executive employment contract

SO WE ARE PAYING KR $215,000 PA ......Well the good news is
A he didnt back out at the last minute.

B Inl say they have enough of our money to pay him for a 3 years & 6 months termination if required .

c Inl say we wont go broke for the next 3 years

Amazing what you can pull from such detailed announcements

All good news really ... LOL


???

Mr Kieran Rodgers was appointed Managing Director of Intec Ltd (ASX: INL) on 6 February 2012 and has
now agreed with the Company the terms of an Executive Employment Contract (the Contract) with effect
from 1 March 2012. The key terms of the Contract are as follows:
• Term: Three (3) years;
• Annual salary: $215,000;
• Termination Compensation: Six (6) months;
• Notice Period: Six (6) months; and
• Eligibility to participate in the Intec Option Plan on terms approved by the Board of Directors.