Base Salary Denomination Adjustment Letter Agreement between Cognizant and Brian Humphries (December 2022)
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Summary
This agreement between Cognizant and Brian Humphries confirms that, starting January 1, 2023, Mr. Humphries' base salary will be paid in Swiss francs (CHF) instead of British pounds (GBP). His annual base salary will change from 925,000 GBP to 1,150,000 CHF, while his target annual bonus will remain at 200% of his base salary. The agreement is effective upon Mr. Humphries' acknowledgment and signature.
EX-10.6 2 ctshexhibit10612312022.htm EX-10.6 Document
Exhibit 10.6
December 9, 2022
Brian Humphries
Re: Base pay denomination adjustment
Dear Brian,
As previously discussed, this letter confirms that your base salary will be denominated and paid in Swiss francs (CHF) commencing effective as of January 1, 2023. In connection with this, your annual base salary, which was previously 925,000 GBP, will be 1,150,000 CHF effective as of January 1, 2023. Your target annual bonus will remain 200% of your base salary.
Please indicate your acknowledgement and acceptance of this by signing and returning this letter to my attention.
Sincerely,
/s/ Michael Patsalos-Fox | ||
Michael Patsalos-Fox Chair of the Board of Directors | ||
Acknowledged and Agreed:
/s/ Brian Humphries | |||||
Brian Humphries | |||||
| Date: | December 9, 2022 | ||||
