Back to top

BONUS COMPENSATION PLAN

Employee Bonus Plan Agreement

BONUS COMPENSATION PLAN You are currently viewing:
This Employee Bonus Plan Agreement involves

JAFRA WORLDWIDE HOLDINGS LUX SARL | Jafra Cosmetics International, Inc.

. RealDealDocs™ contains millions of easily searchable legal documents and clauses from top law firms. Search for free - click here.
Title: BONUS COMPENSATION PLAN
Date: 12/20/2006

Search Employee Bonus Plan Agreement by:

Document Title:

Entire Document: (optional)

50 of the Top 250 law firms use our Products every day
exv99w1
 

Exhibit 99.1

JAFRA

Private — Confidential

Enrique Marco
c/o Jafra Cosmetics International, Inc.
2451 Townsgate Road
Westlake Village, CA 91361

USA

19th December, 2006

Dear Mr. Marco,

Pursuant to section 3.3 of your employment agreement dated 12th January, 2006, as well as the Additional Bonus Compensation Letter dated 12th January, 2006, you are eligible for a bonus compensation at the discretion of the company.

Please find attached the new bonus plan as of 1st January, 2007. We would appreciate your acknowledgement of receipt of this new bonus plan but please understand whether you execute this or not does not change the contents of this new bonus plan.

Also, we would like to confirm that the guaranteed bonus for 2006 amounting to USD 114,000 gross per annum (payable pro rated, i.e. USD 76,000 gross) will be paid to you in April, 2007.

Furthermore, we have the pleasure to inform you that because of your contribution to the success of Jafra during this year we would like to pay to you a one-off premium of USD 30,000 gross, payable in December, 2006.

We wish you all the best for your future tasks to come and we are hoping for a further successful co-operation.

Yours sincerely,

This is only a partial view of this document. We have millions of legal documents and clauses drafted by top law firms. learn more search for free browse for free learn more