"Exercise and lapse of Share Rights Mr Cottee must still be in the employment of the Company as at the
applicable vesting date, unless there is a 'change in control event' or 'uncontrollable event' (being death, permanent disablement, retirement, redundancy or such other circumstances which the Board
determines is an 'uncontrollable event'), otherwise the unvested Share Rights will not vest and as such will be forfeited."
So the possible "retirement" of Mr Cottee is an 'uncontrollable event'.
Really ? I would have thought that a person choosing to retire is "very controllable"
A decision to retire or not must be with the person choosing to retire, that is a deliberate choice and therefore not an 'uncontrollable event'.
Remarkable absolutely remarkable. BUT nothing surprises me any more where this board of directors is concerned.
CB
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Ann: Notice of Annual General Meeting/Proxy Form, page-4
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