THIS AGREEEMENT is made on 28th February 2012 BETWEEN:
Exhibit 4.5
THIS AGREEEMENT is made on 28th February 2012
BETWEEN:
| (1) | BP EXPLORATION (ALASKA) INC. a Delaware corporation of ▇▇▇ ▇▇▇▇ ▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇▇. ▇▇▇▇▇▇▇▇▇, ▇▇▇▇▇▇ ▇▇▇▇▇ (the “Company”); and |
| (2) | ▇▇▇▇▇ ▇▇▇▇▇ ▇▇▇▇▇ of ▇ ▇▇. ▇▇▇▇▇’▇ ▇▇▇▇▇▇, ▇▇▇▇▇▇, ▇▇▇▇ ▇▇▇ (the “▇▇ ▇▇▇▇▇”). |
Pursuant to an agreement dated 7th August 2000 (the “Employment Agreement”) the Company has employed ▇▇ ▇▇▇▇▇ as a senior executive of the Company in accordance with the terms and conditions of the Employment Agreement. By an amending agreement dated 22nd February 2010, clause 4.3 of the Employment Agreement was amended to extend the term of employment to the close of BP p.l.c.’s annual general meeting in 2011 and by a further amending agreement on 21st February 2011 the Employment Agreement was amended to extend the term of employment to the close of BP p.l.c.’s annual general meeting in 2012.
As the parties now wish to further extend the term of ▇▇ ▇▇▇▇▇’▇ employment with the Company the PARTIES HEREBY AGREE as follows:
| 1. | That clause 4 of the Employment Agreement be amended by deleting clause 4.3 of the Employment Agreement and replacing it with the following: “This Employment shall in any event terminate automatically at the close of BP p.l.c.’s annual general meeting in 2013.” |
| 2 | The other provisions of the Employment Agreement will remain in full force and effect and nothing in this Agreement is intended to amend any other provisions of the Employment Agreement. |
| 3 | This Agreement is governed by and shall be construed in accordance with the laws of the State of Delaware. |
This Agreement has been executed by the parties hereto and is hereby delivered on the date first above written.
| SIGNED by | ) ▇▇▇▇▇▇ ▇▇▇▇ | |
| For and on behalf of | ) | |
| BP EXPLORATION (ALASKA) INC. | ) | |
| In the presence of: | ) ▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇▇▇ | |
| SIGNED by | ) | |
| ▇▇▇▇▇ ▇▇▇▇▇ ▇▇▇▇▇ | ) ▇▇▇▇▇ ▇▇▇▇▇ | |
| In the presence of: | ) ▇▇▇▇▇ ▇▇▇▇▇▇▇ | |
THIS AGREEMENT is made on 28th February 2012
BETWEEN:
| (1) | BP EXPLORATION (ALASKA) INC. a Delaware corporation of ▇▇▇ ▇▇▇▇ ▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇▇. ▇▇▇▇▇▇▇▇▇, ▇▇▇▇▇▇ ▇▇▇▇▇ (the “Company”); |
| (2) | BP p.l.c. an English registered company of ▇ ▇▇. ▇▇▇▇▇’▇ ▇▇▇▇▇▇, ▇▇▇▇▇▇ ▇▇▇▇ ▇▇▇ (the “Parent”); and |
| (3) | ▇▇▇▇▇ ▇▇▇▇▇ ▇▇▇▇▇ of ▇ ▇▇. ▇▇▇▇▇’▇ ▇▇▇▇▇▇, ▇▇▇▇▇▇, ▇▇▇▇ ▇▇▇ (the “▇▇ ▇▇▇▇▇”). |
Pursuant to an agreement dated 7th August 2000 (the “Secondment Agreement”) the Company agreed to supply to the Parent, assistance by seconding its employee ▇▇. ▇▇▇▇▇ to the Parent in accordance with the terms and conditions of the Second Agreement. By an amending agreement dated 22nd February 2010, clause 7.3 of the Secondment Agreement was amended to extend the term of secondment to the close of the Parent’s annual general meeting in 2011 and by a further amending agreement on 21st February 2011 the term of the secondment was extended to the close of the Parent’s annual general meeting in 2012.
As the parties now wish to further extend the term of the secondment the PARTIES HEREBY AGREE as follows:
| 1. | That clause 7 of the Secondment Agreement be amended by deleting clause 7.3 of the Secondment Agreement and replacing it with the following: “This Agreement shall terminate automatically at the close of Parent’s annual general meeting in 2013.” |
| 2 | The other provisions of the Secondment Agreement will remain in full force and effect and nothing in this Agreement is intended to amend any other provisions of the Secondment Agreement. |
| 3 | This Agreement is governed by and shall be construed in accordance with the laws of England and the parties to this Agreement submit to the exclusive jurisdiction of the English courts. |
This Agreement has been executed by the parties hereto and is hereby delivered on the date first above written.
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| SIGNED by | ) ▇▇▇▇▇▇ ▇▇▇▇ | |
| For and on behalf of | ) | |
| BP EXPLORATION (ALASKA) INC. | ) ▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇▇▇ | |
| In the presence of: | ) | |
| SIGNED by | ) ▇▇▇▇▇▇ ▇▇▇▇▇▇ | |
| For and on behalf of | ) | |
| BP p.l.c. | ) | |
| In the presence of: | ) ▇▇▇ ▇▇▇▇▇ | |
| SIGNED by | ) ▇▇▇▇▇ ▇▇▇▇▇ | |
| ▇▇▇▇▇ ▇▇▇▇▇ ▇▇▇▇▇ | ) | |
| In the presence of: | ) ▇▇▇▇▇ ▇▇▇▇▇▇▇ | |
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