Sorry. Had meant to say something to that, but I went a bit off-track, it would seem. :-)
I would be surprised if he was given buy-in to the rights of the IP itself. Bungie would likely want to not give any one person rights to the IP in the event that something like this were to transpire. A lot of shops specifically put clauses in the contract stating things the explicitly exclude any actual rights of ownership. Putting the rights of the IP in a non-corporate entity could provide some interesting maneuvering in that person being able to take the IP with him/her, so I would imagine that at least Bungie's legal team would have seen this, too, and that the contract would be worded in such a way to prevent that.
That being said, I can only speculate if to he was owed some aspect of a royalty as part of his compensation package. Just generally speaking, the higher up the food chain someone is, the more negotiating power he/she will have in contract negotiations. Some of the clauses in those contracts are absolutely ridiculous, too. I've seen contracts that have told me that not only what I did on company time was the property of the company, but whatever I did on my own time, was too. (Needless to say, I never signed one where that clause remained intact.)
It is all guesswork, but considering what has happened, I would be very surprised if he is not getting at least some level of reimbursement for extended clauses in his contract.
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