well, the notes that you referred to is about performance rights...

well, the notes that you referred to is about performance rights granted in 2017 and the one referred in the attached proxy form is different and NEW 8,00,000 (8 million) performance rights as indicated in clause 8.4 of the proxy form so ... You can't say they are same.... in my opinion.

Also clause 8.5 says they are given to motivate him (LOL ... ) ..... common .... it needs to be clear what is the motivation ... and how that motivation influence and work for the benefit of shareholder value creation in my opinion.

Just a note that even a performance right linked to NPAT of 1m won't move a dent in company's share price in my opinion if they have massive debt ... so everything needs to be balance no point giving NPAT target of 1m without giving debt target and EPS growth target ... hope you get my point... !
not sure what did management did good apart from buying business and increasing debt to increase revenue at a cost of significant underperformance of share price in my opinion.