Employment Agreement and Benefits Letter effective April 1, 2019 between WABCO Global GmbH and Alexander De Bock

Contract Categories: Human Resources - Employment Agreements
EX-10.2 4 ex102adebock.htm EXHIBIT 10.2 EMPLOYMENT AGREEMENT DEBOCK ex102adebock
Mr. Alexander De Bock April 1, 2019 Dear Alex, I am most pleased to confirm that, effective today, your new compensatory arrangement will be as follows: - your Annual Base Salary will be increased to CHF350,000 as of April 1, 2019; - your Equity LTIP target will be increased to $125,000 as of next grant cycle (February 2020); - you will be enrolled into the Cash LTIP with a target of 35% and with immediate full participation (no phase-in) to all ongoing plans. The impact of these changes represents an overall 35% increase of your total target compensation package. I would like to thank you for your dedication and I wish you all the very best for the further development of your career in our company. Best regards, Jacques Esculier Chairman & Chief Executive Officer There is nothing in this document which is intended to supersede local laws. Confidential Page 1 │1 April 1, 2019