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Bankruptcy Court Judge Approves Nassau Severance Plan
August 9, 2012 at 5:08 AM (PT)
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U.S. Bankruptcy Court Judge KEVIN GROSS has approved a severance plan for former NASSAU BROADCASTING employees.
The plan gives eligible parties terminated without cause and not offered a comparable job (at least 75% of the NASSAU salary) with the stations' buyers payments based on their tenure with NASSAU, capped at 2 months' base salary.