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Response to CanonRay (Reply #12)

Sat Nov 10, 2012, 09:42 AM

13. He worked for the company since 1999.

Severance is $3.5M, no bonus and cannot exercise his unvested stock options.

http://www.businessweek.com/news/2012-11-09/lockheed-s-kubasik-slated-next-ceo-resigns-over-relationship

Kubasik will receive $3.5 million as a severance payment, Lockheed said in a filing with the Securities and Exchange Commission. He will forgo a bonus for this year as well as any unvested portion of his stock options, the company said. Kubasik will be eligible to continue receiving the company’s medical and dental benefits for as long as 18 months, according to the company.

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