Virgin Media CEO Neil Berkett, who is overseeing his company’s buyout by Liberty Global, will walk away with $86.8 million when he leaves his post once the deal is completed.

Berkett will receive $19.6 million from cash and equity in severance pay, Liberty Global said yesterday. Other options and rewards from his long-term incentive plan amount to $67.2 million, according to Lulu Bridges, a Virgin Media spokeswoman.