Long Term Bonus. The amount of Incentive Compensation earned in any Incentive Cycle shall be distributed in three (3) substantially equal installments. The first installment shall be distributed within five (5) working days of the determination of performance under [Section 3.3]. The second installment with respect to an Incentive Cycle shall be distributable on the first business day of the calendar year next following the calendar year in which the first installment was paid and the third installment with respect to an Incentive Cycle shall be distributable on the anniversary of the second installment. The distribution of each installment of Incentive Compensation is contingent (in addition to the conditions set forth in [Section 3.6]) upon the employment with the Company of the Key Employee to whom such installment is due on the date the installment is distributable, provided, however, if a Key Employee ceases employment with the Company for reasons of his death, disability or Retirement, the condition to distribution of earned Incentive Compensation of continued employment shall not apply. In the event

Target Long Term Bonus. “Target Long Term Bonus” shall mean the target incentive award opportunity for Executive as established with respect to any Long Term Bonus.

Long Term Bonus. “Long Term Bonus” shall mean # any long-term incentive award(s) payable to Executive pursuant to the TETRA’s Cash Incentive Compensation Plan, or any successor plan as adopted by TETRA and in which the Executive participates, and # any other long term cash incentive or bonus award(s) granted by the Company or TETRA to the Executive.

Long Term Incentive Cash Bonus. The Executive shall be eligible for and entitled to long term incentive compensation cash bonus awards in accordance with, and to the extent provided in, the terms and provisions of the Bonus Agreement.

Long-Term Bonus. Beginning with the fiscal year ending March 31, 2021 and ending with the fiscal year ending March 31, 2022, the long-term bonus (the “Long-Term Bonus”) earned with respect to a given fiscal year (the “Determination Year”), provided that the Employee is employed by the Company on the last day of the Determination Year, is based on # the three-year rolling average annual growth in tangible book value per share of the Company’s common stock over the three successive fiscal years ending on the last day of the Determination Year, adjusted in the sole discretion of the Compensation Committee, including without limitation for the following items: 1) changes resulting from a FASB Accounting Pronouncement, 2) share buy-backs, 3) dividends, 4) stock splits, 5) gain on sale and 6) provision for credit losses if less than charge-offs, and # the Employee’s Base Salary for the Determination Year. The Long-Term Bonus earned with respect to a Determination Year shall consist of a cash component (the “Cash Component”) and a restricted stock component (the “Restricted Stock Component”) and shall be calculated as follows:

Long Term Bonus. During the Term, Executive shall be eligible to receive a long-term cash bonus, the receipt of which is subject to vesting (the “Long Term Bonus”) as described below.

Long Term Bonus. “Long Term Bonus” shall mean # any long term incentive award(s) payable to Executive pursuant to the Company’s Cash Incentive Compensation Plan, or any successor plan as adopted by the Company, and # any other long term cash incentive or bonus award(s) granted by the Company to the Executive.

Target Long Term Bonus. “Target Long Term Bonus” shall mean the target incentive award opportunity for Executive as established with respect to any Long Term Bonus.

Vesting of Long Term Bonus. Subject to the requirements of Sections 3.01 and 3.02 below, the Long Term Bonus earned by Executive for any given calendar year shall vest in three (3) equal installments. The first such installment shall vest and become payable at the end of the calendar year following the year in which such Long Term Bonus was earned, the second such installment shall vest and become payable at the end of the second calendar year following the year in which such Long Term Bonus was earned, and the third such installment shall vest and become payable at the end of the third calendar year following the year in which such Long Term Bonus was earned.

Calculation of Long Term Bonus. The Long Term Bonus, if any, earned by Executive with respect to any particular calendar year shall be equal to ten percent (10%) of the Adjusted Annual Book Value Growth.