EXECUTIVE EMPLOYMENT AGREEMENT

This Executive Employment Agreement (Agreement) is entered into by and between KBR Technical Services, Inc. (Employer) and Bruce Alan Stanski, (Employee), as of August 1, 2004 (the Effective Date).

W I T N E S S E T H:

WHEREAS, Employee is currently employed by Employer; and

WHEREAS, Employer is desirous of continuing the employment of Employee after the Effective Date pursuant to the terms and conditions and for the consideration set forth in this Agreement, and Employee is desirous of continuing in the employ of Employer pursuant to such terms and conditions and for such consideration; and

WHEREAS, in connection with Employees relocation to a work site in Virginia, Employee and Employer have entered into that certain Relocation Repayment Agreement (the Relocation Agreement), which, among other things, provides for reimbursement by Employee of all costs and expenses paid by Employer in connection with such relocation if Employee should voluntarily terminate his employment within one year of his Relocation Date (as defined in the Relocation Agreement).

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 PresidentGlobal Operations of Kellogg Brown & Root, Inc. (KBR). Employee agrees to serve in the assigned position or in such other managerial 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 Halliburton Company (Halliburton) or Employer 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 and KBR. 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 Halliburton or any of its affiliated subsidiaries and divisions, including Employer (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 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.

Home        Intelligence        Services        Subscriptions        News        About Us

Contact Us       Terms of Use       Resend Documents       Shopping Cart

Copyright © 2008 The Consus Group LLC