SEC Contract Filing

Filing Date: 2015-02-27

Document Content:
<DOCUMENT>
<TYPE>EX-10.5
<SEQUENCE>2
<FILENAME>hubg-ex105_20141231513.htm
<DESCRIPTION>EX-10.5
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<p style="text-align:right;margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-size:9pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">EXHIBIT 10.5</p>
<p style="text-align:center;margin-top:12pt;margin-bottom:0pt;text-indent:0%;font-weight:bold;font-size:9pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;">Hub Group, Inc.</p>
<p style="text-align:center;margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-weight:bold;font-size:9pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;">Description of Executive Officer Cash Compensation</p>
<p style="text-align:center;margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-weight:bold;font-size:9pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;">For 2015</p>
<p style="margin-top:12pt;margin-bottom:0pt;text-indent:0%;font-size:9pt;font-weight:bold;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;"><font style="text-decoration:underline;">Annual Cash Compensation</font></p>
<p style="margin-top:6pt;margin-bottom:0pt;text-indent:0%;font-size:9pt;font-weight:bold;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;">Base Salary</p>
<p style="margin-top:6pt;margin-bottom:0pt;text-indent:3.33%;font-size:9pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Set forth below are the 2015 base salaries of the Chief Executive Officer and each of the four most highly compensated executive officers in 2014.&nbsp;&nbsp;The Company considers various factors in assigning executive officers to specific salary ranges, including job content, level of responsibility, accountability, and the competitive compensation market.&nbsp;&nbsp;On an annual basis, all executive officers&#8217; salaries are reviewed and adjusted to reflect individual performance and position within their respective ranges.</p>
<p style="margin-top:18pt;margin-bottom:0pt;text-indent:0%;font-size:9pt;font-weight:bold;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;">Bonus Plan</p>
<p style="margin-top:6pt;margin-bottom:0pt;text-indent:3.33%;font-size:9pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Executive officers are eligible for annual performance-based awards under the Company&#8217;s bonus plan, as are all salaried employees.&nbsp;&nbsp;For 2014, goals were weighted upon achievement of targeted levels of earnings per share and, for some executives, upon achievement of personal goals.&nbsp;&nbsp;The goals for 2015 will also be similarly weighted.</p>
<p style="margin-top:18pt;margin-bottom:0pt;text-indent:0%;font-size:9pt;font-weight:bold;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;">Restricted Stock </p>
<p style="margin-top:6pt;margin-bottom:0pt;text-indent:3.33%;font-size:9pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">The Company makes periodic grants of restricted stock to executive officers.&nbsp;&nbsp;The grants of restricted stock made in early 2015 vest in equal installments over a five year period beginning a year from the grant date.&nbsp;&nbsp;</p>
<p style="border-bottom:Solid 1.5pt;padding-bottom:1pt;margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-size:9pt;">&nbsp;</p>
<p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-size:9pt;">&nbsp;</p>
<p style="margin-top:3pt;margin-bottom:0pt;text-indent:0%;font-size:9pt;font-weight:bold;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;">David P. Yeager</p>
<p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-size:9pt;font-weight:bold;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;">Chairman and Chief Executive Officer</p>
<p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-size:10pt;">&nbsp;</p>
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