Tech Data 2014 Annual Report Download - page 139
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Please find page 139 of the 2014 Tech Data annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.-
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Third.-
As President, Europe, the Executive will have managerial responsibilities over the Company as well as over other subsidiaries and
affiliates of Tech Data Corporation in Europe. The Executive will also be a Director of Tech Data Spain.
Fourth.-
Based on the foregoing, the Parties agree that the Executive will be rendering services as President, Europe, localized in Spain, and
employed by Tech Data Spain under the terms and conditions agreed in this Agreement. The Parties also agree that the Executive will be entitled
to the terms and conditions of the US Severance Plan in force for officers and employees of an executive level at Tech Data Corporation as of
the effective date of this Agreement, October 1, 2013.
Fifth.-
The Parties mutually recognize the legal capacity in which they act and enter into this Special Top Executive Contract of Employment,
pursuant to article 2.1.a) of the Workers’
Statute Act and Royal Decree 1382/1985, of August 1, which regulates the special Top Executive
employment relationship.
The Parties, being in agreement, enter into this Agreement in accordance with the following
CLAUSES
2
1.
TITLE AND RESPONSIBILITIES
1.1.
The Executive shall hold the position of President, Europe and will manage, with the full responsibility and initiatives pertaining thereto,
the Spanish operations as well as the operations run by other European subsidiaries or affiliates of Tech Data Corporation. The Executive
will carry out the roles and responsibilities over the management of the Company as directed by the Company from time to time.
1.2.
The Executive shall also be a Director of the Company.
1.3.
The holding of positions as Director at the Board of Directors of the Company or of the Board of Directors of other subsidiaries or
affiliates of Tech Data Corporation in Europe will be part of the Executive roles and responsibilities and will not require any payment in
addition to the compensation and benefits structures set forth in clause 5 of this Agreement.