EX-10.4
from 10-K
3 pages
31 December 2001 Personal & Confidential Mr. David McAusland Dear David: I Wish to Confirm My Discussion With You Pertaining to the Position of Senior Vice President, Mergers and Acquisitions and Chief Legal Officer, Effective on 1 January 2002. You Will Report to Me. Salary Your Base Salary Will Be US$320,000 Per Annum, Effective 1 January 2002. Your Salary Will Be Reviewed Annually on the Basis of Competitive US Compensation Data. Your Job Grade Will Be Administered at 50 Under Alcan’s Structure. Annual Bonus You Will Participate in Alcan’s Executive Performance Award Plan (Epa) With a Guideline Bonus of 70% of the Mid-Point Salary (US$363,000). Under the Modified Epa Program, Award Payment Will Be Related to the Global Performance of Alcan as Well as Your Own Personal Performance. Long Term Incentive (Stock Option and Relative Tsr Program) at This Point in Time, We Cannot Provide You With All the Specific Details of the New Long Term Incentive Program. These Should Be Available to You Over the Next Few Months
12/34/56