any other
category designated by the President of the United States in time
of war or emergency (collectively, the “Uniformed
Services”). An Employee who joins the Uniformed Services
shall be referred to as a “Serviceman” in this Article.
This Article shall be interpreted to provide such individuals with
all the benefits required by the USERRA but no greater benefits
than those required by the USERRA. This Article shall supersede any
contrary provisions in the remainder of the Plan.
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(b)
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Rights of Servicemen
. When a Serviceman
leaves the Uniformed Services, he may have reemployment rights with
the Company or Affiliated Entities, depending on many factors,
including the length of his stay in the Uniformed Services and the
type of discharge he received. When this Article speaks of the date
a Serviceman’s potential USERRA reemployment rights expire,
it means the date on which the Serviceman fails to qualify for
reemployment rights (if, for example, he is dishonorably
discharged, or, in general, remains in the Uniformed Services for
more than 5 years) or, if the Serviceman obtains reemployment
rights, the date his reemployment rights lapse because the
Serviceman failed to timely exercise those rights.
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13.2
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While a Serviceman.
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In
general, a Serviceman shall be treated as an Employee while he
continues to receive wages or Differential Pay from the Company or
an Affiliated Entity, and once the Serviceman’s wages and
Differential Pay from the Company or Affiliated Entity cease, the
Serviceman shall be treated as if he were on an approved, unpaid
leave of absence. For purposes of this Article, &l
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