SEC Contract Filing

Filing Date: 2016-11-02

Document Content:
<DOCUMENT>
<TYPE>EX-10.1
<SEQUENCE>4
<FILENAME>rig-20160930ex101deaa98.htm
<DESCRIPTION>EX-10.1
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 <font style="display:inline;">Exhibit 10.1</font>

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 <font style="display:inline;font-family:Cambria;">August 23, 2016</font>
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 <font style="display:inline;font-family:Cambria;">Mr. Jeremy D. Thigpen</font>
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 <font style="display:inline;font-family:Cambria;">Dear Mr. Thigpen,</font>
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 <font style="display:inline;font-family:Cambria;">This employment agreement (the &#x201C;Agreement&#x201D;) between you and Transocean Offshore Deepwater Drilling Inc. (&#x201C;TODDI&#x201D;) supersedes all prior arrangements and the terms and conditions of your existing employment agreement with you and TODDI dated April 21, 2015.&nbsp; All references in this Agreement to &#x201C;Transocean&#x201D; or &#x201C;Company&#x201D; shall mean Transocean Ltd. and its affiliates. </font>
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 <font style="margin:0pt;font-weight:bold;font-family:Arial,Helvetica,sans-serif;font-size:12pt;;"> 1.</font>
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 <font style="display:inline;font-family:Cambria;font-weight:bold;">Effectiveness</font><font style="display:inline;font-family:Cambria;">: This Agreement is effective September 1, 2016, subject to the approval of the terms of this Agreement by the Compensation Committee (the &#x201C;Committee&#x201D;) of the Board of Directors of Transocean Ltd. (the &#x201C;Board&#x201D;).&nbsp;</font></p></td></tr></table></div>
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 <font style="margin:0pt;font-weight:bold;font-family:Arial,Helvetica,sans-serif;font-size:12pt;;"> 2.</font>
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 <font style="display:inline;font-family:Cambria;font-weight:bold;">Title</font><font style="display:inline;font-family:Cambria;">: You will continue to serve as President and Chief Executive Officer of Transocean Ltd.</font><font style="display:inline;font-family:Cambria;font-weight:bold;font-style:italic;">&nbsp;<br /></font><font style="display:inline;font-family:Cambria;"><br /></font></p></td></tr></table></div>
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