05/17/2009 05:12 am ET | Updated May 25, 2011

Martha Stewart Signs New Contract At Over $2 Million/Year

Martha Stewart Living Omnimedia Inc. on Wednesday said it will pay founder Martha Stewart at least $2 million a year for the next three years.

In addition, Ms. Stewart could earn a bonus of as much as $1.5 million for each of those years, according to a company filing with the Securities and Exchange Commission. She will also receive a one-time payment of $3 million as a retention incentive and for other purposes.

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