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Exhibit 10.16
March 28, 2017
Charles “Chip” Schneider
Chip.Schneider@rig.net
Dear Chip:
It is with pleasure that I extend to you a Retention Bonus in the amount of one times of your current base pay of $325,000.00 to be paid in two equal installments.
You will receive the payments based on the following payment schedule to be paid not later than the dates listed.
a. | March 31, 2018 in the amount of $162,500.00 |
b. | March 31, 2019 in the amount of $162,500.00 |
This offering is in recognition and appreciation of your continued focus on driving overall success; as well as to recognize your efforts in the expanded role and the additional responsibilities that you have taken over since joining RigNet. I appreciate your hard work and dedication to the company.
Sincerely,
/s/ Steven Pickett |
Steven Pickett |
Chief Executive Officer and President |
RigNet Inc. |
15115 PARK ROW, SUITE 300 HOUSTON, TEXAS 77094 PHONE 281.674.0100 FAX 281.674.0101 http://www.rig.net