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Howard's End

HOWARD’S END: Under the terms of Howard Stern's five-year, $500 million contract with Sirius Satellite Radio, he was entitled to annual stock grants if the company exceeded certain agreed-upon targets for subscribers, according to the suit. Sirius awarded 34.4 million shares to the on-air host and his agent on hiring, which was then valued at $225.8 million, representing 2.5% of the company’s stock. A year later, Sirius said it gave Stern an additional $84 million of stock, again for subscription targets that had been met. After that, neither Howard nor his agent was awarded any stock, though he insists his presence led to Sirius exceeding annual subscription goals. (3/23p)

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