- 9 - October 2, 1992 letter, petitioner’s counsel referred to petitioner’s rights under the Millipore S.A. collective bargaining agreement and stated that petitioner should receive: (1) Cumulative damages of $977,814, plus (2) 60 percent of his salary during the period the noncompetition clause would be in effect, and (3) damages for termination without cause (the French equivalent of outrageous dismissal). The $977,814 cumulative damages were calculated as follows: 10 months’salary (based on seniority) $190,000 3 months’ salary (failure to give notice) 57,000 2 years’ salary (termination without cause) 456,000 French pension fund contribution 30,000 Millipore participation plan contribution 15,077 Millipore savings plus match 4,237 Millipore incentive (restricted) stock options 175,500 Millipore non-qualified stock options 50,000 TOTAL 977,814 This letter was referred to Geoffrey Nunes, Millipore’s general counsel and senior vice president. After reviewing the letter, Mr. Nunes requested the parties to meet. Millipore anticipated that petitioner would institute suit in Massachusetts for claims based in tort, as enumerated in petitioner’s counsel’s October 2 letter, and had potential causes of action in France. Millipore’s management recognized that petitioner’s claims posed the risk of significant financial exposure to the company. The parties met on October 9, 1992. During the course of the meeting, a heated discussion ensued. Mr. Nunes initially took the position that petitioner did not have any French or U.S. law claimsPage: Previous 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 Next
Last modified: May 25, 2011