The new Paramount has laid out the employment contracts for its executive team led by chairman-CEO David Ellison and President Jeff Shell .

Both are starting today as the Skydance -Paramount merger closes with five year contracts that carry an annual base salary of $3.5 million, a target bonus of $1.5 million, and a one-time restricted stock grant valued at $75 million each that vests over five years under the company’s long-term incentive program.

Andrew Brandon-Gordon, EVP, Chief Strategy Officer and Chief Operating Officer, is coming in with a base salary of $2.8 million, a target bonus of $1.2 million, and a one-time restricted stock award valued at $60 million.

Outgoing Paramount Global executives including Brian Robbins and Chris McCarthy will collect severance payouts. An

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