Sentences with phrase «golden parachute in»

«There is no golden parachute in this contract», authority chairman Robert Anderson told lawmakers in referencing Jann's contract.

Katz, who demanded the library's Board of Trustees snip the lines of the secret golden parachute in Galante's contract, also told him she did not want to engage in a «back and forth» about the issue at the hearing.

Not exact matches

Those numbers represent what's called «golden parachute compensation,» or severance packages allotted for executives who face a «qualifying termination» in connection with a sale of the company and change in command.

It started in 1984, when the tax code was amended to limit golden parachutes to less than three times an executive's salary and bonus.

For those in Corporate America, when that spending is devoted to mergers and acquisitions, it can result in a much larger domain and all that comes with it, usually stock options, restricted stock, higher salary, bonuses, pension benefits, and, perhaps, even a golden parachute.

If the payments or benefits payable to him in connection with a change in control would be subject to the excise tax on golden parachutes imposed under Section 4999 of the Internal Revenue Code, then those payments or benefits will be reduced if such reduction would result in a higher net after - tax benefit to him.

GGP, which did not comment on Mathrani's golden parachute, said elsewhere in its SEC filings it did not receive any competing bids that could have led Brookfield to sweeten its offer.

SAN FRANCISCO — The proxy is in, and we've just found out the big golden parachute winners from Yahoo's $ 4.8 billion deal to sell its core assets to Verizon.

So, such company is saved, cost to the taxpayers isn't too extreme (selling price should cover most of the bailout, maybe even result in profit), owners would know that they aren't shielded in case of bad decisions, but will lose everything, and executives would know that they can forget about their golden parachutes.

Companies have worked hard in recent years to avoid such a situation by rewriting employment agreements to deny a «golden parachute» to disgraced executives.

Beverly Clark, Parachute, Chicago «My add - ins are shallot, garlic, Thai chili, cabbage, Thai oyster sauce, Thai golden seasoning, fish sauce, sugar, lime and cilantro!

This isn't the golden parachute that teams typically want when parting with a star, but in context this trade makes the Clippers a more asset - rich team than they otherwise could have been.

There is no golden parachute clause in this contract,» said ECWA Commissioner Bob Anderson.

In 2003, when Langone was chair of the New York Stock Exchange compensation committee, he personally approved a $ 140 million compensation package for NYSE CEO Richard Grasso — a «golden parachute» that came in the wake of major corporate scandals including Enron and WorldCoIn 2003, when Langone was chair of the New York Stock Exchange compensation committee, he personally approved a $ 140 million compensation package for NYSE CEO Richard Grasso — a «golden parachute» that came in the wake of major corporate scandals including Enron and WorldCoin the wake of major corporate scandals including Enron and WorldCom.

In responding to Anderson's assertion that the Jann contract does not include a «golden parachute», Burke says, «I guess he was arguing semantics».

Buffalo, N.Y. (WBEN)- Following a firestorm of controversy surrounding reports that a new contract for Erie County Water Authority Executive Director Earl Jann includes a «golden parachute» that would pay him more than $ 300 thousand in the event he is forced out for political reasons, authority commissioners were before the Erie County Legislature's Government Affairs Committee Thursday.

I wasn't aware of the Golden Parachute as I don't think anyone was because as we point out in our report, the Erie County Water Authority is one of the entities that does not post meeting agendas,» coalition president Paul Wolf said.

(WBEN) Inspired by a «Golden Parachute» deal for the current Erie County Water Authority Executive Director who is likely to lose his job soon because of a change in political patronage power, Assemblywoman Monica Wallace is calling for a limit on these types of severance packages at authorities across New York State.

The chairman of the Erie County Legislature's Government Affairs Committee was hoping to hear directly from ECWA leaders Thursday and provide answers to questions including what some deem a «golden parachute» in the contract of its executive director.

Bunny needs the work, having lost, in succession, the full pension due a retired police major, his golden parachute running security for Johns Hopkins (both casualties of his experiment, «Hamsterdam,» to legalize drugs in his district, which yielded both a 14 % drop in violent crime and a massive political shitstorm), and his security job at a downtown hotel (the result of his failing to give special treatment to a «friend of the hotel» who beats up a hooker).

Once $ 300 million of the $ 700 million was given to Plastic Logic they spent most of the money on their factory in Dresden and most of the executives at Plastic Logic had their golden parachute.

What are Avigen's total «golden parachute» obligations and how much time did Avigen's CEO spend in Utah versus California during the critical months of December and January?

The recipients of these golden parachute arrangements include Avigen's CEO, Ken Chahine, who resides in Park City, Utah, while the Company is based in California.

Avigen has committed to pay significant fees in the form of golden parachutes to its senior executives and multiple investment bankers, lawyers and consultants in an amount that, we believe, could exceed $ 5 million under certain circumstances.

Mr. Lampert continued, «In addition to the Board's unilateral expansion of «golden parachute» payments for management and its unilateral adoption of the «poison pill,» we are also concerned with the Board's apparent dismissal of the compelling transaction proposed by MediciNova.

In addition, Aleph Investments will vote against any compensation that would act to reward management as a result of a takeover attempt, whether successful or not, such as revaluing purchase price of stock options, golden parachutes or handcuffs, etc..

«We're making sure that the last $ 50 million in the company don't go to the bankers and the consultants and the golden parachutes.»

She will discuss the project space Golden Parachutes, which operated in Berlin from 2009 - 2011 and how her experience curating this space influenced the programming of what was informally referred to as «next door,» a flexible space for both public programming and semi-private events operating adjacent to the Wattis Institute in San Francisco.

I'd hope for a golden parachute at that time, but I'll go on with an alternate plan in case they keep me under the conditions I forget about biomass.

Issues to be addressed include the tax and accounting implications of subjecting employee equity to indemnity escrows or earn - out arrangements; the application of the «golden parachute» tax rules (Section 280G of the IRC) to accelerated benefits and severance pay; and the development of retention arrangements in the form of employment agreements or special cash or equity grants.

Homburger represents its clients before Swiss courts and arbitration tribunals in employment - related matters and advises on all employment law issues, in particular on: employment contracts for executives, including compensation packages, non-compete covenants and «golden parachutes»; standard employment contracts and customised employment concepts (contracts, regulations, employee handbooks); employee participation plans and variable compensation schemes (e.g., long - term incentive schemes, management participation on acquisitions, stock option plans, bonus and gratification schemes); transfer of business units and outsourcing; business restructuring (staff reduction, collective dismissals), contract and gardening leave; data protection; and posting of employees and work permit applications.

Larry's panel, «Dealing with Restricted Stock, Stock Options and Executive Compensation in Corporate M&A Transactions,» will discuss compensation issues in M&A transactions, treatment of outstanding equity - based awards and tax issues in assuming or eliminating deferred compensation in an acquisition, Sections 280G and 4999 relating to golden parachutes and amelioration techniques for gross - ups, and impact of Sections 409A and 457A.

McGoey had employment contracts with a «golden parachute» clause that granted him enhanced termination benefits in certain situations.

Changes in Medical Sales So you don't have a golden parachute?

«We're hearing that they may be upset about the amount being paid out to Rodamco senior management in a golden parachute,» Nussbaum said.

it is usually Corporations that do business in many states and that are big enough to worry about golden parachute laws, etc..