In documents that were released this week, Take-Two Interactive confirmed the terms of company president Paul Eibeler's employment. For the former Take-Two president (he previously served in the same position from July 2000 to June 2003) it's been a lucrative homecoming. The industry veteran who cut his teeth at Acclaim back in 1998 returned to take the helm of Take-Two during a tumultuous April 2004.

　　At that time, Take-Two's president of 15 months, Jeff Lapin, resigned, as did company CEO Ryan Brant. In addition, the company was laboring under the burden of a pending Wells Notice served upon it by the Securities and Exchange Commission (which indicated that the company might face civil charges based on alleged accounting violations). Paul Eibeler was brought in to quell concerns that the company was without competent leadership.

　　Today the company publicized the terms of Eibeler's return, which includes an annual salary of $600,000; an option to buy 300,000 shares of Take-Two stock (at a price of $31.92 per share, vesting in blocks of 50,000 every six months); quarterly bonuses of $50,000; and a signing bonus of $150,000, among other benefits.