Logitech 2014 Annual Report Download - page 150

Current text Proposed Text Explanation
Article 18 [Unchanged]
[New Section] C. MANAGEMENT TEAM
Article 18 bis
[No corresponding provision] The Company or companies controlled
by it may enter into agreements
relating to the compensation of the
members of the Management Team (the
“employment agreements”). Fixed-
term employment agreements shall
run for a maximum period of one year.
Employment agreements entered into
for an indefinite period of time shall be
subject to a maximum notice period of
one year.
ECLCO requires
that the Articles of
Incorporation of the
Company specify the
maximum duration
and notice period
for agreements
that define the
remuneration of
the members of the
Board of Directors
and Management
Team, which cannot
exceed one year in
each case.
Employment agreements entered into
with members of the Management
Team may contemplate a prohibition
of competition after termination of the
relevant employment agreement. The
total consideration for a prohibition
of competition that applies after
termination of an employment
agreement and expiration of the
applicable notice period, if any, shall
not exceed, with respect to the entire
period during which the prohibition of
competition applies, the total annual
compensation of the relevant member
of the Management Team.
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