ADDENDUM TO THE EMPLOYMENT CONTRACT
Exhibit 10.9
ADDENDUM TO THE EMPLOYMENT CONTRACT
Undersigned:
Projecta B.V., domiciled in Weert, the Netherlands
(hereafter: Projecta)
Procolor SAS, domiciled in Chatillon Cedex, France
(hereafter: Procolor)
Xx. X. xx Xxxxx, residing in Eindoven, the Netherlands
(hereafter: the Employee)
Considering:
1. | Projecta and the Employee have reached an employment agreement on 1 November 1996, which is still in force. |
2. | Procolor wishes to use the professional activities of the Employee on the French market. The Employee will be the Managing Director of Procolor. |
3. | The Employee is willing to perform professional activities for Procolor and shall with respect to that act upon given instructions of Procolor. |
4. | The above mentioned employment agreement between Projecta and the Employee remains in full force. |
5. | During the period in which the Employee performs professional activities as mentioned in section two and three, the Employee will receive a gross salary of Projecta B.V. amounting to EUR 98,000 per annum. This amount can be increased with bonuses between EUR 40,000 and EUR 75,000. |
6. | The Employee is entitled to a company car according to the standards of Projecta B.V. The company car is provided by Projecta B.V., but also on behalf of Procolor. |
7. | During the period in which the Employee performs professional activities as mentioned in section two and three, the Employee will receive a gross salary of Procolor amounting to EUR 30,000 per annum. |
8. | In case the professional activities of the Employee for Procolor cease to exist, the above mentioned remuneration package may be changed. |
9. | Possible expenses related to activities on purpose of Procolor are handed in to Procolor by the Employee. |
10. | This agreement is going into force per 1 January 2004, for an indefinite period. |
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11. | Dutch law, to the exclusion of all other systems governs this agreement. |
Drawn up and signed in triplicate,
Weert, January 2004
place and date
Representing Projecta B.V. | Representing Procolor | The Employee | ||
/s/ Xxxxxxx X. Xxxxxx |
/s/ Xxxxx xx Xxxxx |
/s/ Xxxxx xx Xxxxx | ||
Xxxxxxx X. Xxxxxx | X. xx Xxxxx | Xx. X. xx Xxxxx |
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