contribute from 1% to 100% of your pay, up to the maximum amount allowed under the Internal Revenue Code on a pre-tax basis. The Plan has approximately twenty (20) investment options and is administered by The Principal Group. The Plan can also accept rollover contributions from other qualified plans. We believe the 401(k) Plan can assist you in meeting your savings goals for retirement.
Contingencies
As an officer of the Company, this offer is contingent upon Board of Director approval. Your employment with Southcross is “at will” and may be terminated at any time with or without cause by either the Company or yourself. Furthermore, although the terms and conditions of employment with the Company may change, such changes will not affect the “at will” employment relationship. This statement of the circumstances under which employment can be terminated constitutes the complete understanding between yourself and the Company.
The manner, in which Southcross carries on its business, and the perception of such conduct by our customers, suppliers and the general public, is a critical element in achieving our success. It has always been the policy of Southcross to ensure that all employees conduct business honestly, ethically and in full accordance with the law. Therefore, you will be asked to review and sign our Employee Handbook within the first week upon joining our Company. The Handbook summarizes many of the Company’s policies, standards and expectations.
As required by law, your employment with the Company is contingent upon your providing legal proof of your identity and authorization to work in the United States. As required by the Company, your employment is contingent upon successfully passing a drug screening and background screening.
We hope that you find the foregoing terms acceptable. You may indicate your agreement with these terms and accept this offer by signing and dating this letter below and returning it to us.
On behalf of Southcross Energy Partners GP LLC, we look forward to having you on our team.
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Sincerely, |
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/s/ James Swent III |
James Swent III |
Chairman, President, and Chief Executive Officer |
Enclosures; cc personnel file
Accepted and agreed this20th day of December, 2018:
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/s/ Michael Howe |
Michael Howe |
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