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Re: luke0920 post# 164586

Tuesday, 04/14/2009 11:08:12 PM

Tuesday, April 14, 2009 11:08:12 PM

Post# of 326383
Mr. McCready is eligible to earn as additional incentive compensation a bonus upon a successful sale of the company on or before December 10, 2009. The bonus is payable in the amount of 2.5% of the sale proceeds, if the sale proceeds are at least $45 million but not to exceed $200 million.


Can someone help me understand this?
What would be the reason for putting a cap of 200 million on a sale? Would IM hold the sale price to that figure to benefit him? To what benefit would it be to him to blast past that amount?
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