ex10_13.htm


    
      
         


      

      
         


        
          

        

      

      
         


      

    


    Exhibit
10.13

    


    Summary
Description of

    Named
Executive Officer Compensation

    


    


    On
February 14, 2009, TETRA Technologies, Inc. (the “Company”), with the approval
of its Board of Directors and as part of the Company’s current efforts to reduce
costs and expenses, approved a general wage and salary reduction of 5% to 20% of
base annual compensation rates.  As part of this general wage and
salary reduction, the Management and Compensation Committee of the Board also
approved salary reductions for the Company’s current officers who were
identified as named executive officers in the Company’s 2008 proxy statement as
follows:

    


    
      	
              
                Named
      Executive Officer

              

            	
              
                Title

              

            	
              
                Previous
      Base Salary

              

            	
              
                New
      Base Salary

              

            	
              
                Reduction
      (%)

              

            
	
              Geoffrey M.
      Hertel

            	
              President and
      Chief Executive Officer

            	
              $500,000

            	
              $400,000

            	
               20%

            
	
              Joseph M.
      Abell

            	
              Senior Vice
      President and Chief Financial Officer

            	
              $285,000

            	
              $242,250

            	
               15%

            
	
              Stuart M.
      Brightman

            	
              Executive
      Vice President and Chief Operating Officer

            	
              $410,000

            	
              $348,500

            	
               15%

            
	
              Raymond D.
      Symens

            	
              Senior Vice
      President

            	
              $325,000

            	
              $276,250

            	
               15%

            


    

     

    The salary
reductions became effective as of the pay period beginning on February 14, 2009. The base annual
salaries of the above named officers may be reinstated at the discretion of the
Board.

    


    The Company has
also adopted a claw-back program (the “Claw-back Program”) with regard to the
wage and salary reductions. Under the Claw-back Program, which is subject to the
discretion of the Board, employees of the Company as of December 31, 2009,
including Messrs. Brightman, Abell and Symens, may receive from the Company
between 30% and 100% of the amount their wages and salaries were reduced,
depending on the level of the Company’s long-term debt as of December 31, 2009
and, in certain circumstances, the amount of the Company’s per share earnings in
2009. The interpretation and implementation of the Claw-back Program is solely
within the Board’s discretion.

    


    In
addition to the wage and salary reductions, effective February 14, 2009, the
Company suspended its matching contributions to participants under the Company’s
401(k) Retirement Plan (the “401(k) Plan”). As of December 31, 2008,
approximately 95% of all eligible employees were participating in the 401(k)
Plan, including the executive officers named above.

    


        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 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.