November 4, 2013Separation Agreement • February 25th, 2014 • Weatherford International Ltd./Switzerland • Drilling oil & gas wells
For purposes of your Employment Agreement, Assignment Letters and Awards, and as agreed by you and Weatherford, the termination of your employment relationship is effective as of the Separation Date.
September 11, 2013Separation Agreement • February 25th, 2014 • Weatherford International Ltd./Switzerland • Drilling oil & gas wells
Regarding your separation from service from Weatherford International Ltd. and its subsidiaries (“Weatherford”), which will become effective at the close of business on September 11, 2013 (the “Separation Date”), and in full, complete and final settlement of all amounts owed by Weatherford to you under Section 5 of your Employment Agreement with Weatherford, dated March 23, 2011, (your “Employment Agreement”), and various award agreements covering as yet unvested equity awards granted to you (“Awards”), Weatherford will provide you the benefits outlined in this letter.
