Moss to receive £500,000 on top of basic salary
Andrew Moss will receive his basic salary in lieu of twelve months’ notice in accordance with his contract when he leaves Aviva at the end of May.
The insurer’s ex-CEO will also receive £300,000 in settlement of any claims that he might have to bonus payments under his contract.
In addition, Mr Moss will retain the benefit of £209,000, or five twelfths, of the annual payment made in April 2012 under the Aviva Capital Accumulation Plan – the company’s money purchase pension plan.
Mr Moss may also be due payments in lieu of holiday entitlement and legal and out-placement expenses.
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