Attached files
| file | filename |
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| 10-K - 10-K - Yum China Holdings, Inc. | yumc-10k_20161231.htm |
| EX-10.9 - EX-10.9 - Yum China Holdings, Inc. | yumc-ex109_1777.htm |
| EX-32.1 - EX-32.1 - Yum China Holdings, Inc. | yumc-ex321_1276.htm |
| EX-31.1 - EX-31.1 - Yum China Holdings, Inc. | yumc-ex311_1277.htm |
| EX-23.1 - EX-23.1 - Yum China Holdings, Inc. | yumc-ex231_1776.htm |
| EX-32.2 - EX-32.2 - Yum China Holdings, Inc. | yumc-ex322_1275.htm |
| EX-21.1 - EX-21.1 - Yum China Holdings, Inc. | yumc-ex211_1615.htm |
| EX-31.2 - EX-31.2 - Yum China Holdings, Inc. | yumc-ex312_1278.htm |
| EX-10.18 - EX-10.18 - Yum China Holdings, Inc. | yumc-ex1018_1283.htm |
| EX-10.22 - EX-10.22 - Yum China Holdings, Inc. | yumc-ex1022_1279.htm |
| EX-10.21 - EX-10.21 - Yum China Holdings, Inc. | yumc-ex1021_1280.htm |
| EX-10.20 - EX-10.20 - Yum China Holdings, Inc. | yumc-ex1020_1281.htm |
Exhibit 10.19
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Private and confidential
September 8, 2015
Joey Wat
Present
Dear Joey,
Congratulations!
I am most pleased to inform you of your promotion to CEO, China KFC (LT), effective September 1, 2015.
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Your base salary is increased to USD 610,000 per annum, payable in arrears of 12 equal monthly payments. |
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Your Yum! Leader's Bonus Program (YLB) target pay is equivalent to 85% of USD 610,000 your new base salary X Individual Performance Rating X Team Factor. Team factor is a combination of Yum! China KFC (75%) and Yum! Brands (25%) performance factor. Maximum bonus pay potential is 300% of your target pay. Please refer to the annual bonus communication for details. |
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Your Yum! Stock Appreciation Right (SAR) grant going forward will be increased from USD 2,000,000 to USD 3,000,000 (Face Value). |
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There is no change to the other terms and conditions of employment. |
On behalf of the Company,I would like to thank you for your contributions in the past year and look forward to your continuous commitment & leadership in bringing KFC China to the next level of success in the years to come.
Yours sincerely,
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/s/ Micky Pant |
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Micky Pant |
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CEO, Yum! Brands Inc.,China Division |
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c.c. Christabel Lo |
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