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Philadelphia Orchestra and its CEO in talks to extend contract

The Philadelphia Orchestra Association is in the process of "finalizing an amended contract" with CEO Allison B. Vulgamore that will, "among other things, extend the term of the contract," according to filings with U.S. Bankruptcy Court.

While discussions continue - and barring any objections, which would have to be filed with the court by Jan. 9 - Vulgamore's contract has been extended one month from its Dec. 31, 2011 expiry to Jan. 31, 2012.

In the meantime, all of the terms of her former contract will remain unchanged, the filing states.