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.
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.
