Extract to table
Pull the structured facts out of a document: parties, dates, amounts, obligations.
Extract to table / internal-strategy-memo-negotiation-positioning.docx
internal-strategy-memo-negotiation-positioning.docx
Parties
Harkness LLP
Northgate Telecommunications PLC
Moorfield Bates LLP
Meridian Wireless Corp
Liddell LLP
Kensington Partners Ltd
UK Corp
Whitmore Hobson LLP
Dates
June 9, 2024
June 4, 2024
June 3, 2024
December 31, 2023
March 1, 2024
May 15, 2024
December 31, 2024
May 22, 2024
May 28, 2024
May 30, 2024
Amounts
$11.1
$5.43
$1.45
$34
$23,400,000
$11
$120
$1.8
$11,125,000
$1,750,000
Obligations
Harding and his counsel will anchor their demands to his current package, and any offer from NTP must represent a meaningful improvement to induce Harding to leave a well-compensated, high-profile role at a significantly larger company
This forfeiture amount will be the primary driver of the make-whole / sign-on component of the NTP package and represents a significant economic barrier to Harding's departure that must be addressed in full
• Section 409A: All deferred compensation elements of the agreement must comply with Section 409A of the Internal Revenue Code
This is a technical drafting exercise that we do not anticipate will generate negotiation friction, but it must be addressed carefully in the documentation
Any new CEO package will be incorporated into this policy and must secure majority shareholder approval