How's this for a little sweetener:
Mr Shalders will be will offered 15 million options expiring 5 years from commencement date and vesting 3 years from commencement
On top of getting paid to administer the company in an extended C&M phase, he will become a top 20 holder if he exercises the options at some point in the next 5 years. Given the sad state of the current SP the strike price for these options will be on average around 1 cent. There is zero downside for him with huge upside if the Nickel Price exceeds current expectations.
Ironic too that he starts his new job on April 1st - it's a public holiday, so old mate will start his tenure with a day off!
LJ - a Jewel in the Crown, page-82
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