Separation and Release AgreementRelease Agreement • November 2nd, 2021 • Valaris LTD • Drilling oil & gas wells • Texas
This Release Agreement (this “Release Agreement”) is entered into as of the date set forth below by and between Jonathan Baksht, an individual (“Employee”), and Valaris Limited, an exempted company incorporated under the laws of the Bermuda (the “Company”). Capitalized terms used herein that are not otherwise defined shall have the meaning ascribed to such terms in the Valaris Executive Severance Plan (the “Severance Plan”).
August 18, 2021 Anton Dibowitz Dear Anton,Valaris LTD • November 2nd, 2021 • Drilling oil & gas wells • Texas
On behalf of Valaris Limited (“Valaris”), I am pleased to provide you with this letter agreement (this “Agreement”) memorializing the terms of your employment with Valaris or one of its subsidiaries to serve as Interim Chief Executive Officer of Valaris, effective as of September 3, 2021.
August 18, 2021 Darin Gibbins Dear Darin,Valaris LTD • November 2nd, 2021 • Drilling oil & gas wells • Texas
On behalf of Valaris Limited (“Valaris”), I am pleased to provide you with this letter agreement (this “Agreement”) memorializing the terms of your employment with Valaris or one of its subsidiaries to serve as Interim Chief Financial Officer of Valaris, effective as of September 3, 2021.
