MANAGING DIRECTOR EMPLOYMENT AGREEMENT (Geschftsfhrerdienstvertrag) (this "Agreement")Managing Director Employment Agreement • August 29th, 2008 • Harman International Industries Inc /De/ • Household audio & video equipment
The Executives title shall be "Chief Executive Officer (CEO) of the Harman Automotive Division of Harman International". The Executive shall have full P&L responsibility for the world-wide operations of the Automotive Division including sales, engineering, manufacturing, finance, human resources and IT, subject to operating and reporting guidelines as approved by the Shareholders representative (as defined in Section 1.3 below).
HARMAN LETTERHEAD]Harman International Industries Inc /De/ • August 29th, 2008 • Household audio & video equipment
HARMAN LETTERHEAD]Harman International Industries Inc /De/ • August 29th, 2008 • Household audio & video equipment
In view of your intention to retire with Harman International Industries, Inc. and its subsidiaries (collectively, the Company) on August 31, 2008, this letter agreement will set forth our understanding regarding the application of Section 409A of the Internal Revenue Code of 1986 (Section 409A) to certain of your compensation arrangements with the Company.
