Retention Bonus Agreement between Fresenius Medical Care North America and Ronald Kuerbitz

Contract Categories: Human Resources › Retention Agreements
Summary

Fresenius Medical Care North America offers Ronald Kuerbitz an annual retention bonus of $100,000, payable in January 2004, 2005, and 2006. Each payment is conditional on Mr. Kuerbitz remaining employed through January 1 of the respective year. The agreement requires Mr. Kuerbitz to keep the terms confidential and to confirm acceptance by signing and returning the letter. This agreement aims to encourage Mr. Kuerbitz to continue his employment with the company.

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EX-10.19 10 b47148fmexv10w19.txt RETENTION BONUS - RONALD KUERBITZ EXHIBIT 10.19 [LOGO] FRESENIUS MEDICAL CARE August 8, 2003 Mr. Ronald Kuerbitz Fresenius Medical Care North America Dear Ron: The purpose of this letter is to outline your retention plan. You will be eligible to receive an annual retention bonus of $100,000. This retention bonus will be paid to you in January 2004, January 2005 and January 2006. Each payment is contingent upon your continued employment through January 1 of the year of payment. Please indicate your acceptance of this retention bonus by signing below and returning a copy of this letter to Brian O'Connell in Human Resources. As with any compensation plan, this retention bonus is confidential. If you have any questions, please discuss them with only Brian O'Connell or me. Thank you for your consistent hard work and support. I look forward to continuing our strong working relationship as we face the many challenges ahead. Sincerely, /s/ Ben Lipps - ----------------------------- Ben Lipps President and Chief Executive Officer ACCEPT: /s/ Ronald Kuerbitz 8/11/03 -------------------------- -------------- Ronald Kuerbitz Date BJL/lmg Cc: B. O'Connell Corporate Headquarters: 95 Hayden Avenue Lexington, MA 02420 ###-###-####