1. Continuation of employment
Your employment with Royal Philips Electronics as a member of the Board of Management
will be continued after April 1, 2007 subject to re-appointment by the General Meeting of
Shareholders of the Company.
The Supervisory Board undertakes to submit to the General Meeting of Shareholders to be
held on March 29, 2007 a proposal for your re-appointment as a member of the Board of
Management and Executive Vice-President of Royal Philips Electronics as of April 1, 2007.
In the event of such re-appointment the terms and conditions stated in this letter agreement
and its annexes replace all terms and conditions laid down in previous employment agreements
and all oral and written understandings reached with you and any company belonging to the
Philips Group.