Disgusting!!!
The remuneration provisions of Mr Jubber’s employment contract as it applied for 2011/12 provided for the
following:
Annual Salary
Following completion of the Board-approved DFS on the Etango Project, Mr Jubber’s annual salary
increased from A$400,000 per annum to A$462,500 per annum (rate set in 2008), inclusive of 9%
superannuation, effective 10 April 2012. This amount will increase to A$525,000 upon attainment of
development finance for the Etango Project. No short term incentive is payable.
Share-Based Payments
Mr Jubber’s employment contract provided for the grant of 5,500,000 options, subject to shareholder
approval, which was obtained in April 2009. The options, which are subject to performance hurdles, will
lapse if Mr Jubber leaves the employment of the Group and immediately vest in the event of a change of
control.
Disgusting!!!The remuneration provisions of Mr Jubber’s...
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