Bonus Compensation Arrangement between U.S. Concrete, Inc. and Cesar Monroy
U.S. Concrete, Inc. agreed to pay Cesar Monroy, its Vice President of Finance, a $25,000 bonus upon the successful completion of the company's debt refinancing. The refinancing was completed in March 2004, and Mr. Monroy received the agreed bonus in May 2004. This arrangement outlines the terms and fulfillment of the bonus payment for Mr. Monroy's role in the refinancing process.
Exhibit 10.24
Bonus Compensation Arrangement between U.S. Concrete, Inc. and Cesar Monroy
U.S. Concrete, Inc. (the “Company”) agreed with Cesar Monroy, the Company’s Vice President – Finance, in 2003 to pay him a $25,000 bonus upon completion of refinancing of the Company’s debt. The Company completed the refinancing of its debt in March 2004, and paid Mr. Monroy the pre-arranged $25,000 bonus in May 2004.
