GAIN Capital CFO Jason Emerson resigned on October 1, will take $278,000 cash plus early vesting of stock and options

US electronic trading giant Gain Capital Holdings Inc (NYSE:GCAP) has today announced that On October 1 this year, the company entered into a Separation and Release Agreement with Jason Emerson, the Company’s Chief Financial Officer, in connection with Mr. Emerson’s previously announced resignation from the Company, which was effective as of October 1. According to […]

US electronic trading giant Gain Capital Holdings Inc (NYSE:GCAP) has today announced that On October 1 this year, the company entered into a Separation and Release Agreement with Jason Emerson, the Company’s Chief Financial Officer, in connection with Mr. Emerson’s previously announced resignation from the Company, which was effective as of October 1.

download

According to the terms of the agreement, Mr. Emerson is entitled to receive his accrued but unpaid salary through the final date of his employment, a payment of approximately $16,000 in consideration of accrued but unused paid-time-off benefits, a cash severance payment of $62,500, along with an additional cash payment of $200,000, which will be payable at the time when bonus payments are made to the Company’s other executive officers in 2016.

Additionally, GAIN Capital will accelerate the vesting of 7,437 restricted stock units and 4,884 stock options held by Mr. Emerson and also grant continuation of health benefits through December 31, 2015.

For the official filing with the Securities and Exchange Commission, click here.

Read this next

Digital Assets

BlockDAG’s Presale Achieves $9.9M: Aiming For A 5000-Fold ROI As Cardano’s Price Rises And Fantom Launches Sonic

Explore Cardano’s surge, Sonic’s efficiency, and why BlockDAG’s growth makes it the top crypto choice. A deep dive into the future of blockchain investments.

Digital Assets

US, UK probe $20 billion Tether transfers tied to Russian exchange.

U.S. and UK authorities are investigating the movement of $20 billion in the USD-pegged stablecoin tether (USDT) through Moscow-based exchange Garantex.

Digital Assets

BlockDAG Presale Raises $9.9M as Batch 5 Nears Sell-Out Amid Bonk’s Fluctuating Trading Volume & Spell’s Bullish Price

Explore BONK’s trading volume, SPELL’s market shifts, and why BlockDAG’s 10,000 ROI makes it an ideal crypto for savvy investors in 2024.

Digital Assets

Bybit expands into Europe amid regulatory scrutiny

Dubai-based cryptocurrency exchange Bybit is expanding its operations in Europe after encountering regulatory challenges in Hong Kong.

Digital Assets

Cathie Wood’s sponsored Bitcoin ETF sees historic $200 million inflows

The ARK 21Shares Bitcoin ETF (ARKB), co-sponsored by Cathie Wood’s ARK Invest, registered historic inflows exceeding $200 million on Wednesday, signaling a robust appetite among investors for Bitcoin-centric investments.

Digital Assets

Sam Bankman-Fried might see his 25-year sentence halved

Sam Bankman-Fried, the founder of the failed cryptocurrency exchange FTX, was sentenced to 25 years in federal prison by a Manhattan court on Thursday. This comes after he was convicted of defrauding customers and investors, with Judge Lewis Kaplan highlighting the potential future risks posed by Bankman-Fried.

Technical Analysis

EURJPY Technical Analysis Report 28 March, 2024

EURJPY currency pair under the bearish pressure after the pair reversed down from the major resistance level 164.25, which also stopped the sharp weekly uptrend at the end of last year,

Digital Assets

BlockDAG’s Presale Hits $9.9M, MultiversX & MINA Price Predictions Show Green

Read about BlockDAG’s promising $10 prediction and insights on MultiversX Price Prediction as MINA’s potential unfolds.

Digital Assets

Rockstar Co-Founder and All-star Line Up Join Advisory Board to Take Metacade into Post Beta Orbit

Metacade, the revolutionary Web3 gaming platform, prepares to streak out of beta with a slew of ground-breaking initiatives that will redefine the way blockchain games are developed.

<