Shell is to pay relocation costs for its outgoing chief executive Peter Voser to move back to his native Switzerland after he quit to spend more time with his family.
The oil company did not disclose the cost of his relocation from The Hague in a statement to the stock market that also spelt out that Voser would continue to be paid his €1.6m (£1m) a year salary until he leaves at the end of March.
Voser, who officially stepped down on January 2 after four years at the helm, will also keep shares awarded to him under long-term incentive plans, although the most recent award, last year's, will be reduced as a result of his truncated tenure.
The precise amounts paid out under the plans will depend on the company's performance between now and 2016. At the end of 2012, the annual report shows he had more than 350,000 shares in long term plans worth more than £7.5m at current share prices, but it is far from clear if he could receive all of these.
When he announced his surprise resignation in May last year, Voser said: "After such an exciting executive career I feel it is time for a change in my lifestyle and I am looking forward to have more time available for my family and private life."
Voser will continue to be employed by Shell Switzerland until 31 March. He will not be awarded any incentive shares for 2014 but will be considered for a bonus during his period of employment and continue to receive his pension contributions. Shell said he would not receive any payment for loss of office and that none of his long term incentive plans would vest early.
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