Mr. Montie will also collect severance pay equal to two years' salary and two years' target bonus — paid in installments over the next eight years — and certain cash and equity awards earned before his departure.
Besides the severance, which is equal to one year of salary plus a bonus for the year, Mr. Kindler will receive a $3.2 million cash bonus for 2010 and $1.8 million under an incentive plan, the filing said.
"Ask human resources to confirm to you in writing that your severance would be at least equal to other similarly situated employees".
The amount Gunderson was to receive from this severance agreement, $400,000, was about equal to his 2010 compensation package.
The severance agreement entitles him to receive a percentage of the profits, or "carried interest," from Bain funds organized during that period, as well as cash payments equal to a percentage of capital committed to the Bain funds.
per cwt., equal to 300 per cent.
"He's equal to Fred Astaire and Gene Kelly".
