Disney GC Alan Braverman Extends His Contract
Braverman, who has been a regular on Corporate Counsel's annual list of best compensated GCs, has signed on at the company to July 2019.
August 22, 2017 at 12:57 AM
4 minute read
The original version of this story was published on Corporate Counsel
The Walt Disney Co.'s top attorney, Alan Braverman, has extended his contract with the company. According to a recent U.S. Securities and Exchange Commission filing, Braverman, a regular on Corporate Counsel's list of top-paid general counsel, has signed on to stay with the company to July 2019.
Aside from extending Braverman's contract as senior executive vice president, general counsel and secretary from March 2018 to July 2, 2019, other changes to the terms of his employment include that his long-term incentive award was bumped up from a target value of 200 percent of his annual base salary to 225 percent and language was added that stipulates that Walt Disney's CEO will recommend at the end of the employment term an annual cash bonus based on Braverman's contributions during the applicable fiscal year.
Braverman, who did not immediately respond to request for comment, was named executive vice president and general counsel of Walt Disney in January 2003 and was promoted to senior executive vice president in October 2003. While serving as the company's top lawyer, Braverman has often made CC's list of best compensated GCs, and he was the two-time top earner before being dethroned this year.
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