Microsoft is spending $70 billion all-cash on this, an extra quarter billion isn't much. I don't expect they'll cut him loose until after all the ink is dry.

How long is that valid for? Also does buyout by Microsoft count as a “change of control” … I’d bet Microsoft would wait out whatever time span that’s valid for and then immediately refuse to give him another one and can him…

Agreements like that are evidence that boards don't always take into account the health of the company as a whole when making decisions.

Looks like he'd be terminating "with good reason" himself after a change of control and getting $292m?

Aren’t those types of severance packages typically invalid if you’re fired for good cause (like sexual harassment)?