Extract to table
Pull the structured facts out of a document: parties, dates, amounts, obligations.
Extract to table / meeting-notes-principals-aug-26.docx
meeting-notes-principals-aug-26.docx
Parties
HARKNESS LLP
Employment Negotiation Northgate Telecommunications PLC
Northgate Telecommunications PLC
Liddell LLP
Whitmore Hobson LLP
Kensington Partners Ltd
Annual Cash Inc
Annual Long-Term Inc
Dates
August 26, 2024
August 12, 2024
August 19, 2024
July 19, 2024
March 1, 2024
May 15, 2024
December 31, 2024
May 22, 2024
May 28, 2024
May 30, 2024
Amounts
$1,750,000
$3,062,500
$5,250,000
$5,000,000
$23,400,000
$12,000,000
$6,400,000
$18,400,000
$9,000,000
$13,812,500
Obligations
Harding's Position: A severance multiplier of 3x (base salary plus target annual incentive), yielding a cash severance payment of: 3 × ($1,750,000 + $3,062,500) = 3 × $4,812,500 = $14,437,500 Harding agrees to the double-trigger structure
5x, with a best-net cutback (no tax gross-up); there will be no Board turnover trigger in the CIC definition; and the non-compete must be at least eighteen months in duration
He stated that the Remuneration Committee takes the proxy advisory analysis seriously and must structure the CEO package in a manner that can withstand shareholder scrutiny