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Document Preview Executive Employment Agreement |
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Title: |
Executive Employment Agreement |
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Date: |
2006 |
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Preview shows 7KB of 30KB total |
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$34 |
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ID: |
#2519722 |
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EXECUTIVE EMPLOYMENT AGREEMENT
This Executive Employment Agreement (Agreement), is entered into by and between KBR Technical Services, Inc. (Employer) and Cedric Burgher, (Employee), to be effective on October 31, 2005 (the Effective Date).
W I T N E S S E T H:
WHEREAS, Employer is desirous of employing Employee pursuant to the terms and conditions and for the consideration set forth in this Agreement, and Employee is desirous of entering the employ of Employer pursuant to such terms and conditions and for such consideration.
NOW, THEREFORE, for and in consideration of the mutual promises, covenants, and obligations contained herein, Employer and Employee agree as follows:
ARTICLE 1: EMPLOYMENT AND DUTIES:
1.1. Employer agrees to employ Employee, and Employee agrees to be employed by Employer, beginning as of the Effective Date and continuing until the date of termination of Employees employment pursuant to the provisions of Article 3 (the Term), subject to the terms and conditions of this Agreement.
1.2. Beginning as of the Effective Date, Employee shall be employed as Senior Vice President and Chief Financial Officer of Employer. Employee agrees to serve in the assigned position or in such other executive capacities as may be requested from time to time by Employer and to perform diligently and to the best of Employees abilities the duties and services appertaining to such positions as reasonably determined by Employer, as well as such additional or different duties and services appropriate to such positions which Employee from time to time may be reasonably directed to perform by Employer.
1.3. Employee shall at all times comply with and be subject to such policies and procedures as Employer or Halliburton Company (Halliburton) may establish from time to time, including, without limitation, the Halliburton Company Code of Business Conduct (the Code of Business Conduct).
1.4. Employee shall, during the period of Employees employment by Employer, devote Employees full business time, energy, and best efforts to the business and affairs of Employer. Employee may not engage, directly or indirectly, in any other business, investment, or activity that interferes with Employees performance of Employees duties hereunder, is contrary to the interest of Employer or any of its affiliated companies, including its parent Halliburton (collectively, the Halliburton Entities or, individually, a Halliburton Entity), or requires any significant portion of Employees business time. The foregoing notwithstanding, the parties recognize and agree that Employee may engage in passive personal investments and other business activities which do not conflict with the business and affairs of Employer or of the Halliburton Entities or interfere with Employees performance of his duties hereunder. Employee may not serve on the board of directors of any entity other than a Halliburton Entity during the Term without the approval thereof in
accordance with Halliburtons policies and procedures regarding such service. Employee may retain compensation received for approved service on any unaffiliated corporations board of directors to the extent permitted under applicable Halliburton policies and procedures.
1.5. Employee acknowledges and agrees that Employee owes a fiduciary duty of loyalty, fidelity and allegiance to act at all times in the best interests of the Employer and the other Halliburton Entities and to do no act which would, directly or indirectly, injure any such entitys business, interests, or reputation. It is agreed that any direct or indirect interest in, connection with, or benefit from any outside activities, particularly commercial activities, which interest might in any way adversely affect Employer, or any Halliburton Entity, involves a possible conflict of interest. In keeping with Employees fiduciary duties to Employer, Employee agrees that Employee shall not knowingly become involved in a conflict of interest with Employer or the Halliburton Entities, or upon discovery thereof, allow such a conflict to continue. Moreover, Employee shall not engage in any activity which might involve a possible conflict of interest without first obtaining approval in accordance with Halliburtons policies and procedures.
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