As of November 9, 2016Employment Agreement • November 15th, 2016 • Paragon Offshore PLC • Drilling oil & gas wells • Texas
This letter agreement will serve to memorialize the key terms of your employment with Paragon Offshore Services LLC (the “Company”) in the capacity of interim President and Chief Executive Officer of the Company and of Paragon Offshore plc (“Interim CEO”) and supersedes any previous employment agreements you may have had with the Company. As the Interim CEO, you shall have the duties, authorities and responsibilities commensurate with the duties, authorities and responsibilities of persons in similar capacities in similarly sized companies, and such other duties, authorities and responsibilities as may reasonably be assigned to you that are not inconsistent with your position as the Interim CEO. This position will be based in Houston, Texas, provided that you understand you may be required to travel from time to time for business purposes. As the Interim CEO, you will report directly to the Board of Directors of Paragon Offshore plc (the “Board”).
