Supplemental Letter to the Employment Agreement (as amended) with Jacek Olczak, effective April 1, 2019
Contract Categories:
Human Resources
- Employment Agreements
EX-10.1 2 a101jacekolczak1.htm EXHIBIT 10.1 Exhibit 
Exhibit 10.1
PERSONAL AND CONFIDENTIAL
To: Jacek Olczak
Lausanne, April 1, 2019
Dear Jacek,
I am pleased to confirm that effective April 1, 2019, your base salary has increased to CHF 1’200’000.-- annually, CHF 92’307.69 monthly. This represents a 17.6% increase and the comparatio at your current grade 26 is 118%.
All other conditions relating to your employment with Philip Morris Products S.A., formerly Philip Morris International Management SA, remain as stated in your employment contract and in any subsequent amendments.
Yours sincerely,
PHILIP MORRIS PRODUCTS S.A.
/s/ MICHAEL PIKER
Michael Piker
Vice President Total Rewards & Labor Relations PMI
Philip Morris Products S.A., Avenue de Rhodanie 50, 1007 Lausanne, Switzerland
T:+41 (58) 242 00 00, F: +41 (58) 242 01 01
