Letter Agreement for Repatriation and Employment Terms between Dresser-Rand S.A. and Jean-François Chevrier

Contract Categories: Human Resources › Employment Agreements
Summary

This agreement outlines the terms for Jean-François Chevrier's transfer back to France by Dresser-Rand S.A. for business reasons. Effective April 1, 2009 or earlier, Mr. Chevrier will work from his home in France, report to the CEO, and hold the position of Vice President of New Infrastructure Development. He will receive an annual salary of €211,218.86, be eligible for a performance-based bonus, retain use of a company car, and have his moving expenses and return airfare for himself and his wife covered by the company.

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EX-10.48 8 y74703exv10w48.htm EX-10.48: LETTER OF AGREEMENT EX-10.48
EXHIBIT 10.48
         
Dresser-Rand S.A.    
31, Bld Winston Churchill    
76080 Le Havre cedex 7013    
FRANCE    
Telex
  :190004    
Téléphone
  :02 35 25 52 25    
Télécopie
  :02 35 25 53 66    
 
  :02 35 25 53 67    
Mr Jean-François CHEVRIER
24- January-2009
Dear Jean-François,
This letter is to confirm the conditions of your repatriation to France at the behest of Dresser-Rand for business purposes.
Date of Transfer: April 1, 2009 or earlier.
Work location: your work location will be your home in France and you will be administered by the Le Havre facility.
Position title: Vice President New Infrastructure Development. You will report directly to the Chief Executive Officer of Dresser-Rand.
Salary: Your annual base salary will be of 211,218.86 Euros per year, paid in 12 months.
Incentive Plan: You will be eligible for participation in DRESSER-RAND AIM incentive plan, based upon the financial results of the Company and individual objectives. If all the objectives are met, your bonus will be equal to 50% of your annual base salary with a maximum of 100%.
Company car: You’ll keep the use of a company car
Removal costs: The Company will pay the cost of the physical removal of your personal/household effects from your present home and ship to your new home in France. Dresser-Rand will also pay for you and your wife’s return air fare.
We hope very much that you will accept this offer and thank you to sign this letter with the mention “LU ET APPROUVE”.
                     
Best regards
          Lu et approuve        
 
                    
/s/ Didier Langree
  1/24/09       / Jean-Francois Chevrier   2/18/09    
             
Didier Langrée
  Date       Jean-François ChevrierDate   Date    
                 
     ’
  siège social :   Dresser-Rand S.A.   ’   société anonyme au capital
 
      31, Bld Winston Churchill       de 6.873.780 Euros
 
      76080 Le Havre cedex 7013   ’   T.V.A. N° FR 40.562.060.269
 
      Tél : 02 35 25 52 25   ’   S.I.R.E.T. 562.060.269.23/2813Z