July 2, 2019
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EXHIBIT 10.4
July 2, 2019
Dear Xx. Xxxxxxxx:
This letter, when countersigned, will serve as the agreement (“Letter Agreement”) between Xxxxx Xxxxxxxx (“Xx. Xxxxxxxx”) and Newpark Resources, Inc. (“Newpark”) with respect to the matters herein described.
1. | Newpark has offered and Xx. Xxxxxxxx has accepted the position of President, Fluids Systems and Vice President, Newpark Resources, Inc. |
2. | Xx. Xxxxxxxx is a citizen of the United Kingdom and will require a visa for authorization to work in the United States. Newpark will assist Xx. Xxxxxxxx in securing the proper visa for work authorization in the United States. |
3. | On July 2, 2019, Xx. Xxxxxxxx and Newpark Drilling Fluids S.p.A. (“NDF S.p.A.”) entered into a certain fixed-term Employment Contract (the “Italian Agreement”) whereby Xx. Xxxxxxxx’x primary work location will be at the NDF S.p.A. office in Rome, Italy at Xxx Xxxxxxx 0000/X. |
4. | The parties agree that, provided that Xx. Xxxxxxxx’x visa application to work in the United States is approved and he receives authorization to work in the United States, the parties will mutually terminate the Italian Agreement and he will simultaneously enter into an Employment Agreement with Newpark substantially in the form of the exhibit enclosed in this letter. |
5. | The parties agree that this Letter Agreement does not constitute a contract for employment. |
6. | This Letter Agreement, together with any and all the ancillary agreements, are entered into and performable in Xxxxxxxxxx County, Texas, and the rights and obligations of the parties shall be governed by and construed according to the laws of the State of Texas, without regard to choice-of-law rules of any jurisdiction. The parties agree that any actions brought to enforce any terms of the Letter Agreement shall properly be brought in the state courts of Xxxxxxxxxx County, Texas. |
If the agreement meets with your approval, please sign below and return to me.
Sincerely, | |
/s/ X. Xxxxxxx Xxxxx | |
X. Xxxxxxx Xxxxx | |
Vice President, General Counsel, Chief Administrative Officer, Chief Compliance Officer and Corporate Secretary | |
AGREED and ACCEPTED | |
this 2nd day of July, 2019: | |
By: /s/ Xxxxx Xxxxxxxx | |
Xxxxx Xxxxxxxx | |
Newpark Resources, Inc. 9320 Lakeside Boulevard, Suite 100, The Woodlands, Texas 00000 (000) 000-0000 FAX (000) 000-0000
