UNS unilife corporation

US Trustee Takes Aim At Unilife's $1M Exec Bonus Plan By Matt...

  1. TDA
    11,411 Posts.
    lightbulb Created with Sketch. 137
    US Trustee Takes Aim At Unilife's $1M Exec Bonus Plan
    By Matt Chiappardi

    Law360, Wilmington (May 5, 2017, 2:41 PM EDT) -- The U.S. trustee on Thursday took aim at medical device maker Unilife Corp.'s plan to pay top executives up to $1 million in bonuses, arguing that the benchmarks for unlocking the money appear to be so low that they aren't incentives at all and may not pass legal muster.

    In an objection before the Delaware bankruptcy court, the federal bankruptcy watchdog’s office argues that at least one key component of the bonus plan, which is tied to a sale and Chapter 11 confirmation for the medical...
    To view the full article, register now.

    Try Law360 FREE for seven days
 
Add to My Watchlist
What is My Watchlist?
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.

Currently unlisted public company.

arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.