Re: Separation Agreement and ReleaseLetter Agreement • March 8th, 2019 • Dril-Quip Inc • Oil & gas field machinery & equipment • Texas
This letter agreement (this “Agreement”) confirms the terms and conditions concerning your retirement and separation from employment from the Company effective on March 1, 2019 (the “Separation Date”). For purposes of this Agreement, the “Company” means Dril-Quip, Inc. and any affiliate thereof, as well as their successors, assigns, officers, directors, employees and agents. You and the Company are sometimes referred to as the parties in this Agreement. For purposes of this Agreement, the parties agree that your retirement is a termination of employment without cause as described in Section 5(c) of the Employment Agreement between you and the Company dated December 8, 2011 (the “Employment Agreement”) and that this Agreement is the written Notice of Termination of your employment for purposes of the Employment Agreement. Capitalized terms not defined in this Agreement shall have the meaning given in the Employment Agreement.
