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Extract to table / memo-280g-golden-parachute-analysis.docx
memo-280g-golden-parachute-analysis.docx
Parties
Harkness LLP
Arbor Health Technologies Inc
Context Arbor Health Technologies Inc
Equity Inc
Annual Cash Inc
Net Investment Inc
Tarrant Partners LLC
Broadleaf Compensation Advisors LLC
Dates
September 2, 2022
December 31, 2021
November 1, 2022
August 19, 2022
November 1, 2023
October 31, 2024
Amounts
$2,051,200
$127.4
$340
$2.8
$575,000
$431,250
$646,875
$250,000
$2,150
$1,150,000
Obligations
• Partial Equity Acceleration: Twenty-five percent (25%) of the Executive's then-unvested equity awards (stock options and restricted stock units) shall accelerate and become fully vested and, in the case of stock options, exercisable as of the termination date
• Full Equity Acceleration: One hundred percent (100%) of the Executive's then-unvested equity awards (stock options and restricted stock units) shall accelerate and become fully vested and, in the case of stock options, exercisable as of the date of the CIC Qualifying Termination
However, several practical considerations limit the viability of the shareholder vote exemption as the primary contractual approach: First, the shareholder vote must be obtained before the change in control event closes, and the adequate disclosure requirements under Treasury Regulation § 1
00 of Section 4999 excise tax owed by the Executive, the Company must pay approximately $2
The shareholder vote must occur before the change in control closes