GVHR » Topics » Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers

This excerpt taken from the GVHR 8-K filed May 20, 2009.

Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers

 

In anticipation of the Merger (referenced in “Item 8.01 Other Events” below), on May 15, 2009, Gevity HR, Inc. (the “Company”) provided a notice of termination of employment  (deemed to be without cause) effective as of the expected June 1, 2009 Merger date to the following persons: Michael J. Lavington, Chairman and Chief Executive Officer; Garry J. Welsh, Senior Vice President and Chief Financial Officer; James E. Hardee, Senior Vice President and Chief Sales and Marketing Officer; Paul E. Benz, Senior Vice President and Chief Information Officer; and Edwin E. Hightower, Jr., Senior Vice President and Chief Legal Officer.  These notices were delivered in accordance with the notice provisions required under the terms and conditions of the change in control severance agreements previously entered into between the Company and each of the persons listed above.

 

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