Document:

Exhibit

FOURTH ALLONGE TO DEMAND PROMISSORY NOTE

April 25, 2016

THIS ALLONGE (“ALLONGE”) IS TO BE ATTACHED PERMANENTLY TO THE DEMAND PROMISSORY NOTE MADE BY CONNECTICUT WATER SERVICE, INC. TO THE ORDER OF CITIZENS BANK OF CONNECTICUT (PREDECESSOR OF CITIZENS BANK, NATIONAL ASSOCIATION), IN THE ORIGINAL PRINCIPAL AMOUNT OF $9,000,000 ORIGINALLY DATED MAY 8, 2002, AS AMENDED BY THAT CERTAIN FIRST ALLONGE TO DEMAND PROMISSORY NOTE DATED NOVEMBER 20, 2007, AS AMENDED BY THAT CERTAIN SECOND ALLONGE TO DEMAND PROMISSORY NOTE DATED SEPTEMBER 15, 2009, AND AS AMENDED BY THAT CERTAIN THIRD ALLONGE TO DEMAND PROMISSORY NOTE DATED OCTOBER 12, 2012 (THE “NOTE”).

All capitalized terms used but not otherwise defined in this Allonge shall have the meanings ascribed to such terms in the Note.

Except as set forth in this Allonge, the Note remains in full force and effect and has not been modified or amended in any respect.

This Allonge and the Note shall be read, construed and interpreted as one and the same instrument.

The Note is hereby amended to provide that:  (a) any and all references therein to the principal amount of TWENTY MILLION AND NO/100 DOLLARS ($20,000,000.00), however and wherever depicted, shall hereinafter mean and refer to the principal amount of FORTY-FIVE MILLION AND NO/100 DOLLARS ($45,000,000.00); and (b) the unpaid principal amount of the Note shall be paid at the times and in the manner set forth in Section 6 of the Letter Agreement, but if not sooner paid, the entire unpaid principal amount of the Note, together with accrued and unpaid interest thereon, shall be due and payable on the Maturity Date (as defined by the Letter Agreement), unless such date shall be extended pursuant to Section 2 of the Letter Agreement.

To the extent necessary to assure the liability of Maker to the Bank or Holder of the Note, the signature of Maker appearing below shall be construed as both an endorsement and a reissue of the Note.
    
	
		
	 
	CONNECTICUT WATER SERVICE, INC.

By:    /s/  David C. Benoit
        Name:  David C. Benoit
        Title:  Senior Vice President – Finance 
        Chief Financial Officer and Treasurer

	 
	 

The foregoing Allonge is hereby acknowledged and agreed to as of the date first set forth above.

	
	
	CITIZENS BANK, NATIONAL ASSOCIATION 

By:  /s/  Anthony Castellon
      Name:  Anthony Castellon
      Title:  Senior Vice PresidentExhibit

[FORM OF] CHANGE IN CONTROL SEVERANCE AGREEMENT
This Change in Control Severance Agreement (this “Agreement”), dated and effective 29 January 2016 (the (“Effective Date”), is by and between Ensco plc, a company organized and existing under the laws of England and Wales(the “Company”) and [name of executive officer] (the “Executive”).  
STATEMENT OF PURPOSE
The Company desires, for its continued success, to have the benefit of services of experienced management personnel like the Executive.  The Company therefore believes it is in the best interest of the Company and its shareholders that, in the event of a Change in Control of the Company, the Executive be reasonably secure in his employment and position with the Company, so that the Executive can exercise independent judgment as to the best interest of the Company and its owners, without distraction by uncertainties or risks regarding the Executive’s continued employment with the Company created by the possibility of a Change in Control.  The Company thus believes it is imperative to (1) diminish the inevitable distraction of the Executive by virtue of the personal uncertainties and risks created by a pending or threatened Change in Control, (2) encourage the Executive’s full attention and dedication to the Company currently and in the event of any threatened or pending Change in Control, and (3) provide the Executive with a severance benefits opportunity following a Change in Control.  Therefore, the Company and the Executive now desire to enter into this Agreement in order to accomplish these objectives.
AGREEMENT
In consideration of the statements made in the Statement of Purpose and the mutual agreements set forth below, the Company and the Executive hereby enter into this Agreement, as follows:
1.    Definitions and Interpretation.  Various terms used in this Agreement are defined in Exhibit A; each of the defined terms used in this Agreement begins with a capital letter.  Various interpretative matters for this Agreement are also set forth in Exhibit A which is an integral part of this Agreement and incorporated herein by reference.
2.    Term of Agreement.  
(a)    This Agreement will commence on the Effective Date and shall continue in effect through and including December 31, 2016, unless extended as set out below (the original term and all extended terms being referred herein as the “Term”).  
The Term of this Agreement shall be extended automatically for an additional successive one-year period, effective as of January 1, 2017 (the “Initial Extension Date”) and each annual anniversary thereof that occurs while this Agreement remains in effect so that the remaining term is one year; provided, however, if, at any time prior to the date that is sixty (60) days before the Initial Extension Date or any annual anniversary thereof, either Party gives notice of termination 

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to the other Party that no such automatic extension shall occur, this Agreement shall terminate at the end of the then current one-year period.
This Agreement may be terminated following a Change in Control or within three months prior to a Change in Control only by mutual written agreement of the Parties.
(b)    Benefits shall be provided under this Agreement only in the event of a Severance Payment Event that occurs during the Term.  If there is not a Severance Payment Event during the Term, then no Severance Payment or other post-termination benefits shall be provided under this Agreement.  
3.    Termination Payments.  Upon the occurrence of a Severance Payment Event, subject to satisfaction of the conditions contained in Section 4, the following shall occur:
(a)    The Company shall pay the Executive in cash, within five (5) Business Days after the Employment Termination Date, all of his Base Salary and all other earned but unpaid cash compensation or entitlements due to the Executive through (and including) the Employment Termination Date, including any unused accrued vacation pay and reimbursable business expenses in accordance with the policies, standards and/or procedures maintained by the Company for such purposes.
(b)    Subject to continued compliance with Sections 4, 5 and 23, the Company shall (i) pay the cash portion of the Severance Payment in a lump sum payment within thirty (30) days after (A) the Severance Payment Event, or (B) in the event of an Anticipatory Termination, the Change in Control Date; provided, however, if such 30-day period (and/or the Release delivery and non-revocation period described in Section 4) begins in one taxable year of the Executive and ends in a second taxable year, such payment shall not be made until the second taxable year and (ii) honor its obligations to provide continued group health plan coverage as part of the Severance Payment; and further provided, if the Executive is determined to be a Specified Employee as of the Employment Termination Date, then such lump sum payment, to the extent not exempt from, or excepted under, Section 409A, shall be made within ten (10) business days following the date that is six (6) months after the Employment Termination Date. [EV- references to 409A here and elsewhere in the document have been deleted as not applicable under English law]
4.    Release Agreement.  As a condition to the receipt of the Severance Payment under Section 3, the Executive must first execute and return to the Company a release agreement (the “Release”) that is substantially in the same form as attached hereto as Exhibit B (with any changes to such form as the Parties may reasonably request to reflect the circumstances relating to the termination of the Executive’s employment, any changes in applicable law, or any agreement by the Company not to require a release with respect to one or more particular claims or potential claims). [EV- includes language to ensure the release operates as a settlement agreement under English law] The Company shall deliver such Release to the Executive within five (5) days after the Employment Termination Date.  The Executive must return the executed Release within the twenty-one (21) or forty-five (45) day period following the date of his receipt of the Release, as applicable and stated in the Release. If the Release delivery and non-revocation period spans two 

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taxable years, the Severance Payment will always commence or be made in the second taxable year.  The Company shall also execute the Release.  No Severance Payment shall be payable or provided by the Company unless and until the Release has been executed by the Executive, has not been revoked, and is no longer subject to revocation by the Executive.  The Release shall not release any claim or cause of action by or on behalf of the Executive for (a) any payment or other benefit that is required under this Agreement or any Plan prior to the receipt of such benefit by or on behalf of the Executive, or (b) a breach of this Agreement by the Company.  [EV-there is not revocation provision as not applicable under English law]
5.    Post-Termination Restrictive Covenants.  As an inducement to the Company to enter into this Agreement, the Executive represents to, and covenants with or in favor of the Company, Executive’s compliance with (a) any post-termination restrictive agreements, policies or covenants that apply to, or cover, the Executive, including, without limitation, those regarding Confidential Information, return of Company property and non-disparagement, as set forth in Sections 8, 9 and 10 hereof, and (b) all of the Company’s policies, standards and procedures covering the Executive as an employee, officer or director of the Company or any of its Affiliates.  
6.    No Mitigation.  Executive shall not be required to mitigate the amount of any payment or other benefits provided under this Agreement by seeking other employment.
7.    Full Settlement.  Except with respect to compliance with Sections 4 and 5, the Company’s obligation to make the payments provided for in this Agreement and otherwise to perform its obligations hereunder shall not be affected by any setoff, counterclaim, recoupment, defense or other claim, right or action which the Company may have against the Executive or others.  This Agreement does not adversely affect Executive’s rights under any Plan; provided, however, Executive acknowledges and agrees that he shall not be a participant in, and he hereby waives any right to participate in, any severance pay plan (as the same may be amended from time to time) that generally covers the employees of the Company or its Affiliates such as to preclude duplicative severance pay benefits that are in addition to those provided to Executive under the terms of this Agreement and, in such event, such other severance pay benefits shall not be provided to Executive. 
8.    Confidential Information.  
(a)    For purposes of this Section 8, the term “Company” shall include the Company and its Affiliates.  During the course of the Executive’s employment with the Company, the Company will (1) disclose or entrust to the Executive, and provide the Executive with access to, Confidential Information, (2) place the Executive in a position to develop business goodwill belonging to the Company, and (3) disclose or entrust to the Executive business opportunities to be developed for the Company. 
(b)    Protection of Confidential Information. 
(1)    Executive acknowledges that Confidential Information has been and will be developed or acquired by the Company through the expenditure of substantial time, effort and money and provides the Company with an advantage over competitors who do not know or use the Confidential Information. Executive further acknowledges and agrees that the nature of the 

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Confidential Information obtained during the Executive’s employment would make it difficult, if not impossible, for Executive to perform in a similar capacity for a business competitive with the Company without disclosing or utilizing Confidential Information. 
(2)    During and following the Executive’s employment by the Company, the Executive shall hold in confidence and not directly or indirectly disclose, use, copy or make lists of any Confidential Information, except to the extent necessary to carry out the Executive’s duties on behalf of the Company. Executive agrees to give the Company notice of any and all attempts to compel disclosure of any Confidential Information within one (1) Business Day after the Executive is informed that such disclosure is being, or will be, compelled. Such written notice shall include a description of the Confidential Information to be disclosed, the court, government agency, or other forum through which the disclosure is sought, and the date by which the Confidential Information is to be disclosed, and shall contain a copy of the subpoena, order or other process used to compel disclosure.  For the avoidance of doubt, the provisions of this Section 8 shall not apply to (a) any disclosure or use authorized by the Company or required by applicable law and (b) any information that is or becomes generally available to the public (other than as a result of the Executive’s unauthorized disclosure). [EV-includes a reference to protected disclosure under English law]
(3)    This confidentiality covenant shall be in addition to, and not limit or restrict in any way, any other confidentiality agreement or other post-employment covenant between the Parties.
9.    Company Documents and Property.  All writings, records, and other documents and things comprising, containing, describing, discussing, explaining, or evidencing any Confidential Information, and all equipment, computers, mobile phones, components, manuals, parts, keys, tools, and the like in Executive’s custody, possession or control that have been obtained by, prepared by, or provided to, Executive by the Company or any Affiliate in the course or scope of Executive’s employment with the Company (or any Affiliate) shall be the exclusive property of the Company (or such Affiliate, as applicable), shall not be copied and/or removed from the premises of the Company or any Affiliate, except in pursuit of the business of the Company or an Affiliate, and shall be delivered to the Company or an Affiliate, as applicable, without Executive retaining any copies or electronic versions, within one (1) day following the Employment Termination Date or at any other time requested by the Company. 
10.    No Disparaging Comments.  Executive and the Company shall refrain from any criticisms or disparaging comments about each other or in any way relating to Executive’s employment or separation from employment with the Company; provided, however, that nothing in this Agreement shall apply to or restrict in any way the communication of information to any governmental law enforcement agency by either Party that is required by compulsion of law.  A violation or threatened violation of this prohibition may be enjoined by a court of competent jurisdiction.  The rights under this provision are in addition to any and all rights and remedies otherwise afforded by law to the Parties. 
Executive acknowledges that in executing this Agreement, he has knowingly, voluntarily, and intelligently waived any free speech, free association, free press or First Amendment to the United States Constitution (including, without limitation, any counterpart or similar provision or right under any other state constitution which may be deemed to apply) and rights to disclose, 

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communicate, or publish disparaging information or comments concerning or related to the Company; provided, however, nothing in this Agreement shall be deemed to prevent Executive from testifying fully and truthfully in response to a subpoena from any court or from responding to an investigative inquiry from any governmental agency. [EV-references to US Constitution and state constitutions are deleted and replaced with a reference to English law] 
For all purposes of the obligations of Executive under this Section 10, the term “Company” refers to the Company and its Affiliates, and its and their directors, officers, employees, shareholders, investors, partners and agents.
11.    Tax and Other Withholdings.   The Company or its Affiliate shall withhold from any payments or benefits under this Agreement (whether or not otherwise acknowledged under this Agreement) all federal, state, local, or other taxes that it is required to withhold, as well as any other required deductions such as, for example, employee benefits coverage. [EV-references to federal, state, local and other taxes deleted and replaced with a reference to taxes and National Insurance Contributions applicable under English law]
12.    Employment Status.  Nothing in this Agreement provides the Executive with any right to continued employment with the Company or any Affiliate, or shall interfere with the right of the Company or an Affiliate to terminate the Executive’s employment at any time subject to their obligations under this Agreement.
13.    No Exclusivity.  Except as expressly provided herein, this Agreement shall not prevent or limit the Executive’s participation in any Plan for which the Executive qualifies, nor shall it impair any rights that the Executive may have under any other plan, program, contract or agreement with the Company or any Affiliate.  
14.    Indemnification. The Deed of Indemnity entered into by Executive and the Company shall continue in effect in all respects during the “Employment Period” (as such term, or similar term, is defined in the Deed of Indemnity) and for such periods of time following the end of the Employment Period as are established in such Deed of Indemnity.  Further, Executive will be entitled to the benefit of any other indemnity provisions contained in the constituent and/or governing documents of the Company as well as any insurance policies the Company maintains for the benefit of its officers and directors against all liabilities, claims, costs, charges and expenses incurred in connection with any action, suit or proceeding to which he may be made, or threatened to be made, a party, witness or other participant by reason of being an officer or employee of the Company.  Additionally, if the Company fails to administer any provision of this Agreement consistent with its terms, the Company shall indemnify Executive fully for any costs or other liability to Executive, other than legal fees, resulting from such error. 
15.    Company’s Successor and Assignment.  In addition to any obligations imposed by law upon any successor to the Company, this Agreement shall be binding upon and inure to the benefit of the Company and any successor of the Company (whether direct or indirect, by purchase, merger, consolidation or otherwise).  The Company shall require any successor (whether direct or indirect, by purchase, merger, consolidation or otherwise) to all or substantially all of the business and/or assets of the Company to assume expressly and agree to perform this Agreement in the same 

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manner and to the same extent that the Company would be required to perform it if no such succession had taken place.  As used in this Agreement, “Company” shall mean the Company, as previously defined, and any successor by operation of law or otherwise, and any successor to the business and/or assets of the Company (as provided above) which assumes and agrees to perform this Agreement.  
16.    Executive’s Successor.  This Agreement is personal to the Executive and shall not be assigned by the Executive. Any purported assignment by the Executive shall be null and void from the initial date of the purported assignment.  If the Executive should die after a Severance Payment Event, but before any payment or other benefit to which the Executive is entitled to receive under this Agreement has been fully received by Executive, all payments or other benefits which the Executive would have been entitled to receive had he continued to live shall be made or provided in accordance with the terms of this Agreement to Executive’s surviving lawful spouse, if any, or if not, to his estate upon receipt by the Company of proper instructions regarding the lawful representative of such estate.
17.    Restricted Assignment.  Except as expressly provided in Sections 15 and 16, this Agreement, and the rights and obligations of the Parties hereunder, are personal in nature, and neither this Agreement, nor any right, benefit, or obligation of either Party hereto, shall be subject to voluntary or involuntary assignment, alienation or transfer, whether by operation of law or otherwise, without the prior written consent of the other Party.  Any attempted assignment, transfer, or delegation in violation of the preceding sentence shall be void and of no force or effect.
18.    Waiver and Amendment.  No term or condition of this Agreement shall be deemed waived other than by a writing signed by the Party against whom or which enforcement of the waiver is sought.  Without limiting the generality of the preceding sentence, a Party’s failure to insist upon the other Party’s strict compliance with any provision of this Agreement or to assert any right that a Party may have under this Agreement shall not be deemed a waiver of that provision or that right.  Any written waiver shall operate only as to the specific term or condition waived under the specific circumstances, and shall not constitute a waiver of that term or condition for the future or a waiver of any other term or condition.  No amendment, termination or other modification of this Agreement shall be effective unless stated in a writing signed by the Parties.

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19.    Entire Agreement.  This Agreement, including the Statement of Purpose, contains the Parties’ entire agreement regarding the subject matter of this Agreement, and supersedes any and all prior agreements, promises, understandings, and representations between them regarding such subject matter.  The Parties have made no agreements, representations, or warranties regarding the subject matter of this Agreement that are not set forth in this Agreement.
20.    Notice.  Each Notice or other communication required or permitted under this Agreement shall be in writing and transmitted or delivered by personal delivery, prepaid courier or messenger service (whether overnight or same-day), prepaid telecopy or facsimile, 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 this Agreement, or at such other address as the recipient has designated by Notice to the other Party.
Each Notice or communication so transmitted, delivered, or sent 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.)  Nevertheless, if the date of delivery is after 5:00 p.m. (local time of the recipient) on a Business Day, the Notice or other communication shall be deemed given, received and effective on the next Business Day.
21.    Executive Acknowledgment.  The Executive acknowledges that (a) he is knowledgeable and sophisticated as to business matters, including the subject matter of this Agreement, (b) he has read this Agreement and understands its terms and conditions, (c) he has had ample opportunity to discuss this Agreement with his legal counsel prior to execution, and (d) no strict rules of construction shall apply for or against the drafter or any other Party.  The Executive represents that he is free to enter into this Agreement including, without limitation, that he is not subject to any restrictive covenant that would conflict with his duties and covenants under this Agreement.
22.    Severability and Reformation.  It is the desire of the Parties hereto that this Agreement be enforced to the maximum extent permitted by applicable law, and should any provision contained herein be held invalid or otherwise unenforceable by a court of competent jurisdiction, the Parties hereby agree that such provision shall be reformed to create a valid and enforceable provision to the maximum extent permitted by applicable law; provided, however, if such provision cannot be reformed, it shall be deemed ineffective and deleted herefrom without affecting any other provision of this Agreement which shall remain fully enforceable.  This Agreement should be construed by limiting and reducing it only to the minimum extent necessary to be enforceable under then applicable law.  Any such determination or reformation shall not be binding on any court or other governmental authority not otherwise bound to follow such conclusions pursuant to applicable law.
23.    Compliance with Section 409A.  Any provisions of the Agreement that are subject to Section 409A are intended to comply with all applicable requirements of Section 409A, or an exemption from the application of Section 409A, and shall be interpreted and administered accordingly.  Notwithstanding any provision of this Agreement to the contrary, a termination of 

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employment shall not be deemed to have occurred for purposes of any provision of this Agreement providing for the payment of any amount or benefit that constitutes “non-qualified deferred compensation” (within the meaning of Section 409A) upon or following a termination of the Executive’s employment unless such termination is also a “separation from service” within the meaning of Section 409A and, for purposes of any such provision, references herein to a “termination,” “termination of employment” or like terms shall mean “separation from service” within the meaning of Section 409A.  
Notwithstanding any provision of this Agreement to the contrary, if any payment or other benefit provided herein would be subject to additional taxes and interest under Section 409A because the timing of such payment is not delayed as required by Section 409A for a Specified Employee, then if the Executive is on the applicable date a Specified Employee, any such payment that the Executive would otherwise be entitled to receive during the first six months following his “separation from service” (as defined under Section 409A) shall be accumulated and paid, within ten (10) days after the date that is six months following the Executive’s date of “separation from service”, or such earlier date upon which such amount can be paid under Section 409A without being subject to such additional taxes and interest such as, for example, upon the Executive’s death.
With respect to any amounts or benefits that are subject to Section 409A, this Agreement shall in all respects be administered in accordance with Section 409A.  Each payment under this Agreement shall be treated as a separate payment for purposes of Section 409A.  In no event may the Executive, directly or indirectly, designate the calendar year of any payment to be made under this Agreement. 
All reimbursements and in-kind benefits provided under this Agreement that constitute deferred compensation within the meaning of Section 409A shall be made or provided in accordance with the requirements of Section 409A.  Within the time period permitted by Section 409A, the Company may, in consultation with the Executive, modify the Agreement in the least restrictive manner necessary and without any diminution in the value of payments or other benefits to the Executive hereunder, in order to avoid the imposition of accelerated tax, additional tax and/or penalties on the Executive under Section 409A. [EV-this section deleted as 409A not applicable under English law]
24.    Governing Law; Jurisdiction.  TO THE EXTENT PERMITTED BY LAW, THIS AGREEMENT SHALL IN ALL RESPECTS BE INTERPRETED, ENFORCED AND GOVERNED BY THE LAWS OF THE STATE OF TEXAS, WITHOUT GIVING EFFECT TO ANY CHOICE-OF-LAW PRINCIPLE THAT WOULD RESULT IN THE APPLICATION OF THE LAWS OF ANOTHER JURISDICTION, EXCEPT AS PREEMPTED BY FEDERAL LAW; AND EXCLUSIVE VENUE FOR ANY LEGAL PROCEEDINGS BROUGHT TO ENFORCE ITS PROVISIONS SHALL BE IN HARRIS COUNTY, TEXAS, WHERE ONE OR MORE OF THE PARTIES' OBLIGATIONS CREATED HEREUNDER ARE PERFORMABLE.  [EV- reference to Texas law and Texas courts deleted and replaced with references to English law and English courts]

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25.    Survival of Certain Provisions.  Wherever appropriate to the intention of the Parties, the respective rights and obligations of the Parties hereunder shall survive any termination or expiration of this Agreement.

[Signature page follows]

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IN WITNESS WHEREOF, the Parties have approved and executed this Agreement below, to be effective as of the Effective Date. 

WITNESS:                        EXECUTIVE: [name of senior executive]

Signature:                        Signature:                    

Name:                            Name:                        

Date:                            Date:                        

Address for Notices:  
                            [address of senior executive]

ATTEST:                        COMPANY:  ENSCO PLC

By:                            By:                        

Title:                            Its:                        

Name:                            Name:                        

Date:                            Date:                        

Address for Notices: 6 Chesterfield Gardens, London W1J 5BQ 

[Exhibits A and B follow]

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EXHIBIT A 
TO 
CHANGE IN CONTROL SEVERANCE AGREEMENT

A.DEFINED TERMS.  In the Agreement, the following terms shall have the meanings set forth below: 
1.    “Affiliate” has the meaning ascribed to such term in Rule 12b-2 under the Exchange Act. [EV-reference to Exchange Act deleted and replaced with language indicating entities that are controlled or under common control]
2.    “Agreement” means the Change in Control Severance Agreement between the Parties, as it may hereafter be amended or supplemented, of which this Exhibit A is a part. 
3.    “Anticipatory Termination” means a termination of the Executive’s employment with the Company and all Affiliates within the time period that begins on the first day of the month that is three (3) months immediately preceding the first day of the month containing the Change in Control Date and ends on the Change in Control Date, but only if the termination of the Executive’s employment was (a) due to a termination by the Company without Cause or (b) a termination by the Executive for Good Reason. For purposes of clarification and not limitation, termination of the Executive’s employment for Cause, or due to Executive’s death or Disability or his voluntary resignation without Good Reason, is not an Anticipatory Termination. 
4.    “Base Salary” means the Executive’s annual base salary from the Company or an Affiliate.
5.    “Board” means the then-current Board of Directors of the Company. 
6.    “Business Day” means any Monday through Friday, excluding any such day on which banks are authorized to be closed in Texas. [EV-reference to Texas deleted and replaced with United Kingdom]
7.    “Cause” means any of the following: (a) the willful and continued failure of the Executive to perform substantially the Executive’s duties and obligations (other than any such failure resulting from bodily injury or disease or any other incapacity due to mental or physical illness), (b) gross misconduct by the Executive, (c) the willful and material breach by the Executive of any Company policies or the Company’s “Code of Conduct”, or (d) the conviction of the Executive by a court of competent jurisdiction, from which conviction no further appeal can be taken, of a felony-grade crime involving moral turpitude [EV-reference to felonies or moral turpitude deleted and replaced with crimes punishable by imprisonment]; provided, however, that in any of the aforementioned cases the cessation of employment of the Executive shall not be deemed to be for Cause unless and until there shall have been delivered to the Executive a resolution duly adopted by the Board specifying that the Executive is being terminated for Cause.  

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8.    “Change in Control” means the occurrence of any of the following events: (a) a change in the ownership of Ensco plc, which occurs on the date that any one person, or more than one person acting in concert (as defined in the City Code on Takeovers and Mergers, acquires ownership of shares in the capital of Ensco plc (the “Shares”) that, together with Shares held by such person or persons acting in concert, constitutes more than fifty percent (50%) of the total voting power of the Shares; or (b) the majority of the members of the board of directors of Ensco plc (“ENSCO plc Board”) is replaced during any twelve (12) month period by directors whose appointment or election is not endorsed by a majority of the members of the ENSCO plc Board prior to the date of the appointment or election; or (c) a sale of all or substantially all of the assets of Ensco plc; provided, however, a Change in Control of Ensco plc shall not be deemed to have occurred by virtue of the consummation of any transaction or series of related transactions immediately following which the beneficial holders of the voting Shares immediately before such transaction or series of transactions continue to have a majority of the direct or indirect ownership in one or more entities which, singly or together, immediately following such transaction or series of transactions, either (i) own all or substantially all of the assets of Ensco plc as constituted immediately prior to such transaction or series of transactions, or (ii) are the ultimate parent with direct or indirect ownership of all of the voting Shares after such transaction or series of transactions. For further clarification, a "Change in Control" of Ensco plc shall not be deemed to have occurred by virtue of the consummation of any transaction or series of related transactions effected for the purpose of changing the place of incorporation or form of organization of Ensco plc or the ultimate parent company of Ensco plc and its subsidiaries.
9.    “Change in Control Date” means the effective date of the occurrence of a Change in Control.  
10.     “Code” means the Internal Revenue Code of 1986, as amended from time to time.  References herein to any Section of the Code shall include any successor provisions of the Code. [EV-deleted]
11.    “Common Stock” means the common stock, $0.10 par value per Class A Ordinary Share. 
12.    “Company” means Ensco plc, a United Kingdom company, or its successor in interest. 
13.    “Confidential Information” means information (whether or not recorded in documentary form, or stored on any magnetic or optical disk or memory) relating to the business, products, affairs and finances of the Company or any Affiliates for the time being confidential to the Company or its Affiliate, and trade secrets including, without limitation, technical data and know-how relating to the business of the Company or any Affiliate or any of their business contacts, including in particular (by way of illustration only and without limitation): (a) information relating to the business of exploring, acquiring, developing, exploiting and disposing of oil and natural gas resources (regardless of when conceived, made, developed or acquired); (b) information relating to the business or prospective business, current or projected plans or internal affairs of the Company or any Affiliate; (c) information relating to the current or prospective marketing or sales of any products or services of the Company or any Affiliate, including non-public lists of customers' and suppliers' names, addresses and contacts; sales targets and statistics; market share and pricing 

A-2                                                                 

information; marketing surveys; research and reports; non-public advertising and promotional material; strategies; and financial and sales data; (d) information relating to any actual or prospective business strategies of the Company or any Affiliate; (e) information relating to any actual acquisitions, investments or corporate opportunities or prospective acquisition, investment targets or corporate opportunity; (f) know-how, trade secrets, unpublished information relating to the Company or any Affiliate's intellectual property and to the creation, production or supply of any products or services of any Company or Affiliate; (g) information to which the Company or any Affiliate owes an obligation of confidence to a third party (including, without limitation, customers, clients, suppliers, partners, joint venturers and professional advisors of the Company or any Affiliate); and (h) other commercial, financial or technical information relating to the business or prospective business of the Company or any Affiliate, or to any past, current or prospective client, customer, supplier, licensee, officer or employee, agent of the Company or any Affiliate, or any member or Person interested in the share capital or assets of the Company or any Affiliate, and any other Person to whom the Company or any Affiliate may provide or from whom they may receive information (whether marked confidential or not). 
14.     “Dispute” means any dispute, disagreement, claim, or controversy arising in connection with or relating to the Agreement, or to the validity, interpretation, performance, breach, or termination of the Agreement. 
15.    “ECIP” means the Company’s 2005 Cash Incentive Plan, as amended from time to time. 
16.    “Employment Agreement” means any employment contract that was entered into between the Company (or its Affiliate) and the Executive and is in effect as of the relevant time, as such employment contract may be amended from time to time; provided, however, if there is no such Employment Agreement in effect at the relevant time, then any reference in this Agreement to an Employment Agreement shall be disregarded and have no force or effect for all purposes of this Agreement.
17.    “Employment Period” means the time period during which the Executive is employed as an employee or officer of the Company or any Affiliate.
18.    “Employment Termination Date” means the date that the Executive’s employment with the Company, and its Affiliates if applicable, is terminated for whatever reason.  Notwithstanding anything contained herein to the contrary, the date on which such a “separation from service” (as defined in Section 409A) takes place shall be the “Employment Termination Date” with respect to any payment of deferred compensation hereunder that is subject to, and not exempt under, Section 409A. [EV-references to 409A deleted]
19.    “Exchange Act” means the Securities Exchange Act of 1934, as amended from time to time. [EV- deleted]
20.    “Good Reason” means the occurrence of any of the following events (without the Executive's express written consent) arising during the Executive’s employment with the Company and all Affiliates: (a) a material reduction in the Executive's base salary or a material reduction in 

A-3                                                                 

the aggregate overall compensation opportunity available to Executive, provided that the Board shall have the discretion to modify the Executive's overall compensation package subject to the foregoing restrictions, (b) a material diminution in the Executive's authority, duties or responsibilities, (c) in connection with the occurrence of a Change in Control, a permanent relocation in the geographic location at which the Executive must perform services to a location outside the Houston, Texas, or the London, England, metropolitan area, or (d) any other action or inaction that constitutes a material breach by the Company of its obligations under this Agreement. In the case of the Executive's allegation of Good Reason, (i) the Executive shall provide notice to the Board of the event alleged to constitute Good Reason within ninety (90) days of the occurrence of such event, and (ii) the Company shall have the opportunity to remedy the alleged Good Reason event within thirty (30) days from receipt of notice of such allegation.  If the Company does not cure the circumstance giving rise to Good Reason to the Executive's reasonable satisfaction, the Executive must terminate his employment with the Company within thirty (30) days following the end of the thirty (30) day cure period described in clause (ii) above in order for his termination to be considered a termination for Good Reason.
This definition of “Good Reason” is intended to comply with the requirements for such a definition under Section 409A, but only to the extent that Section 409A is applicable to the payment or benefit being provided under the Agreement and, in that case, this term shall be interpreted in a manner which is consistent with such intent under Section 409A. [EV-deleted due to references to 409A]
21.     “Notice” means a written communication complying with Section 20 of the Agreement (“Notify” has the correlative meaning). 
22.    “Notice of Termination” means a written Notice which (a) indicates the specific termination provision in this Agreement or the Employment Agreement that is being relied upon, (b) to the extent applicable, sets forth in reasonable detail the facts and circumstances claimed to provide a basis for termination of the Executive’s employment under the provision so indicated, and (c) if the Employment Termination Date is other than the date of receipt of such Notice, specifies the termination date (which date shall be not more than 60 days after the giving of such Notice).  The failure by one Party to set forth in the Notice of Termination any fact or circumstance that contributes to a showing of Good Reason or Cause shall not waive any right of such Party hereunder, or preclude such Party from asserting such fact or circumstance in enforcing such Party’s rights hereunder.
23.    “Party” means either the Company or the Executive, which are the parties to this Agreement.
24.    “Person” means any individual, firm, corporation, partnership, limited liability company, trust, or other entity, including any successor (by merger or otherwise) of such entity; except for purposes of the definition of Change in Control herein which uses a definition of “person” under the City Code on Takeovers and Mergers.
25.    “Plan” means the ECIP and any bonus, incentive compensation, savings, retirement, long-term incentive plan (or other stock incentive plan), stock option, stock appreciation, stock 

A-4                                                                 

ownership or purchase, pension, deferred compensation, health or welfare benefits, or fringe benefit, plan, policy, practice, program or arrangement of (including any separate contract or agreement with) the Company or any Affiliate for its employees, including any “employee benefit plan” as defined in Section 3(3) of ERISA [EV-reference to ERISA deleted as not applicable under English law], but such term does not include (a) any Employment Agreement or (b) any severance pay benefit plan that is maintained generally for the employees of the Company or any Affiliate. 
26.     “Section 409A” means Code Section 409A, including the Treasury Regulations and other authoritative guidance issued thereunder by the appropriate governmental entity. [EV-deleted]
27.    “Severance Payment” means an amount equal to the sum of:  
		
	(a)
	[one (1) time for Senior Vice Presidents (“SVPs”) and two (2) times for Executive Vice Presidents (“EVPs”)] the Executive’s highest Base Salary in effect at any time within 12 months before the Change in Control Date; plus 

		
	(b)
	[one (1) time for SVPs and two (2) times for EVPs] an amount equal to 100% of the Executive’s targeted bonus under the ECIP for the year which contains the Change in Control Date.

The amount determined under clauses (a) and (b) above shall be subject to all required withholdings pursuant to Section 11 of the Agreement.
In addition to (a) and (b) above, the Company shall maintain continued group health plan coverage following the Employment Termination Date under any of the Company’s group health plans that covered Executive immediately before the Employment Termination Date which are subject to the Consolidated Omnibus Budget Reconciliation Act of 1985, as amended (“COBRA”) (as codified in Code Section 4980B and Part 6 of Subtitle B of Title I of ERISA), for Executive and his eligible spouse and other eligible dependents (together, “Dependents”), for a period of [one (1) year for SVPs and two (2) years for EVPs]following the Employment Termination Date, at a reduced COBRA premium rate that will be charged to Executive (and his Dependents) which is the same as the charge for coverage that is then being charged by the Company to similarly-situated active employees for coverage under such plan at the same level as the COBRA coverage.
After the Employment Termination Date, Executive, and his Dependents, if any, must first elect and maintain any COBRA continuation coverage under the plan that they are entitled to receive under the terms of such plan and COBRA law.  Except for the reduced COBRA premium rate for the first year of COBRA coverage, in all other respects, Executive and his Dependents shall be treated the same as other COBRA qualified beneficiaries under the terms of such plan and the requirements of COBRA law during the period while COBRA coverage remains in effect.  After the end of such [one (1) year for SVPs and two (2) year for EVPs] (if COBRA coverage was not earlier terminated under applicable COBRA law, the premium rate for any remaining COBRA coverage will be the full COBRA premium rate as then in effect under the plan. 
The Company’s obligation to provide the COBRA coverage at the reduced COBRA premium rate shall be terminated if the Executive becomes eligible for group medical coverage provided by 

A-5                                                                 

another employer.  Executive covenants to give prompt notice to Company if the Executive becomes eligible for group medical coverage offered by another employer during such one-year period. [EV-references to COBRA deleted as not applicable under English law and replaced with best efforts obligation to obtain underwriters approval to continue health plan]
For purposes of clause (b) above of this definition:  the “targeted bonus” for the Company in which the Change in Control occurs shall be the amount identified as a “target” for the Executive by the Company for that year.
28.    “Severance Payment Event” means either of: (a) the termination of the Executive’s employment with the Company and all Affiliates, for any reason other than (i) voluntarily by the Executive without Good Reason or (ii) involuntarily by the Company for Cause, provided that in any case such termination must occur within the time period beginning on the Change in Control Date and ending on the last day of the twelfth (12th) month next following the month containing the Change in Control Date (the “Protection Period”), or (b) an Anticipatory Termination.  Any termination of the Executive’s employment that does not occur within this prescribed time limit, or is for a reason other than as described in this paragraph, shall not be considered a Severance Payment Event.  
Any transfer of the Executive’s employment from the Company to an Affiliate, from an Affiliate to the Company, or from one Affiliate to another Affiliate, is not a termination of the Executive’s employment by the Company for purposes of the Agreement (though any such transfer might, depending on the circumstances, constitute or result in a termination of employment by the Executive for Good Reason).  
Any termination by the Company for Cause, or by the Executive for Good Reason, shall be communicated by Notice of Termination to the other Party.
29.    “Specified Employee” means a “specified employee”, as such term is defined in Section 409A. [EV-deleted]
30.    “Subsidiary” means a corporation or other entity, whether incorporated or unincorporated, of which at least a majority of the Voting Securities is owned, directly or indirectly, by the Company. 
31.    “Voting Securities” means securities or other interests having by their terms ordinary voting power to elect members of the board of directors of a corporation or individuals serving similar functions for a non-corporate entity. 
B.INTERPRETIVE MATTERS.  In the interpretation of the Agreement, except where the context otherwise requires: 
		
	(a)
	“including” or “include” does not denote or imply any limitation;

		
	(b)
	“or” has the inclusive meaning “and/or”;

A-6                                                                 

		
	(c)
	the singular includes the plural, and vice versa, and each gender includes each of the others;

		
	(d)
	captions or headings are for reference purposes only, and they are not to be considered in interpreting the Agreement;

		
	(e)
	“Section” refers to a Section of the Agreement, unless otherwise stated in the Agreement;

		
	(f)
	“month” refers to a calendar month; and

		
	(g)
	a reference to any statute, rule, or regulation includes any amendment thereto or any statute, rule, or regulation enacted or promulgated in replacement thereof, as well as any regulation or other authority issued by the appropriate governmental entity under, or with respect to, a statute.

[End of Exhibit A]

A-7                                                                 

EXHIBIT B   
TO 
CHANGE IN CONTROL SEVERANCE AGREEMENT
CONFIDENTIAL RELEASE AGREEMENT
In consideration of the payment of the Severance Payment set forth in that certain Change in Control Severance Agreement (the “CiC Agreement”) dated as of _____________, 201[__], and as it may be amended thereafter, by and between Ensco [insert entity party to the CIC Agreement] (the “Company”) and ___________________ (“Executive”), this Release Agreement (this “Agreement”) is made and entered into by the Company and the Executive. The Company and Executive may be individually referred to herein as “Party” and collectively as the “Parties.”
By signing this Agreement, Executive and the Company hereby agree as follows:
		
	1.
	Purpose.  Terms used in this Agreement with initial capital letters that are not defined herein are defined in the currently effective version of the CiC Agreement between the Parties, which CiC Agreement is incorporated herein by reference for this purpose.  The purpose of this Agreement is to provide for the orderly termination of the employment relationship between the Parties, and to voluntarily resolve and provide a full and absolute and irrevocable release by the Executive of all current and future actual or potential disputes or claims that Executive has or might have, whether or not he has knowledge of them, whether or not they are in the contemplation of the parties and whether or not they exist in fact or law, as of the date of Executive’s execution of this Agreement, against the Company and all of its respective owners, parents, predecessors, successors, divisions, Subsidiaries, Affiliates, related companies, and organizations, and its and their present and former agents, employees, managers, officers, directors, attorneys, stockholders, plan fiduciaries, assigns, representatives, executives, consultants, and all other Persons acting by, through, or in concert with any of them (individually and collectively, the “Released Parties”).  Neither the fact that this Agreement has been proposed or executed, nor the terms of this Agreement, are intended to suggest, or should be construed as suggesting, that the Released Parties have acted unlawfully or violated any federal, state or local law or regulation, or any other duty, policy or contract. [EV-delete reference to federal, state or local]

		
	2.
	Termination of Employment.  Effective ___________ (the “Termination Date”), Executive’s employment with the Company and its Affiliates has terminated. 

		
	3.
	Severance Payment.  In consideration for Executive’s execution of, and required performance under, this Agreement, the Company shall provide Executive with the Severance Payment. Executive confirms and agrees that he would not otherwise have received, or been entitled to receive, the Severance Payment or benefits other than those that are required to be provided under the Employee Retirement Income Security Act of 1974, as amended (“ERISA”) or such other laws that cannot be waived. [EV-Executive’s confirmation of receipt of benefits over and above required under ERISA and local laws deleted and replaced with acknowledgement of receipt of release by Company that has been signed by Executive’s independent legal advisor] All payments hereunder shall be net of 

B-1                                                                 

withholding for applicable federal, state and local taxes to the extent required by law and any other required deductions such as employee benefit coverages.  [EV- delete reference to federal, state and local laws and replace with references to income tax or National Insurance contributions]
		
	4.
	Waiver of Additional Compensation or Benefits.  The Severance Payment to be made to Executive constitutes the entire amount of compensation and consideration due to Executive under this Agreement, and Executive acknowledges that he has no right to seek, and will not seek, any additional or different compensation or consideration for executing or performing under this Agreement.  

		
	5.
	Neutral Employment Reference.  The Company shall provide a neutral employment reference to any potential employers that consider the employment of Executive or seek information concerning the reasons for the departure of Executive.  The Company will provide to any such potential employers the identity of the positions held by Executive and the dates of Executive’s employment with the Company.

		
	6.
	Tax Consequences.  The Company has made no representations to Executive regarding the tax consequences of any benefits received, or to be received, by Executive under the CiC Agreement.  

		
	7.
	Certain Continuing Obligations.  Executive acknowledges and agrees that the post-termination restrictive covenants and obligations that apply to Executive as set forth in the CiC Agreement shall survive termination of the employment relationship and the execution of this Agreement, and Executive shall continue to fully honor his post-employment obligations.  

		
	8.
	Executive Representations.  Executive expressly agrees to and acknowledges, confirms and represents to the following, and intends for the Company to rely upon the following in entering this Agreement:

(a)    The term “Released Parties” means the Company and all of its Subsidiaries and Affiliates, and its and their present and former employees, managers, officers, directors, owners, partners, agents, attorneys, stockholders, plan fiduciaries, representatives, and successors and assigns, all other Persons acting by, through or in concert with any of them (collectively, the “Released Parties”).
(b)    Executive has not filed any complaints, charges, claims or actions against the Company or any of the other Released Parties with any court, agency, or commission regarding any of the matters related to this Agreement or to his employment or separation from service with the Company.  By executing this Agreement, Executive hereby waives the right to recover in any proceeding Executive may bring before the federal Equal Employment Opportunity Commission (“EEOC”) or any state human rights commission, or in any proceeding brought by the EEOC or any state human rights commission on Executive’s behalf, against the Company or any of the other Released Parties. [EV-references to EEOC deleted and replace with undertaking of Executive not to present or issue a claim to any court, tribunal, agency or commission]

B-2                                                                 

(c)    Executive, by entering into this Agreement, is releasing the Released Parties from any and all claims that Executive may have against them under federal, state, or local laws, which have arisen on or before the Release Effective Date (as defined on the signature page of this Agreement). [EV-reference to federal, state and local laws deleted and replaced with references to statute or contract]
(d)    Executive, by entering into this Agreement, is waiving all claims that Executive may have against the Released Parties under the federal Age Discrimination in Employment Act of 1967, as amended (i.e., 29 USC § 621 et seq.), which have arisen on or before the Release Effective Date. [EV-reference to US law deleted and replaced with a reference to the Equality Act]
(e)    Executive has reviewed all aspects of this Agreement, and has carefully read and fully understands this Agreement. 
(f)    Executive has been hereby advised to consult with an attorney of his choice before signing this Agreement. [EV- added an affirmative acknowledgement that Executive has taken independent legal advice from an advisor]
(g)    Executive is knowingly and voluntarily entering into this Agreement, and has relied solely and completely upon his own judgment and, if applicable, the advice of his attorney before entering into this Agreement.
(h)    Executive is not relying upon any representations, promises, predictions, projections, or statements made by or on behalf of the Company or any of the other Released Parties, other than those that are specifically stated in this Agreement.
(i)    Executive represents and acknowledges that in executing this Release, he does not rely, and has not relied, on any prior oral or written communications, promises, agreements, statements, inducements, understandings, or representations by the Company or any of the Released Parties, except as expressly contained in this Agreement.  Further, Executive expressly disclaims any reliance on any prior oral or written communications, promises, agreements, statements, inducements, understandings, or representations in entering into this Agreement and, therefore, Executive understands and agrees that he is precluded from bringing any fraud or similar claim against the Company or any of the other Released Parties associated with any such communications, promises, agreements, statements, inducements, understandings, or representations, and he is hereby entering into this Agreement based on his own independent judgment.
(j)    Executive acknowledges that this Agreement shall be binding on Executive, and on his spouse, heirs, administrators, representatives, executors, beneficiaries, successors and assigns.
(k)    Executive agrees that this Agreement shall, in all cases, be construed as a whole, according to its fair meaning, and not strictly for or against, either of the Parties.

B-3                                                                 

(l)    Executive does not waive any right or claim that initially arose for the first time after the Release Effective Date.
(m)    Executive will receive payment of consideration under this Agreement that is beyond what Executive was entitled to receive before entering into this Agreement.
(n)    Executive understands and agrees that this Agreement shall not in any way be construed as an admission by the Released Parties of any unlawful or wrongful acts whatsoever against Executive or any other Person; and the Released Parties specifically disclaim any liability to, or wrongful acts against, Executive or any other Person.
		
	9.
	Release.  Executive, on behalf of himself and his spouse, heirs, administrators, representatives, executors, beneficiaries, successors and assigns (individually and collectively, the “Releasing Parties”), hereby fully, unconditionally and forever releases, acquits and discharges the Released Parties, jointly and severally, from and against any and all claims, demands, actions, lawsuits, grievances, liabilities, and obligations of any nature whatsoever that the Releasing Parties had, have or may ever have against the Released Parties, or that might be assigned by the Releasing Parties, whether known or unknown, fixed or contingent, as of the Release Effective Date.  Executive acknowledges, understands and agrees that this Agreement specifically includes, without limitation, (a) law or equity claims; (b) contract (express or implied) or tort claims; (c) claims arising under any federal, state or local laws of any jurisdiction that prohibit age, sex, race, national origin, color, disability, religion, veteran, military status, sexual orientation or any other form of discrimination, harassment, hostile work environment or retaliation (including, without limitation, the Age Discrimination in Employment Act of 1967, the Older Workers Benefit Protection Act, the Americans with Disabilities Act of 1990, the Americans with Disabilities Act Amendments Act of 2008, Title VII of the Civil Rights Act of 1964, the Civil Rights Act of 1991, the Civil Rights Acts of 1866 and/or 1871, 42 U.S.C. Section 1981, the Rehabilitation Act, the Family and Medical Leave Act, the Sarbanes-Oxley Act, the Executive Polygraph Protection Act, the Worker Adjustment and Retraining Notification Act, the Equal Pay Act of 1963, the Lilly Ledbetter Fair Pay Act, the Uniformed Services Employment and Reemployment Rights Act of 1994, the Genetic Information and Nondiscrimination Act of 2008, the Texas Commission on Human Rights Act, the Texas Labor Code, Section 1558 of the Patient Protection and Affordable Care Act of 2010, the Consolidated Omnibus Budget Reconciliation Act of 1985, and any other federal, state or local laws of any jurisdiction); (d) claims under any other federal, state, local, municipal or common law whistleblower protection, discrimination, wrongful discharge, anti-harassment or anti-retaliation statute or ordinance; (e) claims arising under ERISA; or (f) any other statutory or common law claims related to Executive’s employment or separation from employment with the Company or its Affiliate.  Executive further represents that, as of the Release Effective Date, he has not been the victim of any illegal or wrongful acts by any of the Released Parties, including, without limitation, discrimination, retaliation, harassment or any other wrongful act based on sex, age, race, religion, or any other legally protected characteristic. [EV- references to US federal, state and local laws deleted and replace with corresponding provisions under English law]

B-4                                                                 

The release contained in this Section 9 does not include the following:  (a) a claim for which the facts giving rise to such claim first occurred after the Release Effective Date; (b) any eligibility to receive continuation of health care coverage to the extent required under COBRA; (c) any vested benefit under any Plan to the extent required by ERISA and the terms of the Plan; (d) any claim for worker’s compensation benefits that is currently pending as of the Release Effective Date; (e) any right of Executive to be indemnified by the Company or an Affiliate under the terms of a Deed of Indemnity and/or in his capacity as an officer or employee of the Company or any Affiliate during his employment period through the Termination Date, or as an insured under any applicable liability policy; (f) any claim challenging the validity of this release under the Older Workers Benefit Protection Act; and (g) any claim or cause of action by or on behalf of Executive (or his beneficiary) for (i) any payment or other benefit that is required under the terms of the CiC Agreement or any Plan, prior to the receipt thereof, or (ii) any breach of the CiC Agreement by the Company. [EV-references to ERISA and COBRA deleted]
		
	10.
	Time to Consider Agreement.  Executive shall have, and by signing this Agreement Executive acknowledges and represents that he has been given, a time period of at least [insert twenty-one (21) or forty-five (45) as appropriate] days to consider whether to elect to sign this Agreement, and to thereby waive and release the rights and claims addressed in this Agreement. [Add if 45-day period applies: , and Executive acknowledges that attached to this Agreement is a list provided to Executive by the Company of (a) the job titles and ages of all employees selected for participation in the employment termination or exit incentive program pursuant to which Executive is being offered this Agreement, (b) the job titles and ages of all employees in the same job classification or organizational unit who were not selected for participation in the program, and (c) information about the unit affected by the program, including any eligibility factors for such program and any time limits applicable to such program]. [EV- references to alternative periods before signing deleted and replaced with a period of at least ten days] Although Executive may sign this Agreement prior to the end of the applicable time period (as specified above), Executive may not sign this Agreement on or before the Termination Date.  In addition, if Executive signs this Agreement prior to the end of the applicable time period, Executive shall be deemed, by doing so, to have certified and agreed that the decision to make such election prior to the expiration of the applicable time period is knowing and voluntary and was not induced by the Company through: (a) fraud, misrepresentation, or a threat to withdraw or alter the offer prior to the end of the applicable time period; or (b) an offer to provide different terms or benefits in exchange for signing the Agreement prior to the expiration of applicable time period.

		
	11.
	Seven Day Revocation Period.  Executive may revoke this Agreement at any time within seven (7) days after he signs it.  To revoke the Agreement, Executive must deliver written Notice of such revocation to the attention of the Chief Executive Officer, or in the absence thereof, an Executive Vice President, within seven (7) days after the date that he signs this Agreement.  Executive further understands that if he does not revoke the Agreement within seven (7) days following its execution (excluding the date of execution), it will become effective, binding, and enforceable as of the Release Effective Date. [EV- Deleted]

B-5                                                                 

		
	12.
	Agreement Not to Sue.  Except as required by law that cannot be waived, Executive agrees that he will not commence, maintain, initiate, or prosecute, or cause, encourage, assist, volunteer, advise or cooperate with any other person to commence, maintain, initiate or prosecute, any action, lawsuit, proceeding, charge, petition, complaint or claim before any court, agency or tribunal against the Company or any other Released Party arising from, concerned with, or otherwise relating to, in whole or in part, Executive’s employment or separation from employment with the Company or an Affiliate, or any of the other matters discharged and released in this Agreement.  Executive further understands and agrees that if he, or someone acting on his behalf, should file, or cause to be filed, any such claim, charge, complaint, or action against the Company and/or any other Released Party, Executive expressly waives any and all rights to recover any damages or other relief from the Company and/or other Released Party including, without limitation, costs and attorneys’ fees.  Executive further represents and warrants that he has not filed or lodged, and has no outstanding claims, including, without limitation, any lawsuits, charges of discrimination, or administrative proceedings, against the Company or any of the Released Parties regarding matters that have been released pursuant to this Agreement.

		
	13.
	Participation in Investigations.  Notwithstanding any other provision of the Agreement to the contrary, the Agreement is not intended to interfere or prevent Executive from filing a charge or claim with any governmental agency charged with investigating employment claims, including, but not limited to, the EEOC, or, from participating in, cooperating with, or providing truthful evidence in connection with an investigation being conducted by a governmental agency responsible for investigating employment claims; provided, however, Executive hereby agrees that such filing or participation does not give Executive the right to recover any damages or equitable relief (including, but not limited to, reinstatement, back pay, front pay, damages, and attorneys’ fees) against the Company or any of the other Released Parties based on his release of claims in this Agreement.  By executing this Agreement, Executive also hereby waives the right to recover monetary damages in any proceeding he may bring before the EEOC or any state or local human rights commission or in any proceeding brought by the EEOC or any state or local human rights commission (or any other agency) on Executive’s behalf. [EV-Deleted references to EEOC]

		
	14.
	Release by the Company. Provided that Executive executes this Agreement and does not revoke it as provided in Section 11,[EV-delete reference to revocation] and Executive remains in continued compliance with this Agreement, the Company, on behalf of itself and its Affiliates, successors and assigns, hereby fully and forever releases, acquits and discharges Executive from all claims, demands, actions, lawsuits, grievances, and obligations of any nature whatsoever that the Company or its Affiliate has or might have against Executive as of the Release Effective Date arising from or in any way connected with or related to Executive’s service as an officer, director, employee, or agent of the Company or any of its Affiliates; provided, however, that any such release (a) shall not apply to any claims, demands, actions, lawsuits, grievances or causes of action that the Company or Affiliate may have against Executive for past conduct that constitutes fraud or willful misconduct, (b) shall not serve to waive or release any rights or claims of the Company or Affiliate that first arise after the Release Effective Date, and (c) shall not affect any future obligation which Executive 

B-6                                                                 

may have to the Company, Affiliate, or any other Released Party under the terms of this Agreement, the CiC Agreement, or any Employment Agreement or indemnity agreement. 
		
	15.
	Cooperation.  After Executive’s termination of employment, he agrees to cooperate with the Company on the terms and conditions as set out in the CiC Agreement.  

		
	16.
	Severability.  Should any provision of this Agreement be declared or be determined by any court of competent jurisdiction to be illegal, invalid or unenforceable, all remaining provisions of this Agreement shall otherwise remain in full force and effect and be construed as if such illegal, invalid, or unenforceable provision has not been included herein.

		
	17.
	Relief.  It is further understood and agreed that if a violation of any term of this Agreement is asserted, the Party who asserts such violation shall have the right to seek specific performance of that term and/or any other necessary and proper relief as permitted by law or equity, including but not limited to, damages from any court of competent jurisdiction, and the prevailing Party shall be entitled to recover its reasonable costs and attorney’s fees.  Nothing in this Agreement will be construed to prevent Executive from challenging the validity of this Agreement under the Age Discrimination in Employment Act or Older Workers’ Benefit Protection Act.[EV- previous sentence deleted]  Executive further understands and agrees that if he, or someone acting on his behalf, files, or causes to be filed, any such claim, charge, complaint, or action against the Company, any Affiliate, or other Released Parties, Executive expressly fully waives and relinquishes any right to recover any damages or other relief, whatsoever, from the Company, its Affiliates, and/or other entities, including costs and attorneys’ fees.

		
	18.
	Binding Effect.  This Agreement shall be binding upon and inure to the benefit of the Parties, and their respective heirs, executors, beneficiaries, personal representatives, successors and permitted assigns hereunder, but otherwise this Agreement shall not be for the benefit of any third parties.

		
	19.
	Entire Agreement.  This Agreement sets forth the entire agreement of the Parties and fully supersedes and replaces any and all prior agreements, promises, representations, or understandings, written or oral, between the Company (and any other Released Party) and the Executive that relates to the subject matter of this Agreement.  This Agreement may be amended or modified only by a written instrument identified as an amendment hereto that is executed by both Parties.  Executive acknowledges that in executing this Agreement, Executive does not rely, and has not relied, upon any oral or written representation, promise or inducement by the Company and/or any of the other Released Parties, except as expressly contained in this Agreement.

		
	20.
	Choice of Law and Forum.  THIS AGREEMENT SHALL BE GOVERNED BY, AND CONSTRUED AND INTERPRETED IN ACCORDANCE WITH, THE LAWS OF THE STATE OF TEXAS, EXCEPT TO THE EXTENT PREEMPTED BY CONTROLLING FEDERAL LAW, BUT WITHOUT REGARD TO PRINCIPLES OF CONFLICT OF LAWS THAT MIGHT DIRECT THE APPLICATION OF THE LAW OF ANOTHER JURISDICTION.  ANY ACTION TO ENFORCE THE PROVISIONS OF THIS AGREEMENT, OR ANY DISPUTE RELATING TO THIS AGREEMENT, MUST BE BROUGHT IN ANY FEDERAL OR STATE COURT OF COMPETENT 

B-7                                                                 

JURISDICTION IN HARRIS COUNTY, TEXAS, AND THE PARTIES HEREBY WAIVE ANY OBJECTION TO SUCH EXCLUSIVE VENUE INCLUDING, WITHOUT LIMITATION, THAT IT IS INCONVENIENT.  For all purposes of this Agreement, the term “Dispute” means any dispute, disagreement, controversy, claim, or cause of action arising in connection with or relating to this Agreement, the CiC Agreement, or to Executive’s employment or termination of employment with the Company. [EV-References to Texas law and courts deleted and replaced with English law and courts]
		
	21.
	Waiver of Jury Trial.  THE PARTIES HERETO WAIVE ANY RIGHT TO TRIAL BY JURY IN ANY PROCEEDING ARISING OUT OF OR RELATING TO THIS AGREEMENT, WHETHER NOW EXISTING OR HEREAFTER ARISING, AND WHETHER SOUNDING IN CONTRACT, TORT OR OTHERWISE.  THE PARTIES AGREE THAT ANY OF THEM MAY FILE A COPY OF THIS PARAGRAPH WITH ANY COURT AS WRITTEN EVIDENCE OF THE KNOWING, VOLUNTARY AND BARGAINED-FOR AGREEMENT AMONG THE PARTIES TO IRREVOCABLY WAIVE TRIAL BY JURY, AND THAT ANY PROCEEDING WHATSOEVER BETWEEN THEM RELATING TO THIS AGREEMENT SHALL INSTEAD BE TRIED IN A COURT OF COMPETENT JURISDICTION BY A JUDGE SITTING WITHOUT A JURY. [EV-Deleted]

		
	22.
	Waiver.  A Party’s waiver of any breach or violation of any provision of this Agreement shall not operate as, or be construed to be, a waiver of any later breach of the same or any other provision hereof by such Party.

		
	23.
	Assignment.  The Agreement may be assigned by the Company to its successor in interest, in which case the rights and obligations of the Company under the Agreement shall inure to the benefit of and shall be binding upon its successor in interest which shall then be the “Company” Party as referenced herein.  Except as provided in the Agreement, Executive may not assign the Agreement, or any of his rights or obligations under the Agreement, without the written consent of the Company.  Any attempted assignment by Executive in violation of the Agreement shall be null and void.

		
	24.
	Amendment.  The Agreement may be amended or modified only by a written instrument identified as an amendment hereto that is executed by both Parties.  

		
	25.
	Survival of Certain Provisions.  Wherever appropriate to the intention of the Parties, the respective rights and obligations of the Parties hereunder shall survive any termination or expiration of this Agreement.

[EV- New provision added regarding compliance with statutory requirements under English law]
[EV- Legal Advisers’ certificate added]

B-8                                                                 

[Intentionally blank]

B-9                                                                 

PLEASE READ CAREFULLY BEFORE SIGNING
		
	•
	Executive acknowledges that he has carefully read and understands the terms of this Agreement and his obligations hereunder.

		
	•
	Executive acknowledges that he has been advised to review this Agreement with an attorney of his choosing.

		
	•
	Executive acknowledges that he has been given at least 21 days to consider whether to sign this Agreement.  Executive acknowledges that if he signs this Agreement before the end of such period, it will be his personal and voluntary decision to do so.

		
	•
	Executive understands that this Agreement will not become effective or enforceable until after the 7-day revocation period has expired.  The Company will have no obligations to Executive under this Agreement or the CiC Agreement if Executive revokes the Agreement during such 7-day period. [EV-deleted]

		
	•
	This Agreement may be executed in any number of counterparts, each of which shall be deemed an original, but all of which together shall be deemed one and the same instrument.

I ACKNOWLEDGE THAT (1) I HAVE CAREFULLY READ THE FOREGOING AGREEMENT, (2) I UNDERSTAND ALL OF ITS TERMS AND CONDITIONS, (3) I AM RELEASING CLAIMS, AND (4) I AM VOLUNTARILY ENTERING INTO THIS AGREEMENT.  
[Signature page follows]

B-10                                                                 

Please review this document carefully as it includes a release of claims.
IN WITNESS WHEREOF, the Executive has entered into this Agreement, and the Company has caused this Agreement to be executed in its name and on its behalf by its duly authorized officer, to be effective as of the date this Agreement is executed by Executive as set forth beneath Executive’s signature below (the “Release Effective Date”).
This document was presented to Executive on ______________.
	
					
	COMPANY

	 
	 
	 
	 

	 
	 
	 
	 
	 

	By:__________________________________________________
	 
	 

	 
	 
	 
	 
	 

	Printed Name:__________________________________
	 
	 

	Title:_________________________________________________
	 
	 

	Date:_________________________________________________
	 
	 

	Address:
	 
	 
	 
	 

	____________________________________
	 
	 
	 

	____________________________________
	 
	 
	 

	
					
	Note: Executive may not sign this Agreement on or before the Termination Date.

	 
	 
	 
	 
	 

	EXECUTIVE
	 
	 
	WITNESS
	 

	___________________________________
	 
	___________________________________

	 
	 
	 
	 
	 

	Executive's Signature
	 
	Witness' Signature

	Printed Name: ________________________
	 
	Printed Name: ________________________

	Date:__________________________________
	 
	Title:__________________________________

	 
	 
	 
	Date:__________________________________

	Address for Notice:
	 
	 
	 
	 

	______________________________________________
	 
	 
	 

	______________________________________________
	 
	 
	 

	______________________________________________
	 
	 
	 

B-11

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