Mr Giulio Casello earns $525,000 per annum from sundance and will be rewarded options on performance.
"Mr Casello will be entitled to participate in SDL?s Management Performance Rights Plan. Subject to receipt of taxation advice and SDL Shareholder approval, the Board of SDL has agreed to grant to Mr Casello (or nominee) the following initial allocation of Performance Rights: (a) 2,650,000 Performance Rights vesting 3 November 2011 (?Tranche 1 Performance Rights?) (b) 2,650,000 Performance Rights vesting 3 November 2012 (?Tranche 2 Performance Rights?), and (c) 2,650,000 Performance Rights vesting 3 November 2013 (?Tranche 3 Performance Rights?)."
Clearly its in his interests to do the best thing for the share price... also I dont know how that would personally affect him if sundance was taken over... would he even get these performance rights?
:) Unhinged
SDL Price at posting:
42.5¢ Sentiment: Hold Disclosure: Held