Palm's software and services chief Michael Abbott will leave the company next week, as rumours continue to circle that the troubled handset manufacturer is about to be sold.
A filing with the US Securities and Exchange Commission on Friday revealed that Abbott will leave the company by 23 April.
"Palm is implementing a retention programme for certain key employees, including executive officers," the filing said.
"The programme includes equity awards and cash bonuses to be earned over a two-year period, provided that the individuals remain as employees of the company."
Jeffrey Devine, senior vice president of global operations, and Douglas Jeffries, chief financial officer, each received a cash bonus of $250,000 (£163,000) under the programme.
The news comes as rumours spread this week that Palm could soon be up for sale. The firm refused to comment on what it said was " market speculation", but a Bloomberg report citing three people familiar with the matter claimed that the company could be sold to Taiwan's HTC or China's Lenovo.
The company disappointed analysts last month when it released its third-quarter results, reporting a net loss of $22m (£14.5m).
Palm provides products for consumers and businesses including the Pre, Treo and Centro smartphones, as well as software, services and accessories.
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