Mirant Corp. chief executive Marce Fuller will resign from the bankrupt energy supplier and receive $3.4 million in severance pay plus other benefits, according to a regulatory filing Thursday.
The Securities and Exchange Commission filing says Fuller will receive another $850,000 in short-term incentives. She is also eligible for further compensation from a company pension plan.
The filing, which outlines Fuller's separation agreement terms, does not specifically say when she will resign. It says that Fuller will leave on a "mutually agreed" date, and will step down from her seat on the board of directors.