The contract was conditional on price. At the time, no one thought it possible to achieve such valuation. So they deemed the payout likely to be zero i.e. 99.9% that the payout was zero.
You understand?
This is a bonus, conditional on performance. This is not a simple payout. The legal case MUST come up at the time of initiation of the contract else it induces moral hazard.
All of Delaware is now off limits for everyone for ever now.
This is like an insurance contract being voided because it was "too good of a payout" but they only void it when you get injured, your houes burns down etc becaues "oh we didn't realize it until we had to pay". But they collected premium all those years and nobody challenged it.
This is incredibly immoral. It is literally moral hazard.
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I'm arguing from a moral standpoint, not a legal one.
The contract was conditional on price. At the time, no one thought it possible to achieve such valuation. So they deemed the payout likely to be zero i.e. 99.9% that the payout was zero.
You understand?
This is a bonus, conditional on performance. This is not a simple payout. The legal case MUST come up at the time of initiation of the contract else it induces moral hazard.
All of Delaware is now off limits for everyone for ever now.
This is like an insurance contract being voided because it was "too good of a payout" but they only void it when you get injured, your houes burns down etc becaues "oh we didn't realize it until we had to pay". But they collected premium all those years and nobody challenged it.
This is incredibly immoral. It is literally moral hazard.