Have you guys read the document in full? The benchmarks are based on 3 - 5 years & although they might seem high.... I'm not so sure I will be so upset if they hit the targets set & happy for them to get a windfall if & when they get there not to mention that I would assume a much higher than 85 mil SP in 5 years & happy if they get hit much, much earlier than expected.Class A Incentive Performance Right means a performance right to acquire a Share, expiring 3 years from issue which will convert into Shares on a 1 for 1 basis on the Company’s market capitalisation reaching $40,000,000, based on a VWAP of over 20 consecutive trading days (on which Shares have actually traded), to be issued on the terms set out at Schedule 1.
SP = 0.273 - $546,000 each if hitClass B Incentive Performance Right means a performance right to acquire a Share, expiring 4 years from issue which will convert into Shares on a 1 for 1 basis on the Company’s market capitalisation reaching $60,000,000, based on a VWAP of over 20 consecutive trading days (on which Shares have actually traded), to be issued on the terms set out at Schedule 2.
SP = 0.41 - $825,000 each if hitClass C Incentive Performance Right means a performance right to acquire a Share, expiring 5 years from issue which will convert into Shares on a 1 for 1 basis on the Company’s market capitalisation reaching $85,000,000, based on a VWAP of over 20 consecutive trading days (on which Shares have actually traded), to be issued on the terms set out at Schedule 3.
SP = 0.58 - $1,160,000 each if hit
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