In a statement, Activision said, “Mr. Tippl has demonstrated excellence in his role as chief operating officer, successfully overseeing Activision Publishing’s and Blizzard Entertainment’s operational activities, as well as the company’s strategic planning, global sales and supply chain, legal, and human resources departments.”
Tippl will receive a boost in pay to $1.25 million from his original base salary of $885,000, but the executive could earn bonuses amounting to 150 percent of his base salary –– $1.875 million –– and will receive the remainder of his $2 million discretionary bonus awarded in March.
Alongside the salary increase and incentives, Tippl will also receive $6 million in Activision Blizzard shares as of Feb. 10, along with three performance-vesting share units. According to the report, these separate units are valued at millions each and are contingent on the publisher meeting or surpassing share objectives.
Tippl’s contract will now expire in April 2016 and eliminates Activision Blizzard’s right to terminate the COO for “performance deficiency.” They can fire Tippl with cause, however.