Common use of Employment and Term of Employment Clause in Contracts

Employment and Term of Employment. Subject to the terms and conditions of this Agreement, the Company hereby agrees to employ the Executive, and the Executive hereby agrees to serve the Company as Senior Vice President and General Manager-Onshore Division for a term (the "TERM OF EMPLOYMENT") beginning on the Effective Date and ending on the Expiration Date (defined below). As used herein, "EXPIRATION DATE" means the third anniversary of the Effective Date, provided that on the first anniversary of the Effective Date and on each subsequent anniversary of the Effective Date (such first anniversary date and each such subsequent anniversary date being referred to as a "RENEWAL DATE"), the Expiration Date shall be automatically extended one additional year unless, not less than ninety (90) days prior to the relevant Renewal Date, (i) either party shall have given written notice to the other that no such automatic extension shall occur after the date of such notice or (ii) either party shall have given a Notice of Termination to the other pursuant to Section 7 hereof. Notwithstanding the foregoing, if either party gives a valid Notice of Termination pursuant to Section 7 hereof, the Term of Employment shall not extend beyond the termination date specified in such Notice of Termination.

Employment and Term of Employment. Subject to the terms and conditions of this Agreement, the Company hereby agrees to employ the Executive, and the Executive hereby agrees to serve the Company Company, as Senior Vice President of Regulatory Affairs and General Manager-Onshore Division Quality Assurance for a term (the "TERM OF EMPLOYMENTTerm of Employment") beginning on the date first set forth above (the "Effective Date Date") and ending on the Expiration Date (defined below). As used hereinin this Agreement, "EXPIRATION DATEExpiration Date" means the third first anniversary of the Effective Date, provided that on the first anniversary of the Effective Date and on each subsequent anniversary of the Effective Date (such first anniversary date and each such subsequent anniversary date being referred to as a "RENEWAL DATERenewal Date"), the Expiration Date shall be automatically extended one additional year unless, not less than ninety (90) 10 days prior to the relevant Renewal Date, (i) either party shall have given written notice to the other that no such automatic extension shall occur after the date of such notice or (ii) either party shall have given a Notice of Termination to the other pursuant to Section 7 5 hereof. Notwithstanding the foregoing, if either party gives a valid Notice of Termination pursuant to Section 7 5 hereof, the Term of Employment shall not extend beyond the termination date specified in such Notice of Termination.

Employment and Term of Employment. Subject to the terms and conditions of this Agreement, the Company hereby agrees to employ the Executive, and the Executive hereby agrees to serve the Company as Senior Vice President and General Manager-Onshore Division of Exploration for a term (the "TERM OF EMPLOYMENT") beginning on the Effective Date and ending on the Expiration Date (defined below). As used herein, "EXPIRATION DATE" means the third anniversary of the Effective Date, provided that on the first anniversary of the Effective Date and on each subsequent anniversary of the Effective Date (such first anniversary date and each such subsequent anniversary date being referred to as a "RENEWAL DATE"), the Expiration Date shall be automatically extended one additional year unless, not less than ninety (90) days prior to the relevant Renewal Date, (i) either party shall have given written notice to the other that no such automatic extension shall occur after the date of such notice or (ii) either party shall have given a Notice of Termination to the other pursuant to Section 7 hereof. Notwithstanding the foregoing, if either party gives a valid Notice of Termination pursuant to Section 7 hereof, the Term of Employment shall not extend beyond the termination date specified in such Notice of Termination.

Employment and Term of Employment. Subject to the terms and conditions of this Agreement, the Company hereby agrees to employ the Executive, and the Executive hereby agrees to serve the Company Company, as Senior Vice President Controller and General Manager-Onshore Division Secretary for a term (the "TERM OF EMPLOYMENTTerm of Employment") beginning on the date first set forth above (the "Effective Date Date") and ending on the Expiration Date (defined below). As used hereinin this Agreement, "EXPIRATION DATEExpiration Date" means the third first anniversary of the Effective Date, provided that on the first anniversary of the Effective Date and on each subsequent anniversary of the Effective Date (such first anniversary date and each such subsequent anniversary date being referred to as a "RENEWAL DATERenewal Date"), the Expiration Date shall be automatically extended one additional year unless, not less than ninety (90) 10 days prior to the relevant Renewal Date, (i) either party shall have given written notice to the other that no such automatic extension shall occur after the date of such notice or (ii) either party shall have given a Notice of Termination to the other pursuant to Section 7 5 hereof. Notwithstanding the foregoing, if either party gives a valid Notice of Termination pursuant to Section 7 5 hereof, the Term of Employment shall not extend beyond the termination date specified in such Notice of Termination.

Employment and Term of Employment. Subject to the terms and conditions of this Agreement, the Company hereby agrees to employ the Executive, and the Executive hereby agrees to serve the Company as Senior Vice President and General Manager-Onshore Division President, Project Development for a term (the "TERM OF EMPLOYMENTTerm of Employment") beginning on the Effective Date (defined below) and ending on the Expiration Date (defined below). As used herein, "EXPIRATION DATEEffective Date" means the closing date of the offering of shares of Common Stock of the Company registered under the Securities Act of 1933 (as amended) pursuant to a Registration Statement on Form S-1 (Reg. No. 333-4437). As used in this Agreement, "Expiration Date" means the third anniversary of the Effective Date, provided that on the first anniversary of the Effective Date and on each subsequent anniversary of the Effective Date (such first anniversary date and each such subsequent anniversary date being referred to as a "RENEWAL DATERenewal Date"), the Expiration Date shall be automatically extended one additional year unless, not less than ninety (90) 60 days prior to the relevant Renewal Date, (i) either party shall have given written notice to the other that no such automatic extension shall occur after the date of such notice or (ii) either party shall have given a Notice of Termination to the other pursuant to Section 7 hereof. Notwithstanding the foregoing, if either party gives a valid Notice of Termination pursuant to Section 7 hereof, the Term of Employment shall not extend beyond the termination date specified in such Notice of Termination.

Employment and Term of Employment. Subject to the terms and conditions of this Agreement, the Company hereby agrees to employ the Executive, and the Executive hereby agrees to serve the Company as Senior Vice President - Human Resources and General Manager-Onshore Division Administration for a term (the "TERM OF EMPLOYMENT") beginning on the Effective Date and ending on the Expiration Date (defined below). As used herein, "EXPIRATION DATE" means the third anniversary of the Effective Date, provided that on the first anniversary of the Effective Date and on each subsequent anniversary of the Effective Date (such first anniversary date and each such subsequent anniversary date being referred to as a "RENEWAL DATE"), the Expiration Date shall be automatically extended one additional year unless, not less than ninety (90) days prior to the relevant Renewal Date, (i) either party shall have given written notice to the other that no such automatic extension shall occur after the date of such notice or (ii) either party shall have given a Notice of Termination to the other pursuant to Section 7 hereof. Notwithstanding the foregoing, if either party gives a valid Notice of Termination pursuant to Section 7 hereof, the Term of Employment shall not extend beyond the termination date specified in such Notice of Termination.

Employment and Term of Employment. Subject to the terms and conditions of this Agreement, the Company hereby agrees to employ the Executive, and the Executive hereby agrees to serve the Company as Senior Vice President and General Manager-Onshore Division Counsel for a term (the "TERM OF EMPLOYMENT"“Term of Employment”) beginning on the Effective Date and ending on the Expiration Date (defined below). As used herein, "EXPIRATION DATE" “Expiration Date” means the third anniversary of the Effective Date, provided that on the first anniversary of the Effective Date and on each subsequent anniversary of the Effective Date (such first anniversary date and each such subsequent anniversary date being referred to as a "RENEWAL DATE"“Renewal Date”), the Expiration Date shall be automatically extended one additional year unless, not less than ninety (90) days prior to the relevant Renewal Date, (i) either party shall have given written notice to the other that no such automatic extension shall occur after the date of such notice or (ii) either party shall have given a Notice of Termination to the other pursuant to Section 7 hereof. Notwithstanding the foregoing, if either party gives a valid Notice of Termination pursuant to Section 7 hereof, the Term of Employment shall not extend beyond the termination date specified in such Notice of Termination.

Employment and Term of Employment. Subject to the terms and conditions of this Agreement, the Company hereby agrees to employ the Executive, and the Executive hereby agrees to serve the Company as Senior Vice President and General Manager-Onshore Division Manager Offshore for a term (the "TERM OF EMPLOYMENT"“Term of Employment”) beginning on the Effective Date and ending on the Expiration Date (defined below). As used herein, "EXPIRATION DATE" “Expiration Date” means the third anniversary of the Effective Date, provided that on the first anniversary of the Effective Date and on each subsequent anniversary of the Effective Date (such first anniversary date and each such subsequent anniversary date being referred to as a "RENEWAL DATE"“Renewal Date”), the Expiration Date shall be automatically extended one additional year unless, not less than ninety (90) days prior to the relevant Renewal Date, (i) either party shall have given written notice to the other that no such automatic extension shall occur after the date of such notice or (ii) either party shall have given a Notice of Termination to the other pursuant to Section 7 hereof. Notwithstanding the foregoing, if either party gives a valid Notice of Termination pursuant to Section 7 hereof, the Term of Employment shall not extend beyond the termination date specified in such Notice of Termination.

Employment and Term of Employment. Subject to the terms and conditions of this Agreement, the Company hereby agrees to employ the Executive, and the Executive hereby agrees to serve the Company Company, as Senior Vice President and General Manager-Onshore Division of Medical Affairs for a term (the "TERM OF EMPLOYMENTTerm of Employment") beginning on the date first set forth above (the "Effective Date Date") and ending on the Expiration Date (defined below). As used hereinin this Agreement, "EXPIRATION DATEExpiration Date" means the third first anniversary of the Effective Date, provided that on the first anniversary of the Effective Date and on each subsequent anniversary of the Effective Date (such first anniversary date and each such subsequent anniversary date being referred to as a "RENEWAL DATERenewal Date"), the Expiration Date shall be automatically extended one additional year unless, not less than ninety (90) 10 days prior to the relevant Renewal Date, (i) either party shall have given written notice to the other that no such automatic extension shall occur after the date of such notice or (ii) either party shall have given a Notice of Termination to the other pursuant to Section 7 5 hereof. Notwithstanding the foregoing, if either party gives a valid Notice of Termination pursuant to Section 7 5 hereof, the Term of Employment shall not extend beyond the termination date specified in such Notice of Termination.

Employment and Term of Employment. Subject to the terms and conditions of this Agreement, the Company hereby agrees to employ the Executive, and the Executive hereby agrees to serve the Company Company, as Senior Vice President President, Pharmaceutical Development and General Manager-Onshore Division Operations for a term (the "TERM OF EMPLOYMENTTerm of Employment") beginning on the date first set forth above (the "Effective Date Date") and ending on the Expiration Date (defined below). As used hereinin this Agreement, "EXPIRATION DATEExpiration Date" means the third first anniversary of the Effective Date, provided that on the first anniversary of the Effective Date and on each subsequent anniversary of the Effective Date (such first anniversary date and each such subsequent anniversary date being referred to as a "RENEWAL DATERenewal Date"), the Expiration Date shall be automatically extended one additional year unless, not less than ninety (90) 10 days prior to the relevant Renewal Date, (i) either party shall have given written notice to the other that no such automatic extension shall occur after the date of such notice or (ii) either party shall have given a Notice of Termination to the other pursuant to Section 7 5 hereof. Notwithstanding the foregoing, if either party gives a valid Notice of Termination pursuant to Section 7 5 hereof, the Term of Employment shall not extend beyond the termination date specified in such Notice of Termination.

Employment and Term of Employment. Subject to the terms and conditions of this Agreement, the Company hereby agrees to employ the Executive, and the Executive hereby agrees to serve the Company as Senior Vice President and General Manager-Onshore Division Chief Financial Officer for a term (the "TERM OF EMPLOYMENT"“Term of Employment”) beginning on the Effective Date and ending on the Expiration Date (defined below). As used herein, "EXPIRATION DATE" “Expiration Date” means the third anniversary of the Effective Date, provided that on the first anniversary of the Effective Date and on each subsequent anniversary of the Effective Date (such first anniversary date and each such subsequent anniversary date being referred to as a "RENEWAL DATE"“Renewal Date”), the Expiration Date shall be automatically extended one additional year unless, not less than ninety (90) days prior to the relevant Renewal Date, (i) either party shall have given written notice to the other that no such automatic extension shall occur after the date of such notice or (ii) either party shall have given a Notice of Termination to the other pursuant to Section 7 9 hereof. Notwithstanding the foregoing, if either party gives a valid Notice of Termination pursuant to Section 7 9 hereof, the Term of Employment shall not extend beyond the termination date specified in such Notice of Termination.

Employment and Term of Employment. Subject to the terms and conditions of this Agreement, the Company hereby agrees to employ the Executive, and the Executive hereby agrees to serve the Company Company, as Senior Vice President President, Preclinical Research and General Manager-Onshore Division Development for a term (the "TERM OF EMPLOYMENTTerm of Employment") beginning on the date first set forth above (the "Effective Date Date") and ending on the Expiration Date (defined below). As used hereinin this Agreement, "EXPIRATION DATEExpiration Date" means the third first anniversary of the Effective Date, provided that on the first anniversary of the Effective Date and on each subsequent anniversary of the Effective Date (such first anniversary date and each such subsequent anniversary date being referred to as a "RENEWAL DATERenewal Date"), the Expiration Date shall be automatically extended one additional year unless, not less than ninety (90) 10 days prior to the relevant Renewal Date, (i) either party shall have given written notice to the other that no such automatic extension shall occur after the date of such notice or (ii) either party shall have given a Notice of Termination to the other pursuant to Section 7 5 hereof. Notwithstanding the foregoing, if either party gives a valid Notice of Termination pursuant to Section 7 5 hereof, the Term of Employment shall not extend beyond the termination date specified in such Notice of Termination.

Employment and Term of Employment. Subject to the terms and conditions of this Agreement, the Company hereby agrees to employ the Executive, and the Executive hereby agrees to serve the Company as Senior Vice President and General Manager-Onshore Division Chief Accounting Officer for a term (the "TERM OF EMPLOYMENT"“Term of Employment”) beginning on the Effective Date and ending on the Expiration Date (defined below). As used herein, "EXPIRATION DATE" “Expiration Date” means the third anniversary of the Effective Date, provided that on the first anniversary of the Effective Date and on each subsequent anniversary of the Effective Date (such first anniversary date and each such subsequent anniversary date being referred to as a "RENEWAL DATE"“Renewal Date”), the Expiration Date shall be automatically extended one additional year unless, not less than ninety (90) days prior to the relevant Renewal Date, (i) either party shall have given written notice to the other that no such automatic extension shall occur after the date of such notice or (ii) either party shall have given a Notice of Termination to the other pursuant to Section 7 9 hereof. Notwithstanding the foregoing, if either party gives a valid Notice of Termination pursuant to Section 7 9 hereof, the Term of Employment shall not extend beyond the termination date specified in such Notice of Termination.

Employment and Term of Employment. Subject to the terms and conditions of this Agreement, the Company hereby agrees to employ the Executive, and the Executive hereby agrees to serve the Company as Senior Vice President and General Manager-Onshore Division of Administration for a term (the "TERM OF EMPLOYMENT"“Term of Employment”) beginning on the Effective Date and ending on the Expiration Date (defined below). As used herein, "EXPIRATION DATE" “Expiration Date” means the third anniversary of the Effective Date, provided that on the first anniversary of the Effective Date and on each subsequent anniversary of the Effective Date (such first anniversary date and each such subsequent anniversary date being referred to as a "RENEWAL DATE"“Renewal Date”), the Expiration Date shall be automatically extended one additional year unless, not less than ninety (90) days prior to the relevant Renewal Date, (i) either party shall have given written notice to the other that no such automatic extension shall occur after the date of such notice or (ii) either party shall have given a Notice of Termination to the other pursuant to Section 7 9 hereof. Notwithstanding the foregoing, if either party gives a valid Notice of Termination pursuant to Section 7 9 hereof, the Term of Employment shall not extend beyond the termination date specified in such Notice of Termination.

Employment and Term of Employment. Subject to the terms and conditions of this Agreement, the Company hereby agrees to employ the Executive, and the Executive hereby agrees to serve the Company as Senior Executive Vice President and General Manager-Onshore Division Chief Operating Officer for a term (the "TERM OF EMPLOYMENT"“Term of Employment”) beginning on the Effective Date and ending on the Expiration Date (defined below). As used herein, "EXPIRATION DATE" “Expiration Date” means the third anniversary of the Effective Date, provided that on the first anniversary of the Effective Date and on each subsequent anniversary of the Effective Date (such first anniversary date and each such subsequent anniversary date being referred to as a "RENEWAL DATE"“Renewal Date”), the Expiration Date shall be automatically extended one additional year unless, not less than ninety (90) days prior to the relevant Renewal Date, (i) either party shall have given written notice to the other that no such automatic extension shall occur after the date of such notice or (ii) either party shall have given a Notice of Termination to the other pursuant to Section 7 9 hereof. Notwithstanding the foregoing, if either party gives a valid Notice of Termination pursuant to Section 7 9 hereof, the Term of Employment shall not extend beyond the termination date specified in such Notice of Termination.

Employment and Term of Employment. Subject to the terms and conditions of this Agreement, the Company hereby agrees to employ the Executive, and the Executive hereby agrees to serve the Company as Senior Vice President and General Manager-Onshore Division [ ] for a term (the "TERM OF EMPLOYMENT"“Term of Employment”) beginning on the Effective Date and ending on the Expiration Date (defined below). As used herein, "EXPIRATION DATE" “Expiration Date” means the third anniversary of the Effective Date, provided that on the first anniversary of the Effective Date and on each subsequent anniversary of the Effective Date (such first anniversary date and each such subsequent anniversary date being referred to as a "RENEWAL DATE"“Renewal Date”), the Expiration Date shall be automatically extended one additional year unless, not less than ninety (90) days prior to the relevant Renewal Date, (i) either party shall have given written notice to the other that no such automatic extension shall occur after the date of such notice or (ii) either party shall have given a Notice of Termination to the other pursuant to Section 7 9 hereof. Notwithstanding the foregoing, if either party gives a valid Notice of Termination pursuant to Section 7 9 hereof, the Term of Employment shall not extend beyond the termination date specified in such Notice of Termination.

Employment and Term of Employment. Subject to the terms and conditions of this Agreement, the Company hereby agrees to employ the Executive, and the Executive hereby agrees to serve the Company as Senior Vice President and General ManagerPresident-Onshore Division Land for a term (the "TERM OF EMPLOYMENT") beginning on the Effective Date and ending on the Expiration Date (defined below). As used herein, "EXPIRATION DATE" means the third anniversary of the Effective Date, provided that on the first anniversary of the Effective Date and on each subsequent anniversary of the Effective Date (such first anniversary date and each such subsequent anniversary date being referred to as a "RENEWAL DATE"), the Expiration Date shall be automatically extended one additional year unless, not less than ninety (90) days prior to the relevant Renewal Date, (i) either party shall have given written notice to the other that no such automatic extension shall occur after the date of such notice or (ii) either party shall have given a Notice of Termination to the other pursuant to Section 7 hereof. Notwithstanding the foregoing, if either party gives a valid Notice of Termination pursuant to Section 7 hereof, the Term of Employment shall not extend beyond the termination date specified in such Notice of Termination.

Employment and Term of Employment. Subject to the terms and conditions of this Agreement, the Company hereby agrees to employ the Executive, and the Executive hereby agrees to serve the Company as Senior Vice President and General Manager-Onshore Division Chief Executive Officer for a term (the "TERM OF EMPLOYMENTTerm of Employment") beginning on the Effective Date and ending on the Expiration Date (defined below). As used hereinin this Agreement, "EXPIRATION DATEExpiration Date" means the third anniversary of the Effective Date, provided that on the first anniversary of the Effective Date and on each subsequent anniversary of the Effective Date (such first anniversary date and each such subsequent anniversary date being referred to as a "RENEWAL DATERenewal Date"), the Expiration Date Date, shall be automatically extended one additional year unless, not less than ninety (90) 90 days prior to the relevant Renewal Date, (i) either party shall have given written notice to the other that no such automatic extension shall occur after the date of such notice or (ii) either party shall have given a Notice of Termination to the other pursuant to Section 7 hereof. Notwithstanding the foregoing, if either party gives a valid Notice of Termination pursuant to Section 7 hereof, the Term of Employment shall not extend beyond the termination date specified in such Notice of Termination.

Employment and Term of Employment. Subject to the terms and conditions of this Agreement, the Company hereby agrees to employ the Executive, and the Executive hereby agrees to serve the Company as Senior Vice President and General Manager-Onshore Division President, Geophysics for a term (the "TERM OF EMPLOYMENTTerm of Employment") beginning on the Effective Date (defined below) and ending on the Expiration Date (defined below). As used herein, "EXPIRATION DATEEffective Date" means May 1, 1998. As used in this Agreement, "Expiration Date" means the third anniversary of the Effective Date, provided that on the first anniversary of the Effective Date and on each subsequent anniversary of the Effective Date (such first anniversary date and each such subsequent anniversary date being referred to as a "RENEWAL DATERenewal Date"), the Expiration Date shall be automatically extended one additional year unless, not less than ninety (90) 60 days prior to the relevant Renewal Date, (i) either party shall have given written notice to the other that no such automatic extension shall occur after the date of such notice or (ii) either party shall have given a Notice of Termination to the other pursuant to Section 7 hereof. Notwithstanding the foregoing, if either party gives a valid Notice of Termination pursuant to Section 7 hereof, the Term of Employment shall not extend beyond the termination date specified in such Notice of Termination.

Employment and Term of Employment. Subject to the terms and conditions of this Agreement, the Company hereby agrees to employ the Executive, and the Executive hereby agrees to serve the Company as Senior Vice President and General Manager-Onshore Division Corporate Development for a term (the "TERM OF EMPLOYMENT"“Term of Employment”) beginning on the Effective Date and ending on the Expiration Date (defined below). As used herein, "EXPIRATION DATE" “Expiration Date” means the third anniversary of the Effective Date, provided that on the first anniversary of the Effective Date and on each subsequent anniversary of the Effective Date (such first anniversary date and each such subsequent anniversary date being referred to as a "RENEWAL DATE"“Renewal Date”), the Expiration Date shall be automatically extended one additional year unless, not less than ninety (90) days prior to the relevant Renewal Date, (i) either party shall have given written notice to the other that no such automatic extension shall occur after the date of such notice or (ii) either party shall have given a Notice of Termination to the other pursuant to Section 7 hereof. Notwithstanding the foregoing, if either party gives a valid Notice of Termination pursuant to Section 7 hereof, the Term of Employment shall not extend beyond the termination date specified in such Notice of Termination.

Employment and Term of Employment. Subject to the terms and conditions of this Agreement, the Company hereby agrees to employ the Executive, and the Executive hereby agrees to serve the Company as Senior Vice President and General Manager-Manager Onshore Division for a term (the "TERM OF EMPLOYMENT"“Term of Employment”) beginning on the Effective Date and ending on the Expiration Date (defined below). As used herein, "EXPIRATION DATE" “Expiration Date” means the third anniversary of the Effective Date, provided that on the first anniversary of the Effective Date and on each subsequent anniversary of the Effective Date (such first anniversary date and each such subsequent anniversary date being referred to as a "RENEWAL DATE"“Renewal Date”), the Expiration Date shall be automatically extended one additional year unless, not less than ninety (90) days prior to the relevant Renewal Date, (i) either party shall have given written notice to the other that no such automatic extension shall occur after the date of such notice or (ii) either party shall have given a Notice of Termination to the other pursuant to Section 7 hereof. Notwithstanding the foregoing, if either party gives a valid Notice of Termination pursuant to Section 7 hereof, the Term of Employment shall not extend beyond the termination date specified in such Notice of Termination.

Employment and Term of Employment. Subject to the terms and conditions of this Agreement, the Company hereby agrees to employ the Executive, and the Executive hereby agrees to serve the Company as Senior Vice President and General Manager-Onshore Division Chief Financial Officer for a term (the "TERM OF EMPLOYMENT") beginning on the Effective Date and ending on the Expiration Date (defined below). As used herein, "EXPIRATION DATE" means the third anniversary of the Effective Date, provided that on the first anniversary of the Effective Date and on each subsequent anniversary of the Effective Date (such first anniversary date and each such subsequent anniversary date being referred to as a "RENEWAL DATE"), the Expiration Date shall be automatically extended one additional year unless, not less than ninety (90) days prior to the relevant Renewal Date, (i) either party shall have given written notice to the other that no such automatic extension shall occur after the date of such notice or (ii) either party shall have given a Notice of Termination to the other pursuant to Section 7 hereof. Notwithstanding the foregoing, if either party gives a valid Notice of Termination pursuant to Section 7 hereof, the Term of Employment shall not extend beyond the termination date specified in such Notice of Termination.

Employment and Term of Employment. Subject to the terms and conditions of this Agreement, the Company hereby agrees to employ the Executive, and the Executive hereby agrees to serve as Chief Executive Officer of the Company as Senior Vice President and General Manager-Onshore Division for a term (the "TERM OF EMPLOYMENT"“Term of Employment”) beginning on the Effective Date and ending on the Expiration Date (defined below). As used herein, "EXPIRATION DATE" “Expiration Date” means the third anniversary of the Effective Date, provided that on the first anniversary of the Effective Date and on each subsequent anniversary of the Effective Date (such first anniversary date and each such subsequent anniversary date being referred to as a "RENEWAL DATE"“Renewal Date”), the Expiration Date shall be automatically extended one additional year unless, not less than ninety (90) days prior to the relevant Renewal Date, (i) either party shall have given written notice to the other that no such automatic extension shall occur after the date of such notice or (ii) either party shall have given a Notice of Termination to the other pursuant to Section 7 9 hereof. Notwithstanding the foregoing, if either party gives a valid Notice of Termination pursuant to Section 7 9 hereof, the Term of Employment shall not extend beyond the termination date specified in such Notice of Termination.

Employment and Term of Employment. Subject to the terms and conditions of this Agreement, the Company hereby agrees to employ the Executive, and the Executive hereby agrees to serve the Company as Senior Vice President and General Manager-Onshore Division & Chief Financial Officer for a term (the "TERM OF EMPLOYMENT"“Term of Employment”) beginning on the Effective Date and ending on the Expiration Date (defined below). As used herein, "EXPIRATION DATE" “Expiration Date” means the third anniversary of the Effective Date, provided that on the first anniversary of the Effective Date and on each subsequent anniversary of the Effective Date (such first anniversary date and each such subsequent anniversary date being referred to as a "RENEWAL DATE"“Renewal Date”), the Expiration Date shall be automatically extended one additional year unless, not less than ninety (90) days prior to the relevant Renewal Date, (i) either party shall have given written notice to the other that no such automatic extension shall occur after the date of such notice or (ii) either party shall have given a Notice of Termination to the other pursuant to Section 7 hereof. Notwithstanding the foregoing, if either party gives a valid Notice of Termination pursuant to Section 7 hereof, the Term of Employment shall not extend beyond the termination date specified in such Notice of Termination.