AllianceBernstein has re-upped CEO Peter S. Kraus’ contract for another five years, starting in January 2014, when his existing contract expires. Kraus was named to his current position in December 2008.

According to a firm statement, Kraus' new five-year agreement include a one-time grant of 2,722,052 AllianceBernstein Holding L.P. Units, which will vest ratably over the new five-year agreement term, but with all of the Units being delivered after the final vesting in December 2018. Kraus' annual salary remains at $275,000 with no cash bonus.

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