RE:RE:RE:RE:RE:Paul Hill - background to firing Here is the contract for Paul Hill. This is not a contract for a rental CEO. He made out like a bandit. Shareholders? Not so much.
The total payment was just over $3 million as he received
- $1 million lump sum
- $300K bonus for 2021
- $1 million from 1.4 million options that immediately vested on date of termination.
- $750k from RSUs that immediately vested
"Pursuant to Mr. Hill’s employment agreement, if his employment were terminated without cause (including by constructive dismissal), Mr. Hill would be entitled to payment of $1,000,000 as a lump sum plus a pro rata portion of Mr. Hill’s target at-risk annual incentive cash bonus to the date of termination, with all awards under the Equity Plan held by Mr. Hill at such termination treated as required under the terms of the Equity Plan."