General Cable Corporation Promotion and Employment Terms Letter to Emerson Moser (SVP, General Counsel and Corporate Secretary)

Summary

General Cable Corporation is promoting Emerson Moser to Senior Vice President, General Counsel, and Corporate Secretary, effective January 12, 2015. Moser will report to the President and CEO and receive a $325,000 annual base salary, eligibility for annual and long-term incentive awards, and participation in the Executive Severance Plan. The severance plan provides compensation and benefits in case of involuntary termination or change in control. The agreement outlines key compensation, reporting structure, and benefits for the new role.

EX-10.1 2 bgc-20160401_exhibit101.htm EXHIBIT 10.1 Exhibit

Exhibit 10.1

GENERAL CABLE CORPORATION

January 7, 2015

Emerson Moser

Via Hand Delivery

RE: Promotion to SVP, General Counsel and Corporate Secretary

Dear Emerson,

It is with great pleasure that I present you the terms for your promotion to SVP, General Counsel and Corporate Secretary. In this capacity you would be a member of the General Cable Operating Committee and would report directly to me.

Following are the principle terms of this position:



Title:	Senior Vice President, General Counsel and Corporate Secretary
Location:	Highland Heights, KY
Effective Date:	January 12, 2015
Reports to:	President and Chief Executive Officer, General Cable Corporation
Base Salary:	Annual base salary of $325,000 (USD), paid in bi-weekly installments and subject to deductions for taxes and other withholdings as required by law or the policies of the Company.
Annual Incentive Awards:	You will be eligible to participate in the Global Annual Incentive Plan (GAIP) design for all members of the Operating Committee with a target of $225,000 (USD). Overall performance measurements will consist of 80% Financial (65% EBITDA and 15% CCC in Days) and 20% Strategic, and will be allocated based on your Corporate Role.
Long-Term Incentive Awards:	You will be eligible for Long-Term Incentive (LTI) awards under the Company’s 2005 Stock Incentive Plan with an annual target value of $550,000. Key features of the plan design are currently being reviewed and in discussion with Compensation Committee, and will be confirmed no later than Feb. 2015.
Executive Severance:	You will be eligible for the Executive Severance Plan, which includes; 18 months’ pay for involuntary termination, plus 1.5 target bonus, plus prorated bonus. Included is a Change in Control provision of 24 months’ pay, 2 times target bonus and an annual prorated bonus. In addition, you will receive medical coverage continuation and outplacement services.

Sincerely,

/s/ Greg Kenny

Greg Kenny

President and Chief Executive Officer

General Cable Corporation