According to a regulatory filing, Yahoo’s newly appointed CFO Ken Goldman will receive up to $18 million in salary, bonuses, restricted stock and stock options over the next four years. Here is how the whole compensation package goes:
- Base Salary: Goldman will get the annual base salary of $50,000 per month (making a total of $600,000 annually), less applicable taxes, deductions and withholdings, paid semi-monthly and subject to annual review.
- Executive Incentive Plan: According to company policies, if employment start date is on or before October 1, 2012 or if October 1 is on a weekend or holiday, the first business day thereafter), you also will be eligible to participate in the 2012 Executive Incentive Plan (EIP), with a target incentive of 90% of your annual base salary, pro-rated based on the period of time you are employed at Yahoo! in a EIP eligible position during the relevant company fiscal year, less applicable taxes, deductions, and withholdings.
- Restricted Stock Units: The Restricted Stock Units (RSUs) will be awarded to you with a target valuation of $6,000,000 and will be granted on the first regularly scheduled grant date after your Employment Start Date.
- Performance Stock Options: The Compensation Committee grant Goldman an award of performance-based options to purchase the Company’s common stock with a target valuation of $6,000,000.
- Make-Whole Restricted Stock Units: The Compensation Committee grant Goldman a make-whole award of 76,000 Restricted Stock Units.
And not to forget!!!
- Benefits: Eligible Yahoos may participate in Yahoo’s health insurance benefits (medical, dental and vision), life insurance, short term and long term disability, the Employee Stock Purchase Plan, 401(k) Plan, and Yahoo’s Flexible Spending Plan (Healthcare Reimbursement Account and/or Dependent Care Reimbursement Account).
- Paid Time Off: As a regular Yahoo, you will be eligible to accrue up to 20 days of vacation in your first year of employment (up to a maximum as specified in our Vacation Policy).
What more a person wants? Isn’t it’s good to join Yahoo.