Jeff Zucker, who will be president and chief executive of NBC Universal following its sale of a majority interest to Comcast Corp. (CMCSA), will make a base salary of $6.3 million in 2010, though his total compensation could be $20 million or more.

According to documents filed in connection with a $4 billion bond offering for NBC Universal – currently a unit of General Electric (GE) – Zucker is guaranteed a bonus of $1.5 million for “good performance,” but he could get a performance bonus between $2 million and $4.5 million.

The filing also shows that some noteworthy corporate events took their toll on the business. The operating loss from broadcasting the Vancouver Winter Olympics and a charge for killing Jay Leno’s 10 p.m. show combined to sap $223 million from the company's results, according to the documents.

Under General Electric’s long-term performance plan, Zucker could receive double his base salary, or $12.6 million, assuming that he is awarded the payout in 2010. His current long-term performance award vests when GE sells a 51% stake to Comcast.

Zucker, 45, will also continue to be eligible for stock options and restricted stock from GE, even after the deal closes, according to the offering documents. He will receive options for 100,000 shares of GE stock, plus 33,334 restricted stock units. This year, he is eligible for 300,000 shares in either stock options or restricted stock. 

The offering documents don’t mention any potential stock awards from Comcast.

Most of the contract is structured as if Zucker is remaining a GE executive. He will get benefits comparable to other GE colleagues, including $23.9 million in life-insurance benefits.

Documents for the offering, which is being managed by J.P. Morgan (JPM), Goldman Sachs (GS) and Morgan Stanley (MS), also give a peek into NBC Universal’s financials, which GE released, but never with this level of granularity. In the first quarter, NBC Universal had revenue of $4.28 billion, with most of that - $3.16 billion - coming from its media networks, both broadcast and cable. That unit also accounted for $433 million of the $446 million in operating income for the segments in the first quarter. 

Total earnings for NBC Universal were $175 million in the first quarter, according to the documents.

Overall, NBC Universal’s profit fell 34% in the first quarter from the previous year.