Salary Increase Letter for Laurent Mercier from Coty Management B.V.

Contract Categories: Human Resources › Compensation Agreements
Summary

This letter from Coty Management B.V. to Laurent Mercier confirms a salary increase effective June 1, 2023. Laurent's new gross annual salary will be €825,000, including an 8% holiday allowance, with a gross monthly salary of €63,657.41. All other terms of his existing employment agreement remain unchanged. The letter is signed by the Senior Global HR Director, Annick Leeuwenberg.

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EX-10.28 3 exhibit1028mercierofferlet.htm EX-10.28 Document

Exhibit 10.28



    



Laurent Mercier
28 Bis Rue des Missionnaires 78000 Versailles

Amsterdam, 8 June 2023 Subject: Salary increase
Dear Laurent,

Further to recent conversations and referring to your employment agreement, we are happy to confirm that as of 1 June 2023, you will receive a salary increase.

Your new gross base annual salary based on fulltime (100%) amounts to € 825.000,00 per year, including 8% holiday allowance. This means that your gross monthly salary will be € 63.657,41.
All other elements of your employment contract will remain unchanged.

Thank you for all your efforts so far and we look forward to an exciting and successful collaboration in the future.
Best Regards,
Coty Management B.V.


/s/ Annick Leeuwenberg


Annick Leeuwenberg
Senior Global HR Director - Finance, IT & Business Services




















Coty Management B.V.