EX-10.43
from 10-K
2 pages
October 26, 2011 Dear Vic: We Are Very Pleased to Offer You Employment With X-Rite, Incorporated as Senior Vice President Sales and Marketing and Officer of the Company. in This Position You Will Report to the CEO and Based in Grand Rapids, Michigan. I Have Outlined the Particular Terms of Your Employment Below: • Salary: Your Salary Will Be Set at a Weekly Rate of $5,769.23 ($300,000 Annually). Performance Evaluations Occur After 90 Days of Employment and Annually in the 1st Quarter. • Short-Term Incentive Plan: Effective January 1, 2012 You Will Be Eligible to Participate in the Management Incentive Plan That Will Enable You to Earn 48% of Your Annual Salary at Target Performance
12/34/56