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Force Protection Inc – ‘10-K’ for 12/31/07 – EX-10.11

On:  Monday, 9/15/08, at 3:19pm ET   ·   For:  12/31/07   ·   Accession #:  1047469-8-10069   ·   File #:  1-33253

Previous ‘10-K’:  ‘10-K/A’ on 10/15/07 for 12/31/06   ·   Next:  ‘10-K’ on 3/26/09 for 12/31/08   ·   Latest:  ‘10-K/A’ on 3/16/12 for 12/31/10   ·   3 References:   

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  As Of                Filer                Filing    For·On·As Docs:Size              Issuer               Agent

 9/15/08  Force Protection Inc              10-K       12/31/07   31:5.6M                                   Merrill Corp/New/FA

Annual Report   —   Form 10-K
Filing Table of Contents

Document/Exhibit                   Description                      Pages   Size 

 1: 10-K        Annual Report                                       HTML   1.60M 
 2: EX-2.1      Plan of Acquisition, Reorganization, Arrangement,   HTML     25K 
                          Liquidation or Succession                              
 3: EX-3.1      Articles of Incorporation/Organization or By-Laws   HTML     26K 
 4: EX-3.3      Articles of Incorporation/Organization or By-Laws   HTML     16K 
 5: EX-10.1     Material Contract                                   HTML    124K 
 8: EX-10.11    Material Contract                                   HTML     24K 
 9: EX-10.18    Material Contract                                   HTML    710K 
10: EX-10.40    Material Contract                                   HTML     21K 
11: EX-10.52    Material Contract                                   HTML    113K 
12: EX-10.56    Material Contract                                   HTML     34K 
13: EX-10.57    Material Contract                                   HTML    755K 
14: EX-10.58    Material Contract                                   HTML     26K 
15: EX-10.59    Material Contract                                   HTML     24K 
 6: EX-10.6     Material Contract                                   HTML     28K 
16: EX-10.60    Material Contract                                   HTML     25K 
17: EX-10.61    Material Contract                                   HTML     21K 
18: EX-10.63    Material Contract                                   HTML     23K 
19: EX-10.64    Material Contract                                   HTML     17K 
20: EX-10.65    Material Contract                                   HTML    226K 
21: EX-10.66    Material Contract                                   HTML    115K 
22: EX-10.78    Material Contract                                   HTML     70K 
23: EX-10.79    Material Contract                                   HTML    150K 
24: EX-10.81    Material Contract                                   HTML     22K 
 7: EX-10.9     Material Contract                                   HTML     16K 
25: EX-14       Code of Ethics                                      HTML    214K 
26: EX-21.1     Subsidiaries of the Registrant                      HTML     13K 
27: EX-23.1     Consent of Experts or Counsel                       HTML     15K 
28: EX-23.2     Consent of Experts or Counsel                       HTML     13K 
29: EX-31.1     Certification per Sarbanes-Oxley Act (Section 302)  HTML     18K 
30: EX-31.2     Certification per Sarbanes-Oxley Act (Section 302)  HTML     18K 
31: EX-32.1     Exhibt 32.1                                         HTML     15K 


EX-10.11   —   Material Contract
Exhibit Table of Contents

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11st Page   -   Filing Submission
"Exhibit 10.11
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Exhibit 10.11

GRAPHIC

Force Protection, Inc.
Force Protection Industries, Inc.
9801 Highway 78, Bldg #3
Ladson, SC 29456
    Tel (843) 740-7015
Fax (843) 740-1973
www.forceprotection.net
 


 

 

Date: April 5, 2006

To:
Mr. Raymond Pollard
86 Labbe Lane
Leonard MI 48367

Re:
Employment Letter

Dear Ray:

        I am pleased to confirm our offer of employment with Force Protection Inc., (the "Company") on the following terms:

Title:

  Chief Operating Officer

Compensation:

   
   

Salary:

 

$240,000 per year in cash to be paid bi-weekly (according to the Company's regular practices).

   

Stock Grant:

 

As an employee, on the first (1st) and second (2nd) anniversary of employment with the Company—an annual grant of shares of the Company's unregistered common stock equal to $40,000 (calculated using the closing share price as of the date of acceptance of this offer).

   

Relocation:

 

A one time relocation payment of $30,000 payable upon start of employment.

   

Benefits:

 

Health insurance and other benefits according to the Company's standard benefits package in effect from time-to-time. You will also be eligible for Gain Sharing and/or Company Stock Option programs if and when they are approved.

   

Severance:

 

Your employment is "at will" and the Company may end your employment at any time without prior notice. We agree to "guarantee" twenty-four (24) months of Salary to you commencing from your start date. If your employment is terminated by the Company without cause during the 24 month period immediately following your Start Date, you will receive a one-time lump-sum severance amount equal to the remaining Salary compensation you would have been paid during the balance of such 24 month period. As an example, if your employment is terminated without cause 15 months from your start date, you would receive a lump-sum payment of 9 months under the aforementioned "guarantee"—for a total compensation period of 24 months.

Start Date:

 

As soon as available


Employment Terms:

        Your principal place of work will be at the Company's facility in Ladson, South Carolina.

        In consideration of the Company extending this offer to you, you agree to the following:

        We are extremely pleased to confirm this offer and look forward to your contribution to our Company. This agreement is intended to supersede and replace all other agreements between us and may not be modified or amended except in writing signed by both of us.

        If the terms hereof are acceptable to you, I would ask that you kindly sign below and return a copy of this letter to me.

Regards,

Sincerely yours,

By:   /s/ GORDON MCGILTON

       
    Gordon McGilton 4/7/06   Accepted and Agreed:

 

 

 

 

By:

 

/s/ RAYMOND POLLARD

        Name: Ray Pollard 4/11/06

2




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Dates Referenced Herein   and   Documents Incorporated by Reference

This ‘10-K’ Filing    Date    Other Filings
Filed on:9/15/088-K
For Period End:12/31/07NT 10-K
4/5/06
 List all Filings 


3 Subsequent Filings that Reference this Filing

  As Of               Filer                 Filing    For·On·As Docs:Size             Issuer                      Filing Agent

 2/12/09  SEC                               UPLOAD10/05/17    1:29K  Force Protection Inc.
 2/02/09  SEC                               UPLOAD10/05/17    1:40K  Force Protection Inc.
12/23/08  SEC                               UPLOAD10/05/17    1:43K  Force Protection Inc.
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Filing Submission 0001047469-08-010069   –   Alternative Formats (Word / Rich Text, HTML, Plain Text, et al.)

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