Addendum to Pension Commitment Between Charles River Wiga Deutschland GmbH and Dr. Jörg Geller (March 25, 1997)

Summary

This addendum updates the pension agreement between Charles River Wiga Deutschland GmbH and Dr. Jörg Geller, effective April 1, 1997. It increases Dr. Geller's lifelong old-age pension from DM 5,600 to DM 8,600 per month, with the widow’s pension set at 28.57% of the new amount. Both pensions will increase by 4% annually until retirement age. All other terms from the original December 13, 1996 agreement remain unchanged.

EX-10.4 5 addendumtothispensioncommi.htm ADDENDUMTOTHISPENSION AddendumtothispensioncommitmentofMarch2519971997Addendum_EN

Addendum to the pension commitment dated 12/13/1996, between the Charles River Wiga Deutschland GmbH company and Dr. Jörg Geller

Old-age pension

Effective 04/01/1997, the irrevocably agreed old-age pension, to be paid for life, of DM 5,600.00, is increased to DM 8,600.00

The relationship to the widow’s pension remains at a percentage of 28.57, applicable to the new pension.

Escalation

The agreed old-age and widow’s pension shall be escalated at 4% annually. This results in the following values until retirement age is reached:



	Old-age pension	Widow’s pension
Effective
04/1997	8,600.00	2,457.00
04/1998	8,944.00	2,555.30
04/1999	9,301.80	2,657.50
04/2000	9,673.90	2,763.80
04/2001	10,060.90	2,874.40
04/2002	10,463.30	2,989.40
04/2003	10,881.80	3,109.00
04/2004	11,317.10	3,233.40
04/2005	11,769.80	3,362.70
04/2006	12,240.60	3,497.20
04/2007	12,730.20	3,637.10
04/2008	13,239.40	3,782.60
04/2009	13,769.00	3,933.90
04/2010	14,319.80	4,091.30
04/2011	14,892.60	4,255.00
04/2012	15,488.30	4,425.20
04/2013	16,107.80	4,602.20

All other provisions of the pension commitment dated 12/13/1996 remain unchanged and shall continue to be valid.

Sulzfeld, March 25, 1997

[signature]

Signature and stamp of the company

Dr. Ilka Monath

[signature]

Signature of the person entitled to the pension,
Dr. Jörg Geller