RE:RE:Simon Britt, Director?goldn1 wrote:
Moulouk, I know you are a lot smarter than me, but, in your findings about Simon's employments Agreement, doesn't it basically say they need to give him a 24 month notice in order to terminate "without" cause or they owe him a bunch of money? In my OPINION, he was terminated with cause as it wouldn't make much sense to terminate him right before the PEA. But now that I see he is still a Director, possibly, if he was terminated WITH cause, he probably shouldn't be a Director either...
G1
I read it as you read it. If he is terminated without cause, they owe him money. Nothing is mentioned if he is terminated with cause, but we can all assume that there would be nothing to be paid. But the with cause or without is obviously subjective. What if Simon and GMA disagree on the with or without?
The fact that he would still be a director is intriguing. If he did something really bad, I would presume that GMA would not want him around. But that is just a guessing game with infinite possibilities at this time.
Moulouk