Annual report pursuant to Section 13 and 15(d)

Separation Charges

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Separation Charges
12 Months Ended
Dec. 31, 2018
Separation Charges  
Separation Charges

12.  Separation Charges

 

The Company recorded expenses of $2.4 million during the year ended December 31, 2018 related to the Separation Agreement consisting of $1.7 million for accelerated vesting of restricted stock grants and $0.8 million in other cash payments to be made over during the next twelve months. The compensation is subject to certain limitations on deductibility for income tax purposes under Section 162(m) of the Internal Revenue Code (see Note 5).