Internal Executive Memo Leaked

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anonymous

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The Board is recommending withholding all bonuses, including 4th Quarter Sales Bonuses and year end corporate bonuses.

Standard Severance will be 1 month, plus 1 week per completed year with the company.

Period for Execution of any stock options will be extended for 60 days after separation.

External Legal council is currently pursuing a loophole to avoid providing a WARN notice due to Melinta plans to offer positions to a majority of the field sales force. Either way, they intend to violate the Act and deal with any future issues in court.
 








anonymous said:
The Board is recommending withholding all bonuses, including 4th Quarter Sales Bonuses and year end corporate bonuses.

Standard Severance will be 1 month, plus 1 week per completed year with the company.

Period for Execution of any stock options will be extended for 60 days after separation.

External Legal council is currently pursuing a loophole to avoid providing a WARN notice due to Melinta plans to offer positions to a majority of the field sales force. Either way, they intend to violate the Act and deal with any future issues in court.
Click to expand...
 








anonymous said:
The Board is recommending withholding all bonuses, including 4th Quarter Sales Bonuses and year end corporate bonuses.

Standard Severance will be 1 month, plus 1 week per completed year with the company.

Period for Execution of any stock options will be extended for 60 days after separation.

External Legal council is currently pursuing a loophole to avoid providing a WARN notice due to Melinta plans to offer positions to a majority of the field sales force. Either way, they intend to violate the Act and deal with any future issues in court.
Click to expand...
 








anonymous said:
The Board is recommending withholding all bonuses, including 4th Quarter Sales Bonuses and year end corporate bonuses.

Standard Severance will be 1 month, plus 1 week per completed year with the company.

Period for Execution of any stock options will be extended for 60 days after separation.

External Legal council is currently pursuing a loophole to avoid providing a WARN notice due to Melinta plans to offer positions to a majority of the field sales force. Either way, they intend to violate the Act and deal with any future issues in court.
Click to expand...
These losers even can't manage a layoff properly. Unbelievable! People still don't know if they have a job next month or not just waiting for a communication.
 
















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