Page 64 - Sundance Resources Ltd Annual Report 2013

62 SUNDANCE RESOURCES LIMITED ANNUAL REPORT 2013
The NRC also reviewed the achievement of other Executives’ individual objectives.
Details of the payments are provided below:
2011 Calendar Year
(paid in Jan 2012)
Potential Variable
Remuneration
STI
(% of base salary)
Potential Incentive
Entitlement
$
Actual Payment
$
Incentive
Forfeited
$
Mr G Casello 25% 120,412 78,268 41,144
Mr P Canterbury* 20% 65,000 42,461 22,538
Mr B Conrick 20% 44,000 26,400 17,600
Mr P De Nardi 20% 64,348 42,856 21,492
Ms N Gill 20% 60,000 40,140 19,860
Mr R Longley 20% 80,000 54,720 25,280
Mr D Meehan(i) 20% 45,600 31,032 14,568
Mr T Sewell (i) 20% 23,760 16,099 7,661
i) Pro rata part year service
* Those so indicated elected to receive performance rights in respect of this entitlement.
12.7 Long Term Incentives and Share Based Payments
The following share based payments have been made to Executives during the 2013 financial year:
• Performance rights granted as part of the LTI plans, pursuant to the Performance Rights Plan (‘PRP’) and;
• Shares issued as a result of vesting of Performance rights, pursuant to the PRP.
12. REMUNERATION REPORT OVERVIEW (continued)
12.6 Short Term Incentive (‘STI’) Payments (continued)
2011 Calendar Year STI Payments (continued)
directors’ report (continued)
FOR THE YEAR ENDED 30 JUNE 2013
Long Term Incentive Plan Performance Conditions
The objectives and application of the Long Term Incentive plan is detailed in Section 12.4. The specified
Performance Conditions are detailed below