Estimated Brazilian Legal Severance Statement for Gokul V. Hemmady

Contract Categories: Human Resources › Severance Agreements
Summary

This document outlines the estimated severance payment for Gokul V. Hemmady, President, in accordance with Brazilian law. It details his monthly and annual salary, mandatory severance, deductions, and FGTS (severance fund) amounts, both in Brazilian Reais and U.S. Dollars. The total estimated severance, including FGTS, is approximately $244,044.80 USD, subject to final adjustment based on the actual termination date.

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EX-10.13 4 nihd-6302015x10qxex1015.htm EXHIBIT 10.13 NIHD-6.30.2015-10Q Ex 10.13


Exhibit 10.13

Estimated Brazilian Legal Severance for G. Hemmady
 
 
 
 
 
 
 
 
 
BR fx rate:
 
3.1383
 
 
 
 
 
 
 
 
Name
GOKUL V HEMMADY
 
Job Title
Presidente
 
 
 
R$
 
USD$
Monthly Salary
                     46,519.00
 
                     14,822.99
Annual Salary
                   604,747.00
 
                  192,698.91
 
 
 
 
Mandatory Severance
                   433,264.97
 
                  138,057.22
Deductions
                   (24,537.72)
 
                     (7,818.79)
Total Severance to be paid to the executive
                   408,727.24
 
                  130,238.42
 
 
 
 
FGTS - termination fee
                   121,206.71
 
                     38,621.77
FGTS - deposits over the last 2 years
                   235,951.85
 
                     75,184.61
Total Severance w/FGTS
                   765,885.81
 
                  244,044.80
 
 
 
 
 
 
 
 
Subject to final adjustment based on termination date.