WeightWatchers 2015 Annual Report Download - page 131

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These duties and responsibilities may be modified or changed in order to use in the best way the skills and abilities of the Employee
in light of the Company’s needs and organizational and adaptability objectives.
In the framework of her duties as “ President – Continental Europe”, the Employee has a high degree of accountability and benefits
from a large autonomy in the performance of her work and in the organisation of her schedule. In addition, she is duly empowered to
take decisions involving the Company and classified in the highest level in the Company. Thus, the Employee is involved in the
Company executive management.
As a result, the Employee belongs to the category of senior executive status (“cadres dirigeants”) with the meaning set out in
article L. 3111-2 of the French Labour Code. Thus, the Employee is not subject to the provisions of the French Labour Code related
to the duration of work, daily rest, bank holidays and the day of solidarity (“journée de solidarité”).
The Employee benefits however from provisions of the French labour Code regarding paid vacations as well as the time saving
account as the case may be.
For information purposes, the Employee’s main place of work is located at 7 boulevard des Chênes – Parc Ariane – Bâtiment Mars –
78280 Guyancourt.
In the framework of the execution of her duties, the Employee shall travel in connection with her employment in France and abroad.
The Employee hereby agrees to travel in connection with her employment for periods that may (accumulatively but not continuously)
exceed three months, without constituting a modification of her employment contract.
However, it is agreed that, considering the nature of the Employee’s activity and the requirements linked with the organization and
smooth running of the Company, the Company may change the Employee’s work place within the administrative areas
(“départements”), of the Paris region, subject to a reasonable notice.
5.1 Base Salary
In consideration of the performance of her duties, the Employee shall receive an annual salary of a fixed amount of EUR 290,606.61
gross (the “Base Salary”) paid in 12 (twelve) equal monthly instalments, i.e. a gross monthly base salary of EUR 24,217.22, from
which shall be deducted the social security contributions and other contribution required by law or the applicable collective
bargaining agreements as the case may be.
The Employee’s salary is subject to review periodically in compliance with policies applicable within the Company.
5.2 Annual Bonus
In addition to the Base Salary, the Employee shall be entitled to an annual variable remuneration of up to 45% of the annual Base
Salary (the “Annual Bonus”). The Annual Bonus may exceed 45%, if the Company decides that it is appropriate to increase the
payment.
The bonus is awarded at the sole discretion of the Company .
The Emplo
y
ee will also be eli
g
ible to be included in the Wei
g
ht Watchers International (WWI) Stock Option Plan.
3.
WORKING
TIME
4.
PLACE
OF
WORK
5.
R
EMUNERATION