Specifically, benefits subject to the HP Severance Policy
include: (a) separation payments based on a multiplier of salary plus target bonus, or cash amounts payable for the
uncompleted portion of employment agreements; (b) any gross - up payments made in connection with severance, retirement or similar payments,
including any gross - up payments with respect to excess parachute payments under Section 280G of the Code; (c) the value of any service period credited to a Section 16 officer in excess of the period of service actually provided by such Section 16 officer for purposes of any employee benefit plan; (d) the value of benefits and perquisites that are inconsistent with HP Co.'s practices applicable to one or more groups of HP Co. employees in addition to, or other than, the Section 16 officers («Company Practices»); and (e) the value of any accelerated vesting of any stock options, stock appreciation rights, restricted stock or long - term cash incentives that is inconsistent with Company Practices.
Effective teaching and learning have been hampered at the La Presby Senior High School, as students,
including beneficiaries of government's Free SHS policy, are forced to study in
uncompleted buildings without marker boards and adequate desks.