Document:

Executive Employment Agreement

 Exhibit 10.29 
 EXECUTIVE EMPLOYMENT AGREEMENT 
 This
Executive Employment Agreement between Heckmann Corporation (“Company”) and J. John Cheng (“Executive”) is made effective on this 12th day of January 2009 (“Agreement”). Company and Executive hereby agree to the employment of Executive by Company on the following terms and conditions: 
  

	1.	Commencement and Term of Agreement 

 Executive’s employment under this Agreement will commence on January 12, 2009, and continue unless earlier terminated pursuant to the provisions of this Agreement. The term of the Agreement shall be extended daily so that the
remainder of the term is one (1) year (the “Term”). The Term may be modified or extended by mutual agreement. 
  

	2.	Positions and Appointments 

 Executive shall serve
as President of Heckmann Corporation, China Division. Executive’s duties shall include, but not be limited to, those typical of the president of an operating division as well as other duties as may be required by the Company from time to time
consistent therewith, or where not, by agreement between the parties hereto, and he shall devote substantially all his business time to the position. Executive shall perform his duties during reasonable business hours from the Company’s offices
in Hong Kong, or the Company’s offices in the People’s Republic of China, or with the Company’s consent, from his home office. Executive may be required to travel occasionally and/or for extended, reasonable periods of time for
business purposes, including to any other office maintained by the Company. 
  

	3.	Base Salary 

 Company will pay Executive a base
salary in cash of US$175,000 per annum from which tax and other withholdings will be deducted, paid in equal bi-monthly installments. Executive’s base salary may be changed by mutual agreement at any time during the Term. 
  

	4.	Bonus and Equity Incentive Holdings 

  

	4.1	Executive shall receive a guaranteed bonus equal to 30% of base salary, payable by Company on an annual basis, from which tax and other withholdings will be deducted.

  

	4.2	Executive shall also receive a discretionary bonus equal to 30% of base salary, payable by Company on an annual basis, from which tax and other withholdings will be deducted. This
separate discretionary bonus shall be based on Executive’s individual contribution and the performance metrics determined and recommended by the Chief Executive Officer and approved by the Compensation Committee of the Board of Directors of the
Company. 

  

	4.3	Executive shall receive a grant of 125,000 restricted shares of Company stock, of which one-third shall vest on the first business day following the Company’s 2009 annual
meeting of stockholders, one-third shall vest on April 15, 2010, and one-third shall vest on April 15, 2011. Issuance of the restricted shares is subject to obtaining stockholder approval of such grant as required by the rules of the New
York Stock Exchange. The Company’s restricted stock plan shall be approved at the Company’s 2009 Annual Meeting of Stockholders. 

  

	4.4	Executive shall be eligible to receive an executive level grant of stock options pursuant to the terms and conditions of the Company’s 2009 Equity Incentive Plan. The
Company’s 2009 Equity Incentive Plan shall be approved at the Company’s 2009 Annual Meeting of Stockholders. 

  

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	5.	Expenses 

 Company shall reimburse Executive in
respect of all reasonable travelling, accommodation, marketing, entertainment, and other similar out-of-pocket business expenses necessarily incurred by Executive in the performance of his duties, provided that any expense reimbursement claims are
supported by relevant documentation and are made in accordance with Company’s expenses policies. For all business-related travel, Executive will be entitled to reimbursement pursuant to the Company’s travel policies. Separate from
reimbursed business travel by Executive in the performance of his duties, each year the Company shall reimburse Executive for three (3) round-trip coach class air fare tickets between the United States and China. Company shall reimburse
Executive the sum of USD$4,000 per month during any Term of this Agreement, it being understood and agreed that the stipend shall not exceed USD$48,000 per annum. 
  

	6.	Benefits and Vacation 

 Executive shall be entitled
to participate in, and receive benefits as permitted by applicable law under, any pension benefit plan, welfare benefit plan (including, without limitation, health insurance), vacation benefit plan including 15 paid vacation days per annum, or other
executive benefit plan made available by Company to its senior executives. Any such plan or benefit arrangement may be amended, modified, or terminated by Company from time to time with or without notice to Executive. 
  

	7.	Termination of Employment 

  

	7.1	By Executive. 

 Executive may seek to terminate his
employment by choice without any “Good Reason” by giving the Company three (3) months of notice in writing. If so, he receives only the base salary, pro rata bonus, and pro rata lapse of all restrictions on stock and vesting of equity
grants applicable through his final day of service. 
 Executive may seek to terminate his employment with “Good Reason” by giving
to Company thirty (30) days notice in writing, and Company shall have thirty (30) days after said notice to cure the problem. If uncured, Executive receives the amount of compensation reached by mutual agreement paid in a lump-sum, but no
less than an amount equal to his most recent twelve (12) months’ base salary, bonus, and pro rata vested stock. Executive shall also remain covered by the Company’s health benefits plan for twelve (12) months. 
 “Good Reason” shall mean: (a) a material reduction or addition in Executive’s authority, duties, and executive responsibilities with
the Company, or (b) a material reduction or addition in Executive’s authority, duties, and executive responsibilities combined with a “Change of Control” (as defined below), or (c) a change in direct reporting to anyone
other than the Chief Executive Officer, or (d) a material breach of this Agreement. 
  

	7.2	By Company. 

 Company may seek to terminate
Executive’s employment by choice without “Cause” by giving Executive not less than thirty (30) days notice in writing. If so, Executive receives the amount of compensation reached by mutual agreement paid in a lump-sum, but no
less than an amount equal to his most recent three (3) months’ salary, bonus, and the lapse of all restrictions on stock and vesting of all equity grants. Executive shall also remain covered by the Company’s health benefits plan for
three (3) months. 
  

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 Company may seek to terminate Executive’s employment with “Cause” by giving Executive no
less than thirty (30) days notice in writing, as well as providing Executive thirty (30) days to cure the problem. If uncured, Executive receives the salary, bonus, and pro rata vested stock applicable through his final date of service.
“Cause” shall be deemed to exist if Executive shall at any time: (a) commit a material breach of this Agreement, or (b) be guilty of gross negligence in connection with or affecting the business or affairs of the Company, or
(c) be guilty of insubordination, or (d) convicted of, or plead no contest to, a felony criminal offense. 
  

	7.3	Death and Disability. 

 Executive’s employment
will automatically terminate upon his death. Further, Company reserves the right to terminate Executive’s employment at any time during which Executive has a “Disability.” 
 For purposes of this Agreement, a “Disability” means a physical or mental impairment that prevents Executive from performing the essential
duties of his position, with or without reasonable accommodation, for (i) a period of sixty (60) consecutive calendar days, or (ii) an aggregate of ninety (90) work days in any six (6) month period. A determination that
Executive has incurred a Disability will be made by Company, in its sole discretion, but in consultation with a physician selected by Company and who works in Palm Desert, California, provided that such selected physician consults with
Executive’s physician in addition to any examination of Executive and/or other tests on Executive that such selected physician performs or orders to be performed, and Executive hereby agrees to submit to any such examinations and/or other tests
from time to time. Notwithstanding the foregoing, any termination of employment due to a “Disability” will be made in accordance with applicable local laws. 
 In the event of a termination of Executive’s employment due to death or Disability prior to full performance and receipt and exchange of all deliveries under this Agreement, Company will deliver to Executive or
his estate, as applicable, all unvested restricted stock, all stock options under the 2009 Equity Incentive Plan, and a lump-sum payment equal to his most recent twelve months’ salary and bonus. 
  

	8.	Change of Control 

 In the event that the
Executive’s employment with Company is terminated by (i) Company without Cause or by the Executive with Good Reason, in either case within one year following a “Change of Control” (as defined below) or (ii) by Company
without Cause within six months prior to a “Change of Control” and such termination was in connection with the “Change of Control” then in lieu of any payments or benefits under clauses 7.1 or 7.2, as applicable, the Executive
shall be entitled to receive the following payments and benefits: 
  

	 	(a)	within thirty (30) days, or other mutually agreed date, a payment equal to two (2) times the Executive’s annual base salary as in effect as the time of termination or
immediately prior to the occurrence of the Change of Control; and 

  

	 	(b)	within thirty (30) days, or other mutually agreed date, a payment equal to two (2) times the Executive’s bonuses under clauses 4.1. and 4.2 for the year immediately
preceding the year in which the Change of Control occurs; and 

  

	 	(c)	two (2) years of continued coverage under the Company’s (or its successor’s) health insurance plan at the same rates and under the same terms and conditions that are
applicable to senior Executives of Company or its successor; and 

  

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	 	(d)	immediate lapse of restrictions and immediate vesting respecting any restricted stock and outstanding equity incentive awards made to the Executive under clauses 4.3 and 4.4.

 For purposes of this Agreement, “Change of Control” means the earliest to occur of the following events:

  

	 	(i)	the acquisition or ownership by any individual, entity, or group (within the meaning of Section 13(d)(3) or 14(d)(2) of the Securities Exchange Act of 1934, and any successor
statute, as it may be amended from time to time (the “Exchange Act”)) (each, a “Person”) of beneficial ownership (within the meaning of Rule 13d-3 promulgated under the Exchange Act) of more than 50% the combined voting
power of the outstanding voting securities of Company entitled to vote generally in the election of directors (“Outstanding Voting Securities”) ; or 

  

	 	(ii)	individuals who, as of the commencement of the Executive’s employment with Company, constitute the Board of Directors of Company (the “Incumbent Board”) cease for any
reason to constitute at least a majority of the Board of Directors of Company; or 

  

	 	(iii)	consummation of a reorganization, merger or consolidation, or sale or other disposition of all or substantially all of the assets of Company(a “Corporate Transaction”): or

  

	 	(iv)	approval by the stockholders of Company of a complete liquidation or dissolution of Company. 

  

	9.	Confidential Information 

  

	9.1	Executive acknowledges that, during the course of his employment with Company, he will have access to confidential business information and secrets. Executive agrees, both during
the term of his employment and following its termination, that he will hold the confidential business information and secrets in the strictest confidence, and that he will not use or attempt to use or disclose any confidential information or
business secrets any other person or entity without the prior written authorization of Company. 

  

	9.2	The restrictions of clause 9.1 do not apply to any Confidential Information that (a) has entered into the public domain other than by a breach of this Agreement or other
obligation of confidentiality of which Executive is aware, or (b) solely to the extent and for the duration required, is required to be disclosed under a validly-issued court order, pursuant to a request by government regulators, and which
disclosure Company is unable legally to prevent. 

  

	10.	Further Obligations of Executive 

  

			
	 10.1
	  	Executive shall comply with all applicable rules of law, securities laws, regulations, and codes of conduct of Company in effect from time to time in relation to dealings in shares, notes,
debentures, or other securities.
		
	 10.2
	  	Executive represents that his employment with Company does not violate any prior agreement with a former employer or third party.

  

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	11.	Miscellaneous 

  

					
	 11.1
	  	This Agreement constitutes the entire agreement and understanding between Company and Executive and supersedes any other agreements, whether oral or written, with respect to the
subject matter of this Agreement. This Agreement may only be modified or amended by a further agreement in writing signed by the parties hereto.
		
	 11.2
	  	This Agreement is governed by and shall be construed in accordance with the laws of the Hong Kong Special Administrative Region of the People’s Republic of China and the State
of California, insofar as those laws can be harmonized to realize the intent of the parties hereto, and without giving effect to conflict of law principles.
		
	 11.3
	  	 In the event the parties are unable to settle a dispute respecting this Agreement such dispute shall be
 referred to and finally settled by arbitration at Hong Kong International Arbitration Centre in accordance
 with its commercial and employment Arbitration Rules then in effect, administered by a singleexperienced
 arbitrator selected
by mutual agreement. The parties may offer any relevant materials in discovery under
 volume and timescale guidelines set by the arbitrator, and may offer
legal briefing and relevant precedent
 respecting the agreed up choice of law immediately above.

		
	 11.4
	  	This Agreement may be executed in several counterparts, each of which shall be deemed to be an original, and all such counterparts when taken together shall constitute one and the
same original.
		
	 11.5
	  	Except to the extent that applicable law requires that any specific action be taken or performed by Company’s Compensation Committee, or to the extent otherwise provided in this
Agreement, any action to be taken or performed, or direction to be provided, by Company under this Agreement may be taken, performed, or provided at the direction of Company’s Chief Executive Officer.
		
	 11.6
	  	Any waiver by Company of any provision, or any breach of any provision, of this Agreement shall not operate or be construed as a waiver of any subsequent breach of such provision or
any other provision herein.
		
	 11.7
	  	Due to the personal nature of the services contemplated under this Agreement, this Agreement and Executive’s rights and obligations hereunder may not be assigned by Executive.
Company may assign its rights, together with its obligations hereunder, in connection with any sale, transfer, or other disposition of all or substantially all of its business and/or assets, provided that any such assignee of Company agrees to be
bound by the provisions of this Agreement.

  

									
	Company	 		 		 	
				
	By:	 	/s/ Richard J. Heckmann	 		 	Date: January 12, 2009
		 	Name: Richard J. Heckmann	 		 		 	
		 	Title: Chairman of the Board & CEO	 		 		 	
				
	Executive	 		 		 	
				
	/s/ J. John Cheng	 		 		 	Date: January 12, 2009
	J. John Cheng	 		 		 	

  

 52008 Class 2 Regular Employee Stock Purchase Plan

 Exhibit 4.3 
 Schedule D 
 PCL EMPLOYEES HOLDINGS LTD. 
 REGULAR EMPLOYEE STOCK PURCHASE PLAN 
 CLASS 2 SERIES ‘08 COMMON
NON-VOTING SHARES 
 1. Establishment of Plan. PCL Employees Holdings Ltd. (the “Company”), proposes to sell shares of
its Class 2 Series ‘08 Common Non-Voting Shares (the “Plan Shares”) to Eligible Employees (as defined below) pursuant to this Employee Stock Purchase Plan (the “Plan”). 
 2. Purpose; Nature of Plan. 
 (a) The
purpose of this Plan is to provide Eligible Employees with a means of acquiring an equity interest in the Company. Because the Company’s shares are not publicly traded and are generally nontransferable except to the Company, Eligible Employees
do not have an opportunity to acquire an equity interest in the Company except by purchasing directly from the Company. The Company, by means of the Plan, seeks to enhance the Eligible Employees’ sense of participation in the affairs of the
Company and its subsidiaries, and to provide an incentive for such Eligible Employees to exert maximum efforts for the success of the Company. 
 (b) It is the Company’s practice to determine annually the number, if any, and type of equity interests to be offered to Salaried Employees (as defined below) in that year and to adopt one or more employee stock purchase plans pursuant
to which such equity interests will be offered in that year. Those plans generally are of two types: (i) “Universal Plans” under which shares are offered to certain specified Salaried Employees, up to a specified aggregate maximum
number of shares, and (ii) “Regular Plans” under which shares are offered to certain Salaried Employees approved by the Chief Executive Officer of the Company (the “CEO”), the number and class of shares being offered to each
such employee being determined by the CEO, based on criteria determined by the board of directors of the Company (the “Board”), including position, performance and existing share ownership. This Plan is a Regular Plan. References in this
Plan to “Universal Plans” mean all Universal Plans heretofore or hereafter adopted by the Company and references to “Regular Plans” mean this Plan and all other Regular Plans heretofore or hereafter adopted by the Company. The
shares of stock offered each year are identified by a Series designation that indicates the year of issuance and a Class designation that indicates whether such shares are voting or nonvoting and whether such shares were offered in Canada or the
United States. The Class designations are as follows: 
  

							
		 	Class 1	  	Non-Voting/U.S.	  	
		 	Class 2	  	Non-Voting/Canada	  	
		 	Class 3	  	Voting/U.S.	  	
		 	Class 4	  	Voting/Canada	  	

 References in this Plan to “Common Shares” includes all of the Company’s common shares of all
Series and Classes heretofore or hereafter authorized or issued. 

 3. Shares Available for Issuance. A total of 3,000,000 Plan Shares are available for issuance
under this Plan. Such number shall be subject to adjustment upon the occurrence of certain events described in Section 10 of this Plan. 
 4. Administration. This Plan shall be administered as directed by the Board, unless and until the Board delegates administration of the Plan to a committee appointed by the Board. As used in this Plan, references to the
“Board” shall include any such committee, if such a committee has been established. Subject to the provisions of this Plan, all questions of interpretation or application of this Plan shall be determined by the Board and its decisions
shall be final and binding upon all participants. All expenses incurred in connection with the administration of the Plan shall be paid by the Company. 
 5. Eligibility; Participation in the Plan. 
 (a) Definitions 
 i. “Eligible Employee” means a Salaried Employee who has been designated by the CEO, in the CEO’s discretion, as eligible to participate
in the Plan. 
 ii. “Salaried Employee” means an employee of the Company or any of its subsidiaries, other than a student, who is
paid a salary and not a wage based on an hourly or other periodic basis. 
 (b) The Company shall offer Eligible Employees the opportunity to
purchase Plan Shares under this Plan on one occasion or more during 2008. The number and class of shares to be offered to each Eligible Employee shall be approved by the CEO, in the CEO’s discretion, having regard to criteria determined by the
Board from time to time, including position, performance and existing share ownership. The Company shall establish such forms and procedures as it deems appropriate for making that offer and for the acceptance of that offer by Eligible Employees who
elect to purchase. The CEO shall have the authority, in his sole discretion, to modify or waive compliance by any Eligible Employee with any such procedures. 
 6. Purchase Price. The purchase price per share at which shares of Common Stock will be sold pursuant to this Plan shall be determined by the Board in accordance with Section XI of the PCL Employees Holdings
Ltd. Unanimous Shareholder Agreement, as amended from time to time (the “Shareholder Agreement”). 
 7. Payment of Purchase
Price; Issuance of Shares. 
 (a) The purchase price for shares purchased under the Plan shall be paid on the purchase date by check drawn
on a Canadian financial institution or by bank draft, in each case, payable to the Company in Canadian funds. The CEO shall have the authority, in his sole discretion, to modify the means of payment of the purchase price (but not the amount of the
purchase price or the timing of its payment) by any Eligible Employee. 
 (b) As promptly as practicable after the purchase date, the Company
shall issue Plan Shares for the participant’s benefit representing the shares purchased. 
  

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 8. Use of Proceeds. Proceeds from the sale of shares of Common Stock pursuant to this Plan shall
constitute general funds of the Company. 
 9. Termination of Employment. If a participant’s employment by the Company or any of
its subsidiaries is terminated for any reason, including disability or death, prior to the actual issuance of a certificate for any shares, such participant’s rights to purchase Plan Shares shall immediately terminate and any funds received by
the Company for the purchase of the shares shall promptly be returned to the participant (or to his or her estate). For purposes of this Section 9, employment of a participant by the Company or any of its subsidiaries will not be deemed to have
terminated in the event of (a) a transfer from the Company to any subsidiary of the Company or from any subsidiary of the Company to the Company or any other subsidiary, or (b) sick leave, military leave, or any other leave of absence
approved by the Board. 
 10. Capital Changes. The number of Plan Shares which have been authorized for issuance under this Plan but
have not yet been issued and the purchase price per share shall be proportionately adjusted for any stock split, stock dividend (but only in the form of Common Shares), recapitalization, combination or any other increase or decrease in the number of
issued and outstanding Common Shares affected without receipt of any consideration by the Company. Such adjustment shall be made by the Board, whose determination shall be final, binding and conclusive. 
 11. Nonassignability. No rights to purchase or receive Common Shares under this Plan may be assigned, transferred, pledged or otherwise disposed
of in any way by the participant. Any attempt to assign, transfer, pledge or otherwise dispose of such rights shall be void and without effect. 
 12. Shareholder Agreement; Restriction on Transfer. No participant may purchase shares under this Plan unless and until such participant has signed the Shareholder Agreement and agreed to be bound by the terms and conditions thereof.
The shares purchased pursuant to this Plan are subject to the restrictions on transfer and ownership and the repurchase rights of the Company set forth in the Shareholder Agreement. Shares may not be transferred except in compliance with all
applicable laws, including, without limitation, Canadian and United States securities laws. In addition to any legend required by the Shareholder Agreement, all certificates evidencing shares issued to employees shall bear any legends which, in the
Board’s judgment, are necessary to comply with applicable securities laws. 
 13. Reports. Within a reasonable time after the end
of each fiscal year, the Company shall prepare and distribute a year-end report to its shareholders, which report shall include consolidated financial statements of the Company and its subsidiaries for the fiscal year. 
 14. Limitation of Rights. Neither this Plan nor the grant of the right to purchase shares hereunder shall confer any right on any employee to
remain in the employ of the Company or any subsidiary of the Company, or restrict the right of the Company or any of its subsidiaries to terminate such employee’s employment. In addition, no participant shall have any rights as a shareholder of
the Company with respect to any Plan Shares awarded to the participant under this Plan until the date shares have been issued to the participant. 
  

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 15. Notices. All notices or other communications by a participant under or in connection with the
Plan shall be given as provided in the Shareholder Agreement. 
 16. Term; Shareholder Approval. This Plan shall become effective on
the date on which it is adopted by the Board. This Plan shall be approved by the shareholders of the Company, in any manner permitted by applicable corporate law, within 12 months after the date this Plan is adopted by the Board. This Plan shall
continue until the first to occur of (a) termination of this Plan by the Board (which termination may be effected by the Board at any time) or (b) the end of the Company’s 2008 fiscal year. 
 17. Applicable Law. The Plan shall be governed by the substantive laws (excluding the conflict of laws rules) of the Province of Alberta, Canada.

 18. Amendments or Termination of this Plan. The Board may, at any time, amend, terminate or extend the term of this Plan, except no
amendment may be made without approval of the shareholders of the Company before or within 12 months after the adoption of such amendment if such amendment would: (a) increase the number of shares that may be issued under this Plan, or
(b) extend the term of this Plan. 
  

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