The Hoboken Municipal Hospital Authority, the city entity that runs Hoboken (N.J.) University Medical Center, said the $600,000 severance package to former HUMC CEO Spiros Hatiras met the conditions of his contract, according to a Jersey Journal report.
Mr. Hatiras' contract outlined the severance package would be paid "upon termination, non-renewal or expiration of the term of Employment Agreement," the report said. Although his departure was a mutual agreement, the HMHA still thought he was entitled to the package because he was still "terminated."
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Mr. Hatiras' contract outlined the severance package would be paid "upon termination, non-renewal or expiration of the term of Employment Agreement," the report said. Although his departure was a mutual agreement, the HMHA still thought he was entitled to the package because he was still "terminated."
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