Supplemental Letter to the Employment Agreement with Emmanuel Babeau, effective February 1, 2024
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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%.
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
