Document:

EX-10.13

 Exhibit 10.13 

INDEMNITY AGREEMENT 
 This
Indemnity Agreement (this “Agreement”) is made by and between                         , a
                         company (the “Company”), and
                 (the “Indemnitee”), an “Agent” (as hereinafter defined) of the Company. 

R E C I T A L S 

A. The Company recognizes that competent and experienced persons are increasingly reluctant to serve as Directors, officers or employees of
companies unless they are protected by comprehensive liability insurance or indemnification, or both, due to increased exposure to litigation costs and risks resulting from their service to such companies, and due to the fact that the exposure
frequently bears no reasonable relationship to their compensation; 
 B. The statutes and judicial decisions regarding the duties of
Directors and officers are often difficult to apply, ambiguous, or conflicting, and therefore fail to provide such Directors and officers with adequate, reliable knowledge of legal risks to which they are exposed or information regarding the proper
course of action to take; 
 C. The Company and the Indemnitee recognize that plaintiffs often seek damages in such large amounts and the
costs of litigation may be so expensive (whether or not the case is meritorious), that the defense and/or settlement of such litigation is often beyond the personal resources of Directors, officers and employees; 

D. The Company believes that it is often unfair for its Directors, officers and employees to assume the risk of judgments and other expenses
which may occur in cases in which the Director, officer or employee has acted in good faith and in a manner the Director, officer or employee reasonably believes to be in or not opposed to the best interests of the Company; 

E. The Company desires the Indemnitee to serve or continue to serve as an Agent of the Company and recognizes that the Indemnitee may not be
willing to serve or continue to serve the Company without additional indemnification and insurance to protect against claims for damages arising out of or related to such services to the Company; 

F. The Company believes that the interests of the Company and its shareholders would best be served by a combination of Directors’ and
officers’ liability insurance and the indemnification by the Company of the Directors, officers and employees of the Company; and 
 G.
The Board of Directors has determined that contractual indemnification as set forth in this Agreement is reasonable and prudent, and is necessary to promote the best interests of the Company and its shareholders. 

  
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 A G R E E M E N T 

NOW, THEREFORE, in consideration of the mutual covenants and agreements set forth below, the parties to this Agreement, intending to be
legally bound, hereby agree as follows: 
 1. Definitions. 

(a) Agent. For purposes of this Agreement, “Agent” of the Company means any person who is or was a Director,
officer, employee or other agent of the Company or a Subsidiary of the Company; or is or was serving at the request of, for the convenience of, or to represent the interests of the Company or a Subsidiary of the Company as a Director, officer,
employee or agent of another foreign or domestic corporation, partnership, joint venture, trust or Other Enterprise. 
 (b)
Expenses. For purposes of this Agreement, “Expenses” includes all direct and indirect costs of any type or nature whatsoever (including, without limitation, all attorneys’ fees and related disbursements, other out-of- pocket
costs and reasonable compensation for time spent by the Indemnitee for which he is not otherwise compensated by the Company or any third party, provided that the rate of compensation, if any, and estimated time involved is approved in advance by the
Board of Directors), actually and reasonably incurred by the Indemnitee in connection with either the investigation, defense or appeal of a Proceeding or establishing or enforcing a right to indemnification under this Agreement or otherwise, and
amounts paid in settlement (if such settlement is approved in advance by the Company) by or on behalf of the Indemnitee, but shall not include any judgments, fines or penalties actually levied against the Indemnitee. 

(c) Proceeding. For the purposes of this Agreement, “Proceeding” means any threatened, pending or completed
action, suit or other proceeding, whether civil, criminal, administrative, investigative or any other type whatsoever. 
 (d)
Subsidiary. For purposes of this Agreement, “Subsidiary” means any corporation of which 50% or more of the outstanding voting securities are owned directly or indirectly by the Company, by the Company and one or more other
subsidiaries, or by one or more other subsidiaries. 
 (e) Other Enterprise. For purposes of this Agreement,
“Other Enterprise” means any other enterprise and shall include employee benefit plans; references to “fines” shall include any excise tax assessed with respect to any employee benefit plans; references to “serving at the
request of the Company” shall include any service as an Agent of the Company which imposes duties on, or involves services by, such Director, officer, employee or Agent of the 

  
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Company with respect to an employee benefit plan, its participants, or beneficiaries; any person who acts in good faith and in a manner he reasonably believes to be in the best interest of the
participants and beneficiaries of an employee benefit plan shall be deemed to have acted in a manner “not opposed to the best interests of the Company” as referred to in this Agreement. 

2. Agreement to Serve. The Indemnitee agrees to serve and/or continue to serve as an Agent of the Company, at its will (or under
separate agreement, if such agreement exists), in the capacity the Indemnitee currently serves as an Agent of the Company, so long as he is duly appointed or elected and qualified in accordance with the applicable provisions of the Articles of
Association or comparable corporate governance document (“Articles”) of the Company or the Articles of any Subsidiary of the Company or until such time as he tenders his resignation in writing, provided, however, that nothing contained in
this Agreement is intended to create any right in favor of the Indemnitee to continued employment in any capacity. 
 3. Indemnity in
Third Party Proceedings. The Company shall indemnify the Indemnitee if the Indemnitee is a party to or threatened to be made a party to or otherwise involved in any Proceeding (other than a Proceeding by or in the name of the Company to procure
a judgment in its favor) by reason of the fact that the Indemnitee is or was an Agent of the Company, or by reason of any act or inaction by him in any such capacity, against any and all Expenses and liabilities of any type whatsoever (including,
but not limited to, judgments, fines and penalties), actually and reasonably incurred by him in connection with the investigation, defense, settlement or appeal of such Proceeding, but only in the absence of fraud, willful default or dishonesty on
the part of the Indemnitee and if the Indemnitee acted in good faith and in a manner he reasonably believed to be in or not opposed to the best interests of the Company, and, with respect to any criminal action or Proceeding, had no reasonable cause
to believe his conduct was unlawful. The termination of any Proceeding by judgment, order of court, settlement, conviction or on plea of nolo contendere, or its equivalent, shall not, of itself, create a presumption that the Indemnitee did
not act in good faith in a manner which he reasonably believed to be in the best interests of the Company or, with respect to any criminal Proceedings, that such person had reasonable cause to believe that his conduct was unlawful. 

4. Indemnity in Derivative Actions. The Company shall indemnify the Indemnitee if the Indemnitee is a party to or threatened to be made
a party to or otherwise involved in any Proceeding by or in the name of the Company to procure a judgment in its favor by reason of the fact that the Indemnitee is or was an Agent of the Company, or by reason of any act or inaction by him in any
such capacity, against all Expenses actually and reasonably incurred by the Indemnitee in connection with the investigation, defense, settlement, or appeal of such Proceeding, but only in the absence of fraud, willful default or dishonesty on the
part of the Indemnitee and if the Indemnitee acted in good faith and in a manner he reasonably believed to be in or not opposed to the best interests of the Company, except that no indemnification under this subsection shall be made in respect of
any claim, issue or matter as to which the Indemnitee shall have 

  
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been finally adjudged to be liable to the Company by a court of competent jurisdiction in the performance of his duty to the Company, unless and only to the extent that any court in which such
Proceeding was brought shall determine upon application that, despite the adjudication of liability but in view of all the circumstances of the case, such person is fairly and reasonably entitled to indemnity for such Expenses as such court shall
deem proper. 
 5. Indemnification of Expenses of Successful Party. Notwithstanding any other provisions of this Agreement, to the
extent that the Indemnitee has been successful on the merits or otherwise in defense of any Proceeding or in defense of any claim, issue or matter therein, including the dismissal of an action without prejudice, the Company shall indemnify the
Indemnitee against all Expenses actually and reasonably incurred in connection with the investigation, defense or appeal of such Proceeding. 

6. Partial Indemnification. If the Indemnitee is entitled under any provision of this Agreement to indemnification by the Company for
some or a portion of any Expenses or liabilities of any type whatsoever (including, but not limited to, judgments, fines or penalties), actually and reasonably incurred by him in the investigation, defense, settlement or appeal of a Proceeding but
is not entitled, however, to indemnification for the total amount thereof, the Company shall nevertheless indemnify the Indemnitee for the portion thereof to which the Indemnitee is entitled. 

7. Advancement of Expenses. Subject to Section 11(a) below, the Company shall advance all Expenses incurred by the Indemnitee in
connection with the investigation, defense, settlement or appeal of any Proceeding to which the Indemnitee is a party or is threatened to be made a party by reason of the fact that the Indemnitee is or was an Agent of the Company. The Indemnitee
hereby undertakes to repay such amounts advanced only if, and to the extent that, it shall ultimately be determined that the Indemnitee is not entitled to be indemnified by the Company as authorized by this Agreement. The advances to be made under
this Agreement shall be paid by the Company to or on behalf of the Indemnitee within 30 days following delivery of a written request therefor by the Indemnitee to the Company. By execution of this Agreement, the Indemnitee agrees to repayment of the
Company of such Expenses under Section 7 if it is determined that the Indemnitee is not entitled to the indemnification payment; provided, however, that in no circumstance shall the Indemnitee be required to repay the Company for Expenses as to
which the Indemnitee is entitled to indemnification under this Agreement. 
 8. Notice and Other Indemnification Procedures. 

(a) Promptly after receipt by the Indemnitee of notice of the commencement of or the threat of commencement of any Proceeding,
the Indemnitee shall, if the Indemnitee believes that indemnification with respect thereto may be sought from the Company under this Agreement, notify the Company of the commencement or threat of commencement thereof. 

  
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 (b) Any indemnification requested by the Indemnitee under Section 3 and/or 4
of this Agreement shall be made no later than 60 days after receipt of the written request of the Indemnitee, unless a determination is made within said 60 day period (i) by the Board of Directors of the Company by a majority vote of a quorum
thereof consisting of Directors who are not parties to such Proceedings, or (ii) in the event such a quorum is not obtainable, at the election of the Company, either by independent legal counsel in a written opinion or by a panel of
arbitrators, one of whom is selected by the Company, another of whom is selected by the Indemnitee and the last of whom is selected by the first two arbitrators so selected, that the Indemnitee has not met the relevant standards for indemnification
set forth in Section 3 and 4 of this Agreement. In the event the Indemnitee is determined not entitled to indemnification, the Company shall give, or cause to be given to, the Indemnitee written notice thereof specifying the reason therefor,
including any determination of fact or conclusion of law relied upon in reaching such determination. 
 (c) Notwithstanding a
determination under Section 8(b) above that the Indemnitee is not entitled to indemnification with respect to any specific Proceeding, the Indemnitee shall have the right to apply to any court of competent jurisdiction for the purpose of
enforcing the Indemnitee’s right to indemnification pursuant to this Agreement. Neither the failure of the Company (including its Board of Directors or independent legal counsel or the panel of arbitrators) to have made a determination prior to
the commencement of such action that indemnification or advances are proper in the circumstances because the Indemnitee has met the applicable standard of conduct, nor an actual determination by the Company (including its Board of Directors or
independent legal counsel or the panel of arbitrators) that the Indemnitee has not met such applicable standard of conduct, shall be a defense to the action or create any presumption that the Indemnitee has not met the applicable standard of
conduct. In any such proceeding, the Company will bear the burden of proof in showing that the Indemnitee’s conduct did not meet the applicable standard of conduct provided for by this agreement, and accordingly the Indemnitee shall be deemed
to have a prima facie right to indemnification under this agreement unless the Company can prove to the court’s satisfaction that the Indemnitee’s conduct did not meet the applicable standard of conduct provided for by this
agreement or applicable law for indemnification. 
 (d) In the absence of fraud, willful default or dishonesty on the part of
the Indemnitee, the Company shall indemnify the Indemnitee against all Expenses incurred in connection with any hearing or Proceeding under this Section 8 unless a court of competent jurisdiction finds that each of the claims and/or defenses of
the Indemnitee in any such Proceeding was frivolous or in bad faith. 

  
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 9. Assumption of Defense. In the event the Company shall be obligated to pay the Expenses
of any Proceeding against the Indemnitee, the Company, if appropriate, shall be entitled to assume the defense of such Proceeding, with counsel reasonably acceptable to the Indemnitee, upon the delivery to the Indemnitee of written notice of its
election to do so. After delivery of such notice, approval of such counsel by the Indemnitee and the retention of such counsel by the Company, the Company will not be liable to the Indemnitee under this Agreement for any fees of counsel subsequently
incurred by the Indemnitee with respect to the same Proceeding, provided that (i) the Indemnitee shall have the right to employ his own counsel in such Proceeding at the Indemnitee’s expense; and (ii) if (a) the employment of
counsel by the Indemnitee in such Proceeding has been previously authorized in writing by the Company, (b) the Company shall have reasonably concluded that there may be a conflict of interest between the Company and the Indemnitee in the
conduct of any such defense, or (c) the Company shall not, in fact, have employed counsel to assume the defense of such Proceeding, the fees and Expenses of the Indemnitee’s counsel shall be at the expense of the Company. 

10. Insurance. The Company may, but is not obligated to, obtain Directors’ and officers’ liability insurance (“D&O
Insurance”) as may be or become available in reasonable amounts from established and reputable insurers with respect to which the Indemnitee is named as an insured. Notwithstanding any other provision of the Agreement, the Company shall not be
obligated to indemnify the Indemnitee for Expenses, judgments, fines or penalties, which have been paid directly to or on behalf of the Indemnitee out of the Company’s D&O Insurance. If the Company has D&O Insurance in effect at the
time the Company receives from the Indemnitee any notice of the commencement of a Proceeding, the Company shall give prompt notice of the commencement of such Proceeding to the insurers in accordance with the procedures set forth in the policy. The
Company shall thereafter take all necessary or desirable action to cause such insurers to pay, on behalf of the Indemnitee, all amounts payable as a result of such Proceeding in accordance with the terms of such policy. 

11. Exceptions. Any other provision in this Agreement to the contrary notwithstanding, the Company shall not be obligated pursuant to
the terms of this Agreement: 
 (a) Claims Initiated by the Indemnitee. To indemnify or advance Expenses to the
Indemnitee with respect to Proceedings or claims initiated or brought voluntarily by the Indemnitee and not by way of defense, except with respect to Proceedings brought to establish or enforce a right to indemnification under this Agreement or any
other statute or law, but such indemnification or advancement of Expenses may be provided by the Company in specific cases if the Board of Directors finds it to be appropriate; or 

(b) Action for Indemnification. To indemnify the Indemnitee for any Expenses incurred by the Indemnitee with respect to
any Proceeding instituted by the Indemnitee to enforce or interpret this Agreement, if a court of competent jurisdiction determines that any of the material assertions made by the Indemnitee in such Proceeding was not made in good faith or was
frivolous; or 

  
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 (c) Unauthorized Settlements. To indemnify the Indemnitee under this
Agreement for any amounts paid in settlement of a Proceeding effected without the Company’s written consent. The Company shall not settle any Proceeding without the Indemnitee’s written consent. Neither the Company nor the Indemnitee will
unreasonably withhold consent to any proposed settlement; or 
 (d) Certain Matters. To indemnify the Indemnitee on
account of any Proceeding with respect to (i) remuneration paid to the Indemnitee if it is determined by judgment or other adjudication that such remuneration was in violation of law, (ii) which judgment is rendered against the Indemnitee
for an accounting of profits made from the purchase or sale by the Indemnitee of securities of the Company pursuant to the provisions of Section 16(b) of the Securities Exchange Act of 1934, as amended, or similar provisions of any federal,
state or local statute, or (iii) which it is determined by judgment or other adjudication that the Indemnitee’s conduct was knowingly fraudulent or dishonest. 

12. Nonexclusivity. The provisions for indemnification and advancement of Expenses set forth in this Agreement shall not be deemed
exclusive of any other rights which the Indemnitee may have under any provision of law, the Company’s Memorandum or Articles of Association, in any court in which a Proceeding is brought, the vote of the Company’s shareholders or
disinterested Directors, other agreements or otherwise, both as to action in his official capacity and to action in another capacity while occupying his position as an Agent of the Company, and the Indemnitee’s rights under this Agreement shall
continue after the Indemnitee has ceased acting as an Agent of the Company and shall inure to the benefit of the heirs, executors and administrators of the Indemnitee. 

13. Subrogation. In the event of payment under this Agreement, the Company shall be subrogated to the extent of such payment to all of
the rights of recovery of the Indemnitee, who shall execute all papers required and shall do everything that may be necessary to secure such rights, including the execution of such documents necessary to enable the Company effectively to bring suit
to enforce such rights. 
 14. Interpretation of Agreement. It is understood that the parties to this Agreement intend this Agreement
to be interpreted and enforced so as to provide indemnification to the Indemnitee to the fullest extent now or hereafter permitted by law. 

15. Severability. If any provision or provisions of this Agreement shall be held to be invalid, illegal or unenforceable for any reason
whatsoever, (i) the validity, legality and enforceability of the remaining provisions of the Agreement (including without limitation, all portions of any paragraphs of this Agreement containing any such provision held to be invalid, illegal or
unenforceable, that are not themselves invalid, illegal or unenforceable) shall not in any way be affected or impaired thereby, and 

  
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(ii) to the fullest extent possible, the provisions of this Agreement (including, without limitation, all portions of any paragraph of this Agreement containing any such provision held to be
invalid, illegal or unenforceable, that are not themselves invalid, illegal or unenforceable) shall be construed so as to give effect to the intent manifested by the provision held invalid, illegal or unenforceable and to give effect to
Section 14 of this Agreement. 
 16. Modification and Waiver. No supplement, modification or amendment of this Agreement shall be
binding unless executed in writing by both of the parties to this Agreement. No waiver of any of the provisions of this Agreement shall be deemed or shall constitute a waiver of any other provision of this Agreement (whether or not similar) nor
shall such waiver constitute a continuing waiver. 
 17. Successors and Assigns; Duration of Agreement. The terms of this Agreement
shall bind, and shall inure to the benefit of, the successors and assigns of the parties to this Agreement. This Agreement shall continue in effect so long as the Indemnitee shall be subject to any Proceeding by reason of the fact that the
Indemnitee is or was an Agent of the Company, regardless of whether the Indemnitee continues to serve as an Agent of the Company. 
 18.
Notice. All notices, requests, demands and other communications under this Agreement shall be in writing and shall be deemed duly given (i) if delivered by hand and receipted for by the party addressee, on the date of delivery, or
(ii) if mailed by certified or registered mail with postage prepaid, on the third business day after the mailing date. Addresses for notice to either party are as shown on the signature page of this Agreement, or as subsequently modified by
written notice. 
 19. Governing Law. This Agreement shall be governed exclusively by and construed according to the laws of
                    . If a court of competent jurisdiction shall make a final determination that the provisions of the law of any jurisdiction other
than the                     , govern indemnification by the Company of its Directors and officers, then the indemnification provided under this
Agreement shall in all instances be enforceable only to the extent permitted under such law, notwithstanding any provision of this Agreement to the contrary. 

  
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 The parties hereto have entered into this Agreement as of the      day of
            , 201    . 
  

			
	[Company]
		
	By	 	  

	Name:	 	
	Title:	 	
	
	Address:
	
	Indemnitee:
	
	  

	Name:	 	

  
 9EX-10.14

 Exhibit 10.14 

TRANSOCEAN PARTNERS 
 LLC 

EXECUTIVE SEVERANCE POLICY 
  

	1	POLICY 

 The Company will provide Participants who experience an Eligible Termination
with certain severance benefits as defined herein. Whether a termination is an Eligible Termination will be determined by the Committee in its sole discretion. 
  

	2	PURPOSE 

 The purpose of this policy is to define the executive severance policy of the
Company. 
  

	3	DEFINITIONS 

 The following terms as used in this policy shall have the following
meaning: 
 “Affiliate” shall mean with respect to the Company, any corporation, partnership, trust, association, limited liability
company, joint venture, joint-stock company or any other entity or organization, that directly or indirectly, through one or more intermediaries, controls, is controlled by, or is under common control with, the Company. 

“Board” shall mean the Board of Directors of the Company. 

“Cause” shall mean Participant’s (1) willful and continued failure to substantially perform his or her duties with the
Company (other than any such failure resulting from incapacity due to physical or mental illness), (2) willful engagement in conduct which is materially and demonstrably injurious to the Company or its Affiliates, monetarily or otherwise, or
(3) indictment of a felony or a misdemeanor involving moral turpitude. For purposes of clauses (1) and (2) of this definition, no act, or failure to act, on Participant’s part shall be deemed “willful” unless done, or
omitted to be done, by Participant not in good faith and without reasonable belief that such act, or failure to act, was in the best interest of the Company. 

“Code” shall mean the Internal Revenue Code of 1986, as amended. 

“Committee” shall mean the Board or a committee of the Board as may be designated by the Board to administer this policy. 

“Company” shall mean Transocean Partners LLC. 

“Confidential Information” shall mean information: (i) disclosed to or known by Participant as a consequence of or through
Participant’s employment with the Company or its Affiliates; (ii) not generally known outside the Company or its Affiliates; and (iii) which relates to any aspect of the Company or its Affiliates or their business, finances, operation
plans, budgets, research, or strategic development. “Confidential Information” includes, but is not limited to, the Company’s or its Affiliates’ trade secrets, proprietary information, financial documents, long range plans,
customer information, employee compensation, marketing strategy, data bases, pricing and costing data, patent information, computer software developed by the Company or any of its Affiliates, investments made by the Company or any of its Affiliates,
and any information provided to the Company or any of its Affiliates by a third party under restrictions against disclosure or use by the Company or any of its Affiliates or others. 

 “Eligible Termination” shall mean (i) an involuntary separation from service from
the Company and all Affiliates that is not for Cause and (ii) a voluntary separation from service from the Company and all Affiliates for Good Reason. 

“Good Reason” means (1) a diminution of Participant’s duties or responsibilities, or a demotion of Participant’s
position, to such an extent or in such a manner as to relegate Participant to a position not substantially similar to that which he or she held prior to such reduction or change or (2) a material reduction in Participant’s base salary or
annual incentive plan opportunities, other than in connection with such reductions that are applicable to the Company’s or its Affiliate’s executives as a group. The Committee shall have the sole discretion to determine whether
Participant’s termination is for Good Reason, provided that Participant shall not be considered to have terminated for Good Reason unless Participant notifies the Company in writing within 30 days of the date the event giving rise to Good
Reason occurs, the Company does not cure such condition within 30 days of such notice and Participant terminates employment no later than 90 days after the date the event giving rise to Good Reason occurred. 

“Participant” shall mean the Chief Executive Officer of the Company and an executive officer who meets with eligibility requirements
of Section 4. 
 “Severance Benefits” shall mean the benefits described in Sections 6.2 and 6.3 of this policy. 

“Termination Date” shall mean the date on which Participant separates from service with the Company and/or its Affiliates in
accordance with U.S. Treasury Regulation 1.409A-1(h)(1)(ii). 
 “Revocation Period” shall mean seven (7) days following
Participant’s execution of the waiver, release and separation agreement, or such other period approved by the Committee, during which period Participant may revoke Participant’s execution of such agreement. 

 

	4	ELIGIBILITY 

 This policy shall apply to the Chief Executive Officer of the Company and
any other executive officer of the Company who is approved by the Committee for eligibility. No benefit shall be payable under this policy to employees who enter into separate written severance agreements with the Company or an Affiliate and who are
entitled to receive severance payments thereunder as a result of their termination of employment. Without limiting the generality of the foregoing, an officer position held by an individual in any Affiliate of the Company shall not be considered in
the determination of whether such individual is a Participant for purposes of this policy. 
  

	5	PARTICIPATION 

 As a condition precedent to receiving the Severance Benefits, Participant
will be required to execute and return to the Company a binding waiver, release and separation agreement in the form approved by the Committee no later than the fiftieth (50th) day following Participant’s Termination Date, or such other
period approved by the Committee. If Participant fails to timely execute and return the waiver, release and separation agreement in accordance with the previous sentence, or revokes such waiver, release and separation agreement within the Revocation
Period, Participant shall forfeit all Severance Benefits. 
  

	6	SEVERANCE BENEFITS 

 A Participant who experiences an Eligible Termination shall be
provided the following payments, benefits and other services as hereinafter defined. 
  

	 	6.1	Base Salary 

 The Company will pay base salary for the period ending on the Termination
Date. 

	 	6.2	Bonus 

 The Company will pay Participant a lump sum amount 60 days after the Termination
Date equal to a pro-rata share of Participant’s target bonus opportunity as calculated from the first day of the performance period through the Termination Date, to the extent not otherwise payable. 

 

	 	6.3	Severance 

 The Company will pay Participant a lump sum cash severance payment 60 days
after the Termination Date equal to one year’s base salary calculated using the annual salary rate in effect for Participant immediately prior to the Termination Date. 
  

	 	6.4	Outplacement 

 Participant will be eligible to receive outplacement services the duration
and costs for which shall be determined by the then prevailing Human Resources’ practice concerning use of outplacement services, and in no event should exceed a cost to the Company of 5% of the base annual salary of Participant immediately
prior to the Termination Date. In no event shall such outplacement benefits end later than the last day of the second calendar year that begins after the Termination Date. 
  

	 	6.5	Other Benefits 

 Any other termination benefits will be managed consistent with current
severance practices for non- executive employees. 
  

	7	NON-DISPARAGEMENT, NON-SOLICITATION AND CONFIDENTIALITY 

 A Participant must agree to the
following restrictive covenants under the Waiver, Release and Separation Agreement as a condition to the receipt of the Severance Benefits: 
  

	 	7.1	Non-Disparagement 

 Participant shall agree that, in acting alone or in concert with
others, he will not (i) publicly criticize or disparage the Company or its Affiliates or any of their officers, employees, directors or agents, or privately criticize or disparage the Company or its Affiliates or any of their officers,
employees, directors or agents in a manner intended or reasonably calculated to result in public embarrassment to, or injury to the reputation of, the Company or its Affiliates; (ii) directly or indirectly, acting alone or acting in concert
with others, institute or prosecute, or assist any person in any manner in instituting or prosecuting, any legal proceedings of any nature against the Company or its Affiliates; (iii) commit damage to the property of the Company or its
Affiliates or otherwise engage in any misconduct which is injurious to the business or reputation of the Company or its Affiliates; or (iv) take any other action, or assist any person in taking any other action, that is adverse to the interests
of the Company or its Affiliates or inconsistent with fostering the goodwill of the Company or its Affiliates; provided, however, that nothing in this paragraph shall apply to or restrict in any way the communication of information by Participant to
any state or federal law enforcement agency or require notice to the Company or its Affiliates thereof, and Participant will not be in breach of the covenant contained in (ii) above solely by reason of Participant’s testimony which is
compelled by process of law. 
  

	 	7.2	Non-Solicitation of Customers 

 Participant shall agree that, during the one year period
beginning on Participant’s Termination Date, Participant will not directly or indirectly, on Participant’s own behalf or on behalf of others, solicit or accept any business producing or providing products or services which the Company or
any of its Affiliates produces or provides from any person that was a customer or client or prospective customer or client of the Company or its Affiliates during the period during which Participant was employed with the Company or its Affiliates.

	 	7.3	Non-Solicitation of Employees 

 Participant shall agree that during the one year period
beginning on Participant’s Termination Date, Participant will not either directly or indirectly, on Participant’s own behalf or on behalf of others, hire, solicit, induce, recruit or encourage any of the employees of the Company or its
Affiliates to leave their employment, or attempt to solicit, induce, recruit, or hire employees of the Company or its Affiliates. 
  

	 	7.4	Confidential Information 

 Participant shall agree that Participant will not, except as
the Company or its Affiliates may otherwise consent or direct in writing, reveal, sell, use, lecture upon, publish or otherwise disclose to any third party any Confidential Information or proprietary information of the Company or any of its
Affiliates, or authorize anyone else to do these things at any time whether during or subsequent to Participant’s employment with the Company or its Affiliates. This Section 7.4 shall continue in full force and effect after termination of
Participant’s employment. Participant shall continue to be obligated under this Section 7.4 not to use or to disclose Confidential Information of the Company or any of its Affiliates so long as it shall not be publicly available.
Participant’s obligations under this Section 7.4 with respect to any specific Confidential Information and proprietary information shall cease when that specific portion of the Confidential Information and proprietary information becomes
publicly known, in its entirety and without combining portions of such information obtained separately. It is understood that such Confidential Information and proprietary information include matters that Participant conceives or develops, as well
as matters Participant learns from other employees of the Company or any of its Affiliates. 
  

	8	SECTION 409A 

 This policy is intended to comply with the provision of Section 409A
of the Code and applicable Treasury authorities (“Section 409”) and all provisions of this policy shall be construed and interpreted in a manner consistent with the requirements for avoiding taxes or penalties under Section 409A. In
the event a Participant is a “specified employee” of a publicly traded corporation for purposes of Section 409A, any severance payments pursuant to any arrangement with the Company, to the extent the Company determines such amounts are not
short-term deferrals, involuntary separation pay or otherwise exempt from the application of Section 409A, shall be delayed until the earlier of the date six months and two days following Participant’s Termination Date, (ii) the date
of Participant’s death or (iii) such earlier date as complies with the requirements of Section 409A. 
  

	9	RESPONSIBILITY; ADMINISTRATION 

 Except as otherwise stated herein, this policy will be
administered by the Committee or its designee, who shall have full and final authority, subject to the express provisions of the policy, with respect to determination of eligibility including, but not limited to, the authority to construe and
interpret the provisions of the policy. This policy is subject to review, change or cancellation at any time at the sole discretion of the Committee. 
  

	10	EFFECTIVE DATE 

 This policy is effective on the date of the initial public offering of
the common units of the Company.

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