EXECUTIVE EMPLOYMENT AGREEMENTExecutive Employment Agreement • March 11th, 2013 • Nabors Industries LTD • Drilling oil & gas wells • Delaware
This Executive Employment Agreement (this “Agreement”) is made by and between Nabors Industries Ltd. (together with its successors and assigns permitted under this Agreement, “Nabors Bermuda”), Nabors Industries, Inc. (together with its successors and assigns permitted under this Agreement, “Nabors Delaware”) (Nabors Bermuda and Nabors Delaware collectively referred to herein as “the Company”), and Anthony G. Petrello (the “Executive”), effective as of January 1, 2013 (the “Effective Date”). Whenever there is a reference to an obligation of “Company” in this Agreement, that reference is to an obligation of Nabors Bermuda and Nabors Delaware jointly and severally.
STOCK BONUS AGREEMENT NABORS INDUSTRIES LTD.Stock Bonus Agreement • March 11th, 2013 • Nabors Industries LTD • Drilling oil & gas wells • Delaware
This Stock Bonus Agreement (“Stock Grant”) is effective the 7th day of March, 2013 (“Date of Grant”), between Nabors Industries Ltd. (“NIL” or the “Company”), Nabors Industries, Inc., the wholly-owned indirect subsidiary of the Company (“NII”) and Anthony G. Petrello (“Grantee”). Unless otherwise specified herein, all capitalized terms not defined herein shall have the meaning ascribed to such terms in the Nabors Industries Ltd. 2003 Employee Stock Plan, as amended (the “2003 Plan”).
TERMINATION AGREEMENTTermination Agreement • March 11th, 2013 • Nabors Industries LTD • Drilling oil & gas wells • Delaware
This Termination Agreement (this “Agreement”) is made on March , 2013 (the “Execution Date”) by and between Nabors Industries Ltd. (“Nabors Bermuda”), Nabors Industries, Inc. (“Nabors Delaware,” and, together with Nabors Bermuda, the “Company”) and Anthony G. Petrello (the “Executive”). The Company and the Executive are hereinafter collectively referred to as the “Parties,” and may individually be referred to as a “Party.”
