Sumting Wong
TB Lurker
- Credits
- 347
On October 24, 2014, the Board of Directors of ArcBest Corporation. ("Company") approved entry into a consulting agreement ("Agreement") with Roy M. Slagle ("Consultant") pursuant to which he will perform consulting services over a period of three years, commencing October 15, 2014. Under the terms of the Agreement, the Consultant will be paid $27,000 per month and be reimbursed for reasonable and necessary business expenses. The Consultant is subject to confidentiality and non-competition covenants. The Consultant has agreed that, for the period of the Agreement and for twelve months following the end of the term of the Agreement, he will not engage in competitive activities with the Company and its affiliates. The Consultant has also agreed that, for the term of the Agreement, he will not solicit customers or employees of the Company or otherwise interfere with the business of the Company and its affiliates. In the event the Consultant becomes disabled or the consulting relationship between the Consultant and the Company is terminated by the Company without cause, the consulting fees will continue through the original term of the Agreement. Otherwise the consulting fees will terminate upon termination of the Agreement.
Summary of ARCBEST CORP /DE/ - Yahoo! Finance
Summary of ARCBEST CORP /DE/ - Yahoo! Finance