July 9, 2013 Charles F. Avery, Jr.Letter Agreement • July 22nd, 2013 • FreightCar America, Inc. • Railroad equipment • Illinois
This letter agreement (“letter”) sets forth the terms of your employment with FreightCar America, Inc. (the “Company”). Commencing August 1, 2013, you will be employed as the Company’s Vice President, Finance, Chief Financial Officer and Treasurer, based at the Company’s offices in Chicago, Illinois, and reporting to the Company’s President and Chief Operating Officer. You will have all of the duties and responsibilities commensurate with such position under the Company’s by-laws and consistent with the duties and responsibilities of chief financial officers of similar businesses as the Company. Your duties will also include responsibility for the Information Technology organization. During your employment, you will devote your full-time business attention to the Company and will use your best efforts to discharge your responsibilities. You may, however, engage in civic and charitable activities and, with the prior consent of the Company’s Board of Directors (“Board”), corporate boards
