Amendment Agreement, dated October 30, 2019, to the Management Board Member Service Contract, dated September 26, 2019, between Superior Industries Europe AG and Andreas Meyer
Exhibit 10.3
Superior Industries Europe AG
Gustav-Krichhoff-Str. 10, 67098 Bad Dürkheim, Germany
Herrn
Andreas Meyer
Hahnengasse 3
55232 Ensheim
Amendment Agreement to the
Management Board Member Service Contract
of Andreas Meyer dated September 26, 2019
The following Amendment Agreement to the Management Board Member Service Contract dated September 26, 2019 (hereinafter “MBMSC”) is agreed between
Superior Industries Europe AG, Gustav-Kirchhoff-Straße 10, 67098 Bad Dürkheim
and
Mr. Andreas Meyer, Hahnengasse 3, 55232 Ensheim
In accordance with the resolution of the supervisory board dated October 30, 2019 the agreed bonus payments pursuant to Article 5 para 2 (Renumeration) of the current MBMSC shall be supplemented with subparagraph (d) “sign-on bonus” as follows:
Sign-on bonus: The Board Member will also receive a 70,000 Euro sign-on bonus to help make up for the annual bonus and long-term incentive loss from his current company as a result of him leaving before year end. This bonus should be paid within the first 30 days of his employment. This sign-on bonus is not part of the base salary calculation but is considered taxable income. The Board Member understands that the signing bonus is forfeited if the Board Member fails to report to work“.
All other provisions of the MBMSC shall remain unaffected.
Southfield, Michigan October 30, 2019 |
| Southfield, Michigan October 30, 2019 |
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/s/ Andreas Meyer |
| /s/ Majdi Abulaban |
Andreas Meyer |
| Majdi Abulaban |
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| Chairman of the Supervisory Board |
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| (Aufsichtsratsvorsitzender) |
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BANKVERBINDUNG |
| VORSTAND |
| AUFSICHTSRAT |
| HANDELSREGISTER |
Commerzbank AG |
| Dr. Karsten Obenaus |
| Majdi Abulaban (Voesitzender) |
| Amtsgericht Ludwigshafen/Rhein |
BIC (SWIFT): COBA DE FF XXX |
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| Shawn Pallagi |
| HRB 64198 |
IBAN: DE25 5454 0033 0204 9880 00 |
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| Joanne Finnorn |
| UST-IDNR.: DE 258 154 690 |
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| Dr. Wolfgang baur |
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