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This employment agreement involves Cooper Cameron Corporation. An employment contract is an agreement entered into between an employer and an employee which describes the nature of their business relationship. This includes a discussion of roles and responsibilities, compensation etc. An employment contract serves a number of beneficial purposes. It provides the employee with the basic conditions of their employment including basic duties, salary, and benefits. The agreement also protects the employer by stating the employer's expectations for the employee and grounds for termination.

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08/05/09
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Cooper Cameron Corporation Employment Agreement

Exhibit 10.47 August 16, 2004 Mr. Franklin Myers Senior Vice President and Chief Financial Officer 1333 West Loop South, Suite 1700 Houston, Texas 77027 Dear Franklin: The Board of Directors of Cooper Cameron Corporation (the “Company”) has concluded that it is in the Company’s best interest to amend the employment agreement with you, dated September 1, 1999, (the “Employment Agreement”) by eliminating Section 10A in its entirety. The Company, therefore, is offering the payment to you of the sum of Three Hundred Sixty-four Thousand, Four Hundred Twenty-o