(Reuters) - Barnes & Noble Inc
The largest U.S. bookstore chain said Lynch will receive the same compensation and benefits as before, but get an additional cash bonus of $1.8 million for his role in attracting investments from Microsoft Corp
The agreement provides Barnes & Noble with the right to assign Lynch as chief executive of Nook, the company's e-reader and tablet business, if the company is separated.
Lynch would receive a cash retention bonus of $1.5 million in that case. (SEC filing: http://link.reuters.com/zur56t)
The company said in February that its Chairman Leonard Riggio planned to make an offer for the main bookstore business, but not its Nook and e-book business and its college bookstores.
Barnes & Noble said it would evaluate the sale of its retail business.
Barnes & Noble Inc reported a quarterly net loss in February, due to a sharp decline in sales in its Nook device and e-books business, as well as lower sales at its bookstores and college bookstore chain.
(Reporting by Vrinda Manocha in Bangalore; Editing by Lisa Shumaker)