Employment Terms Agreement for Peggy C. Farra as Vice President Driver Recruitment and Safety at Transport Corporation of America, Inc.

Summary

This agreement outlines the employment terms for Peggy C. Farra as Vice President of Driver Recruitment and Safety at Transport Corporation of America, Inc. She will receive a base salary of $145,000 per year, an annual bonus of 30% of her salary based on business goals, and stock options that vest over four years. Additional benefits include three weeks of vacation, participation in the company benefit plan, and a leased vehicle valued up to $40,000. Change in control provisions apply as per the company's standard agreement.

EX-10.1 2 tca051913_ex10-1.htm Exhibit 10.1 to Transport Corporation of America, Inc., Form 10-Q, Dated: March 31, 2005

Exhibit 10.1

The following is a written description of the terms of employment of Peggy C. Farra, pursuant to Item 601(b)(10)(ii)(B) of Regulation S-K:


Title:			Vice President Driver Recruitment and Safety.

Base Salary:			$145,000 per year.

Annual Incentive Bonus:			30% of base salary, based on achieving specific business goals.

Stock Options:			Continued participation in current company program. Options to be granted commensurate
			with responsibilities at market price on date of grant, vesting over four years.

Vacation:			Three weeks per year.

Company Benefit Plan:			Based on current company program

Automobile:			Lease of up to $40,000 value vehicle.

Change in Control:			Pursuant to TCA form of Change in Control Agreement.