October 15, 2010Letter Agreement • October 18th, 2010 • Newpark Resources Inc • Oil & gas field machinery & equipment • Delaware
This letter (the “Agreement”) sets forth the understanding between you and Newpark concerning the continuation of your employment in connection with a “Change in Control” or “Potential Change in Control” and the “Termination Benefit” you will receive if your employment with Newpark is “Terminated” by Newpark without “Cause” or by you for “Good Reason” during an “Employment Period,” as those terms are defined in Annex A attached to this letter.
EMPLOYMENT AGREEMENTAncillary Agreement • October 18th, 2010 • Newpark Resources Inc • Oil & gas field machinery & equipment • Texas
THIS AGREEMENT dated October 15, 2010 is entered into by Newpark Resources, Inc. (the “Company ”), a Delaware corporation, and Jeffery Lynn Juergens (the “Executive ”) and is intended to incorporate and accurately reflect all prior negotiations, discussions, or agreements between the parties.
