FreightCar America, Inc. Two North Riverside Plaza Suite 1250 Chicago, Illinois 60606Terms of Employment • January 29th, 2010 • FreightCar America, Inc. • Railroad equipment • Illinois
This letter agreement (“letter”) sets forth the terms of your employment with FreightCar America, Inc. (the “Company”). Commencing December 18, 2009, you will be employed as the Company’s President and Chief Executive Officer, based at the Company’s offices in Chicago, Illinois, and reporting to the Company’s Board of Directors (“Board”). You will have all of the duties and responsibilities commensurate with such position under the Company’s by-laws and consistent with the duties and responsibilities of chief executive officers of similar businesses as the Company. During your employment, you will devote your full-time business attention to the Company and will use your best efforts to discharge your responsibilities. You may, however, engage in civic and charitable activities and, with the prior consent of the Board, corporate boards, provided that these activities do not interfere with your duties to the Company. During your employment, you also will serve as a member of the Board fo
