Amendment Agreement to the Management Board Member Service Contract of Andreas Meyer dated September 26, 2019
Exhibit 10.3
Superior Industries Europe AG
Xxxxxx-Xxxxxxxxx-Xxx. 00, 00000 Xxx Xxxxxxxx, Xxxxxxx
Herrn
Xxxxxxx Xxxxx
Xxxxxxxxxxx 0
00000 Xxxxxxx
Amendment Agreement to the
Management Board Member Service Contract
of Xxxxxxx Xxxxx 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 XX, Xxxxxx-Xxxxxxxxx-Xxxxxx 00, 00000 Xxx Xxxxxxxx
and
Mr. Xxxxxxx Xxxxx, Xxxxxxxxxxx 0, 00000 Xxxxxxx
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, 0000 |
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Xxxxxxxxxx, Xxxxxxxx October 30, 2019 |
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/s/ Xxxxxxx Xxxxx |
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/s/ Xxxxx Xxxxxxxx |
Xxxxxxx Xxxxx |
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Xxxxx Xxxxxxxx |
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Chairman of the Supervisory Board |
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(Aufsichtsratsvorsitzender) |
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BANKVERBINDUNG |
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VORSTAND |
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AUFSICHTSRAT |
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HANDELSREGISTER |
Commerzbank AG |
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Xx. Xxxxxxx Xxxxxxx |
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Xxxxx Xxxxxxxx (Voesitzender) |
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Amtsgericht Ludwigshafen/Rhein |
BIC (SWIFT): COBA DE FF XXX |
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Xxxxx Xxxxxxx |
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XXX 00000 |
XXXX: XX00 0000 0000 0000 0000 00 |
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Xxxxxx Xxxxxxx |
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UST-IDNR.: DE 258 154 690 |
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Xx. Xxxxxxxx xxxx |
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