The figure was revealed as part of a filing by Disney with the Securities and Exchange Commission on Oct. 2.
The growth incentive retention bonus would depend on Disney meeting cumulative operating income targets of at least $78.314 billion through the end of his contract that expires June 30, 2018. He would be paid that sum six months after he leaves the company. Disney’s fiscal year ends that year on Sept 29, 2018.
From 2009-2013, Disney generated $43.771 billion in operating income.
But the milestone Iger needs to reach could be attainable through the revival of the “Star Wars” franchise and its spin-offs at the worldwide box office, new movies from Marvel releases, upcoming films from Pixar and Walt Disney Animation Studios and the opening of a massive new theme park in Shanghai late next year.
According to Disney, Iger will continue to receive the same annual compensation package as he does now under his past deal with the studio. He earned $34.3 million in fiscal 2013. His base salary is $2.5 million, with the rest coming from performance bonuses.