Leading Non-Asset Based, Customized Less-than-Truckload Services. Based on our research, we believe we are the largest non-asset based provider of customized less-than-truckload services in North America in terms of revenue. We believe our point-to-point less-than-truckload model allows us to offer faster transit times with lower incidence of damage, providing us with a distinct competitive advantage over asset-based less-than-truckload carriers employing the traditional hub and spoke model. In addition, we believe our variable cost structure and the utilization of our dedicated independent contractor base positions us to maintain consistent operating margins during periods of economic decline or tightening industry capacity

EX-10.13 12 c55423a3exv10w13.htm EX-10.13 exv10w13
Exhibit 10.13
[RRTS LETTERHEAD]
Scott L. Dobak
4900 S. Pennsylvania Ave.
Cudahy, Wisconsin 53110
     Re:         Employment Terms
Dear Scott:
     The purpose of this letter is to set forth the Employment Terms regarding your employment by Roadrunner Transportation Services Holdings, Inc., a Delaware corporation (the “Company”) and you as the (“Executive”).
  1.   Duties. You shall continue as the Vice President — Sales and Marketing of the Company.
 
  2.   Term. Executive shall be employed subject to the election of both parties.
 
  3.   Compensation. Executive’s current base salary shall be $250,000 per annum, which may be increased from time to time in the discretion of the board of directors of the Company.
 
  4.   Executive Bonus. Executive will be eligible to participate in the Company’s 2008 Management Bonus Plan and to receive awards under the Company’s 2008 Incentive Compensation Plan.
 
  5.   Benefits. Executive will receive all benefits, including health insurance, as granted to other senior executives of the Company. The Company will agree to pay all cost for health insurance for Executive and Executive’s family.
 
  6.   Vacation. Executive shall be entitled to paid vacation in accordance with the Company’s vacation policy for executive officers.
 
  7.   Termination. It is agreed that Executive is employed at will and may be terminated with or without Cause at any time upon ninety (90) days prior written notice.
 
  8.   Severance. In the event Executive’s employment is terminated by the Company for any reason other than for Cause (or if you terminate your employment with Good Reason), the Company shall continue to pay the Executive his current base salary (as in effect on the date hereof and in accordance with the Company’s normal bi-monthly payroll practices) for a period of nine (9) months following the effective date of Executive’s termination of employment. During such nine-month period, the Executive and/or the Executive’s family, as the case may be, shall be eligible for participation in and shall receive all benefits under welfare benefit plans, practices, policies, and programs provided by the Company (including medical and group life plans and programs) as of the date hereof. In no event shall the Executive be obligated to seek other employment or take any other action by way of mitigation of the amounts payable to the Executive pursuant to this letter agreement. For purposes of this letter agreement, “Cause” and “Good Reason” shall have the definitions given to them in the Executive’s Stock Option and Shareholders’ Agreement with the Company, dated January 29, 2007.
 
  9.   Change of Control. If, during the one-year period following a Change of Control, the Company shall terminate the Executive’s employment other than for Cause, the

 


 

      Company shall pay Executive the amounts set forth in paragraph 8 above. For the purpose of this letter agreement, a “Change of Control” shall mean:
     (i) The acquisition, at any time after the date hereof, by any person, entity, or “group”, within the meaning of Section 13(d)(3) or 14(d)(2) of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), of beneficial ownership (within the meaning of Rule 13d-3 promulgated under the Exchange Act) of 20% or more of either the then outstanding shares of common stock or the combined voting power of the then outstanding voting securities of the Company entitled to vote generally in the election of directors; or
     (ii) The eight (8) individuals who, as of the date hereof, constitute the Board of Directors of the Company (as of the date hereof the “Incumbent Board”) cease for any reason to constitute at least a majority of Company’s Board of Directors; provided that any person becoming a director subsequent to the date hereof whose election, or nomination for election by the Company’s stockholders, was approved by a vote of at least a majority of the directors then comprising the Incumbent Board shall be, for purposes of this letter agreement, considered as though such person were a member of the Incumbent Board; or
     (iii) Approval by the stockholders of the Company of (1) a reorganization, merger, or consolidation with respect to which persons who were the stockholders of the Company immediately prior to such reorganization, merger, or consolidation do not, immediately thereafter, own more than 50% of the combined voting power entitled to vote generally in the election of directors of the reorganized, merged, or consolidated company’s (or entity’s) then outstanding voting securities in substantially the same proportions as their ownership immediately prior to such reorganization, merger, or consolidation, (2) a liquidation or dissolution of the Company, or (3) the sale of all or substantially all of the assets of the Company, unless the approved reorganization, merger, consolidation, liquidation, dissolution, or sale is subsequently abandoned.
  10.   Confidentiality, Non-Competition, and Non-Solicitation. The Company’s obligation to pay severance amounts under paragraph 8 above is subject to (i) the Executive’s compliance with any confidentiality, non-competition, and non-solicitation agreements with the Company; and (ii) the Executive’s execution and delivery to the Company of a release, in form and substance reasonably acceptable to the Executive and the Company.
 
  11.   Governing Law. This Agreement shall be governed by the laws of the State of Delaware.
Remainder of Page Intentionally Left Blank

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     If you agree with the foregoing, please execute in the space provided below. By executing this letter agreement, you are also acknowledging and agreeing to the termination of your previous employment letter, dated January 5, 2007. We look forward to continuing a long and rewarding relationship.
         
  ROADRUNNER TRANSPORTATION SERVICES HOLDINGS, INC.
 
 
  By:   /s/ Mark A. DiBlasi    
    Mark A. DiBlasi   
    Chief Executive Officer   
 
         
     
  By:   /s/ Scott L. Dobak    
    Scott L. Dobak   
    Executive   
 

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