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Exhibit
10.13
Summary
Description of
Named Executive
Officer Compensation
On February
14, 2009, TETRA Technologies, Inc. (the “Company”),
with the approval of its Board of Directors and as part of the
Company’s current efforts to reduce costs and expenses,
approved a general wage and salary reduction of 5% to 20% of base
annual compensation rates. As part of this general wage
and salary reduction, the Management and Compensation Committee of
the Board also approved salary reductions for the Company’s
current officers who were identified as named executive officers in
the Company’s 2008 proxy statement as follows:
|
|
|
|
|
|
|
Geoffrey M.
Hertel
|
President and
Chief Executive Officer
|
$500,000
|
$400,000
|
20%
|
|
Joseph M.
Abell
|
Senior Vice
President and Chief Financial Officer
|
$285,000
|
$242,250
|
15%
|
|
Stuart M.
Brightman
|
Executive Vice
President and Chief Operating Officer
|
$410,000
|
$348,500
|
15%
|
|
Raymond D.
Symens
|
Senior Vice
President
|
$325,000
|
$276,250
|
15%
|
The salary
reductions became effective as of the pay period beginning on
February 14 , 2009. The base annual salaries of the above
nam
|
