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If he gets terminated in the event that Zynga has a "change in control" or gets acquired, both the big stock grants get fully accelerated with the cash severance being paid in a lump sum.
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But by now his severance was gone.
Severance is always at hand.
Terms of the severance were not disclosed.
The effect of severance is startling.
For union employees, severance is usually governed by contract terms, so enhanced packages are not applicable.
"Severance" is rated R (Under 17 requires accompanying parent or adult guardian).
Mr. Caplan's severance was double the salary and bonus he received for 2006.
But given Anselm's merely theoretical starting point, that severance was not merely to be expected; it was almost inevitable.
Dr. Garnier's proposed severance is far from the largest "golden parachute" ever awarded to a corporate executive.
His severance was reduced to $9 million from $100 million and still includes certain benefits like health and life insurance.
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CEO of Professional Science Editing for Scientists @ prosciediting.com