Document:

exh4_1.htm

    EXHIBIT
4.1(a)

    

    FIRST
AMENDMENT TO THE

    RIGHTS
AGREEMENT DATED AS OF JUNE 14, 2000

    BETWEEN
FROZEN FOOD EXPRESS INDUSTRIES, INC.

    AND
FLEET NATIONAL BANK, RIGHTS AGENT

    

    February
24, 2010

    

    This Amendment is adopted by FROZEN FOOD EXPRESS INDUSTRIES, INC.,
(the “Company”), a Texas Corporation, having its principal office in
Dallas, Texas

    

    RECITALS:

    WHEREAS, the Board has
previously approved the Rights Agreement dated as of June 14, 2000, between
Frozen Food Express Industries, Inc. and Fleet National Bank (the “Rights
Agreement”); and

    

    WHEREAS, the Company has
determined it to be desirable to adopt such amendment: and

    

    WHEREAS, the Company has the
power to amend the Rights Agreement pursuant to Section 27 (iii) of the Rights
Agreement;

    

    NOW THEREFORE, pursuant to
Section 27 (iii) of the Rights Agreement, the Rights Agreement is hereby amended
as follows, effective as specifically stated herein:

    

    Section
1 (u) of the Rights agreement shall be amended, effective February 24, 2010, to
be and read a follows:

    

    (u)  “Final Expiration Date”
shall mean June 13, 2013

    

    IN WITNESS WHEREOF, FROZEN FOOD
EXPRESS INDUSTRIES, INC. has caused this First Amendment to be executed
this 24th day of February ,2010, effective as specifically stated herein, by the
undersigned duly appointed and authorized officer.

     

                             FROZEN FOOD EXPRESS
INDUSTRIES, INC.

    

                                By: /s/Stoney M. Stubbs,
Jr.

                                   Name: Stoney M. Stubbs,
Jr

                                    Title:
Chairman and Chief
Executive Officerexh10_6.htm

    EXHIBIT 10.6 

    

    FOURTH
AMENDMENT TO THE

     

    FROZEN
FOOD EXPRESS INDUSTRIES, INC. 401(K) SAVINGS PLAN

     

    This
Amendment is adopted by FROZEN
FOOD EXPRESS INDUSTRIES, INC. (the “Company”), a Texas Corporation,
having its principal office in Dallas, Texas.

     

    R
e c i t a l s:

     

    WHEREAS, the Company has
previously established the Frozen Food Express Industries, Inc. 401(k) Savings
Plan, as amended and restated, effective January 1, 2007 (the “Plan”), for the
benefit of those employees who qualify thereunder and for their beneficiaries;
and

     

    WHEREAS, the Company desires
to amend the Plan to reflect the provisions of the Pension Protection Act of
2006;

     

    NOW, THEREFORE, pursuant to
Section 15.1 of the Plan, the Plan is hereby amended as follows, effective on
the dates set forth below:

     

    
      	
              1.  

            	
              Section
      11.5(b)(ii) of the Plan is hereby amended to be and read as follows,
      effective January 1, 2010:

            

    

     

     “(ii)                 Eligible Retirement
Plan.                                           An
eligible retirement plan is an individual retirement account described in Code
Section 408(a), an individual retirement annuity described in Code Section
408(b), an annuity plan described in Code Section 403(a), or a qualified trust
described in Code Section 401(a), that will accept the eligible rollover
distribution, as specified by the recipient; provided, however, that a recipient
who is a surviving spouse or a non-spouse
beneficiary may elect a direct rollover to an individual retirement
account or individual retirement annuity only. [copy balance of the
section]”

     

     

    
      	
              2.  

            	
              Section
      10.1(a)(i)(A) is amended to be and read as follows, effective June 1,
      2007:

            

    

    “(A)           
A distribution under the Plan is hereby deemed to be on account of an immediate
and heavy financial need of an Employee if the distribution is for one of the
following or any other item permitted under Regulation Section
1.401(k)-1(d)(3)(iii)(B):

     

    

     

    (a)           Expenses
for (or necessary to obtain) medical care that would be deductible under Code
Section 213(d) (determined without regard to whether the expenses exceed 7.5% of
adjusted gross income) for the Employee and members
of the Employee’s immediate family, which includes a spouse and children,
including non-custodial children, and, effective June 1, 2007,  the
primary designated beneficiary;

     

    

     

    (b)           Costs
directly related to the purchase of a principal residence for the Employee
(excluding mortgage payments);

     

    

     

    (c)           Payment
of tuition, related educational fees, and room and board expenses, for up to the
next twelve (12) months of post secondary education for the Employee, the
Employee's spouse, children, dependents (as defined in Code Section 152, and,
for taxable years beginning on or after January 1, 2005, without regard to Code
Section 152(b)(1), (b)(2), and (d)(1)(B)), and, effective June 1, 2007,
for the primary designated beneficiary;

     

    

     

    

    
      
         

      

      
         

        
          

        

      

      
         

      

    

     

    

     

    (d)           Payments
necessary to prevent the eviction of the Employee from the Employee's principal
residence or foreclosure on the mortgage on that residence;

     

    

     

    (e)           Effective
January 1, 2007, payments for burial or funeral expenses for the Employee's
deceased parent, spouse, children or dependents (as defined in Code Section 152,
and, for taxable years beginning on or after January 1, 2005, without regard to
Code Section 152(d)(1)(B)) and, effective June 1,
2007, for the primary designated beneficiary; or

     

    

     

    (f)           Effective
January 1, 2007, expenses for the repair of damage to the Employee's principal
residence that would qualify for the casualty deduction under Code Section 165
(determined without regard to whether the loss exceeds 10% of adjusted gross
income).”

     

    
      	
              3.  

            	
              New
      Section 10.1(f) is added to the Plan, to provide as
    follows:

            

    

     

    “(e)                 Effective
September 11, 2001, the Plan permits “Qualified Reservist
Distributions.”  A Qualified Reservist Distribution from the Plan is a
withdrawal of Savings Contributions by a person who, because he or she is a
member of a reserve component, was ordered or called to active duty for more
than 179 days (or for an indefinite period), and is made during the period that
begins on the date of the order or call to duty and ends at the close of the
active-duty period.”

     

    
      	
              4.  

            	
              New
      Section 4.9 is added to the Plan, to provide as
  follows:

            

    

    

     

    “Notwithstanding
any provision of this Article Four to the contrary, in determining the amount of
a corrective distribution of excess contributions, excess Savings Contributions,
and Excess Matching Contributions,  an adjustment for income for the
period between the end of the Plan Year and the date of the distribution (the
“gap period”) shall be made with respect to Plan Years beginning January 1, 2007
or earlier, in the manner specified in this Article Four.  No
adjustment for income (gain or loss) shall be made for gap period income with
respect to Plan Years beginning January 1, 2008 or later.”

     

    
      	
              5.  

            	
              All
      references in Article Eleven to a ninety (90)-day maximum notice period
      are amended to refer to one hundred eighty (180) days, with respect to any
      distribution notice issued on or after July 1,
  2008.

            

    

    

     

    IN WITNESS WHEREOF, FROZEN FOOD EXPRESS INDUSTRIES,
INC. has caused this Fourth Amendment to be executed this 31st day
of December, 2009, effective as of the dates set forth herein, by the
undersigned duly appointed and authorized officer.

     

    FROZEN
FOOD EXPRESS INDUSTRIES, INC.

     

    By: /s/Stoney M. Stubbs,
Jr.

     

    Name:
Stoney M. Stubbs,
Jr

     

    Title:
Chairman and Chief
Executive Officerexh10_17.htm

    EXHIBIT
10.17

     

    Compensation
Arrangements for Stoney M. Stubbs, Jr.

    January
1, 2009

    

    

    The
following is a summary of the compensation arrangement effective January 1,
2009, for Stoney M. Stubbs Jr. in his capacity as Chairman, President and Chief
Executive Officer of the Company. 

    

    Annual Base Salary. 
$408,770

    

    Annual and Long-Term Incentive
Compensation Plans. Participation in the Company’s Incentive Bonus Plan,
the 2005 Stock Incentive Plan and the 2005 Executive Bonus and Restricted Stock
Plan.

    

    Benefit Plans and Other
Arrangements. Mr. Stubbs is eligible to participate in the Company’s
broad-based programs including health, disability and life insurance programs,
the Frozen Food Express Industries, Inc. 401 (k) Savings Plan, and the FFE
Transportation Services, Inc. 401(k) Wrap Plan.  He was also eligible
to participate in the Key Employee Supplemental Medical Plan.

    

    Change in Control Agreements.
Mr. Stubbs and the Company entered into a Change in Control Agreement which
entitles executive officers severance benefits in the event of a “change in
control” of the Company during the term of his employment.

    

    Perquisites. Mr. Stubbs
is eligible to participate in certain programs offered by the Company, including
automobile mileage reimbursement for business purposes plus a $500 per month
automobile allowance and a Christmas bonus equal to one week’s annual base
salary.exh10_20.htm

    EXHIBIT
10.20

     

    Compensation
Arrangements for Timothy L. Stubbs

    January
25, 2010

    

    

    The
following is a summary of the compensation arrangement effective January 25,
2010 for Timothy L. Stubbs in his capacity as Vice President – Dedicated
Operations for FFE Transportation Services, Inc., a subsidiary of the
Company.

    

    Annual Base Salary.
$128,000

    

    Annual and Long-Term Incentive
Compensation Plans. Participation in the Company’s Incentive Bonus Plan,
the 2005 Stock Incentive Plan and the Managers Phantom Stock Plan.

    

    Benefit Plans and Other
Arrangements. Mr. Stubbs is eligible to participate in the Company’s
broad-based programs including health, disability and life insurance programs,
the Frozen Food Express Industries, Inc. 401 (k) Savings Plan, and the FFE
Transportation Services, Inc. 401(k) Wrap Plan.  He is also eligible to
participate in the Key Employee Supplemental Medical Plan.

    

    

    Perquisites. Mr. Stubbs is
eligible to participate in certain programs offered by the Company, including
automobile mileage reimbursement for business purposes plus a $500 per month
automobile allowance, and a Christmas bonus equal to one week’s annual base
salary.

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