this story originally appeared in on sep 18 2013 bangalore igate corporation will pay its new ceo ashok vemuri a salary of 13 million rs 82 crore and a performancelinked bonus that could go up to 1 million rs 63 crore the nasdaqlisted technology services company told stock exchanges in addition to the bonus vemuri who left infosys for the igate job will be eligible for 150000 stock options with a fourth of it vesting at the end of first year and every year after that other than this vemuri who was one of the highest paid executives in infosys will qualify for 100000 restricted stock units also vesting over a fouryear period with 25 vesting at the end of each year at infosys vemuri was drawing a salary of a little over 900000 some of part of vemuris equitylinked compensation will depend to igate achieving an ebitda earnings before interest taxes depreciation and amortisation goal of 400 million with a further upside if the ebitda touches 500 million anytime before june 30 2017 in the first case vemuri stands to gain 300000 more shares in igate and in the second case he will get double that its a wellstructured compensation package some years back such a structure wouldve been considered unique but its becoming fairly common these days this kind of structure where the package is linked to performance and accelerated on surpassing certain ebitda targets is more typical of silicon valley firms and tech firms with private equity investors said ck guruprasad principal at executive search firm heidrick struggles after a fourmonth long headhunt igate chose vemuri to replace phaneesh murthy its former ceo who was sacked for not disclosing his relationship with a subordinate murthy had led igates acquisition of patni computer systems a company more than twice its size in 2011