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The Board of Directors, on the proposal of Vice-President and General Manager Pier Silvio Berlusconi, unanimously approved the agreement which provides for the July 31, 2018 resolution of the employer-employee relationship. employee with the payment of an "integration with the treatment of severance pay" Equal to 6.5 million gross euros (including the non-competition agreement) under the terms of the contract [19659002] In addition to the payment of the legal rights at the end of the relationship, the agreement provides for the waiver of any claim, claim or right in all cases related or occasioned by the relationship with the company, including those arising from the participation in medium and long-term incentive plans. The above amount, net of withholding taxes, will be paid on or before August 31, 2018. The agreement also provides for the determination of a "end-of-period treatment" (to be paid when it should be to stop or not to be). renewed in its current position) equal to 8.5 million gross euros, also in recognition of the extraordinary contribution made by the President since the foundation of the group.
"The agreement reached with the president makes it possible to resolve the relationship in a consensual manner of employment and thus to contain the costs borne by the company related to it. The organizational structures and the powers conferred on the Chairman, who will continue to ensure, without interruption, his precious contribution to the life of the group are not changed. "Confalonieri, to date, holds 400,000 shares in the company.
2018-07-28 14:25:08
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