AMENDED AND RESTATED EMPLOYMENT AGREEMENTEmployment Agreement • March 5th, 2021 • Select Energy Services, Inc. • Oil & gas field services, nec
This Amended and Restated Employment Agreement ( “Agreement”), by and between Select Energy Services, LLC, a Delaware limited liability company (the “Company”), and Michael Skarke (“Employee”), is dated and effective as of March 1, 2021 (the “Effective Date”).
March 1, 2021Select Energy Services, Inc. • March 5th, 2021 • Oil & gas field services, nec
This letter memorializes the understanding between you and Select Energy Services, LLC, a Delaware limited liability company (the “Company”) regarding your compensation for your employment as Executive Vice President of the Company beginning March 1, 2021 (the “Effective Date”). As of March 1, 2020 your annualized base salary was reduced from $310,000 (your “2020 Annual Base Salary”) to $279,000, reflecting a 10% temporary reduction in your annualized base salary, and on June 1, 2020, your 2020 Annual Base Salary was reduced by an additional 5% such that your temporarily reduced base salary is $263,500. The Company intends to reevaluate your annualized based salary quarterly.
