Exhibit 99.1
FOREIGN ASSIGNMENT
AGREEMENT
Introduction
This Foreign Assignment Agreement is
made this 18th day of August, 2009, by and between Nalco Company
(or a designated affiliate) (“Nalco”) and Steve Taylor.
Mr. Taylor is currently President, Energy Services, based in a
home location of Houston, Texas. Nalco wishes to transfer
Mr. Taylor for a limited foreign assignment in Dubai, UAE.
This Agreement is based on Mr. Taylor having a family size of
four and the benefits provided herein may be adjusted by Nalco if
Mr. Taylor’s family size changes.
The following is a description of
those benefits that Nalco will provide or arrange to provide to
Mr. Taylor as a result of his foreign assignment to
Dubai:
Assignment
Mr. Taylor’s foreign
assignment will commence on or about September 1, 2009 and his
foreign assignment location will be Dubai, UAE. Mr. Taylor
will continue to hold the position of President, Energy Services,
and he will continue to report to the Chief Executive Officer. This
Agreement is for the first year of his foreign assignment and will
be reviewed each year during his foreign assignment.
Employee
Benefits
Mr. Taylor will be provided
with the health insurance benefits as other similarly situated
employees in Dubai and he shall make the same required
contributions, though payroll deductions as similarly situation
employees in Dubai. Health insurance benefits for employees in
Dubai are currently administered through Axa. Enrollment details
will be provided to Mr. Taylor at the commencement of his
foreign assignment.
Mobility
Premium(s)
Nalco will pay or arrange the
payment of a mobility premium to Mr. Taylor at the beginning
of his assignment equal to 10% of his base pay ($36,000). This
premium will be paid in local currency. Nalco will pay or arrange
the payment of a mobility premium equal to 10% of
Mr. Taylor’s then-effective base pay at the end of this
limited assignment if the limited assignment continues for a
minimum of 24 months.
Waiver of Certain
Benefits
As described herein, Mr. Taylor
will waive certain benefits typically provided to Nalco employees
accepting foreign assignments.
Hardship Allowance
Mr. Taylor will not be provided
a hardship allowance and waives any claim to a hardship
allowance.
Housing & Utilities
Allowance
The Housing & Utilities
Allowances are designed to cover the additional cost of housing and
utilities in the host location. The full housing allowance, equal
to the actual cost of unfurnished rental accommodations, up to a
maximum of $80,336 per year, will be paid by Nalco to
Mr. Taylor when he occupies the rental housing in Dubai. As
traditional real estate practice in Dubai requires advance payment
of rental for up to one year, this advance amount will be paid upon
presentment of an invoice or contract.
Mr. Taylor will not be provided
a utilities allowance and waives any claim to a utilities
allowance.
Goods & Services
Allowance (G&S)
The G&S Allowance represents the
current difference between the cost of goods and services
(excluding housing) in the foreign location as against the home
country. The calculation of this differential is based on family
size on assignment and base salary. Mr. Taylor will be paid a
G&S Allowance of $33,264 for the first year of his assignment
commencing on his location relocation.
Educational
Allowance
Mr. Taylor will not be provided
an education allowance and waives any claim to an education
allowance.
Furnishings and Appliances
Allowance
Mr. Taylor will not be provided
a furnishing and appliances allowance and waives any claim to a
furnishing and appliances allowance.
Household Goods
Transportation & Storage Expenses
Nalco will cover t
