METTLER-TOLEDO INTERNATIONAL INC. FORM 10-Q 06/30/2003 EXHIBIT 10.1


Exhibit 10.1

 


Mr. Beat E. Lüthi

Klusstrasse 17

8032 Zürich





	Date 	October 31, 2002
	Reference 	PB/vg
	Direct Dial 	+41 1 944 22 85
	Telecopier 	+41 1 944 22 55








Employment Agreement



between Mettler-Toledo International Inc., 

and Beat Lüthi, born on January 12, 1962, citizen of Switzerland


The parties enter into an employment agreement on the terms and conditions set forth below:



		
	Function	Head of Laboratory Division and member of the Group
		Management Committee (GMC) of the METTLER TOLEDO Group.
	Employing Company /

		Position Location	Mettler-Toledo International Inc., Greifensee Branch,
	CH-8606 Greifensee, Switzerland. If not otherwise stipulated in
	this agreement, the Human Resources Policy and the General Rules
	of Employment including Benefit Plans of METTLER TOLEDO's Swiss
	operations as actually valid and as may be amended from time to time apply.
	Remuneration	Base Salary of CHF 360'000.-- gross per annum, payable in twelve
		equal monthly installments of CHF 30'000.--.

		Participation in the Incentive Plan POBS Plus for Members of the Group
		Management of METTLER TOLEDO. Regulations valid as of March 14, 2000 are enclosed.

		The Bonus is based and calculated on the grade of target achievement at the
		end of the business year as follows:

		-	4.50% of base salary for the range of 90 - 110 target points;

		-	3.75% of base salary for the range of 111 - 130 target points.

		For business year 2003, the bonus will be pro-rated.


	Expenses		Expense Allowance according to the "Spesenreglements-ergänzung Gruppenleitung"
		of CHF 10'500.-- per annum, payable in twelve monthly installments of CHF 875.--.
		No commuting allowance will be paid.

	Stock Options	Participation in the METTLER TOLEDO Stock Option Plan
		as actually valid and as may be amended from time to time. Beat Lüthi receives a
grant of 50'000 stock options as of the date of this agreement with an exercise
price equal to the NYSE closing price of METTLER TOLEDO's shares on the date of this agreement.

	Personnel Insurance	Participation in the Mettler-Toledo Fonds (pension plan for the Swiss based
		members of the GMC).

		Additional Accident Insurance, Disability Insurance (coverage of salary in case
		of illness and accident).

		The premiums of these insurances are fully covered by METTLER TOLEDO.

		The base for the insured salary in the Mettler-Toledo Fonds and other personnel
		insurances is CHF 403'380.-- (112.05 % of Base Salary).


	Holidays	30 working days per calendar year, incl. compensation
		for overtime ("Zeitregelung mit pauschaler Abgeltung").

	Non-Competition 	While Beat Lüthi is employed by METTLER TOLEDO, and for a period of twelve
		months after the termination of his employment, Beat Lüthi shall not knowingly
		engage in or be employed in any business anywhere in the world which competes
		with the principal businesses of METTLER  TOLEDO.
	Duration / Notice Period	This employment agreement will start on March 1, 2003. It is of unlimited
		duration; for termination, a notice period of twelve months for both parties
		applies.
	Applicable Law and 

		Jurisdiction	This agreement shall be governed by Swiss Law. All disputes concerning the
		terms and conditions of this agreement shall be brought before the ordinary
		courts in the Canton of Zurich, Switzerland.






			
	Mettler-Toledo International Inc.	The Employee



	Robert F. Spoerry	Peter Bürker	Beat E. Lüthi
	Chief Executive Officer	Head Human Resources	








Enclosure