EXHIBIT 10.2
DePuy James A. Lent PO Box 988 President Warsaw, IN 46580 219 267 8143
______________________________________________________________________________ DePuy logo A Division of
Boehringer Mannheim
July 13, 1992
Mr. Mike Dormer The Cottage Elgavin Court High Street Lymington Hants S041 9AA United Kingdom
Dear Mike:
It was delightful to meet with you and discuss the opportunity for you to join the DePuy team. I know from personal experience it is a very difficult decision to leave a fine company like Johnson & Johnson, but also from personal experience, there is life after J&J.
To review our discussion, and subsequent telephone contact, the following points now constitute the offer being put forward by DePuy:
Job Title: Executive Vice President, International. Responsibilities: Four International V. P. 's responsible for Sales and
Marketing and all subsidiaries and distributors, as well as
the Director of Operations report directly to the position. Basic Salary: (Pounds)90,000 Salary Review: Upon promotion to President, International, but no later than
1 July '93.
Bonus 1992: Guaranteed at (Pounds)20,000 (paid February '93). Signing Bonus: (Pounds)40,000 (This is increased to this level in
consideration of the loss in appreciation on your J&J stock
options. My feeling is that it is unfair to penalize you for
the mid-year timing of the move to DePuy.) Payable first day
...
*End of Preview*
Click the 'Add to Cart' button to download the complete and formatted agreement.