SBN 0.00% 0.0¢ sun biomedical limited

somebody is interested, page-19

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    I Found this in the 2008 annual report..JK is certainly looked after, what about his bonuses?????
    5. Mr Kerins was appointed as the Chief Executive Officer of SBL on 22 February 2008. From 27 September
    2007, he was the Chief Operating Officer of SBL. He is paid an annual salary of USD 180,000 and is also
    entitled to receive an incentive bonus. The incentive bonus will be paid at the end of each calendar year in
    arrears (prorated for any partial year) subject to meeting the performance milestones as determined by the Board.
    In 2008, Mr Kerins’ was paid a bonus of $21,356 which has been included in the total salary disclosed. These
    performance milestones include achievement of sales targets, achievement if gross margin targets, maintenance
    of ISO certification, maintenance of FDA accreditation, retention of key members of staff, introduction and
    commercialization of new products. The maximum total incentive bonus payout is 150% of annual salary. In
    addition, Mr Kerins has been issued with an options package which was approved by the Board on 20 June 2008.
 
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