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This remuneration consists of an annual base salary of $2.5 million, along with a one-time award of $9.75 million upon his appointment to the position.

According to his new contract, D'Amaro will be entitled to a long-term stock incentive amounting to $26.2 million for every year he serves as CEO. In addition, he is eligible for an annual bonus of 250 percent of his base salary, contingent upon achieving specific performance objectives.

D’Amaro, the chairman of the company’s experiences division, is poised to assume the role of CEO beginning March 18.