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letter agreement

Executive Employment Agreement

letter agreement | Document Parties: Manpower Inc You are currently viewing:
This Executive Employment Agreement involves

Manpower Inc

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Title: letter agreement
Date: 2/20/2009
Industry: Business Services     Sector: Services

letter agreement, Parties: manpower inc
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Exhibit 10.11(b)  

                                                                                                                       

  Manpower Inc. 

 

Manpower Holdings Limited

  5301 North Ironwood Road

 

The Old Dairy

  Milwaukee, Wisconsin 53217

 

Griffin Farm

 

 

Toddington, UK

 

 

 

 

 

 

 

 

Effective April 1, 2008

 

 

 

Ms. Barbara Beck:

 

We have agreed as follows with respect to the compensation to be paid and the other benefits to be provided to you in connection with your employment relocation by Manpower Inc. (the “Corporation”) and in accordance with that letter agreement between you and the Corporation dated December 20, 2005 (the “Assignment Letter”):

 

     1.   Position .  In connection with your relocation by the Corporation, effective as of April 1, 2008, your employment will be with the Corporation as President - Europe, Middle East and Africa (“President - EMEA”).  As President - EMEA, you will perform such duties as may be assigned to you from time to time, and as may be consistent with the position of President - EMEA, as determined by the Corporation’s Chief Executive Officer.  You agree to devote your best efforts and full business time to the performance of the duties assigned to you.  Your base of operations for the performance of your duties will be Milwaukee, Wisconsin.

 

     2.   Term .  The Term referred to in the Assignment Letter will end effective March 31, 2008.

 

     3.   Housing .  Notwithstanding the end of the Term in the Assignment Letter, Manpower Holdings Limited (“Holdings”) shall continue to permit you use the property at 4 Aspen Court in Surrey, England while you are in London until the expiration of the lease on such property on July 7, 2008.

 

     4.   Tax Preparation .  Your income tax returns for any year or partial year while you continue in your position as President - EMEA for income earned during that period, shall be prepared by a nationally recognized accounting firm of the Corporation’s choice, and the Corporation agrees to directly pay the fees charged by such firm to prepare such tax returns upon the Corporation’s receipt of such invoices from the accounting firm.

 


     5.   Tax Protection .  The Corporation will reimburse you for the total United States (state and federal) and foreign taxes incurred by you related to your base salary, bonus, equity compensation and benefits received by you under this letter agreement as a result of your position as President - EMEA and the business travel you perform in furtherance of your duties as President - EMEA, in excess of the total United States (state and federal) taxes you would have incurred as a result of receiving such payments if you worked exclusively within the United States.  As noted, the Corporation’s obligation to reimburse you for such excess taxes relates only to items of income and b


 
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