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2007 LTIP Grade-20 and up bonus
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<blockquote data-quote="stgeorge" data-source="post: 175715" data-attributes="member: 4840"><p>Screwed up the intermediate numbers, the totals were right:</p><p> </p><p>2007: Receive 30% of 200% of 250k (2006 year 1) = 250k+150k = 400k</p><p>2008: Receive 30% of 200% of 250k (2006 year 2) PLUS Another 30% of 200% of 250k (2007 year 1) = 250k+150k+150k = 550k</p><p>2009: 30% of 200% of 250k, 30% of 200% of 250k, 30% of 200% of 250k + 10% bonus = 250k+150k+150k+150k+50K = 750k (or 3 times their salary)</p><p> </p><p>hangingon: i don't see the board ever taking this away from grade-20's, who probably whined and complained about worthless stock options until they got this (which was paid for by neutering the MIP for everyone else)</p></blockquote><p></p>
[QUOTE="stgeorge, post: 175715, member: 4840"] Screwed up the intermediate numbers, the totals were right: 2007: Receive 30% of 200% of 250k (2006 year 1) = 250k+150k = 400k 2008: Receive 30% of 200% of 250k (2006 year 2) PLUS Another 30% of 200% of 250k (2007 year 1) = 250k+150k+150k = 550k 2009: 30% of 200% of 250k, 30% of 200% of 250k, 30% of 200% of 250k + 10% bonus = 250k+150k+150k+150k+50K = 750k (or 3 times their salary) hangingon: i don't see the board ever taking this away from grade-20's, who probably whined and complained about worthless stock options until they got this (which was paid for by neutering the MIP for everyone else) [/QUOTE]
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2007 LTIP Grade-20 and up bonus
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