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Howard Hughes president signs on for 10 more years

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Howard Hughes president signs on for 10 more years

Howard Hughes Corp. President Grant Herlitz renewed his employment agreement for 10 years.

He also acquired for $2.0 million 87,951 warrants with a strike price of $117.01 and a six-year term at fair market value. Except under certain circumstances, the warrant cannot be sold or hedged for five years.