SiliconBeat

Trident Microsystems is paying extra to make sure that its former president, Jung-Herng Chang, doesn’t go back to work anytime soon. At least not for any company that makes, sells, distributes, services or pretty much has anything to do with anything Trident is involved in or plans to be involved in.

For that, he will be paid $8,333 per month (100K for the year) in addition to the $25,000 (300K for the year) he will get for the de rigueur consulting gig for the next year, along with continued group health insurance coverage during that time, according to an SEC filing.

Chang made $9.4 million in the last fiscal year exercising his option to buy and then sell
519,000 Trident shares. He was also given a $150,000 bonus to reward him for his work helping the board’s investigation into Trident’s historical stock option practices, which resulted in the departure of the company’s chief executive and two board members, and the restatement of Trident’s results from 1993 through 2005 to account for $51.9 million in additional compensation expense.