COMPENSATION COMMITTEE OF THE BOARD OF DIRECTORSLetter Agreement Regarding Change to Employment Terms • May 23rd, 2011 • Farmer Brothers Co • Miscellaneous food preparations & kindred products
This letter agreement (this “Agreement”), shall set forth the understanding between you and Farmer Bros. Co., a Delaware corporation (the “Company”), regarding your role in the management transition resulting from the retirement of Roger M. Laverty III and the search for a new Chief Executive Officer. We hope the compensation increase and equity grant will keep you fully engaged on the Company’s behalf during the transition. Subject to the terms and conditions set forth herein, you and the Company agree as follows:
