London will receive $2.7 million as a buyout. - contract ran through 2016.
No idea of total significance of "resigns" in this case.
It does seem that in Flood's case it might make a real difference in the obligations to the staff.
Nobody just walks away from what they are owed. Yes, functionally he was fired... but the question would be - is 'resigned' simply a polite Virginia way to phrase it - or was there negotiating that went on? is it just semantics or is there significance?
In the case of Flood, - it appears that if he could be coaxed into signing a 'resignation' - it would dramatically reduce the obligation to the rest of Flood's staff.