Hmmm, maybe we will never see that 401K match at end of 2022 - why do these guys get a bonus on a “liquidity event” - what are they planning? And what will it cost us?
XRX 8K Report: http://ih.advfn.com/stock-market/NYSE/xerox-XRX/stock-news/87056479/current-report-filing-8-k January 12, 2022, the Compensation Committee (the “Committee”) of the Board of Directors of Xerox Holdings Corporation (the “Company”), in order to incentivize retention and the execution of the Company’s strategic goals, which include the standing up of new businesses, approved the material terms of an arrangement under which certain employees, including named executive officers other than the Company’s Vice Chairman and Chief Executive Officer, will be eligible to receive a bonus in the event a future transaction occurs that constitutes a “liquidity event” with respect to a designated business unit (as determined in accordance with the Grant Instrument, defined below).