EA Executives Protect Themselves Against Change of Company Control
In a filing with the Securities and Exchange Commission, Electronic Arts detailed a plan it put into effect on February 7 to protect EA executives in the event that control of EA changes hands.
The plan appears designed to ensure the EA's executives get a large payment if EA's ownership substantially changes or the company engages in certain merger or consolidation activities. The plan allows EA to designate employees as one of four groups who will receive 0.5 to 1.5 times their total annual salary and bonus in the event of a change in control.
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