EXPATRIATION ALLOWANCE definition
EXPATRIATION ALLOWANCE. The expatriation allowance set forth in article 6 will be calculated on the basis of a percentage determined by the number of days spent abroad which will be applied to the sum of the gross base salary and gross annual performance-based commissions due to the Employee in accordance with article 5 set forth above. At the date hereof, the parties provide that the Employee will spend at least 90 days per year abroad thereby giving rise to the payment of an expatriation allowance calculated on the basis of a rate of 30%. For the year 2000, this expatriation premium will amount to US $110,770, i.e. FRF722,162 based on salary and performance-based commissions as set forth in article 5 above. This allowance will be paid every month as an advance. If the Employee does not meet the condition related to the number of days, the advances made will have to be reimbursed by the Employee at the latest on 31 January of the following year. The Employee will have to record his travels on an internal document provided for this purpose and to keep all substantiating documents related to said travels. CALCULATION BASIS: Number of days spent abroad per year Rate 20 to 30 days 5 - 9% 30 to 45 days 8 - 14% 46 to 60 days 12 - 19% 60 to 75 days 16 - 23% 75 to 90 days 20 - 28% beyond 90 days 30%