July 29, 2011
EDMONTON – Alberta Health Services today released information related to the terms of the settlement agreement with former President and CEO Dr. Stephen Duckett.
In accordance with the terms of his original employment contract, Dr. Duckett was paid $661,250 in severance pay and loss of benefits; $54,380 in variable pay (pay-at-risk) to which he was entitled for his period of employment in 2010; and $20,000 in settlement of all other potential or contingent liabilities.
No further payments will be made under the terms of the agreement, which was concluded earlier this month. No further action by either party is contemplated.
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