Paramount Skydance has inked new five-year employment contracts with its senior executives, including CEO David Ellison, president Jeff Shell, and chief strategy officer and COO Andrew Brandon-Gordon, in conjunction with the close of the $8 billion transaction Thursday.

According to an SEC filing that included copies of the contracts, Ellison and Shell will be eligible to receive salaries of no less than $3.5 million per year, as well as annual bonuses with a target of $1.5 million per year. Brandon-Gordon will receive a $2.8 million salary, with a target bonus of $1.2 million.

The executives also received a tranche of restricted stock units, with Ellison and Shell receiving 5 million shares, and Brandon-Gordon 4 million shares, which will vest quarterly over a five year period. Based o

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