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Pastimes : Zenyatta Free Speech Board
ZEN 77.480.0%Nov 21 4:00 PM EST
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To: Shoto who wrote (21961)4/17/2018 11:17:40 AM
From: stuffbug   of 22811
 
shoto, new employment deal seems to be fair, give and take from both sides.

1. AE severance is capped at $900k - no more annual increases.
2. Paid out over 6 years unless a payment is missed.
3. Severance is paid even if AE decides to walk.
4. The one big negative is the annual expense increase of $150k. But if Chahar is gone or on the way out, it's a wash. When a new President is hired I would expect AE to voluntarily leave shortly thereafter.
5. No mention of AE's PFS bonus, I expect that will still be paid when Zenyatta formally announces the PFS.

AE is covering his bases in case the dissidents prevail in the vote.
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