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Institutional Financial Markets, Inc. Message Board

misha_karpenko02 1 post  |  Last Activity: Jul 10, 2015 4:11 PM Member since: May 14, 2008
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  • misha_karpenko02 by misha_karpenko02 Jul 10, 2015 4:11 PM Flag

    The Employment Agreement Amendment will provide that if Mr. Cohen's employment is terminated by the Seller without cause, or by Mr. Cohen for good reason (as such terms are defined in the Employment Agreement), the Seller will pay Mr. Cohen a maximum of $1,000,000 as a severance benefit. The Employment Agreement currently provides that in the event of such termination, the Seller will pay Mr. Cohen a minimum of $3,000,000 as a severance benefit.

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