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.
Not exact matches
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.
Westminster has added its weight to pressure
on senior Barclays executives to resist Bob Diamond's # 17 million «
golden parachute».
Lawyers for Matt Lauer are working
on landing the shamed anchor a $ 30 million
golden sexual
parachute following his NBC firing.
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.
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.
«Say
on Pay» initiatives, where shareholders can vote
on executive compensation to prevent huge payouts for poor performance and
golden parachutes
Remember, a takeover will likely trigger an immediate vesting
on all options / warrants, and could additionally trigger other incentive / termination /»
golden parachute» share issuance.
«To protect the taxpayers, we insisted
on tough oversight and accountability,» Pelosi said, adding,» «We also reformed CEO compensation and [put] an end to
golden parachutes.»
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.
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.