SiriusXM filed an 8-K form with The Securities And Exchange Commission, which indicates a new deal for CEO James Meyer. The deal runs through 2018..
The deal also offers Meyer a three-year consulting agreement, "upon his termination of employment due to the expiration of the Employment Agreement or in the case of certain qualifying terminations."
On top of salary, Meyer is granted, "restricted stock units with a grant date value of $7,500,000 (based on the closing price of our common stock on The NASDAQ Global Select Market on the date of grant). Mr. Meyer’s restricted stock units will cliff vest on December 31, 2018, subject to earlier acceleration or termination under certain circumstances."