SEC Contract Filing

Filing Date: 2016-11-22

Document Content:
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<TYPE>EX-10.4
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<FILENAME>d298528dex104.htm
<DESCRIPTION>EX-10.4
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 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="right"><B>Exhibit 10.4 </B></P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
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 </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">[Date] </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>TO: </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>FROM: </B></P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
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<TD WIDTH="5%" VALIGN="top" ALIGN="left"><B>RE:</B></TD>
<TD ALIGN="left" VALIGN="top">Cash-Settled Restricted Stock Unit Award </TD></TR></TABLE> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Atwood Oceanics, Inc. (the &#147;Company&#148;) hereby awards to
you, effective as of &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (the &#147;Date of Grant&#148;),
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;cash-settled restricted stock units (the &#147;Restricted Stock Units&#148;) evidencing the right to receive the cash value of an equivalent number of
shares of Common Stock, $1.00 par value, subject to adjustment as provided in Section&nbsp;11 of the Atwood Oceanics, Inc. 2013 Long-Term Incentive Plan (the &#147;Plan&#148;). </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Except as otherwise provided in Sections 2 or 3 of the Terms and Conditions of Cash-Settled Restricted Stock Unit Award, attached hereto as Appendix A (the
&#147;Terms and Conditions&#148;), the Restricted Stock Units will vest in substantially equal installments on each anniversary of Date of Grant (each a &#147;Vesting Date&#148;) during the three year period beginning on the Date of Grant; provided
you remain continuously employed by the Company, its subsidiary or an affiliate on each Vesting Date. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">The award of Restricted Stock Units is governed by
the terms and conditions of the Plan, any rules and regulations adopted by the Compensation and Human Resources Committee of the Board of Directors of the Company (&#147;Committee&#148;), and the Terms and Conditions which form a part of this award
letter to you (the &#147;Notice&#148;). The Prospectus related to this offering can be referenced on myAtwood under Controlled Documents on the Human Resources site. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Sincerely, </P>

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 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="right"><U>Appendix A </U></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B><U>ATWOOD OCEANICS, INC. </U></B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B><U>2013 LONG-TERM INCENTIVE PLAN </U></B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B><U>TERMS AND CONDITIONS OF </U></B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B><U>CASH-SETTLED RESTRICTED STOCK UNIT AWARD </U></B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">The cash-settled restricted stock units (the &#147;Restricted Stock Units&#148;) awarded to you on the &#147;Date of Grant&#148; set forth in the award letter
to you (the &#147;Award Letter&#148;) by Atwood Oceanics, Inc. (the &#147;Company&#148;) are subject to the 2013 Long-Term Incentive Plan (the &#147;Plan&#148;), these Terms and Conditions and any rules and regulations adopted by the Committee.
Terms used herein and not otherwise defined shall have the meaning set forth in the Plan and the Award Letter. </P> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
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<TD WIDTH="4%" VALIGN="top" ALIGN="left">1.</TD>
<TD ALIGN="left" VALIGN="top"><U>Vesting/Forfeiture</U>. Except as otherwise accelerated pursuant to Sections 2 or 3 below, the Restricted Stock Units shall vest in substantially equal installments on each anniversary of the Date of Grant (each a
&#147;Vesting Date&#148;) during the three year period beginning on the Date of Grant (the &#147;Restriction Period&#148;). If your employment with the Company, its subsidiary or an affiliate (collectively, the &#147;Company Group&#148;) terminates
for any reason other than by reason of your death, the unvested portion of the Restricted Stock Units shall be automatically forfeited on the date of your termination of employment. Furthermore, the Restricted Stock Units are subject to forfeiture,
in whole or in part, if the Committee or its designee determines, in its sole discretion, that you have taken any unlawful action detrimental to the Company or have violated Company policy; any such determination for an employee other than the Chief
Executive Offer shall be based on the recommendation of the Chief Executive Officer. </TD></TR></TABLE> <P STYLE=