ContractTerm Incentive Plan Performance Unit Award Agreement Terms and Conditions • November 6th, 2009 • Ensco International Inc • Drilling oil & gas wells
Exhibit 10.7 ENSCO INTERNATIONAL INCORPORATED 2005 LONG-TERM INCENTIVE PLAN PERFORMANCE UNIT AWARD AGREEMENT TERMS AND CONDITIONS The Board of Directors (the "Board") of Ensco International Incorporated, a Delaware corporation (the "Company"), has determined that it is in the best interests of the Company and its stockholders to provide additional incentive to selected Employees of the Company and the Subsidiaries of the Company to continue in the employ of the Company or its Subsidiaries. Accordingly, the Nominating, Governance and Compensation Committee of the Board (the "Committee") has adopted the revised and restated Ensco International Incorporated 2005 Long-Term Incentive Plan (the "Plan") pursuant to which Performance Unit Awards may be granted. In furtherance of the purposes of the Plan and pursuant thereto, the Executive Compensation Subcommittee of the Committee has granted a Performance Unit Award to the Participant as specifically described in the Terms and Condition
