5-Year Equity Option Offer to Buy Out the CEO of a Midtown Group

The offer was made through a proxy plan and is subject to a “qualified” termination fee of $100,000.

The offer comes as New York City grapples with the rise of the so-called “sanctuary city” movement, a movement that advocates for a ban on immigration from certain countries and calls for police officers to be more lenient with immigrants.

Mayor Bill de Blasio has proposed a ban that includes barring all immigrants from New York and New Jersey.

The proposal, which has yet to be ratified by New York state legislators, is expected to face stiff opposition.