OK I'll bite again, whilst shaking my head vigorously .. .. .. ..
Some examples for you of what really happens with ASX listed Companies
Contract Termination Clauses
Chris Evans ~ Company - 6 months, of which 3 must be paid in lieu, Evans 3 months (Company's election, 3 months FTR in lieu)
++ Evans agreed to step down as there was no need for a MD when the Company shifted focus to Gold, paid 4 months FTR
++ Fun fact, Cowden was paid an extra $1,000 / day
Michael Anderson ~ termination by either party 6 months
++ by mutual agreement, Anderson left his position immediately ~ paid 6 months in lieu FTR
Scott Lowe ~ Lowe 3 months, Company 6 months
~ 21 July 2023, termination agreement effective 31 August 2023
+ worked 5 weeks of notice period, the remaining was paid in lieu
The question of have they already tendered their resignations but not officially accepted?
FOCLMAO = Fell of cjair laughing my a*** off - love it!
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