Common use of Salary and Insurance Clause in Contracts

Salary and Insurance. For all services rendered by Employee under this Agreement, Employer shall pay to Employee a salary at the rate of $90,000 per year, payable in accordance with Employer's customary practices for senior employees in arrears, less withholding required by law and other deductions agreed to by Employee, so long as this Agreement shall be in effect (the "Salary"). Such Salary may, by appropriate Employer Board of Director action, be increased from time to time, and such increased Salary shall be incorporated into this Agreement by referencing such increased Salary on the attached Exhibit A. Employee shall also be included, on a basis comparable with the other executive employees of UTI Energy Corp. ("UTI") and its Subsidiaries, in any life, health or disability insurance plans and policies, and shall be entitled to such other benefits if and to the extent generally made available from time to time to senior executives of Employer, including paid vacations, paid sick leave, holiday pay and the use of an automobile; provided, however, that such other benefits shall not include the right to participate in any stock option plan, restricted stock plan or other form of employee incentive plan sponsored by UTI, Employer or its Subsidiaries and affiliates unless the plan sponsor specifically grants to Employee the right to participate in any of such plans. Employer shall also provide Employee with office and secretarial facilities appropriate for and customarily used in the performance of such duties and responsibilities as are from time to time assigned to him pursuant to this Agreement, and Employee shall be reimbursed for all travel, business and entertainment related expenses from time to time incurred by him on behalf of

Salary and Insurance. For all services rendered by Employee under this Agreement, Employer shall pay to Employee a salary at the rate of $90,000 90,350 per year, payable in accordance with Employer's customary practices for senior employees in arrears, less withholding required by law and other deductions agreed to by Employee, so long as this Agreement shall be in effect (the "Salary"). Such Salary may, by appropriate Employer Board of Director action, be increased from time to time, and such increased Salary shall be incorporated into this Agreement by referencing such increased Salary on the attached Exhibit A. Employee shall also be included, on a basis comparable with the other executive employees of UTI Energy Corp. ("UTI") and its Subsidiaries, in any life, health or disability insurance plans and policies, and shall be entitled to such other benefits if and to the extent generally made available from time to time to senior executives of Employer, including paid vacations, paid sick leave, holiday pay and the use of an automobile; provided, however, that such other benefits shall not include the right to participate in any stock option plan, restricted stock plan or other form of employee incentive plan sponsored by UTI, Employer or its Subsidiaries and affiliates unless the plan sponsor specifically grants to Employee the right to participate in any of such plans. Employer shall also provide Employee with office and secretarial facilities appropriate for and customarily used in the performance of such duties and responsibilities as are from time to time assigned to him pursuant to this Agreement, and Employee shall be reimbursed for all travel, business and entertainment related expenses from time to time incurred by him on behalf of

Salary and Insurance. For all services rendered by Employee under this Agreement, Employer shall pay to Employee a salary at the rate of $90,000 144,950 per year, payable in accordance with Employer's customary practices for senior employees in arrears, less withholding required by law and other deductions agreed to by Employee, so long as this Agreement shall be in effect (the "Salary"). Such Salary may, by appropriate Employer Board of Director action, be increased from time to time, and such increased Salary shall be incorporated into this Agreement by referencing such increased Salary on the attached Exhibit A. Employee shall also be included, on a basis comparable with the other executive employees of UTI Energy Corp. ("UTI") and its Subsidiaries, in any life, health or disability insurance plans and policies, and shall be entitled to such other benefits if and to the extent generally made available from time to time to senior executives of Employer, including paid vacations, paid sick leave, holiday pay and the use of an automobile; provided, however, that such other benefits shall not include the right to participate in any stock option plan, restricted stock plan or other form of employee incentive plan sponsored by UTI, Employer or its Subsidiaries and affiliates unless the plan sponsor specifically grants to Employee the right to participate in any of such plans. Employer shall also provide Employee with office and secretarial facilities appropriate for and customarily used in the performance of such duties and responsibilities as are from time to time assigned to him pursuant to this Agreement, and Employee shall be reimbursed for all travel, business and entertainment related expenses from time to time incurred by him on behalf of