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Re: ron_66271 post# 534639

Wednesday, 08/22/2018 12:38:21 PM

Wednesday, August 22, 2018 12:38:21 PM

Post# of 734772
The employees are contending that the CIC has occurred and the payment provision has been triggered,...i'm not sure what exactly is the LT/FDIC's rebuttal regarding that assertion.

If there were additional clauses in the employee contracts that would cause the nullification of the "parachute payments" then I suppose the LT/FDIC would submit that defence.

Will need to reread the full filing to understand each sides respective argument(s).

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