Employment Term Sheet for Mr. Finkbiner as President of Pacer Stacktrain Division
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Summary
This agreement outlines the employment terms for Mr. Finkbiner as President of the Pacer Stacktrain division and Executive Vice President of Pacer International, Inc. He will receive a $300,000 annual salary, a bonus opportunity up to 50% of his salary based on company performance, and 50,000 stock options vesting over five years. If terminated without cause, he is entitled to 18 months of severance. Additional benefits include a monthly car allowance, 401(k), and health insurance as per company plans.
EX-10.1 2 rrd120767_13954.htm SUMMARY OF TERMS OF EMPLOYMENT ARRANGEMENTS WITH MR. FINKBINER Exhibit 10
Exhibit 10.1
Finkbiner Term Sheet
Title:
President of Pacer Stacktrain division(Executive Vice President, Wholesale Segment Group -- Pacer International, Inc.)
Location:
Ft. Worth, Texas and Concord, California.Base Salary:
$300,000 annually payable consistent with Pacer International pay periods.Bonus opportunity:
Up to 50% of base salary, contingent upon Pacer International reaching pre-determined EPS targets and Pacer wholesale segment companies achieving internal operating income goals, in accordance with Pacer performance bonus plan. Pacer International performance is a condition precedent to payment of any bonus.Stock options:
50,000 shares; vesting over 5 years from date of grant, strike price at date of grants; subject to Board approval.Severance:
18 months if terminated without cause.Company car:
$1100 monthly allowance.401(k):
As defined by overall Pacer International program.Health and other
insurance benefits:
As defined by overall Pacer International employee benefit plans.
