JAFRA
Exhibit 99.1
JAFRA
Private — Confidential
Xxxxxxx Xxxxx
c/o Jafra Cosmetics International, Inc.
0000 Xxxxxxxxx Xxxx
Xxxxxxxx Xxxxxxx, XX 00000
c/o Jafra Cosmetics International, Inc.
0000 Xxxxxxxxx Xxxx
Xxxxxxxx Xxxxxxx, XX 00000
USA
19th December, 2006
Dear Xx. Xxxxx,
Pursuant to section 3.3 of your employment agreement dated 12th January, 2006, as well
as the Additional Bonus Compensation Letter dated 12th January, 2006, you are eligible
for a bonus compensation at the discretion of the company.
Please find attached the new bonus plan as of 1st January, 2007. We would appreciate
your acknowledgement of receipt of this new bonus plan but please understand whether you execute
this or not does not change the contents of this new bonus plan.
Also, we would like to confirm that the guaranteed bonus for 2006 amounting to USD 114,000 gross
per annum (payable pro rated, i.e. USD 76,000 gross) will be paid to you in April, 2007.
Furthermore, we have the pleasure to inform you that because of your contribution to the success of
Xxxxx during this year we would like to pay to you a one-off premium
of USD 30,000 gross,
payable in December, 2006.
We wish you all the best for your future tasks to come and we are hoping for a further successful
co-operation.
Yours sincerely,

Xxxxxxxx Xxxxxxxx
Jafra Cosmetics International, Inc. 0000 Xxxxxxxxx Xxxx, Xxxxxxxx Xxxxxxx, XX 00000, Phone 000 000 0000 Fax 000 000 0000
JAFRA
Private — Confidential
Jafra Cosmetics International Inc.
Xx. Xxxxxxx Xxxxx
0000 Xxxxxxxxx Xxxx
XX 00000 Xxxxxxxx Xxxxxxx, Xxxxxxxxxx 00000
Xx. Xxxxxxx Xxxxx
0000 Xxxxxxxxx Xxxx
XX 00000 Xxxxxxxx Xxxxxxx, Xxxxxxxxxx 00000
USA
November 24, 2006
Additional Compensation
Dear Xx. Xxxxx
Pursuant to Section 3.3 of your Employment Agreement with Jafra Cosmetics International, Inc. you
are eligible for bonus compensation at the discretion of the Company. As from 1st January, 2007
the following bonus structure applies:
– | If during the fiscal year Xxxxx achieves 100% of Net Activity target established by the Board for that fiscal year, (the “Net Activity Target”), you will be entitled to a bonus equal to 60% of your base salary. | |
– | If the Company achieves 85% of the Net Activity Target, you are entitled to a bonus equal to 36% of your base salary. | |
– | If the Net Activity achieved by Xxxxx is less than 85% of the Net Activity Target, you are ineligible for any bonus. | |
– | If Jafra achieves more than 85% of the Net Activity Target, but less than 100% of the Net Activity Target, you are entitled to a bonus equal to the sum of (1) 36% of your base salary and (2) 1.6% of your base salary for each 1% that Xxxxx exceeds 85% of such Net Activity Target. | |
– | If Jafra achieves more than 100% of the Net Activity Target, you are entitled to a bonus equal to the sum of (1) 60% of your base salary and (2) 1.2% of your base salary for each 1% that Jafra exceeds 100% of such Net Activity Target up to a maximum of 120% of the Net Activity Target (= 84% of base salary). | |
– | If the Net Activity achieved by Xxxxx is more than 120% of the Net Activity Target, you are eligible for a bonus equal to 84% of you base salary. |
Enclosed please find a copy of the detailed calculation.
JAFRA
Page 2 of letter to Xx. Xxxxxxx Xxxxx
For purposes of this bonus plan, Net Activity equals Total Net Activity as that term is defined
in the Rules of Vorwerk Management Reporting as of July 2004.
The Net Activity is calculated with the currency exchange rate which was determined for the
budget calculation of the corresponding year.
The bonus payable to you under this bonus plan will be paid in a lump sum no later than 30
days following receipt by the Board of Xxxxx’s audited consolidated financial statements for
the relevant fiscal year.
The above-described bonus plan is subject to modification by the Company each year at its
sole discretion and replaces all previous bonus schemes (Additional Compensation).
Yours sincerely,
Jafra Worldwide Holdings s. á R.L. S.A. (Luxemburg)
for and on behalf of
for and on behalf of
JAFRA COSMETICS INTERNATIONAL, INC. |
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By: | ![]() |
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Xxxxxx Xxxxx-Xxxxxxx | |||
By: | ![]() |
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Xxxxxxxx Xxxxxxxx | |||
Agreed:
Name: Xxxxxxx Xxxxx
Calculation Additional Compensation
< 85 | % | 0 | % | |||||
85 | % | 36,0 | % | |||||
86 | % | 37,6 | % | |||||
87 | % | 39,2 | % | |||||
88 | % | 40,8 | % | |||||
89 | % | 42,4 | % | |||||
90 | % | 44,0 | % | |||||
91 | % | 45,6 | % | |||||
92 | % | 47,2 | % | |||||
93 | % | 48,8 | % | |||||
94 | % | 50,4 | % | |||||
95 | % | 52,0 | % | |||||
96 | % | 53,6 | % | |||||
97 | % | 55,2 | % | |||||
98 | % | 56,8 | % | |||||
99 | % | 58.4 | % | |||||
101 | % | 61,2 | % | |||||
102 | % | 62,4 | % | |||||
103 | % | 63,6 | % | |||||
104 | % | 64,8 | % | |||||
105 | % | 66,0 | % | |||||
106 | % | 67,2 | % | |||||
107 | % | 68,4 | % | |||||
108 | % | 69,6 | % | |||||
109 | % | 70,8 | % | |||||
110 | % | 72,0 | % | |||||
111 | % | 73,2 | % | |||||
112 | % | 74,4 | % | |||||
113 | % | 75,6 | % | |||||
114 | % | 76,8 | % | |||||
115 | % | 78,0 | % | |||||
116 | % | 79,2 | % | |||||
117 | % | 80,4 | % | |||||
118 | % | 81,6 | % | |||||
119 | % | 82,8 | % | |||||
120 | % | 84,0 | % | |||||
> 120 | % | 84,0 | % |