Compensation Arrangement for Timothy L. Stubbs as Vice President – National Sales of FFE Transportation Services, Inc.
Contract Categories:
Human Resources
›
Compensation Agreements
Summary
This agreement outlines the compensation and benefits for Timothy L. Stubbs as Vice President – National Sales at FFE Transportation Services, Inc. Mr. Stubbs will receive a $125,000 annual base salary, participate in the company's incentive and stock plans, and be eligible for various health, insurance, and retirement benefits. He will also receive a monthly automobile allowance, mileage reimbursement for business travel, and a Christmas bonus equal to one week's salary. These terms are effective as of November 21, 2008.
EX-10.20 5 exh10_20.htm COMPENSATION ARRANGEMENTS TIMOTHY L. STUBBS exh10_20.htm
EXHIBIT 10.20
Compensation Arrangements for Timothy L. Stubbs
November 21, 2008
The following is a summary of the compensation arrangement effective November 21, 2008 for Timothy L. Stubbs in his capacity as Vice President – National Sales for FFE Transportation Services, Inc., a subsidiary of the Company.
Annual Base Salary. $125,000
Annual and Long-Term Incentive Compensation Plans. Participation in the Company’s Incentive Bonus Plan, the 2005 Stock Incentive Plan and the Managers Phantom Stock Plan.
Benefit Plans and Other Arrangements. Mr. Stubbs is eligible to participate in the Company’s broad-based programs including health, disability and life insurance programs, the Frozen Food Express Industries, Inc. 401 (k) Savings Plan, and the FFE Transportation Services, Inc. 401(k) Wrap Plan. He is also eligible to participate in the Key Employee Supplemental Medical Plan.
Perquisites. Mr. Stubbs is eligible to participate in certain programs offered by the Company, including automobile mileage reimbursement for business purposes plus a $500 per month automobile allowance, and a Christmas bonus equal to one week’s annual base salary.
