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WEST PHARMACEUTICAL SERVICES INC FILES (8-K) Disclosing Change in Directors or Principal Officers(Edgar Glimpses Via Acquire Media NewsEdge) Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. On July 31, 2014, following his resignation, we entered into a separation and release agreement with Jeffrey C. Hunt, the former President of our Pharmaceutical Packaging Systems division. He is entitled under the agreement to nine months of salary continuation payments. He also will receive continuation of medical benefits through the earlier of April 30, 2015 or the date he becomes eligible for corresponding benefits with a new employer, and basic group term life insurance through April 30, 2015. Mr. Hunt remains eligible for 50% of his 2014 bonus, to be paid as and when all other bonus plan participants get paid. In exchange for these benefits, Mr. Hunt will be subject to a nine-month non-competition agreement and has signed a full and complete release of all claims. 2 -------------------------------------------------------------------------------- [ Back To TMCnet.com's Homepage ] |