EX-10.36
from 10-K
4 pages
Job Title: Chief Human Resource Officer. This Position Is Based in Our New Albany, Ohio Headquarters Facility. Start or Effective Date: August 30, 2021 or a Mutually Agreeable Alternative Date. Reports To: Harold Bevis, President and Chief Executive Officer Salary: $347,000, Annualized. This Is a Salaried Exempt Position as Defined by the Fair Labor Standards Act. Performance Review: Management Performance Bonus: Signing Incentives Vacation: Annually, Expected in the First Quarter. Increases Are Considered at That Time Each Year but Are Not Guaranteed. You Will Be Eligible for a Discretionary Annual Incentive Award Targeted at 50% of Your Base Salary. the Current Aip Metrics Are Exclusively Financial in Nature. Annual Payouts May Range From 0% - 200% Depending on Performance Versus Plan. Your 2021 Bonus Opportunity Will Be No Less Than Target on a Full Year Basis. in Connection With the Walk-Away Value of Your Current Long Term Compensation Incentives With Your Current Employer, You Will Receive Signing Incentives Valued at $300,000. Such Incentives Will Be Denominated in the Form of a Restricted Stock Grant on or About 30 Days From Your Start Date, With Pro-Rata Vesting to Coincide With the Vesting of the Lti Schedule at Your Current Employer. the Stock Price Used to Determine the Number of Shares Issued Will Be the Closing Price of CVGI Shares on the Grant Date. the Initial Value of These Incentives Is Recoverable if You Resign or Are Terminated for Cause Within 18 Months of the Grant. the Amount Recoverable Will Be Equal to 1/18th of the Award Value for Each Full Month Left in the Repayment Window at the Time of Separation. Four (4) Weeks of Vacation Per Calendar Year, Accrued at a Rate of 13.33 Hours Per Month, Pro-Rated for 2021 Based on Your Start Date. Vacation Is Earned and Must Be Used Within Each Calendar Year
12/34/56
