Document:

ex_343274.htm

Exhibit 10.30

 

AMENDMENT ONE TO THE

FRANK’S INTERNATIONAL N.V.

AMENDED AND RESTATED U.S. EXECUTIVE CHANGE-IN-CONTROL 

SEVERANCE PLAN

 

 

RECITALS

 

WHEREAS, Expro Group Holdings N.V (f/k/a Frank’s International N.V.) (the “Company”) previously adopted the Frank’s International N.V. Amended and Restated U.S. Executive Change in Control Severance Plan (the “Plan”) for the benefit of its qualifying employees;

 

WHEREAS, the Company desires to amend the Plan to expand the group of employees eligible to receive benefits to include non-U.S. based executives; and

 

WHEREAS, the Company has the authority to amend the Plan pursuant to Section 7(e) thereof.

 

NOW, THEREFORE, BE IT RESOLVED that effective October 1, 2021,

 

(a)         Section 2(h) of the Plan is hereby amended by revising Subsection (i) in its entirety, to be and read as follows:

 

“‎(i)‎         The individual must be a full-time salaried employee of the Employer who, at the time of selection and through ‎the date a Change in Control occurs, is (A) holding the title of Chief ‎Executive Officer (“CEO”); (B) serving as an executive officer who ‎reports directly to the CEO; (C) serving as any other senior vice president, ‎vice president, or executive vice president of the Employer who does not ‎report directly to the CEO; or (D) serving as any other full-time salaried ‎management employee of the Employer at the time of selection.‎;”

 

           (b)         “Company” as defined in the plan shall refer to “Expro Group Holdings N.V.”

 

************

 

IN WITNESS WHEREOF, the Company has caused the Plan to be executed in its name and on its behalf as of October 1, 2021 by a duly authorized officer.

 

	 	Expro Group Holdings N.V.	 
	 	 	 	 
	 	By:	/s/ Michael D. Jardon	 
	 	 	 	 
	 	Its:	CEO	 
	 	 	 	 

 

1ex_343577.htm

Exhibit 10.31

 

EXPRO GROUP HOLDINGS N.V. 

AMENDED AND RESTATED U.S. EXECUTIVE CHANGE-IN-CONTROL 

SEVERANCE PLAN PARTICIPATION AGREEMENT INCLUDING 

CONFIDENTIALITY AND RESTRICTIVE COVENANT AGREEMENT

 

This Amended and Restated U.S. Executive Change-in-Control Severance Plan Participation Agreement (the “Participation Agreement” or this “Agreement”) is entered into effective as of _______________ (the “Participation Date”), by and between ____________________ (the “Employer”) and you (the “Participant”), pursuant to the Expro Group Holdings N.V. Amended and Restated U.S. Executive Change-in-Control Severance Plan (the “Plan” or the “CIC Severance Plan”).

 

ARTICLE I

PARTICIPATION AGREEMENT

 

1.1    Participant Acceptance. The Participant accepts the designation as a Covered Executive under the Plan and agrees that the terms and conditions of this Agreement and the Plan will govern the Participant’s rights with respect to the severance benefits provided under the Plan (the “Severance Benefits”), notwithstanding any contrary provision in any employment agreement or other severance plan. Participant has read and understands all terms and conditions of the Plan and this Agreement and agrees to comply with all such terms.

 

1.2    Employer Acceptance. The Employer accepts the designation as a participating employer under the Plan and agrees to be bound by all the terms of the Plan that apply to it as an Employer so designated to participate in the Plan. In accordance with, and subject to, the terms and conditions of the Plan, the Employer hereby allows the Participant to participate in the Executive Change-in-Control Severance Plan.

 

1.3    Further Agreements. The Participant and the Employer agree to execute such further instruments and to take such further action as may reasonably be necessary to carry out the intent of this Participation Agreement.

 

1.4    Capitalized Terms. Except as defined in this Participation Agreement (including Exhibit A attached hereto), capitalized terms have the same meanings ascribed to them in the Plan.

 

1.5    Timing of Signing of this Agreement. The terms and conditions of this Participation Agreement as offered must be accepted by the Participant within 30 days of the date this Agreement is signed by the Employer below. Failure to timely accept the terms will result in immediate and irrevocable cancellation of the participation offered.

 

1.6    Outplacement Benefits. If the Participant becomes eligible for Severance Benefits under the Plan, the outplacement assistance benefits described in the Plan shall consist of outplacement assistance provided for the period beginning on the date of termination and ending on the last day of the second calendar year following the date on which the termination of employment occurred, or until subsequent employment is obtained, whichever occurs first, and shall not exceed $15,000 in the aggregate. Such outplacement assistance shall be provided through a vendor selected by the Employer or the Company, with the Employer directly providing payment to such vendor.

 

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ARTICLE II

Confidentiality and Restrictive Covenants attached as Exhibit A

 

2.1    Exhibit A. The Participant and the Employer have agreed to the terms and conditions included in Exhibit A as an express incentive for the Participant and the Employer to enter into the Participation Agreement and for the Employer or any of its affiliates providing the consideration set forth in the Plan and the Participation Agreement and in Exhibit A. Exhibit A is incorporated into this Agreement in full by reference.

 

2.2    Protection of Legitimate Business Interests. Participant’s agreement to Exhibit A is also consideration for the provision of Confidential Information to the Participant by Employer or its affiliates, and is intended to further and reasonably protect the Confidential Information and Company Relationships of Employer or its affiliates which are disclosed or entrusted to the Participant, to protect the business goodwill of the Employer and its affiliates, to protect the business opportunities disclosed or entrusted to the Participant, and to protect the other legitimate business interests of the Employer and its affiliates.

 

2.3    Reasonably Related Restrictions. In executing this Participation Agreement, the Participant expressly acknowledges and agrees that the Participation Agreement aligns the Participant’s interests with the Employer’s and its affiliates’ long-term business interests and creates a further incentive for the Participant to build the Employer’s and its affiliates’ goodwill, and the provisions contained in Exhibit A are reasonably related to the Employer’s and its affiliates’ legitimate interests in protecting their goodwill. The Participant understands that the Employer has hereby promised to provide to the Participant Confidential Information during the Participant’s employment with the Employer, or new Confidential Information following the Participant’s promotion to a new position or following the Participant’s designation of eligibility under the Plan and Participant’s acceptance of this Agreement, as applicable.

 

2.4    Recovery of Payments. If the Committee determines that the Participant has committed a material breach of Exhibit A or any other non-disclosure, non-disparagement, non-competition, or non-solicitation obligation owing to the Employer or its affiliates under any agreement or applicable law, upon notice from the Employer, the Participant shall no longer be eligible to receive any benefits under the Plan and Participant shall repay to the Company the Severance Benefits Participant has already received under the Plan. Such notice shall be provided within the earlier to occur of one year after discovery of the alleged breach or the second anniversary of the Participant’s date of termination.

 

 

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EXPRO GROUP HOLDINGS N.V.

 

By:                                                                   

Name:       

Title:

 

 

 

___________________________ (the “Employer”)

 

By:                                                                   

Name:         

Title:         

 

 

Date:                                                                  

 

PARTICIPANT

 

                                                                                                   Date:                                                    

 

 

Signature Page

 

 

EXHIBIT A

TO EXPRO GROUP AMENDED AND RESTATED U.S. EXECUTIVE CIC

SEVERANCE PLAN PARTICIPATION AGREEMENT

 

 

 

Exhibit A-1ex_343275.htm

Exhibit 10.33

 

AMENDMENT ONE TO THE

FRANK’S INTERNATIONAL N.V.

U.S. EXECUTIVE RETENTION AND SEVERANCE PLAN

 

 

RECITALS

 

WHEREAS, Expro Group Holdings N.V. (f/k/a Frank’s International N.V.) (the “Company”) previously adopted the Frank’s International N.V. U.S. Executive Retention and Severance Plan (the “Plan”) for the benefit of its qualifying employees;

 

WHEREAS, the Company desires to amend the Plan to expand the group of employees eligible to receive benefits to include non-U.S. based executives; and

 

WHEREAS, the Company has the authority to amend the Plan pursuant to Section 7.3 thereof.

 

NOW, THEREFORE, BE IT RESOLVED that effective October 1, 2021,

 

(a)         Section 1.10 of the Plan is hereby amended by revising Subsection (c) in its entirety, to be and read as follows:

 

“(c)         is employed by the Employer as a regular employee of the Employer;”

 

(b)         Section 1.13 of the Plan is hereby amended and restated in its entirety to be and read as follows:

 

“‎1.13‎         ‎“Executive” means a full-time salaried employee of the Employer, who, at the time of selection and through the date of a Qualifying Termination, is ‎‎(A) holding the title of Chief Executive Officer (“CEO”); (B) serving as an executive officer ‎who reports directly to the CEO; (C) serving as any other senior vice president, vice president, or ‎executive vice president of the Employer who does not report directly to the CEO; or (D) serving ‎as any other full-time salaried management employee of the Employer at the time of selection.‎”

 

(c)         Section 1.9 of the Plan is hereby amended and restated in its entirety to be and read as follows:

 

“1.9         “Company” means Expro Group Holdings N.V. and any successor entity that adopts the Plan, or any subsidiary or affiliate of the Company, which is designated by the Administrator as having adopted the Plan.”

 

************

 

IN WITNESS WHEREOF, the Company has caused the Plan to be executed in its name and on its behalf as of October 1, 2021 by a duly authorized officer.

 

 

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	 	Expro Group Holdings N.V.	 
	 	 	 	 
	 	By:	/s/ Michael D. Jardon	 
	 	 	 	 
	 	Its:	CEO	 
	 	 	 	 

 

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