- 28 -
1992, multiplied by a factor equal to 2.817 (because the number
of weeks worked after the stated date would have been zero). The
prorated Retention Payment so payable exceeded the Termination
Award to which each Retained Executive would have been entitled
under the 1990 Employment Agreements if he had elected to
terminate employment with petitioner during the June 1992 Window.
A comparison of the Termination Award payable to each Retained
Executive under the 1990 Employment Agreements upon a June 1992
elective termination, with the prorated Retention Payment payable
at the inception of the 1991 Employment Agreements, follows:
17 For Mr. Francis, the factor would have been 3.0.
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