AGREEMENT AND RELEASESeverance Agreement • November 6th, 2013 • Summit Materials, LLC • General bldg contractors - nonresidential bldgs • New York
IT IS HEREBY AGREED by and between Julio Ramirez (“Employee”) and Summit Materials Holdings L.P. (“Employer”), for the good and sufficient consideration set forth below, as follows:
Compensation Arrangement between Summit Materials Holdings L.P. and John Murphy, Interim Chief Financial OfficerCompensation Arrangement • November 6th, 2013 • Summit Materials, LLC • General bldg contractors - nonresidential bldgs
Effective July 1, 2013 and through October 14, 2013, John R. Murphy served as Interim Chief Financial Officer while the Company conducted a search for a Chief Financial Officer. Compensation to Mr. Murphy for his service as Interim Chief Financial Officer, and for his consulting services for a one month transition period ending November 14, 2013, equals $446,500 per annum (or $37,208 per month). Mr. Murphy will continue to serve as a director and chairman of the audit committee of the board of directors of the general partner of Summit Materials Holdings L.P.
