SAIA » Topics » Item 1.02 Termination of a Material Definitive Agreement.

This excerpt taken from the SAIA 8-K filed Jul 7, 2006.

Item 1.02 Termination of a Material Definitive Agreement.

On June 30, 2006, SCS Transportation, Inc. terminated the employment of David H. Gorman, President of Jevic, in connection with the sale of Jevic described in Item 1.01 above. On July 7, 2006, the Company gave notice of the termination of David H. Gorman’s executive severance agreement. A form of the executive severance agreement with Mr. Gorman as entered into on August 24, 2005 was filed with SCS Transportation, Inc.’s Form 8-K (File No. 0-49983) filed on August 29, 2005 as Exhibit 10.1 and is incorporated herein by reference to this Item 1.02.





This excerpt taken from the SAIA 8-K filed Aug 30, 2005.

Item 1.02 Termination of a Material Definitive Agreement.

On August 24, 2005, SCS Transportation, Inc. gave notice of the termination of Paul J. Karvois’ employment agreement and executive severance agreement effective in thirty days, except for those provisions that have continuing effect under the terms of the agreements. Under the terms of his employment agreement, Mr. Karvois is entitled to severance pay and will be subject to certain non-competition provisions. A copy of the employment agreement with Mr. Karvois as entered into on November 20, 2002 was filed with SCS Transportation, Inc.’s Form 10-K (File No. 0-49983) for the year ended December 31, 2002 as Exhibit 10.7 and is incorporated herein by reference to this Item 1.02. A form of the executive severance agreement with Mr. Karvois as entered into on September 28, 2002 was filed with SCS Transportation, Inc.’s Form 10-K (File No. 0-49983) for the year ended December 31, 2002 as Exhibit 10.9 and is incorporated herein by reference to this Item 1.02.





EXCERPTS ON THIS PAGE:

8-K
Jul 7, 2006
8-K
Aug 30, 2005
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