Paramount Global is presenting $1 million retention bonuses to two top executives, contingent on them remaining with the company thraw the shut of the Skydance Media uniter.
On Thursday, the media conglomerate — parent of CBS, Paramount Pictures, and cable netlabors including MTV and Comedy Central — shelp it was granting the $1 million potential cash bonuses to Doretha Lea, EVP of global accessible policy and regulatement relations, and Nancy Phillips, EVP and chief people officer. The $1 million bonus recontransients 100% of each exec’s annual base salary as of November 15, the company disshutd in an SEC filing.
The bonus will be phelp to Lea and Phillips if they “remain continuously includeed and in excellent standing with the Company thraw the closing date of the Transaction,” the filing shelp, at which point the $1 million will be phelp in a one lump sum.
“The purpose of the awards under the Transaction Award Program… is to determine the accomplished operation of the Company during the period prior to the completion of the Transactions and to advertise the retention of certain key includeees thraw the closing date” of Skydance deal, Paramount shelp.
Paramount Global last month granted its three co-CEOs — George Cheeks, Chris McCarthy and Brian Robbins — an insertitional provision in their includement consentments that will let them quit and get disjoinance profits if they are demoted from their co-CEO roles. The trio of execs also were each granted $3 million in stock under Paramount’s lengthy-term incentive program.
SEE ALSO: Shari Redstone to Exit Paramount Board Follotriumphg Skydance Deal Cdisthink about
