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KELLY ON SAGE PAYROLL THROUGH MAY 31 Featured

Steve Kelly, SageSteve Kelly may no longer be CEO of the Sage Group. But he is not forgotten and remains on the company payroll through May 31, according to the company’s annual report for the year ended September 30.

Until his official severance date, he will be paid monthly with a base salary of around $1 million, along with benefits, which including car allowance, pension contributions, private medical insurance, permanent health insurance and life assurance. He also received about $14,000 plus VAT in contribution toward legal fees. His equity and bonus awards continue to vest through his departure. For 2018, Kelly  received nearly $2 million, proportionate to the time he was with the company during the fiscal year. At the same time, Blair Crump, North American president, went on the board on January 1 and his pay of roughly $736,000 reflects pay from that date through September 30, the end of the fiscal year. Hare received approximately $2.17 million for the year.

 

 

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