Earlier this week Apple announced that it was promoting Eddy Cue to Senior Vice President of Internet Software and Services, a move that appears to be placing Cue in charge of the new iCloud and the flagging iAd products. Now, Cue has been given a 1000,000 restricted stock unit bonus worth $37.4 million at today’s stock values, reports Macrumors.

The shares of stock are not vested immediately, instead, half will vest in 2013 and half in 2015, as long as Cue continues to work for Apple.