Limitation of Director Compensation Agreement between Cubic Corporation and Janice M. Hamby
Cubic Corporation and Janice M. Hamby agree to limit her annual compensation as a board member to $27,225 due to restrictions related to her employment with the National Defense University and the U.S. Government. This compensation cap will remain in effect as long as she is a government employee or until the limit changes or is removed. Cubic Corporation will ensure that her compensation does not exceed this amount or any future applicable limit.
Exhibit 10.10
Limitation of Director Compensation
Due to restrictions on the amount of outside compensation permitted as a condition of Janice M. Hamby’s employment with the National Defense University, she agrees that the maximum annual compensation she will receive as a member of the Board of Directors of Cubic Corporation will be $27,225.
This limit will remain in effect so long as she is an employee of the U.S. Government or until she and Cubic Corporation have been notified that the limit has changed, or no longer applies.
Cubic Corporation agrees to take such necessary actions to ensure that the compensation paid to Admiral Hamby does not exceed the above limitation, or such other limitation which may be applicable from time to time.
| Dated: September 1, 2015 |
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| Cubic Corporation |
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| By: | /s/ James R. Edwards |
| /s/ Janice M. Hamby |
| James R. Edwards | Janice M. Hamby | ||
| Senior Vice President, | Director | ||
| General Counsel & Secretary |
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9333 Balboa Avenue, San Diego, CA 92123 · P.O. Box 85587, San Diego, CA 92186-5587
858 ###-###-#### · Fax ###-###-####
www.cubic.com · NYSE: CUB
