Illegal Activity
none
Blackmail
none
Date
2018-01-30
Document Type
legal filing
Model
gemini-2.0-flash-001
Processed
2026-02-07T18:41
Summary
This document outlines the terms of Mr. Miller's employment agreement as Chairman and CEO of AB Acquisition, including his salary, benefits, and conditions for termination. It also details the life insurance policy assigned to Mr. Miller and the definition of 'Cause' and 'Good Reason' for termination.
Metadata
- Subject
- Amendment No. 3 to Form S-1 - Miller Employment Agreement
- Sender
- —
- Recipients
- —
- Document ID
- DB-SDNY-0081686, SDNY_GM_00227870
- Date
- 2018-01-30
Relationships 1
| Entity 1 | Relationship | Entity 2 | Description |
|---|---|---|---|
| Mr. Miller | Employment | AB Acquisition | Mr. Miller is the Chairman and Chief Executive Officer of AB Acquisition. |
Notable Quotes 2
The Miller Employment Agreement provides that Mr. Miller will serve as Chairman and Chief Executive Officer (which will be the senior most executive officer) and a voting member of the board of directors and of any executive or operating committee of the board of directors other than, following the consummation of the IPO-Related Transactions and this offering, the compensation committee, audit committee or any other committee required by the rules of the SEC or the applicable securities exchange to be made up of solely independent directors.
In the event of a termination of Mr. Miller's employment by us without Cause or by Mr. Miller with Good Reason, subject to his execution of a release, Mr. Miller will be entitled to a lump sum payment equal to his base salary for the remainder of the term and his target bonus. In addition, following the term of Mr. Miller's employment, Mr. Miller will be entitled to a payment of $50,000 per month (or partial month) during his lifetime and, after his death, his spouse will become entitled to a payment of $25,000 per month for each month (or partial month) during her lifetime. In any event, such payments will cease on the tenth anniversary of the end of the term.
Financial Information
Amounts:$2,000,000$50,000$25,000$5.0 million
Assets:
- Corporate aircraft for up to 100 hours of personal use per year for Mr. Miller, his family members and guests
- Key man life insurance policy on Mr. Miller's life
Transactions:
- Annual base salary of $2,000,000 per year for Mr. Miller
- Lump sum payment equal to his base salary for the remainder of the term and his target bonus in the event of termination without cause or with good reason
- Payment of $50,000 per month to Mr. Miller during his lifetime
- Payment of $25,000 per month to Mr. Miller's spouse after his death
- Assignment of $5.0 million of key man life insurance policy to Mr. Miller
Raw Analysis JSON
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Themes
Employment/staffingFinancial transactions/money flowLegal matters/litigationBusiness dealings
People 1
Organizations 3
SECAB AcquisitionSafeway
Text Analysis
- Tone
- Formal
- Purpose
- To describe the terms of Mr. Miller's employment agreement.
- Significance
- Details the compensation, benefits, and termination conditions for the Chairman and CEO.
File Info
- File Name
- EFTA01382355.txt
- Dataset
- dataset_10
- Type
- Text
- Model
- gemini-2.0-flash-001
- Processed
- 2026-02-07T18:41:44.216404
- DOJ Source
- View on DOJ