Employment Agreement between the Registrant and David G. Dickey dated November 28, 2007
This agreement is between the Registrant and David G. Dickey, outlining his responsibilities over several company functions, compensation, and benefits. Mr. Dickey will receive a base salary of at least $350,000 per year starting no later than January 1, 2008, and is eligible for incentive payments and restricted stock awards. His title and officer status will be defined with Board approval. The agreement also includes participation in an executive benefits program. Key compensation and benefits are specified, with certain payments and awards scheduled for early 2008.
Exhibit 10.84
Agreement dated November 28, 2007
by and between
the Registrant and David G. Dickey
| Summary of Key Points | ||||||
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| 1. |
| Responsibilities |
| Current Logistics, Customer Care, Strategic Mfg, Procurement, Legal, EH&S, and HR/Communications organizations | ||
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| 2. |
| Title to be mutually defined |
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| 3. |
| Corporate Officer |
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| As Board of Directors approval permits |
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| 4. |
| Base Salary |
| $350,000/yr or greater |
| Effective NLT 1/1/08 |
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| 5. |
| 2008 MIP |
| Minimum of 50% target |
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| 6. |
| 2007 MIP |
| Paid at target or greater |
| 1Q08 (normal cycle) |
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| 7. |
| RSO’s |
| $300,000 restricted shares |
| 2 year time vesting Issue in 1Q08 |
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| 8. |
| Flexperq |
| Participation as Executive Officer |
| Effective NLT 1/1/08 |
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| By: |
| /s/ David G. Dickey |
| By: |
| /s/ Robert L. Wood |
| Name: |
| David G. Dickey |
| Name: |
| Robert L. Wood |
| Date: |
| November 28, 2007 |
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