TRANSITION AND SEPARATION AGREEMENTTransition and Separation Agreement • July 15th, 2019 • Parker Drilling Co /De/ • Drilling oil & gas wells • Texas
THIS TRANSITION AND SEPARATION AGREEMENT (this “Agreement”), is made and entered into as of July 11, 2019 (the “Effective Date”), by and between Parker Drilling Company, a Delaware corporation (“PDC”), Parker Drilling Management Services Ltd., a Nevada corporation and wholly-owned subsidiary of PDC (“PDMS”), and Gary Rich (“Executive”). For purposes of this Agreement, PDC and PDMS shall be collectively referred to as the “Company”. The Company and Executive may sometimes hereafter be referred to singularly as a “Party” or collectively as the “Parties”. Defined terms shall have the meanings ascribed to them in Appendix A.
