Offer Letter Summary Between James River Group, Inc. and Gregg T. Davis
James River Group, Inc. has offered Gregg T. Davis the position of Executive Vice President–Finance as an at-will employee. Mr. Davis will receive a base salary of $275,000, may be eligible for discretionary bonuses as determined by the Board of Directors, and can participate in the company's executive benefit plans. The company also plans to enter into a formal employment agreement with Mr. Davis in the future.
EXHIBIT 10.1
SUMMARY OF OFFER LETTER BY AND BETWEEN
JAMES RIVER GROUP, INC. AND GREGG T. DAVIS
The Company extended an offer letter to Gregg T. Davis, an at-will employee and our Executive Vice President–Finance. Pursuant to the offer letter, Mr. Davis is paid a base salary of $275,000, is eligible to receive discretionary bonuses as the Board of Directors may determine and may participate in benefit plans generally available to executive employees. Pursuant to the offer letter, the Company intends to enter into an employment agreement with Mr. Davis.
