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Re: waterchaser post# 23945

Friday, 06/26/2020 12:23:55 AM

Friday, June 26, 2020 12:23:55 AM

Post# of 64649
Under a plan that is otherwise a formula plan, participants have the right following a change in
control (as objectively defined in the plan) to elect to receive benefits in the form of cash or stock. A – Grant, award, or other acquisition. It can be several things. In this case it was acquired in lieu of cash. Not awarded. Plain English.
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