Contract
Exhibit 10.2
PLIVA d.d., Xxxxx
xxxxx Xxxxxxxx 00, Xxxxxx (dalje: “PLIVA”), koju sukladno
čl. 268 Zakona o
trgovačkim društvima (NN br. 111/93, 34/99, 52/00 i 118/03; dalje: “ZTD”) zastupa predsjednik
nadzornog odbora, x. Xxxxxxxxx Xxx Xxxxxxx
i
Xxxxxx Xxxxx,
Predsjednik uprave PLIVE d.d., s prebivalištem u Gajeva 59, 10 000 Zagreb (dalje:
“Predsjednik uprave”)
zaključili xx xxxx
21. ožujka 2007.g. sljedeći
Članak 1.
Stranke
potvrđuju da xx xxxx 24. listopada 2006.g. došlo do “Promjene kontrole” nad PLIVOM na
način xxxx xx isti pojam definiran sukladno odredbama ugovora
sklopljenog između PLIVE i
Predsjednika uprave xxxx 24. listopada 2005.g, a koji je stupio na snagu xxxx 09. prosinca 2005
..g. (dalje:
“Važeći ugovor”).
Članak 2.
Stranke
su suglasne da bi Predsjednik uprave u slučaju otkaza Važećeg ugovora kao posljedice
“Bitne promjene”, kako xx xxxx definirana Važećim
ugovorom, a do kojeg bi došlo uslijed Promjene
kontrole, stekao određena prava sukladno čl. 8.4, 9.4.1,
9.6, 18 i 19 Važećeg ugovora.
Predsjednik
uprave bi u slučaju otkaza uslijed “Bitne promjene”
ostvario određena prava i sukladno
odredbama ugovora sklopljenog 07. rujna 2000.g. te njegovih naknadnih izmjena od 13. studenog
200l.g. i 13. studenog 2002.g. i odluke nadzornog odbora PLIVE od 26. rujna 2006.g. (dalje zajedno:
“Stari ugovor”).
PLIVA d.d., Xxxxx xxxxx Xxxxxxxx 00, Xxxxxx (hereinafter: “PLIVA”), pursuant to Art. 268 of the
Companies Act (Official Gazette No. 111/93, 34/99, 52/00 and 118/03; hereinafter: “ZTD”)
represented by the President of the Supervisory Board, Xx. Xxxxxxxxx Xxx Xxxxxxx
and
Xxxxxx Xxxxx, President of the Management Board of PLIVA d.d., wit residence in Gajeva 59, 10 000
Zagreb (hereinafter: “President of the Board”)
concluded on this day of 21 March 2007 the following
SETTLEMENT AGREEMENT
Article 1
The parties hereby confirm that on 24 October 2006 “Change of control” occurred over PLIVA, as
that term is defined by the provisions of the agreement concluded between PLIVA and President of
the Board on 24 October 2005, in effect as of 09 December 2005 (hereinafter: the “Effective
Agreement”).
Article 2
The parties hereto agree that in case of termination of the Effective Agreement as a result of a
“Material Change”, as that term is defined by the Effective Agreement, which would result from the
Change of Control, the President of the Board would be entitled to certain rights arising from
Art. 8.4, 9.4.1, 9.6, 18 and 19 of the Effective Agreement.
The President of the Board would in case of termination as a result of a “Material Change” also be
entitled to certain rights arising from provisions of the agreement dated 07 September 2001 and
its subsequent amendments dated 13 November 2001 and 13 November 2002 and the resolution of PLIVA
Supervisory Board as of 26 September 2006 (hereinafter together: the “Old Agreement”).
Članak 3.
Ugovorne
strane ovom nagodbom ustvrđuju da xx xxxxx do Bitne promjene.
Članak 4.
Imajući
na umu najbolji interes PLIVE, njezinih dioničara i povezanih
društava, a vodeći xxxxxx
računa o pravima Predsjednika uprave koja proizlaze iz Važećeg ugovora, ugovorne strane sklapaju
ovu nagodbu (dalje: “Nagodba”) kako bi osigurale pomirenje interesa obiju ugovornih strana.
Stranke
stoga sklapaju ovu Nagodbu imajući na umu prava koja bi Predsjednik uprave ostvario
temeljem Starog i Važećeg ugovora u slučaju da je
otkazao Važeći ugovor xxxx 31. prosinca 2006.g.
pozivajući se xxxxxx na xx. 18 istoga ugovora.
Sukladno
navedenome, stranke su suglasne da PLIVA temeljem ove Nagodbe isplati Predsjedniku
uprave, u roku od 15 (riječima: petnaest) xxxx od potpisa Nagodbe po obje strane, sljedeće
bruto iznose:
a) | 21.607.755,00 kn s osnove čl. 4 Starog ugovora, na ime neiskorištenih opcijskih prava za razdoblje od 09. prosinca 2002.g. do 09. prosinca 2005.g.; | ||
b) | 19.371.451,00 kn s osnove čl. 9.6 Važećeg ugovora, na ime opcijskih prava za 2006.g. uvećano za dodatnih 15.000 dionica sukladno istom članku; | ||
c) | 1.548.000,00 EUR s osnove otpremnine (čl. 18 Važećeg ugovora) i bonusa (čl. 8.4. Važećeg ugovora), protuvrijednost u kunama prema srednjem tečaju Hrvatske Narodne banke na xxx plaćanja. |
Svi
iznosi navedeni u ovom članku specificirani su u Prilogu 1 ove
Nagodbe i čine njezin sastavni
dio.
Article 3
The parties hereto hereby determine that there has been a Material Change.
Article 4
Having in mind the best interest of PLIVA, its shareholders and affiliated entities, and also
taking into consideration the rights of the President of the Board arising from the Effective
Agreement, the parties hereto enter into this settlement (hereinafter: the “Settlement”) in order
to reconcile the interests of both contracting parties.
The contracting parties therefore enter into this Settlement proceeding from the rights the
President of the Board would acquire pursuant to the Old Agreement and to the Effective Agreement
in case he terminated the Effective Agreement on 31 December 2006 pursuant to its Art. 18.
In accordance with the aforesaid, PLIVA undertakes to pay to the President of the Board pursuant
to this Settlement the following gross amounts within 15 (in words: fifteen) days as of
the execution of this Settlement by both contracting parties:
a) | HRK 21,607,755.00 based on Art. 4 of the Old Agreement, related to unexercised option rights for the period from 09 December 2002 until 09 December 2005; | ||
b) | HRK 19,371,451.00 based on Art 9.6 of the Effective Agreement, related to option rights for the year 2006.g., increased by additional 15.000 shares pursuant to the same Article; | ||
c) | EUR 1,548,000.00 in relation to severance (Art. 18 of the Effective Agreement) and bonus (Art. 8.4. of the Effective Agreement), all in HRK counter value according to mid exchange rate of the Croatian National Bank in effect on the date of payment. |
All the amounts stated in this Article are specified in Exhibit 1 to this Settlement which forms
an integral part hereof.
Sve poreze i doprinose iz navedenih
iznosa snosit će Predsjednik uprave, pa će PLIVA stoga
po odbitku doprinosa iz xxxx navedenih iznosa bruto plade te poreza i prireza na porez, tako
dobiveni neto iznos isplatiti Predsjedniku uprave na njegov
tekući račun.
Članak 5.
Ugovorne strane ovime utvrduju
da se iznosi navedeni u ovoj Nagodbi isplaćuju kao potpuna i
konačna naknada za svč potraživanja koja Predsjednik uprave ima ili bi mogao imati
prema PLIVI
temeljem ili u svezi s radnim odnosom, Starim i/ili Važećim ugovorom, ili bilo kojim drugim
ugovorom s PLIVOM odnosno temeljem ili u svezi s članstvom u upravi kao i po bilo kojoj drugoj
osnovi. Predsjednik uprave se ovime odriče bilo koje drugog
potraživanja koje bi mogao imati
prema PLIVI ili bilo kojem njenom povezanom društvu po bilo
kojoj osnovi, izuzev potraživanja koja
proizlaze iz ove Nagodbe.
Članak 6.
Ova Nagodba predstavlja punu volju
stranaka, te se njome isključuju i zamjenjuju svi raniji usmeni
ili pismeni uglavci, dogovori i sporazumi stranaka glede njenog predmeta.
Ova
Nagodba se može naknadno
izmijeniti samo pisanim putem, uz potpis ovlaštenih osoba obaju
ugovornih strana.
Članak 7.
Ova
Nagodba se ne može prenijeti na
treću osobu, bilo u cijelosti ili djelomično, bez izričite,
prethodne pisane suglasnosti PLIVE. PLIVA zadržava pravo prenijeti ovu Nagodbu, u cijelosti ili
djelomično, na bilo koje povezano dručtvo u kojem slučaju će o istom promptno izvijestiti drugu
ugovornu stranu.
Članak 8.
Za ovaj ugovor i njegovu interpretaciju
mjerodavno je hrvatsko pravo.
Svi sporovi koji proizlaze iz ili
su u svezi s ovom Nagodbom,, uključujući i one koji se odnose na
pitanje njenog valjanog nastanka, povrede, ili
All taxes and contributions arising from the above mentioned amounts shall be borne by the
President of the Board. Therefore, after deducting contributions from the above mentioned gross
salary amounts as well as taxes and surtaxes, PLIVA shall pay such net amounts to the
account of the President of the Board.
Article 5
The contracting parties hereby agree that the amounts mentioned in this Settlement are being paid
as a full and final settlement of all and any claims the President of the Board has or might have
against PLIVA arising from or in relation to his employment with PLIVA, to the Old and/or the
Effective Agreement, or any other agreement concluded with PLIVA, as well as arising from or in
relation to membership in the Management Board or on any other grounds. The President of the Board
hereby waives any other claim he might have against PLIVA or any of its affiliated entities,
excluding the claims arising from this Settlement.
Article 6
This Settlement represents the final agreement of the parties and supersedes any prior oral or
written agreement or arrangement.
This Settlement may be changed only in writing, signed by the authorized representatives of both
contracting parties.
Article 7
This Settlement shall not be assigned or otherwise transferred in whole or in part without the
prior written consent of PLIVA. PLIVA however has the right to such transfer to any of its
affiliated entities in which case it undertakes to promptly inform the other contracting party
thereon.
Article 8
This Settlement shall be exclusively governed by and interpreted in accordance with the Croatian
law.
All disputes arising out of or relating to this Settlement, including such relating to its
validity, breach or termination, and any legal consequence
prestanka,
te na sve pravne učinke
koje iz toga proizlaze, bit će podvrgnuti arbitraži u skladu s
važećim Pravilnikom o arbitraži pri Stalnom izbranom sudištu Hrvatske gospodarske komore
(Zagrebačka pravila). Broj arbitara bit će jedan. Mjerodavno pravo bit će hrvatsko pravo. Jezik
arbitraže bit će engleski, a mjesto arbitraže Zagreb. Ovlaštenik za imenovanje
bit će predsjednik
Stalnog izbranog sudišta.
Članak 9.
U slučaju da bilo koja odredba ove
Nagodbe je ili postane nevaljana, nezakonita ili neizvršiva, to
neće imati utjecaja na njene preostale odredbe i takva će odredba biti zamijenjena odredbom koja
najbolje odgovara svrsi zamijenjen odredbe.
Članak 10.
Ova
Nagodba sastavljena je u četiri istovjetna primjerka, tri za PLIVU i jedan za Predsjednika
uprave. U slučaju bilo kakvih odstupanja u odnosu na hrvatski i engleski tekst ove Nagodbe,
mjerodavan je hrvatski tekst.
thereof shall be finally settled by the arbitration in accordance with the Rules of Arbitration of
the Permanent Arbitration Court at the Croatian Chamber of Economy as in force (the Zagreb Rules).
The number of arbitrators shall be one. The substantive law of Croatia shall be applicable. The
language of the arbitration shall be English and the place of arbitration shall be Zagreb. The
appointing authority shall be the President of the Permanent Arbitration Court.
Article 9
If any provision of this Settlement is or becomes invalid, illegal or unenforceable, then such
provision shall not affect any other provision of this Settlement and such provision will be
replaced by a provision which best meets the purpose of the replaced provision.
Article 10
This Settlement has been executed in four copies,
three to be kept by XXXXX and one by the
President of the Board. In case of any
discrepancies between the Croatian and English
version of the text, the Croatian version shall
prevail
PLIVA d.d. | ||||
Predsjednik Nadzornog odbora/ | ||||
President of the Supervisory Board | ||||
/s/ Xxxxxxxxx Xxx Xxxxxxx | ||||
Xxxxxxxxx Xxx Xxxxxxx | ||||
/s/ Xxxxxx Xxxxx | ||||
Xxxxxx Xxxxx |
EXHIBIT 1
- Overview of Current Number of Option Rights
Date: 23th January 2007
1. OLD CONTRACT
Stock Option Plan from 9.12.2002. to 8.12.2005.
In HRK
Stock Option Estimated as Salary | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
Stock Option Estimated as Capital Income | cost | |||||||||||||||||||||||||||||||||||||||||||||||||||||
Tax for | Tax for | Net | ||||||||||||||||||||||||||||||||||||||||||||||||||||
capital income | capital income | Net | Net salary | Gross* | Contribution | Total | Total salary cost + | Total | salary | |||||||||||||||||||||||||||||||||||||||||||||
Number of | Exercise | Market | CAPITAL | (PLIVA’s | (Emloyee’s | capital | for tax | salary | on salary | salary | capital income | salary | Gross | (44,56% of | ||||||||||||||||||||||||||||||||||||||||
Over period | Options | price | price | INCOME | obligation) | obligation) | income | PLIVA’s obligation | for tax obl. | of 17,2% | cost | cost | cost | salary | gross salary) | |||||||||||||||||||||||||||||||||||||||
9.12.2002-8.12.2003 |
11.200 | 380,64 | 820 | 4.920.832 | 870.987 | 4.920.832 | 870.987 | 1.954.859 | 336.236 | 2.291.094 | 7.211.926 | 7.211.926 | 6.153.521 | 2.742.009 | ||||||||||||||||||||||||||||||||||||||||
9.12.2003-8.12.2004 |
12.200 | 371,02 | 820 | 5.477.507 | 969.519 | 5.477.507 | 969.519 | 2.176.004 | 374.273 | 2.550.277 | 8.027.784 | 8.027.784 | 6.849.645 | 3.052.202 | ||||||||||||||||||||||||||||||||||||||||
9.12.2004-8.12.2005 |
13.200 | 298,72 | 820 | 6.880.896 | 1.217.919 | 6.880.896 | 1.217.919 | 2.733.517 | 470.165 | 3.203.682 | 10.084.578 | 10.084.578 | 8.604.589 | 3.834.205 | ||||||||||||||||||||||||||||||||||||||||
TOTAL: |
36.600 | 17.279.235 | 3.058.425 | 0 | 17.279.235 | 3.058.425 | 6.864.380 | 1.180.673 | 8.045.054 | 25.324.289 | 25.324.289 | 21.607.755 | 9.628.416 |
In USD
Stock Option Estimated as Salary | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
Stock Option Estimated as Capital Income | cost | |||||||||||||||||||||||||||||||||||||||||||||||||||||
Tax for | Tax for | Net | ||||||||||||||||||||||||||||||||||||||||||||||||||||
capital income | capital income | Net | Net salary | Gross* | Contribution | Total | Total salary cost + | Total | salary | |||||||||||||||||||||||||||||||||||||||||||||
Number of | Exercise | Market | CAPITAL | (PLIVA’s | (Emloyee’s | capital | for tax | salary | on salary | salary | capital income | salary | Gross | (44,56% of | ||||||||||||||||||||||||||||||||||||||||
Over period | Options | price | price | INCOME | obligation) | obligation) | income | PLIVA’s obligation | tor tax obl. | of 17,2% | cost | cost | cost | salary | gross salary) | |||||||||||||||||||||||||||||||||||||||
9.12.2002-8.12.2003 |
11.200 | 67,13 | 144,61 | 867.776 | 153.596 | 867.776 | 153.596 | 344.734 | 59.294 | 404.029 | 1.271.805 | 0 .000.000 | 1.085.157 | 483.546 | ||||||||||||||||||||||||||||||||||||||||
9.12.2003-8.12.2004 |
12.200 | 65,43 | 144,61 | 965.996 | 170.981 | 965.996 | 170.981 | 383.753 | 66.006 | 449.759 | 1.415.755 | 1.415.755 | 1.207.982 | 538.277 | ||||||||||||||||||||||||||||||||||||||||
9.12.2004-8.12.2005 |
13.200 | 52,68 | 144,61 | 1.213.476 | 214.785 | 1.213.476 | 214.785 | 482.068 | 82.916 | 564.983 | 1.778.459 | 1.778.459 | 1.517.457 | 676.179 | ||||||||||||||||||||||||||||||||||||||||
TOTAL: |
36.600 | 3.047.248 | 539.363 | 0 | 3.047.248 | 539.363 | 1.210.555 | 208.216 | 1.418.771 | 4.466.019 | 4.466.019 | 3.810.596 | 1.698.002 |
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EXHIBIT 1
- Overview of Current Number of Option Rights
Date: 23th January 2007
*Gross up factor for net: 2,244417013
2. EXISTING CONTRACT
Stock Option Plan for 2006 and in case of change of control | In HRK |
Stock Option Estimated as Salary | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
Stock Option Estimated as Capital Income | cost | |||||||||||||||||||||||||||||||||||||||||||||||||||||
Tax for | Tax for | Net | ||||||||||||||||||||||||||||||||||||||||||||||||||||
capital income | capital income | Net | Net salary | Gross | Contribution | Total | Total | salary | ||||||||||||||||||||||||||||||||||||||||||||||
Number of | Exercise | Market | CAPITAL | (PLIVA’s | (Employee’s | capital | for tax | salary | on salary | salary | Total capital income | salary | Gross | (44,56% of | ||||||||||||||||||||||||||||||||||||||||
Over period | Options | price | price | INCOME | obligation) | obligation) | income | PLIVA’s obligation | for tax obl. | of 17,2% | cost | cost | cost | salary | gross salary) | |||||||||||||||||||||||||||||||||||||||
1.1.2006-31.12.2006 ** |
12.687 | 0,00 | 820 | 10.403.340 | 1.841.391 | 8.561.949 | 10.403.340 | 10.403.340 | 8.876.570 | 3.955.400 | ||||||||||||||||||||||||||||||||||||||||||||
In case of change of
control |
15.000 | 0,00 | 820 | 12.300.000 | 2.177.100 | 10.122.900 | 12.300.000 | 12.300.000 | 10.494.881 | 4.676.519 | ||||||||||||||||||||||||||||||||||||||||||||
TOTAL: |
27.687 | 22.703.340 | 0 | 4.018.491 | 18.684.849 | 0 | 0 | 0 | 0 | 22.703.340 | 22.703.340 | 19.371.451 | 8.631.918 |
In USD
Stock Option Estimated as Salary | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
Stock Option Estimated as Capital Income | cost | |||||||||||||||||||||||||||||||||||||||||||||||||||||
Tax for | Tax for | Net | ||||||||||||||||||||||||||||||||||||||||||||||||||||
capital income | capital income | Net | Net salary | Gross | Contribution | Total | Total | salary | ||||||||||||||||||||||||||||||||||||||||||||||
Number of | Exercise | Market | CAPITAL | (PLIVA’s | (Employee’s | capital | for tax | Salary | on salary | salary | Total capital income | salary | Gross | (44,56% of | ||||||||||||||||||||||||||||||||||||||||
Over period | Options | price | price | INCOME | obligation) | obligation) | income | PLIVA’s obligation | for tax obl. | of 17,2% | cost | cost | cost | salary | gross salary) | |||||||||||||||||||||||||||||||||||||||
1.1.2006-31.12.2006 ** |
12.687 | 0,00 | 144,61 | 1.834.667 | 324.736 | 1.509.931 | 1.834.667 | 1.834.667 | 1.565.416 | 697.549 | ||||||||||||||||||||||||||||||||||||||||||||
In case of change of
control |
15.000 | 0,00 | 144,61 | 2.169.150 | 383.940 | 1.785.210 | 2.169.150 | 2.169.150 | 1.850.811 | 824.721 | ||||||||||||||||||||||||||||||||||||||||||||
TOTAL: |
27.687 | 4.003.817 | 0 | 708.676 | 3.295.141 | 0 | 0 | 0 | 0 | 4.003.817 | 4.003.817 | 3.416.226 | 1.522.270 |
** | For 2006 number of granted shares of 12.687 is calculated for target options of 23.500 shares by average closing price of HRK 377,32 on ZSE in period from 01.01.2005. to 31.12.2005 and by market price of HRK 820,00. The middle foreign exchange rate of National Bank of Croatia used at 11 January 2007 USD 1 = HRK 5,670255 |
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EXHIBIT 1
- Overview of Current Number of Option Rights
Date: 23th January 2007
3. SUMMARY OF OLD AND EXISTING CONTRACTS | CONFIDETIAL | |
Stock Option Plan from 9.12.2002 to 31.12.2006 and in case of change of control | In HRK |
Summary of Stock Option Estimated | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Summary of Stock Option Estimated as Capital Income | as Salary cost | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Tax for | Tax for | Net | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
capital income | capital income | Net | Net salary | Gross | Contribution | Total | Total salary cost + | Total | salary | |||||||||||||||||||||||||||||||||||||||||||||||||||
Number of | Exercise | Market | CAPITAL | (PLIVA’s | (Emloyee’s | capital | for tax | salary | on salary | salary | capital income | salary | Gross | (44,56% of | ||||||||||||||||||||||||||||||||||||||||||||||
Over period | Options | price | price | INCOME | obligation) | obligation) | income | PLIVA’s obligation | for tax obl. | of 17,2% | cost | cost | cost | salary | gross salary) | |||||||||||||||||||||||||||||||||||||||||||||
ALLTOTAL: |
64.287 | 39.982.575 | 3.058.425 | 4.018.491 | 35.964.084 | 3.058.425 | 6.864.380 | 1.180.673 | 8.045.054 | 48.027.629 | 48.027.629 | 40.979.206 | 18.260.334 |
In USD
Summary of Stock Option Estimated | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Summary of Stock Option Estimated as Capital Income | as Salary cost | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Tax for | Tax for | Net | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
capital income | capital income | Net | Net salary | Gross | Contribution | Total | Total salary cost + | Total | salary | |||||||||||||||||||||||||||||||||||||||||||||||||||
Number of | Exercise | Market | CAPITAL | (PLIVA’s | (Emloyee’s | capital | for tax | salary | on salary | salary | capital income | salary | Gross | (44,56% of | ||||||||||||||||||||||||||||||||||||||||||||||
Over period | Options | price | price | INCOME | obligation) | obligation) | income | PLIVA’s obligation | for tax obl. | of 17,2% | cost | cost | cost | salary | gross salary) | |||||||||||||||||||||||||||||||||||||||||||||
ALLTOTAL: |
64.287 | 7.051.065 | 539.363 | 708.676 | 6.342.389 | 539.363 | 1.210.555 | 208.216 | 1.418.771 | 8.469.836 | 8.469.836 | 7.226.822 | 3.220.272 |
Zagreb, 23 January 2007
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EXHIBIT 1
REVIEW
OF SALARY FROM 01.01.2007 — 30.06.2010.AND OF TARGET BONUS FOR 2006.
In EUR
TOTAL salary cost | ESTIMATION TOTAL | |||||||||||||||||||
(with contribution | NET SALARY | |||||||||||||||||||
Annual gross | Target gross bonus (60% of | on gross salary of | (44,56% of gross | |||||||||||||||||
For year | salary | annual gross salary) | TOTAL gross salary | 17,2%) | salary) | |||||||||||||||
TOTAL |
1.505.000,00 | 258.000,00 | 1.763.000,00 | 2.066.236,00 | 785.592,80 | |||||||||||||||
TOTAL EXLUDED NOTICE |
||||||||||||||||||||
PERIOD OF 6 MONTHS |
1.290.000,00 | 258.000,00 | 1.548.000,00 | 1.814.256,00 | 689.788,80 |
In USD
TOTAL salary cost | ESTIMATION TOTAL | |||||||||||||||||||
(with contribution | NET SALARY | |||||||||||||||||||
Annual gross | Target gross bonus (60% of | on gross salary of | (44,6% of gross | |||||||||||||||||
For year | salary | annual gross salary) | TOTAL gross salary | 17,2%) | salary) | |||||||||||||||
TOTAL |
1.955.446,41 | 335.219,39 | 2.290.665,80 | 2.684.660,32 | 1.020.720,68 | |||||||||||||||
TOTAL EXLUDED NOTICE |
||||||||||||||||||||
PERIOD OF 6 MONTHS |
1.676.096,93 | 335.219,39 | 2.011.316,31 | 2.357.262,72 | 896.242,55 |
The middle foreign exchange rate of National Bank of Croatia used at EUR 1 = USD |
11 January 2007 1,299299943 |
Zagreb, 29 January 2007