Employment Offer Letter between South Dakota Soybean Processors and Thomas J. Kersting
This agreement is an employment offer from South Dakota Soybean Processors to Thomas J. Kersting for the position of Merchant, reporting to the Commercial Manager, starting May 6, 1996, with a salary of $42,000 per year. The offer outlines eligibility for future incentive and benefits plans, provides for ten days of annual vacation, and lists recognized holidays. Performance reviews occur every six months, with annual salary reviews. Employment is at will, meaning either party can terminate the relationship at any time.
Exhibit 10.18
Employment Offer to Thomas Kersting
| Title: | Merchant |
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| Reporting to: | Commercial Manager |
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| Starting Date: | May 6, 1996 |
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| Starting Salary: | $42,000 per year. First month to be prorated based upon starting date. |
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| Incentive Plan: | Any incentive plan has yet to be established. Once established, you will be eligible to participate in accordance to the plan’s guidelines. |
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| Performance Review: | Performance Reviews will be conducted every six (6) months. Salary reviews will be conducted annually at the end of each fiscal year (August 31). |
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| Benefits: | Any employee benefits package has yet to be established. Once established you will become eligible to participate in accordance to each plan’s requirements. |
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| Holidays: | New Year’s Day, Easter, Memorial Day, Fourth of July, Labor Day, Thanksgiving, Christmas |
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| Vacation: | You will receive ten (10) days vacation per year (September 1 through August 31). |
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| Termination: | Employment is at will. |
I have read and understand that my signature below denotes my acceptance of this offer.
| SOUTH DAKOTA SOYBEAN PROCESSORS |
| CANDIDATE | ||||||||
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| By: | /s/ Rodney G. Christianson |
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| By: | /s/ Thomas J. Kersting |
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| Rodney G. Christianson |
| Thomas J. Kersting | ||||||||
| Chief Executive Officer |
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| Date: | 3/26/96 |
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| Date: | 5/20/96 |
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