Attached files
file | filename |
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8-K - METTLER TOLEDO INTERNATIONAL INC/ | tp8k_mettler.htm |
Exhibit 10.1
[LETTERHEAD OF METTLER-TOLEDO INTERNATIONAL INC.]
PERSONAL / CONFIDENTIAL
Mr. Robert F. Spoerry
Wängirain 43
8704 Herrliberg
Date
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November 30, 2010
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Reference
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PB/em
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Direct Dial
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+41 44 9442285
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Telefax
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+41 44 9442255
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Remuneration 2011
Dear Robert,
I herewith confirm your remuneration as Chairman for 2011 as follows:
1.
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Fixed Salary of CHF 400’000.00 per annum; effective January 1, 2011, payable in twelve equal monthly installments of CHF 33’333.35. No participation in cash incentive plans.
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2.
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Your expense allowance is CHF 15'600.00 on a yearly base and will be paid out in monthly installments of CHF 1'300.00. We would like to recall adherence to the regulations contained in “Spesenreglementsergänzung Gruppenleitung” (edition of April 1997).
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3.
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The insured salary in the Mettler-Toledo Fonds is as follows:
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·
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Retirement CHF 400’000.00
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·
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Risk Coverage vested rights
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4.
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The insured salary in the additional accident insurance is CHF 999’999.00.
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5.
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The Notice Period is 3 months to the end of a month for both parties.
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Yours sincerely,
/s/ Peter Bürker
Peter Bürker
Head Human Resources