GTECH Corporation Executive Perquisites Program Agreement

Contract Categories: Human Resources › Compensation Agreements
Summary

GTECH Holdings Corporation offers an Executive Perquisite Program to its officers, providing each eligible executive with a lump sum payment of $27,500 (after taxes) at the beginning of each calendar year. This payment is intended to enhance executive compensation and gives participants the flexibility to use the funds for retirement, insurance, education, charitable contributions, or health and fitness expenses.

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EX-10.11 5 y59660ex10-11.txt EXECUTIVE PERQUISITES PROGRAM EXHIBIT 10.11 GTECH CORPORATION EXECUTIVE PERQUISITES PROGRAM GTECH offers an Executive Perquisite Program (EPP) to officers of GTECH Holdings Corporation. EPP provides each covered executive with a lump sum payment of $27,5000 (net of all taxes) at the start of the calendar year. The plan is designed to maintain competitive compensation for our Key Executives by allowing each participant the flexibility to avail of Executive Program(s) best suited to their respective needs such as: - Retirement - Insurance - Education - Charitable Contributions - Health/Fitness