Doust under fire but Dragons boss won't get out Jul 17, 2008
As the pressure increases on the St George Illawarra chief executive for allowing Gasnier to position himself with an escape clause that enabled the Test and Origin star to quit the club two seasons into a five-year deal, Doust said he had been informed the clause was "across the NRL". And he insisted he would not fall on his sword over Gasnier's exit. (Sydney Morning Herald -- Sport)
Blame game over Gasnier Jul 16, 2008
Besieged Dragons chief executive Peter Doust claimed the NRL had forced his hand into including the escape clause that has allowed the Dragons captain to walk away two seasons into a five-year deal because third-party agreements have not been honoured. This infuriated the NRL, with chief executive David Gallop returning fire last night: "There was no commitment from the NRL to guarantee income.". (Sydney Morning Herald -- Sport)
NRL disappointed at losing Gasnier Jul 15, 2008
"But if there was a firm commitment there would be no reason to have an annual escape clause which was agreed between the player and the club.". "This is not necessarily a salary cap issue, $1 million a year for a player is not something that our clubs can afford with or without a salary cap.". (sportal.com.au)
Gaz leaves drama in his wake Jul 14, 2008
There's shuffling of feet now that Gasnier has exercised the escape clause in his contract to break his five-year deal. We called Doust yesterday to ask if the board had known about the clause before or after the contract was signed in 2006, but we never heard back. (Sydney Morning Herald -- Sport)
Let 'em play union: Doust Jul 14, 2008
Gasnier insisted he had not yet signed but indicated an announcement was imminent on his playing future after being able to exercise an escape clause in his $400,000 per season contract with St George Illawarra after a number of third party deals negotiated when he re-signed last year failed to materialise. "There will be a resolution, hopefully sooner rather than later, but as yet nothing is done," he said. (Sydney Morning Herald -- Sport)
TPG pulls out of Bradford & Bingley plan Jul 4, 2008
TPG's agreement to invest $356 million in B&B included an escape clause in the event of downgrading. Bradford & Bingley is a specialist in mortgages for the purchase of rental properties. (KSLA.com, LA)
Yahoo confirms Google commitment, pans Microsoft Jun 28, 2008
The Google partnership allows for Yahoo to be sold, although the escape clause includes a break-up fee of up to $250 million. Microsoft didn't immediately respond to a request for comment Wednesday. (Globe and Mail -- Technology)
SOCCER ROUNDUP: Lippi quickly named Italy coach after Donadoni fired Jun 27, 2008
Donadoni signed a two-year contract extension before Euro 2008, but the deal included an escape clause on both sides that could be put into effect within 10 days of Italy's loss. He guided Italy to 13 victories, five draws and five losses. (International Herald Tribune)
Donadoni defends himself, with his future as Italy's coach in doubt after Euro 2008 loss Jun 23, 2008
" Today in Sports Donadoni was given a two-year contract extension before the tournament, but the deal includes an escape clause. "Over the next few days we will reflect and make a decision," Italian football federation president Giancarlo Abete said immediately after the game. "It doesn't make any sense to make a decision in the heat of the moment. " Donadoni said that too much should not be read into Abete's words. "I think the fact that he doesn't say much might be part of his character,... (International Herald Tribune -- Technology)
Defiant Donadoni says Italy played well Jun 23, 2008
An escape clause in Donadoni's new two-year contract means it would cost less to dismiss him in the next 10 days. The federation is reviewing his position and will hold talks with the coach. (International Herald Tribune -- Technology)
What 'President Obama' Would Do On FISA, Iraq Pull-Out Jun 23, 2008
However, his sole escape clause from that exit strategy is guidance and advice of commanders on the ground ... No, he replied, voicing the escape clause for Obama, I said originally that he s going to listen to commanders on the ground, obviously ... I like the escape clause just in case I'm wrong. (Human Events Online)
Born-again virgins Jun 20, 2008
I REMEMBER when a subgroup of the abstinence-only movement came up with an escape clause called secondary virginity. The idea was that just because you had sex once didn't mean you had to do it again. (Boston Globe)
Just a minor hiccup Jun 20, 2008
But there was no escape clause for his humiliation at the hands of Nadal in the French Open final as the Spaniard handed him his worst career defeat. Federer stopped the rot with a fifth title on grass at Halle to extend his winning streak on the surface to 59 matches. (The Star Online, Malaysia -- Sports)
Dragons let Ryles explore escape route as Gaz shows Frenchresistance Jun 19, 2008
" While some Dragons officials believe this will be Ryles's last season in the NRL, there was renewed optimism about Gasnier staying - at least for another year. The NSW centre is being heavily courted by French rugby club Biarritz and is expected to be a target for Paris glamour club Stade Francais should former NSW Waratahs mentor Ewen McKenzie sign as coach in the next few days. Gasnier's decision to abandon a meeting with Gallop only fuelled speculation a deal had been done. So, too, an... (Sydney Morning Herald -- Sport)
Chemical maker files suit to block its $10.6 billion merger Jun 19, 2008
Hexion also argued that the falling profits of Huntsman, also a chemical maker, constituted a material adverse effect, which activated an escape clause common to merger agreements that would let the buyer walk away without paying a breakup fee. Such clauses have been used as bludgeons in other legal tussles over deals, like the proposed acquisition of Sallie Mae, the giant student lender. (International Herald Tribune -- Business)
Fededer out to dominate Jun 19, 2008
But there was no escape clause for his humiliation at the hands of Nadal in the French Open final as the Spaniard handed him his worst career defeat. Federer stopped the rot with a fifth title on grass at Halle to extend his winning streak on the surface to 59 matches, and he insists a return to the All England Club is the perfect antidote to his recent difficulties. (iAfrica.com)
Starz Entertainment's Weekly Hot Items List June 23-29 Jun 13, 2008
The Santa Clause 3: The Escape Clause (Tim Allen, Ann-Margret, Alan Arkin) 9 p.m. on Starz Santa Claus has two problems -- family visitors who don't know they're at the North Pole, and mischievous Jack Frost, the villain who is plotting to take over Christmas. Saturday, June 28 Starz Saturday Premiere The Brothers Solomon (Kirsten Wiig, Will Forte, Will Arnett) 9 p.m. on Starz Two brothers -- who are able to convince each other that their most outlandish ideas are plausible -- try to find women... (Yahoo! Wire -- Entertainment News)
Material girls Jun 12, 2008
It's no accident that these stories are all sold as feel-good romantic comedies, because comedy is the escape clause: it's just entertainment, it's a fairy tale about desire, and anyone who objects to it is a humorless, priggish killjoy. Otherwise known as a feminist. (Guardian Unlimited)
Italy's Donadoni blasted in heated news conference Jun 11, 2008
"Hopefully we can do the same thing in the final phase of the tournament.''After acknowledging that the game marked "a sad, bitter page in our history,'' Abete added that Donadoni has the federation's "maximum support.''However, there is an escape clause in Donadoni's recent two-year contract extension that could open the way for him to be fired if Italy does not reach the semifinals.The last time Italy lost its opening match at a major football competition was a 1-0 defeat to Ireland at the... (MSNBC -- Sports)
HBOS continues to fall but City confident over bank's cash call Jun 11, 2008
"There are more positives surrounding HBOS's rights issue as a result. And there is not the escape clause of an unexpected profits warning that allowed the underwriters to pressure B changing the terms.". Keith Bowman, banking analyst at Hargreaves Lansdown, agreed. (Scotsman)
AT&T Classic not returning to Atlanta Jun 10, 2008
In December, ATked an escape clause, making the 2008 tournament its last. PGA Tour commissioner Tim Finchem said at a news conference in San Diego in February and again during The Players Championship in May that he was confident a sponsor would be found for the two tournaments that needed one: Atlanta and Tampa. (Atlanta Journal-Constitution)
Donadoni deflects criticism in heated press conference following Italy's 3-0 loss Jun 10, 2008
However, there is an escape clause in Donadoni's recent two-year contract extension that could open the way for him to be fired if Italy does not reach the semifinals. The last time Italy lost its opening match at a major football competition was a 1-0 defeat to Ireland at the 1994 World Cup. (International Herald Tribune -- Arts)
Transitions Optical signs on for PGA golf tournament Jun 6, 2008
PODS exercised an escape clause at the end of its second year of sponsorship. The deal with Transitions has no escape clause. (Tampa Bay Business Journal, FL)
Ark court tosses out death penalty in slaying over card game May 30, 2008
LITTLE ROCK - Arkansas' highest court ordered an inmate off of death row Thursday, citing a 1940 court decision that gave an escape clause from an aggravated-robbery conviction to people trying to recover gambling losses. Michael B. Daniels said he was attempting to recover $20 he lost in a game of three-card monte when he stabbed and killed James Williams, 52, on Jan. 8, 2006. (Pine Bluff Commercial, AR)
Inflation tests ECB's strategies May 29, 2008
"The escape clause for the ECB is the definition of the medium term," Angel Ubide, an economist with Tudor Investment, wrote in a blog hosted by the German newspaper Handelsblatt. "It's an arbitrary term, and the central bank can decide to use a shorter or longer period. So the ECB can decide that the inflation objective will be hit in three years, rather than two, and that is perfectly compatible with its mandate.". (International Herald Tribune -- Business)
Rolling price shocks put monetary policy in tight spot May 23, 2008
He referred to the popular misconception that there was an "escape clause" which could be invoked, in the event of external shocks. There was an "explanation clause" which required the MPC to inform the public of the nature of the shock, the anticipated effect on CPIX and the monetary policy response. (Business Report, South Africa)
Donadoni extended May 21, 2008
Italian soccer federation president Giancarlo Abete announced Tuesday that the contract includes a reciprocal escape clause that can be put into effect within 10 days after Italy ends Euro 2008. Donadoni probably will not return if the World Cup champion does not reach the later stages of next month's tournament in Austria and Switzerland. (SportsIllustrated.CNN -- Soccer)
Political insider: DPS commander in dark about funding May 18, 2008
The April 1 letter aside, the Governor's Office noted that the agreement provided an escape clause to either the county or state. Napolitano spokeswoman Jeanine L'Ecuyer attributed the memo to "crossed wires" between the DPS and Governor's Office. (AZCentral -- News)
Gasnier considering leaving Dragons May 11, 2008
Gasnier has an offer to switch codes and follow close friend Craig Gower to France at the end of the season, and with a French fiancee he is seriously considering leaving the NRL and activating the escape clause in his $600,000 a season deal. Doust said he would do all he could to convince Gasnier to stay, and expects incoming coach Wayne Bennett to become involved in the negotiation, but confirmed the 26-year-old has the power to get out of his deal. (Sydney Morning Herald -- Sport)
Atlanta PGA Tour event in jeopardy May 10, 2008
It soon became obvious that ATd look to exercise the escape clause it inherited in the BellSouth contract. The decision over the schedule change from late March to mid-May was a no-brainer for ATnament director Dave Kaplan. (Atlanta Journal-Constitution -- Sports)
Wary hedge funds opt for a conservative approach May 9, 2008
The investors in the five-year-old JWM Global Macro fund, which makes big bets on currencies, stocks and bonds, will have a chance to get their money out immediately after an escape clause was recently triggered. Analysts claimed the move served as a gesture of goodwill to investors, but those investors had not been given the same option in the firms flagship fund, which, until recovering in recent days was down 31 per cent over the year. (FT.com -- Markets)
More of this story May 3, 2008
But Wednesday, when the commissioners finally showed their hands, it was clear that some last-minute work by the town staff, coupled with the list of road improvements offered by Bromont and a liberal, financing plan escape clause were enough -- barely - to do the trick ... The financing escape clause may have provided a springboard for the rezoning approval, but commissioners Eddie McNeely and Thurman Ross saw too much risk in Bromont's synthetic Tax Increment Financing plan to agree with their... (Huntersville Herald, NC)
Hey, What About the 24th? May 3, 2008
Chief Justice Earl Warren emphasized that Virginia's escape clause for avoiding the $1. 50 was unconstitutionally burdensome: "For federal elections," he explained, "the poll tax is abolished absolutely as a prerequisite to voting, and no equivalent or milder substitute may be imposed." Although the Roberts Court divided sharply this week over Indiana's voter ID law, Warren's opinion gained the support of all the sitting justices except the conservative Justice John Marshall Harlanand even he... (Slate)
Hornets bring buzz back to New Orleans with postseason play May 2, 2008
Hornets owner George Shinn and the state of Louisiana revised the team's arena lease in January, extending it to 2014 but providing the team with an escape clause if it doesn't average 14,735 from last Dec. 1 through the end of the 2008-09 regular season. Though the team started this season winning eight of its first 10 games, it hadn't re-established its connection with fans, who were focused on the NFL's Saints and LSU football team. (USA Today -- Sports)
Ferrari president: Recruiting Alonso not desirable Apr 23, 2008
Alonso denied this month that he had an escape clause in his contract with struggling Renault that might allow him to leave for Ferrari at the end of the Formula One season. However, Spain's double world champion did say contracts were very flexible given his departure from McLaren last year. (The Star Online, Malaysia -- Sports)
Du Preez heading north? Apr 21, 2008
"I have received a few offers," Du Preez told Sondag, "But I wasn't looking for them. At the moment I'm playing for the Bulls in the Super 14 and I have a contract with them. I will however have a look after the Super 14, weigh up my options and take a decision then about my future. Du Preez was offered a contract with the Springboks but didn't sign within the time allowed. This gives him an escape clause in his contract with the Bulls. "The Springbok contract was withdrawn and there is an... (iAfrica.com)
Katie Couric: Pulling up anchor? Apr 17, 2008
Maybe the two sides exchanged what-ifs and found they were both dreaming of the same escape clause. Imagine that. (San Francisco Chronicle)
South Africa: Inflation Rates Set to Rise With Eskom Hikes Apr 10, 2008
Previously, the clause was known as an "escape clause", but the Bank says that created problems in communicating its monetary policy decisions. In a paper published in July 2004, the Bank says it "recognises that decisions which ignore special circumstances could lead to instability in the real economy". (allAfrica.com)
Sustainability to become sixth pillar of B.C. health act Apr 10, 2008
"It's really adding an escape clause to medicare, setting up a condition whereby government wouldn't have to deliver on universal health care," Ms. Wasylycia-Leis said. "I think this is really the agenda of the privatizers of medicare.". (Globe and Mail -- National)
Capital One's Fairbank Takes Option Risk, Loses: Graef Crystal Apr 9, 2008
For his 1999 option grant, the 20 percent feature was still there, but in the fine print there was an escape clause: If 20 percent appreciation couldn't be obtained over three years, the option would still become exercisable in the last year of its 10-year term. In 2001, that escape clause was moved up to the end of the sixth year, and Fairbank also received a second large grant that simply vested over the first three years. (Bloomberg -- Columnists)
Code issues delay school for troubled students Apr 8, 2008
The contract with Abraxas also gave the district an escape clause if any harm should come to community, which Wolf said was imperative for the board to reach any deal. Deja vu. (Carlisle Sentinel, PA)
For Foster and Breslin, no actress is an island Apr 3, 2008
-Definitely, Maybe (2008) -Little Miss Sunshine (2006) -The Santa Clause 3: The Escape Clause (2006) -The Ultimate Gift (2006) -Keane (2005) -The Princess Diaries 2: Royal Engagement (2004) -Raising Helen (2004) -Signs (2002). Jodie Foster. (USA Today)
Response tepid to Culpeper water and sewer proposal Apr 2, 2008
"Limited liability provides an escape clause," she said. The county must approve the proposal no later than August in order to guarantee the wastewater plant's on-time completion, Vento said last week. (Fredericksburg.com, VA)
SEC Fuels New Mark-to-Market Conspiracy Theories: Jonathan Weil Apr 2, 2008
The distress sale caveat looks like an escape clause,'' the Financial Times March 31 on its Alphaville blog, under the headline ``Marking to moral hazard. To wit: if asset prices fall too much, just ignore the price falls. (Bloomberg -- Columnists)
Raiders turn to Furner dynasty as Henry blazes trail to Cowboys Apr 1, 2008
" The elevation of Furner to the head coaching job will put the family in control of both the on- and off-field direction of the club, with his brother, Don junior, the Raiders chief executive. But while he was singing the praises of David Furner yesterday, McIntyre seemed less impressed with Don after directors were told they had little option but to release Henry. McIntyre said the board had been unaware of the get-out clause in his contract until yesterday's emergency meeting to consider... (Sydney Morning Herald -- Sport)
St. Pete/Clearwater Airport bounces concessionaire Apr 1, 2008
The airport invoked an escape clause in the lease, acquired all of Jerry's assets and forgave a portion of the back rent in return for being able to find a new tenant. After putting out requests for proposals, the airport received three bids. (Tampa Bay Business Journal, FL)
Pirates reacquire Kata, sign right-hander Davis Mar 31, 2008
He had an escape clause, exercised it, and the Pirates signed him. More details in tomorrow's Post-Gazette. (Pittsburgh Post-Gazette, PA -- Sports)
Bucs release Kim, shore up rest of bullpen Mar 27, 2008
He has an escape clause in his contract that, if triggered, will allow him to become a free agent. If he opts not to exercise it, Wright can accept a spot at Triple-A Indianapolis to start the season. (MLB.com -- Pittsburgh Pirates)
Spring Training: The unkindest cut of all Mar 27, 2008
The surprise of the day was the release of Wright, soon after management had sought -- and received -- his permission to delay a spring escape clause until today. He had been scheduled to pitch yesterday afternoon. (Pittsburgh Post-Gazette, PA -- Sports)
McLouth to start in CF on Opening Day; Morgan makes cut Mar 26, 2008
" The Pirates this morning made five other moves. They cut outfielder Kevin Thompson and relievers Jonah Bayliss, Elmer Dessens and Casey Fossum, and they added infielder Luis Rivas to the 40-man roster, effectively putting him on the team for opening day. Rivas will be the starting second baseman if Freddy Sanchez, still unable to throw at 100 percent because of offseason shoulder surgery, is not ready. "It's a great feeling," Rivas said. "Luis has done the job all spring, with the bat and the... (Pittsburgh Post-Gazette, PA -- Sports)
Bullpen shaping up as season nears Mar 25, 2008
Dumatrait is out of options on his contract and Wright has an escape clause in his, meaning that if the Pirates don't take both, they risk losing either to other teams. Both have been impressive at times this spring and have made legitimate arguments for being on the team next Monday. (MLB.com -- Pittsburgh Pirates)
Roster clearing up, but not bullpen Mar 24, 2008
Wright has a spring escape clause in his contract that allows him to declare free agency if he is not added to the 25-man roster tomorrow. Fossum has an escape clause, too, but it cannot be triggered until June ... Mientkiewicz, who still has not been told he will make the roster, has a spring escape clause he can trigger Thursday. (Pittsburgh Post-Gazette, PA)
Prudent USD invests early in Grier futures Mar 20, 2008
The new deal won't prevent other schools from pursuing Grier, particularly should the Toreros topple Connecticut on Friday in Tampa, but it probably raises the price of exercising his escape clause. Call it Cinderella Insurance. (San Diego Union-Tribune -- Sports)
I shall be re-leased Mar 15, 2008
Oldfield was brought up and discussed at all meetings, which Flatto attended but the recent lease renewal between ACG and the town including the escape clause was never mentioned by the selectman during the Oldfield discussions. Vice President of ACG, Craig Milkus explained that years ago the leases the center signed with the town were 10-year leases but over the last eight or so years the leases have been one to three-year lease renewals with an exception clause included in the most recent... (Fairfield Minuteman, CT)
Forman awaits specifics from Shinn Mar 15, 2008
Hornets owner George Shinn told state officials last week he is interested in scrapping the amended lease agreement he signed in January, which includes an escape clause if the team doesn't average a designated number of fans, for a long-term deal that would ensure the franchise remains in New Orleans. Shinn said the state would not be required to build a training center as long as the Hornets get exclusive use of a nearly completed gym at the Alario Center in Westwego. (Nola.com -- Sports)
Pirates Q&A with Dejan Kovacevic Mar 15, 2008
Wright has a spring escape clause. Hector Carrasco, Casey Fossum and Elmer Dessens, the other veterans in camp, do not. (Pittsburgh Post-Gazette, PA -- Sports)
Contract renewal for labor negotiator ended (5) Mar 9, 2008
Board attorney Pete Burk had previously called the automatic-renewal provision in Ray's contract "onerous" because it included no escape clause. The agreements automatically renewed if a multi-year labor agreement is negotiated with any or all of the bargaining units and is not subject to negotiation. (Waterloo-Cedar Falls Courier)
Storm players support Folau Mar 8, 2008
So Inglis, who does have an escape clause allowing him to leave the Storm if coach Craig Bellamy does likewise, said he understood the predicament that his 18-year-old teammate was facing. But the Storm five-eighth yesterday said he never wavered in his belief that his immediate future and development lay in Melbourne rather than seeking potential riches elsewhere. (Sydney Morning Herald -- Sport)
The bench: A lot of ifs, more than a few maybes Mar 6, 2008
Not that much, though: Wilson is out of options, and Rivas has an escape clause that allows him to become a free agent if he is not added to the 25-man roster by the end of spring. Dejan Kovacevic can be reached at. (Pittsburgh Post-Gazette, PA)
Upkeep of Gwinnett Braves' stadium is county's burden Mar 2, 2008
The Braves relented to a 30-year lease, with provisions that the county fund all capital improvements needed over time and that the Braves have an escape clause if the stadium were to deteriorate significantly. That means the county will be on the hook not just for paying off the debt, but also for future costs to keep Braves minor leaguers in the stadium beyond 2023. (Atlanta Journal-Constitution)
Lawmakers: Changes would help speeders to keep their license Mar 2, 2008
But the measure has an even better escape clause for those doing just 11 MPH over the limit: They could end up with no points at all and nothing in their record to hike their insurance premiums because HB 2603 would allow the offending motorists to take defensive driving classes and wipe out the citation once ever 12 months. Now that option is available only once every two years. (Douglas Daily Dispatch, AZ)
Suit Won't Impede Red Light Enforcement Mar 1, 2008
The city's contract with ATS has an escape clause, both Hahn and Piontek stressed. "We have it built into our contract, to protect the city, that if the law is changed, we can back out of the contract at anytime," Hahn noted. (Missourian Publishing, MO)
Everyone's life should have an escape clause Feb 24, 2008
Local Search Site Search. Boston Visitors' Guide. (Boston Globe)
Dakich isn't a big name Feb 24, 2008
Already minus one scholarship, the Hoosiers are in danger of losing two recruits signed in November because the university agreed to an escape clause in the letters of intent. The provision allows those players to join another school if there was a coaching change before next season. (News & Observer -- Sports)
NBA's David Stern Shows That He's a Moving Man: Scott Soshnick Feb 19, 2008
Updated: New York, Feb 19 03:49 London, Feb 19 08:49 Tokyo, Feb 19 17:49. Commentary by Scott Soshnick. (Bloomberg -- Columnists)
