LINC ENERGY LTD // 2009 ANNUAL REPORT

06 DIRECTORS’
REPORT CONTINUED
REMUNERATION REPORT (audited) continued
B. Key management personnel
The following table sets out the persons who were either Directors, key management personnel or one
of the five highest remunerated executives of the Group for the financial year.
Name Position Employment period
2009
B. Johnson Chairman Full year
P. Bond Managing Director Full year
K. Dark Non-Executive Director Full year
B. Bertolo Chief Financial Officer Ceased 21 Apr 2009
R. Stratford Chief Financial Officer Commenced 20 Apr 2009
S. Dumble Chief Operating Officer Full year
J. Peters General Manager
Government and
Business Development
Full year
C. Ricato General Counsel
and Company Secretary
Full year
K. Terblanche General Manager Gas to Liquids Commenced 17 Dec 2008
2008
B. Johnson Chairman Full year
P. Bond Managing Director Full year
K. Dark Non-Executive Director Full year
B. Bertolo Chief Financial Officer Commenced 17 Dec 2007
S. Dumble Chief Operating Officer Commenced 04 Feb 2008
J. Peters General Manager
Government and
Business Development
Full year
C. Ricato General Counsel
and Company Secretary
Commenced 12 Mar 2008
D. Schofield General Manager Underground
Coal Gasification
Commenced 19 Nov 2007
J. van de Velde Manager Investor Relations
and Corporate Communications
Full year
C. Service agreements
Remuneration and other terms of employment for the Directors and the other key management personnel are formalised in
service agreements.
The major provisions of these agreements, including termination provisions are set out below:
Name Duration Conditions Termination
B. Johnson Two year
contract.
P. Bond Three year
contract.
K. Dark Two year
contract.
B. Bertolo Full time
employment.
R. Stratford Three year
contract.
S. Dumble Three year
contract.
J. Peters Full time
employment.
C. Ricato Three year
contract.
K. Terblanche Full time
employment.
Director’s Fees of $50,000 per annum as
fixed by shareholders in general meeting.
Eligibility to participate in the Company’s
Employee Option plan.
Base salary, inclusive of superannuation
of $250,000 to be reviewed annually
by the Board.
Director’s Fees of $40,000 per annum plus
9% superannuation as fixed by shareholders
in general meeting. Eligibility to participate
in the Company’s Employee Option plan.
Base salary, exclusive of superannuation
of $280,000 plus 9% superannuation to
be reviewed on a periodic basis. Eligibility
to participate in the Company’s Employee
Option plan.
Base salary, exclusive of superannuation
of $260,000 plus 9% superannuation to
be reviewed on a periodic basis. Eligibility
to participate in the Company’s Employee
Option plan.
Base salary, exclusive of superannuation
of $305,000 plus 9% superannuation to
be reviewed on a periodic basis. Eligibility
to participate in the Company’s Employee
Option plan.
Base salary, exclusive of superannuation
of $240,000 plus 9% superannuation to
be reviewed on a periodic basis. Eligibility
to participate in the Company’s Employee
Option plan.
Base salary, exclusive of superannuation
of $260,000 plus 9% superannuation to
be reviewed on a periodic basis. Eligibility
to participate in the Company’s Employee
Option plan.
Base salary, exclusive of superannuation
of $257,000 plus 9% superannuation to
be reviewed on a periodic basis. Eligibility
to participate in the Company’s Employee
Option plan.
Not eligible for any termination
benefit.
Termination payment equivalent
to six months’ remuneration.
Not eligible for any
termination benefit.
Maximum equivalent
to nine months’ salary.
Maximum equivalent
to six months’ salary.
Maximum equivalent
to six months’ salary.
Not eligible for any termination
benefit.
Maximum payment equivalent
to six months’ salary.
Not eligible for any termination
benefit.
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