Summary of Employment Terms for Jeffrey Croft as President and COO of Dominion Homes, Inc.
This document outlines the key employment terms for Jeffrey Croft, who will serve as President and Chief Operating Officer of Dominion Homes, Inc. Mr. Croft will receive a $400,000 annual base salary, paid according to the company's standard payroll schedule, and will be eligible for benefits provided to senior executives. The company is in the process of finalizing a formal employment agreement with Mr. Croft, which will take effect once approved by the Board of Directors.
EXHIBIT 10.25
Summary of Employment Terms for Jeffrey Croft
Mr. Croft will serve as the President and Chief Operating Officer of Dominion Homes, Inc. (the “Company”.) He will receive an annual base salary of $400,000, paid in accordance with the Company’s normal payroll procedures, and such other benefits as are generally available to senior executives of the Company. The Company is currently negotiating the terms of an employment agreement with Mr. Croft, which agreement will be effective upon approval by the Company’s Board of Directors.
