Former Initiatives Prince George (IPG) chief executive officer Tim McEwan's "terms of departure" will entitle him to nearly $140,000 over the next six months, but the economic development corporation would have been tied to an even bigger pay out if the deal was not reached, IPG board chair Mark Feldinger said Friday.
The agreement was reached with McEwan, Feldinger said during a press conference at the IPG offices, with advice from independent legal counsel and at an cost that added up to "significantly less than the 28 months remaining on his contract."
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