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Article: Firestone Tire & Rubber Co.'s employment agreement with its chairman, John J. Nevin, provides that he is to continue as an executive or consultant until he reaches 65 in Feb. 1992.
- Article from:
- PR Newswire
- Article date:
- April 13, 1987
CopyrightCOPYRIGHT 1987 PR Newswire Association LLC. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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AKRON, Ohio, April 13 /PRNewswire/ -- The Firestone Tire & Rubber Co. (NYSE: FIR) and its chairman John J. Nevin have entered into a new employment agreement, the terms of which will provide that Nevin will continue as an executive of or consultant to Firestone until he attains age 65 in February 1992.
During the term of the contract, Nevin has agreed to remain as chief executive officer of the company until Firestone's board of directors elects a successor. The company has agreed that while Nevin serves as chief executive officer, he will be paid a salary not less than his current salary and continue to be eligible for supplemental compensation under the terms ...