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Employment Agreement

 

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Title:

Employment Agreement

Entities:

Quality Distribution, Inc.

Date:

2004

Size:

Preview shows 6KB of 42KB total

Price:

$44

ID:

#1052810

 

 


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LOGO

 

EMPLOYMENT AGREEMENT

 

EMPLOYMENT AGREEMENT (this Agreement) dated as of the 3rd day of November, 2004, between QUALITY DISTRIBUTION, INC., a Delaware corporation (the Company), and Gary R. Enzor (the Executive).

 

The Executive and the Company wish to enter into an employment relationship on the terms and conditions set forth in this Agreement.

 

Accordingly, the Company and the Executive hereby agree as follows:

 

1. Employment, Duties and Acceptance.

 

1.1 Employment. The Company hereby agrees to employ the Executive for the Term (as defined in Section 2.1), to render exclusive and full-time services to the Company, in the capacity of Executive Vice President and Chief Operating Officer of the Company and to perform such other duties consistent with such position (including service as a director or officer of any affiliate of the Company if elected) as may be assigned by the Chief Executive Officer and President of the Company (the Chief Executive Officer). It is agreed and understood that the Executive shall resign as an officer of the Company immediately upon termination of his employment hereunder for any reason.

 

1.2 Duties and Authority. During the Term, the Executive shall serve as the Executive Vice President and Chief Operating Officer of the Company and shall have the normal duties, responsibilities, functions and authority of a chief operating officer as are customarily and ordinarily exercised by executives in similar positions in similar publicly held company of similar size in the United States, including but not limited to those on the position description attached hereto as Annex A, which is attached hereto and incorporated by reference herein, but subject to the power and authority of the Chief Executive Officer and the Companys Board of Directors (the Board) to expand or limit such duties, responsibilities, functions and authority, consistent with the foregoing and the position of Chief Operating Officer, and to overrule the actions of officers of the Company. During the Term, the Executive shall report to the Companys Chief Executive Officer.

 

1.3 Acceptance. The Executive hereby accepts such employment and agrees to render the services described above. During the Term, and consistent with the above, the Executive agrees to serve the Company faithfully and to the best of the Executives ability, to devote the Executives entire business time, energy and skill to such employment, and to use the Executives best efforts, skill and ability to promote the Companys interests. It is understood that, during the Term, subject to any conflict-of-interest policies of the Company and Section 5.1, the Executive may (x) serve in any capacity with any civic, charitable, educational or professional organization provided that such services does not interfere with his duties hereunder, (y) make and manage investments of his choice, and (z) with the prior written consent of the Chief Executive Officer, serve on the board of directors of up to one non-competing for-profit organization provided that such board service does not interfere with his duties hereunder.


1.4 Location. The duties to be performed by the Executive hereunder shall be performed primarily at the Companys offices in the Tampa, Florida area, subject to reasonable travel requirements consistent with the nature of the Executives duties from time to time on behalf of the Company.


 

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