The latest update is out from Sphere Entertainment (SPHR).
Sphere Entertainment Co. has renewed its employment agreement with Andrea Greenberg, President & CEO of its subsidiary MSG Networks Inc., effective September 1, 2024. The new contract maintains the terms of her previous agreement but adjusts her bonus and equity awards to at least 50% of their annual target during a six-month transition period. Additionally, if Greenberg is terminated without cause or resigns for good reason before September 1, 2025, she’s entitled to a severance of at least double her annual salary and bonus.
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