Document:

EX-10.11

 Exhibit 10.11 

EMPLOYMENT AGREEMENT 
 THIS
EMPLOYMENT AGREEMENT (the “Agreement”) is made and entered into as of March 26, 2019 (the “Effective Date”), by and between PARKER DRILLING COMPANY, a Delaware corporation and PARKER DRILLING MANAGEMENT
SERVICES LTD., a Nevada corporation, and Bryan R. Collins (“Executive”). For the purposes of this Agreement, Parker Drilling Company and Parker Drilling Management Services Ltd., together with any Successor Entity, shall be
collectively referred to as the “Company”. The Company and Executive may sometimes hereafter be referred to singularly as a “Party” or collectively as the “Parties.” Defined terms shall have the
meanings ascribed to them in Appendix A of the Agreement. 
 W I T N E S S E T H: 

WHEREAS, the Company desires to continue to employ Executive subject to the terms and conditions hereafter set forth; and 

WHEREAS, Executive is willing to enter into the Agreement upon the terms and conditions set forth; 

NOW, THEREFORE, in consideration of Executive’s continued employment with the Company, and the mutual promises and agreements contained herein, the
Parties hereto agree as follows: 
 1.    Employment. During the Employment Period, the Company shall
employ Executive, and Executive shall serve as President, Drilling Operations of the Company. Executive’s principal place of employment shall be at the corporate offices of the Company in Houston, Texas. Executive understands and agrees that
Executive may be required to travel from time to time for purposes of the Company’s business. 

2.    Compensation. Compensation shall be paid or provided to Executive during the Employment Period as
follows: 
 (a)    Base Salary. The Company shall pay to Executive a base salary of $335,000 per year,
payable in accordance with the Company’s normal payroll schedule and procedures for its executives. Executive’s Base Salary shall be subject to at least annual review and may be increased (but not decreased during the Employment Period
without Executive’s express written consent). Nothing contained herein shall preclude the payment of any other compensation to Executive at any time. 

(b)    Annual Incentive Cash Compensation. The Executive shall be eligible to participate in an annual
incentive cash compensation plan. The annual incentive cash compensation target shall be not less than 75% of Executive’s Base Salary and shall be subject to review and may be increased (but not decreased during the Employment Period without
Executive’s express written consent (such amount, the “Target Bonus”)). For years commencing after 2019, the annual incentive cash compensation will be paid based on meeting reasonably potentially attainable performance goals
established by the Compensation Committee of the Board in good faith after consultation with the Company’s Chief Executive Officer no later than 60 days after the commencement of (a) the applicable fiscal year or (b) the applicable
target period. The annual incentive cash compensation, if any, will be paid in cash form in accordance with the terms of the applicable annual incentive cash compensation plan as in effect from time to time, and in no event later than 90 days
following close of the target period. 

 (c)    Long-Term Incentives. Executive shall be eligible
to receive grants of long-term incentives, all as commensurate with Executive’s position, and to the extent permitted by and in accordance with the terms of the Company’s long-term incentive plan or plans as in effect from time to time.

 (1)    Initial Equity Grant. Effective as of the Effective Date, Executive shall receive an initial award (the
“Initial RSU Award”) pursuant to the terms and conditions of the RESTRICTED STOCK UNIT INCENTIVE AGREEMENT between Company and Executive dated on the Effective Date, a form of which is attached hereto as Exhibit A. 

(2)    Initial Options Grant. Effective as of the Effective Date, Executive shall receive an initial award (the
“Initial Option Award”) pursuant to the terms and conditions of the STOCK OPTION INCENTIVE AGREEMENT between Company and Executive dated on the Effective Date, a form of which is attached hereto as Exhibit B. 

3.    Duties and Responsibilities of Executive. Executive shall have responsibilities, duties and
authorities customarily associated with Executive’s position in companies that are of similar size and nature to the Company. During the Employment Period, Executive shall devote substantially all of Executive’s full business time and
attention to the Company’s business. This Section 3 shall not be construed as preventing Executive from (a) serving on advisory committees or boards with the written permission of the Reporting Authority, such
permission not to be unreasonably withheld or delayed; (b) engaging in reasonable volunteer services for charitable, educational or civic organizations; or (c) managing Executive’s personal investments in a form or manner that will
not require Executive’s services in the operation of the entities in which such investments are made. 

4.    Term of Employment. Executive’s initial term of employment with the Company under the Agreement
shall be for the period from the Effective Date through the one-year anniversary of the Effective Date (the “Initial Term of Employment”). Thereafter, the Initial Term of Employment shall be
automatically extended repetitively for one-year period(s) unless written notice is given by either the Company or Executive to the other Party at least 60 days prior to the end of the Initial Term of
Employment, or any one-year extension thereof, as applicable, that the term of employment will not be renewed (such notice, a “Notice of Non-Renewal”).
The Initial Term of Employment and any extension of the Initial Term of Employment hereunder shall each and collectively be referred to herein as a “Term of Employment.” The Term of Employment shall also be extended upon a Change in
Control as provided in Section 7. The Term of Employment shall automatically end in the event of the death or Disability of Executive. The Company and Executive shall each have the right to give Notice of Termination
(pursuant to Section 8) at will, with or without cause, at any time, subject however to the terms and conditions of the Agreement regarding the rights and duties of the Parties upon termination of employment. The period
from the Effective Date through the earlier of the date of Executive’s termination of employment for whatever reason or the end of the Term of Employment shall be referred to herein as the “Employment Period.” 

  
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 5.    Benefits. Subject to the terms and conditions of the
Agreement, Executive shall be entitled to the following: 
 (a)    Ongoing Benefits. During the Employment
Period, Executive shall be entitled to the following: 
 (1)    Reimbursement of Expenses. The Company
shall pay or reimburse Executive for all reasonable travel, entertainment and other expenses paid or incurred by Executive in the performance of Executive’s duties hereunder. The Company shall also provide Executive with suitable office space,
including staff support, as reasonably determined by the Company. 
 (2)    Other Employee Benefits.
Executive shall be eligible to participate in any pension, retirement, 401(k), and profit-sharing, non-qualified deferred compensation and other group retirement plans or programs of the Company, to the same
extent as available to Senior Officers under the terms of such plans or programs. Executive shall also be entitled to participate in any medical, dental, life, accident, disability and other group insurance plans or programs of the Company, to the
same extent as available to Senior Officers under the terms of such plans or programs. For the purposes of this Agreement, “Senior Officers” includes the Chief Executive Officer of the Company and all managerial personnel reporting
directly to the Chief Executive Officer. 
 (3)    Paid Time Off. Executive shall be entitled to the
number of hours of paid time off each year that is accorded under the Company’s paid time policy for other Senior Officers, but not less than Executive’s annual paid time off entitlement under Executive’s prior employment agreement
with the Company. 
 (b)    Payments Upon Termination. Upon termination of employment during the Term of
Employment and without requirement of execution of a Waiver and Release, Executive shall be entitled to the following minimum payments, in addition to any other payments or benefits Executive is entitled to receive under the terms of the Agreement
and any employee benefit plan or program: 
 (1)    unpaid Base Salary which has accrued through the Termination Date;

 (2)    unpaid vacation pay for that year which has accrued through the Termination Date; and 

(3)    reimbursement of incurred business expenses in accordance with the Company’s normal procedures. 

Any such accrued and unpaid salary and vacation pay shall be paid to Executive in a cash lump sum within five business days following the Termination Date.

 6.    Severance Benefits Upon Certain Terminations Outside the Change in Control Protection Period.
Subject to the Waiver and Release requirement described in Section 6(c), Executive’s right to compensation and benefits for periods after the Termination 

  
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Date (but not within the Change in Control Period defined in Section 7) shall be determined in accordance with this Section 6, as follows: 

(a)    Cash Payments. In the event that (i) Executive’s employment is terminated during the Term
of Employment by the Company without Cause (other than due to death or Disability), (ii) Executive’s employment with the Company is terminated upon the expiration of the Term of Employment and following the date the Company provides a Notice of
Non-Renewal as contemplated by Section 4, or (iii) Executive terminates Executive’s employment hereunder during the Term of Employment for Good Reason (each, a
“Qualifying Termination”), then the following cash payments shall be provided to Executive or, in the event of Executive’s death before receiving such benefits, to Executive’s Designated Beneficiary: 

(1)    the Company shall pay to Executive as additional compensation (the “Additional Payment”) an amount
which is equal to one and one-half (1.5) (the “Severance Multiplier”) multiplied by the sum of (x) Executive’s Base Salary as in effect on the date Notice of Termination is given or
on the date immediately prior to the Termination Date, whichever is greater and (y) Executive’s Target Bonus. The Additional Payment shall be paid to Executive in a cash lump sum payment on the 60th day following the Termination Date, but
only if the Waiver and Release has been timely executed and returned and the revocation period has expired; 
 (2)    a
portion of Executive’s annual incentive cash compensation equal to the annual incentive cash compensation as provided in Section 2(b) based on actual performance, multiplied by a fraction, the numerator of which equals
the number of days from the commencement of the incentive compensation plan year in which such termination occurs through the Termination Date, and the denominator of which equals 365. Any such annual incentive cash compensation shall be paid in a
cash lump sum on the normal annual incentive cash compensation payment date for Senior Officers whose employment has continued, and in no event later than the later of (i) March 15 of the year following the year in which the Termination
Date occurs or (ii) the 60th day following the Termination Date, but only if the Waiver and Release has been timely executed and returned and the revocation period has expired; 

(3)    if the Termination Date occurs after the end of the Company’s fiscal year and prior to the payment of the
annual incentive cash compensation for such year, the same annual incentive cash compensation to which Executive would have been entitled had Executive’s employment continued through the normal annual incentive cash compensation payment date,
if any. Such annual incentive cash compensation shall be paid in a cash lump sum on the normal annual incentive cash compensation payment date for Senior Officers whose employment has continued, and in no event later than the later of March 15
of the year in which the Termination Date Occurs or (ii) the 60th day following the Termination Date, but only if the Waiver and Release has been timely executed and returned and the revocation period has expired; and 

(4)    payment for Executive’s (and Executive’s eligible dependents’) health care continuation premiums
(“COBRA”) for the number of years equal to the Severance Multiple (the “COBRA Payment”), any such amount shall be paid to Executive in a cash lump sum payment on the 60th day following the Termination Date, but only
if the Waiver and Release has been timely executed and returned and the revocation period has expired. 

  
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 (b)    No Benefits. In the event that (i) Executive
voluntarily resigns or otherwise voluntarily terminates Executive’s employment at any time, in either case, without Good Reason, (ii) Executive’s employment is terminated by the Company for Cause, or (iii) Executive’s
employment is terminated due to death or Disability, then the Company shall have no obligation to provide any severance payments and benefits under Section 6(a). In any such event, Executive and Executive’s covered
dependents, if any, shall be entitled to only elect continuation coverage under the Company’s group health plan and group dental plan pursuant to COBRA and the Company’s procedures for COBRA administration after the Termination Date. 

(c)    Waiver and Release. Notwithstanding any provision of the Agreement to the contrary, in order to
receive the severance payments and benefits payable under Section 6 or Section 7, as applicable, Executive must first execute an appropriate waiver and release agreement (substantially in the form
attached hereto as Appendix B) (the “Waiver and Release”). Executive shall have 45 days after receipt of the Waiver and Release to consider and timely execute and return it to the Company. After return, Executive shall have an
additional seven days in which Executive can revoke the Waiver and Release; thereafter, the Waiver and Release shall be irrevocable. The Company shall provide the Waiver and Release to Executive no later than five days after the Termination Date. If
the Waiver and Release is not timely executed and returned, or it is revoked within the seven-day revocation period, no benefits shall be paid under any of Section 6 or
Section 7. 
 (d)    No Duplication. The severance payments provided under the
Agreement shall supersede and replace any severance payments or benefits under any severance plan, agreement, arrangement, program or policy (whether written or unwritten) that the Company or any Affiliate maintains and under which the Executive may
be eligible to participate. Notwithstanding the preceding sentence, in the event that a severance payment or benefit under the Agreement would constitute a change in the form or timing of payment under Code Section 409A of any severance payment
or benefit otherwise payable to Executive under any other plan, agreement, arrangement, program or policy, then the portion of the severance payment or benefit payable under the Agreement that is equal to the amount payable under such other
severance plan, arrangement shall be paid in the form, and at the time, applicable under such other severance agreement, arrangement, program or policy, and, in such event, any excess severance payment or benefit as determined under the Agreement
shall be paid in the time and form as specified in the Agreement. 
 7.    Severance Benefits Upon Certain
Terminations During the Change in Control Protection Period. Subject to the Waiver and Release requirement described in Section 6, Executive’s right to compensation and benefits after the Termination Date for the Executive’s
Qualifying Termination during (x) the Term of Employment and (y) the period that commences upon the occurrence of a Change in Control and terminates 18 months thereafter (the “Change in Control Protection Period”) shall be
determined in accordance with this Section 7, as follows: 
 (a)    Executive shall be
entitled to the payments and benefits set forth in Section 6, provided that the Severance Multiplier for purposes of determining the amount of the Additional Payment under Section 6(a)(1) shall
instead be two (2). 

  
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 (b)    No Benefits. In the event that (i) Executive
voluntarily resigns or otherwise voluntarily terminates employment at any time without Good Reason (other than a termination of employment at the end of the Term of Employment following an Notice of
Non-Renewal given by the Company), (ii) Executive’s employment is terminated by the Company for Cause or (iii) employment is terminated due to death or Disability, then the Company shall have no
obligation to provide any severance benefits under Section 7. In any such event, Executive and Executive’s covered dependents, if any, shall be entitled to only elect continuation coverage under the Company’s
group health plan and group dental plan pursuant to COBRA and the Company’s procedures for COBRA administration after the Termination Date 

(c)    Potential Reduction in Payments. Notwithstanding any other provision of the Agreement to the
contrary, if any Payment would be subject to the Excise Tax, then the Payment shall be either (i) delivered in full pursuant to the terms of this Agreement, or (ii) reduced in accordance with this Section 7(c) to
the extent necessary to avoid the Excise Tax, based on which of (i) or (ii) would result in the greater Net After-Tax Receipt to Executive. 

If Payments are reduced, the reduction shall be accomplished first by reducing cash Payments under this Agreement, in the order in which such
cash Payments otherwise would be paid and then by forfeiting any equity-based awards that vest as a result of the Change in Control, starting with the most recently granted equity-based awards, to the extent necessary to accomplish such reduction.

 All determinations under this Section 7(c) shall be made by the Company’s independent accountants or
compensation consultants (the “Third Party”) and all such determinations shall be conclusive, final and binding on the parties hereto. The Company and Executive shall furnish to the Third Party such information and documents as the
Third Party may reasonably request in order to make a determination under this Section 7(c). The Company shall bear all reasonable fees and costs of the Third Party with respect to determinations under or contemplated by
this Section 7(c). 
 8.    Notice of Termination. Any termination by the
Company or Executive of employment with the Company shall be communicated by means of a written notice which indicates the specific termination provision of the Agreement relied upon and sets forth in reasonable detail the facts and circumstances
claimed to provide a basis for termination of Executive’s employment under the provision so indicated (the “Notice of Termination”). 

9.    Mitigation. Executive shall not be required to mitigate the amount of any payment provided for under
the Agreement by seeking other employment or in any other manner. 

  
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 10.    Confidential Information. 

(a)    Access to Confidential Information and Specialized Training. Executive’s employment creates or
continues a relationship of confidence and trust between the Company, on the one hand, and Executive, on the other hand. Continuing on an ongoing basis during employment, the Company agrees to give Executive access to Confidential Information (as
defined below) (including, without limitation, Confidential Information of the Company’s Affiliates and Subsidiaries), which Executive did not have access to or knowledge of before Executive’s employment with the Company. Executive
acknowledges and agrees that, as between the Parties, all Confidential Information is and shall remain the exclusive property of the Company and that all Confidential Information is confidential and a valuable, special and unique asset of the
Company that gives the Company an advantage over its actual and potential, current and future competitors. Executive further acknowledges and agrees that Executive shall preserve and protect all Confidential Information from unauthorized disclosure
or unauthorized use, that certain Confidential Information may constitute “trade secrets” as defined by the Texas Uniform Trade Secrets Act and under other applicable laws, and that unauthorized disclosure or unauthorized use of the
Company’s Confidential Information would irreparably injure the Company. 
 (b)    The Company agrees to provide
Executive with ongoing Specialized Training, which Executive does not have access to or knowledge of before the execution of the Agreement, and the Company agrees to continue providing such Specialized Training on an ongoing basis during employment.
“Specialized Training” includes the training the Company provides to Executive that is unique to its business and enhances Executive’s ability to perform Executive’s job duties effectively, which includes, without
limitation, orientation training; sales methods/techniques training; operation methods training; and computer and systems training. 

(c)    Agreement Not to Use or Disclose Confidential Information. Both during the term of Executive’s
employment and after the termination of Executive’s employment for any reason (including wrongful termination), Executive shall hold all Confidential Information in strict confidence, and shall not use any Confidential Information except for
the benefit of the Company, in accordance with the duties assigned to Executive. Executive shall not, at any time (either during or after the term of Executive’s employment), disclose any Confidential Information to any person or entity (except
other employees of the Company who have a need to know the information in connection with the performance of their employment duties), without the prior written consent of the Board, or permit any other person in the Executive’s immediate
family (which shall mean the spouse and children of the Executive) to do so; provided, however, Executive may make such disclosures to third parties where the disclosure is made during the Employment Period to third parties who have executed
confidentiality agreements acceptable to the Company. Executive shall take reasonable precautions to protect the physical security of all documents and other material containing Confidential Information (regardless of the medium on which the
Confidential Information is stored). The Agreement applies to all Confidential Information, whether now known or later to become known to Executive. 

(d)    Agreement to Refrain from Derogatory Statements. Except as provided in Sections 10(f)-(g) below,
Executive agrees that, both during the employment relationship and for a two-year period after the Termination Date, Executive will not make, nor assist or direct any other person or entity in making, any oral
or written statements about the Company or any of its Affiliates’ directors, officers, employees, agents, investors or representatives that are untruthful 

  
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and harmful to the business interest or reputation of the Company or any of its Affiliates; or that disclose private or confidential information about the Company or any of its Affiliates’
business affairs, directors, officers, employees, agents, investors or representatives; or that constitute an intrusion into the seclusion or private lives of the Company’s or any of its Affiliates’ directors, officers, employees, agents,
investors or representatives; or that give rise to negative publicity about the private lives of such directors, officers, employees, agents, investors or representatives; or that place such directors, officers, employees, agents, investors or
representatives in a false light before the public; or that constitute a misappropriation of the name or likeness of such directors, officers, employees, agents, investors or representatives. A violation or threatened violation of this prohibition
may be enjoined. This Section does not apply to communications with regulatory authorities or other communications protected or required by law. 

(e)    Acknowledgement. Executive acknowledges and agrees that a significant inducement for the
Company’s provision of benefits to Employee under this Agreement, and agreement to provide its Confidential Information and its goodwill upon the execution of this Agreement, is the mutual desire of the Company and Executive that Executive
learn relevant aspects of the Company’s Confidential Information on a continuing and ongoing basis after the execution of this Agreement. Executive will be able to use such additional Confidential Information, in conjunction with the
Company’s goodwill, to further the Company’s business interests. In exchange for the Company’s agreement to provide, and the ongoing provision of, Confidential Information, Executive agrees to the restrictions imposed herein,
including the non-solicitation, non-recruitment, non-competition, and non-disparagement
restrictions, as reasonable and necessary to protect the Company’s legitimate business interests. Executive’s non-solicitation, non-recruitment, non-competition, and non-disparagement covenants set forth herein are separate and severable obligations. 

(f)    Nothing in the Agreement will prohibit or restrict the Company, its Affiliates, Executive or Executive’s
respective attorneys from: (i) making any disclosure of relevant and necessary information or documents in any action, investigation, or proceeding relating to the Agreement, or as required by law or legal process, including with respect to
possible violations of law; (ii) participating, cooperating, or testifying in any action, investigation, or proceeding with, or providing information to, any governmental agency or legislative body, any self-regulatory organization, and/or
pursuant to the Sarbanes-Oxley Act; or (iii) accepting any U.S. Securities and Exchange Commission awards. In addition, nothing in the Agreement prohibits or restricts the Company, its Affiliates or Executive from initiating communications
with, or responding to any inquiry from, any regulatory or supervisory authority regarding any good faith concerns about possible violations of law or regulation provided, however, that, except as provided in Section 10(g), Executive
agrees that in the event Executive is served with a subpoena, document request, interrogatory, or any other legal process that requires Executive to disclose any Confidential Information, whether during the Employment Period or thereafter, Executive
will, to the extent permitted by law, notify the Company’s Board of Directors of such fact, in writing, and provide a copy of such subpoena, document request, interrogatory, or other legal process, promptly after receipt thereof. 

(g)    Pursuant to 18 U.S.C. § 1833(b), Executive will not be held criminally or civilly liable under any Federal or
State trade secret law for the disclosure of a trade secret of the Company or its Affiliates that (i) is made (A) in confidence to a Federal, State, or local 

  
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government official, either directly or indirectly, or to Executive’s attorney and (B) solely for the purpose of reporting or investigating a suspected violation of law; or (ii) is
made in a complaint or other document that is filed under seal in a lawsuit or other proceeding. Further, nothing in this Agreement, or any other agreement or policy, shall prevent Executive from, or expose Executive to criminal or civil liability
under and Federal or State trade secret law for filing a charge or complaint with, communicating with, participating in any investigation or proceeding or otherwise directly or indirectly sharing any Company trade secret or other Confidential
Information (except information protected by the Company’s attorney-client or work product privilege) with an attorney or with any federal, state, or local government agencies, regulators, or officials, for the purpose of investigating or
reporting a suspected violation of law, whether in response to a subpoena or otherwise, without providing notice to the Company. If Executive files a lawsuit for retaliation by the Company for reporting a suspected violation of law, Executive may
disclose the trade secret to Executive’s attorney and use the trade secret information in the court proceeding, if Executive files any document containing the trade secret under seal and does not disclose the trade secret except under court
order. Nothing in the Agreement is intended to conflict with 18 U.S.C. § 1833(b) or create liability for disclosures of trade secrets that are expressly allowed by such section.     

11.    Duty to Return Company Documents and Property. Upon the termination of Executive’s employment
with the Company, for any reason whatsoever, Executive shall immediately return and deliver to the Company any and all papers, books, records, documents, memoranda and manuals, e-mail, electronic or magnetic
recordings or data, including all copies thereof, belonging to the Company, containing Confidential Information, in Executive’s possession, whether prepared by Executive or others. If at any time after the Employment Period, Executive
determines that Executive has any Confidential Information in Executive’s possession or control, Executive shall immediately return to the Company all such Confidential Information in Executive’s possession or control, including all copies
and portions thereof. 
 12.    Employee Developments. 

(a)    Assignment of Employee Developments. Executive agrees that any and all Employee Developments (as
defined below) shall be and remain the sole and exclusive property of the Company. Executive hereby assigns to the Company, without additional compensation, all right, title and interest Executive has in and to any Employee Developments. If
copyright protection is available for any Employee Development, such Employee Development will be considered a “work for hire” as that term is defined under copyright law and will be the exclusive property of the Company. 

(b)    Executive Duties. During and after Executive’s employment with the Company or any of its
Subsidiaries, Executive shall, without additional compensation: (i) promptly disclose to the Company any Employee Development, specifically identifying any inventions, improvements or other portions of the Employee Development that are
potential patentable or susceptible to protection as a trade secret; (ii) execute and deliver any and all applications, assignments, documents, and other instruments that the Company shall deem necessary to protect the right, title and interest
of the Company or its designee in or to any Employee Development; (iii) reasonably cooperate and assist in providing information for making and completing regulatory and other filings in connection with any Employee Development;
(iv) reasonably 

  
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cooperate and assist in providing information for or participating in any action, threatened action, or considered action relating to any Employee Development; and (v) take any and all other
actions as the Company may otherwise require with respect to any Employee Development. 
 (c)    Third Party
Obligations. Executive acknowledges that the Company from time to time may have agreements with other persons or entities which impose obligations or restrictions on the Company regarding development-related work made during the course of
work thereunder or regarding the confidential nature of such work. Executive agrees to be bound by all such obligations and restrictions and to take all action necessary to discharge the obligations of the Company. 

(d)    Executive recognizes that all ideas, inventions, and discoveries of the type described in this
Section 12, conceived or made by Executive alone or with others within one year after termination of employment with the Company or any of its Subsidiaries (voluntary or otherwise), are likely to have been conceived in
significant part either while employed by the Company or as a direct result of knowledge Executive had of proprietary information or Confidential Information. Accordingly, Executive agrees that such ideas, inventions or discoveries shall be presumed
to have been conceived during Executive’s employment with the Company, unless and until the contrary is clearly established by Executive, and shall be treated as Employee Developments hereunder. 

13.    Non-Solicitation Restriction. To protect the Confidential
Information, and in the event of Executive’s termination of employment for any reason whatsoever, whether by Executive or the Company, it is necessary to enter into the following restrictive covenants, which are ancillary to the enforceable
promises between the Company and Executive in Sections 10 through 12 of the Agreement. Executive hereby covenants and agrees that during the Employment Period and for one year following the Termination Date, Executive will not,
directly or indirectly, either individually or as a principal, partner, agent, consultant, contractor, employee, or as a director or officer of any corporation or association, or in any other manner or capacity whatsoever, except on behalf of the
Company or an Affiliate, solicit business, or attempt to solicit business, in products or services competitive with any products or services sold (or offered for sale) by the Company or any Affiliate, from the Company’s or its Affiliate’s
customers or prospective customers, or those individuals or entities with whom the Company or its Affiliate did business during the Employment Period, including, without limitation, the Company’s or its Affiliate’s prospective or potential
customers, nor shall Executive detrimentally interfere with any such of the Company’s or its Affiliate’s contractors or consultants. 

14.    Non-Competition Restriction. Executive hereby covenants and
agrees that during Executive’s employment with the Company or any of its Affiliates, and for a period of one year following the Termination Date, Executive will not, without the prior written consent of the Board, participate in any capacity,
directly or indirectly (whether as proprietor, stockholder, director, partner, employee, agent, independent contractor, consultant, trustee, beneficiary, or in any other capacity), with any Competitor; provided, however, Executive
shall not be deemed to be participating with a Competitor solely by virtue of Executive’s ownership of not more than one percent (1%) of any class of stock or other securities which are publicly traded on a national securities exchange or in a
recognized over-the-counter market. 

  
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 15.    Non-Recruitment
Restriction. Executive hereby covenants and agrees that during Executive’s employment with the Company or any of its Affiliates, and for a period of two years following the Termination Date, Executive will not, either directly or
indirectly, or by acting in concert with others, recruit, solicit, or influence any employee, consultant, officer, or director of the Company or any Affiliate, nor any person who is or was engaged in such a position at any time within the preceding six-month period, to terminate or reduce his or her employment or service with the Company or any Affiliate. 

16.    Tolling. If Executive violates any of the restrictions contained in Sections 10 through
15, the restrictive period will be suspended and will not run in favor of Executive from the time of the commencement of any violation until the time when Executive cures the violation to the Company’s reasonable satisfaction. 

17.    Reformation. If an arbitrator or reviewing court concludes that any aspect of the restrictive
covenants in Sections 10 through 15 is unenforceable, then the arbitrator or reviewing court shall have the authority to “blue pencil” or otherwise modify such provision so that the restrictions shall be enforced to the full
extent permitted by law, and while maintaining the parties’ original intent to the maximum extent possible. 

18.    Remedies. Executive acknowledges that the restrictions contained in Sections 10 through
15, in view of the nature of the Company’s business, are reasonable and necessary to protect the Company’s legitimate business interests, and that any violation of the Agreement would result in irreparable and continuing injury to
the Company for which there is no adequate remedy at law. Thus, in addition to the Company’s right to arbitrate disputes hereunder, in the event of a breach or a threatened breach by Executive of any provision of Sections 10 through
15, the Company shall be entitled to obtain emergency equitable relief, including a temporary restraining order and/or preliminary injunction in aide of arbitration, from any state or federal court of competent jurisdiction, without first
posting a bond, to restrain Executive from the commission of any breach. Upon the issuance (or denial) of an injunction, the underlying merits of any dispute will be resolved in accordance with the arbitration provisions of Section 26 of this
Agreement. Nothing contained in the Agreement shall be construed as prohibiting the Company from pursuing any other remedies available to it for any such breach or threatened breach, including, without limitation, the recovery of money damages.
These covenants and disclosures shall each be construed as independent of any other provisions in the Agreement, and the existence of any claim or cause of action by Executive against the Company, whether predicated on the Agreement or otherwise,
shall not constitute a defense to the enforcement by the Company of such covenants and agreements. 

19.    Withholdings. The Company may withhold and deduct from any benefits and payments made or to be
made pursuant to the Agreement (a) all federal, state, local and other taxes as may be required pursuant to any law or governmental regulation or ruling and (b) all other normal employee deductions made with respect to the Company’s
employees generally. 
 20.    Nonalienation. The right to receive payments under the Agreement
shall not be subject in any manner to anticipation, alienation, sale, transfer, assignment, pledge or encumbrance by Executive, Executive’s dependents or beneficiaries, or to any other person who is or may become entitled to receive such
payments hereunder. The right to receive payments 

  
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hereunder shall not be subject to or liable for the debts, contracts, liabilities, engagements or torts of any person who is or may become entitled to receive such payments, nor may the same be
subject to attachment or seizure by any creditor of such person under any circumstances, and any such attempted attachment or seizure shall be void and of no force and effect. 

21.    Incompetent or Minor Payees. Should the Reporting Authority determine, in its discretion, that
any person to whom any payment is payable under the Agreement has been determined to be legally incompetent or is a minor, any payment due hereunder, notwithstanding any other provision of the Agreement to the contrary, may be made in any one or
more of the following ways: (a) directly to such minor or person; (b) to the legal guardian or other duly appointed personal representative of the person or estate of such minor or person; or (c) to such adult or adults as have, in
the good faith knowledge of the Reporting Authority, assumed custody and support of such minor or person; and any payment so made shall constitute full and complete discharge of any liability under the Agreement in respect to the amount paid. 

22.    Indemnification. THE COMPANY SHALL, TO THE FULL EXTENT PERMITTED BY LAW, INDEMNIFY AND HOLD HARMLESS
EXECUTIVE FROM AND AGAINST ANY AND ALL LIABILITY, COSTS AND DAMAGES ARISING FROM EXECUTIVE’S SERVICE AS AN EMPLOYEE, OFFICER OR DIRECTOR OF THE COMPANY OR ITS AFFILIATES, SPECIFICALLY INCLUDING LIABILITY, COSTS AND DAMAGES THAT ARISE IN WHOLE
OR IN PART FROM ANY NEGLIGENCE OR ALLEGED NEGLIGENCE OF EXECUTIVE, EXCEPT, HOWEVER, TO THE EXTENT THAT ANY SUCH LIABILITY, COST OR DAMAGE RESULTED FROM AN ACT OR OMISSION BY EXECUTIVE THAT CONSTITUTES GROSS NEGLIGENCE OR WILLFUL MISCONDUCT ON
EXECUTIVE’S PART. Executive shall also be provided directors’ and officers’ liability insurance and any contractual indemnification provided to Senior Officers at any given time. To the full extent permitted by Texas law, the Company
shall retain counsel to defend Executive, or shall advance legal fees and expenses to Executive for counsel selected by Executive, in connection with any litigation or proceeding related to Executive’s service as an employee, officer and
director of the Company or any Affiliate within 20 days after receipt by the Company of a written request for such advance. Such request shall include an itemized list of the costs and expenses and an undertaking by Executive to repay the amount of
such advance if it shall ultimately be determined that Executive is not entitled to be indemnified against such costs and expenses. This Section 22 shall be in addition to, and shall not limit in any way, the rights of Executive to any other
indemnification from the Company, as a matter of law, contract or otherwise. Notwithstanding the foregoing, the provisions in this Section 22 may be superseded and replaced by a separate indemnification agreement entered into between the
Company and Executive. 
 23.    Severability. It is the desire of the parties hereto that
the Agreement be enforced to the maximum extent permitted by law, and should any provision contained herein be held unenforceable by a court of competent jurisdiction or arbitrator (pursuant to Section 26), the parties hereby agree and
consent that such provision shall be reformed to create a valid and enforceable provision to the maximum extent permitted by law; provided, however, if such provision cannot be reformed, it shall be deemed ineffective and deleted here from without
affecting any other provision of the Agreement. The Agreement should be construed by limiting and reducing it only to the minimum extent necessary to be enforceable under then applicable law. 

  
 12 

 24.    Title and Headings; Construction. Titles and
headings to Sections hereof are for reference only and shall in no way limit, define or otherwise affect the provisions hereof. The words “herein”, “hereof”, “hereunder” and other compounds of the word “here”
shall refer to the entire Agreement and not to any particular provision hereof. The masculine gender is intended to include the feminine gender. 

25.    Choice of Law. EXCEPT AS OTHERWISE SPECIFICALLY PROVIDED HEREIN, THE AGREEMENT SHALL BE
GOVERNED BY AND CONSTRUED IN ACCORDANCE WITH THE LAWS OF THE STATE OF TEXAS, WITHOUT REGARD TO THE PRINCIPLES OF CONFLICTS OF LAW. 

26.    Arbitration. Subject to Section 18, any past, present, or future dispute or other
controversy (hereafter a “Dispute”) arising under or in connection with Executive’s employment with the Company or any Affiliate, or the termination thereof, and/or the Agreement, whether in contract, in tort, statutory or
otherwise, and including both claims brought by Executive and claims brought against Executive, shall be finally and solely resolved by binding arbitration in Harris County, Texas, administered by the American Arbitration Association (the
“AAA”) in accordance with the Employment Arbitration Rules and Mediation Procedures of the AAA, this Section 26 and, to the maximum extent applicable, the Federal Arbitration Act (provided that nothing
herein shall require arbitration of a Dispute which, by law, cannot be the subject of a compulsory arbitration agreement). Such arbitration shall be conducted by a single arbitrator (the “Arbitrator”). If the parties cannot agree on
the choice of an Arbitrator within 30 days after the Dispute has been filed with the AAA, then the Arbitrator shall be selected pursuant to the Employment Arbitration Rules and Mediation Procedures of the AAA. The Arbitrator may proceed to an award
notwithstanding the failure of any party to participate in such proceedings. Except as set forth in Section 18, above, the arbitrator, and not any federal or state court, shall have exclusive authority to resolve any dispute relating to the
interpretation, applicability, enforceability, and/or formation of this Agreement, including any dispute as to whether (i) a particular claim is subject to arbitration hereunder, and/or (ii) any part of this Section 26 is void or
voidable. The costs of the arbitration and arbitrator fees shall be borne equally by the parties, and each party shall bear its own legal costs and related expenses in connection with any arbitration. However, if Executive is the prevailing party in
any final and binding arbitral award on a material issue in the arbitration proceeding, the Company shall reimburse Executive for Executive’s reasonable attorney’s fees incurred in connection with the arbitration. 

To the maximum extent practicable, an arbitration proceeding hereunder shall be concluded within 180 days of the filing of the Dispute with the AAA. The
Arbitrator may allow discovery in its discretion but shall be mindful of the Parties’ goal of settling disputes in the most efficient manner possible. The Arbitrator shall be empowered to impose sanctions and to take such other actions as the
Arbitrator deems necessary to the same extent a judge could impose sanctions or take such other actions pursuant to the Federal Rules of Civil Procedure and applicable law. Each party agrees to keep all Disputes and arbitration proceedings strictly
confidential except for disclosure of information required by applicable law which cannot be waived. 

  
 13 

 The award of the Arbitrator shall be (a) the sole and exclusive remedy of the parties,
(b) final and binding on the parties hereto except for any appeals provided by the Federal Arbitration Act, and (c) in writing and shall state the reasons for the award. Only the state and federal courts sitting in Houston, Texas shall
have jurisdiction to enter a judgment upon any award rendered by the Arbitrator, and the parties hereby consent to the personal jurisdiction of such courts and waive any objection that such forum is inconvenient. Unless prohibited by law, the
parties agree to take all steps necessary to protect the confidentiality of the Dispute and all materials from the arbitration in connection with any court proceeding, agree to use their reasonable best efforts to file all Confidential Information
(and all documents containing Confidential Information) under seal in any court proceeding permitted herein, and agree to the entry of an appropriate protective order encompassing the confidentiality terms of this Agreement. This
Section 26 shall not preclude (i) the parties at any time from agreeing to pursue non-binding mediation of the Dispute prior to arbitration hereunder (provided that neither party
shall be obligated to participate in non-binding mediation against its will) or (ii) the Company from pursuing the remedies available under Section 18 in any court of competent
jurisdiction. 
 27.    Binding Effect: Third Party Beneficiaries. The Agreement shall be binding
upon and inure to the benefit of the parties hereto, and to their respective heirs, executors, beneficiaries, personal representatives, successors and permitted assigns hereunder, but otherwise the Agreement shall not be for the benefit of any third
parties. 
 28.    Entire Agreement; Amendment and Termination. The Agreement contains the entire
agreement of the parties with respect to Executive’s employment and the other matters covered herein; moreover, the Agreement supersedes all prior and contemporaneous agreements and understandings, oral or written, between the Parties hereto
concerning the subject matter hereof. Notwithstanding the foregoing, any indemnity agreement between the Company and Executive as of the Effective Date shall continue in effect until otherwise amended or superseded. The Agreement may be amended,
waived or terminated only by a written instrument that is identified as an amendment or termination hereto and that is executed on behalf of both Parties. 

29.    Survival of Certain Provisions. Wherever appropriate to the intention of the Parties, the
respective rights and obligations of the Parties hereunder, including but not limited to the rights and obligations set out in Sections 2, 5 through 7, 10 through 18, 22, 25, 26 and 32
shall survive any termination or expiration of the Agreement. 
 30.    Waiver of Breach. No waiver
by either Party hereto of a breach of any provision of the Agreement by any other Party, or of compliance with any condition or provision of the Agreement to be performed by such other Party, will operate or be construed as a waiver of any
subsequent breach by such other Party or any similar or dissimilar provision or condition at the same or any subsequent time. The failure of either Party hereto to take any action by reason of any breach will not deprive such Party of the right to
take action at any time while such breach continues. 
 31.    Successors and Assigns. The
Agreement shall be binding upon and inure to the benefit of the Company and its Affiliates, and its and their successors, and upon any person or entity acquiring, whether by merger, consolidation, purchase of assets or otherwise, all or

  
 14 

 
substantially all of the business and/or assets of the Company or its successor. The Company shall require any successor (whether direct or indirect, by purchase, merger, consolidation or
otherwise) to all or substantially all of the business or assets of the Company to expressly assume and agree to perform the Agreement in the same manner and to the same extent that the Company would be required to perform it if no such succession
had taken place; provided, however, no such assumption shall relieve the Company of its obligations hereunder. 
 The Agreement shall inure to the benefit
of and be enforceable by Executive’s personal or legal representative, executors, administrators, successors, and heirs. In the event of the death of Executive while any amount is payable hereunder including, without limitation, pursuant to
Sections 2, 5, 6, and 7, all such amounts, unless otherwise specifically provided herein, shall be paid in accordance with the terms of the Agreement to the beneficiary designated by Executive in a writing delivered to
the Company, or if none, to Executive’s surviving spouse if any, or if not, then to the personal representative of Executive’s estate. 

32.    Notices. Each notice or other communication required or permitted under the Agreement shall be in writing
and transmitted, delivered, or sent by personal delivery, prepaid courier or messenger service (whether overnight or same-day), or prepaid certified United States mail (with return receipt requested),
addressed (in any case) to the other Party at the address for that Party set forth below that Party’s signature on the Agreement, or at such other address as the recipient has designated by notice to the other Party. Either party may change the
address for notice by notifying the other party of such change in accordance with this Section 32.Each notice or communication so transmitted, delivered, or sent (a) in person, by courier or messenger service, or by
certified United States mail shall be deemed given, received, and effective on the date delivered to or refused by the intended recipient (with the return receipt, or the equivalent record of the courier or messenger, being deemed conclusive
evidence of delivery or refusal), or (b) by telecopy or facsimile shall be deemed given, received, and effective on the date of actual receipt (with the confirmation of transmission being deemed conclusive evidence of receipt, except where the
intended recipient has promptly notified the other Party that the transmission is illegible). Nevertheless, if the date of delivery or transmission is not a business day, or if the delivery or transmission is after 5:00 p.m. on a business day, the
notice or other communication shall be deemed given, received, and effective on the next business day. 

33.    Executive Acknowledgment. Executive acknowledges that (a) Executive is knowledgeable and sophisticated
as to business matters, including the subject matter of the Agreement, (b) Executive has read the Agreement and understands its terms and conditions, (c) Executive has had ample opportunity to discuss the Agreement with Executive’s
legal counsel prior to execution, and (d) no strict rules of construction shall apply for or against the drafter or any other Party. Executive represents that Executive is free to enter into the Agreement including, without limitation, that
Executive is not subject to any covenant not to compete that would conflict with Executive’s duties under the Agreement. 

34.    Code Section 409A. The Agreement is intended to comply with, or be exempt from, Code
Section 409A. Executive acknowledges that if any provision of the Agreement (or of any award of compensation or benefits) would cause Executive to incur any additional tax, interest or penalties under Code Section 409A, such additional
tax, interest or penalties shall solely be Executive’s responsibility. 

  
 15 

 Pursuant to Code Section 409A, any reimbursement of expenses made under the Agreement
(including payments related to health and dental expenses under Sections 5 through 7), shall only be made for eligible expenses incurred during the Term of Employment, and no reimbursement of any expense shall be made by the Company
after December 31st of the year following the calendar year in which the expense was incurred. The amount eligible for reimbursement under the Agreement during a taxable year may not affect expenses eligible for reimbursement in any other taxable
year, and the right to reimbursement under the Agreement is not subject to liquidation or exchange for another benefit. 
 For purposes of
Code Section 409A, each payment under this Agreement shall be deemed to be a separate payment. Except as permitted under Code Section 409A, any deferred compensation (within the meaning of Code Section 409A) payable to Executive under
the Agreement may not be reduced by, or offset against, any amount owing by Executive to the Company or any of its Affiliates. 

Notwithstanding anything in this Agreement or elsewhere to the contrary, payments and benefits provided upon the termination of
Executive’s employment with the Company or any of its Affiliates may only be made upon a “separation from service” as determined under Code Section 409A. 

Notwithstanding any provision in the Agreement to the contrary, if the payment or provision of any payment or benefit herein would be subject to additional
taxes, penalties and interest under Code Section 409A because the timing of such payment or benefit is not delayed as provided in Code Section 409A for a “specified employee” (within the meaning of Code Section 409A), then
if Executive is a “specified employee,” any such payment or benefit that Executive would otherwise be entitled to receive during the first six months following the Termination Date shall be accumulated and paid or provided, as applicable,
within ten days after the date that is six months following the Termination Date, or such earlier date upon which such amount can be paid or provided under Code Section 409A without being subject to such additional taxes, penalties and interest
such as upon the death of Executive. 
 35.    Counterparts. The Agreement may be executed in any number of
counterparts, each of which when so executed and delivered shall be an original, but all such counterparts shall together constitute one and the same instrument. Each counterpart may consist of a copy hereof containing multiple signature pages, each
signed by one party hereto, but together signed by both parties. 

  
 16 

 IN WITNESS WHEREOF, Executive has executed and Company has caused the Agreement to be executed in its name
and on its behalf by its duly authorized officer, to be effective as of the Effective Date. 
  

			
	EXECUTIVE:
		
	Signature:	 	 /s/ Bryan R. Collins

		 	Bryan R. Collins

			
		
	Date:	 	 March 26, 2019

	
	Address for Notices:

			
	
	The address the Company most recently has on file
	
	PARKER DRILLING COMPANY:
		
	By:	 	 /s/ Jennifer F. Simons

		
	Date:	 	 March 26, 2019

 Address for Notices: 

Parker Drilling Company 
 Attn: Chairman, Compensation Committee
of the Board of Directors 
 5 Greenway Plaza 
 Suite 100 

Houston, TX 77046 

 APPENDIX A 

DEFINITIONS 
 For purposes of the
Agreement: 
 (1)    “Affiliate” means any entity which owns or controls, is owned or
controlled by, or is under common control with, the Company. 
 (2)    “Board” means the
Board of Directors of the Company. 
 (3)    “Cause” means any of the following: 

(A)    the refusal to perform Executive’s material job duties that continues after written notice from the Company;

 (B)    Executive’s material violation of a material policy of the Company that causes, or is reasonably likely
to cause, material harm to the business or reputation of the Company that is not cured within 15 days of written notice from the Company; 

(C)    Executive’s willful misconduct in the course of Executive’s duties that causes, or is reasonably likely
to cause, material harm to the business or reputation of the Company; 
 (D)    Executive’s conviction of a
felony; or 
 (E)    Executive’s material breach of any of any restrictive covenants (including Sections 10
through 15), but Cause shall not exist under this clause (E) until after written notice from the Reporting Authority has been given to Executive of such material breach or nonperformance (which notice specifically identifies the manner
and sets forth specific facts, circumstances and examples in which the Reporting Authority reasonably believes that Executive has breached the Agreement or not substantially performed Executive’s duties) and Executive has failed to cure such
alleged breach or nonperformance within 15 business days after Executive’s receipt of such notice; and, for purposes of this clause (E), no act or failure to act on Executive’s part shall be deemed “willful” unless it is done or
omitted by Executive not in good faith and without Executive’s reasonable belief that such action or omission was in the best interest of the Company (assuming disclosure of the pertinent facts, any action or omission by Executive after
consultation with, and in accordance with the advice of, legal counsel reasonably acceptable to the Company shall be deemed to have been taken in good faith and to not be willful under the Agreement). 

Executive shall not be deemed to have been terminated for Cause unless and until there shall have been delivered to Executive a letter from the Reporting
Authority stating that, in the good faith opinion of the Reporting Authority, Executive was guilty of actions or omissions constituting Cause and specifying the particulars thereof in detail. 

  
 A-1 

 (4)     “Change in Control” shall have
the meaning set forth in the Parker Drilling Company 2019 Long-Term Incentive Plan as in effect on the date hereof (the “LTIP”). 

(5)    “Code” means the Internal Revenue Code of 1986, as amended, or its successor.
References herein to any Code Section shall include any successor provisions of the Code. 

(6)    “Competitor” means an individual, partnership, firm, corporation or other business
organization or entity that materially competes with the Company or any of its Subsidiaries, or conducts a similar business function to the Company, its Affiliates, or any of its Subsidiaries, within any geographic area where the Company operates,
or operated during Executive’s employment with the Company or any Affiliate. 

(7)    “Confidential Information” means any nonpublic, proprietary information or
material, including any information or material known to or used by or for the Company or an Affiliate (whether or not owned or developed by the Company or an Affiliate and whether or not developed by Executive) that is not generally known to any
person not employed by or acting as a director or consultant to the Company or its Affiliates. Confidential Information includes, but is not limited to, the following: all trade secrets of the Company or an Affiliate; all non-public information that the Company or an Affiliate has marked as confidential or has otherwise described to Executive (either in writing or orally) as confidential or that is required to be maintained as
confidential under governing law or regulation or under an agreement with any third parties; all non-public information concerning the Company’s or Affiliate’s products, services, prospective
products or services, research, product designs, prices, discounts, costs, marketing plans, marketing techniques, market studies, test data, customers, customer lists and records, suppliers and contracts; all business records and plans; all
personnel files; all financial information of or concerning the Company or an Affiliate; all information relating to the Company’s operating system software, application software, software and system methodology, hardware platforms, technical
information, inventions, computer programs and listings, source codes, object codes, copyrights and other intellectual property; all technical specifications; any proprietary information belonging to the Company or an Affiliate; all computer
hardware or software manuals of the Company or an Affiliate; all Company or Affiliate training or instruction manuals; and all Company or Affiliate data and all computer system passwords and user codes. 

(8)    “Designated Beneficiary” means such beneficiary as designated in writing by
Executive and delivered to the Company; or if none, Executive’s surviving spouse, if any. If there is no written beneficiary designation or surviving spouse at the time of Executive’s death, then the Designated Beneficiary hereunder shall
be the legal representative of Executive’s estate for the benefit of such estate. 

(9)    “Disability” means, upon expiration of any applicable waiting/elimination period, a
disability of Executive that qualifies Executive for long-term disability benefits. 

  
 A-2 

 (10)    “Dispute” means any dispute or
controversy arising under or in connection with the Agreement, whether in contract, in tort, statutory or otherwise. 

(11)    “Excise Tax” means the excise imposed by Section 4999 of the Code or any
similar or successor provision thereto. 
 (12)    “Employee Developments” means all
inventions, ideas, and discoveries (whether patentable or not), designs, products, processes, procedures, methods, developments, formulae, techniques, analyses, drawings, notes, documents, information, materials, and improvements, including, but not
limited to, computer programs and related documentation, and all intellectual property rights therein, made, conceived, developed, or prepared, in whole or in part, by Executive during the course of employment with the Company, alone or with others,
whether or not during work hours or on Company premises, which are (a) within the scope of business operations of the Company, or a reasonable or contemplated expansion thereof, (b) related to any Company or Affiliate work or project,
present, past or contemplated, (c) created with the aid of Company materials, equipment, facilities or personnel, or (d) based upon information to which Executive has access as a result of or in connection with Executive’s employment
with the Company. 
 (13)    “Good Reason” means the occurrence of any of the following
events or conditions without Executive’s express written consent: 
 (A)    a material diminution in
Executive’s titles, duties or authorities; 
 (B)    a material diminution in Executive’s Base
Salary or annual incentive cash compensation target amount; 
 (C)    the Company’s material
violation of the Agreement; or 
 (D)    a relocation of Executive’s primary office location by
more than 50 miles if such relocation materially increases Executive’s commute. 
 Notwithstanding the definition of “Good
Reason” for purposes of the Agreement, Executive may not terminate Executive’s employment hereunder for Good Reason unless Executive (i) first notifies the Board in writing of the event or condition (or events or conditions) which
Executive believes constitutes a Good Reason event or condition and the specific paragraph of the Agreement under which such event or condition has occurred, within 45 days from the date of such event or condition arising, (ii) provides the
Company with at least 15 days to cure the Good Reason event or condition so that it either (1) does not constitute a Good Reason event or condition hereunder or (2) Executive reasonably agrees, in writing, that after any such modification
or accommodation made by the Company that such event shall not constitute a Good Reason event or condition hereunder, and (iii) in the event the Company fails to so cure the Good Reason event or condition, Executive actually terminates
employment with the Company within 15 days following the expiration of such cure period. 

  
 A-3 

 (14)    “Net
After-Tax Receipt” means the present value (as determined in accordance with Section 280G of the Code) of the Payments net of all applicable federal, state and local income, employment, and other
applicable taxes and the Excise Tax. 
 (15)    “Outstanding Company Common Stock” means
the then outstanding shares of common stock of the Company. 
 (16)    “Outstanding Company
Voting Securities” means the combined voting power of the then outstanding voting securities of the Company entitled to vote generally in the election of directors. 

(17)    “Reporting Authority” means the Chief Executive Officer of the Company or with
respect to the Chief Executive Officer, the Board. 
 (18)     “Subsidiary” means any
corporation, partnership, trust or other entity controlled by the Company. 

(19)    “Termination Date” means the date on which Executive’s employment with the
Company terminates, whether during the Term of Employment or at any time thereafter, for whatever reason, and such termination constitutes a “separation from service” within the meaning of Code Section 409A. 

  
 A-4 

 APPENDIX B 

FORM WAIVER AND RELEASE 

Pursuant to the terms of the Employment Agreement made as of             ,
        , between Parking Drilling Company (the “Company”) and me (the “Employment Agreement”), and in consideration of the payments made to me and other benefits to be received by me
pursuant thereto, I, Bryan R. Collins, do freely and voluntarily enter into this WAIVER AND RELEASE (the “Release”), which shall become effective and binding on the eighth day following my signing the Release as provided herein (the
“Effective Date”). It is my intent to be legally bound, according to the terms set forth below. 
 In exchange for the payments and other benefits
to be provided to me by the Company pursuant to Section          of the Employment Agreement (the “Separation Payment” and “Separation Benefits”), I hereby agree and state as follows: 

 

	1.	 I, individually and on behalf of my heirs, personal representatives, successors, and assigns, release, waive,
and discharge Company, its predecessors, successors, parents, subsidiaries, merged entities, operating units, affiliates, divisions, insurers, administrators, trustees, and the agents, representatives, officers, directors, shareholders, employees
and attorneys of each of the foregoing (hereinafter the “Released Parties”), from all claims, debts, liabilities, demands, obligations, promises, acts, agreements, costs, expenses, damages, actions, and causes of action, whether in law or
in equity, whether known or unknown, suspected or unsuspected, arising from my employment and termination from employment with Company, including but not limited to any and all claims pursuant to Title VII of the Civil Rights Act of 1964, as amended
by the Civil Rights Act of 1991 (42 U.S.C. § 2000e, et seq.), which prohibits discrimination in employment based on race, color, national origin, religion or sex; the Civil Rights Act of 1866 (42 U.S.C. §§1981, 1983 and 1985),
which prohibits violations of civil rights; the Age Discrimination in Employment Act of 1967, as amended, and as further amended by the Older Workers Benefit Protection Act (29 U.S.C. §621, et seq.), which prohibits age discrimination in
employment; the Employee Retirement Income Security Act of 1974, as amended (29 U.S.C. § 1001, et seq. ), which protects certain employee benefits; the Americans with Disabilities Act of 1990, as amended (42 U.S.C. § 12101, et
seq.), which prohibits discrimination against the disabled; the Family and Medical Leave Act of 1993 (29 U.S.C. § 2601, et seq.), which provides medical and family leave; the Fair Labor Standards Act (29 U.S.C. § 201, et
seq.), including the wage and hour laws relating to payment of wages; and all other federal, state and local laws and regulations prohibiting employment discrimination. This Release also includes, but is not limited to, a release of any claims
for breach of contract, mental pain, suffering and anguish, emotional upset, impairment of economic opportunities, unlawful interference with employment rights, defamation, intentional or negligent infliction of emotional distress, fraud, wrongful
termination, wrongful discharge in violation of public policy, breach of any express or implied covenant of good faith and fair dealing, that Company has dealt with me unfairly or in bad faith, and all other common law contract and tort claims.

  
 B-1 

 Notwithstanding the foregoing, I am not waiving any rights or claims that may arise after
this Release is signed by me. Moreover, this Release does not apply to any claims or rights which, by operation of law, cannot be waived, including the right to file an administrative charge or participate in an administrative investigation or
proceeding. I agree that I will not, without the Company’s express prior approval or unless required by law, furnish information to or cooperate with any non-governmental entity or person in connection
with any proceeding or legal action involving the Company. However, nothing in this Release prohibits me from filing a charge with, or reporting possible violations of federal law or regulation to any governmental agency or entity, including but not
limited to the U.S. Equal Opportunity Commission, the Department of Justice, the Securities and Exchange Commission, Congress, and any agency Inspector General, or making other disclosures that are protected under the whistleblower provisions of
federal law or regulation. This Release does not limit my ability to communicate with any government agencies or participate in any investigation or proceeding that may be conducted by any government agency, including providing documents or other
information, without notice to the Company. In addition, this Release does not limit my right to receive an award for information provided to any government agencies. Further, I acknowledge that I have been advised that an individual shall not be
held criminally or civilly liable under any federal or state trade secret law for the disclosure of a trade secret that (a) is made (i) in confidence to a federal, state, or local government official, either directly or indirectly, or to
an attorney; and (ii) solely for the purpose of reporting or investigating a suspected violation of law; or (b) is made in a complaint or other document filed in a lawsuit or other proceeding, if such filing is made under seal. An
individual who files a lawsuit for retaliation by an employer for reporting a suspected violation of law may disclose the trade secret to the attorney of the individual and use the trade secret information in the court proceeding, if the individual
(I) files any document containing the trade secret under seal; and (II) does not disclose the trade secret, except pursuant to court order. 
  

	2.	 Nothing in this Release shall affect in any way (a) any right to indemnification (or advancement of legal
fees) and directors and officers liability insurance coverage provided to me pursuant to the Company’s bylaws, my Employment Agreement, and/or pursuant to any other agreements or policies in effect prior to the effective date of my termination,
which shall continue in full force and effect, in accordance with their terms, following the Effective Date; (b) any right that cannot be waived by private agreement under law; (c) any right to any earned and accrued base salary, vacation
or benefits that are earned, but not yet paid or incurred, unreimbursed business expense reimbursements or any severance or other benefits under the Employment Agreement; or (d) my rights as an equity or security holder in the Company or its
affiliates, including, without limitation, any applicable sale, merger or transaction agreement with respect thereto. 

  

	3.	 I forever waive and relinquish any right or claim to reinstatement to active employment with Company, its
affiliates, subsidiaries, divisions, parent, and successors. I further acknowledge that Company has no obligation to rehire or return me to active duty at any time in the future. 

  
 B-2 

	4.	 I acknowledge that all agreements applicable to my employment respecting noncompetition, nonsolicitation,
nonrecruitment, derogatory statements, and the confidential or proprietary information of the Company shall continue in full force and effect as described in the Employment Agreement. 

 

	5.	 I hereby acknowledge and affirm as follows: 

 

	 	a.	 I have been advised to consult with an attorney prior to signing this Release. 

 

	 	b.	 I have been extended a period of 45 days in which to consider this Release. 

 

	 	c.	 I understand that for a period of seven days following my execution of this Release, I may revoke the Release
by notifying the Company, in writing, of my desire to do so. 

  

	 	d.	 I understand that after the seven-day period has elapsed and I have not
revoked the Release, it shall then become effective and enforceable. 

  

	 	e.	 I understand that the Separation Payment will not be made and I will not be entitled to the Severance Benefits
made under the Employment Agreement until after the seven-day period has elapsed and I have not revoked the Release. 

  

	 	f.	 I acknowledge that I have received payment for all wages due at the time of my employment termination,
including any reimbursement for any and all business related expenses. 

  

	 	g.	 I further acknowledge that the Separation Payment and the Separation Benefits include consideration to which I
am not otherwise entitled under any Company plan, program, or prior agreement. 

  

	 	h.	 I certify that I have returned all property of the Company, including but not limited to, keys, credit and fuel
cards, files, lists, and documents of all kinds regardless of the medium in which they are maintained. 

  

	 	i.	 I have carefully read the contents of this Release and I understand its contents. I am executing this Release
voluntarily, knowingly, and without any duress or coercion. 

  

	6.	 Other than certain matters for which I was responsible and that were properly resolved in the course of my
employment with the Company, I have reported all matters, to the best of my knowledge and as part of my Separation Payment, that may potentially violate the law, the Company’s Code of Conduct or its policies to the Company’s Chief
Compliance Officer, to its internal legal counsel or through its ethics helpline. To the best of my knowledge, all matters that I have reported have been, or are in the process of being, properly examined and addressed by the Company, or, to the
extent I believe they have not been, I have identified those matters that I do not believe to have been properly examined and addressed by the Company to its Chief Compliance Officer or to its internal legal counsel. 

  
 B-3 

	7.	 I acknowledge that this Release shall not be construed as an admission by any of the Released Parties of any
liability whatsoever, or as an admission by any of the Released Parties of any violation of my rights or of any other person, or any violation of any order, law, statute, duty or contract. 

 

	8.	 I agree that the terms and conditions of this Release are confidential and that I will not, directly or
indirectly, disclose the existence of or terms of this Release to anyone other than my attorney or tax advisor, except to the extent such disclosure may be required for accounting or tax reporting purposes or otherwise be required by law or
direction of a court. Nothing in this provision shall be construed to prohibit me from disclosing this Release to the Equal Employment Opportunity Commission in connection with any complaint or charge submitted to that agency. 

 

	9.	 In the event that any provision of this Release should be held void, voidable, or unenforceable, the remaining
portions shall remain in full force and effect. 

  

	10.	 I hereby declare that this Release constitutes the entire and final settlement between me and the Company,
superseding any and all prior agreements, and that the Company has not made any promise or offered any other agreement, except those expressed in this Release, to induce or persuade me to enter into this Release. 

IN WITNESS WHEREOF, I have signed this Release on the      day of         ,
20    . 
  

	
	  

	Bryan R. Collins

  
 B-4 

 Exhibit A 

INCENTIVE AGREEMENT FOR EMERGENCE AWARD - RESTRICTED STOCK UNIT 

 Exhibit B 

INCENTIVE AGREEMENT FOR EMERGENCE AWARD - STOCK OPTIONEX-10.1

 Exhibit 10.1 

EMPLOYMENT AGREEMENT 

THIS EMPLOYMENT AGREEMENT (this “Agreement”) is made and entered into effective as of March 26, 2019, by and between PGT
Innovations, Inc., a Delaware corporation (the “Employer”), and Sherri Baker, an individual and resident of the State of Texas (the “Employee”). 

RECITALS: 
 Employer
desires to employ Employee upon the terms and conditions set forth herein, and the Employee wishes to accept such employment upon the terms and conditions set forth herein including, without limitation, the nondisclosure and noncompetition covenants
and agreements of the Employee set forth in Sections 7 and 8 hereof, in order to cause Employer to provide Employee the Compensation (as defined herein) and any rights to Termination Pay pursuant to Section 6.2 hereof. 

AGREEMENT 
 In
consideration of the foregoing and the mutual promises and covenants set forth herein, the parties, intending to be legally bound, agree as follows: 

1.    Definitions. 

For the purposes of this Agreement, the following terms have the meanings specified or referred to in this Section 1. 

“Affiliate(s)” means any Person, directly or indirectly controlled by, or under common control with, the Employer or any other
referenced Person. 
 “Agreement” means this Employment Agreement. 

“Annual Performance Bonus” has the meaning set forth in Section 3.2 of this Agreement. 

“Benefits” has the meaning set forth in Section 3.1(b). 

“Board of Directors” means the board of directors of PGT Innovations, Inc. 

“Cause” means the occurrence of any of the following events during the Employment Period: (a) conduct amounting to fraud or
dishonesty against the Employer or any Affiliate of the Employer; (b) the Employee’s intentional misconduct, refusal or failure to follow the lawful directions of the chief executive officer of the Company, or such other senior executive
officer as the Employee may report to from time to time (collectively, the “Senior Managers”) or a breach of this Agreement; (c) intoxication with alcohol or drugs while on the Employer’s property or while carrying out the
business of the Employer; (d) a conviction or plea of guilty or nolo contendere to a felony or to a misdemeanor involving charges of embezzlement, fraud, stealing, theft or assault or battery to others; (e) a material breach or violation
of the Company’s code of conduct, employee handbook or similar policies or rules that is reasonably likely to expose the Company or any of its Affiliates to liability, including without limitation, due to any forms of prohibited harassment; or
(f) the Employee’s failure to observe and comply with the requirements in Sections 7 or 8 hereof. 

  
 1 

 “Compensation” means Salary and Benefits. 

“Confidential Information” means any and all: 

(a) trade secrets concerning the business and affairs of the Employer or any Affiliate of the Employer, product or service specifications,
data, know-how, formulae, compositions, processes, designs, sketches, photographs, graphs, drawings, samples, inventions and ideas, past, current, and planned research and development, current and planned
manufacturing, marketing or distribution methods and processes, customer lists, prospective customer lists, current and anticipated customer requirements, price lists, market studies, business plans, computer software and programs (including object
code and source code), computer software and database technologies, systems, structures, and architectures (and related formulae, compositions, processes, improvements, devices, know-how, inventions,
discoveries, concepts, ideas, designs, methods and information), and any other information, however documented, that is a “trade secret” either under common law or as such term is defined by statute under the laws of any applicable
jurisdiction; 
 (b) information concerning the business and affairs of the Employer or its Affiliates (which includes historical financial
statements, financial projections and budgets, historical and projected sales, capital spending budgets and plans, the names and backgrounds of key personnel, personnel training and techniques and materials), however documented; and 

(c) notes, analysis, compilations, studies, summaries, and other material prepared by or for the Employer or Affiliates of the Employer,
containing or based, in whole or in part, on any information included in the foregoing. 
 “Disability” has the meaning set forth
in Section 6.3. 
 “Employee Invention” means any idea, invention, technique, modification, process, or improvement (whether
patentable or not), and any work of authorship (whether or not copyright protection may be obtained for it) created, conceived, or developed by the Employee, either solely or in conjunction with others, during the Employment Period, or a period that
includes a portion of the Employment Period, that relates in any way to, or is useful in any manner in, the business then being conducted or proposed to be conducted by the Employer or any Affiliate of the Employer, and any such item created by the
Employee, either solely or in conjunction with others, following termination of the Employee’s employment with the Employer, that is based upon or uses Confidential Information; provided, however, that any item so created by the Employee that
is based upon or uses Confidential Information that the Employee demonstrates was or became generally available to the public, other than as a result of a disclosure by the Employee, will not be deemed to be an Employee Invention for any purposes.

  
 2 

 “Employer” is the entity identified on the first page of this Agreement and its
successors and assigns. 
 “Employment Period” means the term of the Employee’s employment with the Employer. 

“Good Reason” means the occurrence of any of the following events during the Employment Period: (a) a material diminution of
the duties or responsibilities of the Employee; or (b) the assignment of the Employee to a worksite outside of a fifty (50) mile radius from the Employer’s current headquarters; provided, however, that none of the foregoing events or
conditions will constitute “Good Reason” unless: (i) Employee provides the Employer with written objection to the event or condition within thirty (30) days following the occurrence thereof, (ii) the Employer does not
reverse or otherwise cure the event or condition within thirty (30) days of receiving that written objection, and (iii) Employee resigns her employment within thirty (30) days following the expiration of that cure period. 

“Incentive Amount” means the target amount payable to the Employee under the Employer’s Annual Incentive Plan for the award
period ending in the year in which the termination of employment occurs. 
 “Noncompetition Agreement” means the agreements and
covenants of the Employee found in Section 8.2. 
 “Noncompetition Period” means a period of time equal to the Employment
Period plus two (2) years, unless this Agreement is terminated by the Employer without Cause or by the Employee with Good Reason, in which case the Noncompetition Period will be for a period of time equal to the Employment Period plus one
(1) year.  
 “Person” means any individual, corporation (including any
non-profit corporation), general or limited partnership, limited liability company, joint venture, estate, trust, association, organization, or governmental body. 

“Proprietary Items” has the meaning set forth in Section 7.2(a)(iv). 

“Salary” has the meaning set forth in Section 3.1(a). 

2.    Employment Term and Duties. 

2.1 Employment. The Employer hereby agrees to employ the Employee in the position of Senior Vice President and Chief Financial Officer,
effective as of April 8, 2019, and the Employee agrees to accept and shall accept that employment by the Employer, effective as of April 8, 2019, upon the terms and conditions set forth in this Agreement. 

2.2 Term. Subject to the provisions of Section 6, the term of the Employee’s employment under this Agreement shall continue until
terminated in accordance with Section 6. 
 2.3 Duties. The Employee will serve as the Senior Vice President and Chief Financial
Officer of PGT Innovations, Inc., with duties and responsibilities associated with and related to 

  
 3 

 
such position, and such other duties and responsibilities as the Employee may be requested to perform by the Employer’s Senior Managers. The Employee will (a) devote the Employee’s
business effort, time, energy and skill (vacations and reasonable absences due to illness excepted) as is necessary to fulfill the duties of her position and those assigned by the Senior Managers, (b) use her best efforts to promote the success
of the business, and (c) cooperate fully with the lawful requests of the Senior Managers in the advancement of the best interests of the Employer and its Affiliates. During the Employment Period, the Employee shall not be engaged in or provide
services to any other business or enterprise which interferes with the Employee’s performance of the Employee’s job duties, and other obligations under this Agreement. 

3.    Compensation. 

3.1    Basic Compensation. 

(a) Salary. The Employer shall pay to the Employee an annualized salary at a rate of Three Hundred Fifty Thousand Dollars
($350,000) per year, subject to the provisions of Section 6 and adjusted as provided below (the “Salary”), which Salary will be payable in equal periodic installments in accordance with the Employer’s customary payroll practices.
The Salary will be reviewed by the President and CEO of PGT Innovations, Inc. at least once each year and may be adjusted by the Employer following such review and approval of any adjustment by the Board of Directors. Any such adjustment in the
Salary shall be made by, and at the sole discretion and approval of, the President and CEO and the Board of Directors, as the case may be, and, as adjusted, shall become the Employee’s new “Salary” hereunder (unless and until further
adjusted). 
 (b) Benefits. The Employee will be entitled to participate in such life insurance, hospitalization and medical
plans or insurance coverage, disability, and other employee benefit plans, programs and policies of the Employer in effect from time to time (collectively, the “Plans”), vacation and holidays (as further provided in Section 5 below),
and any other plan which may be made available by the Employer to its key management employees from time to time in the future, if, and to the extent that, the Employee is eligible under the terms of such Plans. In addition, Employer will pay for
Employee’s cost of COBRA coverage during the ninety-day period following her hire date with Employer that she must wait before becoming eligible to receive medical insurance coverage through Employer. All
of the plans, agreements, and undertakings of Employer set forth above shall be called, collectively, the “Benefits.” Any Benefits hereunder shall be subject to such local, state or federal tax reporting requirements as maybe in effect
from time to time. This Agreement will not limit the Employer’s ability to amend, modify or terminate such Plans at any time for any reason. 

3.2    Annual Performance Bonus. 

As additional incentive compensation for the services to be rendered by the Employee pursuant to this Agreement, the Employee shall be
eligible, each calendar year, to receive a bonus (the “Annual Performance Bonus”), if and to the extent that the performance metrics or other requirements that must be satisfied in order for the Employee to receive the Annual Performance
Bonus have been achieved. The target amount of the Employee’s Annual 

  
 4 

 
Performance Bonus is sixty-five percent of the Employee’s Salary; provided that the determination of whether to pay an Annual Performance Bonus, if any, and the amount of any such Annual
Performance Bonus, shall be determined by the Board of Directors, in their discretion, on an annual basis. Any Annual Performance Bonus that is due to the Employee hereunder shall be paid as soon as practicable, but in no event later than 30 days
following completion of the Employer’s audited financial statements of the year to which the Annual Performance Bonus relates. 

3.3    Equity Grants. 

(a)    Special One-Time Equity Grant. On or about April 8, 2019,
Employee will receive a one-time grant of restricted stock units with a grant date value of Three Hundred Six Thousand Dollars ($306,000). Those restricted stock units, which will not have any performance
restrictions or metrics associated with them, and are expected to vest in three equal increments on each of the first, second and third anniversaries of the grant date, subject to the terms of the grant agreement between the Employee and the
Employer. 
 (b)    Annual Equity Grant. During the first fiscal quarter of each year, or such other time as the
Board, in its discretion, may determine, the Employee will receive an annual equity grant with a target value, measured as of the grant date, equal to sixty-five percent (65%) of the Employee’s Salary (the “Annual Equity Grant”). One-half of the Annual Equity Grant is expected to be in the form of restricted stock units or restricted share units with no performance restrictions or metrics associated with them, and which are expected to vest
in three equal increments on each of the first, second and third anniversaries of the grant date. The other one-half of the Annual Equity Grant is expected to be in the form of performance shares or
performance restricted stock units, which will have Board-determined performance restrictions and metrics associated with them. The determination of how many of those performance shares or performance restricted stock units have been earned will be
made by the Board on or about the first anniversary of the grant date, based on the financial performance of the Company during the prior fiscal year, and any performance shares or performance stock units deemed by the Board to be earned are
expected to vest in two equal increments on or about each of the second and third anniversaries of the grant date. Notwithstanding any other provision of this Agreement to the contrary, the determination of whether and when to make any Annual Equity
Grant to Employee, and the design, nature and amount of any such Annual Equity Grant, shall be determined by the Board in its discretion. All Annual Equity Grants to Employee shall be subject to the terms of the grant agreement between Employer and
Employee. 
 3.4    Relocation Payment and Temporary Housing Reimbursement 

Employer shall pay Employee a one-time relocation payment in the amount of Eighty Thousand Dollars
($80,000) no later than thirty days after Employee has permanently relocated her primary residence to Sarasota County, Florida. In addition, Employer shall reimburse Employee for her temporary housing costs, in an amount of up to Two Thousand Five
Hundred Dollars ($2,500) per month, for a maximum of four months. 

  
 5 

 4.    Facilities and Expenses. 

The Employer will furnish the Employee with office space, equipment, supplies, computer and facsimile equipment, telephones (including cellular
telephone), and such other facilities, support staff and personnel as the Employer deems necessary or appropriate for the performance of the Employee’s duties under this Agreement. The Employer will reimburse the Employee for reasonable
business expenses incurred by her on behalf of the Employer in the performance of her duties; provided, that Employee furnishes to Employer documentation of such expenses as is required by the Internal Revenue Service and the Employer’s
internal policies, as well as such other documentation as the Employer may request. In addition, the Employer will reimburse the Employee or otherwise provide and pay for all professional affiliation expenses incurred by the Employee that have been pre-approved by the Employer. The Employee must file authorization requests, to the extent required by the Employer’s employment policies and, in all instances, expense reports with respect to such expenses in
accordance with the Employer’s policies. 
 5.    Vacations and Holidays. 

The Employee will be entitled to four weeks paid vacation each year or such other amount of paid vacation as may be provided for in the
Employer’s written vacation policy, if greater. Such vacation shall be taken in accordance with the vacation policies of the Employer in effect for its senior managers from time to time. Vacation must be taken by the Employee at such time or
times as mutually agreed by the Employee and the Employer. The Employee will also be entitled to any paid holidays expressly provided for in the Employer’s policies. 

6.    Termination. 

6.1    Events of Termination. 

(a) Death; Disability. In the event of the Employee’s death or Disability, the Employee’s employment with the Employer
shall be deemed terminated as of the end of the month in which such death occurs or such Disability is determined, and all rights, duties and obligations of the parties hereunder shall thereupon cease, except for the Employee’s obligations
under Section 7 and Section 8 hereof (in the case of a termination due to Disability), and the Employer’s obligations under Sections 6.2(a) and 6.2(b) hereof, as the case may be. 

(b) By The Employer for Cause. The Employee’s employment with the Employer may be terminated at the option of and by
written notice from the Employer if the Senior Managers find Cause. Upon any such termination, all rights, obligations and duties of the parties hereunder shall immediately cease (including, but not limited to, the payment by the Employer of all
Compensation), except for the Employee’s obligations under Section 7 and Section 8 hereof. 
 (c) By The Employer
Without Cause. The Employer may also terminate the Employee’s employment at any time upon not less than ten (10) days advance written notice without Cause. Upon expiration of such notice period, all rights, obligations and duties
of the parties hereunder shall immediately cease, except for the Employee’s obligations under Section 7 and Section 8 hereof and the Employer’s obligations under Section 6.2(c). The Employer may accelerate the
effective date of such termination if, in lieu of such notice, and in addition to the payments required by Section 6.2(c) below, Employer continues to pay Salary to Employee for a number of days equal to the number of days by which Employer
accelerated the effective date of Employee’s termination. 

  
 6 

 (d) Voluntary Termination without Good Reason By Employee. The Employee may
terminate her employment with the Employer without Good Reason upon not less than thirty (30) days advance written notice to the Employer; provided, however, that after the receipt of such notice, the Employer may, in its discretion accelerate
the effective date of such termination at any time by written notice to the Employee. Upon the effective date of any such termination, all rights, obligations and duties of the parties hereunder shall immediately cease, except for the
Employee’s obligations under Section 7 and Section 8 hereof and the Employer’s obligations under Section 6.2(d). 

(e) Termination with Good Reason by the Employee. The Employee may terminate her employment with the Employer with Good Reason
upon advance written notice to the Employer; provided, however, that after the receipt of such notice, the Employer may, in its discretion accelerate the effective date of such termination at any time by written notice to the Employee. Upon the
effective date of any such termination, all rights, obligations and duties of the parties hereunder shall immediately cease, except for the Employee’s obligations under Section 7 and Section 8 hereof and the Employer’s
obligations under Section 6.2(e). 
 6.2 Termination Pay. Upon cessation of Employee’s employment with
Employer, the Employer will be obligated to pay the Employee (or, in the event of her death, her designated beneficiary) only such compensation, if any, as is provided in this Section 6.2. For purposes of this Section 6.2, the
Employee’s designated beneficiary will be such individual beneficiary or trust, located at such address, as the Employee may designate by notice to the Employer from time to time or, if the Employee fails to give notice to the Employer of such
a beneficiary, the Employee’s estate. 
 (a) Termination by Death. If the Employee’s employment terminates because
of the Employee’s death, in addition to the Benefits otherwise due the Employee, the Employer will, in accordance with normal payroll practice, pay to the Employee’s designated beneficiary the Employee’s Salary for a period of six
(6) months. 
 (b) Termination upon Disability. If the Employee’s employment is terminated by either party as a
result of the Employee’s Disability, as determined under Section 6.3, in addition to the Benefits otherwise due the Employee, the Employer will, in accordance with normal payroll practice, continue to pay to the Employee her Salary for a
period of twelve (12) months following the effective date of such termination. 
 (c) Termination by the Employer Without
Cause. If the Employer terminates the Employee’s employment without Cause, the Employer will (i) pay to Employee her Salary, in accordance with normal payroll practice, for a period of twelve (12) months, commencing no later
than the tenth business day following receipt by the Employer of an executed Release (as described below); (ii) waive the applicable COBRA continuation coverage for Employee (and, if applicable her spouse and eligible dependents) for a period
of twelve (12) months; and (iii) pay 100% of Employee’s Incentive Amount, in a lump-sum payment payable no later then the tenth business day following the first anniversary of the receipt by the
Employer of an executed Release. 

  
 7 

 (d) Termination by the Employee without Good Reason. If the Employee
terminates her employment other than with Good Reason, the Employer shall continue to pay to the Employee her Salary for the shorter of: (i) thirty (30) days; or (ii) the notice period provided by the Employee with respect to her
termination. 
 (e) Termination by the Employee with Good Reason. If the Employee terminates the Employee’s employment
with Good Reason, she will be entitled to the same payments and benefits described above in Section 6.2(c). 
 6.3 Definition
of Disability. For purposes of this Agreement, “Disability” has the meaning defined in Treas. Reg. § 1.409A-3(i)(4). 

6.4 Release Required as a Condition of Severance. Notwithstanding any other provision of this Agreement, payments under
Section 6.2, above, are conditioned on the Employee’s (a) immediate resignation, upon Employer’s request, from all employee and director positions with the Employer and its affiliates; (b) execution and delivery to the
Employer, within the applicable review period (e.g., 45 days or 21 days, depending on the context in which the termination occurs) following the termination of her employment, and non-revocation of, a general
release of claims against the Employer and its affiliates in such form as the Employer may reasonably require (the “Release”); and (c) the Employee’s full compliance with the provisions of this Agreement following the termination
of her employment, including Sections 7 and 8 hereof. For avoidance of doubt, the payments and benefits described in this Section 6.2 are in lieu of, and not in addition to, any other severance arrangement maintained by the Employer. 

7.    Non-Disclosure Covenant; Employee Inventions. 

7.1 Acknowledgments by the Employee. The Employee acknowledges that (a) during the Employment Period and as a part of
her employment, the Employee will be afforded access to Confidential Information; (b) public disclosure of such Confidential Information could have an adverse effect on the Employer and its business; (c) since the Employee possesses
substantial expertise and skill with respect to the Employer’s business, the Employer desires to obtain exclusive ownership of each Employee Invention, and the Employer will be at a substantial competitive disadvantage if it fails to acquire
exclusive ownership of each Employee Invention; (d) the Compensation provided to Employee hereunder constitutes good and sufficient consideration for the Employee’s agreements and covenants in this Section 7; and (e) the
provisions of this Section 7 are reasonable and necessary to prevent the improper use or disclosure of Confidential Information and to provide the Employer with exclusive ownership of all Employee Inventions. 

  
 8 

 7.2 Agreements of the Employee. In consideration of the Compensation to
be paid or provided to the Employee by the Employer under this Agreement, the Employee covenants as follows: 
 (a)
Confidentiality. 
 (i) During and at all times following the Employment Period, the Employee will hold in confidence the
Confidential Information and will not disclose it to any person except with the specific prior written consent of the Employer or except as otherwise expressly permitted by the terms of this Agreement. 

(ii) Any trade secrets of the Employer will be entitled to all of the protections and benefits under applicable trade secret laws. If any
information that the Employer deems to be a trade secret is found by a court of competent jurisdiction not to be a trade secret for purposes of this Agreement, such information will, nevertheless, be considered Confidential Information for purposes
of this Agreement. The Employee hereby waives any requirement that the Employer submit proof of the economic value of any trade secret or post a bond or other security. 

(iii) None of the foregoing obligations and restrictions apply to any part of the Confidential Information that the Employee demonstrates was
or became generally available to the public other than as a result of a disclosure by the Employee. 
 (iv) The Employee will not remove
from the Employer’s (or any Affiliate’s) premises (except to the extent such removal is for purposes of the performance of the Employee’s duties at home or while traveling, or except as otherwise specifically authorized by the
Employer in writing) any document, record, notebook, plan, model, component, device, or computer software or code, whether embodied in a disk or in any other form (collectively, the “Proprietary Items”). The Employee recognizes that, as
between the Employer and the Employee, all of the Proprietary Items, whether or not developed by the Employee, are the exclusive property of the Employer. Upon termination of this Agreement by either party, the Employee will return to the Employer
all of the Proprietary Items in the Employee’s possession or subject to the Employee’s control, and the Employee shall not retain any copies, abstracts, sketches, or other physical embodiment of any of the Proprietary Items. 

(b) Employee Inventions. Each Employee Invention will belong exclusively to the Employer. The Employee acknowledges that all of
the Employee’s writing, works of authorship, creations, designs, layouts and methods related to the fabrication, manufacture, processing and production of the Company’s products, and other Employee Inventions are works made for hire and
the property of the Employer, including any copyrights, patents, or other intellectual property rights pertaining thereto. If it is determined that any such works are not works made for hire, the Employee hereby assigns to the Employer all of the
Employee’s right, title, and interest, including all rights of copyright, patent, and other intellectual property rights, to or in such Employee Inventions. The Employee covenants that she will promptly: 

(i) disclose to the Employer in writing any Employee Invention; 

(ii) assign to the Employer or to a party designated by the Employer, at the Employer’s request and without additional compensation, all
of the Employee’s right to the Employee Invention for the United States and all foreign jurisdictions; 

  
 9 

 (iii) execute and deliver to the Employer such applications, assignments, and other
documents as the Employer may request in order to apply for and obtain patents or other registrations with respect to any Employee Invention in the United States and any foreign jurisdictions; 

(iv) sign all other papers necessary to carry out the above obligations; and 

(v) give testimony and render any other assistance at Employer’s expense, in support of the Employer’s rights to any Employee
Invention. 
 7.3 Disputes or Controversies. The Employee recognizes that should a dispute or controversy arising from or
relating to this Agreement be submitted for adjudication to any court, arbitration panel, or other third party, the preservation of the secrecy of Confidential Information may be jeopardized. All pleadings, documents, testimony, and records relating
to any such adjudication will be maintained in secrecy and will be available for inspection by the Employer, the Employee, and their respective attorneys and experts, who will agree, in advance and in writing, to receive and maintain all such
information in secrecy, except as may be limited by written agreement among them. 
 8.
Non-Competition and Non-Interference. 
 8.1
Acknowledgments By the Employee. The Employee acknowledges that: the services to be performed by Employee under this Agreement are of a special, unique and unusual character; and (b) the Compensation provided to the Employee
hereunder constitutes good and sufficient consideration for the Employee’s agreements and covenants in this Section 8; and (c) the provisions of this Section 8 are reasonable and necessary to protect the Employer’s business.

 8.2 Covenants of the Employee. In consideration of the acknowledgments by the Employee, and in consideration of the
Compensation to be paid or provided to the Employee by the Employer, the Employee covenants that the Employee will not, directly or indirectly: 

(a) during the Noncompetition Period, (i) solicit business from, or compete with the Employer for the business of, any customer of the
Employer where the Employee is doing so in the same or similar business as the business conducted by the Employer (i.e., the manufacturing, marketing and sales of either impact-resistant or non-impact
resistant commercial and/or residential windows and doors, and vinyl patio or porch enclosures); (ii) own, operate, control, finance, manage, advise, be employed or engaged by, perform any services for, invest in or otherwise become associated in
any capacity with, any business, company, partnership, organization, proprietorship, or other entity, whose activities compete in whole or in part with the activities of the Employer or any of its Affiliates in any state of the United States in
which the Employer or any of its Affiliates conducted or conducts the manufacturing, marketing, distribution and/or sales of completed commercial and/or residential window and door products (a “Competitive Business”); or (iii) engage
in any practice the purpose or effect of which is to intentionally evade the provisions of this covenant; provided, however, that the Employee may purchase or otherwise acquire up to (but not more than) three percent (3%) of any class of securities
of any Competitive Business (but without otherwise participating in the activities of such Competitive Business) if such securities are listed on any national or regional securities exchange or have been registered under Section 12(g) of the
Securities Exchange Act of 1934; or 

  
 10 

 (b) whether for the Employee’s own account or the account of any other person
(i) solicit or induce, directly or indirectly, whether or not for consideration, any employee or agent of the Employer to terminate her or her relationship with the Employer; or (ii) induce or attempt to induce any customer, supplier,
service provider, vendor, consultant or contractor of the Employer to terminate or adversely change its relationship with the Employer or otherwise interfere with any relationship between the Employer and any of the Employer’s customers,
prospective customers, suppliers, service providers or contractors. 
 8.3 Enforceability; Notice. If any covenant in
Section 8.2 is held to be unreasonable, arbitrary, or against public policy, such covenant will be considered to be divisible with respect to scope, time, and geographic area, and such lesser scope, time, or geographic area, or all of them, as
a court of competent jurisdiction may determine to be reasonable, not arbitrary, and not 
 against public policy, will be effective, binding, and
enforceable against the Employee. The period of time applicable to any covenant in Section 8.2 will be extended by the duration of any violation by the Employee of such covenant. The Employee will, while the covenant under Section 8.2 is
in effect, give notice to the Employer, within ten (10) days after accepting any other employment, of the identity of the Employee’s employer. Employer may notify such employer that the Employee is bound by this Agreement and, at the
Employer’s election, furnish such employer with a copy of this Agreement or relevant portions thereof. 
 9. General
Provisions. 
 9.1 Injunctive Relief and Additional Remedy. The Employee acknowledges that the injury that would be
suffered by the Employer as a result of a breach of the provisions of this Agreement (including any provision of Section 7 and Section 8) would be irreparable and that an award of monetary damages to the Employer for such a breach would be
an inadequate remedy. 
 Consequently, the Employer will have the right, in addition to any other rights it may have, at Employer’s cost, to obtain
injunctive relief to restrain any breach or threatened breach or otherwise to specifically enforce any provision of this Agreement, and the Employer will not be obligated to post bond or other security in seeking such relief. 

9.2 Covenants of Sections 7 and 8 are Essential and Independent. The covenants by the Employee in Section 7 and
Section 8 are essential elements of this Agreement, and without the Employee’s agreement to comply with such covenants, the Employer would not have entered into this Agreement, offered continued employment to the Employee or offered the
Employee the Salary and Benefits and other consideration provided hereunder. The Employee’s covenants in Section 7 and Section 8 are independent covenants and the existence of any claim by the Employee against the Employer under this
Agreement or otherwise, or against any Affiliate of Employer, will not excuse the Employee’s breach of any covenant in Section 7 or Section 8. If the Employee’s employment hereunder expires or is terminated, this Agreement will
continue in full force and effect as is necessary or appropriate to enforce the covenants and agreements of the Employee in Section 7 and Section 8. 

  
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 9.3 Representations and Warranties by the Employee. The Employee represents
and warrants to the Employer that the execution and delivery by the Employee of this Agreement do not, and the performance by the Employee of the Employee’s obligations hereunder will not, with or without the giving of notice or the passage of
time, or both: (a) violate any judgment, writ, injunction, or order of any court, arbitrator, or governmental agency applicable to the Employee; or (b) conflict with, result in the breach of any provisions of or the termination of, or
constitute a default under, any agreement to which the Employee is a party or by which the Employee is or may be bound. 
 9.4
Waiver. The rights and remedies of the parties to this Agreement are cumulative and not alternative. Neither the failure nor any delay by either party in exercising any right, power, or privilege under this Agreement will operate as a
waiver of such right, power, or privilege, and no single or partial exercise of any such right, power, or privilege will preclude any other or further exercise of such right, power, or privilege or the exercise of any other right, power, or
privilege. To the maximum extent permitted by applicable law, (a) no claim or right arising out of this Agreement can be discharged by one party, in whole or in part, by a waiver or renunciation of the claim or right unless in writing signed by
the other party; (b) no waiver that may be given by a party will be applicable except in the specific instance for which it is given; and (c) no notice to or demand on one party will be deemed to be a waiver of any obligation of such party
or of the right of the party giving such notice or demand to take further action without notice or demand as provided in this Agreement. 

9.5 Binding Effect; Delegation of Employee’s Duties Prohibited. This Agreement shall inure to the benefit of, and
shall be binding upon, the parties hereto and their respective successors, assigns, heirs, and legal representatives, including any Affiliate to which Employer may assign this Agreement or any entity with which the Employer may merge or consolidate
or to which all or substantially all of its assets may be transferred. The duties and covenants of the Employee under this Agreement, being personal, may not be delegated or assigned. 

9.6 Notices. All notices, consents, waivers, and other communications under this Agreement must be in writing and will be deemed
to have been duly given (a) when delivered by certified U.S. mail, return receipt requested, to the address(es) below, or (b) one business day after deposit with a nationally recognized overnight delivery service (receipt and next day
delivery requested), in each case to the appropriate addresses set forth below (or to such other addresses as a party may designate by notice to the other parties): 
  

					
	If to Employer:	 	PGT Innovations, Inc.
		 	1070 Technology Drive
		 	Nokomis, Florida 34275
		 	Attention: Senior Vice President, Human Resources
			
	If to Employee:	 	  
	  	
		 	  
	  	
		 	  
	  	

  
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 9.7 Entire Agreement; Amendments. This Agreement, as it may be amended from
time to time, contains the entire agreement between the parties with respect to the subject matter hereof and supersedes all prior employment arrangements (as the same may have been amended from time to time) and other agreements or understandings,
oral or written, between the parties hereto with respect to the subject matter hereof. This Agreement may not be amended orally, but only by an agreement in writing signed by the parties hereto. 

9.8 Governing Law; Venue and Jurisdiction. This Agreement shall be governed by and construed under Florida law, without regard
to conflict of laws principles. The parties agree that any lawsuit between them arising under this Agreement shall be filed in any state or federal court located in or for Sarasota County, Florida, and each of the parties hereby agrees, acknowledges
and submits itself to the exclusive jurisdiction and venue of such courts for the purposes of such lawsuit and agrees to accept service of process in accordance with the provisions for delivery of notice set forth in Section 9.6 hereof. 

9.9 Section Headings; Construction. The headings of Sections in this Agreement are provided for convenience only and will not
affect its construction or interpretation. All references to “Section” or “Sections” refer to the corresponding Section or Sections of this Agreement unless otherwise specified. All words used in this Agreement will be construed
to be of such gender or number as the circumstances require. Unless otherwise expressly provided, the 
 word “including” does not limit the
preceding words or terms. 
 9.10 Severability. If any provision of this Agreement is held invalid or unenforceable by any
court of competent jurisdiction, the other provisions of this Agreement will remain in full force and effect. Any provision of this Agreement held invalid or unenforceable only in part or degree will remain in full force and effect to the extent not
held invalid or unenforceable. 
 9.11 Counterparts. This Agreement may be executed in one or more counterparts, each of which
will be deemed to be an original copy of this Agreement and all of which, when taken together, will be deemed to constitute one and the same agreement. 

[SIGNATURE PAGE FOLLOWS] 

  
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 IN WITNESS WHEREOF, the parties have executed and delivered this Employment Agreement on the
date first written above. 
  

			
	PGT INNOVATIONS, INC.
	(“Employer”)
		
	By:	 	/s/ Debbie LaPinska
	Printed Name: Debbie LaPinska
	Title: Sr. Vice President, Human Resources
	
	/s/ Sherri Baker
	Printed Name: Sherri Baker
	(“Employee”)

  
 14

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