EX-10.40
from 10-K
2 pages
October 10, 2006 Mr. Gary M. Wilson 1200, Post Oak Blvd, # 3007 Houston, Tx 77056 Dear Mr. Wilson, Reference Is Made to Your Letter of Employment Dated April 9, 2004, as Superseded and Replaced by the Letter of Agreement Dated July 29, 2005. This Letter Shall Amend the Letter of Agreement Dated 29 July 2005 So as to Replace and Substitute Paragraph 1 Which Shall Read as Follows
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EX-10.39
from 10-K
2 pages
1. Schooling and Education Allowance: The Schooling and Educational Allowance Will Be $50,000 Per Year for the Period May 15 2004 to May 15 2006 and Shall Be $25,000 Per Year for the Period May 15 2006 to May 15 2008 Subject to an Annual Review of Tuition Rates at the Commencement of Each School Year. This Allowance Shall Be Grossed Up at a Rate of 32.5% for Tax Purposes. 2. Travel Allowance: The Travel Allowance Will Be Calculated on the Basis of the Cost of an Unrestricted and Refundable Full Economy Ticket From Houston Texas to London England for Yourself and Your Family Per Year. the Travel Allowance May Be Used for Any Travel Related Expenses Such as Airfares, Car Rental, Train Fares, Taxis and Other Forms of Transportation. This Allowance Shall Be Grossed Up at a Rate of 32.5% for Tax Purposes. 3. Shipment of Household Goods and Personal Effects: The Company Shall Reimburse You for the Cost of the Shipment of Your Household Goods and Personal Effects as and When These Are Incurred. 4. Closing Costs in U.S.: The Company Shall Reimburse You for Customary Closing Costs in the U.S. as and When These Are Incurred. This Letter of Agreement Supersedes and Replaces the Letter of Employment Dated April 9 2004 With Respect to the Subject Matters Addressed Herein. Sincerely, /S/ John Jackson John Jackson Chief Executive Officer Hanover Compressor Company
12/34/56