EX-10.1
from 8-K
2 pages
Otis Worldwide Corporation One Carrier Place Farmington, Ct 06032 Anurag Maheshwari Singapore June 23, 2022 • Membership in OTIS’ Executive Leadership Group (Elg), Comprised of Our Most Senior Leaders. • a Base Salary of $725,000 Per Year, Effective August 12th. Your Base Salary Will Be Reviewed Annually. • Continued Participation in Our Short-Term Incentive (Sti) Program With a Target Annual Sti Opportunity of 100% of Your Base Salary. Your 2022 Sti Target Opportunity Will Be Prorated Based on the Effective Date of Your Appointment. • Continued Participation in Our Long-Term Incentive (Lti) Program. Your 2023 Equity Award Will Have a Target Value of at Least $2,500,000. Annual Grant Values May Vary From Year-To-Year, Based on Individual and OTIS Performance. • Relocation Assistance to Aid in the Establishment of a Permanent Residence in the United States. • Participation in Our Executive Lease Vehicle Program (Elvp). • Eligibility to Participate in OTIS Choice, Our Flexible Benefits Plan Which Includes Medical, Dental, Life Insurance, Disability, and Other Benefits for You and Your Eligible Dependents. • Participation in Our Retirement Savings Plan, Which Currently Offers Matching Contributions (60% of Your Contributions Up to 6% of Your Eligible Pay) and Age-Graded Company Retirement Contributions (From 3-5.5% of Your Eligible Pay)
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