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United Kingdom

Live Nation Says Co, Michael Rapino Entered Into Employment Agreement


Monday, 18 Dec 2017 

Dec 18 (Reuters) - Live Nation Entertainment Inc ::LIVE NATION SAYS ON DEC 15, CO, MICHAEL RAPINO ENTERED INTO EMPLOYMENT AGREEMENT, PURSUANT TO WHICH RAPINO WILL CONTINUE TO SERVE AS CEO OF CO.LIVE NATION SAYS TERM OF EMPLOYMENT AGREEMENT WITH RAPINO IS EFFECTIVE AS OF NOV 1, ENDS ON DECEMBER 31, 2022 - SEC FILING.LIVE NATION - UNDER EMPLOYMENT AGREEMENT, RAPINO WILL RECEIVE ANNUAL BASE SALARY OF $3 MILLION.LIVE NATION - RAPINO WILL BE ELIGIBLE TO RECEIVE ANNUAL CASH BONUS EQUAL TO 200% OF BASE SALARY PAID DURING CALENDAR YEAR IN WHICH BONUS WAS EARNED.LIVE NATION ENTERTAINMENT - FOR CALENDAR YEAR 2017, RAPINO'S BONUS ENTITLEMENT WILL INCLUDE ADDITIONAL $1 MILLION GUARANTEED BONUS AMOUNT. 

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18 Apr 2019