http://finance.yahoo.com/news/ciscos-former-head-engineering-getting-004407071.html
Cisco formally released Patel's termination letter on Thursday, detailing the financial terms of the exec's exit.
That includes:
$1,041,250 in severance pay (he gets half now and half in six months).
A cash bonus payment of $1,498,298
99,758 stock units that were initially restricted under the condition that he continued to work for Cisco through September, 2017. At $30 a share (about Cisco's current share price), those are worth $2,992,740
Retirement vesting of another 474,310 stock units that were initially restricted under the condition he continue to work for Cisco through 2019. Those will vest as planned. At $30 a share, those are worth $14,229,300
A lump sum payout of $12,209.57 to cover 17 months of his health insurance under COBRA.
And a chance to exercise stock options that have come due to him.
All in all, he'll walk with over $5.5 million between cash and stock, excluding the 17 months of cash to cover his COBRA, with more stock earmarked for him.