Basic Salary and Benefits. Your base salary will be increased to $270,000 per year, effective June 1, 2008, less all required withholdings and deductions and compensates you for all hours worked. You will remain on the US payroll and payroll cycles. During the Assignment, your salary plus an annual amount of $35,920 to address the higher cost of living in the host country will be paid semi-monthly in home country currency to the U.S. bank account designated by you. The cash payment will be net of your mandatory home country obligations such as medical benefits, hypothetical tax, or other home country obligations. The cost of living amount will be paid for the duration of the Assignment. You will receive an annual performance review on your home country annual review date. You will be eligible to participate in the following benefits programs: health care coverage, dental, 401(k), life insurance, vacation, etc., normally provided to employees in the United States, and your benefits eligibility will be based on your original seniority date with the Company. In addition, during the Assignment the Company will enroll you and your dependants in an international health plan. Should you receive any legally required host country payments, they will be applied as offsets against your salary, or incentive compensation, or allowances and/or home country benefit entitlements.
Basic Salary and Benefits. Your base salary is $265,000, less all hypothetical U.S. tax withholdings and agreed and required deductions, including those in accordance with the Company’s tax equalization policy. Your salary may change during your Assignment in accordance with the Company’s policies and annual review cycles. The Base Salary will be paid in the Company’s normal course and compensates you for all hours worked. As an exempt employee you are not eligible for overtime. You (and your family when applicable) will be eligible to participate in the following Company benefits programs during your Assignment: Medical, dental, disability, emergency evacuation, and life insurance pursuant to the Company’s “Ex Xxx” plan with Aetna. The Company has also agreed to pay tuition and fees, including bus service, to enroll both of your children in the American School of London for the 2014-2015 school year and the 2015-2016 school year. The Company will pay the tax liability relating to this tuition benefit. In addition, the Company has agreed to pay an additional amount of $100,000 for the period from July 2015 through June 2016, in recognition of the salary your spouse is forgoing for the 2014-2015 academic year. This will be payable in monthly amounts of $8,333.33, but will be paid independent of employment arrangements (e.g., if the Company requires you to relocate or terminates your service, the full amount will be payable); provided that if you leave the Company voluntarily, such payments will cease as of the date of your termination.
Basic Salary and Benefits. You will remain on the US Etsy payroll and your base salary will change to $450,000 USD per year, less all required withholdings and deductions. This salary compensates you for all hours worked. You will receive an annual salary and performance review during Etsy’s annual review period. You will continue to be paid on U.S payroll on a semi-monthly basis in the Company’s normal course. You will continue to be eligible to participate in the benefits programs normally provided to Etsy employees in the U.S., with the exception of medical, dental, and vision benefits. Your medical, dental, and vision benefits will be transitioned to Etsy’s Cigna expatriate plan with a target enrollment date of September 1, 2022. This change will ensure you have health coverage throughout the U.S. and the UK. With respect to all benefits, your benefits eligibility will be based on your original seniority date with the Company.
Basic Salary and Benefits
