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"I am also aware that CIA will still be required to pay termination settlement costs, which we are still estimating".
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The agreement also requires Yahoo! to pay a termination fee if the agreement is terminated as a result of a change in control that occurs within 24 months.
In fact, if a majority of OPENLANE's shareholders had not consented to the Merger Agreement twenty-four hours after the Board executed it, the Board could have terminated the Merger Agreement without having to pay any termination fee.
General Electric is not required to pay a termination fee.
Neither company will pay a termination fee or expenses, they said.
Such deductions cease during leaves of absence without pay, at termination of employment, or on retirement.
Severance packages in layoffs, he said, tend to be less generous than in buyouts, with fewer weeks' pay at termination and fewer other benefits.
If Par Pharmaceutical agrees to accept a third-party bid before that date, Par will have to pay a termination fee of only $24 million.
As part of the deal, the agriculture giant agreed to pay a termination fee of $600 million, or roughly 41.5 percent of the offering price.
The threat of a lawsuit could pressure G.E. to make some payment to Honeywell to compensate for the collapse of the deal, even though under the merger agreement G.E. is not required to pay a termination fee.
"At the council's last meeting on Dec. 16, the members authorized the borrowing of $2.7 million to pay for termination payouts for retiring city personnel, money that had not been included in this year's budget.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com