Dual Employment Agreement Cancellation Letter between Civeo Corporation and Allan Schoening

Summary

Civeo Corporation and Allan Schoening have agreed to cancel their Dual Employment Agreements for Canada and the United States, effective September 30, 2021. These agreements, originally signed on July 17, 2015, are no longer valid. However, the Executive Change of Control Agreement between the parties, dated July 13, 2015 and amended July 20, 2020, remains active and unchanged by this cancellation.

EX-10.3 3 schoening-dualemploymentco.htm EX-10.3 Document


Three Allen Center 333 Clay Street, Suite 4980 Houston, Texas 77002 TEL 713 ###-###-#### FAX 713 ###-###-#### civeo.com

Exhibit 10.3


Date /						September 30, 2021
To /						Allan Schoening
RE /						Dual Employment Agreement Cancellations

This letter is to document our understanding and agreement that effective as of September 30, 2021, your Dual Employment Agreements for Canada and the United States, each entered into on July 17, 2015, will be cancelled and are of no further force and effect. The Executive Change of Control Agreement entered into by between Civeo Corporation and yourself originally dated as of July 13, 2015, as amended effective July 20, 2020, remains in full force and effect and is not affected by the cancellation of the Dual Employment Agreements.


/s/ Bradley J. Dodson						/s/ Allan Schoening
Bradley J. Dodson Chief Executive Officer and President Civeo Corporation						Allan Schoening

9/30/2021						9/30/2021
Date						Date