CEO Relocation Assistance Arrangement between Beacon Roofing Supply and Paul Isabella
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Summary
Beacon Roofing Supply has agreed to assist its President and CEO, Paul Isabella, with his relocation from Houston, TX to Herndon, VA. The company will reimburse Mr. Isabella for moving expenses and typical real estate transaction costs. Until his relocation is complete, Beacon Roofing Supply will provide him with an apartment in Herndon, cover related housing and commuting airfare costs, and reimburse him for any additional income taxes resulting from these benefits.
EX-10.1 2 v209757_ex10-1.htm
Exhibit 10.1
Description of CEO Relocation Assistance Arrangement
The following is a description of Beacon Roofing Supply's relocation arrangement with Paul Isabella, President & Chief Executive Office (CEO). The CEO relocation arrangement provides for reimbursement of Mr. Isabella’s moving expenses and reasonable and customary real estate transaction costs in connection with his anticipated relocation to Herndon, VA from Houston, TX. In the meantime, Beacon Roofing Supply is providing an apartment for Mr. Isabella in Herndon pending his relocation and covering his related housing costs and commuting airfare costs from Houston, along with associated gross-up income tax reimbursements.
