Sentences with phrase «of golden parachute»

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.

To get a qualified person there's no need for this kind of golden parachute, to lure someone into the job, «Wallace said.

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.

Whatever his definition, for his definition of a golden parachute it wasn't, but for anyone else it seem that it was,» said Patrick Burke, (D) Erie County Legislature.

New York State Senator Michael Ranzenhofer (R - Amherst) and Assemblywoman Monica Wallace (D - Lancaster) have introduced state legislation to curb the use of golden parachutes for all state public authorities.

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.

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.

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.

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.

Some executives took advantage of insider knowledge to sell off their company stocks before the bubble burst; and most chief executives enjoyed golden parachutes to escape future financial contingencies of the sort that ordinary earthlings face.

You are not paying for health care, you are paying for paper shuffling, lawyers, lobbyists, an army of claims specialists with a financial incentive to deny you coverage, corporate profits and dividends, gargantuan (8 - 9 figure) CEO salaries, bonuses, and golden parachutes for the most badly mismanaged.

We will have to wait and see but I'd rather Hurney not handle this golden parachute of a contract.

The board was accused of handing its executive director a lucrative severance package at the beginning of the year — a so - called Golden Parachute should he be pushed out by the new Democratic - controlled leadership team.

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.

BUFFALO, N.Y. (WBEN)- As the Erie County Water Authority continues to face criticism following the revelation that Executive Director Earl Jann has a golden parachute agreement where he would receive between $ 300,000 and $ 400,000 if he is forced out of his role, the Erie County Legislature's Government Affairs Committee requested representatives from the authority to show up to Thursday's 11 a.m. meeting.

At the time of his resignation he said he would also stand down as MP for Glasgow North East — meaning he would forgo the # 64,000 «golden parachute» for MPs who depart at a general election.

BUFFALO, N.Y. (WBEN)- As the Erie County Water Authority continues to face criticism following the revelation that Executive Director Earl Jann has a golden parachute agreement where he would receive between $ 300,000 and $ 400,000 if he is forced out of his role, the Erie County Legislature's...

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 WorldCom.

Burke continued by saying by any other definition of a «golden parachute» the contract includes such language.

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.

At many levels of government, election results propel political appointees out of office without golden parachutes.

It might seem like piling on, but the Buffalo Niagara Coalition for Open Government said it had started working on its report about public authority websites long before the recent reports of a so - called Golden Parachute for the executive director of the Erie County Water Authority.

(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.

I Walk the Line reverses the visual palette of the sun - dappled Gypsy Moths, with its blue - sky parachute jumps into golden wheatfields.

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).

You even have a disgraced captain of industry like former CEO Stan O'Neal managing to retire from Merrill Lynch with a golden parachute of $ 161 million after having practically run the Fortune 500 Company into the ground.

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 Board's increase and broadening of its «golden parachute» severance agreements with management, under the ridiculous justification that such payouts are necessary to «attract and retain key employees,» is particularly outrageous given Avigen's current 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..

So no surprise that there is a movement afoot to change the philosophy of 401k's, once seen as the golden parachute for retirees.

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.

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.

The list of financial and efficiency burdens on companies are numerous and common place, and include the 5 - day work week, health and safety codes, and executive golden parachute packages.

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.

She advises public and private companies on all aspects of executive compensation arrangements, including equity incentive programs, golden parachute arrangements, performance incentive arrangements, severance programs, and nonqualified deferred compensation plans.

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.

We all want to avoid strikes, having to leave our homes after a dismissal, golden parachutes, seeing a colleague fossilise behind their desk, equality and a great deal of respect.

Now that the market for electricity has turned down, corporations are trying to use the secret golden parachute Ralph Klein gave them to bail out of unprofitable deals.

It won't change or strengthen any laws around executive compensation but a recent decision from the Ontario Court of Appeal should have boards giving sober second thought to how they grant big bonuses and golden parachutes to top executives.

«The Golden Parachute» is an integrated suite of career services designed specifically for executive - level professionals.

Statements of all other employment benefits such as stock options, incentive, cash balance or golden parachute plans.