EXCELLENCE IN EVERYTHING WETOUCH 5620 Glenridge Drive, NE Atlanta, GA 30342 ###-###-#### Fax ###-###-#### www.crawfordandcompany.com

EX-10.24 7 dex1024.htm TERMS OF EMPLOYMENT AGREEMENT Terms of Employment Agreement

Exhibit 10.24

 

  
  

Thomas W. Crawford

President & CEO

January 31, 2005

Mr. Robert J. Cormican

[redacted]

 

RE: Sr. Vice President Quality & Compliance

Dear Mr. Cormican:

I am very pleased to extend you an offer to join Crawford & Company in the regular full-time position of Vice President Quality & Compliance, reporting directly to me as President & CEO. As you are aware, your employment will be contingent upon (1) your passing a drug test, (2) your being bondable, (3) your passing a criminal background check, (4) your employability in the U.S., (5) your having acceptable results on a motor vehicle records check. The following will outline the specifics of the position:

 

   

Grade level: E14

 

   

Starting base salary will be $14,583.33/month

 

   

Starting date: February 15, 2005

 

   

Vacation: 3 Weeks per year

 

   

Bonus: Management group bonus plan

 

   

Benefits: Those extended to full-time employees

 

   

Stock Options: 5,000 shares upon employment, subject to Board approval.

 

   

Perquisites: Those extended to a Vice President (Summary Attached)

Should you accept this job offer, you will need to arrange to be drug tested and background checked within 48 hours of your acceptance by contacting Yolanda Mahoney at ###-###-####. You will be contacted with the results of your screening and with information on the next step in the hiring process.

 

EXCELLENCE IN EVERYTHING WE TOUCH

5620 Glenridge Drive, NE ¡ Atlanta, GA 30342 ¡ (404)  ###-###-#### ¡ Fax (404)  ###-###-#### ¡

www.crawfordandcompany.com


As all other new employees, you will be in a probationary status during the first 6 months of employment. You will be given periodic evaluations of your performance during that time. You will also be given a performance appraisal at the conclusion of the probationary period and will be eligible for a salary review

Bob, I am looking forward to your joining Crawford & Company and our Management Team!

 

Sincerely,
/s/ Thomas W. Crawford

Thomas W. Crawford

President and CEO

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