Current $257,000 50% $385,000
EX-10.3 4 exhibit10_3.htm EMPLOYMENT OFFER LETTER exhibit10_3.htm
Exhibit 10.3 
Signature Date
Exhibit 10.3
| TO: | Keith Clark, Vice President/GM – Consumer & Industrial Business Unit |
| DATE: | August 8, 2007 |
| FROM: | Angelo Brisimitzakis, President and Chief Executive Officer |
| SUBJECT: | Internal Job Offer |
This memo is confirmation of the employment offer promoting you to the position of Vice President and General Manager, North America Highway Business Unit reporting to me. The effective date will be January 1, 2008.
| Base Salary Target AIP Target Total Cash | Current $257,000 50% $385,000 | New $300,000 50% $450,000 |
As a Long Term Incentive Plan participant you will receive an award commensurate with your new position as determined by the Board in March, 2008. Your performance will be reviewed during the performance review cycle (February/March, 2008) however you will not be eligible for a merit increase until April 1, 2009.
Please confirm your acceptance with your signature and date.
