October 17, 2012 / 9:44 PM / 6 years ago

Yahoo's departing CFO to get annual salary, bonus as severance

(Reuters) - Yahoo Inc said Tim Morse, the company’s departing interim chief financial officer, will receive the severance benefits provided in his contract for a termination without cause.

Morse, who was recently replaced by Fortinet Inc CFO Ken Goldman, will get his base salary and target annual bonus for 12 months, and a prorated portion of his target annual bonus for 2013, Yahoo said in a regulatory filing.

Reporting by Sayantani Ghosh in Bangalore

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