Originally Posted by Mr. Plow
Gill will be off the books because his money is due in like 90 days or something - or that could be a rumor, I don't know....but I don't think Zenger would have made his move so quickly if the money wasn't already lined up.
Wow - Gill must have a hell of an agent.
I wonder if it's a reduced amount at least; the time value of several million dollars that would've been earned over another 3 years is pretty significant. If he's getting the same amount and getting it all up front, he's cornholing you guys. Besides, if he gets another job, that would offset the amount he would technically be owed (mitigating the damages). As such, KU would be entitled to reduce the entire balance by whatever he earned. If he already has that in hand, KU now has to go through the process of getting it back from him.
I'll be honest, that kinda seems unlikely, but I guess it's not impossible. Did they negotiate a reduced buyout with him? Because that would make more sense at that point. He'd have more leverage to demand it within 90 days and he'd have more incentive to go out and find a new job.