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EOG » Topics » Potential Payments Upon Termination or Change of Control

This excerpt taken from the EOG DEF 14A filed Mar 29, 2007.

Potential Payments Upon Termination or Change of Control

     If a Named Officer is terminated other than as a result of a change of control, the terms of his employment agreement described below would govern any payments received. If a change of control occurs and a Named Officer is terminated, the terms of each officer’s Amended and Restated Change of Control Agreement, along with our Retention Bonus Plan described in “Payments Made Upon a Change of Control, Retention Bonus Plan” on page 26 of this Proxy Statement, govern any payments received. The tables below reflect the amount of compensation to be paid to each Named Officer in the event of his termination of employment as a result of each of the described circumstances. The amounts shown in the tables below assume that any termination was effective as of December 31, 2006 and are estimates of the amounts which would be paid upon termination. The actual amounts to be paid can only be determined at the time of the officer’s actual termination.

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