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Exhibit 10.3
February 4, 2005
Personal and
Confidential
Sean M. Gore
20111 Kindle Oaks Drive
Katy, Texas 77450
Dear Sean,
I am pleased to formalize this
offer of employment. As we discussed, the terms and
conditions of the offer are as follows:
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Company
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U.S. Concrete, Inc.
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Location
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OFRC, Houston, Texas
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Start Date
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February 15, 2005
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Position
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Director, Business Development
(reporting to Robert Hardy, CFO)
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Base Salary
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$175,000 per year, payable on a
semi-monthly basis.
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Annual Bonus
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Your target and maximum bonus
opportunities are 35% and 70%, respectively, of your annual base
salary. The annual bonus is based on overall company,
business unit and individual performance and is paid in the year
after it is earned, subject to Board approval. The bonus plan
is currently under review and it is possible the final target and
maximum bonus percentages will vary form the percentages specified
above.
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Restricted Stock
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You will receive 10,000 shares of
U.S. Concrete, Inc. restricted stock. The shares will
pro-rata vest over four years from the date of the grant, so long
as you are employed on each vesting date.
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Severance Pay
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Should you be terminated
involuntarily without cause, you will be eligible to receive
severance pay of up t
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