Paramount CEO Bob Bakish's exit package includes a $258,333.33 monthly base salary until Oct. 31 and continued equity vesting.

Paramount has revealed Bob Bakish's exit package terms after his resignation as CEO. Bakish will remain with the company as a senior advisor until Oct. 31, assisting with the transition. His employment will be considered a "termination without cause." During this period, he'll receive a monthly base salary of $258,333.33, and continue to vest in outstanding equity awards. Chris McCarthy has been named interim principal executive for SEC purposes.