SEC Watch: The Terms Of Schneider’s Departure From Yahoo

In an SEC filing just now, Yahoo (NSDQ: YHOO) lays out the terms of Americas head Hilary Schneider’s departure from the company. Nothing too shocking — but Yahoo does say that after Schneider leaves, she will receive a $420,000 lump payment “for providing transition services.” Schneider will also get a bonus as well as her regular salary until she actually quits. Yahoo says Schneider will resign from her current post by Dec. 31 but continue to provide transition services until April 29.