Attached files
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.