Estimated Brazilian Legal Severance for G. HemmadyBR fx rate:3.1383NameGOKUL V HEMMADYJob TitlePresidenteR$USD$Monthly Salary46,519.00 14,822.99 Annual Salary604,747.00 192,698.91 Mandatory Severance433,264.97 138,057.22 Deductions(24,537.72)(7,818.79)Total Severance to be paid to the executive408,727.24 130,238.42 FGTS - termination fee121,206.71 38,621.77 FGTS - deposits over the last 2 years235,951.85 75,184.61 Total Severance w/FGTS765,885.81 244,044.80 Subject to final adjustment based on termination date.

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.