By Jeff Labrecque
April 29, 2009 at 05:10 PM EDT

Jeffrey Katzenberg has re-upped with DreamWorks Animation thru 2013. Variety reports that the CEO has renewed his contract with the thriving studio behind recent hits Madagascar 2, Kung Fu Panda and Monsters vs. Aliens. Katzenberg will reportedly be paid $1 per year, with additional compensation in the form of stock incentives tightly linked to the company’s share price.

The studio is currently prepping a fourth Shrek film (2010), a Kung Fu Panda sequel (2011) and How to Train Your Dragon (2010).