SDI, INC. 3220 TILLMAN DRIVE,SUITE 200 BENSALEM, PA 19020 ###-###-#### TEL ###-###-#### FAX WWW.SDI.COM August 9, 2004
Exhibit 10.10
SDI, INC.
3220 TILLMAN DRIVE, SUITE 200
BENSALEM, PA 19020
215 ###-###-#### TEL /215 ###-###-#### FAX
WWW.SDI.COM
August 9, 2004
Mr. Daniel Kearney
3 Mary Court
Glen Mills, Pennsylvania 19342
Dear Daniel,
I have outlined the offer for employment at SDI below. We are very excited about your joining our team.
Summary of Offer
| Position: |
| Vice President of Human Resources and General Counsel, SDI | |
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| Salary: |
| $175,000.00 base per year paid in regular bi-weekly installments. | |
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| Target Bonus: |
| 30% of base salary | |
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| Breakdown: | 60% corporate results |
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| 30% direct responsibility results |
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| 10% on MBOs |
| Severance: |
| 6 months | |
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| Benefits Package: |
| In accordance with SDI policy, you become eligible to participate in the benefits program on the first of the month following three months of employment. We will reimburse you for your health and dental insurance premiums until that time. | |
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| Performance Review: |
| April 1, 2005 | |
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| Start Date: |
| August 12, 2004 | |
This offer of employment is conditional upon the acceptance of the enclosed Employment Agreement and favorable results on a pre-employment drug screen, criminal and motor vehicle background checks. Also, please sign and return a copy of this letter along with the Employment Agreement.
I believe that with your talent and support, we will continue to grow an exciting and prosperous business. We know your leadership and experience will drive us to new heights.
Sincerely,
| /s/ Donald C. Woodring |
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| Donald C. Woodring | ||
| President & CEO | ||
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| DCW/jdf | ||
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| Accepted by: | ||
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| /s/ Daniel Kearney |
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| Daniel Kearney | ||
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| On this | 13th day of AUG 2004 | |
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