The government has provided AIG with a bailout package worth up to $182.5 billion in exchange for an 80 per cent stake in the company. The package includes restrictions on compensation for the insurer's 100 highest-paid employees.

AIG said it would now pay chief financial officer David Herzog a $350,000 annual salary, pro-rated for the period from November 1 to December 31. That's down from the $675,000 annual salary he earned in 2008.

He will also get $3.1 million in stock and is also eligible to receive $833,333 in restricted stock if he meets certain performance goals.

None of the three executives were given stock grants in 2008, according to a June filing with the U.S. Securities and Exchange Commission.

Kristian P. Moor - who was named CEO of the company's spun-off property casualty and general insurance business Chartis in July - will be paid $450,000 in annual salary pro-rated for November 1 to December 31. That is down from the $959,615 in salary he earned in 2008.

Moor will also get $4.7 million in stock and potentially another $2 million in performance-based restricted stock.

Win J. Neuger, chief executive of AIG Investments, will receive $425,000 in annual salary pro-rated for the period. In 2008, as AIG's chief investment officer - a position he relinquished in January of this year - he was paid a $1 million salary. Neuger is ineligible for stock awards because he will leave AIG after the sale of its asset-management business.