BRIEF-Valeant- Paul Herendeen to receive base salary of $1 mln

Tue Aug 23, 2016 5:29pm EDT
 
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Aug 23 (Reuters) - Valeant Pharmaceuticals International Inc

* Paul Herendeen to receive base salary of $1 million, a target annual bonus opportunity equal to 120 percent of base salary

* On first regular payroll date, Herendeen to get cash payment equal to $10 million - SEC filing

* In connection with entering into employment agreement, Herendeen received 1 million stock options, 150,000 restricted stock units Source: (bit.ly/2by5g8C) Further company coverage: