Burke Reups with Comcast

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Comcast Corp. chief operating officer Steve Burke signed a new employment agreement with the cable giant Tuesday, bumping up his annual salary to $2 million from $1.23 million in 2004, with a bonus of at least 300% of his base pay ($6 million) if performance targets are met.

According to the employment agreement, filed with the Securities and Exchange Commission Wednesday, Burke will also receive credit as part of the MSO’s deferred-compensation plan of $1.68 million in 2006, rising to $2.04 million in 2010.

According to the agreement, Burke did not receive a signing bonus, grant of stock options or restricted-stock units or other special one-time benefits for entering into the agreement.

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