According to information from StreetInsider Gary Greenfield will leave Avid with a package in excess of $1million. They report;
“In connection with Mr. Greenfield’s resignation, the Companyand Mr. Greenfield entered into a separation agreement, dated as of February 6, 2013 (the “Greenfield Agreement”). The Greenfield Agreement provides that following Mr. Greenfield’s execution of a release of claims against the Company, he will be entitled, in connection with his existing employment agreement with the Company, to payment of his accrued benefits, salary continuation for twelve months in the aggregate amount of $1,014,000, a payment in respect of annual bonus of $1,123,200, payment in respect of COBRA premiums, outplacement services and thirteen months additional vesting on his outstanding time-vesting equity awards. All other unvested equity awards will be forfeited upon Mr. Greenfield’s separation from the Company.”
Doing the maths, that seems to be a lot more than any of our friends got when they left.