Anyone spoken to PLS recently ??, page-5

Lets not forget Ken is now out of the money

In accordance with Listing Rule 3.16.4, key terms of the proposed employment contract are:-
 Total fixed remuneration of $350,000 per annum inclusive of statutory superannuation levy,
subject to annual review;
 Participation in a Director and Employee Share plan to be established by the Company, which
will provide for the issue of up to 15,000,000 unlisted options in the Company with a strike
price of $0.40, subject to performance milestones and terms and conditions to be determined;
and,
 Termination within the first twelve months of employment to be three months’ notice by
either party and thereafter, four months’ notice by the employee and twelve months’ notice
or payment in lieu of notice by the employer.