{"id":40568,"date":"2015-09-17T11:25:58","date_gmt":"2015-09-17T16:25:58","guid":{"rendered":"https:\/\/content.findlaw-admin.com\/ability-legal\/contracts\/uncategorized\/special-incentive-opportunity-letter-csx-corp-and-g-l-nichols.html"},"modified":"2015-09-17T11:25:58","modified_gmt":"2015-09-17T16:25:58","slug":"special-incentive-opportunity-letter-csx-corp-and-g-l-nichols","status":"publish","type":"corporate_contracts","link":"https:\/\/corporate.findlaw.com\/contracts\/compensation\/special-incentive-opportunity-letter-csx-corp-and-g-l-nichols.html","title":{"rendered":"Special Incentive Opportunity Letter &#8211; CSX Corp. and G.L. Nichols"},"content":{"rendered":"<pre>\nJune 23, 1995\n\n\nMr. G. L. Nichols\nEVP and Chief Operating Officer\nCSX Transportation, Inc.\n\nMr. Nichols:\n\nThis  will  confirm  our  understanding  of the  terms  of a  special  incentive\nopportunity which has been established for you.\n\nAccomplishment of part or all of the following by December 31, 1997 will qualify\nyou for an award of up to 5,000  shares of CSX  stock,  payable in  February  of\n1988:\n\n1.  Achievement of a Safety  Frequency  Index of 1.0 or better for the Operating\n    Department for the 1997 calendar year,\n\n2.  Achievement of a 75 percent Operating Ratio for the 1997 calendar year,\n\n3.  Reduction in customer complaints by 20% over the January- June 1995 average,\n\n4.  PIT savings of $412 million during the 1995-1997 period,\n\n5.  Substantial improvements in customer service  measures,   e.g., dock-to-dock\n    performance,  Intermodal service, and Q train performance, and,\n\n6.  Accomplishment of your key MICP goals during the 1995-1997 plan years.\n\nPayment  of this  special  incentive  will be  contingent  upon your  continuous\nemployment through December 1997 and approval by John W. Snow, Chairman and CEO,\nand the CSX Board of Directors.  Dividends  will not be paid on the 5,000 shares\nuntil they are awarded.\n\nPlease  indicate  your  concurrence  with these terms by signing  below.  I look\nforward to working with you to accomplish these challenging objectives.\n\n\n\n\nA. R. Carpenter\n\n\n\nAccepted:  G. L. Nichols, EVP and Chief Operating Officer\n           ----------------------------------------------\n\n\n<\/pre>\n","protected":false},"template":"","meta":{"_acf_changed":false,"_stopmodifiedupdate":true,"_modified_date":"","_cloudinary_featured_overwrite":false},"corporate_contracts_companies":[7241],"corporate_contracts_industries":[9524],"corporate_contracts_types":[9539,9544],"class_list":["post-40568","corporate_contracts","type-corporate_contracts","status-publish","hentry","corporate_contracts_companies-csx-corp","corporate_contracts_industries-transportation__railroads","corporate_contracts_types-compensation","corporate_contracts_types-compensation__employment"],"acf":[],"_links":{"self":[{"href":"https:\/\/corporate.findlaw.com\/legal-api\/wp-json\/wp\/v2\/corporate_contracts\/40568","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/corporate.findlaw.com\/legal-api\/wp-json\/wp\/v2\/corporate_contracts"}],"about":[{"href":"https:\/\/corporate.findlaw.com\/legal-api\/wp-json\/wp\/v2\/types\/corporate_contracts"}],"wp:attachment":[{"href":"https:\/\/corporate.findlaw.com\/legal-api\/wp-json\/wp\/v2\/media?parent=40568"}],"wp:term":[{"taxonomy":"corporate_contracts_companies","embeddable":true,"href":"https:\/\/corporate.findlaw.com\/legal-api\/wp-json\/wp\/v2\/corporate_contracts_companies?post=40568"},{"taxonomy":"corporate_contracts_industries","embeddable":true,"href":"https:\/\/corporate.findlaw.com\/legal-api\/wp-json\/wp\/v2\/corporate_contracts_industries?post=40568"},{"taxonomy":"corporate_contracts_types","embeddable":true,"href":"https:\/\/corporate.findlaw.com\/legal-api\/wp-json\/wp\/v2\/corporate_contracts_types?post=40568"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}