EXHIBIT (10-3)
Summary of personal benefits
available to certain officers and non-employee directors
ADDITIONAL PROGRAMS AVAILABLE TO CERTAIN
OFFICERS AND NON-EMPLOYEE DIRECTORS
I. Certain Officer
Programs
The following is a summary of
programs that are available to employees at the President level or
higher (“Eligible Employees”).
Financial
Counseling
The Financial Counseling Program is
a reimbursement program designed to address the special financial
planning needs of Eligible Employees. The Company provides a
one-time initial reimbursement of up to $12,500 for program set-up,
to include initial consultations with tax and financial experts and
tax and financial counseling for the initial year in which the
employee participates in the program. Thereafter, the company
reimburses Eligible Employees up to $8,500 annually for tax and
financial counseling services.
The amounts described above are
maximum reimbursement levels and may be used only for eligible
expenses. Reimbursements may not be used for broker, portfolio
management or similar fees, and the Company does not make cash
payouts of any unused allowances.
Executive Physical
The Company will reimburse the cost
of an annual physical examination for each Eligible
Employee.
Personal Security
The Company provides personal
security services such as home security systems/monitoring and
secured workplace parking to the Chief Executive Officer, Chief
Operating Officer, President-Global Business Units, Chief Financial
Officer and the Vice-Chairs of the Company, at Company expense. In
addition, The Global Human Resources Officer may approve personal
security services to other Company Employees where appropriate,
again at Company expense.
Spouse and Personal
Travel
The Company holds two or three
senior management meetings each year when executives
