| Viewing Single Post From: Blog and Media Roundup - Friday, July 3, 2009 | |
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| abb | Jul 3 2009, 03:43 AM |
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http://cancelthebee.blogspot.com/2009/07/sweet-laid-off-vp-walks-away-with.html Thursday, July 2, 2009 Sweet!.... laid off VP walks away with $690,000 lump sum -- if she signs a waiver Laid off VP Lynn Dickerson stands to get a $690,000 lump sum payment from cash-strapped McClatchy-- once she signs a waiver. Under the Separation Agreement and subject to the terms and conditions set forth therein, effective July 17, 2009, Ms. Dickerson is resigning from all offices and other positions that she holds with the Company and her employment with the Company will terminate on such date. In connection with such termination, Ms. Dickerson will be entitled to the following severance payments and benefits: i. Subject to executing a waiver and release of claims agreement in favor of the Company, a lump sum severance payment equal to $690,000; and ii. If Ms. Dickerson elects health care continuation coverage under COBRA, for one year following the effective date of her termination (or, if earlier, the date Ms. Dickerson terminates her COBRA coverage), the Company will pay Ms. Dickerson’s COBRA premiums for group health insurance coverage. I wonder how much of the "lump sum severance payment" will be MNI stock. Previous: |
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| Blog and Media Roundup - Friday, July 3, 2009 · DUKE LACROSSE - Liestoppers | |
4:46 AM Dec 6
