Former Intel CEO Pat Gelsinger is in line to receive millions of dollars in severance following his decision to step down from the struggling chipmaker, according to company filings.

Intel (NASDAQ: INTC) is set to begin a new phase of its history amid the sudden retirement of CEO Pat Gelsinger. Gelsinger spent most of his career at Intel. He helped to develop the i486 microprocessor in the 1980s,

Intel may have ousted CEO Pat Gelsinger, but he’s leaving the company with a significant payday. He’s set to receive 18 months of his base annual salary of $1.25 million, according to a filing with the Securities and Exchange Commission.