He would also get USD 7.5 million in compensation for his salary and bonus under the change of control provisions in his contract. The company would pay USD 72,000 in benefits and retirement savings. The plan was approved by shareholders at its annual meeting on July 9.
BlackBerry announced that a sale of the company was one option that would be considered under a strategic review of the company, which has lost market share to Apple and Android-based phones.
The long-awaited debut of its new phones this year has failed to turn around the struggling smartphone maker. The company's strategic review is being headed by Timothy Dattels, a BlackBerry director and a senior partner at TPG Capital, one of the world's largest private equity firms.
Fairfax Financial and its chief executive, Prem Watsa, which hold approximately 11 percent of BlackBerry, are considered among possible buyers. Watsa resigned from the BlackBerry board on Monday due to potential conflicts of interest.
If Heins were to be removed from his job at BlackBerry without a change of control, he would receive a package valued at USD 22 million, including USD 5.8 million in compensation for his salary and bonus, USD 72,000 in benefits and retirement savings and USD 16.1 million in equity awards.


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