2012 annual report - TLA Worldwide

28 TLA Worldwide PLCThe performance requirements for the ability to earn a bonus are set by the committee annuallyand are quantitative related.Share incentiveThe committee believes that the award of shares aligns the interest of participants and theshareholders. An LTIP for Messrs. Campbell, Mighty and Principe is currently being put into place.Unaudited director remunerationThe total amount of the directors’ of the Company for the year ended 31 December 2012 isshown below:2012 2011Aggregate emoluments $874,000 $53,000The emoluments of the directors are shown below:Executive directors2012 fees and salary($000)2012 benefit in kind($000) 2012 Total 2011* TotalMichael Principe 300 2 302 20Greg Genske 300 38 338 21Gareth Jones** 8 1 9 n/a608 41 649 41Non-executive directorsBart Campbell 73 – 73 4Keith Sadler 64 – 64 4Andrew Wilson*** 51 – 51 n/aAndrew Pearson**** 24 – 24 n/aPeter Moore† 13 – 13 4Aggregate emoluments 833 41 874 53* 2011 represents a 23-day period** Appointed 29 November 2012*** Appointed 14 March 2012**** Appointed 1 June 2012† Resigned 14 March 2012Directors’ service agreement and letters of appointmentContract for services are negotiated on an individual basis as part of the overall remunerationpackage. Details are set out below:Date of contract Period Company with whom contractedMichael Principe 8 December 2011 5 years The Legacy Agency Inc.Greg Genske 8 December 2011 5 years The Legacy Agency Inc.Gareth Jones 19 March 2012 Notice period of up to 3 months The Legacy Agency Inc.In the event of termination of a contract, each director is entitled to compensation equal to his orher basic salary and bonus for their notice period.