ORACLE Software (Switzerland) Ltd
Liab Co
Oracle House
Täfernstrasse 4
CH — 5405 Baden-Dättwil AG
(hereinafter referred to as the
“Company”)
Mr. Loic LE GUISQUET
[Address]
(hereinafter referred to as the
“employee”)
1
We are please
to set out, with this contract, the terms of your transfer from
Paris to Geneva.
You are offered
the position of Vice President Oracle University EMEA, reporting to
John Hall and Pier Carlo Falotti.
Your starting
date in Geneva will be approximately 15 November 1999. This is
conditional upon our receiving your work/residence permit from the
Swiss Authorities.
Your initial
annual OTE (On Target Earnings) will be as follows:
|
|
|
|
|
|
|
|
|
Sfr.
264’000.-
|
|
|
|
|
|
Sfr.
194’000.-
|
|
|
|
|
|
Sfr.
458’000.-
|
|
|
Your gross
annual base salary of Sfr. 264’000.- includes the 13
th instalment and is paid over 12 monthly
payments.
The Target
Sheet is an integral part of this agreement and defines the target
income for each Fiscal Year separately.
The minimum
working hours for full-time employees are 40 hours per week. For
employees in a part-time position, the working hours are reduced in
relation to their percentage of employment. However, the company
expects its employees to complete their assignments in accordance
with Oracle’s high quality standards and in a timely
manner.
You will be
enrolled under Oracle’s Swiss benefit plan, which covers life
insurance, disability and retirement programs. All pension related
benefits will be accrued from your start date in Geneva.
The accident
and sickness benefit insurance as well as the pension plan are
outlined in the attached regulations and are integral components of
this employment agreement.
Swiss Social
Security (AVS/AI):
You will be
enrolled under the mandatory Swiss social security plan (AVS/AI)
and unemployment insurance.
The Company
will cover you for any waiting periods during which you are not
eligible to receive these social security benefits.
Compulsory
Insurance (AVS,
Unemployment, Accident)
The costs
hereof are equally paid by the employer and the employee, each 50%
(fifty per cent).
2
You will be
required to subscribe to a private Swiss medical insurance. The
Company will contribute to your personal illness insurance costs by
paying 50% of the monthly premium up to a maximum amount of Sfr.
100.-.
The vacation
entitlement for full-time employees is 25 working days per Fiscal
Year during the first three years of employment. During the fourth
and fifth year the entitlement is 26 working days; during the sixth
and seventh 27 working days, and from the eighth year on 28 working
days per Fiscal Year. For employees older than 50 years, the
yearly entitlement is 28 working days per Fiscal Year. For
employees in a part-time position, the entitlement will be reduced
according to their percentage of employment.
The vacation
entitlement will be pro-rated in the event the employment starts or
ends during the Fiscal Year.
Official
holidays within the employee’s vacation period shall be added
to his/her vacation entitlement.
Vacation dates
and their respective duration shall be mutually agreed upon in
order to take the employee’s desires as well as the
company’s interests into adequate consideration.
Familiarisation/house hunting
visits
You are
eligible to two trips to Geneva. During the first visit,
you’ll meet with Price Waterhouse Tax consultant and have the
opportunity to have a look at some accommodations in the Geneva
Canton. The second visit is meant for you to select the right
accommodation.
To assist you
in adapting to local conditions and spending patterns in Geneva,
you will receive a lump sum payment of Sfr. 39’600.-
representing 15% of you annual base salary.
Miscellaneous Relocation Payment
You are
entitled to a payment of Sfr. 12’000.- to assist you in
defraying miscellaneous costs related to your move to Geneva which
are not specifically covered under the provisions of this
contract.
The Company
will pay for economy/business class airfares for you and associated
transportation costs from your country of residence to Geneva,
consistent with corporate business travel guidelines.
If you elect
alternative means of transportation or non-direct routing, the
Company will reimburse actual and reasonable expenses not to exceed
the cost of the direct airfare (one way) between your
3
country of
residence to Geneva. If you travel by car, you will be reimbursed
according to the Company business mileage policy in effect at the
Host Location not to exceed the cost of the direct air fare (one
way).
You are
entitled to up to thirty (30) days of temporary living both in
France and Geneva if necessary. During temporary living, the
Company will reimburse actual and reasonable expenses for lodging
and car rental while waiting for your furniture or looking for
suitable accommodation. If you stay in an hotel, you will receive a
Per Diem of Sfr. 210.- during temporary living to cover incremental
costs of meals and any other miscellaneous expenses.
Transportation/Storage of Household
Goods
If required,
the Company will pay for the transportation of your personal and
household possessions including packing, unp