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#12

04-24-2020, 12:56 PM

Zact

Chr$stopher Pett$

Member

Join Date: May 2009

Location: NJ

Posts: 613

The rules of the PPP CAres act explicitly state that the employee salary and benefits are capped at a value of $100k per annum. So a highly compensated employee can only receive a maximum of $8,333.00 compensation per month for the 8 week grant period, and health insurance cost and 401k employer match goes against it.
I don�t have an opinion with regards to whether CU should access the funds as a publicly traded company. The business also had to attest that the grant funds are necessary.

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