ATTACHMENT A:
SUMMARY OF KEY TERMS AND CONDITION
S OF CEO CONTRACT
As Executive Director and Chief Executive Officer, Ms Lacaze is entitled to the
following:
1.
Base salary(inclusive of super annuation)of $1,200,000.
2.
Sign on bonus of performance rights to the value of $100,000. These
performance rights will have a vesting period of 12 months, and no other vesting conditions.*
3.
A performance bonus of up to $600,000 payable in the first year only, subject to completion of agreed mileston es. Any performance bonus will be paid in up to three instalments of $200,000 (split between $100,000 in cash and $100,000 in performance rights). All performance rights will be subject to vesting conditions requiring Ms Lacaze to be continuously employed
by Lynas for at least 12 months after the allocation date.*
4.
STI entitlement of up to $600,000, comprising cash STI entitlement of $300,000 and deferred STI entitlement of up to $300,000 in equity. Deferred STI vests in two equal portions, one 12 months after allocation and one 24 months after
allocation.*
5.
LTI entitlement of up to $600,000 in equity.
www.asx.com.au/asxpdf/20140625/pdf/42qfltg579hcqy.pdf