Short Term Incentive: Mr McAdam will be entitled to a once off payment of $200,000 plus GST in the event the Company has a binding agreement approved by the Company’s shareholders for an infrastructure solution for the PIOP before 31 December 2019.
A binding agreement, is this mean any binding agreement? What happen if Todd(53% shareholders ) just approve it?
Can someone elaborate this for me in simple way?
FMS - "The Foundation Customer", page-287
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