Zappa 0 Posted January 24, 2014 Share Posted January 24, 2014 Neither were entitled to a years salary as a payoff. His year end is in the summer though, is it not? If so, I'd assume the pay off is just paying him till the summer as I posted earlier. 0 Quote Link to post Share on other sites More sharing options...
Darthter 542 Posted January 24, 2014 Share Posted January 24, 2014 Tom English @TomEnglishSport33mBrian Stockbridge leaves Rangers. Not a surprise. Graham Wallace was hinting at it in The Scotsman on Tuesday. Philip Nash the man to watch As predicted by me here on the 15th Jan (post #5)..... 0 Quote Link to post Share on other sites More sharing options...
forlanssister 3,114 Posted January 25, 2014 Share Posted January 25, 2014 His year end is in the summer though, is it not? If so, I'd assume the pay off is just paying him till the summer as I posted earlier. Six months is his maximum entitlement. Wallace wants it spun as a dismissal 0 Quote Link to post Share on other sites More sharing options...
Zappa 0 Posted January 25, 2014 Share Posted January 25, 2014 Six months is his maximum entitlement. Wallace wants it spun as a dismissal There's more than one inaccuracy in that article though, so.... 0 Quote Link to post Share on other sites More sharing options...
the gunslinger 3,366 Posted January 25, 2014 Share Posted January 25, 2014 another thief resigns and gets one final shot from the gravy train on the way out. disgusting. 0 Quote Link to post Share on other sites More sharing options...
TheTinMan99 0 Posted January 25, 2014 Share Posted January 25, 2014 What's the jist of that article, for those of us without binoculars? 0 Quote Link to post Share on other sites More sharing options...
the gunslinger 3,366 Posted January 25, 2014 Share Posted January 25, 2014 What's the jist of that article, for those of us without binoculars? We have been lying to the stock market over his pay off and nature of his departure 0 Quote Link to post Share on other sites More sharing options...
BrahimHemdani 1 Posted January 25, 2014 Share Posted January 25, 2014 Six months is his maximum entitlement. Wallace wants it spun as a dismissal I agree with your interpretation. "Under a Scottish law agreement signed on 17 September 2012 (but effective from 1 September 2012), RFCL employed Brian Stockbridge as Finance Director of RFCL for a salary of £200,000 per annum……… The agreement is terminable by RFCL either for causes or on 6 month’s notice and by Mr Stockbridge on 3 month’s notice. " If he was simply on a normal contract (which is implied in that wording but would be unusual for a director) and he left by "mutual agreement" then he would be entitled to a maximum of 6 month’s salary. It’s arguable that if it was truly “mutual” then it might be 4.5 months i.e. half way between 3 and 6. If he was dismissed for cause then he would not be entitled to anything beyond 6 month’s salary unless it was deemed gross misconduct when he would be entitled to nothing. If he was on an annually renewable contract for example (which would be normal for a director) and he left by "mutual agreement" then he would be entitled to the balance of that contract i.e. 7 month’s salary. The 7 month’s salary would cover the notice period. I can’t see that he would be entitled to 6 month’s pay in lieu of notice as well. Here again, if he was dismissed for cause then he would not be entitled to anything beyond 6 month’s salary unless it was deemed gross misconduct when he would be entitled to nothing. Therefore if he has been paid £200,000 then someone is being very economical with the truth. 0 Quote Link to post Share on other sites More sharing options...
the gunslinger 3,366 Posted January 25, 2014 Share Posted January 25, 2014 Spivery. Plain and simple 0 Quote Link to post Share on other sites More sharing options...
Bluedell 5,716 Posted January 25, 2014 Share Posted January 25, 2014 The £200K could be his bonus. There may well have been conditions when he returned it, and that it was repayable if his employment was terminated within, say , 2 years. . 0 Quote Link to post Share on other sites More sharing options...
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