Word: payments
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...followed by a 7-day period during which they could reconsider. The first wave began on Feb. 17, and the second began on March 16.Galvin said that in addition to Harvard's normal pension benefits, staff members who accepted the buyout packages received a one-time retirement lump-sum payment equal to one year's annual salary, a "bridge benefit" of $750 per month until Social Security eligibility at age 62, and a waiver on the "rule of 75"--which stipulates that an employee's age plus service must equal 75--for retiree medical eligibility. He said that while most...
...Byron ’59, who also reported on the Bennett Street Yard acquisition controversy for The Crimson.Vellucci went on to serve three terms as mayor of Cambridge in the 1970s and 1980s. He made a name for himself by demanding that Harvard make a “payment in lieu of taxes.” In February of 1959, the Cambridge City Council had considered, but ultimately voted down, an order proposed by Vellucci that would require the MTA to notify the body of any plans to sell land in Cambridge.Commenting on the order in 1959, Councillor Pearl...
...Saab, Opel, Saturn and Hummer up for sale, then killed Pontiac. (Marchionne promptly entered fire-sale bids for Opel and Saab.) As the expected bankruptcy filing approached, plans were under way for a complicated stock deal that would render existing shares essentially worthless. Secured bondholders were being offered full payment in new company stock, while others were being told to expect far less...
...proceeds if the company is liquidated. In between lie the unsecured claims. For a carmaker, this creditor class includes suppliers who haven't been paid, car owners whose repairs ought to be covered by warranty, dealers seeking reimbursement for manufacturers' rebates - and the UAW seeking a VEBA payment...
...stay with the police in West Berlin and spy for the Stasi under the cover name of Otto Bohl. For years, Kurras delivered sensitive information about Allied soldiers and police officers to his controllers in East Berlin. According to government officials, he was rewarded handsomely for his services. One payment alone in 1966, for instance, came to 4,500 German marks, worth just over $1,000 at the time. (See pictures of the dangers of printing money in Germany...