The five-year deal with Martha Stewart Living Omnimedia will pay another $2.1 million to her MS Real Estate Management Company.
As for her one-year out clause, according to the newspaper, the filing indicates: “Under the extension letter, if the parties do not reach an agreement regarding mutually acceptable adjustments, the company can choose to have the employment agreement continue in effect through June 30, 2017 or to allow it to lapse at June 30, 2013.”
- Time Warner Inc. Names Karen Magee Executive Vice President, Chief Human Resources Officer
- Several Media Execs Land on List of Most Powerful Women in Business
- Check Out Our Webcast: Use Social Media to Find Your Next Job
- Editor-in-Chief of 'More' Dishes About Fearlessness & Versatility at WiCi Awards