Extract to table
Pull the structured facts out of a document: parties, dates, amounts, obligations.
Extract to table / final-compromise-term-sheet-v5.docx
final-compromise-term-sheet-v5.docx
Parties
Northgate Telecommunications PLC
Harkness LLP
Liddell LLP
AND BACKGROUND Northgate Telecommunications PLC
Moorfield Bates LLP
UK Corp
BASE SA
Whitmore Hobson LLP
Dates
September 3, 2024
August 30, 2024
September 9, 2024
October 1, 2024
June 10, 2024
June 17, 2024
June 24, 2024
July 19, 2024
July 22, 2024
August 5, 2024
Amounts
$1,750,000
$1,450,000
$300,000
$3,062,500
$5,250,000
$2,175,000
$887,500
$5,000,000
$18,400,000
$12,000,000
Obligations
The primary employment relationship contemplated by this term sheet shall be between Executive and Northgate Telecommunications US, Inc
The secondary service agreement shall be governed by the laws of England and Wales and shall be prepared with input from Moorfield Bates LLP (Simon Aldridge, Partner; Hannah Carmichael, Associate; 1 Moorgate, London EC2R 6AB)
The terms of the secondary service agreement are not set forth in detail in this term sheet but shall be consistent with the principles outlined herein
Executive shall hold the title of Chief Executive Officer of Northgate Telecommunications PLC and Chief Executive Officer of Northgate Telecommunications US, Inc
Executive shall be the most senior executive officer of the Company and its global group of subsidiaries and affiliates
Executive shall report directly and exclusively to the Board of Directors of Northgate Telecommunications PLC