NCEM » Topics » Potential Payments Upon Termination or Change in Control

These excerpts taken from the NCEM 10-K filed Mar 4, 2008.

Potential Payments Upon Termination or Change in Control

        The information below describes and quantifies certain payments or benefits that would be payable to Dr. Day under our existing plans and programs we had undergone a change in control on December 31, 2007 and he had been terminated. These benefits are in addition to benefits generally available to all salaried employees of the Company in connection with a termination of employment such as distributions from the 401(k) Plans, disability and life insurance benefits, the value of employee-paid group health plan continuation coverage under COBRA and accrued vacation pay.

Potential Payments Upon Termination or Change in Control



        The information below describes and quantifies certain payments or benefits that would be payable to Dr. Day under our existing plans and programs we had
undergone a change in control on December 31,
2007 and he had been terminated. These benefits are in addition to benefits generally available to all salaried employees of the Company in connection with a termination of employment such as
distributions from the 401(k) Plans, disability and life insurance benefits, the value of employee-paid group health plan continuation coverage under COBRA and accrued vacation pay.



This excerpt taken from the NCEM DEF 14A filed Apr 5, 2007.

Potential Payments Upon Termination or Change in Control

The information below describes and quantifies certain payments or benefits that would be payable to Dr. Day under our existing plans and programs we had undergone a change in control on December 31, 2006 and he had been terminated.  These benefits are in addition to benefits generally available to all salaried employees of the Company in connection with a termination of employment such as distributions from the 401(k) Plans, disability and life insurance benefits, the value of employee-paid group health plan continuation coverage under COBRA and accrued vacation pay.

 

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"Potential Payments Upon Termination or Change in Control" elsewhere:

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