ADDENDUM
Exhibit 10.14
ADDENDUM
1. | Stock Option Agreement: Stock options in the amount of 30,000 shares of Calgon Carbon Corporation’s common shares vesting in increments of 10,000 shares. On or after January 2, 2001, you may purchase the stock granted as follows: |
Purchase Date | Number of Shares | |||
On or after January 2, 2001
|
10,000 | |||
On or after January 2, 2002
|
10,000 | |||
On or after January 2, 2003
|
10,000 |
The option may be exercised in accordance with the above schedule in whole or in part at
any time to and including January 1, 2010. The details of the option grant will be
included in the Stock Option Agreement between the Company and you.
The stock options that you will be granted when employment begins will continue to be
exercisable, per the vesting schedule in the stock option agreement, if you are
terminated without cause.
2. | Your relocation will be provided for per the Company’s Employee Relocation Policy. The policy includes: |
• | Transport of your household goods | ||
• | Transportation, meals, and lodging for you and your family including packing and unpacking of goods | ||
• | Reimbursement for your spouse’s trips for locating a new residence, limited to six days | ||
• | Reimbursement for standard and usual costs associated with selling your current residence, not including sale price | ||
• | Reimbursement for standard and usual costs of purchasing a new residence, not including purchase price | ||
• | Reimbursement for temporary housing for up to 180 days from your date of employment |
3. | You will be provided with a company car per the conditions of the Company’s Car Policy. | |
4. | The Company shall support you in obtaining a non-residence status in Belgium. | |
5. | The Company will discuss methods to enhance the pension and disability plan provisions available to you provided that such enhancements comply with appropriate labor laws and do not require amendment of Plans to include all participants. | |
6. | Termination of the employment contract: The parties acknowledge that the annual pay at the time of entering into employment is at least equal to BEF 1,912,000 gross and therefore agree to fix the notice period to be observed by the Company in the event of termination of the employment contract without serious reason according to the following formula (current Xxxxxx formula): |
N= 0.89 x (Sen) + 0.08 x (A) + 0.0013 x (S) — 2
Whereby:
N = notice period in months
Sen = seniority in years and in parts of years
A = age in years and part years
S =salary expressed in plurals of BEF
1,000 reduced by the index at the time of the calculation
of the Xxxxxx formula
However, the parties expressly agree that the notice period to be observed by the
Company is fixed at minimum 18 months.