Amendment to Employment Agreement between Superior Well Services, Inc. and Jake Linaberger (April 17, 2009)
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Summary
Superior Well Services, Inc. and Jake Linaberger have agreed to amend Mr. Linaberger's employment contract, reducing his annual base salary by 15% to $306,000. Mr. Linaberger voluntarily accepted this reduction, and both parties agree that this change does not count as a "Change in Terms of Service" under the original employment agreement. The amendment is effective as of April 17, 2009.
EX-10.2 3 l36437aexv10w2.htm EX-10.2 EX-10.2
Exhibit 10.2
![]() | Superior Well Services, Inc.. 1380 RT 286 East Suite #121 Indiana, PA 15701 Telephone ###-###-#### |
April 17, 2009
Mr. Jake Linaberger
1380 Rt. 286 East, Suite 121
Indiana, PA 15701
1380 Rt. 286 East, Suite 121
Indiana, PA 15701
Dear Jake:
This letter is to memorialize our agreement that you have volunteered to reduce your annualized base salary by 15%, to $306,000. This agreement will constitute an amendment to your Employment Agreement which was executed by you on September 15, 2008 (the Employment Agreement). You explicitly acknowledge and agree that the reduction in your base salary has been completely voluntary and will not be considered a Change in Terms of Service, as defined in the Employment Agreement.
Thank you for your continued service to Superior Well Services.
Sincerely, | ||
/s/ Dave Wallace | ||
ACCEPTED AND AGREED: | ||
/s/ Jake Linaberger | ||
April 17, 2009 |