Employment Arrangement Summary for Jeffrey A. Williams and America’s Car-Mart, Inc.
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Summary
America’s Car-Mart, Inc. has an unwritten employment arrangement with Jeffrey A. Williams. He receives a $175,000 annual salary, a quarterly bonus of $12,500, and benefits including a company car, cell phone service, and health insurance for himself and his family. All compensation and benefits may be adjusted at the discretion of the company’s board of directors and in response to price changes.
EX-10.7 3 ex10-7.htm EXHIBIT 10.7
Exhibit 10.7
Employment Arrangements with Jeffrey A. Williams
America’s Car-Mart, Inc. (the “Company”) does not have a written employment agreement with Jeffrey A. Williams. Mr. Williams receives an annual salary of $175,000 per year and an expected quarterly bonus of $12,500. In addition, Mr. Williams is entitled to the following fringe benefits: use of a company car, cell phone service and health insurance for him and his family. Mr. Williams’ salary, bonus and fringe benefits are subject to adjustment at the discretion of the Company’s board of directors and price increases.
