Nicks bonuses etc has been a point of conjecture on these threads for quite a few months. To clear it up once and for all, from the Ann;
- Remuneration: Annual Salary was set at $350,000 (excluding superannuation).
- Other Fees: A sign‐on bonus of $150,000 was paid to Mr Fitzgerald on the 10 February 2016 on the
completion of the acquisition of TV2UWW. In addition to the sign‐on bonus, Mr Fitzgerald is entitled to a performance bonus of $150,000 for each deal signed by TV2U Singapore during the term of engagement where the forecast revenue in the 12 months after commercial launch of the deal is not less than $5,000,000.
Furthermore the outcome from the shortfall of options will be voted on at the AGM (I don't know when this is).
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- Ann: Annual Report to shareholders-TV2.AX
Ann: Annual Report to shareholders-TV2.AX, page-33
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