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Your annual salary as of April 1, 2011 shall amount to EUR 1,100,000 (gross), which amountincludes mandatory holiday allowances, to be paid in twelve monthly instalments.Annual review and subsequent upwards adjustment, if any, of your annual salary, will bedetermined at the discretion of the Supervisory Board of the Company on the advice of theRemuneration Committee of the Supervisory Board (hereinafter also referred to as “theRemuneration Committee”). You shall be informed in writing, on behalf of the SupervisoryBoard, of any salary increases awarded to you in this way. Only salary increases determinedand approved by the Supervisory Board will replace the salary amount mentioned above.
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