{"id":39848,"date":"2015-09-17T11:25:58","date_gmt":"2015-09-17T16:25:58","guid":{"rendered":"https:\/\/content.findlaw-admin.com\/ability-legal\/contracts\/uncategorized\/executive-employment-agreement-halliburton-co-and-weldon-j.html"},"modified":"2015-09-17T11:25:58","modified_gmt":"2015-09-17T16:25:58","slug":"executive-employment-agreement-halliburton-co-and-weldon-j","status":"publish","type":"corporate_contracts","link":"https:\/\/corporate.findlaw.com\/contracts\/compensation\/executive-employment-agreement-halliburton-co-and-weldon-j.html","title":{"rendered":"Executive Employment Agreement &#8211; Halliburton Co. and Weldon J. Mire"},"content":{"rendered":"<pre>                         EXECUTIVE EMPLOYMENT AGREEMENT\n\n         This Executive  Employment Agreement (\"Agreement\"),  is entered into by\nand between Halliburton Company (\"Employer\" or \"Halliburton\") and Weldon J. Mire\n(\"Employee\"), as of May 15, 2002 (the \"Effective Date\").\n\n                              W I T N E S S E T H:\n\n         WHEREAS, Employee is currently employed by Employer; and\n\n         WHEREAS, Employer is  desirous of continuing the employment of Employee\nafter the  Effective  Date  pursuant  to the terms  and  conditions  and for the\nconsideration  set  forth  in  this  Agreement,  and  Employee  is  desirous  of\ncontinuing in the employ of Employer  pursuant to such terms and  conditions and\nfor such consideration.\n\n         NOW,  THEREFORE, for and  in  consideration  of  the  mutual  promises,\ncovenants,  and  obligations  contained  herein,  Employer and Employee agree as\nfollows:\n\nARTICLE 1: EMPLOYMENT AND DUTIES:\n\n         1.1. Employer agrees  to employ  Employee,  and Employee  agrees  to be\nemployed by Employer,  beginning as of the Effective Date and  continuing  until\nthe date of termination of Employee's  employment  pursuant to the provisions of\nArticle 3 (the \"Term\"), subject to the terms and conditions of this Agreement.\n\n         1.2. Beginning as of the Effective Date,  Employee shall be employed as\nVice  President--Human  Resources of Employer.  Employee  agrees to serve in the\nassigned position or in such other executive capacities as may be requested from\ntime to time by Employer and to perform diligently and to the best of Employee's\nabilities the duties and services  appertaining  to such positions as reasonably\ndetermined  by Employer,  as well as such  additional  or  different  duties and\nservices  appropriate to such positions  which Employee from time to time may be\nreasonably directed to perform by Employer.\n\n         1.3. Employee shall  at all times  comply  with and  be subject to such\npolicies  and  procedures  as  Halliburton  may  establish  from  time to  time,\nincluding,  without limitation, the Halliburton Company Code of Business Conduct\n(the \"Code of Business Conduct\").\n\n         1.4. Employee shall,  during the  period of  Employee's  employment  by\nEmployer,  devote Employee's full business time, energy, and best efforts to the\nbusiness  and  affairs  of  Employer.  Employee  may  not  engage,  directly  or\nindirectly, in any other business,  investment, or activity that interferes with\nEmployee's  performance  of  Employee's  duties  hereunder,  is  contrary to the\ninterest  of  Employer  or any  of its  affiliated  subsidiaries  and  divisions\n(collectively,  the  \"Halliburton  Entities\" or,  individually,  a  \"Halliburton\nEntity\"),  or requires any significant  portion of Employee's business time. The\nforegoing  notwithstanding,  the parties  recognize  and agree that Employee may\nengage in passive  personal  investments and other business  activities which do\nnot  conflict  with the  business  and  affairs of the  Halliburton  Entities or\ninterfere with Employee's performance of his duties hereunder.  Employee may not\nserve on the board of directors of any entity  other than a  Halliburton  Entity\nduring the Term  without the  approval  thereof in  accordance  with  Employer's\n\n\n\npolicies and procedures  regarding such service.  Employee shall be permitted to\nretain any  compensation  received  for  approved  service  on any  unaffiliated\ncorporation's board of directors.\n\n         1.5. Employee acknowledges  and agrees  that  Employee owes a fiduciary\nduty of  loyalty,  fidelity  and  allegiance  to act at all  times  in the  best\ninterests of the Employer  and the other  Halliburton  Entities and to do no act\nwhich  would,  directly  or  indirectly,  injure  any  such  entity's  business,\ninterests, or reputation.  It is agreed that any direct or indirect interest in,\nconnection with, or benefit from any outside activities, particularly commercial\nactivities,  which interest might in any way adversely affect  Employer,  or any\nHalliburton  Entity,  involves a possible conflict of interest.  In keeping with\nEmployee's fiduciary duties to Employer, Employee agrees that Employee shall not\nknowingly  become  involved  in a conflict  of  interest  with  Employer  or the\nHalliburton  Entities,  or upon  discovery  thereof,  allow such a  conflict  to\ncontinue. Moreover, Employee shall not engage in any activity that might involve\na possible  conflict of interest without first obtaining  approval in accordance\nwith Halliburton's policies and procedures.\n\n         1.6  Nothing contained  herein  shall  be  construed  to  preclude  the\ntransfer of Employee's  employment to another  Halliburton  Entity  (\"Subsequent\nEmployer\") as of, or at any time after,  the Effective Date and no such transfer\nshall be deemed to be a  termination  of  employment  for  purposes of Article 3\nhereof; provided, however, that, effective with such transfer, all of Employer's\nobligations  hereunder  shall be  assumed  by and be  binding  upon,  and all of\nEmployer's  rights hereunder shall be assigned to, such Subsequent  Employer and\nthe defined term \"Employer\" as used herein shall thereafter be deemed amended to\nmean such Subsequent  Employer.  Except as otherwise  provided above, all of the\nterms and conditions of this Agreement, including without limitation, Employee's\nrights and  obligations,  shall remain in full force and effect  following  such\ntransfer of employment.\n\nARTICLE 2: COMPENSATION AND BENEFITS:\n\n         2.1. Employee's  base salary  during  the Term  shall be  not less than\n$200,000  per  annum  which  shall be paid in  accordance  with  the  Employer's\nstandard  payroll  practice for its  executives.  Employee's  base salary may be\nincreased from time to time with the approval of the  Compensation  Committee of\nHalliburton's Board of Directors (the \"Compensation Committee\") or its delegate,\nas  applicable.  Such increased base salary shall become the minimum base salary\nunder this  Agreement  and may not be decreased  thereafter  without the written\nconsent of Employee.\n\n         2.2. During  the  Term, Employee shall  participate  in the Halliburton\nAnnual  Performance Pay Plan, or any successor annual incentive plan approved by\nthe Compensation Committee;  provided, however, that all determinations relating\nto Employee's participation,  including,  without limitation,  those relating to\nthe  performance   goals   applicable  to  Employee  and  Employee's   level  of\nparticipation  and payout  opportunity,  shall be made in the sole discretion of\nthe person or committee to whom such authority has been granted pursuant to such\nplan's terms.\n\n         2.3. During the Term, Employer shall pay  or reimburse Employee for all\nactual,  reasonable and customary expenses incurred by Employee in the course of\nhis  employment;   including,   but  not  limited  to,  travel,   entertainment,\nsubscriptions  and dues associated with Employee's  membership in  professional,\n\n                                       2\n\n\nbusiness and civic  organizations;  provided that such expenses are incurred and\naccounted for in accordance with Employer's applicable policies and procedures.\n\n         2.4. While  employed   by  Employer,   Employee  shall  be  allowed  to\nparticipate,  on the same  basis  generally  as  other  executive  employees  of\nEmployer,  in  all  general  employee  benefit  plans  and  programs,  including\nimprovements  or  modifications  of the  same,  which on the  Effective  Date or\nthereafter  are  made  available  by  Employer  to all or  substantially  all of\nEmployer's  similarly situated executive  employees.  Such benefits,  plans, and\nprograms may include, without limitation, medical, health, and dental care, life\ninsurance,  disability  protection,  and qualified and non-qualified  retirement\nplans. Except as specifically  provided herein,  nothing in this Agreement is to\nbe  construed  or  interpreted  to  increase  or  alter  in any way the  rights,\nparticipation,  coverage,  or benefits under such benefit plans or programs than\nprovided to similarly  situated  executive  employees  pursuant to the terms and\nconditions  of such  benefit  plans and  programs.  While  employed by Employer,\nEmployee  shall be  eligible  to  receive  awards  under  the  1993  Plan or any\nsuccessor  stock-related  plan  adopted  by  Halliburton's  Board of  Directors;\nprovided, however, that the foregoing shall not be construed as a guarantee with\nrespect to the type,  amount or frequency of such awards, if any, such decisions\nbeing  solely  within  the  discretion  of  the  Compensation  Committee  or its\ndelegate, as applicable.\n\n         2.5. Employer shall  not, by  reason of this Article 2, be obligated to\ninstitute,  maintain, or refrain from changing,  amending or discontinuing,  any\nincentive  compensation,  employee  benefit or stock or stock option  program or\nplan,  so long as such actions are  similarly  applicable  to covered  employees\ngenerally.\n\n         2.6. Employer may withhold  from any compensation, benefits, or amounts\npayable under this Agreement all federal,  state, city, or other taxes as may be\nrequired pursuant to any law or governmental regulation or ruling.\n\nARTICLE 3: TERMINATION OF EMPLOYMENT AND EFFECTS OF SUCH TERMINATION:\n\n         3.1. Employee's employment  with Employer  shall be terminated (i) upon\nthe death of Employee, (ii) upon Employee's Retirement (as defined below), (iii)\nupon Employee's  Permanent Disability (as defined below), or (iv) at any time by\nEmployer upon written notice to Employee,  or by Employee upon thirty (30) days'\nwritten notice to Employer, for any or no reason.\n\n         3.2. If  Employee's employment  is  terminated by  reason of any of the\nfollowing circumstances,  Employee shall not be entitled to receive the benefits\nset forth in Section 3.3 hereof:\n\n         (i)    Death.\n\n         (ii)   Retirement.  \"Retirement\"  shall   mean  either  (a)  Employee's\n                retirement at or after normal retirement age (either voluntarily\n                or  pursuant  to  Halliburton's  retirement  policy)  or (b) the\n\n                                       3\n\n\n                voluntary termination  of Employee's  employment by Employee  in\n                accordance  with Employer's  early  retirement  policy for other\n                than Good Reason (as defined below).\n\n         (iii)  Permanent   Disability.   \"Permanent  Disability\"   shall   mean\n                Employee's  physical or  mental incapacity  to perform his usual\n                duties  with such  condition likely  to remain continuously  and\n                permanently as determined by the Compensation Committee.\n\n         (iv)   Voluntary  Termination.  \"Voluntary  Termination\"  shall  mean a\n                termination  of employment  in the sole  discretion  and  at the\n                election of Employee for other than Good Reason.  \"Good  Reason\"\n                shall mean (a) a termination of employment  by Employee  because\n                of a material  breach by Employer of any material  provision  of\n                this Agreement which  remains  uncorrected  for thirty (30) days\n                following written notice of such breach by Employee to Employer,\n                provided  such  termination  occurs within sixty (60) days after\n                the  expiration  of the notice  period or (b) a  termination  of\n                employment by Employee  within  six (6) months  after a material\n                reduction in Employee's rank or responsibility with Employer.\n\n         (v)    Termination  for Cause.  Termination  of  Employee's  employment\n                by Employer for Cause.  \"Cause\" shall mean any of the following:\n                (a) Employee's  gross  negligence  or willful  misconduct in the\n                performance  of the duties and  services  required  of  Employee\n                pursuant  to this  Agreement,  (b) Employee's  final  conviction\n                of a felony, (c) a material  violation  of the Code of  Business\n                Conduct  or (d)  Employee's  material  breach  of  any  material\n                provision of this Agreement which remains uncorrected for thirty\n                (30) days following written notice of such breach to Employee by\n                Employer.  Determination  as to  whether  or  not  Cause  exists\n                for  termination of  Employee's  employment  will be made by the\n                Compensation Committee.\n\n         In the event  Employee's  employment  is  terminated  under  any of the\nforegoing circumstances, all future  compensation to which Employee is otherwise\nentitled and all future benefits for which Employee is  eligible shall cease and\nterminate as of the date of termination, except as specifically provided in this\nSection 3.2. Employee,  or his estate in the case of  Employee's death, shall be\nentitled to  pro rata  base  salary  through  the date of such  termination  and\nshall be entitled to any individual bonuses or individual incentive compensation\nnot yet paid  but  payable  under  Employer's  plans  for  years  prior  to  the\nyear of Employee's termination of employment,  but shall not be entitled  to any\nbonus or incentive compensation for the year in which he  terminates  employment\nor any other payments or  benefits by or on behalf of Employer  except for those\nwhich may be payable pursuant to the terms of Employer's employee  benefit plans\n(as defined  in  Section  3.4),  stock,  stock  option or  incentive  plans,  or\nthe applicable agreements underlying such plans.\n\n                                       4\n\n\n         3.3 If Employee's employment is  terminated by Employee for Good Reason\nor by  Employer for  any reason  other than  as  set forth  in Section 3.2 above\nEmployee shall be entitled to each of the following:\n\n         (i)    To  the  extent  not  otherwise specifically   provided  in  any\n                underlying  restricted  stock  agreements,  Halliburton,  at its\n                option and in  its sole  discretion,  shall either (a) cause all\n                shares  of   Halliburton  common  stock  previously  granted  to\n                Employee under the 1993 Plan, and any similar  plan  adopted  by\n                Halliburton in the  future,  which  at the  date of  termination\n                of employment  are  subject  to  restrictions  (the  \"Restricted\n                Shares\")  to  be  forfeited,  in which case,  Employer  will pay\n                Employee a  lump sum  cash  payment  equal to  the  value of the\n                Restricted  Shares (based  on the closing  price of  Halliburton\n                common  stock on  the New  York  Stock  Exchange  on the date of\n                termination  of   employment);   or  (b)  cause  the  forfeiture\n                restrictions  with respect  to the Restricted  Shares  lapse and\n                such shares shall be retained by Employee.\n\n          (ii)  Subject  to the  provisions of  Section  3.4, Employer shall pay\n                to Employee  a severance benefit consisting of a single lump sum\n                cash payment equal to two years' of Employee's base salary as in\n                effect at the date of Employee's termination of employment. Such\n                severance  benefit  shall be paid  no later than sixty (60) days\n                following Employee's termination of employment.\n\n          (iii) Employee  shall  be   entitled  to  any   individual   incentive\n                compensation earned under the Halliburton Annual Performance Pay\n                Plan, or  any successor  annual incentive  plan approved  by the\n                Compensation  Committee, for  the year of Employee's termination\n                of employment determined as if Employee had remained employed by\n                the Employer for  the entire year. Such amounts shall be paid to\n                Employee at the time that  such amounts  are  paid to  similarly\n                situated employees.\n\n         3.4. The  severance benefit paid  to Employee  pursuant to  Section 3.3\nshall  be  in  consideration  of  Employee's  continuing  obligations  hereunder\nafter   such   termination,    including,    without   limitation,   Employee's\nobligations  under Article 4.  Further, as  a  condition to  the receipt of such\nseverance  benefit,  Employer, in  its sole  discretion,  may  require  Employee\nto  first execute  a release,  in the  form established  by Employer,  releasing\nEmployer and  all other Halliburton  Entities, and  their  officers,  directors,\nemployees,  and  agents, from  any and  all claims and  from  any and all causes\nof  action  of any  kind  or  character,  including,  but  not  limited  to, all\nclaims  and  causes  of  action  arising  out  of  Employee's  employment   with\nEmployer  and  any  other  Halliburton  Entities  or  the  termination  of  such\nemployment.  The performance  of Employer's  obligations  under Section  3.3 and\nthe  receipt of  the severance  benefit provided   thereunder by  Employee shall\nconstitute  full   settlement  of   all such  claims   and   causes  of  action.\nEmployee  shall  not be  under  any  duty  or obligation to seek or accept other\nemployment  following   a  termination   of  employment   pursuant  to  which  a\nseverance  benefit  payment  under  Section  3.3  is  owing  and the amounts due\nEmployee  pursuant  to  Section  3.3  shall  not  be  reduced  or  suspended  if\nEmployee   accepts   subsequent   employment   or  earns  any   amounts   as   a\nself-employed    individual.   Employee's   rights   under   Section   3.3   are\nEmployee's  sole and  exclusive rights  against the  Employer  or its affiliates\n\n                                       5\n\n\nand  the  Employer's  sole  and  exclusive  liability  to  Employee  under  this\nAgreement,  in  contract,  tort  or   otherwise,  for  the  termination  of  his\nemployment  relationship  with  Employer.   Employee  agrees  that  all disputes\nrelating   to   Employee's  termination   of  employment,   including,   without\nlimitation,  any  dispute  as  to \"Cause\"  or  \"Voluntary  Termination\"  and any\nclaims  or demands  against Employer  based upon  Employee's employment  for any\nmonies other than  those specified in  Section 3.3, shall  be  resolved  through\nthe  Halliburton  Dispute  Resolution  Plan  as provided  in Section 5.6 hereof;\nprovided,   however,  that   decisions  as  to   whether  \"Cause\"   exists   for\ntermination of  the employment  relationship with  Employee  and  whether and as\nof  what date  Employee has  become permanently  disabled  are  delegated to the\nCompensation  Committee,  or  its  delegate,  for  determination and any dispute\nof  Employee  with   any  such  decision  shall  be  limited  to   whether   the\nCompensation   Committee,  or  its  delegate,  reached  such  decision  in  good\nfaith.  Nothing  contained  in  this  Article  3  shall  be  construed  to  be a\nwaiver  by Employee  of any  benefits  accrued  for  or due  Employee  under any\nemployee  benefit plan  (as such  term is  defined in  the Employees' Retirement\nIncome  Security Act  of 1974, as  amended) maintained  by  Employer except that\nEmployee  shall  not be  entitled to  any  severance  benefits  pursuant  to any\nseverance plan or program of the Employer.\n\n         3.5. Termination  of the employment  relationship  does  not  terminate\nthose obligations  imposed by  this Agreement  which are continuing obligations,\nincluding, without limitation, Employee's obligations under Article 4.\n\nARTICLE 4: OWNERSHIP AND PROTECTION OF INTELLECTUAL PROPERTY AND CONFIDENTIAL\n           INFORMATION:\n\n         4.1. All  information,  ideas, concepts, improvements, discoveries, and\ninventions,  whether patentable  or not, which are conceived, made, developed or\nacquired  by  Employee,  individually  or  in  conjunction  with  others, during\nEmployee's  employment by  Employer or  any of  its  affiliates  (whether during\nbusiness hours or  otherwise and whether  on Employer's  premises  or otherwise)\nwhich relate to the business, products or services of Employer or its affiliates\n(including,  without  limitation, all  such  information  relating  to corporate\nopportunities,  research, financial  and sales  data, pricing and trading terms,\nevaluations, opinions, interpretations, acquisition  prospects, the  identity of\ncustomers  or their  requirements, the  identity  of  key  contacts  within  the\ncustomer's organizations or within the organization of acquisition prospects, or\nmarketing  and merchandising  techniques, prospective names, and marks), and all\nwritings or materials of any type embodying any of such items, shall be the sole\nand exclusive property of Employer or its affiliates, as the case may be.\n\n         4.2. Employee  acknowledges  that  the  businesses  of Employer and its\naffiliates  are highly  competitive  and  that their strategies, methods, books,\nrecords,  and documents, their technical information  concerning their products,\nequipment,  services,   and  processes,   procurement  procedures   and  pricing\ntechniques, the names of  and other information  (such as  credit  and financial\ndata)  concerning   their  customers  and   business  affiliates,  all  comprise\nconfidential business information and trade secrets which are valuable, special,\nand  unique assets  which Employer  or its  affiliates  use in their business to\nobtain  a  competitive  advantage  over   their  competitors.  Employee  further\nacknowledges that protection of such confidential business information and trade\nsecrets against  unauthorized disclosure  and use  is of  critical importance to\nEmployer and its affiliates in maintaining their competitive  position. Employee\nhereby agrees that Employee will not, at any time during or after his employment\n\n                                       6\n\n\nby  Employer, make  any unauthorized  disclosure of  any  confidential  business\ninformation  or trade  secrets of  Employer or  its affiliates,  or make any use\nthereof,  except  in  the  carrying  out  of   his  employment  responsibilities\nhereunder.  Confidential business  information shall  not include information in\nthe  public domain  (but only  if the  same becomes  part of  the  public domain\nthrough  a means  other  than  a disclosure  prohibited  hereunder).  The  above\nnotwithstanding, a disclosure shall not be unauthorized if (i) it is required by\nlaw or by a court of competent jurisdiction or (ii) it is in connection with any\njudicial,  arbitration, dispute  resolution  or  other legal proceeding in which\nEmployee's legal rights and obligations as an employee  or under  this Agreement\nare at issue; provided, however, that Employee shall, to the extent  practicable\nand  lawful in  any such events,  give prior notice to Employer of his intent to\ndisclose  any such confidential  business information  in  such context so as to\nallow Employer or its affiliates an opportunity (which Employee will not oppose)\nto  obtain such protective  orders or similar relief with respect thereto as may\nbe deemed appropriate.\n\n         4.3. All  written materials,  records, and  other documents made by, or\ncoming  into  the  possession  of,  Employee  during  the  period  of Employee's\nemployment  by  Employer   which  contain  or  disclose  confidential   business\ninformation  or trade secrets  of Employer or its affiliates shall be and remain\nthe  property  of  Employer,  or  its  affiliates,  as  the  case  may  be. Upon\ntermination  of  Employee's  employment  by  Employer, for  any reason, Employee\npromptly shall deliver the same, and all copies thereof, to Employer.\n\n         4.4 For purposes of this Article 4, \"affiliates\" shall mean entities in\nwhich Halliburton has a 20% or more direct or indirect equity interest.\n\nARTICLE 5: MISCELLANEOUS:\n\n         5.1. Except  as otherwise  provided in Section 4.4 hereof, for purposes\nof  this Agreement,  the terms  \"affiliate\"  or \"affiliated\" means an entity who\ndirectly,  or  indirectly  through  one  or  more intermediaries,  controls,  is\ncontrolled  by,  or  is  under  common  control  with  Halliburton  or  in which\nHalliburton has a 50% or more equity interest.\n\n         5.2. For  purposes   of  this   Agreement,   notices   and  all   other\ncommunications  provided for  herein shall be  in writing and shall be deemed to\nhave been  duly given  when received  by or tendered to Employee or Employer, as\napplicable,  by pre-paid  courier or  by United  States registered  or certified\nmail, return receipt requested, postage prepaid, addressed as follows:\n\n         If to Employer, to Halliburton Company at 3600 Lincoln Plaza, 500 North\n         Akard Street, Dallas, Texas 75201-3391, to the attention of the General\n         Counsel.\n\n         If to Employee, to his last known personal residence.\n\n         5.3. This Agreement shall be governed by and construed and enforced, in\nall respects in accordance with the law of the State of Texas, without regard to\nprinciples  of conflicts  of law, unless preempted by federal law, in which case\nfederal  law shall govern;  provided,  however,  that  the  Halliburton  Dispute\nResolution  Plan and  the Federal Arbitration  Act shall  govern in all respects\nwith regard to the resolution of disputes hereunder.\n\n                                       7\n\n\n         5.4. No failure  by either party hereto  at any time  to give notice of\nany breach by the other party of, or to require compliance with,  any  condition\nor provision of this Agreement shall be deemed a waiver of similar or dissimilar\nprovisions or conditions at the same or at any prior or subsequent time.\n\n         5.5. It  is  a  desire  and  intent  of  the  parties  that  the terms,\nprovisions,  covenants, and  remedies  contained  in  this  Agreement  shall  be\nenforceable to the fullest extent permitted by law. If any such term, provision,\ncovenant, or remedy of this Agreement or  the application thereof to any person,\nassociation, or entity or circumstances shall, to any extent, be construed to be\ninvalid  or  unenforceable  in  whole  or  in  part,  then such term, provision,\ncovenant,  or  remedy  shall  be  construed  in a  manner so  as to  permit  its\nenforceability under the applicable  law to the fullest extent permitted by law.\nIn any  case, the  remaining provisions  of this  Agreement or  the  application\nthereof to any person, association, or entity or circumstances other  than those\nto  which they  have been  held invalid  or unenforceable, shall  remain in full\nforce and effect.\n\n         5.6. It is the  mutual intention of  the parties to  have  any  dispute\nconcerning this Agreement resolved out of court. Accordingly, the parties  agree\nthat any such dispute shall, as the sole and exclusive remedy, be submitted  for\nresolution  through the  Halliburton Dispute Resolution Plan; provided, however,\nthat the  Employer, on its  own behalf  and on behalf  of any of the Halliburton\nEntities, shall  be entitled  to seek a  restraining order  or injunction in any\ncourt of competent jurisdiction to prevent any breach or the continuation of any\nbreach  of the  provisions of  Article 4 and  Employee hereby consents that such\nrestraining  order or  injunction may  be granted  without  the necessity of the\nEmployer  posting any  bond.  The parties  agree that the resolution of any such\ndispute through such Plan shall be final and binding.\n\n         5.7. This Agreement shall  be binding upon  and inure to the benefit of\nEmployer, to the extent herein provided, and any other  person,  association, or\nentity which may hereafter acquire or succeed to all or substantially all of the\nbusiness  or assets  of Employer by  any means  whether  direct or  indirect, by\npurchase, merger, consolidation, or otherwise. Employee's rights and obligations\nunder this Agreement are personal and such rights, benefits, and obligations  of\nEmployee  shall not  be voluntarily  or involuntarily  assigned,  alienated,  or\ntransferred, whether by operation of law or otherwise, without the prior written\nconsent  of  Employer,  other  than  in  the  case  of death  or incompetence of\nEmployee.\n\n         5.8. This Agreement  replaces and  merges any  previous  agreements and\ndiscussions  pertaining to  the subject  matter  covered herein.  This Agreement\nconstitutes  the entire  agreement of  the parties  with regard  to the terms of\nEmployee's  employment, termination  of employment  and  severance benefits, and\ncontains  all  of the  covenants,  promises,  representations,  warranties,  and\nagreements between  the parties with respect to such matters. Each party to this\nAgreement  acknowledges  that  no   representation,   inducement,   promise,  or\nagreement, oral  or written,  has been  made by either party with respect to the\nforegoing  matters  which  is  not  embodied  herein,  and  that  no  agreement,\nstatement, or promise relating to the employment of Employee by Employer that is\nnot  contained in this  Agreement shall be valid or binding. Any modification of\n\n                                       8\n\n\nthis Agreement  will be effective  only if it  is in writing  and signed by each\nparty  whose  rights hereunder  are affected  thereby, provided  that  any  such\nmodification must be authorized or approved by the Compensation Committee or its\ndelegate, as appropriate.\n\n         IN  WITNESS  WHEREOF,  Employer  and  Employee  have duly executed this\nAgreement in multiple originals to be effective on the Effective Date.\n\n                                  HALLIBURTON COMPANY\n\n                                  By:  \/s\/ David J. Lesar\n                                       -----------------------------------------\n                                  Name:    David J. Lesar\n                                  Title:   Chairman of the Board, President and\n                                           Chief Executive Officer\n\n                                  EMPLOYEE\n\n                                  \/s\/ Weldon J. Mire       \n                                  ----------------------------------------------\n                                  Weldon J. Mire\n\n                                       9\n<\/pre>\n","protected":false},"template":"","meta":{"_acf_changed":false,"_stopmodifiedupdate":true,"_modified_date":"","_cloudinary_featured_overwrite":false},"corporate_contracts_companies":[7712],"corporate_contracts_industries":[9413],"corporate_contracts_types":[9539,9544],"class_list":["post-39848","corporate_contracts","type-corporate_contracts","status-publish","hentry","corporate_contracts_companies-halliburton-co","corporate_contracts_industries-energy__services","corporate_contracts_types-compensation","corporate_contracts_types-compensation__employment"],"acf":[],"_links":{"self":[{"href":"https:\/\/corporate.findlaw.com\/legal-api\/wp-json\/wp\/v2\/corporate_contracts\/39848","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/corporate.findlaw.com\/legal-api\/wp-json\/wp\/v2\/corporate_contracts"}],"about":[{"href":"https:\/\/corporate.findlaw.com\/legal-api\/wp-json\/wp\/v2\/types\/corporate_contracts"}],"wp:attachment":[{"href":"https:\/\/corporate.findlaw.com\/legal-api\/wp-json\/wp\/v2\/media?parent=39848"}],"wp:term":[{"taxonomy":"corporate_contracts_companies","embeddable":true,"href":"https:\/\/corporate.findlaw.com\/legal-api\/wp-json\/wp\/v2\/corporate_contracts_companies?post=39848"},{"taxonomy":"corporate_contracts_industries","embeddable":true,"href":"https:\/\/corporate.findlaw.com\/legal-api\/wp-json\/wp\/v2\/corporate_contracts_industries?post=39848"},{"taxonomy":"corporate_contracts_types","embeddable":true,"href":"https:\/\/corporate.findlaw.com\/legal-api\/wp-json\/wp\/v2\/corporate_contracts_types?post=39848"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}