EMPLOYEE BENEFITS AGREEMENTEmployee Benefits Agreement • October 31st, 2014 • Nabors Red Lion LTD • Oil & gas field services, nec
This Employee Benefits Agreement, dated as of [·], 2014, is entered into by and between Nabors Industries Ltd., a Bermuda exempted Company (“Navy”), Nabors Red Lion Limited, a Bermuda exempted Company and currently a wholly owned Subsidiary of Navy (“Red Lion”), and C&J Energy Services, Inc., a Delaware corporation (“Penny,” and together with Navy and Red Lion, the “Parties”), effective as between Navy and Red Lion at the Separation Time and effective as among all the Parties at the Effective Time (as defined below).
