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As part of the awards, the deal maker will receive an accelerated payout from an executive retirement program that has a current estimated value of about $1.7 million.
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That constitutes a change of control, according to Nstar's proxy documents, thereby causing accelerated payouts of unvested equity and other benefits for named executive officers.
Mr. Cazalot received a cash bonus of $21.8 million, the second-highest cash bonus, a majority of which came from accelerated payouts for spinning off a company unit, the Marathon Petroleum Corporation.
In a settlement this month, a group of eight current and former senior executives agreed to give back some, but far from all, of the $62 million in accelerated payouts they received in 2000 when shareholders approved a merger of FPL and Entergy, a utility based in Louisiana.
That move was interpreted as a nod to the progressive organizations that have criticized Clinton for appointing two former bankers who took accelerated payouts from their Wall Street institutions when they joined her at the State Department.
Finally, rethink whether you want to donate IRA assets to a charity at death-it's easier to do now, because donations don't accelerate payouts.
Debt levels remain over £2bn restricting the potential for an accelerated dividend payout, and there remain accounting issues relative to peers.
If he leaves in Bank of America's takeover, he stands to get a further $11m in accelerated stock payouts.
These heirs did get relief on one point: Folks who inherited accounts in 2008 have until the end of 2010 (not 2009) to choose to take lifetime payouts instead of an accelerated five-year payout.
A group of hedge funds and other companies that held MF Global bonds at the time of the bankruptcy recently introduced a plan to liquidate the firm's remains and accelerate the payout process.
A 30X zoom camera will then be used to surveil tens of miles around the drone and would be able to assess the impact of a disaster to best direct relief efforts and later to accelerate insurance payout.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com