"Like many professional partnerships, Kleiner has an annual review process in place for its partners and employees.
The firm, in its legal responses to Pao's claims, has argued that she was a poor performer who's now claiming discrimination in an attempt to blame others.
The firm's statement Wednesday added that "the proposed terms" of her separation agreement "did not require Ms. Pao to waive any legal rights or claims, are generous, fair and intended to support Ms. Pao in a successful career transition."
Pao's Twitter profile has been changed. She now describes herself as a "Team builder, technology enabler and former investor at Kleiner Perkins."
"She is not off the payroll at this point," said Exelrod. "But she's fired in the sense that she can no longer do any work. She cannot attend any more meetings."
Pao behavior has done a great deal of harm to women in the High-Tech and Venture Capital community.