Big payout potential for CEO in Nuplex takeover
Terms of performance rights allow for immediate vesting if control of company changes.
Executives at resins company Nuplex [NZX: NPX] look set for a multimillion-dollar windfall if a $1 billion proposed takeover by private-equity-backed Belgian company Allnex goes ahead.
Under the Nuplex incentive pay scheme, senior executives receive performance share rights which vest if
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Tim Hunter
Fri, 19 Feb 2016
Fri, 19 Feb 2016
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Big payout potential for CEO in Nuplex takeover
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