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.”
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