Amendment to Employment Agreement between XPO Logistics, Inc. and Mario A. Harik

Contract Categories: Human Resources › Employment Agreements
Summary

This amendment updates the employment agreement between XPO Logistics, Inc. and Mario A. Harik, effective June 5, 2019. It revises Exhibit A to reflect Mr. Harik’s position as Chief Information Officer, his reporting line, and compensation details, including a base salary of $500,000 and a target bonus of 125% of base salary. All other terms of the original agreement remain unchanged. The amendment is signed by both parties and confirms the continued validity of the prior agreement’s equity compensation provisions.

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EX-10.5 4 xpo2019q210-qexx105.htm EXHIBIT 10.5 Exhibit
        

Exhibit 10.5
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 Mario A. Harik (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.
EXECUTIVE


/s/ Mario A. Harik                    
Mario A. Harik


XPO LOGISTICS, INC.

                
By: /s/ Meghan Henson                
Name: Meghan Henson
Title:     Chief Human Resources Officer




        

EXHIBIT A

MARIO A. HARIK
Start Date:
February 9, 2016
Employee:
Mario A. Harik
Position:
Chief Information Officer of the Company
Reporting Person:
President of the Company
Base Salary:
$500,000 (effective commencing June 5, 2019)
2015 Bonus:
$400,000
2015 Additional Bonus:
$900,000
Target Bonus:
125% of Base Salary (it being understood that the Target Bonus for 2019 shall be calculated as 125% of Employee’s Base Salary at the rate in effect on December 31, 2019)
Prior Agreement:
Employment Agreement effective as of March 14, 2014, 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 Section 3(d)