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You will continue to participate in the current US benefit plans which includes international medical coverage available for all General Cable salaried employees. Unless comparable or better benefits are offered at a local level, you and your family shall be covered by General Cable’s full complement of US benefits plans.

You will be entitled to assistance related to housing costs (rent and utilities) in Barcelona Spain. You will be expected to locate a suitable property (with the local HR team available to assist you). The Company will pay a maximum amount for rent and utilities not to exceed EUR 3,500 (NET) per month. Any expenses over and above this amount must be paid by you.

You shall be entitled to a cost of living allowance related to goods and services based on family size of two. This allowance shall be US $41,500 per annum, paid in U.S. dollars, in equal instalments per pay period via the U.S. payroll, less applicable withholdings and taxes. Until such time your spouse moves to Spain (planned for summer of 2015), your cost of living adjustment will be $25,000 paid in U.S. dollars, in equal instalments per pay period via the U.S. payroll, less applicable withholdings and taxes.

For the first year of your assignment, and recognizing that your family will not initially move to Spain with you, the Company shall provide or reimburse you up to US$ 20,000 for the cost of air fare for you to return periodically to the US to visit family. Once your wife moves to Spain (targeted for summer of 2015), you shall be entitled to home leave or R&R annually for you and your wife. The Company shall provide or reimburse you up to US$12,000 for the cost of air fares and travel for you and your wife to either your point of origin in the United States or any destination of your choice. The travel days involved shall be in addition to your normal vacation entitlement. Should you not take this home leave in any year, no alternative personal travel shall be paid or cash payment in lieu of this provision made.

You and your wife shall be reimbursed for Spanish language training during the first year of your secondment should you elect to leverage such training.

You will be provided a company car in accordance with local market practices.

You and your wife shall be entitled to one visit to Barcelona, Spain of one week in length to review housing for your family. All expenses shall be reimbursed in line with the Company’s business travel policy. This includes round-trip business class airfare, hotel, transportation and a daily per diem for incidentals. The Spain HR team shall assist you with preparation to maximize your visit.

Upon final relocation, you shall be provided with one-way air transportation from the United States to Barcelona, Spain to for you and your wife. While the company allows for business class, you have elected to fly economy.

You will be entitled to one month’s base salary (NET) to offset your relocation incidentals and this will be payable within one month of your move.

You shall be provided with an ocean freight shipment of household goods from point of origin, USA to Barcelona, Spain and you shall work to coordinate this shipment to coincide with your family’s arrival in Barcelona. Should you decide not to ship your household goods; General Cable will store your goods in the US for the duration of your assignment.     

The Company will pay the cost to ship by air a limited amount of essential personal effects or a larger surface shipment of reasonable volume of both personal effects and household goods. It is advisable to stay within the following weights for air shipments: 500 lbs. for assignee and 250 lbs. per each child.

Any payment(s) or allowance(s) associated with your shipment shall be paid by the host company.

You shall be provided with tax return preparation assistance during the course of your international assignment. Tax return preparation will be authorized in any country or jurisdiction where a tax filing obligation occurs due to business related travel. The authorized services shall include a consultation with an accounting firm selected by the Company in your home and host country locations.

You shall be tax equalized during your secondment Spain which means you shall have a hypothetical tax withheld from your earnings which is an estimate of your United States “stay-at-home” income tax and social tax liability. Additional taxes on your Company income that are associated with your living in Spain shall be covered by the Company. Any worldwide taxes associated with personal (non-Company) income will be your sole responsibility. The benefits of the foreign earned income exclusions and Company-paid foreign tax credits shall belong to the Company under tax equalization.

The Company shall secure the services of a reputable accounting firm to prepare your home and your host country tax returns. It shall be your responsibility to provide all information requested and to ensure that your tax returns are accurate and filed when due. You shall be responsible to provide in a timely manner, all reasonable and necessary information in the form and manner requested. At all times, you shall be responsible for the payment of any and all interest or penalties or other assessments associated with untimely or inaccurate submission of data in connection with any tax documentation.

If your employment is involuntarily terminated and the circumstances of your termination entitle you to a severance pay allowance under the applicable company severance plan, the amount of your severance pay allowance shall be in accordance with General Cable policies and procedures.

If your secondment/employment is terminated by the Company for reasons other than cause, you shall be entitled to repatriation to your home country.

Should your employment with the Company be terminated for cause (including but not limited to your non-performance), you shall not be entitled to repatriation benefits.