EX-10.1
from 8-K
~10
pages
You Will Be Paid a Base Salary in the Gross Amount of $500,000 Per Annum With an Annual Target Cash Bonus of 100% of Your Base Salary Within a Range of 0 to 200%. Your Bonus in Your First Year of Employment Will Be Guaranteed at 100%. in Order to Receive a Bonus You Must Be an Employee on the Date That Your Guaranteed Bonus Is Paid (September, 2007) Unless You Are Terminated for Reasons Other Than Cause or if Your Employment With Quanta Is Terminated as a Result of a Change in Control. in Addition, You Will Receive 100,000 Stock Options Effective on the Date That You Accept This Offer. Quanta Stock Options Are Seven Year Options and Become Exercisable in Four Equal Annual Increments During a Four Year Period Commencing on the First Anniversary of the Option Grant and Become Fully Vested and Exercisable on the Fourth Anniversary of the Grant. on Your First Day of Employment, You Will Be Eligible to Participate in Quanta’s Compensation Programs, Contributory Health, Dental, Life and 401 (K). This Includes Term Life Insurance of Three Times Your Base Salary to a Maximum of $1,000,000
12/34/56