The value of the change-in-control payout hinges on Aslett's unvested shares and Mercury's stock price.
In his resignation letter, Aslett said he was entitled to the change-in-control payout even though that change did not occur.
Mercury said its board of directors disputed Aslett's claim to the change-in-control payout.
Without it, Aslett would be entitled only to a $2.4 million severance package, a Mercury regulatory filing shows.
But the contract stipulates that to be eligible for the change-in-control payout, Aslett also needed to resign for "good reason."
Persons:
Mark Aslett, Marc Hodak, Aslett, Mercury, Charles Elson, William Ballhaus, Elliott, I've, Francis Byrd, David Carnevali, Svea Herbst, Bayliss, Greg Roumeliotis, Matthew Lewis
Organizations:
YORK, Mercury Systems Inc, Mercury, Reuters, University of Delaware, Elliott Investment Management, Alchemy, Partners, Svea, Thomson
Locations:
Andover , Massachusetts, New York