Halliburton and KBR Master Separation Agreement

 

Finally released! Below is the Master Separation Agreement between KBR and Halliburton from RealDealDocs.com the generous supplier of hundreds of legal documents from confidentiality agreements to employment agreements and much, much more.  

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EXHIBIT 10.1

 

MASTER SEPARATION AGREEMENT

 

BETWEEN

 

HALLIBURTON COMPANY

 

AND

 

KBR, INC.

 

Dated as of November 20, 2006

 

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TABLE OF CONTENTS

 

ARTICLE I DEFINITIONS		1
ARTICLE II SEPARATION AND RELATED TRANSACTIONS		15
2.1	Separation Date; Separation Time	15
2.2	Instruments of Transfer and Assumption	16
2.3	Ancillary Agreements	16
2.4	Performance of Non-Novated Contracts	17
2.5	Other Matters	17
ARTICLE III MUTUAL RELEASES; INDEMNIFICATION		18
3.1	Mutual Release of Pre-IPO Closing Date Claims	18
3.2	Indemnification by KBR	19
3.3	Indemnification by Halliburton	20
3.4	Indemnifications Relating to FCPA Subject Matters	21
3.5	Indemnifications Relating to Barracuda-Caratinga Project	26
3.6	Indemnification Obligations Net of Insurance Proceeds and Other Amounts	28
3.7	Procedures for Indemnification of Third Party Claims	29
3.8	Additional Matters	30
3.9	Remedies Cumulative	31
3.10	Survival of Indemnities	31
3.11	Indemnification of Directors and Officers	31
3.12	Mitigation of Damages	31
ARTICLE IV THE IPO AND ACTIONS PENDING THE IPO		31
4.1	Transactions Prior to the IPO	31
4.2	Use of Proceeds	32
4.3	Cooperation for IPO	32
4.4	Conditions Precedent to Consummation of the IPO	32
ARTICLE V CORPORATE GOVERNANCE AND OTHER MATTERS		34
5.1	Charter and Bylaws	34
5.2	KBR Board Representation	34
5.3	Committees	36
5.4	Subscription Right.	36
5.5	Issuance of Stock	38
5.6	Settlement of KBR Benefit Plan Awards	38
5.7	Applicability of Rights to Parent in the Event of an Acquisition	39
5.8	Transfer of Halliburton’s Rights Under Article V	39
5.9	Restricted Opportunities Under KBR Charter	39
ARTICLE VI SUBSEQUENT TRANSACTION		40
6.1	Sole Discretion of Halliburton	40
6.2	Cooperation for Halliburton Transfers	40

 

 

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6.3	Cooperation for Halliburton Distribution	40
6.4	Registration Rights Agreement	41
ARTICLE VII ARBITRATION; DISPUTE RESOLUTION		41
7.1	Agreement to Arbitrate	41
7.2	Escalation	42
7.3	Demand for Arbitration	42
7.4	Arbitrators	43
7.5	Hearings	43
7.6	Discovery and Certain Other Matters	44
7.7	Certain Additional Matters	45
7.8	Continuity of Service and Performance	45
7.9	Law Governing Arbitration Procedures	45
ARTICLE VIII COVENANTS AND OTHER MATTERS		46
8.1	Other Agreements	46
8.2	Further Instruments	46
8.3	Provision of Corporate Records	46
8.4	Agreement For Exchange of Information	47
8.5	Auditors and Audits; Annual and Quarterly Statements and Accounting	49
8.6	Audit Rights	52
8.7	Preservation of Legal Privileges	52
8.8	Payment of Expenses	53
8.9	Governmental Approvals	53
8.10	Continuance of Halliburton Credit Support	53
8.11	Confidentiality	56
8.12	Receipt of Notices	57
8.13	Non Solicitation of Employees	58
8.14	Halliburton Policies and Procedures	58
8.15	Antitrust Matters	59
8.16	Cooperation for Litigation	60
8.17	Performance Standard	60
ARTICLE IX MISCELLANEOUS		60
9.1	Limitation of Liability	60
9.2	Conflicting Agreements; Entire Agreement	60
9.3	Governing Law	61
9.4	Termination	61
9.5	Notices	61