Exact(27)
The industry's payouts will be "down dramatically," the report said.
A spokeswoman pointed out that, from next year, payouts will be subject to performance targets.
The payouts will be spread over the next four years and are subject to Mr. Pandit's meeting certain performance goals.
If an employee withdraws only some money in a lump sum, her or his payouts will be reduced proportionately.
The judge's order suggests that further specifics on investor payouts will be needed before he signs off on the agreement.
And the payouts will be taxed as income, rather than as dividends, because the trust does not pay corporate taxes.
Similar(33)
It is reported by the Evening Standard that his payout will be £4.5m.
But Nick added: "Let us hope my mother's paltry payout will be rectified soon".
The payout will be in respect of the current financial year, which runs to the end of September 2011.
The cash element is smaller – roughly 70% of the payout will be in Verizon shares.
The payout will be less if you choose to adjust your payments for inflation.
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