OFFER OF EMPLOYMENTExecutive Employment Agreement |
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Donald Vrana | PBSJ CORP. RealDealDocs™ contains millions of easily searchable legal documents and clauses from top law firms. Search for free - click here. |
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EXHIBIT 10.1
October 3, 2005
Mr. Donald Vrana
5522 South 170th Street
Omaha, Nebraska 68135
Dear Don:
It is a real pleasure for me to extend an offer of employment to you. PBS&J takes great pride in our quality professional staff, and we can only sustain that reputation by attracting persons of your caliber into our firm. It is within that context that PBS&J wishes to extend the following:
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We offer you the position of Chief Financial Officer and Treasurer, working out of our Tampa office and reporting to me. Your reputation and experience, coupled with this positions duties and responsibilities also warrant that you be a Director and Officer in the company. As our CFO and Senior Vice President, your duties include but are not limited to: |
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The financial management of The PBSJ Corporation and subsidiaries, under the general guidance of the CEO and the Board of Directors |
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Directing Corporate Finance, overseeing treasury, accounting and collections function and responsible for accounts payable, financial controls and statements, compliance with SEC Regulations and the Sarbanes Oxley Act of 2002 and tax filings. |
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Overseeing Region and District financial administration throughout the company. |
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Strategic planning the capital budgeting and investment decision-making process. |
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Arranging external financing as well as managing financial risk and pension management. |
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Responsible for company-wide accounting policies and procedures complying with uniformly maintained accounting records consistent with GAAP, and in accordance with federal laws and regulations governing such practices and procedures. |
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We will nominate you as a member of the Board of Directors of the company at the earliest possible date. Board membership requires approval by the Board of Directors of PBS&J’s parent company, The PBSJ Corporation. |
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Your monthly salary will be $20,833.33 ($250,000 annualized.) Performance evaluations are conducted twice a year, with an annual review for salary increase in January of 2007. |
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PBS&J will pay a $50,000.00 cash hiring bonus (less tax obligations), payable in quarterly payments during your 1st year of employment. Company policy requires that the amount paid to you be repaid to the firm in the event you voluntarily terminate your employment within two years. |
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5. |
You will also receive a
stock bonus upon hire, which includes 5,000 shares of five (5) year
restricted stock. Last year’s value was $27.00 per share. We will
shortly be in the valuation process for Fiscal
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