2017 Merit Increase Letter for André Calantzopoulos from Philip Morris International Management SA

Contract Categories: Human Resources › Compensation Agreements
Summary

This letter from Philip Morris International Management SA to André Calantzopoulos confirms a 2.5% merit-based salary increase following his annual performance review. Effective April 1, 2017, his new gross base salary will be CHF 1,513,057 per year, or CHF 116,389 per month. All other terms of his employment remain unchanged. The letter is signed by Ralf Zysk, Vice President of Compensation & Benefits.

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EX-10.4 2 a01042017_andrexcalantzopo.htm EXHIBIT 10.4 Exhibit
Exhibit 10.4




PERSONAL AND CONFIDENTIAL


To: Mr. André CALANTZOPOULOS                    Lausanne, February 27, 2017

Subject: Merit Increase     


Dear André,

Further to your annual performance assessment we confirm that your 2017 merit increase amounts to 2.5%.

As a result of this increase, effective April 1, 2017, the following conditions of your employment have been modified according to the information detailed below:

Gross Base Salary: CHF 1’513’057.-- annually, CHF 116’389.-- monthly

All other conditions relating to your employment with Philip Morris International Management SA remain as stated in your employment contract and in any subsequent amendments.

We would like to take this opportunity to wish you continued success and satisfaction.

 
Yours sincerely,

    

/S/ RALF ZYSK
Ralf Zysk
Vice President Compensation & Benefits
and International Assignments



Avenue de Rhodanie 50, 1007 Lausanne, Switzerland T:+41 (58) 242 00 00, F: +41 (58) 242 01 11