EMPLOYMENT
AGREEMENT
STAAR Surgical
AG is entering into an Employment Contract as per Article 319ff of
the Swiss Obligation Law with
Mr. Hans Martin
Blickensdoerfer
Born on 16
January 1965 in Germany:
1. Position
and Tasks in the Company
1.1
Position
The Employee is
employed as Vice President Sales & Marketing.
1.2
Tasks
The main tasks
of the Employee are mentioned in Addendum A).
2. Start
and Duration of the Employment
2.1
Start
The beginning
of the Employment relationship is on January 1st, 2005.
2.2
Time of Probation
There is no
probation period agreed upon.
2.3
Duration
The employment
relationship is entered into for an undetermined period of
time.
3. Salary
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The Employee
will receive an annual basic gross salary of CHF 195,000.00 paid
over 12 months, of CHF 16250.000 with a bonus on the achievement of
preset objectives of 25% of this salary and 35,000 options at the
price of the day of the start of employment with STAAR Surgical
AG.
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The Employee
is, according to Swiss and Bernese law, entitled to child support
payments. All changes concerning the above payments have to be
communicated o the Employer within seven days.
3.2
Deductions
The following
will be deducted, according to law and regulations, from the gross
salary:
c) Non-professional
accident insurance (SUVA)
e) Insurance
for loss of earnings in case of sickness
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If the Employer
grants special compensations (gratification, service awards, etc.)
it represents voluntary performance by the Employer, which, even
when paid several times, does not give the right to a
claim.
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4. Vacation
Th
