Page 69 - Sundance Resources Ltd Annual Report 2013
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SUNDANCE RESOURCES LIMITED
ANNUAL REPORT 2013
67
Executive Service Agreements
Remuneration and other terms of employment for the Executives disclosed in this Remuneration Report are contained in contracts of employment or consultancy
agreements. The remuneration and other terms are reviewed at least annually and generally relate to a calendar year. As such the current terms are effective January
2013.
Executive
Date of Agree-
ment Com-
mencement
Term of
Agreement
Base salary/
fees and Su-
perannuation Others(i)
Variable
Remuneration
- STI
(% of Base
Salary)
(ii)
Variable
Remunera-
tion- LTI (% of
Base Salary)
(iii)
Notice of
Termination
required by
the Company
(other than
dismissal for
cause)
(iv)&(v)
Notice
required on
resignation of
Executive
Mr G Casello
Managing Director
& Chief Executive
Officer
08/11/2010
Ongoing
$682,500
Car parking
25%
-
12 months
3 months
Mr B Conrick
Company Secretary
21/12/2011
Ongoing
$272,500
N/A
20%
20%
3 months
3 months
Mr P De Nardi
General Manager -
Finance & Commercial
11/01/2010
Ongoing
$403,300
Car Parking
20%
40%
2 months
2 months
Ms N Gill
Business Services
Manager
1/02/2011
Ongoing
$354,250
N/A
20%
40%
1 month
1 month
Mr R Longley
General Manager -
Geology
31/01/2013
12 months
$450,000
Car Parking
20%
40%
8 weeks
8 weeks
Mr D Meehan
Chief Operating Officer /
Project Director
01/06/2011
3 years
$662,470
Accommo-
dation Home
leave flights
20%
40%
12 weeks
12 weeks
Mr T Sewell
HSECS Group Manager
01/9/2011
Ongoing
$419,650
Home leave
flights
20%
40%
8 weeks
8 weeks
(i) The value of benefits to the employee or consultant is determined by the market value of such benefit and is detailed further in Section 12.5
(ii) Entitlement to Short Term Incentive payment on termination is subject to the terms and conditions of the STI plan.
(iii) Entitlement to Performance Rights on termination is subject to the terms and conditions of the Performance Rights Plan.
(iv) Payment of any termination benefit to Mr Casello is to be made pursuant to section 200 of the Corporations Act 2001
(v) All agreements include provision to make payment in lieu of notice period if deemed appropriate.
directors’ report
(continued)
FOR THE YEAR ENDED 30 JUNE 2013
12. REMUNERATION REPORT OVERVIEW
(continued)
12.8 Key terms of employment/consulting contracts
