Document:

exv10w40

 

Exhibit 10.40

October 10, 2006

Mr. Gary M. Wilson

1200, Post Oak Blvd, # 3007

Houston, TX 77056

Dear Mr. Wilson,

Reference is made to your Letter of Employment dated April 9, 2004, as superseded and replaced by
the Letter of Agreement dated July 29, 2005.

This letter shall amend the Letter of Agreement dated 29 July 2005 so as to replace and substitute
paragraph 1 which shall read as follows

	 	1.	 	Schooling and Education Allowance: The Schooling and Educational Allowance
will be British Pounds £24,405 per year for the period May 15, 2006 to May 15, 2011
subject to an annual review of tuition rates at the commencement of each school year. This
allowance shall be grossed up at a rate of 32.5% for tax purposes and shall be reimbursed
in US dollars at the applicable Hanover exchange rate in effect on the date the tuition is
due.

All other terms and conditions of the Letter of Agreement dated July 29, 2005 shall remain in full
force and effect.

Sincerely,

/S/ JOHN JACKSON

John Jackson

Chief Executive Officer

Hanover Compressor Companyexv10w62

 

Exhibit 10.62

FORM

SUPPLEMENTAL AGREEMENT {No. 2/No. 3}

To

EMPLOYMENT {AND NON-COMPETE} AGREEMENT

This Supplemental Agreement {No. 2/No.3} supplements and amends that certain Employment {and
Non-Compete} Agreement entered into the                                         , by and between Texas Eastern Products
Pipeline Company and assumed by EPCO, Inc. (“EPCO”), and                                          (“Executive”), as
amended                                          (as previously amended, the “Agreement”).

In consideration of the mutual covenants contained herein and other good and valuable
consideration, the receipt and sufficiency of which is hereby acknowledged, EPCO and Executive
agree to amend the Agreement as follows:

	 	1.	 	Section 3 of the Agreement is hereby amended by adding the following thereto:
	 
	 	 	 	"(d) If this Agreement has not previously terminated then on June 1, 2008, this Agreement
shall automatically terminate and be of no further force or effect without any action
required by either party.”
	 
	 	2.	 	Section 5 of the Agreement is hereby deleted in its entirety and the following shall
be substituted in lieu thereof:
	 
	 	 	 	“Intentionally Omitted”
	 
	 	3.	 	{ Section 8 of the Agreement is hereby deleted in its entirety and the following
shall be substituted in lieu thereof:
	 
	 	 	 	“Intentionally Omitted”}
	 
	 	4.	 	{Section 9/Section11} of the Agreement is hereby deleted in its entirety and the
following shall be substituted in lieu thereof:
	 
	 	 	 	“Intentionally Omitted”
	 
	 	5.	 	The Agreement is hereby amended by adding the following Section thereto:

1

 

“{Section 18/Section 20}. Current Award and Retention Award.

(a) Payment of Current Award. Within thirty (30) days from the execution of the
Supplemental Agreement {No. 2/No.3} by the last of EPCO and Executive as evidenced by the
dates below their respective signatures, EPCO shall pay to Executive the gross amount of
$                     (less applicable legally required deductions and other deductions elected
by Executive).

(b) Payment of Retention Award. Provided Executive shall have remained as an
employee of EPCO from the Effective Date until June 1, 2008, without interruption, EPCO
shall pay to Executive, on or before July 1, 2008, the gross amount of $                    
(said $                    , less applicable legally required deductions and other deductions
elected by Executive, being hereinafter referred to as the “Retention Award “). In the
event Executive’s employment is terminated by EPCO prior to June 1, 2008 pursuant to
Subsection {8/10}(a) (i), (ii) or (iv) of the Agreement, Subsection 1(a)(1)(iii) or
Subsection 1(a)(2)(iii) of the Supplemental Agreement, then EPCO shall be required to pay
to Executive the entire sum of the Retention Award within sixty (60) days of the date of
the termination of Executive’s employment with EPCO.

(c) COBRA Continuation Coverage Cost. In addition, if Executive is enrolled in
any of EPCO’s Medical or Dental Plan Coverages for Executive and his eligible dependants
as an active employee at the time of such termination and Executive is terminated by EPCO
prior to June 1, 2008 pursuant to Subsection {8/10} (a) (i), (ii) or (iv) of the
Agreement, Subsection 1(a)(1)(iii) or Subsection 1(a)(2)(iii) of the Supplemental
Agreement, then EPCO shall credit Executive with a lump sum in an amount that will
provide an after- tax sum (assuming for this purpose that Executive is in the highest
marginal tax bracket) equal to the current monthly COBRA continuation coverage cost of
Executive’s coverage(s) (including Executive’s eligible dependants) at the time such
amount is credited (including, where applicable, an HMO option, but excluding any
Cafeteria Plan - Medical Spending Account) for thirty-six (36) consecutive months from
the date of EPCO’s said termination of Executive’s employment. EPCO will promptly remit
the income taxes due on such amount directly to the appropriate taxing authority. Should
Executive obtain subsequent employment and become eligible for medical and/or dental
coverages available to employees of the new employer, during such thirty-six (36)
consecutive month period, Executive shall immediately so notify EPCO which shall
immediately terminate Executive’s coverage(s) in its Medical and/or Dental Plans, as
appropriate. Executive shall have no further right to any amounts that otherwise would
have been applied to pay the monthly COBRA continuation coverage cost of medical and/or
continuation coverage as provided hereunder.

(d) Termination or Resignation by Executive. In the event that prior to June 1,
2008: (i) Executive’s termination of employment by EPCO for cause pursuant to Subsection
{8/10} (a)(iii) of this Agreement, or (ii) Executive’s voluntary

2

 

	 	 	 	resignation for any reason from his employment by EPCO, or (iii) Executive’s retirement
from his employment by EPCO, then in any of those events Executive shall not be entitled
to all or any portion of the Retention Award or any amounts applied to pay the monthly
COBRA continuation coverage cost of medical and/or continuation coverage as provided in
Section {18/20} (c) hereof, and Executive shall have no further rights or entitlements
with respect to the Retention Award”.
	 
	 	6.	 	Except as hereby amended by this SUPPLEMENTAL AGREEMENT {No. 2/No. 3}, the EMPLOYMENT
AGREEMENT is hereby ratified and affirmed in all respects.

     IN WITNESS WHEREOF, the persons hereto have executed this SUPPLEMENTAL AGREEMENT {No. 2/No. 3}
effective for all purpose as of January 1, 2007 (“Effective Date”).

EPCO, Inc.

By:                                                             

Title: Thomas M. Zulim

      Senior Vice President – Human Resources

Date:                                         

EXECUTIVE:

                                                                                

Printed Name:                                                             

Date:                                                             

3exv10w63

 

Exhibit 10.63

FORM OF RETENTION AGREEMENT

Because you are an important part of the management and professional team of Texas Eastern Products
Pipeline Company, LLC (“Company”), the general partner of TEPPCO Partners, L.P. (the
“Partnership”), it has been determined that it is in the best interests of the Partnership and its
unit holders to offer you appropriate incentives to continue to focus on the business of the
Partnership during the shared-service integration process between the EPCO, Inc. (“EPCO”) family of
entities and the Company. Only those employees who are selected shall be eligible to participate
in this retention program.

The retention program is implemented through individualized agreements entered into between EPCO
and each participant which becomes effective with respect to a participant immediately upon such
participant and an appropriate officer of EPCO executing same.

This Retention Agreement (“Agreement”) is made and entered into effective                     , 2006,
(“Effective Date”) between EPCO and                      (“Employee”).

WHEREAS, EPCO desires to enter into this Agreement with Employee to provide a method for providing
retention payment to encourage continued high performance and to encourage Employee to remain
employed through the shared-service integration process.

NOW, THEREFORE, in consideration thereof and of the covenants hereafter set forth, the parties
hereby agree as follows:

Provided Employee shall have remained as an active fulltime employee of EPCO from the Effective
Date through December 31, 2007 without interruption, EPCO shall pay to Employee in cash, on or
before January 31, 2008, a gross amount equal to the product of the amount of Employee’s base
annual salary on December 31, 2007 times                     %, less applicable withholding (“Retention Payment”).

In addition, Employee must maintain a satisfactory level of performance during the retention period
to be eligible for the Retention Payment. In the event Employee is involuntarily terminated due to
poor performance, no Retention Payment shall be made to Employee. Employee is not eligible for a
Retention Payment if Employee voluntarily terminates employment, is terminated for ‘cause’ or
retires on or before December 31, 2007.

Employee understands that the terms of this Agreement are confidential and Employee shall not
disclose either the existence of this Agreement nor the terms hereof. Should Employee violate the
confidentiality provisions of this Agreement, Employee shall not be eligible for the Retention
Payment.

EPCO, Inc.

	 	 	 	 	 	 	 	 	 
	By:
	 	 	 	 	 	 	 	 
	Name:

	 	 

	 	 	 	 

Employee:
	 	 
	 

	 	 	 	 	 	 	 	 
	Title:

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00118-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00118-of-00352.parquet"}], [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00118-of-00352.parquet"}]]