Civitas Resources Inc. Watch

from 8-K 3 pages Via Email May 7, 2025 Clay Carrell Re: Employment Side Letter Re Repayment Obligation 1. Repayment

from 10-Q 12 pages Confidential Severance and Release Agreement

from 8-K 4 pages An Annualized Base Salary of $875,000, Subject to Annual Review and Periodic Increases at the Discretion of the Company’s Board of Directors (The “Board”), to Be Paid in Accordance With the Company’s Payroll Practices in Effect From Time to Time, Subject to All Applicable Withholdings and Deductions; · Participation in the Company’s 2024 Long Term Incentive Plan (“Ltip”), Subject to the Terms and Conditions of the Ltip and the Award Agreement(s) to Be Entered Into Thereunder, at the Discretion of the Board and Its Compensation Committee as Further Discussed Below. the Ltip Is Administered by the Board and Its Compensation Committee. Your Annual “Target” Ltip Award Will Be Equal to $2,625,000 Per Year. for 2025, You Will Receive Your Ltip Awards on the First Day of Your Employment (The “Grant Date”), and the Total Number of Restricted Stock Units (“Rsus”) and Performance Stock Units (“Psus”) Included in Your 2025 Ltip Awards Will Be Equal to the Quotient of (I) $2,625,000 Divided by (II) the Volume-Weighted Average Price of the Company’s Common Stock for the 30 Trading Days Immediately Preceding the Grant Date (The “Grant Date Price”). Your 2025 Ltip Awards Will Consist of the Following MIX of Award Vehicles (Each of Which Will Be Subject to Award Agreements Consistent With the 2025 Grants That Have Been Made to Other Executive Officers of the Company): O 30% of Total Target Value in Rsus, Subject to Three-Year Ratable Time Vesting From the Grant Date; and O 70% of Total Target Value in Psus Based on the Company’s Absolute Total Shareholder Return Relative to Pre-Established Goals During the Measurement Period 1/1/2025 to 12/31/2027

from 10-Q 16 pages Confidential Severance and Release Agreement

from 10-K 6 pages Cash Award Agreement

from 10-K 12 pages Performance Stock Unit Award Agreement

from 10-K 10 pages Restricted Stock Unit Award Agreement

from 10-K 4 pages August 3, 2023 Private & Confidential

from 10-K 5 pages An Annualized Base Salary of $500,000, Subject to Annual Review and Periodic Increases at the Discretion of the Company’s Board of Directors (The “Board”) and Its Compensation Committee, to Be Paid in Accordance With the Company’s Payroll Practices in Effect From Time to Time, Subject to All Applicable Withholdings and Deductions;

from 10-Q 8 pages Restricted Stock Unit Award Agreement

from 8-K 188 pages Material contract

from 8-K 11 pages Severance and Release Agreement

from 10-K 3 pages Cash Award Agreement

from 10-K 11 pages Civitas Resources, Inc. Employee Restrictive Covenants, Proprietary Information and Inventions Agreement

from 10-K 4 pages Restricted Stock Unit Agreement

from 10-K 4 pages Restricted Stock Unit Agreement

from 10-K 2 pages Civitas Resources, Inc. Amended & Restated Independent Director Compensation Program

from 10-K 4 pages August 3, 2023 Private & Confidential

from 8-K 24 pages Registration Rights Agreement

from 8-K 4 pages An Annualized Base Salary of $500,000, Subject to Annual Review and Periodic Increases at the Discretion of the Company’s Board of Directors (The “Board”) and Its Compensation Committee, to Be Paid in Accordance With the Company’s Payroll Practices in Effect From Time to Time, Subject to All Applicable Withholdings and Deductions;