Philip Morris Products S.A. Salary Increase Letter to Emmanuel Babeau (Effective February 1, 2024)

Contract Categories: Human Resources › Compensation Agreements
Summary

Philip Morris Products S.A. confirms to Emmanuel Babeau that, effective February 1, 2024, his annual base salary will increase by 5% to CHF 1,260,012, or CHF 96,924 per month. All other terms of his employment remain unchanged. This letter serves as formal notice of the salary adjustment and is signed by company representatives.

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EX-10.10 2 pm-ex1010_033123xq1.htm EX-10.10 Document
Exhibit 10.10
PERSONAL AND CONFIDENTIAL



To: Mr. Emmanuel Babeau                        
Lausanne, January 23, 2024



Dear Emmanuel,

We are pleased to confirm that effective February 1, 2024, your base salary will be increased to
CHF 1’260’012.-- annually, CHF 96’924.-- monthly. This represents a 5% increase and the comparatio at your current grade 26 will be 122%.

All other conditions relating to your employment with Philip Morris Products S.A. remain as stated in your employment contract and in any subsequent amendments.




Yours sincerely,


PHILIP MORRIS PRODUCTS S.A.








/s/ CONSTANTIN ROMANOV
/s/ RALF ZYSK
Constantin Romanov
Vice President Total Rewards
Ralf Zysk
Vice President Labor Relations



Philip Morris Products S.A., Avenue de Rhodanie 50, 1007 Lausanne, Switzerland
T:+41 (58) 242 00 00, F: +41 (58) 242 01 01