The filing in black and white states that they are not being paid in cash under their current employment contracts and had not been paid prior to the meeting date. You can argue the timing all you want but it is clear that they had not been compensated up to December 28th 2011 and aren't going to be compensated in cash for their employment under the January 1st 2012 contract. It is all there in the filing.
This proves that they hadn't been paid up to the meeting date
consideration for the non-payment to them of any compensation since taking over the responsibilities of running the Company after the passing of Company Chief Executive Officer Patrick Champney on August 23, 2011.
This proves they are not getting paid for their current contracts
in lieu of cash compensation required by their employment agreements, effective January 1, 2012.
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