Employment Agreement between Reptron Electronics, Inc. and Christopher M. O'Brien (Vice President of Sales and Marketing)
Reptron Electronics, Inc. has offered Christopher M. O'Brien the position of Vice President of Sales and Marketing, starting February 20, 2006. The agreement outlines a weekly base salary, commission structure based on sales, reimbursement for mobile phone and business expenses, and eligibility for up to three weeks of vacation. Stock options may be granted in the future, pending shareholder approval. Employment is at-will, meaning either party can end it at any time. The agreement is effective only during O'Brien's employment and can only be changed in writing by an officer of the company.
Exhibit 10.1
Date: February 20, 2006
| Name | Christopher M. O’Brien | |
| Address | 10953 Alison Court | |
| City, State Zip | Inver Grove Heights, MN 55077 |
| RE: | Offer of Employment |
Dear Mr. O’Brien:
Reptron Manufacturing is pleased to offer you employment in accordance with the following terms and conditions:
| Title: | Vice President of Sales and Marketing | |
| Start Date: | February 20, 2006 | |
| Base Salary: | $ 2,500.00 per week, payable bi-weekly. | |
| Commission: | One quarter of one percent (0.25%) of total sales generated from the Tampa, Hibbing and Gaylord facilities in excess of $125 million annually. | |
| Calendar year 2006 commission to be the greater of $20,000 or the result of the calculation using the .25% multiplier prorated for the period of February 20, 2006 to December 31, 2006. | ||
| Mobile Phone: | Mobile phone expense reimbursement at a mutually agreed upon monthly amount. | |
| Other Expenses: | Business-related expenses (lunches, dinners, gasoline, tolls, etc.) are to be submitted weekly on expense reports. | |
| Vacation: | Upon hire, you will be eligible for up to three weeks vacation. | |
| Stock Options: | An appropriate number of stock options for this position will be granted at such time as Reptron receives shareholder authorization for option grants. The Company currently does not have authorized option grants to distribute and additional grants depend on future shareholder authorization. | |
| Term of Offer: | The terms and conditions of this offer are valid during your term of employment only. It is understood that employment with Reptron Manufacturing is “at will” and nothing in this “Offer of Employment” shall imply that employment is for any specified time. This constitutes the entire agreement between us as to the term of your employment, and no modifications of this agreement may be made without a written document, signed by an Officer of Reptron Electronics, Inc. | |
| Acceptance: | Please acknowledge acceptance of the terms of this offer by signing below and returning this offer. Kindly fax a signed copy of this offer to ###-###-####, attention Paul J. Plante. | |
| Signature: | /s/ Paul J. Plante |
Date : 02/22/2006
Paul J. Plante
President and Chief Executive Officer
Reptron Electronics, Inc.
| Signature: | /s/ Christopher M. O’Brien |
Date : 02/22/2006
Christopher M. O’Brien
