Mettler-Toledo International Inc.The EmployeeOlivier FilliolChristian MaglothWaldemar Rauch

Function

 

Head Process Analytics Division, Member of the Group Management Committee (GMC) of the METTLER TOLEDO Group.

 

 

 

Employing Company / Position Location

 

 

 

 

Remuneration

 

Base Salary of CHF 265'475.00 gross per annum, effective July 1, 2011 payable in twelve equal monthly installments of CHF 22'122.95

 

 

 

 

 

Participation in the Incentive Plan POBS Plus for Members of the Group Management of METTLER TOLEDO pursuant to the then-current plan and regulations. Under this plan employee is eligible to earn a cash incentive based upon achievement of various financial and personal targets. For 100% target achievement, the bonus is currently CHF 119’464.00 gross (45% of base salary). The scaling of the bonus system, and selection and weighting of targets, including personal targets, are determined by the Compensation Committee of the Board of Directors.

 

 

 

Expenses

 

Expense Allowance according to then-current regulations of CHF 10'500.-- per annum, payable in twelve monthly installments of CHF 875.--. No commuting or vehicle allowance will be paid.

Employment Agreement Waldemar Rauch dated June 10, 2011

Head Process Analytics Division

Equity Incentive Plan

 

Participation in the METTLER TOLEDO Equity Incentive Plan as may be amended from time to time.

 

 

 

Personnel Insurance

 

 

 

 

Vacation

 

30 working days per calendar year, including compensation for overtime (“Zeitregelung mit pauschaler Abgeltung”). Unused vacation days in a given year will not be carried forward.

 

 

 

Duration /Notice Period

 

This employment agreement starts on July 1, 2011 and is of unlimited duration. The notice period is 12 months to the end of a month for both parties.

 

 

 

Non-Competition

 

While employee is employed by METTLER TOLEDO and for a period of twelve months after his termination, employee shall not directly or indirectly (a) engage in or be employed in any business anywhere in the world which competes with the businesses of METTLER TOLEDO, or (b) solicit for hire or hire any METTLER TOLEDO employee.

 

 

 

Confidentiality

 

Employee agrees to keep confidential both during and after his employment with METTLER TOLEDO all information of a confidential nature not generally known outside of METTLER TOLEDO, and not to use such confidential information other than for purposes of performing his duties for METTLER TOLEDO.

 

 

 

Miscellaneous

 

Tax filings:

 

 

 

 

 

The parties acknowledge a separate agreement will be signed regarding tax equalization matters.

 

 

 

Applicable Law and Jurisdiction

 

This agreement shall be governed by Swiss law. All disputes concerning the terms and conditions of this agreement shall be brought before the ordinary courts in the Canton of Zurich, Switzerland.