EX-10 4 exhibit10_13.htm EXHIBIT 10.13 Exhibit 10.13

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Exhibit 10.13

Summary Description of

Named Executive Officer Compensation

The current annual salaries of the named executive officers of TETRA
Technologies, Inc. (TETRA) have been established by the Management and
Compensation Committee (the Committee) of the Board of Directors follows:
Geoffrey M. Hertel ($500,000); Stuart M. Brightman ($350,000); Joseph M. Abell
($250,000); Gary C. Hanna ($190,000); and Raymond D. Symens ($300,000).

In addition to the foregoing and pursuant to the terms of his previously
disclosed letter agreement, Mr. Hanna is entitled to receive a quarterly
incentive compensation payment, not to exceed $65,000, based upon a percentage
of the net production revenues at TETRA’s subsidiary, Maritech Resources, Inc.
from sales of its oil and gas during such quarter, net of applicable royalties,
production taxes and a base amount.

Each of the named executive officers has entered into an employment agreement in
a form substantially identical to the form of agreement executed by all of
TETRA’s employees. Each agreement evidences the at-will nature of employment and
does not set forth or guarantee the term of employment, salary or other
incentives, all of which are entirely at the discretion of the Board of
Directors. Each named executive officer is eligible to participate in TETRA’s
incentive programs generally available to its executive officers and TETRA’s
broad based benefit programs generally available to its salaried employees,
including health, life, disability and other insurance and benefits, 401(k)
Plan, Nonqualified Deferred Compensation Plan, and vacation, paid sick leave and
other employee benefits.

 

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