If Napier is terminated without cause, the UAA will be responsible for 85 percent of the total remaining annual compensation through the otherwise unexpired term, without any mitigation obligations incurred by Napier or offset rights attributed to UAA.
The payments would be made as follows: 50 percent paid within 30 days of termination, the remainder paid in equal installments (12.5%) over four years, with the first installment paid on the first July 15th following such termination and each July 15 thereafter until paid in full.
FYI they also paid ULL 3 Million to get him.