Retired Heritage Bank executive must wait for severance payments(0)
When James Mayer became an executive vice president with Heritage Commerce after its 2007 acquisition of Diablo Valley Bank, where he served as president, his employment agreement called for him to receive a severance payment of $300,000 paid in equal installments over 18 months after his resignation.
Mayer, 67, who resigned on April 30, will have to wait Read the rest of this entry »
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