Summary Description of Named Executive Officer Compensation for Compressco Partners GP Inc.
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Summary
This document outlines the salary increases approved for three named executive officers of Compressco Partners GP Inc. by the Management and Compensation Committee of TETRA Technologies, Inc. The officers—Ronald J. Foster, Kevin W. Book, and Larry W. Brickman—received increases in their annual base salaries effective in early 2012. Their employment agreements are at-will and do not guarantee specific terms or compensation, which remain at the discretion of the Board or Committee. The officers are also eligible for standard employee benefits and incentive programs.
EX-10.9 3 ex10_9.htm EXHIBIT 10.9 ex10_9.htm
Exhibit 10.9
Summary Description of
Named Executive Officer Compensation
On December 14, 2011, the Management and Compensation Committee of the Board of Directors of TETRA Technologies, Inc., which is responsible for compensation decisions relating to named executive officers of Compressco Partners GP Inc., approved the following increases in annual base salary levels for certain of the officers who are identified as named executive officers in this Annual Report on Form 10-K:
| Named Executive Officer | Title | Prior Base Salary | Increased Base Salary | Increase Effective Date |
| Ronald J. Foster | President | $250,000 | $275,000 | 1/2/2012 |
| Kevin W. Book | Vice President of International Operations | $200,550 | $205,000 | 1/28/2012 |
| Larry W. Brickman | Vice President of Field Services | $150,000 | $163,000 | 1/2/2012 |
Each of the above named executive officers has entered into an employment agreement in a form substantially identical to the form of agreement executed by all employees of Compressco Partners GP Inc. 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 of Compressco Partners GP Inc. or the Management and Compensation Committee of the Board of Directors of TETRA Technologies, Inc. Each named executive officer is eligible to participate in incentive programs generally available to salaried employees of Compressco Partners GP Inc., 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.
