Exhibit 10.69
NALCO COMPANY
EXPATRIATE ASSIGNMENT
AGREEMENT
FOR
David
Johnson
Introduction
This expatriate agreement is based
on the following: a home location of Katy, Texas, and a host
location of the Netherlands, the salary and position offered in the
host location; and your current family size of two. If your family
situation changes while you are on assignment in the host location,
certain aspects of this agreement may be recalculated to better
reflect your situation. You must notify your home or host location
human resources contact of any such changes to your family
situation.
Assignment
Your assignment will commence on
May 30, 2007 and your assignment location will be the
Netherlands. Your title will be Group Vice President and President,
EAME Operations, and you will report to Bill Joyce.
Salary
Your beginning base pay will be
$269,445 per year. You will be paid in the home location in order
to more easily maintain your benefits eligibility. Your base pay
will be reviewed periodically.
Employee
Benefits
In order to assist in the
repatriation process when the time comes, you will remain on the US
benefit plans, with the exception of health benefits, which will be
provided under the CIGNA International Benefits Plan. You will be
responsible for the premiums, which will be deducted from your pay
in the US.
Mobility
Premium(s)
Additionally, Nalco will provide you
with a Mobility Premium at the beginning of your assignment equal
to 10% of your base pay ($26,945) in effect as of the date of
transfer to the host country. Upon successful completion of your
assignment, you will receive an additional mobility premium equal
to 10% of your base pay in effect on that date. If the assignment
duration is less than 24 months, but more than 12, the second
premium will be prorated or will not be paid.
1
Housing and Utility Allowance
The Housing & Utilities
Allowances are designed to cover the additional cost of housing and
utilities in the host location. Your Housing Allowance is
calculated as the difference between typical expatriate housing
cost in the host location and the home country-housing norm, unless
you choose not to sell your home in Katy, Texas. The housing norm
is defined as the typical cost of home country housing based on
your salary and family size. The full housing allowance, equal to
the actual cost of unfurnished rental accommodations, up to a
maximum of $46,724 per year, will be paid from the host country in
local currency and will begin when you occupy rental housing in
that location. If you elect to sell your home in the US, a housing
norm of $35,616 per year will be deducted from your home country
pay as your contribution to the cost of housing in the host
location. If you elect to maintain your home in the US, there will
be no housing norm deduction because you will continue to have home
country housing costs.
Nalco will separately reimburse you
for your host location utilities up to a maximum of 170
Euros/month. Utilities are defined as expenditures for fuel and
light, as well as power for heating, air-conditioning, cooking, and
operating home appliances. Assistance with expenses such as
Internet connection and private residential phone service is
provided for by the goods & services allowance discussed
in the next section, Nalco will pay up to the amount indicated, but
not more than actual costs for housing or utilities.
Goods & Services
Allowance (G&S)
The G&S Allowance
represents