Ousted ex-chairman of J Sainsbury Sir Peter Davis will receive a controversial £2.6 million ($4.67m) cash payout from the supermarket giant.
Sir Peter left the company in July and had been locked in a legal battle with Sainsbury's over the revised terms of his salary and payoff.
Now, on top of the cash deal, he will get £0.5m a year until July 2005, when his fixed term contract was to run out.
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