No golden parachute for Zynga's Pincus

FORTUNE -- Mark Pincus will not be receiving any special payout for stepping down as CEO of Zynga Inc. (ZNGA), the social gaming company he founded and ran until yesterday turning over the reins to former Microsoft (MSFT) executive Don Mattrick.

Pincus' employment contract stipulates that his equity vesting would accelerate if he lost his job due to a change in control (i.e., Zynga being acquired), but that isn't what happened here.

Moreover, Pincus does not have any salary or bonus continuation clauses in case of either voluntary or involuntary termination -- something featured in the contracts of several other Zynga executives (we don't yet have details of Mattrick's contract).

Of course, such continuations are largely irrelevant given that Pincus recently cut his annual salary to just $1 and said that he would not take either a cash bonus or equity award in 2013.

A Zynga spokeswoman confirms that Pincus will maintain that $1 comp plan in 2013 in his new role as chief product officer, and adds that there is no special compensation tied to his stepping down as CEO.

Pincus currently holds around a 7.5% ownership stake in Zynga, which closed trading today with a market cap of around $2.6 billion.No golden parachute for Zynga's Pincus

Shanghai Festival: 'The Major' and 'Reliance' Win at Golden Goblet Awards

HONG KONG – Yuri Bykov’s The Major and William Olsson’s Reliance have emerged as the top-ranked entries at the Shanghai International Film Festival’s Golden Goblets awards, each taking home three titles.

A dark tale about a Russian detective's spiraling into moral oblivion as he attempts to conceal a hit-and-run which led to the death of a passer-by, The Major – which premiered at the Critics’ Week at Cannes last month – was named Best Film, while Bykov himself secured the Best Director prize as well as an Artistic Achievement Award for his score for the film.

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Meanwhile, Reliance won a Jury Prize, with screenwriter Angus MacLachlan and cinematographer Vachan Sharma also netting prizes in their respective categories. Released a week before its international premiere in Shanghai, Olsson’s film revolves around the breakdown of a family after one of its members were subjected to a sexual assault at home.

Financed by mainland Chinese studio Bona Film Group, Dante Lam’s Unbeatable brought some cheers to the local crowd with its stars Nick Cheung and Crystal Lee winning the Best Actor and Actress titles. Cheung plays an ex-convict forced to make a living in illicit boxing matches, with Lee delivering a critically-acclaimed turn as the ten-year-old girl he’s trying to take care of.

The competition jury was chaired by Tom Hooper, who was joined in Shanghai this year by fellow directors Chris Kraus (Germany), Khosro Masoumi (Iran), Jiri Menzel (Czech Republic) and Ning Hao (mainland China), and also Chinese actress Yu Nan and French critic Michel Ciment.

The festival’s Asian New Talent Awards were already unveiled on Friday, with South Korean director Roh Doek’s Very Ordinary Couple winning the Best Feature prize. Singapore’s Wong Chen Hsi was named Best Director for his work Innocents, while mainland Chinese filmmaker Liu Juan took the Jury Prize for Singing When We Are Young.

The jury for this young-director showcase was led by mainland Chinese director Lu Chuan, and also comprised Indian festival programmer Aruna Vasudev, Korean director Choi Dong-hoon, US producer Gary Kurtz and French actress Laura Weissbacker.

The festival, which began on June 15 by bestowing Oliver Stone and Tsui Hark with honorary awards before screening Monsters University, concluded its nine-day run on Sunday with a screening of the U.S. heist caper Now You See Me.