Gérard Le Fur, the chief executive ousted from Sanofi-Aventis last week after less than two years in office, could receive up to €8m ($11.3m) this year from the French pharmaceutical group before he stands down in December.
Regulatory filings show that the board agreed in February to pay Mr Le Fur a "termination benefit" equivalent to 24 months of his last total remuneration in the event of his "removal from office".
If he receives 11 months' pay this year at the same rate as his 2007 salary of €2.7m, a further 24 months would give him nearly €8m even before stock options, pension benefits and his future earnings as a scientific adviser to management.
FT
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