Departing Ben & Jerry’s CEO to Get Bonus
Times Staff and Wire Reports
The departing chief executive of Ben & Jerry’s Homemade Inc. will get a $100,000 bonus on top of his $250,000 annual salary, according to a report the North Moreton, Vt.-based ice cream maker filed with securities regulators. Robert Holland will continue to receive his salary through Jan. 30, 1998, under a severance agreement disclosed in the company’s quarterly report. He will also get a $100,000 bonus in January 1997 and will receive options to buy 80,000 shares of company stock. Ben & Jerry’s has also agreed to let Holland keep his computer and to pay the lease on his $1,800-a-month Vermont apartment through June of next year.
