EMPLOYMENT CONTRACT BetweenEmployment Contract • February 4th, 2022 • Otis Worldwide Corp • Electronic & other electrical equipment (no computer equip)
TITLE: President, Otis EMEA GRADE: Executive Leadership Group (ELG) of Otis Worldwide Corporation ACTIVITY RATIO: Full time (100%) CONTRACT PERIOD: Open-ended START DATE: November 15, 2021 TRANSPORT MODE: Company vehicle GROSS ANNUAL BASE SALARY: 540’000 CHF (paid in 13 installments) BONUS (STI) AT TARGET: 80% of base salary in effect at year end TRANSITION ALLOWANCE: 360'000 CHF (paid in installments over 3 years) SCHOOLING ALLOWANCE: 108'000 CHF (paid in installments over 2 years) TAX PREPARATION ALLOWANCE: 16’200 CHF per year MEDICAL COVERAGE 1 year of medical NON-COMPETE CLAUSE PERIOD: 2 years GEOGRAPHIC REACH OF THE NON-COMPETE CLAUSE: Worldwide
