The TORONTO 2015 Pan Am/Parapan Am Games Organizing Committee (TO2015) and its former chief executive officer, Ian Troop, have reached a severance agreement. The settlement, which follows the terms laid out in Troop's 2011 employment contract, will provide him with a cash payment of $478,200. Other settlement costs include legal fees of $3,500; outplacement payments of $10,000; deferred retirement benefits including an RRSP of $27,300; and medical and health benefits through the severance period of $15,800. The agreement was approved today by TO2015's 12-member board of directors.
TO2015 and Former CEO Reach Severance Agreement
TO2015 and Former CEO Reach Severance…
TO2015 and Former CEO Reach Severance Agreement
The TORONTO 2015 Pan Am/Parapan Am Games Organizing Committee (TO2015) and its former chief executive officer, Ian Troop, have reached a severance agreement. The settlement, which follows the terms laid out in Troop's 2011 employment contract, will provide him with a cash payment of $478,200. Other settlement costs include legal fees of $3,500; outplacement payments of $10,000; deferred retirement benefits including an RRSP of $27,300; and medical and health benefits through the severance period of $15,800. The agreement was approved today by TO2015's 12-member board of directors.