Employment Agreement between Walsh Italia Srl and Mario Mauri for Quality Assurance Manager Position
This agreement outlines the employment terms for Mario Mauri as a Management Employee Executive (Quality Assurance Manager) at Walsh Italia Srl in Milan, starting tentatively on October 1, 1995. The contract specifies a 40-hour workweek, a gross annual salary of 60 million lire paid in 14 installments, and an annual bonus of 10% of the salary, subject to agreed conditions. Additional benefits include meal vouchers and applicable family allowances. The agreement includes a six-month trial period with mutual termination rights and requires confidentiality regarding company information.
Exhibit 10.72
Mr. MARIO MAURI
RE: Employment at Walsh Italia Srl
We are following up on our conversations to let you know that we are willing to hire you tentatively as of 10/1/1995 in the position of Management EMPLOYEE EXECUTIVE level, with missions included in your level and in the function of “QUALITY ASSURANCE MANAGER”.
The collective bargaining agreement for COMMERCE AND SERVICE COMPANIES will apply.
Workplace MILAN
The work schedule will be 40 hours weekly.
The gross salary indicated is divided in 14 monthly installments and will be 60,000,000 lire (sixty million) distributed into the various items of the contract and, for the surplus, in the item “super minimum absorbable in future increases of the contract”.
The company will also pay you an annual BONUS equal to 10% of your gross annual salary in the presence of conditions to be agreed upon with the company as soon as you are hired.
Restaurant Ticket: you will be offered a good meal (L. 7,000) for every day of actual presence in the company.
The legal and contractual withholdings will be made from the aforementioned salary.
In addition, you will receive any family allocations to which you may be entitled.
During the trial period established at 6 months of actual work there is a mutual right to cancel the employment contract at any time without obligation to
give notice for both parties.
You are obligated to keep the most rigorous confidentiality concerning the data and information you may come to know, including occasionally, in connection with your employment and therefore you must use them only for the purpose for which they are given to you.
All aspects not expressly specified in this contract will be governed both by the regulatory part and by the economic part of the COLLECTIVE BARGAINING AGREEMENT FOR THE EMPLOYEES OF COMMERCE AND SERVICE COMPANIES.
Please return the copy of this letter signed for acceptance and approval.
Best regards.
PAUL L. LIZIOLI
Managing Director
for acceptance and approval
Milan. 6/15/1995
