"Mr Kraemer will be paid a base salary of $242,000 (including Board Fees) plus statutory superannuation of 9%. Mr Kraemer will also be entitled to performance related remuneration as follows; an 8% rise in base salary if the price of Mantle shares trade above 20 cents per share on the ASX (on a 10 day VWAP basis) by 30 June 2013, 4 separate bonus payments of up to $40,000 each should he meet a challenging set of KPI’s during calendar year 2013, an immediate grant of 3 million options to acquire Mantle shares (ASX: MNMOA) subject to shareholder approval, and a further grant of 3 million options on or about January 2014 with a strike price and vesting criteria to be agreed in due course."
