GREY:ISYRF - Post by User
Post by
esprit1on Dec 17, 2019 4:05pm
66 Views
Post# 30465407
Executive agreements P.63
Executive agreements P.63Well in answer to my own question as to why Rees or Reznik might support such a deal - the answer lies on P.63 under the Executive Agreement.
These agreements were made May 1, 2019 - just in time!
Tracy will get either 2 years or 2.5 years of compensation (wording is unclear) if company changes hands. Thats between 520 and 650K. Might be bonus money on top of that as well as vesting of Options and RSUs (have not read those in detail yet)
So with the price he will get for his shares as well, Tracy is looking at around 2 million upon completetion of the deal.
Reznick gets at least 18 months
Morton gets at least 12 months
Gonzals at least 12 months
Reason for the variance in length of compensation is that I am not sure if their 6 months of salary is above and beyone the 2 months compensation for every year or part of at the company.
Pretty sweet deals
Even if they dont like the deal Marks struck - might just be easier to cash the cheques and walk away.