BRN 0.00% 18.0¢ brainchip holdings ltd

Taken from the 2018 Annual Report to shareholders:7. Executive...

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    Taken from the 2018 Annual Report to shareholders:

    7. Executive contractual arrangements
    Details for executive contractual arrangements for KMP are detailed below:
    Name Louis DiNardo
    Title Chief Executive Officer and Executive Director
    Term of agreement Open agreement with no fixed term
    Details Base fee of US$400,000 plus benefits under health and welfare benefit plans,
    practices, policies and programs provided by BrainChip Inc.
    Termination Terminated at any time with or without cause or notice by either himself or
    BrainChip Inc. Mr DiNardo is entitled to 12 months’ severance pay upon
    termination by BrainChip Inc. at any time without cause. The amount is
    payable over 12 months from the date of termination.
 
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