Taken from the 2018 Annual Report to shareholders:
7. Executive contractual arrangements
Details for executive contractual arrangements for KMP are detailed below:
Name Louis DiNardo
Title Chief Executive Officer and Executive Director
Term of agreement Open agreement with no fixed term
Details Base fee of US$400,000 plus benefits under health and welfare benefit plans,
practices, policies and programs provided by BrainChip Inc.
Termination Terminated at any time with or without cause or notice by either himself or
BrainChip Inc. Mr DiNardo is entitled to 12 months’ severance pay upon
termination by BrainChip Inc. at any time without cause. The amount is
payable over 12 months from the date of termination.
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