When you leave the assignment country, there may be taxes incurred in subsequent years. At the discretion of the Company, you may remain in the Tax Equalization Program to handle these taxes. In addition, some forms of long-term compensation (such as stock options) may be taxable in the assignment country even after you have departed. In general, after your assignment, you are responsible for taxes on equity income, pensions and other long-term compensation. However, to address these situations, the Company has specific provisions of the Tax Equalization policy that address post-assignment tax issues.
Repatriation support will be provided at the conclusion of your assignment in accordance with the Global Mobility Policy in effect at the time of your repatriation, provided that you return to your home country within the timeframe specified by LS&Co. Note that if you resign or are involuntarily terminated for any reason other than a reduction in force or job elimination, your repatriation support may be limited. At the time your assignment ends, your Assignment Counselor will provide details on the repatriation support that is available.
Upon termination of your global assignment, all allowances and payments related to your assignment will end.
The Company reserves the right to modify, amend or terminate any and all policies, and provisions of its compensation and benefit plans, including, but not limited to, the Global Mobility Program, and establish rules and procedures for their administration at its discretion and without notice.
Data Protection Act
To manage your assignment effectively we may need to process personal data relating to you for the purpose of personnel and employment administration. This may include the transfer of data to, and processing by, other offices, and across borders, including transfers between your host country and the U.S. and other locations. Examples could include providing the host country office with your bank account details, or an emergency contact number for a relative in your home country.
By signing this letter, you consent under the Data Protection Act, to the processing and transfers of this personal data. This is likely to include the provision that, from time to time, such data be transferred to other offices, including those based in countries within and outside of the EU and your host country. In the event of such transfers, data will be released to authorized individuals for administrative purposes only.
Non-Solicitation of Employees
In order to protect Confidential Information (as defined in the enclosed Employee Invention and Confidentiality Agreement), you agree that so long as you are employed by LS&Co., and for a period of one year thereafter, you will not directly or indirectly, on behalf of yourself, any other person or entity, solicit, call upon, recruit, or attempt to solicit any of LS&Co.s employees or in any way encourage any LS&Co. employee to leave their employment with LS&Co. You further agree that you will not directly or indirectly, on behalf of yourself, any other person or entity, interfere or attempt to interfere with LS&Co.s relationship with any person who at any time was an employee, consultant, customer or vendor or otherwise has or had a business relationship with LS&Co. Execution of the attached Employee Invention and Confidentiality Agreement, along with this letter agreement, is a prerequisite of this offer.