$1 Party, page-73

safe to say the CEO will not be getting any short term or long term incentives... from memory he needs to get the SP back to around $6 in 2 years (3 years from when he signed on, which since the share price has dropped more than 50%) to get his big pay day... ain't going to happen. To think things were looking promising there for about 2 weeks on May... now we have the Nasdaq crapping itself... the perfect storm continues.

STI - Target STI of 100% of Base Salary, with a stretch opportunity of 150% of Base Salary in the 2023 financial year. The 2023 STI will be subject to the achievement of financial and non-financial performance measures, including revenue, earnings before interest, taxes, depreciation, and amortisation (“EBITDA”), customer net promoter score and employee engagement metrics. STI outcome is delivered 75% in cash and 25% in deferred equity, which vests over 12 months subject to continued service.

LTI - One-off LTI equity grant valued at US$5,000,000, which vests over a three-year performance period subject to the Company’s absolute total shareholder return (“Absolute TSR”) performance.The 2023 LTI will commence vesting at threshold performance (50%) when the Company’s Absolute TSR is equal to or greater than 190%, with full vesting at target performance when Absolute TSR is equal to or greater than 320% at the end of the performance period. The 2023 LTI will vest on a straight-line basis between threshold and target performance. Mr. Ahmad will not be eligible for further LTI grants until after 31 December 2025 (being the end of the three-year performance period for the 2023 LTI).