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The company cut cash distributions to its investors to $1.23 per share unit in 2009, from $1.92 the previous year.
Equivest, which markets time share resort interests to consumers and helps to finance those purchases, will be merged with Cendant's time share unit, Fairfield Resorts, said Elliot Bloom, a Cendant spokesman.
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She received $1.4 million in deferred share units, by far the most of any director.
For 2012, Mr. Corbat was awarded $3.1 million in performance share units.
Under commonhold, there are no landlords and tenants, just flat owners who share units in the ownership of their building.
But now a new segment of the pay, called performance share units, will be linked to the new metrics.
Including restricted share units and other securities that could be exercised in the coming months, the company's market value was over $28 billion.
Thirty percent of the payout will be delivered in the form of performance share units that can only be cashed in if Citigroup hits certain hurdles on both return on assets and total shareholder returns.
He also will receive an annual award of performance share units (PSUs) with a target value of $3 million.
Reportedly, Redstone will also get an annual dole of "performance share units," adjusted according to Viacom's share performance vis-à-vis the Standard and Poor's 500 index.
He will be award 5 million restricted share units vested over five years if and when the company's share price amounts from USD $16 to $20.
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