GENERAL RELEASE AGREEMENT
1. I acknowledge that my employment with Noble Drilling Services Inc. (Noble) ended on February 6, 2020, and that I have received all wages to which I am entitled. I understand that I am eligible to receive the following Special Separation Benefit from Noble: (i) a gross lump-sum payment of $286,666.67, which is equivalent to my regular base salary for eight months and is subject to all withholdings and payroll deductions required by law; (ii) a gross lump-sum payment of $479,000.00, less withholdings and payroll deductions as required by law; and (iii) if I timely elect to continue my group health insurance coverage under COBRA, payment by Noble of the premiums for such coverage for six months beginning March 1, 2020. I understand that as a condition of receiving the Special Separation Benefit to which I am not otherwise entitled, I must sign this General Release Agreement (the Agreement) and not revoke my acceptance. I further understand that the lump-sum portion described in subpart (i) of the Special Separation Benefit constitutes wages in lieu of notice.
2. In exchange for the Special Separation Benefit, I release, acquit, and forever discharge (i) Noble, (ii) any parent, subsidiary, or affiliated entity of Noble, (iii) any current or former officer, stockholder, member, director, partner, agent, manager, employee, representative, insurer, or attorney of the entities described in (i) or (ii), (iv) any employee benefit plan sponsored or administered by any person or entity described in (i), (ii), or (iii), and (v) any successor or assign of any person or entity described in (i), (ii), (iii), or (iv) (collectively, the Noble Parties) from, and waive to the maximum extent permitted by applicable law, any and all claims, liabilities, demands, and causes of action of whatever character, whether known or unknown, fixed or contingent, or vicarious, derivative, or direct, that I may have or claim against Noble or any of the other Noble Parties. I understand that this general release includes, but is not limited to, any and all claims arising under federal, state, or local laws prohibiting employment discrimination, including the Age Discrimination in Employment Act, or other claims growing out of, resulting from, or connected in any way with my employment with Noble or the ending of my employment with Noble. I understand that this Agreement does not waive any rights or claims against Noble or any of the other Noble Parties that may arise after the date I sign it.
3. I understand that I may accept the terms of this Agreement by initialing all four pages in the bottom-right corner, signing and dating the fourth page, and returning all pages of this Agreement to Tom Madden, Vice President & General Manager Administration, by email at ***@*** no later than February 27, 2020, which I acknowledge is at least 21 days from the date I first received it. I further understand that if I am unable to email the signed Agreement, I may mail it to Tom Madden at 13135 South Dairy Ashford, Suite 800, Sugar Land, Texas 77478, so long as it is postmarked no later than February 27, 2020. I represent and warrant that, except for modifications expressly agreed to by Noble, I have not modified this Agreement as it was originally presented to me, and that any modifications to this Agreement, whether material or immaterial, made by Noble and me after it was originally presented to me do not extend or restart the period for me to consider and accept this Agreement.
4. I understand that the terms of this Agreement will become effective and enforceable on the eighth day after I sign it, unless before then I revoke my acceptance in writing and deliver my written revocation to Tom Madden at the email or address listed above, in which case I will not be entitled to receive the Special Separation Benefit. I further understand that Noble will pay the lump-sum portions of the Special Separation Benefit to me no later than ten business days after this Agreement becomes effective and enforceable. I acknowledge and agree that Noble has no legal obligation to provide the Special Separation Benefit offered to me. Signing this Agreement constitutes my agreement to all terms and conditions set forth in it and is in consideration of Nobles agreement to provide the Special Separation Benefit.