Merit Increase Statement for Expatriate Employee Matteo Pellegrini – Philip Morris International

This document notifies Matteo Pellegrini, an expatriate employee of Philip Morris International, of a merit-based salary increase effective April 1, 2012. His annual base salary will increase by 3.29%, from CHF 910,092.00 to CHF 940,008.00. The new salary will be reflected in the April 2012 payroll. The statement also notes that all expatriates now have a unified merit review date in April, and any necessary prorated adjustments are included if this is his first time in the Expat Merit cycle.