Wellcom_FY11-Financial-Report

17 wellcom group limited directors report other key

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Unformatted text preview: refrain from performing his duties for the duration of the notice period and provide payment in lieu of the notice period. The Company may terminate the contract without notice if serious misconduct has occurred. 17 Wellcom Group Limited Directors’ Report Other key management personnel All other key management personnel are employed under contract by Wellcom Group Limited or its wholly-owned subsidiaries. The current employment contracts are for indefinite terms. For personal use only • • • All executives receive fixed remuneration inclusive of superannuation and other benefits, including motor vehicle benefits. Either the executive or the Company may terminate their contracts with notice periods ranging from six (6) months to twelve (12) months. Where such notice is provided by either the executive or the Company, the Company may request the executive refrain from performing their duties for the duration of the notice period and provide payment in lieu of the notice period. The Company may terminate the contract without notice if serious misconduct has occurred. Management Incentive Scheme Details of the management incentive plan initiated by...
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This document was uploaded on 02/06/2014.

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