Join today and have your say! It’s FREE!

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Please Try Again
{{ error }}
By providing my email, I consent to receiving investment related electronic messages from Stockhouse.

or

Sign In

Please Try Again
{{ error }}
Password Hint : {{passwordHint}}
Forgot Password?

or

Please Try Again {{ error }}

Send my password

SUCCESS
An email was sent with password retrieval instructions. Please go to the link in the email message to retrieve your password.

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Quote  |  Bullboard  |  News  |  Opinion  |  Profile  |  Peers  |  Filings  |  Financials  |  Options  |  Price History  |  Ratios  |  Ownership  |  Insiders  |  Valuation

NORTHERN SUN MINING CORP LBEFF



GREY:LBEFF - Post by User

Comment by surething1111on Nov 15, 2010 11:55pm
355 Views
Post# 17710655

RE: RE: RE: Victor2009, Nash's Departure From LBEV

RE: RE: RE: Victor2009, Nash's Departure From LBEV
Doingthejob


You stated :  " BTW, Randy Miller's conservative approach certainly has outlived Dr. Gary Nash, "


Is this an example of Mr Millers conservatism, or is it his secret for longevity? 



As of the date of this Information Circular, the Corporation has entered into a consulting agreement with ADREA
Capital Corp., a private British Columbia company owned and/ or controlled by Mr. Miller.  In the event that the
consulting agreement is terminated due to the death,  retirement of disability of Mr. Miller, the agreement provides
for the lump sum payment of an amount equal to two 
(2)times the annual salary and two (2) times the average
annual bonus paid to ADREA Capital Corp.  In the event that the agreement is terminated for any other reason or not
for just cause or in the event Mr. Miller resigns for 
"Good Reason", as such term is defined therein, Mr. Miller will
be entitled to a payment that, in the aggregate,equals the annual salary at time of termination and an amount equal
to the greater of:(i)
 six (6) times the annual salary; and (ii) an amount equal to the result obtained when the annual
salary is multiplied by a fraction, the numerator of  which is the number of days between the date of termination and
Mr. Miller's retirement date and the denominator of which is 365.  In addition, the Corporation is required to
purchase from Mr. Miller, at the fair market value , all shares, rights, options or warrants to acquire shares of the
Corporation owned by Mr. Miller and shall pay him three 
(3) times the difference between the exercise price and the
fair market value of all rights, options or warrants to acquire shares  subject to issuance pursuant to any options or
warrants held by Mr.Miller. " 




<< Previous
Bullboard Posts
Next >>