Directors’ Report
5.4 KMP Service Agreements
5.4.1 Executive KMP Service Agreements
The following outlines current executive KMP service agreements:
Notice period by either the employee or the Company
Executives N Gooderick
Term
Other
Ongoing 12 months notice
In the case of redundancy, a severance payment of 13 weeks' base salary (or any greater payment required under the National Employment Standards ( NES )). For all terminations after the first 3 years of employment an additional 26 week payment is payable. In the case of redundancy, a severance payment of 13 weeks' base salary (or any greater payment required under the National Employment Standards ( NES )). In the case of redundancy, a severance payment of 13 weeks' base salary (or any greater payment required under the National Employment Standards ( NES )). In the case of redundancy, a severance payment of 13 weeks' base salary (or any greater payment required under the National Employment Standards ( NES )).
from the Company, 6 months notice from the employee
A Chiert
Ongoing 6 months notice
for the first 3 years of employment, 3 months notice after 3 years
C Blaxland-Walker
Ongoing 12 months
J Faglioni, N Kulikov, H Mourad
Ongoing 6 months notice
from the Company, 3 months notice from the employee
J Beaumont, C Reece Ongoing 13 weeks
Notice period by either the employee or the Company
Former Executives 1
Term
Other
S Swanson
Ongoing 12 months
In the case of redundancy, a severance payment of 13 weeks' base salary (or any greater payment required under the National Employment Standards ( NES )). In the case of redundancy, a severance payment of 13 weeks' base salary (or any greater payment required under the NES). In the case of redundancy, a severance payment of 13 weeks' base salary (or any greater payment required under the NES).
D Lowe
Ongoing 6 months
G Kerr
Ongoing 13 weeks
1 Ceased as KMP effective 30 June 2023. Employment continues in a different role. Any termination benefit paid where relevant from 1 July 2023 have been disclosed. *Note: Under the Corporations Act, broadly the Termination Benefit Limit is 12 months average Salary (over prior 3 years) unless shareholder approval is obtained.
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