EXHIBIT A TO EMPLOYMENT AGREEMENT. The Executive shall receive as compensation for his performance under the attached Employment Agreement the following:
EXHIBIT A TO EMPLOYMENT AGREEMENT. CONFIDENTIAL RELEASE AGREEMENT
EXHIBIT A TO EMPLOYMENT AGREEMENT a. The Agreement is hereby amended by deleting the paragraph entitled “Base Salary” in Exhibit A to the Agreement in its entirety and replacing the paragraph entitled “Base Salary” in its entirety as follows:
EXHIBIT A TO EMPLOYMENT AGREEMENT. For purposes of the attached Employment Agreement, a “Change of Control of UTi Worldwide” shall be deemed to have occurred if:
EXHIBIT A TO EMPLOYMENT AGREEMENT. Executive: Xxxxxx Xxxxxx Xxxxx Base Salary: $216,000 annually Variable Compensation: The incentive compensation structure detailed in Exhibit A to Executive’s prior employment agreement with the Company effective June 20, 2007, will remain in effect through June 30, 2009. Beginning July 1, 2009 and continuing through the end of the Employment Period, incentive compensation will be paid with respect to the Company’s Operating Income determined at the end of each fiscal year calculated by using the table below.
EXHIBIT A TO EMPLOYMENT AGREEMENT. The Employer and Employee agree that the Employee will be employed for the term, title and initial salary amount as specified below. The Employee will be entitled to other compensation and employee benefit plans and programs implemented by the Company after the date hereof, which plans and programs may, but are not required to, include those enumerated in the list immediately below.
I. TERM - Six Months
EXHIBIT A TO EMPLOYMENT AGREEMENT. Key Performance Indicators (KPIs)
EXHIBIT A TO EMPLOYMENT AGREEMENT. The Agreement is hereby amended by deleting the paragraph entitled “Variable Compensation” in Exhibit A to the Agreement in its entirety and replacing the paragraph entitled “Variable Compensation” in its entirety as follows: “Variable Compensation: Beginning on the effective date of the Employment Agreement and continuing through the end of the Employment Period, Executive’s compensation structure will be as follows: Variable compensation may be paid in such amounts as may be determined by the Committee, with the input of the CEO, based upon Executive’s performance and attainment of management and performance goals established by the Committee. The target amount of such annual variable compensation will be 75% of the Executive’s Base Salary and the maximum amount of such annual variable compensation will be 200% of the Executive’s Base Salary. Any variable compensation earned during the Company’s 2014 fiscal year will be paid to Executive annually following fiscal year end in connection with the Board’s review of the Company’s financial statements and approval of the Company’s annual report on Form 10-K. Notwithstanding any other provision of this Agreement or this Exhibit A, any variable compensation to be paid under this Agreement will be paid to Executive by the later of (i) March 15th following the end of the calendar year in which Executive right to such variable compensation vests or (ii) the 15th day of the third month following the end of the Company’s fiscal year in which Executive’s right to such variable compensation vests. Given Executive may be a “covered employee” under Code Section 162(m), the foregoing incentive compensation is intended to be a Performance Unit granted under the terms of the Company’s 2002 Long-Term Incentive Plan or any successor stock plan (the “Stock Plan”) and has been designated as a “Qualified Performance-Based Award.” The incentive compensation is intended to qualify for the Code Section 162(m) Exemption within the meaning of the Stock Plan. In no event may Executive’s incentive compensation under this Agreement for any year exceed the maximum amount allowed by the terms of the Stock Plan currently in effect, which is $3,000,000 under the 2002 Long-Term Incentive Plan as of the Effective Date. Executive’s right to receive and retain any payment of incentive compensation is subject to the written certification of the Board Compensation Committee that the relevant performance goals have been achieved. To the extent ap...
EXHIBIT A TO EMPLOYMENT AGREEMENT. Executive Perquisites for the CEO
EXHIBIT A TO EMPLOYMENT AGREEMENT. Job Summary
