Separation Agreement

Note for Target legal: I am not leaking anything, just republishing a public document from, the source is below:

Transition Agreement

Key Terms:
Amy Tu leaves her role as Target’s Chief Legal & Compliance Officer on May 21, 2025, with her job officially ending June 1, 2025. She’ll receive her regular pay until then, plus 24 months of income continuation (~$3M) and up to $30K in job placement support.
Pros for Employee:
- Guaranteed two years of paid income after leaving.
- Outplacement services to help find a new job.
- Keeps rights to certain long-term incentive plans and benefits.
Cons for Employee:
- Must follow strict non-compete, confidentiality, and non-disparagement rules for up to two years.
- Loses eligibility for 2025 bonus and must cooperate with Target post-departure.
Business Impact (for Target):
- Ensures a smooth leadership transition and protection of company secrets.
- Prevents a top executive from joining or helping competitors soon after leaving.
Source: https://contracts.justia.com/companies/target-1261/contract/1339058/

#Severance #Legal #Leadership #Compensation

9 replies (most recent on top)

In terms of bodies buried? Like TGT is cooking the books or just Amy Tu knows all the poor decisions leaders at target have made. Like why would anyone really care to pay someone $3M to shutup?

I think bigger issue is us losing $20B in equity value as a company...3

Heh.

After some discussion with ChatGPT about WHY she was paid 3 million smackers after just 11 months, it summarized it with:

"She knows where the bodies are buried".

Yeah, now I get it. All the little dirty secrets target sweeps under the rug? The Chief compliance lawyer knows all of them. THAT'S why they get these sweet golden parachutes.

@a1 they'll get paid through Jan 3rd and then one week of severance per year of service

And she was at TGT for...11 months!! $3M severance.

that's sick money, basically this is more than i'll make in my lifetime.

Imagine the tax amount on that $3M payment

I am the @OP - I know this is not for the average Joe - this is an exec level separation agreement - posted here just for transparency.

breaking news: c-suite level employees get treated differently than joes

@OP the average team member isn’t getting paid for 2 years. They are going to be luck to get paid 60 days

Thread regarding Target Corp. layoffs

Separation Agreement

9 replies (most recent on top)

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