Mark Mays To Make A Million (And More)
June 25, 2010 at 4:16 AM (PT)
Outgoing CEO and continuing Chairman MARK MAYS' amended and restated employment agreement with CLEAR CHANNEL parent CC MEDIA HOLDINGS shows that he will make a base salary of $1 million, according to an SEC filing by the company.
MAYS, whose deal as Chairman runs through JULY 31st, 2013, will also be eligible for "performance bonuses" of at least $500,000, at least four weeks' vacation and other benefits.
MAYS will also have the right of first refusal to buy his private jet, an N616CC, and can buy the jet at fair market value if the company still owns it at the end of his contract.