Last week we brought you the news that Google was adding former VMware CEO and Cofounder Diane Greene to its board of directors. Greene will also have a role on Google’s Audit Committee. Today we learn the ins and outs of the deal with a SEC filing (via Business Insider) revealing Greene received $1 million in Google stock for her new gig.

According to the filing, the stock has a vesting period of 5 years, meaning Greene will have to wait to get her hands on it. However, she will also be receiving standard wages for Google’s “non-employees” with an annual stock grant of $350,000 and $75,000 a year. As part of the deal, Greene will have to be present (in-person or by phone) for at least four board meetings per year. Below is an excerpt from the filing:

We typically hold at least four one-day Board meetings per year. Board meetings are generally held on-site at Google and we would hope that your schedule would permit you to attend all of the meetings in person (note that telephonic attendance is also possible). In addition, there may be telephonic calls to address special projects that arise from time to time. The Board has delegated certain duties to other committees, on which you may be asked to participate. At this time, we request your participation on the Audit Committee.

FTC: We use income earning auto affiliate links. More.

Check out 9to5Google on YouTube for more news:

You’re reading 9to5Google — experts who break news about Google and its surrounding ecosystem, day after day. Be sure to check out our homepage for all the latest news, and follow 9to5Google on Twitter, Facebook, and LinkedIn to stay in the loop. Don’t know where to start? Check out our exclusive stories, reviews, how-tos, and subscribe to our YouTube channel

About the Author

Jordan Kahn

Jordan writes about all things Apple as Senior Editor of 9to5Mac, & contributes to 9to5Google, 9to5Toys, & He also co-authors 9to5Mac’s weekly Logic Pros series and makes music as one half of Toronto-based Makamachine.