With the merger between Westwood and Dial Global completed, the former Westwood One CEO and former SVP of Network Sales are both leaving. In a filing with the Securities and Exchange Commission, Rod Sherwood is out, but not empty-handed. The former Westwood President/CEO will receive his $600,000 base salary along with benefits for the next 12 months, plus equity compensation that vested when he was cut loose. Chessare will also receive his base salary, $380,000, to be paid over six months, as well as health benefits.