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EXHIBIT 10.20
AMENDMENT NO. 1 TO
CHANGE OF CONTROL AGREEMENT
THIS AMENDMENT NO. 1 TO CHANGE OF
CONTROL AGREEMENT (the “Amendment”) is dated as of
August [ ], 2007, by and between Hanover Compressor Company (the
“Company”) and [ ] (“Executive”).
RECITALS :
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1. |
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The Company and Executive entered into a Change of Control
Agreement dated as of [July 29, 2005] (the
“Agreement”). |
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2. |
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The Company and Executive wish to amend the Agreement in
certain respects, including to allow the Company and its successor
to benefit from a longer period of transition services provided by
the Executive following the occurrence of an event constituting
Good Reason (as defined in the Agreement) and to remove the
Executive’s obligation to provide the Company with a notice
of termination within 30 days following the occurrence of an
event constituting Good Reason. |
NOW, THEREFORE, the parties agree to
amend the Agreement as follows:
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1. |
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The following shall be substituted for the fi |
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