Exhibit 10.5

 

	
TO:
    	
MARK MORANT
    
	
 
    	
 
    
	
FROM:
    	
VAL CHRISTENSEN
    
	
 
    	
 
    
	
SUBJECT:
    	
POSITION ASSIGNMENT LETTER
    
	
 
    	
 
    
	
DATE:
    	
JANUARY 12, 2011
    


 

The purpose of this memorandum is to outline the terms of your compensation arrangement for your new position of Energy Solutions (ES) President, Global Commercial Group).  Please review the summary below and sign at the bottom indicating your agreement with these terms.  Feel free to give me a call at (801) 649-2000 if you have questions about any of these items.

 

	
Position:
    	
 
    	
Energy Solutions (ES) President, Global   Commercial Group
    
	
 
    	
 
    	
 
    
	
Annual Base Compensation:
    	
 
    	
$475,000
    
	
 
    	
 
    	
 
    
	
Job grade:
    	
 
    	
E-5
    
	
 
    	
 
    	
 
    
	
Monthly Car Allowance:
    	
 
    	
$1,000
    
	
 
    	
 
    	
 
    
	
PTO Allowance:
    	
 
    	
25 Days (Does not include Company paid   Holidays)
    
	
 
    	
 
    	
 
    
	
Bonus:
    	
 
    	
80% of Annual Base Compensation at   achievement of Company’s adjusted EBITDA or other base bonus target   established annually by the Board of Directors. Bonus up to 120% of Annual   Base Compensation at achievement of 110% of Company’s adjusted EBITDA or   other base bonus target established by the Board of Directors. No bonus paid   when the annual achievement is below “cliff” percentage established by the   Board of Directors annual target.
    
	
 
    	
 
    	
 
    
	
Work Permits:
    	
 
    	
The Company will obtain your work permit(s).
    
	
 
    	
 
    	
 
    
	
Equity Grant:
    	
 
    	
As determined annually by the Board of   Directors
    
	
 
    	
 
    	
 
    
	
Other Benefits:
    	
 
    	
See Benefits Summary Addendum
    


 











 

	
Severance:
    	
 
    	
18 months of base salary plus reimbursement   for the cost of relocating you and your family to the U.K. pursuant to the   Company’s relocation program. This provision does not apply in the event you   resign voluntarily or if your employment is terminated for cause.
    
	
 
    	
 
    	
 
    
	
Living Allowance/ Relocation:
    	
 
    	
In recognition of the transatlantic   relocation, you will receive a lump-sum $100,000 cash relocation allowance in   lieu of ES covering costs of real estate representation, sales commissions   and fees and home closing costs connected with selling or purchasing a home.   Additionally, you will receive a transitional allowance of $100,000 per   annum, payable in equal installments on regularly scheduled pay dates for a   period of three (3) years.
    
	
 
    	
 
    	
 
    
	
Travel to the U.K.
    	
 
    	
The Company will cover air travel costs for   your immediate family members to return to your home in the U.K., but not to   exceed $18,000 per annum for a period of three (3) years.
    


 

 

	
/s/ Val Christensen
    	
 
    	
March 7, 2011
    
	
 
    	
 
    	
 
    
	
Val Christensen
    	
 
    	
Date
    
	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    
	
/s/ Mark Morant
    	
 
    	
March 7, 2011
    
	
 
    	
 
    	
 
    
	
Mark Morant
    	
 
    	
Date
    


 











 

Employee Benefits Addendum

 

	
Participation:
    	
 
    	
You will be eligible to participate   immediately in all of the following benefit plans.
    
	
 
    	
 
    	
 
    
	
Retirement Plan:
    	
 
    	
The EnergySolutions, LLC 401(k) Profit   Sharing Plan allows you to defer a portion of your salary into the plan   through payroll deduction. By law, the maximum amount you can contribute to   the plan is $22,000 ($16,500 plus $5,500 “catch-up contribution if age 50 or   over). Additionally, the Company can make a 1% discretionary contribution.
    
	
 
    	
 
    	
 
    
	
Medical Plan:
    	
 
    	
ES offers three medical plans for you and   your eligible dependents (spouse and children under age 26) with various   premiums and coverage levels. The attached Excel spreadsheet summarizes these   options.
    
	
 
    	
 
    	
 
    
	
Dental Plan:
    	
 
    	
The Company offers a dental plan for you and   your eligible dependents. You will be eligible to participate immediately.
    
	
 
    	
 
    	
 
    
	
Vision Plan:
    	
 
    	
The Company offers a vision plan for you and   your eligible dependents.
    
	
 
    	
 
    	
 
    
	
Life Insurance:
    	
 
    	
The Company automatically provides you with   $300,000 basic life insurance and $300,000 AD&D Insurance.
    
	
 
    	
 
    	
 
    
	
Supplemental Life Insurance:
    	
 
    	
You have the option of purchasing through   payroll deduction additional life insurance up to a maximum of $750,000. You   will need to complete an Evidence of Insurability form to obtain any amount   over $150,000.
    
	
 
    	
 
    	
 
    
	
Long-Term Disability:
    	
 
    	
You will be covered in the event of   long-term disability at an amount of 60% of your annual compensation to a   maximum of $10,000 monthly.
    


 











 

Please Contact Dean Lewis, VP of HR Operations at 803-758-1817 with any questions you have about your employee benefits package.