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Technology Stocks : Ascend Communications (ASND) -- Ignore unavailable to you. Want to Upgrade?

To: P2V who wrote (56549)	10/27/1998 1:57:00 PM
From: Mark Duper	Read Replies (1) \| Respond to of 61433

Hi MM, Very often , companies will draft a contract up for their top executives specifying the conditions of employment between the exec. and the company. More often than not, these agreements contain a section called "Change of Control" provisions where if a company merges or get's acquired, the provisions are triggered. Common components of this provision would include a severance package (2 to 3 times base salary common), continuation of health and welfare benefits, immediate vesting of all outstanding stock options, non-compete arrangement bonus, etc. I am interested in this document because the packages for executives can vary. If Mory's package is a particularly rich one, he might be more inclined to take an offer from LU or whoever. Usually these agreements are filed as attachments to the annual 10K filings. You can find the 10Ks, 10Qs, or Def14as (Proxies) on the edgar site. I hope this helps. I'm a little annoyed that I can't find Mory's. He has to have one. Sup.