Letter of Assignment Extension Agreement between Otis Elevator International, Inc. and Perry Zheng

Contract Categories: Human Resources › Employment Agreements
Summary

Otis Elevator International, Inc. and Perry Zheng have agreed to extend Perry's international assignment in China for one additional year, until December 31, 2023. The extension maintains all the same terms and conditions as the original assignment letter dated January 1, 2021. Both parties have signed to confirm their agreement to this extension.

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EX-10.29 2 exhibit10292022-12x3110xk.htm EX-10.29 Document
Exhibit 10.29


Internal
Correspondence
December 6, 2022

PERSONAL & CONFIDENTIAL

Dear Perry:

We are pleased to confirm the extension of your International Assignment for an additional year, under the same terms & conditions that are outlined in your Letter of Assignment dated January 1, 2021.
Home Country:    United States
Home Company:    Otis Elevator International, Inc.
Host Country:    China
Host Company:    Otis Elevator Management (Shanghai) Co. Ltd.
Anticipated End Date:    December 31, 2023

Thank you for your ongoing support of our global initiatives. Please indicate your agreement by signing below and returning this Extension Agreement as soon as possible.

Sincerely,
 /s/ ABBE LUERSMAN12/19/2022
Abbe LuersmanDate
EVP & Chief People Officer
 /s/ PERRY ZHENG12/19/2022
 Perry Zheng, President, Otis ChinaDate



LETTER OF ASSIGNMENT EXTENSION