Document:

Ex-10.101 Richard S. Francis Employment Agreement

 

Exhibit 10.101

EMPLOYMENT AGREEMENT

     THIS
AGREEMENT is made as of the 1st day of July 2004, by and between XRG G&A, INC., a Florida
corporation having its principal office located at 5301 Cypress Street Tampa, FL 33607 (hereinafter
“XRGA”), and Richard S. Francis, an individual residing in Allegheny County, Pennsylvania
(hereinafter “Executive”).

Witnesseth:

     XRGA desires to employ the Executive, and the Executive wishes to accept such employment with
XRGA, upon the terms and conditions set forth in this Agreement.

     Accordingly, in consideration of the foregoing and the respective covenants of the parties set
forth herein, the parties, intending to be legally bound, agree as follows:

     1. Employment. XRGA hereby employs the Executive and the Executive hereby accepts
employment by XRGA upon the terms and conditions hereinafter set forth. All previous employment
agreements or other terms and conditions of employment between XRGA and the Executive are hereby
terminated and are superseded by this Agreement.

     2. Term. Subject to the provisions of Paragraph 9 hereof, the term of the Executive’s
employment by XRGA under this Agreement shall commence on the date hereof and shall continue for a
term of five (5) years (“Original Term”). Expiration of the Original Term shall not prevent XRGA
from continuing the Executive’s employment beyond such expiration on such terms as may be mutually
satisfactory to XRGA and the Executive. The term of the Executive’s employment hereunder,
including any extension beyond the Original Term, is hereinafter referred to as the “Employment
Period”.

     3. Duties. The Executive shall be employed as the President of XRGA and shall have
such duties as are assigned or delegated to him from time to time by the Board of Directors of
XRGA. The Executive shall devote such time and attention during normal business hours to the
business of XRGA as determined by the Board of Directors of XRGA. Nothing herein, however, shall
prevent the Executive from engaging in additional activities in connection with personal
investments and community affairs that do not interfere or conflict with his duties hereunder.

     4. Base Compensation. The Executive shall be paid a salary at an annual rate of One
Hundred and Twenty Thousand Dollars ($120,000) during the Original Term, which shall be payable in
installments in accordance with XRGA customary payroll practices, but no less frequently than
bi-monthly. The salary to be paid during any extension of the Employment Period beyond the Original
Term will be as agreed to by XRGA and the Executive.

     5. Bonus. The Executive may participate in a bonus plan as determined by the XRGA
board of directors.

     6. Expenses. Subject to compliance by the Executive with such policies regarding
expenses and expense reimbursement as may be adopted from time to time by XRGA, the Executive is
authorized to incur reasonable expenses in the performance of his duties hereunder in furtherance
of the business and affairs of XRGA and XRGA will reimburse the Executive for all such reasonable
expenses, in all cases upon the presentation by the Executive of an itemized account satisfactory
to XRGA in substantiation of such expenses.

     7. Vacations. The Executive shall be entitled to paid vacations in accordance with
the policies of XRGA in effect, from time to time, as determined by the Board of Directors of XRGA;
but in any event, Executive shall be entitled to not less than two (2) weeks per year of paid
vacation.

     8. Other Employee Benefits. The Executive shall, during the Employment Period, be
eligible to participate in such pension, profit sharing, bonus, life insurance, hospitalization and
medical and other employee benefit plans of XRGA which may be in effect from time to time to the
extent he is eligible under the terms of those plans; provided, however, that the allocation of
benefits under any bonus or other plan which provides that allocations

 

 

thereunder shall be in the discretion of the Board of Directors of XRGA and shall be as determined
from time to time solely by the Board of Directors.

     9. Termination.

          (a) The Employment Period, the Executive’s compensation and any and all other rights of the
Executive under this Agreement or otherwise as an employee of XRGA shall terminate (except as to
compensation and rights accrued prior to the effective date of such termination): (i) upon the
death of the Executive; (ii) upon fourteen (14) days prior written notice by XRGA to Executive in
the event of the physical or mental disability of the Executive (as defined in Paragraph 9(b)
below); (iii) for Cause (as defined in Paragraph 9(c) below), immediately upon the giving of
written notice thereof by XRGA to the Executive, or at such later time as such notice may specify;
or (iv) without Cause at any time after the initial five-year term hereof, upon not less than sixty
(60) days’ prior written notice by either the Executive or XRGA to the other party and subject to
Paragraph 9(d) below.

          (b) For purposes of this Agreement, the Executive shall be deemed to have a “physical or
mental disability” if for medical reasons he has been unable to perform his duties for thirty (30)
consecutive days or ninety (90) days in any 12-month period, all as determined in good faith by a
physician mutually acceptable to Executive and the Board of Directors of XRGA.

          (c) For purposes of this Agreement, the term “Cause” shall be deemed to mean the Executive’s
conviction of any crime (felony or class 8 misdemeanors).

          (d) In the event the Employment Period is terminated by XRGA for any reason other than for
Cause or for the death or the physical or mental disability of the Executive, XRGA shall pay to the
Executive, as XRGA’s sole and exclusive obligation related to such termination, the compensation
and annual bonuses provided for in this Agreement as described in paragraphs 4,5,7, and 8, for a
five-year term, payable in a lump sum within 30 days of termination.

          (e) Executive may terminate his employment for good reason. For purposes of this Agreement,
“good reason” shall mean a failure by XRGA to comply with any material provision of this Agreement,
which failure is not cured within fourteen (14) days after a written notice of noncompliance has
been given by Executive to XRGA.

     10. Non-Disclosure Covenant. The Executive acknowledges that (i) during the
Employment Period and as a part of his employment, the Executive will be afforded access to
Confidential Information (as hereinafter defined); (ii) public disclosure of Confidential
Information could have a material adverse impact on XRGA, or on the other subsidiaries of XRG, Inc.
(hereinafter “XRG Companies”) and their respective businesses; (iii) the Executive possesses
substantial technical expertise and skill with respect to the business of the XRG Companies. The
Executive acknowledges that the provisions of this Section 10 are reasonable and necessary with
respect to the use of Confidential Information.

     As used in this Agreement, the term “Confidential Information” shall mean agency owner
operator or driver lists or information, inventions and improvements, ideas, plans, processes,
techniques, technology, customer lists, business methods, trade secrets as defined under applicable
law, and other information developed or acquired by or on behalf of the XRG Companies which relate
to or affect any aspect of the business of the XRG Companies. Confidential Information shall not
include information that becomes generally known to the public through no act of Executive in
breach of this Agreement.

     In consideration of the foregoing and of continued employment of the Executive by XRGA and the
compensation and benefits paid or provided, and to be paid or provided, to the Executive by XRGA,
the Executive hereby covenants and agrees as follows:

     Both during and after the Employment Period, the Executive shall not, without XRGA’s prior
written consent, disclose to any third party, or use for any purpose other than for the exclusive
benefit of the XRG Companies, any Confidential Information.

2

 

     The Executive agrees that disclosures made by the XRG Companies to governmental authorities,
to their customers or potential customers, to their suppliers or potential suppliers, to their
employees or potential employees, to their consultants or potential consultants or disclosures made
by the XRG Companies in any litigation or administrative or governmental proceedings shall not mean
that the matters so disclosed are available to the general public.

     The Executive shall not remove from the premises of the XRG Companies, except when appropriate
to the pursuit of their business, any document, record, notebook, plan, model, component, or
device. The Executive recognizes that, as between the XRG Companies and the Executive, all such
documents, records, notebooks, plans, models, components or devices, whether or not developed by
the Executive, are the exclusive property of the XRG Companies. In the event of termination of the
Executive’s employment with XRGA, or upon the earlier request of any of the XRGA Companies during
the Employment Period, the Executive shall return to the XRGA Companies all documents, records,
notebooks. plans, models, components. and devices in the Executive’s possession or subject to the
Executive’s control. The Executive shall not retain any copies, abstracts, sketches or other
physical embodiment of any such document, record, notebook, plan, model, component or device. The
Executive agrees that all agency or brokerage business introduced to any XRG Companies by either
the Executive or any associate or employee introduced by the Executive and which the Employee’s
compensation is derived, shall remain the property of any XRG Companies as long as the Employee is
being compensated by any XRG Companies. including any severance compensation.

     11. Injunctive Relief. The Executive acknowledges that the damages that would be
suffered by the XRG Companies as a result of a breach of the provisions of Section 10 of this
Agreement may not be calculable, and that an award of a monetary judgment to any of the XRG
Companies for such a breach would be an inadequate remedy. Consequently, any of the XRG Companies
shall have the right. in addition to any other rights it may have, to obtain, in any court of
competent jurisdiction, injunctive relief to restrain any breach or threatened breach hereof or
otherwise to specifically enforce any of the provisions of this Agreement and such company shall
not be obligated to post bond or other security in seeking such relief.

     12. Definition of “person”. The term “person” shall mean any individual,
corporation, firm. association, partnership, limited liability company or other legal entity or
other form of business organization.

     13. Compliance with Other Agreements. The Executive represents and warrants that the
execution and delivery by the Executive of this Agreement and the performance by the Executive of
his obligations hereunder will not, with or without the giving of notice or the passage of time, or
both, (i) violate any judgment, writ, injunction or order of any court, arbitrator or governmental
agency applicable to the Executive; or (ii) conflict with, result in the breach of any provisions
of or the termination of, or constitute a default under, any agreement to which the Executive is a
party or by which he is or may be bound.

     14. Waiver of Breach. The waiver by any party hereto of a breach of any provision of
this Agreement shall not operate or be construed as a waiver of any subsequent breach.

     15. Binding Effect: Benefits. This Agreement shall inure to the benefit of, and shall
be binding upon. the parties hereto and their respective successors, assigns, heirs and legal
representatives, including, without limitation. any entity with which XRGA may merge or consolidate
or to which it may transfer all or substantially all of its assets. Insofar as the Executive is
concerned, this Agreement, being personal, may not be assigned.

     16. Notices. All notices and other communications which are required or may be given
under this Agreement shall be in writing and shall be deemed to have been duly given when delivered
in person or three (3) days after being mailed by registered or certified first class mail, postage
prepaid.

     17. Entire Agreement: Amendments. This Agreement contains the entire agreement of the
parties with respect to the subject matter hereof and supersedes all prior agreements and
understandings, oral or written. between the parties hereto with respect to the subject matter
hereof. This Agreement may not be changed orally, but only by an agreement in writing signed by
the party against whom any waiver, change, amendment, modification or discharge is sought.

3

 

     18. Severability. If any provision or provisions of this Agreement shall be declared
invalid or unenforceable, any such provision or provisions shall be deemed severed from the
remainder of the provisions contained herein which shall otherwise remain in full force and effect.

     19. Governing Law: Consent to Jurisdiction. This Agreement shall be governed by and
construed in accordance with the laws of the State of Florida without giving effect to the
principles of conflicts of law thereof. The Executive hereby submits to the jurisdiction and venue
of the Circuit Court of the State of Florida for the County of Hillsborough or the United States
District Court for the Middle District of Florida, Tampa Division, for purposes of any legal action
related hereto. The Executive agrees that service upon him in any such action may be made by first
class mail, certified or registered.

     20. Dispute Resolution. Any dispute, controversy or claim arising out of or relating
to this Agreement shall be settled by arbitration by the American Arbitration Association (“AAA”)
in accordance with the then current rules in effect governing arbitration of such matters. The
arbitration shall be conducted in Tampa, Florida by three (3) independent and impartial
arbitrators. The award rendered by the arbitrators shall be final and a judgment may be entered
upon it according to applicable law in any court having jurisdiction. The arbitrators shall, in
the award. allocate the costs and expenses of the arbitration, including AAA fees and expenses,
arbitrator compensation and expenses, the cost of any court reporter or stenographer employed by
the parties and the reasonable attorneys’ fees and expenses of the parties.

     IN WITNESS WHEREOF, the parties have caused this Agreement to be executed as of the date above
first written.

	 	 	 	 	 	 	 
	R&R Express Intermodal, INC.	 	 	 	EXECUTIVE:
	a Florida corporation	 	 	 	 
	 
	 	 	 	 	 	 
	By:
	 	 	 	 	 	 
	 

	 	 
	 	 	 	 
	Title:
	 	 	 	 	 	 
	 

	 	 	 	 	 	 

4Ex-10.102 Richard S. Francis Employment Agreement

 

Exhibit 10.102

EMPLOYMENT AGREEMENT

     THIS AGREEMENT is made as of the 1st day of July 2004, by and between R&R Express Intermodal,
INC., a Florida corporation having its principal office located at 5301 Cypress Street Tampa, FL
33607 (hereinafter “R&RI”), and Richard S. Francis, an individual residing in Allegheny County,
Pennsylvania (hereinafter “Executive”).

Witnesseth:

     R&RI desires to employ the Executive, and the Executive wishes to accept such employment with
R&RI, upon the terms and conditions set forth in this Agreement.

     Accordingly, in consideration of the foregoing and the respective covenants of the parties set
forth herein, the parties, intending to be legally bound, agree as follows:

     1. Employment. R&RI hereby employs the Executive and the Executive hereby accepts
employment by R&RI upon the terms and conditions hereinafter set forth. All previous employment
agreements or other terms and conditions of employment between R&RI and the Executive are hereby
terminated and are superseded by this Agreement.

     2. Term. Subject to the provisions of Paragraph 9 hereof, the term of the Executive’s
employment by R&RI under this Agreement shall commence on the date hereof and shall continue for a
term of five (5) years (“Original Term”). Expiration of the Original Term shall not prevent R&RI
from continuing the Executive’s employment beyond such expiration on such terms as may be mutually
satisfactory to R&RI and the Executive. The term of the Executive’s employment hereunder,
including any extension beyond the Original Term, is hereinafter referred to as the “Employment
Period”.

     3. Duties. The Executive shall be employed as the President of R&RI and shall have
such duties as are assigned or delegated to him from time to time by the Board of Directors of
R&RI. The Executive shall devote such time and attention during normal business hours to the
business of R&RI as determined by the Board of Directors of R&RI. Nothing herein, however, shall
prevent the Executive from engaging in additional activities in connection with personal
investments and community affairs that do not interfere or conflict with his duties hereunder.

     4. Base Compensation. The Executive shall be paid a salary at an annual rate of
Thirty-five Thousand Dollars ($35,000) during the Original Term, which shall be payable in
installments in accordance with R&RI customary payroll practices, but no less frequently than
bi-monthly. The salary to be paid during any extension of the Employment Period beyond the
Original Term will be as agreed to by R&RI and the Executive.

     5. Bonus. The Executive may participate in a bonus plan as determined by the R&RI
board of directors.

     6. Expenses. Subject to compliance by the Executive with such policies regarding
expenses and expense reimbursement as may be adopted from time to time by R&RI, the Executive is
authorized to incur reasonable expenses in the performance of his duties hereunder in furtherance
of the business and affairs of R&RI and R&RI will reimburse the Executive for all such reasonable
expenses, in all cases upon the presentation by the Executive of an itemized account satisfactory
to R&RI in substantiation of such expenses.

     7. Vacations. The Executive shall be entitled to paid vacations in accordance with
the policies of R&RI in effect, from time to time, as determined by the Board of Directors of R&RI;
but in any event, Executive shall be entitled to not less than two (2) weeks per year of paid
vacation.

     8. Other Employee Benefits. The Executive shall, during the Employment Period, be
eligible to participate in such pension, profit sharing, bonus, life insurance, hospitalization and
medical and other employee benefit plans of R&RI which may be in effect from time to time to the
extent he is eligible under the terms of those plans; provided, however, that the allocation of
benefits under any bonus or other plan which provides that allocations

 

 

thereunder shall be in the discretion of the Board of Directors of R&RI and shall be as determined
from time to time solely by the Board of Directors.

     9. Termination.

          (a) The Employment Period, the Executive’s compensation and any and all other rights of the
Executive under this Agreement or otherwise as an employee of R&RI shall terminate (except as to
compensation and rights accrued prior to the effective date of such termination): (i) upon the
death of the Executive; (ii) upon fourteen (14) days prior written notice by R&RI to Executive in
the event of the physical or mental disability of the Executive (as defined in Paragraph 9(b) ,
below); (iii) for Cause (as defined in Paragraph 9(c) below), immediately upon the giving of
written notice thereof by R&RI to the Executive, or at such later time as such notice may specify;
or (iv) without Cause at any time. after the initial five-year term hereof, upon not less than
sixty (60) days. prior written notice by either the Executive or R&RI to the other party and
subject to Paragraph 9(d) below:

          (b) For purposes of this Agreement, the Executive shall be deemed to have a “physical or
mental disability” if for medical reasons he has been unable to perform his duties for thirty (30)
consecutive days or ninety (90) days in any 12-month period, all as determined in good faith by a
physician mutually acceptable to Executive and the Board of Directors of R&RI.

          (c) For purposes of this Agreement, the term “Cause” shall be deemed to mean the Executive’s
conviction of any crime (felony or class 8 misdemeanors),

          (d) In the event the Employment Period is terminated by R&RI for any reason other than for
Cause or for the death or the physical or mental disability of the Executive, R&RI shall pay to the
Executive, as R&RI’s ‘sole and exclusive obligation related to such termination, the compensation
and annual bonuses provided for in this Agreement as described in paragraphs 4,5,7, and 8, for a
five-year term, payable in a lump sum within 30 days of termination.

          (e) Executive may terminate his employment for good reason. For purposes of this Agreement,
“good reason” shall mean a failure by R&RI to comply with any material provision of this
Agreement, which failure is not cured within fourteen (14) days after a written notice of
noncompliance has been given by Executive to R&RI.

     10. Non-Disclosure Covenant. The Executive acknowledges that (i) during the
Employment Period and as a part of his employment, the Executive will be afforded access to
Confidential Information (as hereinafter defined); (ii) public disclosure of Confidential
Information could have a material adverse impact on R&RI, or on the other subsidiaries of XRG, Inc.
(hereinafter “XRG Companies”) and their respective businesses; (iii) the Executive possesses
substantial technical expertise and skill with respect to the business of the XRG Companies. The
Executive acknowledges that the provisions of this Section 10 are reasonable and necessary with
respect to the use of Confidential Information.

     As used in this Agreement, the term “Confidential Information” shall mean agency owner
operator or driver lists or information, inventions and improvements, ideas, plans, processes,
techniques, technology, customer lists, business methods, trade secrets as defined under applicable
law, and other information developed or acquired by or on behalf of the XRG Companies which relate
to or affect any aspect of the business of the XRG Companies. Confidential Information shall not
include information that becomes generally known to the public through no act of Executive in
breach of this Agreement

     In consideration of the foregoing and of continued employment of the Executive by R&RI and the
compensation and benefits paid or provided, and to be paid or provided, to the Executive by R&RI,
the Executive hereby covenants and agrees as follows:

     Both during and after the Employment Period, the Executive shall not, without R&RI’s prior
written consent, disclose to any third party, or use for any purpose other than for the exclusive
benefit of the XRG Companies, any Confidential Information.

2

 

     The Executive agrees that disclosures made by the XRG Companies to governmental authorities,
to their customers or potential customers, to their suppliers or potential suppliers, to their
employees or potential employees, to their consultants or potential consultants or disclosures made
by the XRG Companies in any litigation or administrative or governmental proceedings shall not mean
that the matters so disclosed are available to the general public.

     The Executive shall not remove from the premises of the XRG Companies, except when appropriate
to the pursuit of their business, any document, record, notebook, plan, model, component, or
device. The Executive recognizes that, as between the XRG Companies and the Executive, all such
documents, records, notebooks, plans, models, components or devices; whether or not developed by
the Executive, are the exclusive property of the XRG Companies. In the event of termination of the
Executive’s employment with R&RI, or upon the earlier request of any of the R&RI Companies during
the Employment Period, the Executive shall return to the R&RI Companies all documents, records,
notebooks, plans, models, components, and devices in the Executive’s possession or subject to the
Executive’s control. The Executive shall not retain any copies, abstracts, sketches or other
physical embodiment of any such document, record, notebook, plan, model, component or device. The
Executive agrees that all agency or brokerage business introduced to any XRG Companies by either
the Executive or any associate or employee introduced by the Executive and which the Employee’s
compensation is derived, shall remain the property of any XRG Companies as long as the Employee is
being compensated by any XRG Companies, including any severance compensation.

     11. Injunctive Relief. The Executive acknowledges that the damages that would be
suffered by the XRG Companies as a result of a breach of the provisions of Section 10 of this
Agreement may not be calculable, and that an award of a monetary judgment to any of the XRG
Companies for such a breach would be an inadequate remedy. Consequently, any of the XRG Companies
shall have the right, in addition to any other rights it may have, to obtain, in any court of
competent jurisdiction, injunctive relief to restrain any breach or threatened breach hereof or
otherwise to specifically enforce any of the provisions of this Agreement and such company shall
not be obligated to post bond or other security in seeking such relief.

     12. Definition of “person”. The term “person” shall mean any individual, corporation,
firm, association, partnership, limited liability company or other legal entity or other form of
business organization.

     13. Compliance with Other Agreements. The Executive represents and warrants that the
execution and delivery by the Executive of this Agreement and the performance by the Executive of
his obligations hereunder will not, with or without the giving of notice or the passage of time, or
both, (i) violate any judgment, writ, injunction or order of any court, arbitrator or governmental
agency applicable to the Executive; or (Ii) conflict with, result in the breach of any provisions
of or the termination of, or constitute a default under, any agreement to which the Executive is a
party or by which he is or may be bound.

     14. Waiver of Breach. The waiver by any party hereto of a breach of any provision of
this Agreement shall not operate or be construed as a waiver of any subsequent breach.

     15. Binding Effect Benefits. This Agreement shall inure to the benefit of, and shall
be binding upon, the parties hereto and their respective successors, assigns, heirs and legal
representatives, including, without limitation, any entity with which R&RI may merge or consolidate
or to which it may transfer all or substantially all of its assets. Insofar as the Executive is
concerned, this Agreement, being personal, may not be assigned,

     16. Notices. All notices and other communications which are required or may be given
under this Agreement shall be in writing and shall be deemed to have been duly given when delivered
in person or three (3) days after being mailed by registered or certified first class mail, postage
prepaid.

     17. Entire Agreement: Amendments. This Agreement contains the entire agreement of the
parties with respect to the subject matter hereof and supersedes all prior agreements and
understandings, oral or written, between the parties hereto with respect to the subject matter
hereof. This Agreement may not be changed orally, but only by an agreement in writing signed by
the party against whom any waiver, change, amendment, modification or discharge is sought.

3

 

     18. Severability. If any provision or provisions of this Agreement shall be declared
invalid or unenforceable, any such provision or provisions shall be deemed severed from the
remainder of the provisions contained herein which shall otherwise remain in full force and effect.

     19. Governing Law: Consent to Jurisdiction. This Agreement shall be governed by and
construed in accordance with the laws of the State of Florida without giving effect to the
principles of conflicts of law thereof. The Executive hereby submits to the jurisdiction and venue
of the Circuit Court of the State of Florida for the County of Hillsborough or the United States
District Court for the Middle District of Florida, Tampa Division, for purposes of any legal action
related hereto. The Executive agrees that service upon him in any such action may be made by first
class mail, certified or registered.

     20. Dispute Resolution. Any dispute, controversy or claim arising out of or relating
to this Agreement shall be settled by arbitration by the American Arbitration Association (“AAA”)
in accordance with the then current. rules in effect governing arbitration of such matters. The
arbitration shall be. conducted in Tampa, Florida by three (3) independent and impartial
arbitrators. The award rendered by the arbitrators shall be final and a judgment may be entered
upon it according to applicable law in any court having jurisdiction. The arbitrators shall, in
the award, allocate the costs and expenses of the arbitration, including AAA fees and expenses,
arbitrator compensation and expenses, the cost of any court reporter or stenographer employed by
the parties and the reasonable attorneys’ fees and expenses of the parties.

     IN WITNESS WHEREOF, the parties have caused this Agreement to be executed as of the date above
first written.

	 	 	 	 	 	 	 
	R&R Express Intermodal, INC.	 	 	 	EXECUTIVE:
	a Florida corporation	 	 	 	 
	 
	 	 	 	 	 	 
	By:
	 	 	 	 	 	 
	 

	 	 
	 	 	 	 
	Title:
	 	 	 	 	 	 
	 

	 	 	 	 	 	 

4

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