SteveC 150 Posted January 24, 2014 Share Posted January 24, 2014 As forlan said, it's clear as mud. Sounds like his share options amounted to him being entitled to £500k worth of shares, but we don't know if he got them or not. Well it could be made clearer from their point of view, were they to say he wasn't getting his 200k one year salary pay off if they forgot to ask for his 200K league two winning bonus payment.... 0 Quote Link to post Share on other sites More sharing options...
Steve1872 4 Posted January 24, 2014 Author Share Posted January 24, 2014 Jonathan Sutherland @BBCjsutherland4m Brian Stockbridge will leave Rangers with his contract paid up in full. Equates to £200,000. More at http://www.bbc.co.uk/sportscotland 0 Quote Link to post Share on other sites More sharing options...
aweebluesoandso 290 Posted January 24, 2014 Share Posted January 24, 2014 I'm shocked..............................he lasted so long. 0 Quote Link to post Share on other sites More sharing options...
SteveC 150 Posted January 24, 2014 Share Posted January 24, 2014 Jonathan Sutherland @BBCjsutherland4mBrian Stockbridge will leave Rangers with his contract paid up in full. Equates to £200,000. More at http://www.bbc.co.uk/sportscotland exactly the amount of his returned bonus.............. 0 Quote Link to post Share on other sites More sharing options...
forlanssister 3,060 Posted January 24, 2014 Share Posted January 24, 2014 So Stockbridge and Green both departed with payoffs in excess of what they were contractually entitled to. 0 Quote Link to post Share on other sites More sharing options...
Zappa 0 Posted January 24, 2014 Share Posted January 24, 2014 Well it could be made clearer from their point of view, were they to say he wasn't getting his 200k one year salary pay off if they forgot to ask for his 200K league two winning bonus payment.... The way I'm reading the info we have, which admittedly isn't very detailed, is that he was paid the remainder of his salary for the year, which would amount to roughly half of his annual salary, so about £100k. 0 Quote Link to post Share on other sites More sharing options...
Zappa 0 Posted January 24, 2014 Share Posted January 24, 2014 So Stockbridge and Green both departed with payoffs in excess of what they were contractually entitled to. Where are you getting that from mate? What's the story? 0 Quote Link to post Share on other sites More sharing options...
BrahimHemdani 1 Posted January 24, 2014 Share Posted January 24, 2014 Clear as mud in the prospectus. A contractual payment would not be considered ex-gratia or a bonus. or on 6 month’s notice Absent agreement to the contrary i.e. "mutual agreement" (and subject to the actual agreement not what is recorded in the prospectus, which is ambiguous at least in relation to the bonus and shares) , it would appear that he was contractually entitled to 6 months salary; I would regard anything above that as either ex gratia or a bonus or some combination of the two. 0 Quote Link to post Share on other sites More sharing options...
barca72 440 Posted January 24, 2014 Share Posted January 24, 2014 So Stockbridge and Green both departed with payoffs in excess of what they were contractually entitled to. It's worth it if that was the only way we could have got rid of them. Now we have a chance to build the team properly. 0 Quote Link to post Share on other sites More sharing options...
SteveC 150 Posted January 24, 2014 Share Posted January 24, 2014 Where are you getting that from mate? What's the story? A BBC Twitter claims he got £200k ....of course they could be wrong 0 Quote Link to post Share on other sites More sharing options...
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