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They also agreed not to collect any further payments such as severance from the fraternity.
One page in the filing for 2011 characterizes his compensation that year as "severance".
When he leaves, Mr. Hayward, 53, will get one year of salary as severance, or about $1.6 million.
So every laid-off Motorola employee in the United States is getting a minimum of eight weeks' pay as severance.
The previous chief executive, Elliot G. Sander, also earned $350,000 a year; he received a year's salary as severance.
When he leaves, Mr. Hayward, 53, is entitled to one year of salary as severance, worth a little more than £1 million, or about $1.6 million.
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When 1,000 workers or more are fired at once, the employer will have to offer up to six months of retraining, besides forking out twice as much severance pay as at present.The courts may shoot this down: in France, a bill, once presented, cannot be amended beyond a certain point.
As a result, the company yesterday said it would eliminate those 2,500 through severance, as well as an additional 1,500.
Mr. Stern signed an agreement to pay Mr. Stephens severance as well as $75,000 a year for three years to serve as a consultant to the S.E.I.U.
Employees affected will receive severance, as well as assistance with transitioning to new jobs in many locations.
"The message I was sending them was: We're prepared to litigate severance as well," Manfred said.
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