Landstar System, Inc. letterhead]Landstar System Inc • January 25th, 2013 • Trucking (no local)
Reference is hereby made to the employment letter agreement (the “Agreement”), dated January 3, 2012, between you and Landstar System, Inc. (the “Company”). Notwithstanding anything in the Agreement to the contrary, your annual salary as of January 1, 2013 is hereby increased from $500,000 to $575,000. In addition, the consulting fee that shall be paid to you for your availability to consult with the Company following your termination of service as Executive Chairman of the Company at the end of your then current term as a director of the Company is hereby increased from $600,000 to $700,000.
