Exhibit 10.78 SEPARATION AGREEMENT This agreement ("Agreement") is made among Charles D. Erwin, an individual residing in Houston, Texas ("Erwin"), Hanover Compressor Company, a Delaware corporation ("HCC"), and Hanover Compression Limited Partnership...Separation Agreement • August 14th, 2002 • Hanover Compressor Co / • Services-equipment rental & leasing, nec • Hanover
Exhibit 10.76 July 30 2002 Hanover Compressor Company 12001 North Houston Rosslyn Houston, Texas 77086 Attn: Board of Directors Gentlemen: This letter agreement sets forth my agreement to assign and transfer the Shares (as hereafter defined) from me...Hanover Compressor Co / • August 14th, 2002 • Services-equipment rental & leasing, nec
This letter agreement sets forth my agreement to assign and transfer the Shares (as hereafter defined) from me to Hanover Compressor Company (the "Company") effective the date hereof. In consideration of a payment by the Company of $1,320,000 (the "Funds") to me and for other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, I hereby transfer, convey and assign to the Company 147,322 shares of common stock, no par value, of the Company (the "Shares"), which amount was derived by dividing $1,320,000 by $8.96, which was the closing price of the Company's common stock quoted on the New York Stock Exchange Composite Tape on July 29, 2002 (the "Shares"). In connection with the transfer of the Shares, I represent and warrant to the Company that I am the record and beneficial owner of, and have good and marketable title to the Shares. I represent and warrant to the Company that the Shares are free and clear of any liens (including judgment and mech
