I'm voting NO..3X salary for quitting? UFBReceived my MIC in the mail, UFB the compensation package that shareholders don't even get to vote on directly
so have to vote no on entire package...Election of Directors & Appointment of Auditors
No kidding this is a Mongolian Co registered in Canada, I've never seen looting of shareholder $$$ like this
Matthew Wood, Executive Chairman: Under the terms of his employment agreement, if within 12 months of a Change of Control, Mr. Wood’s employment is terminated or he chooses to terminate his employment for good reason, Mr. Wood is entitled to receive a lump sum payment equal to three times the sum of (i) his base salary at the time of termination of employment plus (ii) the average bonus paid to him for the previous two years
Bataa Tumur-Ochir, President and Chief Executive Officer: Under the terms of his employment agreement, if within 12 months of a Change of Control, Mr. Tumur-Ochir employment is terminated or he chooses to terminate his employment for good reason, Mr. Tumur-Ochir is entitled to receive a lump sum payment equal to three times the sum of (i) his base salary at the time of termination of employment plus (ii) the average bonus paid to him for the previous two years.
Jeremy South, Chief Financial Officer: Under the terms of his employment agreement, if within 12 months of a Change of Control, Mr. South’s employment is terminated or he chooses to terminate his employment for good reason, Mr. South is entitled to receive a lump sum payment equal to three times the sum of (i) his base salary at the time of termination of employment plus (ii) the average bonus paid to him for the previous two years.
Aneel Waraich, Executive Vice-President: Under the terms of his employment agreement, if within 12 months of a Change of Control, Mr. Waraich’s employment is terminated or he chooses to terminate his employment for good reason, Mr. Waraich’s is entitled to receive a lump sum payment equal to three times the sum of (i) his base salary at the time of termination of employment plus (ii) the average bonus paid to him for the previous two years
jmho