2. Duration of employment
A. The contract of employment (hereinafter referred to as the “Contract”) with the Company
connected with your membership of the Board of Management shall be entered into for a
period of four years commencing on April 1, 2007 and shall terminate ipso jure, without any
notice being required, on April 1, 2011.
B. No later than six months before April 1, 2011 the parties will discuss a possible extension
of the Contract. The parties agree that the Company at least every four years will review
whether your position, and subsequent Contract, will be continued. The Contract will
ultimately be terminated at the first day of the month following the month in which you have
reached the age of 62.5.
C. Both parties shall have the right to terminate this agreement before April 1, 2011 or before
any later Contract expiration against the end of a calendar month. In this respect, you will
adhere to a written notice period of three months and the Company will give no less than
six months prior written notice.