R E C I T A L S:Deferred Compensation Agreement • July 1st, 1997 • Pennzoil Co /De/ • Petroleum refining
1 EXHIBIT 12 INDEMNIFICATION AGREEMENT This AGREEMENT is made and entered into this 1st day of July, 1997, by and between Pennzoil Company, a Delaware corporation (the "Company"), and [Name of Director] [Name of Executive Officer] (the "Indemnitee")....Indemnification Agreement • July 1st, 1997 • Pennzoil Co /De/ • Petroleum refining • Delaware
2- 3 of the Board of Directors of the Company intends so to terminate Employee's employment, and Employee shall then be given the opportunity, within fifteen days of his receipt of such notice, to have a meeting with the Board of Directors of the...Employee Benefits Agreement • July 1st, 1997 • Pennzoil Co /De/ • Petroleum refining • Texas
2- 3 of the Board of Directors of the Company intends so to terminate Employee's employment, and Employee shall then be given the opportunity, within fifteen days of her receipt of such notice, to have a meeting with the Board of Directors of the...Retirement Benefits Agreement • July 1st, 1997 • Pennzoil Co /De/ • Petroleum refining • Texas
June 30, 1997 Mr. Stephen D. Chesebro' Pennzoil Company 700 Milam 33rd Floor, North Tower Houston, Texas 77002 Dear Mr. Chesebro': You and Pennzoil Company have previously entered into an Employment Agreement dated as of February 10, 1997. The purpose...Employment Agreement • July 1st, 1997 • Pennzoil Co /De/ • Petroleum refining
1 2 Accounting Firm hereunder). All fees and expenses of the Accounting Firm shall be borne solely by the Company. Within 15 business days of the receipt of notice from the Executive that there has been a Payment, or such earlier time as is requested...Tax Protection Agreement • July 1st, 1997 • Pennzoil Co /De/ • Petroleum refining • Texas
