Takeover, page-27

I think he is talking about these unlisted options which were announced on 10th April 17

First option is worth $300k (vesting date is the date they can be exercised).
Second option is worth $600k.
900K over two years.

GC dropped cash salary to $165k but in effect the financial benefit to GC remains about the same, just
packaged a bit differently.
The big risk in taking this package is that the Shares may be worth Zero if things don't progress.
On the other hand it is good for Shareholders as it is in theory a performance based package. If the company performs SP goes up and there is a financial benefit to GC and all shareholders..