The Heinz CEO, William Johnson, might get a $56 million golden parachute if he is fired by the new owners following the acquisition by Berkshire Hathaway and 3G Capital.

Berkshire announced last month of their purchase of the largest ketchup maker Heinz for $23.3 billion, according to a regulatory filing on Monday.

In the new deal Johnson is entitled to $56 million if he is forced to leave, however it remains unclear and depends on the completion of the deal. He can also make $40 million if he decides to walk away from the position.

"This compensation consists of equity that Mr. Johnson accumulated over his 30-year career with Heinz and existing equity awards and contractual rights that were in place well before the announcement of the proposed merger," Heinz spokesman Michael Mullen said.

 Mullen said Johnson's large payment reflects his success as the company's CEO over the past 15 years.

"The payments reflect Mr. Johnson's success in creating billions of dollars in shareholder value over his successful 15-year tenure as president and CEO," he told the Pittsburgh Post-Gazette.

However Johnson's severance package doesn't end there, he is also entitled to $99.7 million in vested stock and $57 million in deferred compensation benefits that he accrued over his 30-year career with Heinz.