A split labyrinth seal assembly having split stationary and rotary sealing elements, and a split clamping mechanism. The clamping mechanism is configured to secure the rotary element to a rotating shaft. The rotary element can also include an integrally formed valve element that moves between a contacting and a non-contacting position in response to rotation of the shaft. The rotary element and the clamping mechanism can have surface features associated therewith to promote nesting between the components.