NOV enters new 3-year employment agreements with CEO Williams and three other executive officers

NOV Inc.

Severance = 2x base salary plus 2x percentage (125% for CEO Williams, 80% for others) paid over 12 months.
Stock options continue vesting up to 3 years post-termination; time-based RSUs fully vested.
Health benefits continuation for 24 months; non-compete, non-solicitation, non-disparagement clauses.
Agreements effective Dec 4, 2023 for three-year terms; no changes to existing severance agreements.

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