Summary Description of Named Executive Officer Compensation

Contract Categories: Human Resources - Compensation Agreements
EX-10.12 3 ex10_12.htm EXHIBIT 10.12 ex10_12.htm

Exhibit 10.12

Summary Description of
Named Executive Officer Compensation

On December 13, 2010, the Management and Compensation Committee of the Board of Directors of TETRA Technologies, Inc. (the Company) approved increases in annual base salary levels for certain of the Company’s current officers who were identified as named executive officers in the Company’s 2010 proxy statement, to be effective as of January 3, 2011:

Named Executive Officer
Prior Base Salary
Base Salary as of
January 3, 2011
Stuart M. Brightman
President and Chief Executive Officer
Joseph M. Abell
Senior Vice President and Chief Financial Officer
Philip N. Longorio
Senior Vice President
Edwin H. Goldman
Senior Vice President
Bass C. Wallace, Jr.
General Counsel and Corporate Secretary

Each of the named executive officers has entered into an employment agreement in a form substantially identical to the form of agreement executed by all of TETRA’s employees. 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. Each named executive officer is eligible to participate in TETRA’s incentive programs generally available to its salaried employees, 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.