Thread regarding Qualcomm Inc. layoffs

Vesting at change of control

Is the severance package communicated over the break enforcenable when the change in control occurs via a hostile takeover?

by | Post ID:
1086 views | 9 replies (last )
Comment! It's anonymous! Reply to this post anonymously by submitting the form near the bottom of the page!

9 replies (most recent on top)

2gxl, you are an idiot. Hostile takeovers are exceedingly rare these days because of these poison pill strategies.

Qualcomm Inc. is incorporated in Deleware. The Deleware supreme court upheld the validity of the poison pill defense. Here is just one example />

by | Post ID:

TMVHB for everything.

GL2U & GBU.

by | Post ID:

, good argument. Yet there must be some value in this poison pill. Can a terminated employee sue for the promised severance?

by | Post ID:

It is definitely not legally binding. Otherwise, hostile takeovers would never happen, as companies could introduce contractual poison pills to prevent anyone from ever staging a takeover. „In the event of a change in control, the employee is entitled to a $1 million bonus and a two year sabbatical.“ You think that would actually work?

All of this is just a placebo. After the acquisition, Tan can do whatever the Hock he wants.

by | Post ID:

Change in control of my happens when the deal closes. That's a year away...

by | Post ID:

Exactly.. is it a legally binding clause or just a way for QC management to keep people from quitting?

by | Post ID:

It doesn‘t matter if it‘s a hostile takeover or not. The main issue is that it is not legally binding.

by | Post ID:

Triggering event is CIC, right? So it shouldn't matter how the CIC was accomplished. Of course, there's always the fine print...

by | Post ID:

Did you not read it ???????? It clearly states that it is.

by | Post ID:

Post a reply

:

Related pages


apple shops at briargateqcom jobsepicor layoffsqcom message boarddirect energy layoffswhat does charlotte russe meanrifs blogcabelas in rapid cityashley furniture in coltonsanta anita mall nordstromdavid lesarfrys electronicqualcomm qcadominion resources virginialowes corporate headquarterskenexa canadastallion oilcano petroleum inccraig catamarandxp enterprises incdevry milwaukeedigitek computer products incness technologieschestatee medical centercabelas in charleston west virginiaruby tuesday harrisonburgsafeway benefits centerww grainger incschlumberger engineeringalliancebernstein stock price401k.comfidelitycummings rocky mountainst jude medical plymouth minnesotasears holdinghoneywell engineer salaryunitedstationersticker dddtesco corppalo alto networks employeeslittle caesars stocklockheed martin moorestown njwww iroquoisfed combank of america edd credit cardjobs at costco calgaryhalliburton oak parkwww fxcm comtheshoppingcentergroup comjobs at walgreens corporatenordstrom locations new yorkaustin thayercourt connect risae institute laservice corporation international layoffsfire brick lowesbarclays redundanciesweatherford cut jobsintel layoffsnational oilwell varco jobswww conagra foods comibm global business services layoffskmartsearsapple fair oaks mallmanulife financial philippineslaurus corpmead johnson nutrition evansvilleneiman and companyflextronics internationaljbi technologiesigate australiaapple store st johns towncenterpamida corporate office