Modification to Employment Agreement between Quality Distribution, Inc. and Melissa Ernst
This agreement modifies the existing Employment Agreement between Quality Distribution, Inc. and Melissa Ernst, effective January 23, 2015. The main change is that Melissa Ernst will now be eligible, at the discretion of the Compensation Committee, to receive an annual equity award equal to 50% of her base salary. Both parties must sign this letter to confirm their acceptance of the updated terms.
Exhibit 10.2
Modification to Terms of Employment for Melissa Ernst
January 23, 2015
Dear Melissa:
The following will modify your Employment Agreement dated April 1, 2010, as amended (the Employment Agreement) with Quality Distribution, Inc. (the Company) effective as of the date set forth above (the Effective Date).
1. | Section 3.3 is amended by substituting the following for the first sentence thereof: |
The Executive shall be eligible at the discretion of the Compensation Committee, to receive an annual equity award, at target, equal to 50% of Executives base salary compensation.
The Company requests your signature and your subsequent delivery of this letter agreement to the Company to evidence confirmation of your understanding of, and agreement to, the above-described changes to the terms of your employment as of the Effective Date.
QUALITY DISTRIBUTION, INC. | ||
By: | ![]() | |
Gary R. Enzorb | ||
Chief Executive Officer |
Agreed to and accepted as of the date first written above.
By: | ![]() | |
Melissa Ernst |