Common use of Employee Acknowledgements Clause in Contracts

Employee Acknowledgements. The Employee hereby acknowledges and fully understands: their rights and obligations under this Agreement; the terms and conditions of this Agreement are fair, reasonable and necessary to protect the Employer’s and Employee’s interests; they have been given reasonable opportunity to obtain independent legal advice; the sections of this Agreement which deal with the termination of their employment and specifically waives their right to common law reasonable notice or pay in lieu of notice of termination or any other common law entitlements which may otherwise be afforded to them upon termination; and they have received or will receive (after signing this Agreement) sufficient consideration in exchange for entering into this Agreement. On behalf of <Organization Name>, we congratulate you on attaining this position, and look forward to welcoming you to our organization. We are confident that your knowledge, skills, and experience will be valuable assets. Sincerely yours, <Insert Name> <Insert Title> <Organization Name> I _________________________ hereby accept the terms and conditions of this Agreement and acknowledge that this document establishes the terms and conditions of my employment. I have been provided with a reasonable opportunity to obtain independent advice before agreeing to the terms in this Agreement, and I am entering into this Agreement voluntarily. I agree that this Agreement constitutes the entire Agreement between me and the Employer, and that no other representations, promises or warranties have been relied upon. I confirm that I have not been asked by the Employer to disclose any confidential information available to me through my previous employment, and that I am not subject to any contractual terms or restrictions that would interfere with my ability to perform the duties and responsibilities of this position with the Employer, and I hereby agree to indemnify and save harmless the Employer from any and all claims or demands related to any such contractual terms or restrictions. Date: Signature:

Employee Acknowledgements. The Employee hereby acknowledges You acknowledge and fully understandsagree that: their rights (i) during your employment the Company provided you with access to Confidential Information of the Company and obligations under this Agreementspecialized knowledge concerning any business in which the Company was engaged at any time in the two years preceding the Separation Date (as described in the Forms 10-K and 10-Q of Rowan), including the provision of international and domestic contract drilling services and the production of equipment for the drilling, mining, steel and timber industries (collectively, the “Company Business”); (ii) the Company is and will continue to be engaged in the Company Business; (iii) during your employment you were one of a limited number of persons that were primarily responsible for the conduct, management, operation, and development of the Company Business; (iv) the Company is and will be actively engaged in the Company Business, throughout the United States, Europe, and elsewhere; (v) during your employment you occupied a position of trust and confidence with the Company, and were familiar with the Company’s Confidential Information; (vi) the terms and conditions set forth in the confidentiality, non-solicitation and non-disparagement provisions of this Agreement (the “Post-Employment Obligations”) are fair, reasonable and necessary constitute an otherwise enforceable agreement to protect which the Employer’s and Employee’s interestsPost-Employment Obligations are ancillary or a part of as contemplated by Tex. Bus. & Com. Code Xxx. sections 15.50-15.52; they have been (vii) the consideration given reasonable opportunity to obtain independent legal advice; by the sections of Company under this Agreement which deal for the Post-Employment Obligations, including, without limitation, the access to Confidential Information and specialized knowledge, are not illusory and give rise to the Company’s interest in restraining and prohibiting you from engaging in the activities prohibited by the Post-Employment Obligations and your promise not to engage in the activities prohibited by the Post-Employment Obligations is designed to enforce your return promises, including your promise to not use or disclose Confidential Information of the Company; and (viii) compliance with the termination of their employment and specifically waives their right to common law reasonable notice or pay in lieu of notice of termination or any other common law entitlements which may otherwise be afforded to them upon termination; and they have received or will receive (after signing this Agreement) sufficient consideration in exchange for entering into this Agreement. On behalf of <Organization Name>, we congratulate you on attaining this position, and look forward to welcoming you to our organization. We are confident that your knowledge, skills, and experience will be valuable assets. Sincerely yours, <Insert Name> <Insert Title> <Organization Name> I _________________________ hereby accept the terms and conditions of this Agreement and acknowledge that this document establishes the terms and conditions of my employment. I have been provided with Post-Employment Obligations is a reasonable opportunity to obtain independent advice before agreeing condition precedent to the terms in this AgreementCompany’s obligation to make payments of any nature to you, and I am entering into this Agreement voluntarily. I agree that this Agreement constitutes the entire Agreement between me and the Employer, and that no other representations, promises or warranties have been relied upon. I confirm that I have not been asked by the Employer to disclose any confidential information available to me through my previous employment, and that I am not subject to any contractual terms or restrictions that would interfere with my ability to perform the duties and responsibilities of this position with the Employer, and I hereby agree to indemnify and save harmless the Employer from any and all claims or demands related to any such contractual terms or restrictions. Date: Signature:other provisions hereof.

Employee Acknowledgements. The Employee hereby acknowledges and fully understands: their rights and obligations under this Agreement; the terms and conditions of this Agreement are fair, reasonable and necessary to protect the Employer’s and Employee’s interests; they have been given reasonable opportunity to obtain independent legal advice; the sections of this Agreement which deal with the termination of their employment and specifically waives their right to common law reasonable notice or pay in lieu of notice of termination or any other common law entitlements which may otherwise be afforded to them upon termination; and they have received or will receive (after signing this Agreement) sufficient consideration in exchange for entering into this Agreement. On behalf of <Organization Name>, we congratulate you on attaining this position, and look forward to welcoming you to continuing our organizationemployment relationship. We are confident that your knowledge, skills, and experience will continue to be valuable assets. Sincerely yours, <Insert Name> <Insert Title> <Organization Name> I _________________________ hereby accept the terms and conditions of this Agreement and acknowledge that this document establishes the terms and conditions of my employment. I have been provided with a reasonable opportunity to obtain independent advice before agreeing to the terms in this Agreement, and I am entering into this Agreement voluntarily. I agree that this Agreement constitutes the entire Agreement between me and the Employer, and that no other representations, promises or warranties have been relied upon. I confirm that I have not been asked by the Employer to disclose any confidential information available to me through my previous employment, and that I am not subject to any contractual terms or restrictions that would interfere with my ability to perform the duties and responsibilities of this position with the Employer, and I hereby agree to indemnify and save harmless the Employer from any and all claims or demands related to any such contractual terms or restrictions. Date: Signature:

Employee Acknowledgements. The Employee hereby acknowledges and fully understands: their rights and obligations under this Agreement; the terms and conditions of this Agreement are fair, reasonable and necessary to protect the Employer’s and Employee’s interests; they have been given reasonable opportunity to obtain independent legal advice; the sections of this Agreement which deal with the termination of their employment and specifically waives their right to common law reasonable notice or pay in lieu of notice of termination or any other common law entitlements which may otherwise be afforded to them upon termination; and they have received or will receive (after signing this Agreement) sufficient consideration in exchange for entering into this Agreement. On behalf of <Organization Name>, we congratulate you on attaining this position, and look forward to welcoming you to continuing our organizationemployment arrangement. We are confident that your knowledge, skills, and experience will continue to be valuable assets. Sincerely yours, <Insert Name> <Insert Title> <Organization Name> I _________________________ hereby accept the terms and conditions of this Agreement and acknowledge that this document establishes the terms and conditions of my employment. I have been provided with a reasonable opportunity to obtain independent advice before agreeing to the terms in this Agreement, and I am entering into this Agreement voluntarily. I agree that this Agreement constitutes the entire Agreement between me and the Employer, and that no other representations, promises or warranties have been relied upon. I confirm that I have not been asked by the Employer to disclose any confidential information available to me through my previous employment, and that I am not subject to any contractual terms or restrictions that would interfere with my ability to perform the duties and responsibilities of this position with the Employer, and I hereby agree to indemnify and save harmless the Employer from any and all claims or demands related to any such contractual terms or restrictions. Date: Signature: