The remaining unvested
RSU's will be delivered without further consideration on each of the next two anniversaries of the award date.
Under the merger agreement, at the effective time of the merger, each unvested
Reven restricted stock award will become fully vested and will be automatically converted into the right to receive the per share merger consideration for each share of Reven common stock underlying such award.
In connection with the departure, Hisco will receive his contracted and statutory entitlements, but will have to forfeit all unvested
equity, ANZ said.
The acquisition price is net of acquired net cash and excluding assumed unvested
options, based on the closing price of FireEye's common stock on May 24, 2019.
BAYER INVESTORS REBUKE BOSS OVER MONSANTO DEAL The management of Bayer are under huge pressure to win back shareholders' trust after a stunning vote of no confidence in the company's THE TIMES RBS CHIEF COULD LOSE PS2M BONUS IF HE JOINS RIVAL Ross McEwan, the outgoing chief executive of RBS, will have earned around PS20m by the time he leaves the taxpayer-controlled lender, but risks losing almost PS2m in unvested
bonuses if he joins a rival.
"Wherever the assessed divergence in bankaACAOs asset classification or provisioning from the RBI norms exceeds the prescribed threshold for public disclosure, the bank shall not pay the unvested
portion of the variable compensation for the assessment year under aACAymalusaACAO clause.
Chief Financial Officer Chandler Bigelow is in line to get $7.78 million of severance and cash-outs of unvested
equity awards if he's terminated within a year of the merger's completion, or if he doesn't get a job of similar stature in the combined entity.
The money would come from $700,000 in cash and $461,000 from outstanding and unvested
stock options and restricted stock shares.
11, he will be paid in cash for his previously set retirement package that was pegged at the value of two million unvested
shares over the next ten years and the money will be transferred to an independently managed trust, according to a (https://www.sec.gov/Archives/edgar/data/34088/000003408817000002/xomexhibit991.htm) regulatory filing on Wednesday with the Securities and Exchange Commission (SEC).
A previous release had reported he will forfeit unvested
awards of stock valued at $41 million.
Should his contract be terminated, Christian is entitled to severance equal to 100% of his base salary for 24 months (paid monthly) plus any unvested
or time-vested stock options become vested.