ALLOWANCE FOR EXTRA-TERRITORIAL COSTS FROM
THE COMPANY, EQUAL TO 30/70 OF THE ADJUSTED WAGES FROM CURRENT EMPLOYMENT (THE
"ALLOWANCE").
(C)
THE EMPLOYEE IS AWARE OF THE FACT THAT, IN VIEW OF THE APPLICABLE
REGULATIONS, AN ADJUSTMENT TO THE REMUNERATION AGREED UNDER THIS SECTION MAY
AFFECT ALL CONSIDERATIONS AND BENEFITS THAT ARE LINKED TO WAGES FROM CURRENT
EMPLOYMENT SUCH AS PENSION RIGHTS AND SOCIAL SECURITY BENEFITS.
(D)
THE INTENTION OF THIS SECTION IS TO AUTOMATICALLY APPLY SECTION 9 OF THE
1965 PAYROLL TAX IMPLEMENTATION DECREE TO ALL ELEMENTS OF WAGES FROM CURRENT
EMPLOYMENT THAT CAN BENEFIT FROM THIS SPECIAL PROVISION.
(E)
THE EMPLOYEE ACKNOWLEDGES AND AGREES THAT, AS A RESULT OF THE ADJUSTMENTS
DESCRIBED IN CLAUSES (A) AND (B), THE EMPLOYEE'S ADJUSTED BASE SALARY (THE
"ADJUSTED BASE SALARY") SHALL EQUAL 70/100 OF THE PREVIOUSLY AGREED BASE
SALARY.
THE EMPLOYEE HEREBY CONSENTS TO THIS ADJUSTMENT AND AGREES THAT IT
SHALL NOT CONSTITUTE A BREACH OF THIS AMENDED AGREEMENT OR GIVE RISE TO ANY
RIGHTS ON THE PART OF THE EMPLOYEE.
FOLLOWING ANY ADJUSTMENT HEREUNDER, ALL
REFERENCES IN THIS AMENDED AGREEMENT TO BASE SALARY SHALL BE DEEMED TO REFER TO
THE EMPLOYEE'S TOTAL BASE COMPENSATION, WHICH SHALL EQUAL THE SUM OF THE
ADJUSTED BASE SALARY AND AN ALLOWANCE EQUAL TO 30/70 OF THE ADJUSTED BASE
SALARY.
FOR THE AVOIDANCE OF DOUBT, THE TERM "ORIGINALLY AGREED UPON WAGES FROM
CURRENT EMPLOYMENT" SHALL REFER TO THE WAGES FROM CURRENT EMPLOYMENT IN EFFECT
IMMEDIATELY PRIOR TO THE ADJUSTMENTS DESCRIBED IN CLAUSES (A) AND (B).
6.
DURATION OF THE AMENDED AGREEMENT AND TERMINATION
(A)
THIS AMENDED AGREEMENT SHALL BE IN FORCE FOR AN INDEFINITE PERIOD OF TIME.
THE COMPANY AND EMPLOYEE EACH MAY TERMINATE THIS AMENDED AGREEMENT BY PROVIDING
AT LEAST ONE MONTH'S PRIOR WRITTEN NOTICE IN A "NOTICE OF TERMINATION" TO THE
OTHER PARTY HERETO IN ACCORDANCE WITH SECTION 17 (OR SUCH LONGER NOTICE AS MAY
BE REQUIRED BY LAW).
THE COMPANY SHALL BE ENTITLED TO PROVIDE PAY IN LIEU OF
NOTICE WHERE PERMITTED BY APPLICABLE LAW.
NO NOTICE SHALL BE REQUIRED IN THE
EVENT OF A TERMINATION FOR URGENT CAUSE ("DRINGENDE REDEN").
FOR PURPOSES OF
THIS AMENDED AGREEMENT, A "NOTICE OF TERMINATION" SHALL MEAN A NOTICE WHICH
SHALL INDICATE THE SPECIFIC TERMINATION PROVISION IN THIS AMENDED AGREEMENT
RELIED UPON, SHALL SET FORTH IN REASONABLE DETAIL THE FACTS AND CIRCUMSTANCES
CLAIMED TO PROVIDE A BASIS FOR TERMINATION OF THE EMPLOYEE'S EMPLOYMENT UNDER
THE PROVISION SO INDICATED AND SHALL ATTACH ANY PRIOR NOTICES REQUIRED UNDER
THIS SECTION 6.
(B)
IN THE EVENT OF A TERMINATION OF THE EMPLOYEE'S EMPLOYMENT (1) BY THE
COMPANY WITHOUT CAUSE OR (2) BY THE EMPLOYEE FOR GOOD REASON (AS SUCH TERMS ARE
DEFINED
3
BELOW), THE COMPANY SHALL PAY TO (OR IN THE CASE OF BUSINESS EXPENSES PURSUANT
TO CLAUSE (I), REIMBURSE) THE EMPLOYEE, OR HIS ESTATE IN THE EVENT OF HIS DEATH,
WITHIN THIRTY (30) DAYS FOLLOWING THE DATE OF TERMINATION, (I) THE EMPLOYEE'S
BASE SALARY THROUGH THE DATE OF TERMINATION (AS DEFINED BELOW) AND OUTSTANDING
BUSINESS EXPENSES (TO THE