PET 0.00% 2.5¢ phoslock environmental technologies limited

Questions for the AGM, page-4

  1. 28,122 Posts.
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    Yes Q1. will do just fine

    Another question relating to Lachlan's incentives

    Short Term Incentive: 30% Base Salary (maximum) pa subject to
    achieving a range of KPI’s determined by the PET Board.
    Long Term Incentive:
    1,500,000 Performance Options
    Exercise Price - $1.25 per option (convert into one share)
    Vesting Date – 31 December 2021
    Expiry Date – 31 December 2022
    Vesting Conditions – PET Sales for FY2020 and FY2021 > $120 million

    Due to COVID19, was anything written into this agreement with Lachlan or is there room for changes to his incentives because of natural disasters, sky falling in etc etc
 
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