TIME-VESTED RESTRICTED STOCK UNIT AWARDTime-Vested Restricted Stock Unit Award • February 25th, 2015 • Paragon Offshore PLC • Drilling oil & gas wells • Texas
THIS AWARD AGREEMENT (“Agreement”), made as of the __________ day of ___________, 2015 (the “Grant Date”), by Paragon Offshore plc, a public limited company incorporated under the laws of England and Wales (the “Company”) evidences the Award (as defined in the Paragon Offshore plc 2014 Employee Omnibus Incentive Plan (the “Plan”)) of time-vested restricted stock units awarded hereunder to _______________ (“Employee”) and sets forth the restrictions, terms and conditions that apply thereto.
