The CORPORATEplan for RetirementSM EXECUTIVE Plan Adoption Agreement IMPORTANT NOTE

Exhibit 10.16

The CORPORATEplan forRetirementSM
EXECUTIVE Plan

Adoption Agreement

IMPORTANT NOTE

This document has not been approvedby the Department of Labor, the Internal Revenue Service or any other governmental entity.An Adopting Employer must determine whether the plan is subject to the Federal securitieslaws and the securities laws of the various states. An Adopting Employer may not rely onthis document to ensure any particular tax consequences or to ensure that the Plan is“unfunded and maintained primarily for the purpose of providing deferred compensationto a select group of management or highly compensated employees” under the EmployeeRetirement Income Security Act with respect to the Employer’s particular situation.Fidelity Management Trust Company, its affiliates and employees cannot provide you withlegal advice in connection with the execution of this document. This document should bereviewed by the Employer’s attorney prior to execution.

ADOPTION AGREEMENT
ARTICLE 1

1.01    PLAN INFORMATION

            (a)      Name of Plan:

                      Thisis the Hub Group, Inc. Non-Qualified Deferred Compensation Plan (the “Plan”).

            (b)      Name of Plan Administrator, if not the Employer:

                                                                                                                                                   

                       Address:                                                                                                            

                       Phone Number:                                                                                                   

                      ThePlan Administrator is the agent for service of legal process for the Plan.

            (c)      Plan Year End is December 31.

            (d)      Plan Status (check one):

                      (1)      |X|     Effective Date of new Plan: 1/1/2005

                      (2)      |_|     Amendment Effective Date:               

                                        Theoriginal effective date of the Plan:               

1.02    EMPLOYER

            (a)      The Employer is:     Hub Group, Inc.                                 

                       Address:                  3050 Highland Parkway, Suite 100    

                                                         Downers Grove, IL 60515                  

                       Contact’s Name:      Brigitte Slaker                                      

                       Telephone Number:(630) 271-3778                                      

                       (1)     Employer’s TaxIdentification Number: 36-4007085

                       (2)     Business form ofEmployer (check one):

(A)         |X|    Corporation (Other than a Subchapter S corporation)

(B)         |_|    Other (e.g., Subchapter S corporation, partnership, sole proprietor)

                       (3)      Employer’s fiscal year end: 12/31

            (b)     The term “Employer” includes the following Related Employer(s)
                       (asdefined in Section 2.01(a)(24)):

                       Hub Chicago Holdings, Inc.
                       Hub City Terminals, Inc.
                       Hub City Texas, LP
                       Hub Freight Services, Inc.
                       Hub Group Associates, Inc.
                       Hub Group Atlanta, LLC
                       Hub Group Canada, LP
                       Hub Group Distribution Services, LLC
                       Hub Group Transport, LLC
                       Q.S. of Georgia, LLC
                       Q.S. of Illinois, LLC
                       QSSC, Inc.
                       Quality Services of Kansas, LLC
                       Quality Services, LLC












1.03    COVERAGE

            (a)      The following Employees are eligible to participate in the Plan:

                      (1)      |X|     Only those Employees listed in Attachment A will be eligible to participate in the Plan.

                      (2)      |_|      Only those Employees in the eligible class described below will be eligible to participate
                                          in the Plan:

                      (3)      |_|      Only those Employees described in the Board of Directors Resolutions attached hereto
                                          and hereby made a part hereof will be eligible toparticipate in the Plan.

            (b)     The Entry Date(s) shall be (check one):

                      (1)      |_|      each January 1.

                      (2)      |X|      each January 1 and each July 1.

                      (3)      |_|      each January 1 and each April 1, July 1 and October 1.

                      (4)      |_|      the first day of each month.

                      (5)      |_|      immediate upon meeting the eligibility requirements specified in Subsection 1.03(a).

1.04    COMPENSATION

             Forpurposes of determining Contributions under the Plan, Compensation shall be as defined(check (a) or (b)
             below, as appropriate):

            (a)      |X|      in Section 2.01(a)(8), (check (1) or (2) below, if and as appropriate)):

                       (1)      |_|    but excluding (check the appropriate box(es)):

                                (A)      |_|   Overtime Pay.

                                (B)      |_|   Bonuses.

                                (C)      |_|   Commissions.

                                (D)      |_|   The value of a qualified or a non-qualified stock option granted to an Employee by the
                                                 Employer to the extent such value is includable in the Employee’s taxable income.

                                (E)      |_|   The following:

                       (2)      |_|    except as otherwise provided below:

            (b)      |_|    in the _____________________Plan maintained by the Employer to the extent it is in excess of the
                             limit imposed under Code Section 401(a)(17).

1.05    CONTRIBUTIONS

            (a)      Employee contributions (Complete all that apply)

                       (1)      |X|   Deferral Contributions. The Employer shall make a Deferral Contribution in accordance with, and
                                 subject to, Section 4.01 onbehalf of each Participant who has an executed salary reduction agreement in
                                 effect with the Employer for the calendar year (or portion of the calendar year) in question, not to
                                 exceed 50% of Compensation, exclusive of any Bonus.


                       (2)      |X|    Bonus Contributions. The Employer requires Participants to enter into a special salary reduction
                                 agreement to make Deferral Contributions of any percentage of Employer paid cash Bonuses, up to
                                 100% of such Bonuses. [The Compensation definition elected by the Employer in Section 1.04 must
                                 include Bonuses if Bonus contributions are permitted.]


            (b)      |X|    Matching Contributions (Choose (1) or (2) below, and (3) below, as applicable.)

                       (1)      |X|   The Employer shall make a Matching Contribution on behalf of each Participant in an amount
                                 equal to the followingpercentage of a Participant’s Deferral Contributions during the Plan Year
                                 (check one):

                                (A)      |_|   50%

                                (B)      |_|   100%

                                (C)      |_|   ___%

                                (D)      |_|   (Tiered Match)________% of the first_______% of the Participant’s Compensation
                                                   contributed to the Plan.

                                (E)      |_|   The percentage declared for the year, if any, by a Board of Directors’ resolution.

                                (F)      |X|   Other: 50% of the first 6% of the Participant’s Compensation contributed to the Plan, up to a
                                                  maximum of (i) 3% of base salary for Employees or (ii) 3% of Directors’ fees for
                                                  non-employee Directors.

                       (2)      |_|    Matching Contribution Offset. For each Participant who has made 401(k) Deferrals at least equal
                                 to the maximum under CodeSection 402(g) or, if less,the maximum permitted under the Qualified Plan,
                                 the Employer shall makea Matching Contribution for the calendar year equal to (A) minus (B) below:

                                (A)      The 401(m) Match that the Participant would have received under theQualified Plan for such
                                            calendar year on the sum of the Participants Deferral Contributions and the Participant’s 401(k)
                                            Deferrals if no limits otherwise imposed by tax law applied to the 401(m) Match and deeming
                                            Participant’s Deferral Contributions to be 401(k)Deferrals.


                                (B)     The 401(m) Match actually allocated to such Participant under the Qualified Plan for the
                                           calendar year.

                                 For purposes of this Section 1.05(b): “Qualified Plan” means the __________________Plan; “401(k)
                                 Deferrals” means contributions under the Qualified Plan’scash or deferred arrangement as
                                 defined in Code Section 401(k); and “401(m)Match” means a matching contribution as defined
                                 in Code Section 401(m).


                       (3)      |_|    Matching Contribution Limits (check the appropriate box(es)):

                                (A)      |_|   Deferral Contributions in excess of ______% of the Participant’s Compensation for the
                                                 period in question shall not beconsidered for Matching Contributions.

  Note:If the Employer elects a percentage limit in (A) above and requests the Trustee to accountseparately for matched and unmatched Deferral Contributions, the Matching Contributionsallocated to each Participant must be computed, and the percentage limit applied, basedupon each period.

                                (B)     |_|    Matching Contributions for each Participant for each Plan Year shall be limited
                                                  to $.________

                       (4)      Eligibility Requirement(s) for Matching Contributions. A Participant who makes Deferral
                                 Contributions duringthe Plan Year under Section 1.05(a) shall be entitled to
                                 MatchingContributions for that Plan Year if the Participant satisfies the following
                                requirement(s) (Check the appropriate box(es). Options (B) and (C) may not be elected together):
                                 



                               (A)      |X|    Is employed by the Employer on the last day of the Plan Year.

                                (B)      |_|    Earns at least 500 Hours of Service during the Plan Year.

                                (C)      |_|    Earns at least 1,000 Hours of Service during the Plan Year.

                                (D)      |_|    Other:_______________

                                (E)      |_|    No requirements.

  Note:If option (A), (B) or (C) above is selected, then Matching Contributions can only be madeby the Employer after the Plan Year ends. Any Matching Contribution made before Plan Yearend shall not be subject to the eligibility requirements of this Section 1.05(b)(3)).

            (c)     Employer Contributions

                       (1)      |_|   Fixed Employer Contributions. The Employer shall make an Employer Contribution on behalf of
                                  each Participant in an amount determined as described below (check at least one):

                               (A)      |_|   In an amount equal to _________% of each Participant’s Compensation each Plan Year.

                                (B)      |_|   In an amount determined and allocated as described below:

_________________

                                (C)      |_|   In an amount equal to (check at least one):

(i.)    |_|   Any profit sharing contribution that the Employer would have made on behalf of the Participant under the following qualified defined contribution plan but for the limitations imposed by Code Section 401(a)(17):

(ii.)   |_|   Any contribution described in Code Section 401(m) that the Employer would have made on behalf of the Participant under the following qualified defined contribution plan but for the limitations imposed by Code Section 401(a)(17):

_________________

                       (2)      |_|   Discretionary Employer Contributions. The Employer may make Employer Contributions to the
                                accounts of Participants in any amount, as determined by the Employer in its sole discretion from time
                                to time, which amount may be zero.

                       (3)      Eligibility Requirement(s) for Employer Contributions. A Participant shall only be entitled to Employer
                                Contributions under Section 1.05(c)(1) for a Plan Year if the Participant satisfies the following
                                requirement(s)(Check the appropriate box(es). Options (B) and (C) may not be elected together):

                                (A)      |X|   Is employed by the Employer on the last day of the Plan Year.

                                (B)      |_|   Earns at least 500 Hours of Service during the Plan Year.

                                (C)      |_|   Earns at least 1,000 Hours of Service during the Plan Year.

                                (D)      |_|   Other:                         

                                (E)      |_|   No requirements.

1.06   DISTRIBUTION DATES

    Distributionfrom a Participant’s Account pursuant to Section 8.02 shall begin upon the followingdate(s) (check either (a)
    or (b); check (c), if desired):

            (a)      |_|   Non-Class Year Accounting (complete (1) and (2)).

                      (1)      The earliest of termination of employment with the Employer (see Plan Section 7.03) and the following
                                 event(s)(check appropriate box(es); if none selected, all distributions will be upon termination of
                                 employment):

                                (A)      |_|   Attainment of Normal Retirement Age (as defined in Section 1.07(f)).

                                (B)      |_|   Attainment of Early Retirement Age (as defined in Section 1.07(g)).

                                (C)      |_|   The date on which the Participant becomes disabled (as defined in Section 1.07(h)).

                      (2)      Timing of distribution (check either (A) or (B)).

                                (A)      |_|   The distribution of the Participant’s Account will be begin in the month following the event
                                                   described in (a)(1) above; however, if the event is termination of employment, then such
                                                   distribution will begin as soon as practicable on or after the 1st day of the seventh
                                                   calendar month following such separation if the Participant was a Key Employee.


                                (B)      |_|   The distribution of the Participant’s Account will begin as soon as administratively feasible
                                                   in the calendar year following distribution event described in (a)(1) above; provided
                                                   however, that if the event is termination of employment, in no event will such distribution
                                                   begin earlier than the 1st day of the seventh calendar month following such separation if the
                                                   Participant was a Key Employee.



            (b)      |X|   Class Year Accounting (complete (1) and (2)).

                       (1)     Upon (check at least one; (A) must be selected if plan has contributions pursuant to section 1.05(b)
                               or (c)):

                                (A)     |X|   Termination of employment with the Employer (see Plan Section 7.03); provided however,
                                                   that if the event is termination of employment, in no event will such distribution begin
                                                   earlier than the 1st day of the seventh calendar month following such separation if
                                                   the Participant was a Key Employee.


                                (B)     |X|   The date elected by the Participant, pursuant to Plan Section 8.02, and subject to the
                                                   restrictions imposed in Plan Section 8.02 with respect to future Deferral Contributions,
                                                   in which event such date of distribution must be at least one year after
                                                   the date such Deferral Contribution would have been paid to the Participant in cash in
                                                   the absence of the election to make the Deferral Contribution.



                      (2)      Timing of distribution subject to Subsection (b)(1)(A) above (check either (A) or (B)).

                                (A)     |X|   The Distribution of the Participant’s Account will begin ___/___ (specify month
                                                   and day) following the event described in (b)(1) above.

                                 (B)     |_|   The Distribution of the Participant’s Account will begin (specify month and day)
                                                   of the calendar year following the event described in (b)(1) above.

            (c)      |X|   Upon a Change of Control in accordance with Plan Section 7.08.

  Note:Internal Revenue Code Section 280G could impose certain, adverse tax consequences on bothParticipants and the Employer as a result of the application of this Section 1.06(c). TheEmployer should consult with its attorney prior to electing to apply Section 1. 06(c).

1.07   VESTING SCHEDULE

            (a)     The Participant’s vested percentage in Matching Contributions elected in Section 1.05(b) shall be based
                                    upon the schedule(s) selected below.

                      (1)     |_|   N/A – No MatchingContributions

                      (2)     |_|   100% Vesting immediately

                      (3)     |X|   3 year cliff (see C below)

                      (4)     |_|   5 year cliff (see D below)

                      (5)     |_|   6 year graduated (see E below)

                      (6)     |_|   7 year graduated (see F below)

                      (7)     |_|   G below

                      (8)     |_|   Other (Attachment “B”)

Years of Vesting Schedule
Service for
Vesting C D E F G
           
0   0 % 0 % 0 % 0 %
1   0 % 0 % 0 % 0 %
2   0 % 0 % 20 % 0 %
3   100 % 0 % 40 % 20 %
4   100 % 0 % 60 % 40 %
5   100 % 100 % 80 % 60 %
6   100 % 100 % 100 % 80 %
7   100 % 100 % 100 % 100 % 100 %

            (b)     The Participant’s vested percentage in Employer Contributions elected in Section 1.05(c) shall be based
                                    upon the schedule(s) selected below.

                      (1)     |X|   N/A – No MatchingContributions

                      (2)     |_|   100% Vesting immediately

                      (3)     |_|   3 year cliff (see C below)

                      (4)     |_|   5 year cliff (see D below)

                      (5)     |_|   6 year graduated (see E below)

                      (6)     |_|   7 year graduated (see F below)

                      (7)     |_|   G below

                      (8)     |_|   Other (Attachment “B”)

Years of Vesting Schedule
Service for
Vesting C D E F G
           
0   0 % 0 % 0 % 0 %
1   0 % 0 % 0 % 0 %
2   0 % 0 % 20 % 0 %
3   100 % 0 % 40 % 20 %
4   100 % 0 % 60 % 40 %
5   100 % 100 % 80 % 60 %
6   100 % 100 % 100 % 80 %
7   100 % 100 % 100 % 100 % 100 %

            (c)      |X|   Years of Service for Vesting shall exclude(check one):

                      (1)      |X|   for new plans, service prior to the Effective Date as defined in Section 1.01(d)(1).

                      (2)      |_|   for existing plans converting from another plan document, service prior to the original Effective
                                Date as defined in Section 1.01(d)(2).

            (d)      |X|   A Participant will forfeit his Matching Contributions and Employer Contributions upon the occurrence
                              of the following event (s):

                              Employmentby or work for a competitor or engaging in a competitive business

(e)   

A Participant will be 100% vested in his Matching Contributions and Employer Contributions upon (check the appropriate box(es), if any; if 1.06(c) is selected, Participants will automatically vest upon Change of Control as defined in Section 1.12):

                      (1)      |_|   Normal Retirement Age (as defined in Section 1.07(f)).

                      (2)      |_|   Early Retirement Age (as defined in Section 1.07(g)).

                      (3)      |X|   Death.

                      (4)      |X|   The date on which the Participant becomes disabled, as determined under Section 1.07(h)
                                 of the Plan.

            (f)      Normal Retirement Age under the Plan is(check one):

                      (1)      |_|   age 65.

                      (2)      |_|   age________specify from 55 through 64).

                      (3)      |_|   the later of age________(cannot exceed 65) or the fifth anniversary of the Participant’s
                                Commencement Date.

                      Ifno box is checked in this Section 1.07(f), then Normal Retirement Age is 65.

            (g)      |_|   Early Retirement Age is the first day of the month after the Participant attains age______
                              (specify 55 or greater) andcompletes______Years of Service for Vesting.

            (h)      |X|   A Particpant is considered disabled when that participant (check one):

                      (1)      |X|   is unable to engage in any substantial gainful activity by reason of any medically determinable
                                physical or mental impairment which can be expected to result in death or can be expected
                                to last for a continuous period of not less than 12 months.

                      (2)      |_|   is, by reason of any medically determinable physical or mental impairment which can
                                be expected to result in death or can be expected to last for a continuous period of not less than 12
                                months, receiving income replacement benefits for a period of not less than 3 months under an accident
                                and health plan covering employees of the Employer.


1.08   PREDECESSOR EMPLOYER SERVICE

           |_|   Service for purposes of vesting in Section 1.07(a) and (b) shall include service with thefollowing employer(s):

1.09   UNFORESEEABLE EMERGENCY WITHDRAWALS

           Participantwithdrawals for unforeseeable emergency prior to termination of employment (check one):

            (a)      |_|   will be allowed in accordance with Section 7.07, subject to a $___________ minimum amount.
                              (Must be at least $1,000)

            (b)      |X|   will not be allowed.

1.10    DISTRIBUTIONS

  Subjectto Articles 7 and 8 distributions under the Plan are always available as a lump sum. Checkbelow to allow distributions in installment payments:

            |X|   under a systematic withdrawal plan (installments) not to exceed 10 years which (check oneif box for this
                   Section is selected):

            (a)      |X|   will not be accelerated, regardless of the Participant’s Account balance.

            (b)      |_|   will be accelerated to a lump sum distribution in accordance with Section 8.03.

1.11    INVESTMENT DECISIONS

            (a)     Investment Directions
                      Investments in which the Accounts of Participants shall be treated as investedand reinvested shall be
                      directed (check one):

                      (1)      |_|   by the Employer among the options listed in (b) below.

                      (2)      |_|   by each Participant among the options listed in (b) below.

                      (3)      |X|   in accordance with investment directions provided by each Participant for all contribution sources
                                 in a Participant’s Account except the following sources shall be invested as directed
                                 by the Employer (check (A) and/or(B)):

                                (A)     |_|   Nonelective Employer Contributions

                                (B)     |X|   Matching Employer Contributions

  TheEmployer must direct the applicable sources among the same investment options madeavailable for Participant directed sources listed in the Service Agreement.

            (b)     Plan Investment Options
                       ParticipantAccounts will be treated as invested among the Investment Funds listed in
                       the ServiceAgreement from time to time pursuant to Participant and/or Employer directions,
                       asapplicable.


  Note:The method and frequency for change of investments will be determined under the rulesapplicable to the selected funds. Information will be provided regarding expenses, if any,for changes in investment options.

1.12    RELIANCE ON PLAN

  Anadopting Employer may not rely solely on this Plan to ensure that the Plan is“unfunded and maintained primarily for the purpose of providing deferred compensationfor a select group of management or highly compensated employees” with respect to theEmployer’s particular situation. This Agreement must be reviewed by theEmployer’s attorney before it is executed.

  ThisAdoption Agreement may be used only in conjunction with the CORPORATEplan for RetirementExecutive Plan Basic Plan Document.

EXECUTION PAGE

(Employer’s Copy)

IN WITNESS WHEREOF, the Employer hascaused this Adoption Agreement to be executed this 23rd day of November, 2004.

Employer   Hub Group, Inc.                       
       
By   /s/Mark A. Yeager                   
       
Title   Chief Operating Officer           
       
Date   ______________________