The Rump Organization (“Rump”), an SEC registrant, is acommercial real estate company that purchases and constructscommercial property. On the basis of the corporate restructuringplan, Rump’s CEO, Ronald Rump, and Rump’s board of directorsapprove a plan to terminate 100 of the company’s employees. Theplan provides for each terminated employee to receive a lump-sumcash payment equal to one month’s salary only if the employeevoluntarily signs a waiver of any right to legal action againstRump.
Consistent with Rump’s past practice, employees that refuse tosign the litigation waiver will not receive any of the severancebenefits. Consider the following additional facts: The corporaterestructuring plan identifies the
PayPal Gateway not configured
PayPal Gateway not configured