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EXHIBIT 10.2
SUMMARY OF MATERIAL TERMS OF CEO
AGREEMENT
Company and Paul G Anderson
(“CEO”) have agreed in principle to the following terms
of employment, subject to negotiation and execution of a definitive
agreement, to be effective as of September 1, 2005:
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1.
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Employer of
record: FCStone, LLC
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2.
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Term: Three
years until August 31, 2008, subject to termination by Company
for cause and by CEO for good reason. Employment at will
thereafter
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3.
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Position and
Duties: President and Chief Executive Officer of FCStone, LLC and
its parent company, FCStone Group, Inc. reporting to Board of
Directors. CEO shall also serve as an officer of such other
subsidiaries of FCStone Group, Inc., and shall have such other
duties, as the Board may direct.
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4.
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Covenant Not to
Compete: In force until August 31, 2008, during and after
employment.
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5.
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Compensation
and Benefits:
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A.
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Base
Salary . CEO shall be
paid a base salary of $350,000.00 per annum. CEO’s base
salary shall be reviewed annually by the Board of Director’s
and may be increased to fairly compensate CEO, but shall not be
decreased during the three year term ending August 31,
2008.
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B.
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CEO
Short-Term Incentive Bonus . CEO shall be
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