EMPLOYMENT AGREEMENTEmployment Agreement • October 9th, 2018 • Rowan Companies PLC • Drilling oil & gas wells • Texas
This Employment Agreement (“Agreement”), dated as of October 7, 2018 (the “Execution Date”) is made by and among (i) Rowan Companies, Inc., a Delaware corporation (“RCI”), ENSCO Global Resources Limited, a UK company (“Ensco UK”) and, solely for the purposes of guaranteeing the payments and obligations under this Agreement, Ensco plc, a public limited liability company organized under the Laws of England and Wales (together with any successor thereto, “Ensco” and along with its subsidiaries, the “Company”) and (ii) Dr. Thomas Burke (the “Executive”) (collectively referred to herein as the “Parties”).
Rowan and Ensco Agree to Combine Customer notesRowan Companies PLC • October 9th, 2018 • Drilling oil & gas wells
· What has occurred? Earlier today, we entered into definitive agreement to combine Rowan and Ensco in a merger of equals. Upon close:
