Edition:
India

Lululemon Athletica Says Agreed To Pay Laurent Potdevin Lump Sum Cash Payment Of $3.4 Mln As Soon As Practicable After Effective Date Of Separation


Tuesday, 6 Feb 2018 

Feb 5 (Reuters) - Lululemon Athletica Inc ::LULULEMON ATHLETICA - AGREED TO PAY LAURENT POTDEVIN LUMP SUM CASH PAYMENT OF $3.4 MILLION AS SOON AS PRACTICABLE AFTER EFFECTIVE DATE OF SEPARATION.LULULEMON ATHLETICA INC - POTDEVIN WILL NOT RECEIVE ANY CONTINUED OR ACCELERATED VESTING OF ANY OUTSTANDING EQUITY AWARDS.LULULEMON - IN CONNECTION WITH POTDEVIN’S RESIGNATION, CO TO MAKE CASH PAYMENT $1.65 MILLION TO BE PAID OVER A PERIOD OF 18 MONTHS.