Document:

Amendment to Employment Agreement

 Exhibit 10.1 
 AMENDMENT TO EMPLOYMENT AGREEMENT 
 THOMAS E. HORD 
 This Amendment to Employment Agreement (this “Amendment”) is made effective as of the 31st day of October, 2006 by and between Hercules
Drilling Company, LLC, a Delaware limited liability company with its principal place of business at 11 Greenway Plaza, Suite 2950, Houston, Texas 77046 (the “Company”), and Thomas E. Hord, residing at 104 Bayou Lane, Kemah, Texas 77565
(“Executive”). 
 WITNESSETH 
 WHEREAS, Executive and the Company entered into an Employment Agreement effective as of January 1, 2005 (the “Agreement”); and 
 WHEREAS, Executive and the Company desire to amend the Agreement in certain respects, as provided herein; 
 NOW, THEREFORE, in consideration of the mutual promises, covenants and agreements contained herein and other good and valuable consideration, the receipt
and sufficiency of which are hereby acknowledged, the parties agree as follows: 
 1. Definitions. Capitalized terms used herein
without definition have the meanings assigned to such terms in the Agreement. 
 2. Amendments. The Parties agree that the
Agreement is hereby amended as follows: 
 a. Section 2(b)(ii) of the Agreement is amended as follows: 
 Provided that Executive remains employed by the Company through October 31, 2006, Executive shall receive a bonus of $150,000, which bonus is
pro-rated through October 31, 2006. The bonus is payable at the time which the Company ordinarily pays bonuses. 
 b. Section 3 of
the Agreement is amended as follows: 
 TERM; TERMINATION; RIGHTS ON TERMINATION. The term of this Agreement shall begin on the
Effective Date and continue through October 31, 2006 (the “Term”). 
 c. Section 3(e) of the Agreement is amended as
follows: 
 Expiration of Term. Unless sooner terminated pursuant to the terms of this Agreement, upon expiration of the Term, this
Agreement will terminate without further action of either party and be of no further force or effect, except for those provisions which by their terms specifically survive termination. The Term of this Agreement may be extended only if the Company
and Executive agree to 

  

 AMENDMENT TO EMPLOYMENT AGREEMENT – Page 1 

 
extend the Term in a writing signed by a duly authorized officer of the Company and Executive. In the event of a termination of Executive’s employment
pursuant to the expiration of the Term and any extension thereof pursuant to this Section 3(e), Executive shall have no right to any severance compensation. 
 3. Amendment of Options. The exercise period of the outstanding options to purchase common stock of Hercules Offshore, Inc., the parent company of the Company (“Parent”), which have previously
been granted to Executive by Parent in satisfaction of the obligations of Company under Section 2(b)(viii) of the Agreement, shall be extended so that such exercise period shall expire at 5:00 p.m. Houston, Texas time, on March 14, 2007.

 4. Release Of Claims. 
 a. Executive hereby RELEASES AND FOREVER DISCHARGES the Company, and its owners, members, stockholders, agents, directors, officers, managers, partners, employees, insurers, representatives, lawyers, employee welfare benefit plans, pension
plans and/or deferred compensation plans and their trustees, administrators or other fiduciaries, the successors or assigns of any of the foregoing, and all persons acting by, through, under, or in concert with them, or any of them (collectively,
the “Released Parties”) of and from any and all manner of action or actions, cause or causes of action, at law or in equity, suits, debts, liens, contracts, agreements, promises, liabilities, claims, demands, damages, loss, cost or
expense, of any nature whatsoever, known or unknown, fixed or contingent, direct or indirect, asserted or unasserted, liquidated or unliquidated, due or to become due (hereinafter called “claims”), which Executive now has or may hereafter
have against the Released Parties by reason of any matter, cause, or thing whatsoever up to and including the date hereof including but not limited to those claims arising pursuant to any contract between the parties thereto, or arising out of his
employment with the Company, including but not limited to any violation or alleged violation of Title VII of the Civil Rights Act of 1964, as amended, the Older Workers Benefit Protection Act of 1990, the Equal Pay Act, as amended, the Fair Labor
Standards Act, the Employee Retirement Income Security Act, the Americans With Disabilities Act, the Texas Labor Code, the Texas Unemployment Insurance Act, the Texas Worker’s Compensation Act, the Civil Rights Act of 1866, the Consolidated
Omnibus Budget Reconciliation Act, or any other federal, state, or local statute, regulation, or ordinance, and any violation or alleged violation of the Age Discrimination in Employment Act, as amended. 
 b. With respect to Executive’s agreement to release any claims for violations or alleged violations of the Age Discrimination in Employment Act, as
amended, as discussed in Paragraph 4(a), above, Executive understands that such agreement is written in a manner calculated to be understood by him, that he understands such agreement, that he does not waive any rights or claims that may arise after
the date this Amendment is executed, that he is waiving any rights or claims only in exchange for consideration in addition to anything of value to which he already is entitled, that he is advised to consult with an attorney prior to executing this
Amendment, that he has a period of at least twenty-one (21) days within which to consider the Amendment, including the agreement set forth in Paragraph 4(a), that he has a period of at least seven (7) days following the execution of this
Amendment within which to revoke this Amendment, in which case, this Amendment shall have no further force or effect, except for Paragraph 4(c) hereof, which shall become effective immediately with not further act of the parties. 
  

 AMENDMENT TO EMPLOYMENT AGREEMENT – Page 2 

 c. Notwithstanding anything to the contrary set forth herein or in the Agreement, should Executive revoke
this Amendment in accordance with Paragraph 4(b) above, the parties acknowledge and agree that notice is hereby given by the Company that the Term of the Agreement shall expire on August 31, 2006, and that no further action or notice of either
of the parties shall be required in order to effect the termination of the Agreement as of such date. 
 5. Ratification.
Except as amended or modified by this Amendment, the Agreement is hereby ratified by each of the parties hereto and shall remain in full force and effect in accordance with its terms. 
 6. Counterparts. This Amendment may be executed in one or more counterparts, each of which shall be deemed an original, but all of which
together shall constitute one and the same instrument. 
 [Signatures appear on following page] 
  

 AMENDMENT TO EMPLOYMENT AGREEMENT – Page 3 

 IN WITNESS WHEREOF, the parties have executed this Amendment, to be effective as of the date first
above written. 
  

			
	HERCULES DRILLING COMPANY LLC
		
	 By:
	 	 /s/ James W. Noe

	 Name:
	 	James W. Noe
	 Its:
	 	 Manager

		
	 Date:
	 	 October 31, 2006

	
	 EXECUTIVE

		
	By:	 	/s/ Thomas E. Hord
		 	THOMAS E. HORD
		
	 Date:
	 	 October 31, 2006

  

 AMENDMENT TO EMPLOYMENT AGREEMENT – Page 4Expatriate Employment Agreement

 Exhibit 10.2 
 

 
 EXPATRIATE EMPLOYMENT AGREEMENT 
 This Expatriate Employment Agreement (the “Agreement”) is entered into on November 1, 2006, between Hercules Offshore, Inc. (the “Company”) and Don P. Rodney (“You” or
“you”) (together, the “Parties”) with the following terms and conditions. 
  

	1.	Effective November 1, 2006, your position will be President, Hercules International Holdings international group of companies based in the Cayman Islands, reporting to Steve
Manz, Chief Financial Officer. Pursuant to a separate agreement between the Company and a member of the Hercules International Holdings, Ltd. international group (“International”), the Company shall second you to International for a term
equal to the duration of this Agreement. 

  

	2.	The term of your employment will be two (2) years commencing on November 1, 2006 (the “Term”). 

  

	3.	Your point of origin is designated as Houston, Texas. The Company will permanently relocate you to and from the Cayman Islands, unless your employment is terminated for cause as
provided in Section 16 of this Agreement. 

  

	4.	You will be eligible for an annual bonus of up to 30% of base salary (with a maximum of 60%) depending upon meeting predetermined goals as defined in the HERO Bonus Plan.

  

	5.	Your bi-weekly salary will be US $6153.84 payable in accordance with the standard payroll policies of the Company. Your bi-weekly salary will be subject to standard U.S.
withholdings. 

  

	6.	 You acknowledge your responsibility for payment of income taxes in any applicable jurisdiction including without limitation your home country or any country in
which you are located. The Company will attempt to provide, to the extent practicable, that you pay neither a greater nor lesser tax than if you had been employed in the home country and compensation consisted of an amount equal to base pay plus the
taxable portion of group term life insurance, auto allowance or other if any, and any additional compensation, if applicable. To the extent your tax burden is greater, the Company will provide an equalization subsidy. To the extent your tax burden
is less, the Company will assess an equalization charge. The equalization calculation and your U.S. tax return will be prepared by the Company’s accountants. You agree to provide all of your relevant personal income tax information to the
Company’s accountants on a timely basis. Any tax liability resulting from your failure to provide full and 

  

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complete tax information to the Company’s accountants on a timely basis shall be borne by you. To the extent an equalization charge is due the Company
by you, it will be immediately payable upon review and acceptance of the accountant’s equalization calculations. The Company reserves the right to terminate or modify this provision at any time provided that, absent unusual circumstances, the
Company will not make any such termination or modification effective prior to the beginning of the calendar year following the year in which the decision to terminate or modify this provision is announced. 

  

	7.	You will be provided furnished housing in the Cayman Islands, which is a benefit provided to you solely in consideration of work performed at the foreign location.

  

	8.	As a condition of employment, you agree to establish a direct deposit capability with a United States banking institution for deposit of monies earned during your overseas
assignment. 

  

	9.	The Company will pay the brokerage fees and closing costs associated with the sale of your residence in Houston, Texas, provided that the transaction is closed during the Term.

  

	10.	You will be entitled to a vacation allowance of 20 working days each year of international service. You and your wife will be provided with an annual round trip business class
airline ticket from the Cayman Islands to your point of origin. All vacations must be scheduled with the approval of your supervisor. 

  

	11.	You will be provided a company vehicle, which is a benefit provided solely in consideration of work performed at the foreign location. 

  

	12.	You will continue to be eligible for medical, dental and vision coverage through Cigna, and 401-k and short-term disability according to the terms of the respective benefit plans.

  

	13.	This position is subject to the Company’s ability to obtain the proper visa, work permit or clearance for you to be able to reside and work in the Cayman Islands.

  

	14.	You recognize that you are provided with benefits and compensation (as described in detail above) under the terms of this Agreement that are only available to the Company’s
employees on expatriate assignments and that this package is offered to you in lieu of the benefits available to employees on the local payroll in the Cayman Islands. Even though you may be required to execute an employment agreement with the
Company’s affiliate in the Cayman Islands, you agree that this Agreement will govern the terms of your employment with the Company and its affiliates and that you are not entitled to, and will not seek benefits or compensation of any type
(vacation, holiday bonuses, profit-sharing, severance, etc.) in the Cayman Islands. 

  

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	15.	If you are a citizen or lawful permanent resident of the United States of America, all health care benefits provided by the Company shall cease on the last day of the month of
termination. Following termination, you may be eligible for continuation of coverage in accordance with provisions of the Consolidated Omnibus Budget Reconciliation Act (COBRA). The Company will notify you of your entitlement upon termination. If
you are other than a citizen or lawful permanent resident of the United States of America, all health care benefits provided by the Company shall cease on the last day of the month of termination. If you are returning to work with the Company within
one month of a contract completion, you will be provided with an extension of group health insurance coverage. Your contribution will be required for the month of interim coverage. 

  

	16.	The Company may terminate your employment for cause at any time without notice. For purposes of this provision, “cause” includes (i) any act of dishonesty or fraud;
(ii) conviction of a felony or any crime involving moral turpitude; (iii) knowing violation of any written Company policy or any policies applicable to the Company’s business; (iv) violations of applicable laws, rules or
regulations that expose the Company to damages or liability; (v) willful failure to perform any duties as requested by the Company; or (vi) material breach of any material provision of this Agreement. In the event of a termination for
cause, as enumerated above, you shall have no right to any severance compensation. 

  

	17.	If at any time after the commencement of employment, before the expiration of the Term, the Company or You may, without cause, terminate this Agreement and your employment,
effective thirty (30) days after written notice is provided to the other party. Should You be terminated by the Company without cause effective during the Term, You shall receive as severance from the Company, (1) in installment payments
(without interest) in accordance with normal payroll practices of the Company, an amount equal to your monthly base salary at the rate then in effect for the remainder of the Term, but not less than twelve (12) months; and (2) an
additional sum, payable in monthly installments payments, equal to the target annual bonus referred to in Section 4 hereof for the year prior to the year in which You are terminated without cause; provided, however, that the commencement of the
aforementioned monthly installment payments described in clauses (1) and (2) shall be delayed to the extent necessary to comply with section 409A of the Internal Revenue Code of 1986, as amended. Also as severance, the Company will
continue to provide for and pay to You, without exception until the termination date of this Agreement, but not less than twelve (12) months, the cost of applicable premium associated with the provision of COBRA continuation coverage to the
extent such coverage is timely elected and does not otherwise expire. You are not entitled to the severance compensation described in this Section 17 if on the effective date of the discharge you are engaged in any activities that compete with
the Company’s business. Furthermore, if you resign or otherwise terminate your employment without cause pursuant to this Section 17, you shall receive no severance compensation. 

  

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	18.	Any disputes arising from, related to, resulting from or connected with this Agreement or your employment, whether before this agreement takes effect or after the expiry of its term
or termination, shall be submitted exclusively to binding and final arbitration in Houston, Texas. The arbitration shall be administered by and conducted in accordance with the then current National Rules for the Resolution of Employment Disputes of
the American Arbitration Association. 

 All terms and conditions of your assignment are subject to periodic
review and may be changed without advance notice. 
  

									
	(“Employee”)	 		  	 (“Company”)
  
 HERCULES OFFSHORE INC.

				
	 /s/ Don P. Rodney
	 		  	By:	 	 /s/ James W. Noe

	DON P. RODNEY 	 		  	Name:	 	 James W. Noe

		 		 		  	Title:	 	 Vice President—General Counsel

	Date:	 	 October 31, 2006
	 		  	Date:	 	 October 31, 2006

  

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