Term from Separation Agreement and Release
THIS SEPARATION AGREEMENT AND RELEASE (this Agreement) is made by and between BRISTOW GROUP, INC., a Delaware corporation (Company), and RANDALL A. STAFFORD (Executive) this 25th day of June, 2012 (Effective Date). Company and Executive are sometimes referred to collectively as the Parties or individually as a Party.
Term. This Agreement shall commence on July 1, 2012, and shall continue in effect through August 31, 2012; provided, however, such term may be extended thereafter by mutual agreement of the parties or terminated at any time by written notice from the COMPANY to the CONSULTANT. The COMPANY and the CONSULTANT agree that notwithstanding the commencement of this Agreement on July 1, 2012, CONSULTANT shall not be available to provide Consultant Services on a full-time basis until July 12, 2012.