{"id":38787,"date":"2015-09-17T11:25:58","date_gmt":"2015-09-17T16:25:58","guid":{"rendered":"https:\/\/content.findlaw-admin.com\/ability-legal\/contracts\/uncategorized\/directors-deferred-compensation-plan-halliburton-co.html"},"modified":"2015-09-17T11:25:58","modified_gmt":"2015-09-17T16:25:58","slug":"directors-deferred-compensation-plan-halliburton-co","status":"publish","type":"corporate_contracts","link":"https:\/\/corporate.findlaw.com\/contracts\/compensation\/directors-deferred-compensation-plan-halliburton-co.html","title":{"rendered":"Directors&#8217; Deferred Compensation Plan &#8211; Halliburton Co."},"content":{"rendered":"<pre>                               HALLIBURTON COMPANY\n\n                      DIRECTORS' DEFERRED COMPENSATION PLAN\n\n                             AS AMENDED AND RESTATED\n\n                        EFFECTIVE AS OF FEBRUARY 1, 2001\n\n\n\n\n\n                                TABLE OF CONTENTS\n\n                                                                            Page\n\nARTICLE I        PURPOSE OF PLAN...............................................2\n\nARTICLE II       DEFINITIONS...................................................3\n\nARTICLE III      ADMINISTRATION OF THE PLAN....................................5\n\nARTICLE IV       DEFERRED COMPENSATION.........................................7\n\nARTICLE V        DEFERRED COMPENSATION SUBJECT TO INTEREST.....................8\n\nARTICLE VI       STOCK EQUIVALENTS.............................................9\n\nARTICLE VII      NATURE OF PLAN...............................................11\n\nARTICLE VIII     TERMINATION OF THE PLAN......................................12\n\nARTICLE IX       AMENDMENT OF THE PLAN........................................13\n\nARTICLE X        GENERAL PROVISIONS...........................................14\n\nARTICLE XI       EFFECTIVE DATE...............................................15\n\n                                       i\n\n\n\n                               HALLIBURTON COMPANY\n\n                      DIRECTORS' DEFERRED COMPENSATION PLAN\n\n                             AS AMENDED AND RESTATED\n\n                        EFFECTIVE AS OF FEBRUARY 1, 2001\n\n\n\n     The Board of Directors of Halliburton Company having heretofore established\nthe Directors' Deferred Compensation Plan, pursuant to the provisions of Article\nVII of said Plan,  hereby  amends and  supplements  said Plan to be effective in\naccordance with the provisions of ARTICLE XI hereof.\n\n\n\n                                    ARTICLE I\n                                 PURPOSE OF PLAN\n\n     The  purpose  of the Plan is to assist  the  Directors  of the  Company  in\nplanning for their retirement.\n\n                                       2\n\n\n                                   ARTICLE II\n                                   DEFINITIONS\n\n     Where the following  words and phrases appear  herein,  they shall have the\nrespective  meanings  set forth in this ARTICLE II,  unless the context  clearly\nindicates to the contrary.\n\n     Section 2.01. \"Administrator\" shall mean any administrator appointed by the\nCommittee  pursuant  to  Section  3.01  herein  or, in the  absence  of any such\nappointment, the Committee.\n\n     Section 2.02. \"Board of Directors\" shall mean the Board of Directors of the\nCompany.\n\n     Section 2.03.  \"Committee\"  shall mean the  committee of those  individuals\n(each of whom shall be a Director)  appointed by the Board of Directors pursuant\nto Article III hereof.\n\n     Section 2.04. \"Company\" shall mean Halliburton Company.\n\n     Section 2.05.  \"Compensation\"  shall mean a Participant's  compensation for\nservices as a Director.\n\n     Section 2.06. \"Deferral Termination Date\" shall mean the date a Participant\nceases to be a Director of the Company.\n\n     Section 2.07.  \"Deferred  Compensation\"  shall mean  Compensation  deferred\npursuant to the provisions of this Plan.\n\n     Section 2.08. \"Deferred  Compensation Account\" shall mean the Participant's\nDeferred Compensation Account established pursuant to Section 4.03 herein.\n\n     Section 2.09.  \"Director\"  shall mean a member of the Board of Directors of\nthe Company.\n\n     Section  2.10.  \"Earned\"  or any  variant  thereof,  when used  herein with\nrespect to Compensation or Deferred Compensation or interest accrued pursuant to\nSection  5.02,  shall refer to the end of a Fiscal  Quarter and,  when used with\nrespect to a dividend or distribution on the Company's  common stock  referenced\nin  Section  6.02,  shall  refer  to the date of  payment  of such  dividend  or\ndistribution by the Company.\n\n     Section 2.11.  \"Fiscal  Quarter\" shall mean the quarters of the Fiscal Year\nended July 31, October 31, January 31 and April 30.\n\n     Section 2.12. \"Fiscal Year\" shall mean the twelve-consecutive-month  period\ncommencing May 1 of each year.\n\n     Section 2.13. \"Market Price\" of the common stock of the Company on any date\nshall mean the  closing  sales  price per share for the common  stock (or, if no\nclosing sales price is reported, the average of the bid and ask prices per share\non such date) on the New York Stock Exchange or, if the common stock is not then\nlisted on such  Exchange,  such other national or regional  securities  exchange\nupon  which  the  common  stock  is so  listed,  as  reported  in the  composite\n\n                                       3\n\n\ntransactions  for the principal United States  securities  exchange on which the\ncommon  stock is then  listed or, if the common  stock is not then listed on any\nsuch exchange, as reported in The NASDAQ Stock Market.\n\n     Section 2.14.  \"Participant\" shall mean any Director of the Company who has\nelected to have all or a part of his Compensation deferred pursuant to the Plan.\n\n     Section 2.15. \"Plan\" shall mean the Halliburton Company Directors' Deferred\nCompensation Plan, as amended and restated effective as of February 1, 2001, and\nas the same may thereafter be amended from time to time.\n\n     Section  2.16.  \"Plan  Earnings\"  shall mean  amounts of  interest to which\nreference is made in Section 5.01 herein and of dividends and  distributions  to\nwhich reference is made in Section 6.02 herein.\n\n     Section 2.17. \"Stock Equivalent\" shall mean a measure of value equal to one\nshare of the Company's common stock.\n\n     Section 2.18.  \"Stock  Equivalents  Account\"  shall mean the  Participant's\nStock Equivalents Account established pursuant to Section 4.03 herein.\n\n                                       4\n\n\n                                   ARTICLE III\n                           ADMINISTRATION OF THE PLAN\n\n     Section 3.01.  Committee.  The Board of Directors shall appoint a Committee\nto  administer,  construe  and  interpret  the  Plan.  Such  Committee,  or such\nsuccessor  Committee as may be duly  appointed by the Board of Directors,  shall\nserve at the pleasure of the Board of Directors. Decisions of the Committee with\nrespect  to any  matter  involving  the Plan  shall be final and  binding on the\nCompany and all  Participants.  The Committee may designate an  Administrator to\naid the Committee in its  administration of the Plan. Such  Administrator  shall\nmaintain complete and adequate records pertaining to the Plan, including but not\nlimited to  Participants'  Deferred  Compensation  Accounts and Stock Equivalent\nAccounts, and shall serve at the pleasure of the Committee.\n\n     Section 3.02. Indemnity.\n\n          (a)  Indemnification.  The  Company (the \"Indemnifying  Party\") hereby\n     agrees to indemnify and hold harmless the members  of the Committee and any\n     Administrator  designated by  the  Committee  (the  \"Indemnified  Parties\")\n     against  any losses,  claims, damages or  liabilities to which  any of  the\n     Indemnified  Parties may become  subject to  the extent that  such  losses,\n     claims, damages or  liabilities or actions in  respect thereof arise out of\n     or are  based upon  any  act  or omission  of  such  Indemnified  Party  in\n     connection  with the  administration of this  Plan (including  any  act  or\n     omission constituting negligence on the part of such Indemnified Party, but\n     excluding  any act or omission  constituting  gross  negligence  or willful\n     misconduct on the  part of such  Indemnified Party), and will reimburse the\n     Indemnified  Party for any legal or  other expenses reasonably  incurred by\n     him or her in connection  with investigating or defending  against any such\n     loss, claim, damage, liability or action.\n\n          (b)  Actions.  Promptly  after  receipt by the Indemnified Party under\n     Section  3.02(a) herein  of notice  of the  commencement of  any action  or\n     proceeding with  respect to any  loss, claim,  damage or liability  against\n     which the Indemnified Party believes he or she is indemnified under Section\n     3.02(a), the Indemnified Party shall, if a claim with respect thereto is to\n     be made  against the  Indemnifying Party  under such  Section,  notify  the\n     Indemnifying  Party in  writing  of  the  commencement  thereof;  provided,\n     however, that the omission so  to notify  the Indemnifying Party  shall not\n     relieve it from any liability which it may have to the Indemnified Party to\n     the extent the Indemnifying Party is not  prejudiced by such  omission.  If\n     any such action  or proceeding  shall be brought  against  the  Indemnified\n     Party  and it  shall notify  the Indemnifying  Party  of  the  commencement\n     thereof, the  Indemnifying Party  shall be entitled to participate therein,\n     and, to the extent that it shall wish, to assume the defense thereof,  with\n     counsel reasonably satisfactory to the Indemnified Party, and, after notice\n     from the  Indemnifying Party to  the Indemnified  Party of its  election to\n     assume the  defense thereof, the  Indemnifying Party shall not be liable to\n     such  Indemnified Party  under  Section  3.02(a) for  any  legal  or  other\n     expenses subsequently incurred by the Indemnified Party in connection  with\n     the defense thereof other  than  reasonable   costs  of   investigation  or\n     reasonable  expenses  of  actions  taken  at  the  written  request  of the\n\n                                       5\n\n\n     Indemnifying  Party. The Indemnifying  Party shall not  be liable  for  any\n     compromise  or  settlement  of  any  such  action  or  proceeding  effected\n     without its consent, which consent will not be unreasonably withheld.\n\n                                       6\n\n\n                                   ARTICLE IV\n                              DEFERRED COMPENSATION\n\n     Section  4.01.  Initial  Elections  by  Participants.  Any  Director of the\nCompany  may at any time elect to  participate  in the Plan and to have all,  or\nsuch percentage as he may specify, of the Compensation  otherwise payable to him\nas a Director  deferred and paid to him after his Deferral  Termination  Date at\nthe time and in the manner  prescribed  in Section  5.02 or Section  6.05.  Such\nelection shall be made by notice in writing  delivered to the  Administrator and\nshall be applicable  only with respect to  Compensation  earned after the end of\nthe Fiscal  Quarter in which such  election  is made and prior to the earlier of\nthe effective date of a further election pursuant to Section 4.02 herein or such\nParticipant's  Deferral  Termination  Date.  At the time of making such  initial\nelection  hereunder,  a Director  shall  specify  the  portion,  if any, of such\nDeferred  Compensation  which will be (i) held subject to the  interest  payment\nprovisions  of ARTICLE V hereof or (ii)  translated  into Stock  Equivalents  in\naccordance with ARTICLE VI hereof.\n\n     Section  4.02.  Subsequent  Elections by  Participants.  Subsequent  to the\ninitial  election by a  Participant  provided for in Section 4.01, a Participant\nmay at any time  make a  subsequent  election  in like  manner  to  increase  or\ndecrease the percentage of his Compensation to be deferred  pursuant to the Plan\nand to elect the portion of such Deferred  Compensation and any Plan Earnings to\nbe (i) held subject to the interest  payment  provisions  of ARTICLE V hereof or\n(ii) translated into Stock Equivalents in accordance with ARTICLE VI hereof. Any\nsuch  election  shall be  effective  as of the first day of the  Fiscal  Quarter\nfollowing  the Fiscal  Quarter in which such  election is made.  Notwithstanding\nanything to the contrary  herein,  no such  subsequent  election  shall effect a\ntransfer of any amount credited,  as of the first day of such Fiscal Quarter, to\neither the Deferred  Compensation  Account or the Stock Equivalents Account from\nsuch account to the other account.\n\n     Section 4.03.  Establishment  of Deferred  Compensation  Accounts and Stock\nEquivalents Accounts. There shall be established for each Participant an account\nto be designated as such Participant's  Deferred Compensation Account and, where\nappropriate, an account to be designated as such Participant's Stock Equivalents\nAccount.\n\n     Section 4.04.  Allocations to Accounts.  Any Deferred  Compensation and any\nPlan Earnings earned by a Participant  during a Fiscal Quarter shall be credited\nto the Deferred  Compensation  Account of such  Participant on the date any such\namount is earned. As of the end of such Fiscal Quarter,  there shall be deducted\nfrom such  Participant's  Deferred  Compensation  Account an amount necessary to\nsatisfy such  Participant's  specification,  if any, pursuant to Section 4.01 or\n4.02 herein,  of the portion of such Deferred  Compensation and Plan Earnings to\nbe allocated to such Participant's  Stock Equivalents Account in accordance with\nSection 6.01 herein.\n\n                                       7\n\n\n                                    ARTICLE V\n                    DEFERRED COMPENSATION SUBJECT TO INTEREST\n\n     Section 5.01. Interest on Deferred  Compensation  Accounts. A Participant's\nDeferred  Compensation  Account  shall be  credited as of the end of each Fiscal\nQuarter  with an amount  equivalent  to interest  for the number of days in such\nquarter (based on a fiscal year of 365 days) at Citibank,  N.A.'s prime rate for\nmajor  corporate  borrowers  in effect on the first day of such  Fiscal  Quarter\napplied to the balance of such account at the beginning of such Fiscal  Quarter.\n(No amount credited to a Participant's  Deferred Compensation Account subsequent\nto the  beginning of a Fiscal  Quarter  shall bear  interest  during that Fiscal\nQuarter.)  Interest credited to a Participant's  Deferred  Compensation  Account\nshall be held in such account subject to the provisions of Section 4.04 herein.\n\n     Section 5.02.  Distribution of Deferred  Compensation  Accounts  Subject to\nInterest.  When a  Participant's  Deferral  Termination  Date shall  occur,  the\nbalance standing in such Participant's  Deferred Compensation Account at the end\nof the Fiscal  Quarter  in which  such date  occurs  (after  crediting  interest\nthereto in  accordance  with Section 5.01 herein) shall be  distributed  to such\nParticipant  in one of the  following  alternative  forms,  as determined by the\nCommittee in its sole discretion:\n\n          (a)  a single lump-sum payment;\n\n          (b)  five equal annual installments; or\n\n          (c)  ten equal annual installments.\n\n     Until  payment is made,  interest  shall  continue  to accrue in the manner\nprovided in Section 5.01.  All Plan  Earnings  accrued to the date of payment of\nany  lump-sum  or  annual  installment  shall be paid in  conjunction  with such\npayment.  The  lump-sum  payment  or the  initial  annual  installment  shall be\ndistributed  on the last business day of January next following the close of the\ncalendar year in which the Participant's  Deferral  Termination Date occurs. The\nremaining  installments,  if any,  shall  be  distributed  at  annual  intervals\nthereafter.\n\n     If a Participant's  Deferral  Termination Date shall occur by reason of his\ndeath or if he shall die  after  his  Deferral  Termination  Date,  but prior to\nreceipt  of  all   distributions   provided  for  in  this  Section,   all  cash\ndistributable hereunder shall be distributed in a lump sum to such Participant's\nestate or personal representative as soon as administratively feasible following\nsuch Participant's death.\n\n                                       8\n\n\n                                   ARTICLE VI\n                                STOCK EQUIVALENTS\n\n     Section 6.01. Stock Equivalents Accounts.  The number of Stock Equivalents,\nor  fractions  thereof,  to be credited  to a  Participant's  Stock  Equivalents\nAccount in  accordance  with  Section 4.04 shall be  determined  by dividing the\namount of  Deferred  Compensation  and Plan  Earnings  to be  allocated  to such\naccount pursuant to the  Participant's  specifications  given in accordance with\nArticle IV by the Market Price of the Company's common stock on the last trading\nday of the  Fiscal  Quarter  specified  in  Section  4.04.  The  number of Stock\nEquivalents,  so determined,  shall be credited to the Stock Equivalents Account\nestablished for the Participant.\n\n     Section 6.02. Cash and Property Dividend Credits.  Additional credits shall\nbe made to a Participant's  Deferred  Compensation Account throughout the period\nof such  Participant's  participation  in the  Plan,  and  thereafter  until all\ndistributions to which the Participant is entitled under Section 6.05 or ARTICLE\nVIII shall have been made, in amounts  equal to the Plan Earnings  consisting of\nthe cash or fair market  value of any  dividends or  distributions  declared and\nmade with  respect to the  Company's  common stock  payable in cash,  securities\nissued by the Company  (other than the Company's  common stock but including any\nsuch securities  convertible  into the Company's common stock) or other property\nwhich the  Participant  would  have  received  from time to time had he been the\nowner on the record  dates for the  payment of such  dividends  of the number of\nshares of the Company's common stock equal to the number of Stock Equivalents in\nhis Stock Equivalents  Account on such dates. Each such credit shall be effected\nas of the payment date for such dividend or distribution.  Each and every amount\nso credited to a Participant's  Deferred  Compensation  Account shall be held in\nsuch account subject to the provisions of Section 4.04 herein.\n\n     Section 6.03. Stock Dividend Credits. Additional credits shall be made to a\nParticipant's   Stock   Equivalents   Account   throughout  the  period  of  his\nparticipation in the Plan, and thereafter  until all  distributions to which the\nParticipant is entitled under Section 6.05 or ARTICLE VIII shall have been made,\nof a number  of Stock  Equivalents  equal to the  number  of  shares  (including\nfractional  shares) of the Company's common stock to which the Participant would\nhave  been  entitled  from  time to time as  common  stock  dividends  had  such\nParticipant  been the owner on the record  dates for the  payments of such stock\ndividends  of the number of shares of the  Company's  common  stock equal to the\nnumber of Stock Equivalents  credited to his Stock  Equivalents  Account on such\ndates.  Such  additional  credits  shall be effected as of the end of the Fiscal\nQuarter in which payment of such stock dividend is made.\n\n     Section 6.04.  Recapitalization.  If, as a result of a split or combination\nof  the  Company's  outstanding  common  stock  or  other   recapitalization  or\nreorganization,  the number of shares of the Company's  outstanding common stock\nis  increased  or  decreased  or all or a portion of the  Company's  outstanding\ncommon stock is exchanged for or converted into other  securities  issued by the\nCompany (including without limitation securities  convertible into the Company's\ncommon stock) or other property,  the number of Stock Equivalents  credited to a\nParticipant's   Stock  Equivalents  Account  shall,  to  the  extent  reasonably\npracticable,  be equitably adjusted to give effect to such  recapitalization  or\nreorganization  (taking into account the fair market value of any  securities or\nother property for which the Company's  common stock was exchanged or into which\nit was  converted)  as if the  Participant  had owned of record on the effective\n\n                                       9\n\n\ndate of such  recapitalization  or  reorganization  a number  of  shares  of the\nCompany's common stock equal to the number of Stock Equivalents  credited to his\nStock Equivalents Account immediately prior thereto. To the extent that any such\nadjustment  is not  reasonably  practicable,  the Board of Directors  shall give\nconsideration  to  amending  the Plan  pursuant  to  ARTICLE IX in order to give\neffect to the purpose of the Plan and, if no such  amendments can be effected or\nare considered desirable, to terminating the Plan pursuant to ARTICLE VIII.\n\n     Section   6.05.   Distributions   from  Stock   Equivalent   Account  After\nParticipant's   Deferral   Termination  Date.  When  a  Participant's   Deferral\nTermination  Date shall occur,  the Company  shall become  obligated to make the\ndistributions  prescribed  in paragraphs  (a) and (b) below.  At the time of any\ndistribution,  each Stock  Equivalent to be distributed  shall be converted into\none share of the Company's  common stock and such share shall be  distributed to\nthe Participant.  Any fraction of a Stock Equivalent to be distributed  shall be\nconverted  into an amount in cash equal to the Market  Price of one share of the\nCompany's   common  stock  on  the  trading  day  next  preceding  the  date  of\ndistribution  multiplied by such fraction and such cash shall be  distributed to\nthe Participant.\n\n          (a)  Distribution  shall be  made in one of the following  alternative\n     forms, as determined by the Committee in its sole discretion:\n\n               (i)    a single lump-sum distribution;\n\n               (ii)   five equal annual installments; or\n\n               (iii)  ten equal annual installments.\n\n     Until payment is made, Plan Earnings  shall  continue to be credited in the\n     manner  provided in Section 6.02. All Plan Earnings  accrued to the date of\n     any  lump-sum   distribution  or  annual  installment   shall  be  paid  in\n     conjunction  with  such  payment.  The  lump-sum  or  the  initial   annual\n     installment shall be distributed  on the last  business day of January next\n     following  the  close  of  the  calendar  year  in  which the Participant's\n     Deferral  Termination  Date  occurs.  The remaining  installments,  if any,\n     shall be distributed at annual intervals thereafter.\n\n          (b)  If a  Participant's Deferral  Termination  Date  shall  occur  by\n     reason of his death or if he shall die after his Deferral  Termination Date\n     but prior to receipt of all distributions provided for in this Section, all\n     Stock  Equivalents,  or   the  undistributed   balance  thereof,  shall  be\n     distributed to such Participant's estate or personal representative as soon\n     as administratively feasible following such Participant's death.\n\n                                       10\n\n\n                                   ARTICLE VII\n                                 NATURE OF PLAN\n\n     The  adoption of this Plan and any setting  aside of amounts by the Company\nwith which to discharge its obligations  hereunder shall not be deemed to create\na trust. Legal and equitable title to any funds so set aside shall remain in the\nCompany, and any recipient of benefits hereunder shall have no security or other\ninterest in such funds.  Any and all funds so set aside shall remain  subject to\nthe claims of the general  creditors  of the Company,  present and future.  This\nprovision shall not require the Company to set aside any funds,  but the Company\nmay set aside such funds if it chooses to do so.\n\n                                       11\n\n\n                                  ARTICLE VIII\n                             TERMINATION OF THE PLAN\n\n     The Board of Directors may terminate the Plan at any time. Upon termination\nof the Plan,  distributions  in respect of  credits  to  Participants'  Deferred\nCompensation  Accounts  and  Stock  Equivalents  Accounts  as  of  the  date  of\ntermination  shall be made in the manner and at the time  prescribed  in Section\n5.02 or 6.05;  provided,  however,  that the Board of  Directors  shall have the\nright, by amendment of the Plan made in conjunction  with such  termination,  to\ncause distributions in respect of credits to Participants' Deferred Compensation\nAccounts  and  Stock  Equivalents  Accounts  as of the  effective  date  of such\ntermination  of the Plan to be made at such  time and in such  manner  as it may\ndetermine,  including,  but  not  limited  to,  distributions  in  equal  annual\ninstallments  of five or ten years or in a lump sum; and further  provided  that\nthe  value of the  accounts  on  distribution  shall be  determined  in a manner\nconsistent with the provisions of Section 5.02 and 6.05, as applicable.\n\n                                       12\n\n\n                                   ARTICLE IX\n                              AMENDMENT OF THE PLAN\n\n     The Board of Directors may,  without the consent of  Participants  or their\nbeneficiaries,  amend  the Plan at any time  and  from  time to time;  provided,\nhowever, that no amendment may deprive a Participant of the amounts allocated to\nhis or her  Deferred  Compensation  Account or Stock  Equivalents  Account or be\nretroactive in effect to the prejudice of any Participant.\n\n                                       13\n\n\n                                    ARTICLE X\n                               GENERAL PROVISIONS\n\n     Section 10.01. No Preference. No Participant shall have any preference over\nthe general creditors of the Company in the event of the Company's insolvency.\n\n     Section 10.02. Authorized Payments.\n\n          (a)  If the  Committee receives evidence  satisfactory to it  that any\n     person entitled to receive a periodic payment hereunder is, at the time the\n     benefit is payable, physically, mentally or legally incompetent to  receive\n     such payment and to give a valid receipt therefor,  and that  an individual\n     or institution is then maintaining or has custody of such  person and that\n     no guardian, committee or other representative of the estate of such person\n     has  been  duly appointed,  the Committee  may direct  that  such  periodic\n     payment  or  portion thereof be  paid  to such  individual  or  institution\n     maintaining  or having custody  of such person,  and the  receipt  of  such\n     individual  or institution  shall be valid and a complete discharge for the\n     payment of such benefit.\n\n          (b)  Payments to be  made hereunder may, at the written request of the\n     Participant,  be made to  a bank account  designated  by such  Participant,\n     provided  that deposits  to the credit  of such Participant  in any bank or\n     trust company shall be deemed payment into his hands.\n\n          (c)  Notwithstanding  any other provisions of the Plan, if any amounts\n     payable  under the Plan  are found in a \"determination\" (within the meaning\n     of Section  1313(a) of the  Internal Revenue  Code of  1986) to  have  been\n     includible in  gross income  of a  Participant  prior to  payment  of  such\n     amounts hereunder, such amounts  shall be paid to such Participant  as soon\n     as  practicable after the Committee  is advised of such  determination. For\n     purposes  of this paragraph, the  Committee shall be entitled to rely on an\n     affidavit  by a  Participant and a  copy of the determination to the effect\n     that a determination described in the preceding sentence has occurred.\n\n     Section  10.03.  Gender  Words.  Wherever  any words are used herein in the\nmasculine,  feminine or neuter  gender,  they shall be  construed as though they\nwere also used in another  gender in all cases  where  they would so apply,  and\nwhenever any words are used herein in the singular or plural form, they shall be\nconstrued  as though  they were also used in the other  form in all cases  where\nthey would so apply.\n\n     Section 10.04. Assignment of Benefits. Benefits provided under the Plan may\nnot be assigned or alienated, either voluntarily or involuntarily, other than by\nwill or the applicable laws of descent and distribution.\n\n     Section  10.05.  Conflicts  of Laws.  THE LAWS OF THE STATE OF TEXAS  SHALL\nCONTROL THE INTERPRETATION AND PERFORMANCE OF THE TERMS OF THE PLAN. THE PLAN IS\nNOT INTENDED TO QUALIFY  UNDER  SECTION  401(a) OF THE INTERNAL  REVENUE CODE OF\n1986, AS AMENDED,  OR TO COMPLY WITH THE EMPLOYEE RETIREMENT INCOME SECURITY ACT\nOF 1974, AS AMENDED.\n\n                                       14\n\n\n                                   ARTICLE XI\n                                 EFFECTIVE DATE\n\n     This  amendment  and  restatement  of the  Plan  shall be  effective  as of\nFebruary 1, 2001,  and shall  continue in force during  subsequent  years unless\namended or revoked by action of the Board of Directors.\n\n                                       HALLIBURTON COMPANY\n\n\n\n                                       By\n                                           ---------------------------------\n\n                                       15\n<\/pre>\n","protected":false},"template":"","meta":{"_acf_changed":false,"_stopmodifiedupdate":true,"_modified_date":"","_cloudinary_featured_overwrite":false},"corporate_contracts_companies":[7712],"corporate_contracts_industries":[9413],"corporate_contracts_types":[9539,9542],"class_list":["post-38787","corporate_contracts","type-corporate_contracts","status-publish","hentry","corporate_contracts_companies-halliburton-co","corporate_contracts_industries-energy__services","corporate_contracts_types-compensation","corporate_contracts_types-compensation__deferred"],"acf":[],"_links":{"self":[{"href":"https:\/\/corporate.findlaw.com\/legal-api\/wp-json\/wp\/v2\/corporate_contracts\/38787","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/corporate.findlaw.com\/legal-api\/wp-json\/wp\/v2\/corporate_contracts"}],"about":[{"href":"https:\/\/corporate.findlaw.com\/legal-api\/wp-json\/wp\/v2\/types\/corporate_contracts"}],"wp:attachment":[{"href":"https:\/\/corporate.findlaw.com\/legal-api\/wp-json\/wp\/v2\/media?parent=38787"}],"wp:term":[{"taxonomy":"corporate_contracts_companies","embeddable":true,"href":"https:\/\/corporate.findlaw.com\/legal-api\/wp-json\/wp\/v2\/corporate_contracts_companies?post=38787"},{"taxonomy":"corporate_contracts_industries","embeddable":true,"href":"https:\/\/corporate.findlaw.com\/legal-api\/wp-json\/wp\/v2\/corporate_contracts_industries?post=38787"},{"taxonomy":"corporate_contracts_types","embeddable":true,"href":"https:\/\/corporate.findlaw.com\/legal-api\/wp-json\/wp\/v2\/corporate_contracts_types?post=38787"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}