Microsoft to pay 2 million dollar severance payment to sign confidentiality agreement

Source: Internet
Author: User
Keywords Microsoft 2 million resigned signed

April 21 News, according to foreign http://www.aliyun.com/zixun/aggregation/31646.html "> media reports, submitted to the U.S. Securities and Exchange Commission (SEC) in Thursday, the documents show that Microsoft chief Financial officer Peter Klein will get 2 million dollars after retiring from the company.

Klein and Microsoft announced in Thursday that he would end 11 years of Microsoft Life, officially retiring after the end of the fiscal year, as of June 30. According to a Microsoft filed form: As part of his exit plan, Klein will get 1 million dollars in the 3721.html ">2014 year January 15, and another 1 million dollars will be available on January 30, 2014."

The filed form stated that the payment was "in order to affirm Klein's contribution to the fiscal year 2013 and to ensure that it fulfills the requirements of the agreement." ”

The deal was also publicly hung on the SEC website, which prohibits Klein from working for another Microsoft rival company in a year and asks him to keep all Microsoft-related information secret. The latter prohibits Klein from speaking to the media without Microsoft's consent, and also prohibits him from referring to Microsoft's information in his blog or writing. "I also agree not to belittle or lead or encourage others to belittle Microsoft or its senior staff and directors," the agreement said. "The 2 million dollars could also be replaced by bonuses or stock rewards that might be available later this year," he said.

"I understand that I will not receive any additional compensation at the end of the day, including, but not limited to, the performance bonuses of the Senior management Incentive scheme for fiscal year 2013," the agreement said. "In fiscal year 2012, the end of June 30, 2012, Klein won a 47,500 dollar stock reward. The award was awarded to him in September 2012. As Klein talked about in yesterday's financial conference call, he can finally "accompany his family in a form he never had." According to the SEC filings, Klein had 471016 shares of Microsoft shares on September 10, 2012, as the regulator recorded in the last transaction. The shares were valued at $14 million per share at a price of $29.80 in Friday.

Klein has been getting less than Peter Oppenheimer, the Apple company. Oppenheimer won 150,000 shares of stock awards last year-at the current price of $58.8 million trillion, while Oppenheimer's annual salary is 800,000 dollars, compared to Klein's 590,000 dollar higher than the 36%.

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