Smithfield Foods Chief Executive Larry Pope could receive nearly $46.6 million in merger-related payments as part of a planned takeover by China's Shuanghui International, a securities filing showed.
As per a filing made with the U.S. Securities and Exchange Commission late on Tuesday, Pope would be eligible to receive about $28 million in cash and $18.6 million in equity.
Robert Manly, Smithfield's chief financial officer, would also be eligible to receive about $22.8 million in potential merger-related payments, the filing showed.
The money does not include the value of benefits which the executives already have a vested right to receive without regard to the buyout deal, the company said.
(Read More: Activist Investor Urges Break-Up of Smithfield Instead of Takeover)