July 17, 2017 James R. Meyer New Bern, North Carolina 28562 Re: Terms of Employment Dear Jim:Terms of Employment • July 19th, 2017 • FreightCar America, Inc. • Railroad equipment • Illinois
This letter agreement (“Letter”) sets forth the terms of your employment with FreightCar America, Inc. (the “Company”). Commencing July 31, 2017 (the “Effective Date”), you will be employed as the Company’s President and Chief Executive Officer, and reporting to the Company’s Board of Directors. 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 Company’s Board of Directors, corporate boards, provided that these activities do not interfere with your duties to the Company (the Company has already approved your continuation as a member of the CSTH, LLC Board of Dir
SEPARATION AGREEMENT AND GENERAL RELEASESeparation Agreement • July 19th, 2017 • FreightCar America, Inc. • Railroad equipment • Illinois
This Separation Agreement and General Release (this “Agreement”) is hereby made and entered into as of July 17, 2017 by and between Joseph E. McNeely (“EXECUTIVE”) and FreightCar America, Inc., along with any parents, subsidiaries, divisions, affiliates, related companies, employee benefit plans, fiduciaries, predecessors and successors (collectively, the “COMPANY”).
