Amendment, dated June 5, 2019, to Employment Agreement, dated February 9, 2016, between the registrant and Bradley S. Jacobs
EX-10.3 2 xpo2019q210-qexx103.htm EXHIBIT 10.3 Exhibit
AMENDMENT TO EMPLOYMENT AGREEMENT
This Amendment (the “Amendment”) to the Employment Agreement (the “Agreement”), dated February 9, 2016 between XPO Logistics, Inc. (the “Company”) and Bradley S. Jacobs (the “Executive”), is made and entered into as of June 5, 2019, by and between the Company and the Executive.
1.Exhibit A. Exhibit A to the Employment Agreement is hereby amended and restated in its entirety as set forth as Exhibit A hereto.
2. Except as expressly amended by this Amendment, all terms and conditions of the Agreement remain in full force and effect and are unmodified hereby.
[Signature page follows.]
IN WITNESS WHEREOF, the Executive and the Company have executed this Amendment as of the date first above written.
/s/ Bradley S. Jacobs
Bradley S. Jacobs
XPO LOGISTICS, INC.
By: /s/ Meghan Henson
Name: Meghan Henson
Title: Chief Human Resources Officer
BRADLEY S. JACOBS
February 9, 2016
Bradley S. Jacobs
Chief Executive Officer of the Company and Chairman and a member of the Board of Directors of the Company
Board of Directors of the Company
$1,000,000 (effective commencing June 5, 2019)
2015 Additional Bonus:
200% of Base Salary (it being understood that the Target Bonus for 2019 shall be calculated as 200% of Employee’s Base Salary at the rate in effect on December 31, 2019)
Employment Agreement dated as of November 21, 2011 and effective as of September 2, 2011, by and between the Company and Employee
Sections of Prior Agreement that survive with respect to Equity Compensation granted under the Prior Agreement:
Section 3(c) and 3(d)