Dial Global Signs Pres. Charles Steinhauer To New 2-Year Deal
May 22, 2012 at 4:18 AM (PT)
DIAL GLOBAL has signed Pres./Operations CHARLES STEINHAUER to a new two-year deal, the company disclosed in a filing with the SEC.
The deal, commencing MAY 15th, includes a base salary of $400,000 and an annual discretionary bonus of up to $100,000, plus additional discretionary annual equity awards at the discretion of the board's Compensation Committee.
If fired without cause, STEINHAUER would get a severance package of the greater of his salary for the remainder of the contract or six months' salary, plus nine months of COBRA insurance coverage. He will also be subject to a noncompete agreement of up to 12 months after termination.