Social gaming company Zynga has seen the recent departure of several senior managers and has moved to sign retention agreements with at least two of its executives.
Last month, Don Mattrick stepped as chief executive officer of the company and Clive Downie resigned as chief operating officer. Company founder Mark Pincus has been named the company’s new CEO.
In response to the exits, Zynga has reportedly entered into retention agreements with general counsel and vice-president Devang Shah and financing and accounting chief David Lee.
Under the agreements, both Shah and Lee will reportedly receive six months of their base salary and target bonus, as well as an additional six months’ vesting of equity awards, if their contracts are terminated without cause or choose to leave the company for “good reason.”
