Tennessee Restructuring Agreement

State:
Multi-State
Control #:
US-CC-12-1640B
Format:
Word; 
Rich Text
Instant download

Description

12-1640B 12-1640B . . . Restructuring Agreement under which (a) Delaware corporation (Company) will become holding company by transferring substantially all its assets and liabilities, except for capital stock of its subsidiaries, to a newly organized wholly-owned Delaware subsidiary, (b) pursuant to terms of a Demerger Agreement, certain assets and liabilities of a Norwegian corporation (Norway-One) shall be demerged into a new Norwegian corporation (Norway-Two) and each holder of outstanding shares of Norway-One shall receive one share of capital stock of Norway-Two for each Norway-One share held by such holder, and (c) Company shall commence an Exchange Offer to prospective shareholders of Norway-Two to exchange cash and warrants for Company Class A Common Stock for their Norway-Two shares
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FAQ

DeAndre Hopkins signed a two year, $26 million contract with the Titans. $10/98 million is guaranteed including a $9.815 million signing bonus. If on the roster on the 5th day of the league year in 2024 he will earn a $4.06 million roster bonus.

Derrick Henry is a running back for the Tennessee Titans of the NFL. He set the national high school football record for career rushing yards with the Yulee Hornets and played college football for the Alabama Crimson Tide, where he dominated his junior season.

The Titans signed Byard to a five-year, $70.5 million contract extension in 2019, making him one of the league's highest paid safeties. By trading Byard, the Titans save $4.0 million against the salary cap for 2023 but accrue $7.273 million in dead cap space.

Derrick Henry contract The 29-year-old signed a four-year, $50 million deal with the Titans in 2020 after receiving the franchise tag, but no extension has been reached between the two sides.

Henry is carrying a $16.3 million cap hit this season, and he'll presumably want a raise moving forward.

Derrick Henry signed a 4 year, $50,000,000 contract with the Tennessee Titans, including a $12,000,000 signing bonus, $25,500,000 guaranteed, and an average annual salary of $12,500,000. In 2023, Henry will earn a base salary of $10,500,000, while carrying a cap hit of $16,367,647 and a dead cap value of $20,602,941.

CAREER TRANSACTIONS: The Yulee, Fla., native was selected by the Titans in the second round (45th overall) the 2016 NFL Draft.

Derrick Henry has not won any championships in his career.

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Tennessee Restructuring Agreement