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Old 07-20-2019, 12:38 PM   #9  
Gets Weekends Off
JonnyKnoxville's Avatar
Joined APC: Sep 2009
Posts: 604

Hey, when you talk with them next, ask them why the top brass are all taking retention bonuses so they don't flee the sinking ship.

Retention Agreements

In order to facilitate an effective leadership transition and to promote business continuity, each of the Company’s other named executive officers, XXXX XXXXX, Executive Vice President, General Counsel and Secretary, XXXX XXXX, Executive Vice President and Chief Financial Officer, and XXXX XXXXX, Executive Vice President and Chief Commercial Officer, was granted a retention bonus opportunity as follows: subject to continued employment, each recipient would become entitled to receive $500,000 as of December 31, 2020 and $1,000,000 as of December 31, 2021. Each executive would also be eligible to receive any unpaid portion of the retention bonus upon a termination by the Company without “cause,” by the executive for “good reason,” or upon the executive’s death or “disability” (in each case as such term is defined in the applicable award agreement).

Maybe this has something to do with it?
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