Satya Nadella To Get $1.2 Million Salary; Total Package At $18 Million
Nadella, who became the third CEO of Microsoft after Bill Gates and Steve Ballmer, was paid an annual salary of $675,000 for the fiscal year 2013 as the President of the firm's server and tools business.
Going by reports, Nadella pocketed a cash bonus of $1.6 million last year.
Microsoft's fiscal year runs from July 1 to June 30.
"We expect that you will work with the Compensation Committee of the Board to assess and revise, if appropriate, the EIP to ensure alignment with business priorities. There are currently two key components of the EIP," the letter said.
To further align Nadella's interests with the long-term performance of Microsoft, he would be granted Long-Term Performance Stock Awards (LTPSAs). "One-third of your LTPSAs will be earned based on Microsoft's total shareholder return relative to the S&P 500 over each of three overlapping, five-year performance periods (LTPSA performance periods) commencing on the grant date and the first and second anniversaries thereof," the letter said.
Nadella previously held various senior positions at Microsoft in server and tools, cloud and enterprise, online services and advertising platform divisions. He joined Microsoft in 1992.
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