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Pastimes : Zenyatta Free Speech Board -- Ignore unavailable to you. Want to Upgrade?


To: ralfph who wrote (21662)3/22/2018 4:28:43 PM
From: Big_Tim_I_AM_Banished  Read Replies (1) | Respond to of 22811
 
I’d be worried about the IOU your management team is collecting. Will that be paid out on your up and coming PP?



To: ralfph who wrote (21662)3/22/2018 4:37:55 PM
From: Fact Czecher  Read Replies (1) | Respond to of 22811
 
ralfph posted: "More than likely the amount of his severance plus % for fees would be set aside"

A Change of Control triggers the severance pay clause - 6 MONTHS PAY FOR EACH YEAR OR PART YEAR OF SERVICE AS CEO

"Set aside"? What would be the source of the 3 years full salary plus any vacation pay that AE claimed he was owed?

ZEN is perennially BROKE , surviving on tiny injections of intermittent lifestyle financing with no apparent possibility of raising enough funds to even start the PFS (for which AE would collect an additional $250,000).