[LETTERHEAD OF METTLER-TOLEDO INTERNATIONAL INC.]
EX-10.1 2 tp8kex10_1.htm tp8kex10_1.htm
Exhibit 10.1
[LETTERHEAD OF METTLER-TOLEDO INTERNATIONAL INC.]
PERSONAL / CONFIDENTIAL
Mr. Robert F. Spoerry
Wängirain 43
8704 Herrliberg
Date | November 30, 2010 |
Reference | PB/em |
Direct Dial | +41 ###-###-#### |
Telefax | +41 ###-###-#### |
Remuneration 2011
Dear Robert,
I herewith confirm your remuneration as Chairman for 2011 as follows:
1. | Fixed Salary of CHF 400’000.00 per annum; effective January 1, 2011, payable in twelve equal monthly installments of CHF 33’333.35. No participation in cash incentive plans. |
2. | Your expense allowance is CHF 15'600.00 on a yearly base and will be paid out in monthly installments of CHF 1'300.00. We would like to recall adherence to the regulations contained in “Spesenreglementsergänzung Gruppenleitung” (edition of April 1997). |
3. | The insured salary in the Mettler-Toledo Fonds is as follows: |
· | Retirement CHF 400’000.00 |
· | Risk Coverage vested rights |
4. | The insured salary in the additional accident insurance is CHF 999’999.00. |
5. | The Notice Period is 3 months to the end of a month for both parties. |
Yours sincerely,
/s/ Peter Bürker
Peter Bürker
Head Human Resources