Playboy Enterprises (NYSE: PLA) released an SEC filing highlighting Christie Hefner’s severance package. Hefner stepped down as CEO of the beleaguered adult media company in December 2008 after 20 years:

SEE ALSO: Playboy Warns Of Q4 Loss And $100 Million In Write-downs; Unspecified Number Of Jobs To Be Cut

—$2 million severance payment.
—One-time grant of 30,000 shares of non-voting stock.
—12 month non-compete agreement.

Playboy is searching for a new CEO; Jerome Kern, a consultant and former head of On Command Corp., is the interim CEO.

Staci adds: This is fairly small given Hefner’s time with the company and earlier published terms about severance. She was eligible for a $2.2 million voluntary severance in 2007 based on vested amounts of deferred compensation plus accrued and unpaid vacation—and for more than $7.5 million in the event of a change of control.