Hub Group, Inc. Description of Executive Officer Cash Compensation For 2004 and 2005Executive Compensation Plan Agreement |
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Exhibit 10.18
Hub Group, Inc.
Description of
Executive Officer Cash Compensation
For 2004 and 2005
Annual Cash Compensation
Base Salary
Set forth below are the base salaries of the Chief Executive Officer and each of the four most highly compensated executive officers in 2004 and their increased annual base salary effective January 1, 2005. The Company considers various factors in assigning executive officers to specific salary ranges, including job content, level of responsibility, accountability, and the competitive compensation market. On an annual basis, all executive officers salaries are reviewed and adjusted to reflect individual performance and position within their respective ranges.
Bonus Plan
Executive officers are eligible for annual performance-based awards under the Companys bonus plan, as are all salaried employees. For 2004, goals were weighted upon achievement of targeted levels of earnings per share and, for some executives, upon achievement of personal goals. The goals for 2005 will also be weighted.
Restricted Stock
The Company makes periodic grants of restricted stock to executive officers. Grants of restricted stock have provided provided for vesting in three years after grant.
David P. Yeager
Vice Chairman and Chief Executive
Officer
| Base | |||
| 2004 | $504,000 | ||
| 2005* | $504,000 |






