New Patriot Transportation Holding, Inc. 10-12BAStock Option Agreement • October 30th, 2014 • New Patriot Transportation Holding, Inc. • Trucking & courier services (no air) • Florida
This letter agreement (this "Agreement") sets forth our agreement regarding the benefits to which you will be entitled in the event that (i) Patriot sells all of the stock or assets of Florida Rock & Tank Lines, Inc. ("FRTL") to an unaffiliated third party, or (ii) a Change of Control (as defined in Section 11.2(b)(i) of Patriot's 2006 Stock Incentive Plan) occurs.
