Document:

EX-10.5

 

 

Exhibit 10.5

September 1, 2004

Assaf Ginzburg

  23 Sharet St,

Bat-Yam, Israel 59503

Dear Assaf:

We are excited about your decision to join us at MAPCO Express. We are optimistic that the future
will be mutually beneficial.

Our team is committed to being a growing company that achieves superior financial results by
consistently growing our sales and controlling our expenses. Our commitment to, and strong belief
in the training, development and retention of performance-oriented team members will continue to
drive our success. We take great pride in our people and the value of teamwork.

We believe in being credible and doing what we say we are going to do. If you ever find this not to
be true, please tell any one of our Officers of the company and we will investigate the issue. We
believe in treating everyone with honesty, courtesy and respect. We embrace these values, which
help us to be a special company.

STARTING AND ELIGIBILITY DATES

We will attempt with this letter to answer some of the initial questions you may have. Per our
agreement, your start date will be October 1St 2004. Your agreed upon compensation will be
at an annualized equivalent rate of $110,000. The company is on a bi-weekly pay cycle and paychecks
are distributed every other Friday. Your beginning bi-weekly compensation is $4,230.77. You will be
classified as salary exempt. Your medical benefit effective date should you choose to elect
benefits will be October 1St 2004. Additionally, you are eligible for the Executive Team
Discretionary Bonus Program of up to 50% of your base pay. MAPCO EXPRESS will also provide a
vehicle and cover your first three months of rental expense. This is prorated your first year for
each month worked and paid in the spring of the following year. You must be actively employed in
good standing at the time bonuses are paid to qualify. Compensation and relocation agreements are
considered highly confidential, and discussion of bonuses or base pay should be with the Vice
President of HR or President. Discussion of confidential compensation matters, other than with the
individuals listed above, could result in disciplinary actions.

MAPCO has an excellent comprehensive medical and dental insurance plan. A benefits guide and
an enrollment form will be enclosed in your orientation packet. It is your responsibility to
return the enrollment form (must be received within 31 days of your hire date). If you choose not
to enroll during this time, you will have to wait until the next enrollment period. The enrollment
form will need to be sent to the MAPCO Express Payroll Department in Franklin, Tennessee.

Should you have any questions concerning insurance, please call the MAPCO Benefits Department
in Nashville at 615-771-6701 ext. 1117.

 

 

One of our many benefits is our 401K Plan. You will be eligible to participate in the plan on
October 1, 2005 assuming all other qualifiers are met. Our current matching rate is Dollar for
Dollar up to 6% of your total compensation.

Due top the extreme distance of your relocation we will provide you two round trip business class
tickets each year, in addition two weeks of paid time off and a rental car for your to return to
Israel each year.

Should our relation terminate for any reason beyond your control we will pay you additional
compensation equivalent to three (3) months base pay.

Enclosed are two copies of your offer letter, your employment information sheet. Please review,
sign, and return the extra copy of your offer letter in the self-addressed envelope provided. The
signed copy of the offer letter and the approval to the attached terms will constitute your
agreement, The signed copy will be placed in your employment file.

We are pleased at your decision to join our organization. We have a strong commitment to excellence
and to our people, and wish you much success in your new position as Vice President of Strategic
Planning.

Sincerely,

/s/

Tony McLarty

Vice President of Human Resources

Please note this offer is contingent upon successful completion of a pre-employment drug screen,
credit check, and background check .

I agree to the above terms of this offer of employment with MAPCO Express. I understand that this
does not constitute an employment contract for any specific term, and does not alter the at-will
nature of my employment with MAPCO Express.

	 	 	 	 	 	 	 
	 	 	 	 	 
	Signature

	 	 	 	 	 	Date
	 
	 	 	 	 	 	 
	Items to address:	 	Tamara’s insurance
	 	 	Relocation
	 	 	Back up for credit on Tamara’s auto leaseEX-10.6

 

 

Exhibit 10.6

May 25, 2005

Edward A. Morgan

CFO

MAPCO Express, Inc.

Dear Ed:

We are excited about your decision to accept the position of Chief Financial Officer. We are
optimistic that the future will be mutually beneficial.

Our team is committed to being a growing company that achieves superior financial results by
consistently growing our sales and controlling our expenses. Our commitment to, and strong belief
in the training, development and retention of performance-oriented team members will continue to
drive our success. We take great pride in our people and the value of teamwork.

We believe in being credible and doing what we say we are going to do. If you ever find this not to
be true, please tell any one of our Officers of the company and we will investigate the issue. We
believe in treating everyone with honesty, courtesy and respect. We embrace these values which help
us to be a special company.

Compensation Change

We will attempt with this letter to confirm our conversation about your future. Per our agreement,
your effective date of promotion to Chief Financial Officer will be December 13, 2004. Your agreed
upon compensation will be at an annualized equivalent rate of $150,000. Your bi-weekly compensation
is $5,769.23. Compensation and relocation agreements are considered highly confidential, and
discussion of bonuses or base pay should be with your VP of HR or President only. Discussion of
confidential compensation matters, other than with those individuals listed above, could result in
disciplinary actions.

You will be eligible for 20 working days of vacation per year effective 2005. The company will
provide you three months of Severance if your employment is terminated through no fault of your
own. In consideration of these items you agree to give the company thirteen weeks notice if you
elect to end your employment with us.

Enclosed are two copies of your offer letter, the signed copy of the offer letter and the approval
to the attached terms will constitute your agreement and will be placed in your employment file.

We are pleased at your decision to join our organization. We have a strong commitment to excellence
and to our people, and wish you much success in your new position.

 

 

Sincerely,

Tony McLarty

Vice President of Human Resources

I agree to the above terms of this change in my employment with MAPCO Express, I understand that
this does not constitute an employment contract for any specific term, and does not alter the
at-will nature of my employment with MAPCO Express.

	 	 	 	 	 	 	 	 	 
	/s/

	 	 	 	 	 	     5-25-2005
	 	 
	 	 	 	 	 	 	 
	Signature

	 	Edward A. Morgan
	 	 	 	DateEX-10.7

 

 

Exhibit 10.7

May 25, 2005

Frederec Green

Chief Operating Officer

Delek Refining

Dear Fred:

We are excited about your being a vital part of our team at Delek. We are optimistic that the
future will continue to be mutually beneficial. Your leadership is a vital part of our
organization.

Our team is committed to being a growing company that achieves superior financial results by
consistently growing our sales and controlling our expenses. Our commitment to, and strong belief
in the training, development and retention of performance-oriented team members will continue to
drive our success. We take great pride in our people and the value of teamwork.

We believe in being credible and doing what we say we are going to do. If you ever find this not to
be true, please tell any one of our Officers of the company and we will investigate the issue. We
believe in treating everyone with honesty, courtesy and respect. We embrace these values which help
us to be a special company.

Congratulations on your being named Chief Operating Officer for Delek Refining. You will be
classified as salary exempt. Additionally, you are eligible for the Management Bonus. Compensation
agreements are considered highly confidential, and discussion of bonuses or base pay should be with
the President or Chairman of Delek US Holdings.

The signed copy of this letter and the Board Resolution constitute your agreement. The signed copy
will be placed in your employment file.

You will be eligible for 20 working days of vacation per year effective 2006 and at least three
months of Severance if the company elects to terminate your employment through no fault of your
own. In consideration of these items you agree to give the company thirteen weeks notice if you
elect to end your employment with us.

We have a strong commitment to excellence and to our people, and wish you much continued success in
your position.

Sincerely,

Uzi Yemin

President

I agree to the above terms of this offer of employment with Delek Refining. I understand that this
does not constitute an employment contract for any specific term, and does not alter the at-will
nature of my employment with Delek Refining.

 

 

	 	 	 	 	 	 	 
	/s/ Frederec Green

	 	 	 	5/25/2005
	 	 
	 

	 	 	 	 	 	 
	Signature Frederec Green

	 	 	 	DateEX-10.8

 

 

Exhibit 10.8

Delek US Holdings, Inc.

Description of Director Compensation

     Each non-employee director of Delek US Holdings, Inc. (the “Company”) who is not affiliated
with Delek Group Ltd. will receive an annual fee of $25,000 and a fee of $1,500 per board meeting
attended in person. Members of the Board committees who are non-employee directors not affiliated
with Delek Group Ltd. will receive $1,000 per committee meeting attended in person. With respect
to both board meetings and committee meetings, each non-employee director who is not affiliated
with Delek Group Ltd. will receive 50% of such meeting fees when they participate in a board or
committee meeting by telephone or other remote means rather than in person. Non-employee directors
who are not affiliated with Delek Group Ltd. and who serve as the chairperson of the board or a
board committee shall receive an additional annual fee of $7,500 per year.

     Beginning in 2007, each non-employee director who is not affiliated with Delek Group Ltd. will
receive an annual grant of 3,000 stock options. In 2007, each such director will also receive a
grant of 1,500 restricted stock units. All stock options and restricted stock units will vest
ratably on each of the first, second, third and fourth anniversaries of the grant date.

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