Tech Data 2014 Annual Report Download - page 141

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4
4.
TERM OF THE CONTRACT
4.1.
The terms and conditions of this contract of employment will be effective as from the date of signing and both parties mutually agreed to
enter into the contract for an indefinite period of time.
4.2.
The terms and conditions of this Agreement will be in force as from October 1, 2013.
5.
BASE SALARY
5.1.
The Executive shall receive a Base Salary, which amounts to EUR 620,823.64 gross per year, payable in 12 equal installments. The Base
Salary may be reviewed, but not necessarily increased, at the discretion of the Company from time to time.
5.2.
The Company shall apply the relevant tax withholdings and social security contributions discounts on behalf of the Executive according
to the legislation in force from time to time.
6.
BONUS
6.1.
The Executive shall be entitled to participate in the Bonus Plan of Tech Data Corporation in force from time to time from time to time,
and subject to the targets and goals set out on an annual basis.
6.2.
For the fiscal year 2014, the Target Annual Incentive will be 85% of the Base Salary defined in clause 5.1 of this Agreement. The
Target Annual Incentive will be weighted as follows:
•
25% Worldwide EPS
•
25% Regional OI/CM $
•
25% Regional OI/CM %
•
25% Regional ROIC.
6.3.
The Executive will be entitled to a Bonus payment contingent to the achievement of the targets and the scale provided by the Tech
Data Companies from time to time. The scale may provide for multipliers or dividers for the purposes of calculating the Bonus
payment.
6.4.
Bonus plan is normally in force on annual basis. The Executive acknowledges and accepts that participation in one year does not
constitute a guarantee to benefit from the terms and conditions of the bonus plan in future years.
7.
BENEFITS