Attached files

file filename
10-Q - FORM 10-Q - FLOTEK INDUSTRIES INC/CN/d10q.htm
EX-10.3 - AMENDMENT TO EMPLOYMENT AGREEMENT - FLOTEK INDUSTRIES INC/CN/dex103.htm
EX-31.2 - SECTION 302 PFO CERTIFICATION - FLOTEK INDUSTRIES INC/CN/dex312.htm
EX-31.1 - SECTION 302 PEO CERTIFICATION - FLOTEK INDUSTRIES INC/CN/dex311.htm
EX-10.6 - NON-QUALIFIED STOCK OPTION AGREEMENT - FLOTEK INDUSTRIES INC/CN/dex106.htm
EX-10.1 - AMENDMENT TO EMPLOYMENT AGREEMENT - FLOTEK INDUSTRIES INC/CN/dex101.htm
EX-10.4 - AMENDMENT TO SECOND AMENDED AND RESTATED SERVICE AGREEMENT - FLOTEK INDUSTRIES INC/CN/dex104.htm
EX-10.7 - NON-QUALIFIED STOCK OPTION AGREEMENT - FLOTEK INDUSTRIES INC/CN/dex107.htm
EX-10.9 - RESTRICTED STOCK AGREEMENT - FLOTEK INDUSTRIES INC/CN/dex109.htm
EX-10.5 - NON-QUALIFIED STOCK OPTION AGREEMENT - FLOTEK INDUSTRIES INC/CN/dex105.htm
EX-32.2 - SECTION 906 PFO CERTIFICATION - FLOTEK INDUSTRIES INC/CN/dex322.htm
EX-10.8 - NON-QUALIFIED STOCK OPTION AGREEMENT - FLOTEK INDUSTRIES INC/CN/dex108.htm
EX-32.1 - SECTION 906 PEO CERTIFICATION - FLOTEK INDUSTRIES INC/CN/dex321.htm
EX-10.10 - RESTRICTED STOCK AGREEMENT - FLOTEK INDUSTRIES INC/CN/dex1010.htm
EX-10.15 - RESTRICTED STOCK AGREEMENT - FLOTEK INDUSTRIES INC/CN/dex1015.htm
EX-10.14 - RESTRICTED STOCK AGREEMENT - FLOTEK INDUSTRIES INC/CN/dex1014.htm
EX-10.13 - RESTRICTED STOCK AGREEMENT - FLOTEK INDUSTRIES INC/CN/dex1013.htm
EX-10.12 - RESTRICTED STOCK AGREEMENT - FLOTEK INDUSTRIES INC/CN/dex1012.htm
EX-10.11 - RESTRICTED STOCK AGREEMENT - FLOTEK INDUSTRIES INC/CN/dex1011.htm
EX-10.16 - FORM OF EXCHANGE AGREEMENT - FLOTEK INDUSTRIES INC/CN/dex1016.htm
EXCEL - IDEA: XBRL DOCUMENT - FLOTEK INDUSTRIES INC/CN/Financial_Report.xls

Exhibit 10.2

AMENDMENT TO

EMPLOYMENT AGREEMENT

THIS AMENDMENT TO EMPLOYMENT AGREEMENT (this “Amendment”) is entered into on May 19, 2011 (“Effective Date”), between Flotek Industries, Inc., a Delaware corporation (the “Company”), and Jesse “Jempy” Neyman (“Employee”).

WHEREAS, the Company and Employee entered into that certain Employment Agreement dated as of August 11, 2009 (the “Employment Agreement”); and

WHEREAS, the Company and Employee desire to amend and supplement the Employment Agreement as set forth herein;

NOW, THEREFORE, in consideration of the mutual covenants contained herein and other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties hereto agree as follows:

1. Amendment to Position Title. All references to “Chief Financial Officer” in Section 2(a) of the Employment Agreement shall be amended and replaced with “Executive Vice President, Finance”.

2. Amendment to Base Salary. The first sentence of Section 3(a) of the Employment Agreement is hereby amended and restated as follows:

“Employee’s annual base salary for the Employment Period shall be $250,000, which effective as of May 31, 2011 shall be increased to $270,000 (the “Base Salary”).”

3. Amendment to Target Bonus. Section 3(d) of the Employment Agreement is hereby amended and restated as follows:

“Employee shall be entitled to annual bonuses in accordance with the Management Incentive Plan of the Company, with a “Target Bonus” for purposes of such plan of 50% of Base Salary (a “Target Bonus”) for years 2009, 2010, and 2011.”

4. One-Time Payment. The Employment Agreement shall be amended to include the following as Section 3(h):

“Employee shall receive a one-time payment of $2,922.96 on May 31, 2011.”

5. No Further Amendments. Except as set forth in this Amendment, the Employment Agreement has not been amended and remains in full force and effect.

[Signature Page Follows]


IN WITNESS WHEREOF, the parties hereto have executed this Amendment as of the Effective Date.

 

FLOTEK INDUSTRIES, INC.
By:  

 

Name: John W. Chisholm
Title: President

 

Jesse “Jempy” Neyman