Sentences with phrase «withdrew upon their company»

Has anyone withdrew upon their company sponsored 401k, while paying the 10 % penalty?

Not exact matches

As a brief overview, the Management and Board have embarked upon a failed merger that garnered virtually no support from its shareholders, and was opposed by ISS, and continued on that path until the date of the special shareholders meeting and scheduled vote, spending lavishly in a failed effort to close it; attempted to implement substantial new options to itself, a plan opposed by ISS and the shareholders, which was withdrawn; continually paid itself outrageous sums of the shareholders money over the past three years; rejected highly qualified outside board members with deep, broad healthcare company experience supported by its shareholders; held many Board and Committee meetings with nothing to show for it; formed a new Strategic Transactions Committee that is highly paid but that has produced no deals for the shareholders to consider or for any outside valuation experts to formally review; spent lavishly on accountants, auditors and counsel; failed to successfully hire any outside professional negotiators and finally extinguish or remove the outstanding lease obligations; distributed no cash to the shareholders despite holding excess amounts; formed no special purpose entity to hold any royalty and milestone rights and payments for the benefit of its shareholders; and thus generally failed in its fiduciary duties to shareholders.

After a lawyer seeking to withdraw from representation had claimed the client was «no longer an active company» with no contact information, the court took it upon itself to conduct a simple internet search.

Surrender fees are the charges that your insurance company may charge you for surrendering the policy, withdrawing funds, or canceling the investment portion of the policy before the original agreed upon maturity date under the terms and conditions of the policy.