EMPLOYMENT AGREEMENTEmployment Agreement • March 1st, 2011 • Parker Drilling Co /De/ • Drilling oil & gas wells • Texas
Notwithstanding the foregoing, I am not waiving any rights or claims that may arise after this Release is signed by me. Moreover, this Release does not apply to any claims or rights which, by operation of law, cannot be waived, including the right to file an administrative charge or participate in an administrative investigation or proceeding; however, by signing this Release I disclaim and waive any right to share or participate in any monetary award resulting from the prosecution of such charge or investigation or proceeding. Nothing in this Release shall affect in any way my rights of indemnification and directors and officers liability insurance coverage provided to me pursuant to the Company’s by-laws, my employment agreement, and/or pursuant to any other agreements or policies in effect prior to the effective date of my termination, which shall continue in full force and effect, in accordance with their terms, following the effective date of this Waiver and Release.
Third Amendment to Consulting AgreementConsulting Agreement • March 1st, 2011 • Parker Drilling Co /De/ • Drilling oil & gas wells
This Third Amendment to that certain Consulting Agreement entered into on April 12, 2006 (as amended by the First Amendment effective May 1, 2008 and by the Second Amendment effective May 1, 2009), between Robert L. Parker (“Parker”), an individual who resides in Tulsa, Oklahoma, and Parker Drilling Company, a Delaware corporation (the “Company”) is effective as of the 1st day of May 2010 (the “Effective Date”).
PARKER DRILLING COMPANY PERFORMANCE UNIT AWARD INCENTIVE AGREEMENTPerformance Unit Award Incentive Agreement • March 1st, 2011 • Parker Drilling Co /De/ • Drilling oil & gas wells • Texas
THIS PERFORMANCE UNIT AWARD INCENTIVE AGREEMENT (this “Agreement”) is made and entered into by and between Parker Drilling Company, a Delaware corporation (the “Company”), and _______________, an individual and employee of the Company (“Grantee”), as of the ____ day of _______, 20__ (the “Grant Date”), subject to the terms and provisions of the Parker Drilling Company ___ Long-Term Incentive Program, effective as of January 1, ___, and as it may be amended from time to time thereafter (the “Program”), which is a sub-plan of the Parker Drilling Company 2010 Long-Term Incentive Plan, as it may be amended from time to time thereafter (the “Plan”). The Program and the Plan are hereby incorporated herein in their entirety by this reference. Capitalized terms not otherwise defined in this Agreement shall have the meaning given to such terms in the Program or the Plan.
PARKER DRILLING COMPANY RESTRICTED STOCK UNIT INCENTIVE AGREEMENTRestricted Stock Unit Incentive Agreement • March 1st, 2011 • Parker Drilling Co /De/ • Drilling oil & gas wells • Texas
THIS RESTRICTED STOCK UNIT INCENTIVE AGREEMENT (this “Agreement”) is made and entered into by and between Parker Drilling Company, a Delaware corporation (the “Company”), and ___________________, an individual and employee of the Company (“Grantee”), as of the ____ day of _________, 20__ (the “Grant Date”), subject to the terms and provisions of the Parker Drilling Company ___ Long-Term Incentive Program, effective as of January 1, 2010, and as it may be amended from time to time thereafter (the “Program”), which is a sub-plan of the Parker Drilling Company 2010 Long-Term Incentive Plan, as it may be amended from time to time thereafter (the “Plan”). The Program and the Plan are hereby incorporated herein in their entirety by this reference. Capitalized terms not otherwise defined in this Agreement shall have the meaning given to such terms in the Program or the Plan.
