Contract analysis
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Contract analysis / email-vasquez-to-whitford-initial-strategy.eml
email-vasquez-to-whitford-initial-strategy.eml
High · 1
Medium · 0
Standard · 0
1. The maximum change in control multiplier the Board will accept (our recommendation: ope
1. The maximum change in control multiplier the Board will accept (our recommendation: open at 2.5x, with authority to go to [Board to confirm ceiling]).
2. The Board's position on 280G tax gross-up versus best-net cutback (our recommendation:
2. The Board's position on 280G tax gross-up versus best-net cutback (our recommendation: best-net cutback, no gross-up).
3. The make-whole equity budget, including the total sign-on package ceiling (cash plus eq
3. The make-whole equity budget, including the total sign-on package ceiling (cash plus equity combined).
4. Restrictive covenant parameters — specifically, the maximum and minimum acceptable non-
High
⚑ Non-compete / exclusivity restraint
4. Restrictive covenant parameters — specifically, the maximum and minimum acceptable non-compete duration, geographic scope, and activity definition. I would suggest a brief call with you and Geoffrey Stanton early next week to walk through these red lines and secure the Committee's direction. If the Committee can provide guidance by Sunday or Monday — June 9 or 10 — we can have the initial term sheet ready for circ