ATWOOD OCEANICS, INC. LETTERHEAD]Continuation Agreement • May 30th, 2012 • Atwood Oceanics Inc • Drilling oil & gas wells • Texas
As a full-time key employee of Atwood Oceanics, Inc. (the “Company”), the Board of Directors of the Company has designated you as an “Executive” eligible for deferred compensation in accordance with the terms and conditions of the Atwood Oceanics, Inc. Salary Continuation Plan (the “Plan”). The Plan provides for payments of deferred compensation in the event of your death while actively employed, all in accordance with the terms and conditions of the Plan and this Salary Continuation Agreement, which is being entered into to memorialize your eligibility for a benefit under the Plan. This Salary Continuation Agreement supersedes any previous salary continuation agreement between you and the Company and supersedes any other oral or written agreement or understanding regarding your participation in the Plan.
EXECUTIVE CHANGE OF CONTROL AGREEMENTExecutive Change of Control Agreement • May 30th, 2012 • Atwood Oceanics Inc • Drilling oil & gas wells • Texas
THIS EXECUTIVE CHANGE OF CONTROL AGREEMENT (this “Agreement”) is entered into as of [date] (the “Effective Date”), by and between Atwood Oceanics, Inc., a Texas corporation (the “Company”), and [name] (the “Executive”). The parties agree as follows:
