And now, severance furniture?
Here at footnoted.org, we’ve seen all sorts of strange severance agreements from a plane to a Porsche. But the severance package outlined in this agreement filed by Mannatech (MTEX) late Friday is definitely one of the stranger ones.
That’s because the company’s former chief legal officer apparently asked for — and received — her office furniture as part of the deal. That’s in addition to a consulting agreement that will pay her $10K a month for the next year. Oh, and there’s also her company car thrown in for good measure. But both of those are pretty standard compared to the office furniture, which the filing very specifically spells out as consisting of "the executive desk, executive chair and two side chairs". There’s no word in the filing on who will foot the moving expenses, but our bet is on Mannatech.