Yahoo's departing CFO to get annual salary, bonus as severance

Reuters

Yahoo Inc said Tim Morse, the company's departing interim chief financial officer, will receive the severance benefits provided in his contract for a termination without cause.

Morse, who was recently replaced by Fortinet Inc CFO Ken Goldman, will get his base salary and target annual bonus for 12 months, and a prorated portion of his target annual bonus for 2013, Yahoo said in a regulatory filing.

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(Reporting by Sayantani Ghosh in Bangalore)