Exhibit 10.22(c)
CABOT OIL & GAS
CORPORATION SAVINGS INVESTMENT PLAN
(As Amended and Restated
Effective January 1, 2006)
THIRD AMENDMENT
WHEREAS, effective January 1,
1991, Cabot Oil & Gas Corporation (the
“Company”) established the Cabot Oil & Gas
Corporation Savings Investment Plan and has amended and restated
the Plan on several occasions since that date, most recently as of
January 1, 2006 (the “Plan”); and
WHEREAS, effective as of
January 16, 2008, the Company established the Cabot
Oil & Gas Corporation Supplemental Employee Incentive Plan
(“SEIP I”) in order to facilitate the Company’s
ability to attract and retain talented employees and to mitigate
possible concerns about the stability of employment relationships
in a consolidating industry; and
WHEREAS, the Company amended the
Plan, effective as of April 23, 2008, to clarify that the
Company does not intend for benefits paid under SEIP I to be
included in the calculation of Compensation under the terms of the
Plan; and
WHEREAS, effective July 1,
2008, the Company established the Cabot Oil & Gas
Corporation Supplemental Employee Incentive Plan II (“SEIP
II”); and
WHEREAS, SEIP II expressly states
that any benefit payable under SEIP II is and shall be
characterized for all purposes as a retention bonus payment;
and
WHEREAS, the Company does not intend
for benefits paid under SEIP II or any other supplemental employee
incentive plan that is substantially similar to SEIP I or SEIP II
to be included in the calculation of Compensation under the terms
of the Plan;
NOW, THEREFORE, having reserved the
right to amend the Plan pur
