Aeris Annual Report 2022

Details of the short-term incentive cash bonuses awarded
as remuneration following the end of the financial
year to KMP are set out below (amounts paid during
the reporting period in relation to FY2021 performance are
disclosed in the KMP remuneration table on page 70):
EXECUTIVE KMP TOTAL STIP GRANTED 1 ENTITLEMENT GRANTED
MAXIMUM
% OF MAXIMUM
ENTITLEMENT FORFEITED
$ % $
Andre Labuschagne 236,480 64% 36%
Robert Brainsbury 152,320 64% 36%
Ian Sheppard 169,600 64% 36%
Kim Franks 128,000 64% 36%
Note STIP disclosed is exclusive of superannuation. Where superannuation caps have been exceeded the superannuation on STIP was paid a cash allowance.
EMPLOYMENT AGREEMENTS
The major provisions of the contracts of the Directors
and KMP are set out below.
NON-EXECUTIVE DIRECTORS
Non-executive Directors are retained by way
of a Letter of Appointment. The Letter of Appointment
does not contemplate a fixed term for directors’
appointments. Non-executive Directors are
not eligible for termination payments.
EXECUTIVE DIRECTORS
Remuneration and other terms of employment
of the Executive Director and other KMP are
formalised in common law employment contracts
in the form of a letter of appointment.
In determining remuneration for KMP, the Company
takes into account the responsibilities of the role and
relevant industry data for attracting persons of the calibre
and experience of the person in question. Fixed
pay is reviewed annually, with such review taking
into account a range of factors including performance
and experience of the individual and Company
performance. The Executive Director is eligible
to participate in the Company STI and LTI plans.
INCUMBENT & POSITION
TFR*
CONTRACT
DURATION NOTICE PERIOD TERMINATION PROVISIONS
Andre Labuschagne,
Executive Chairman
Robert Brainsbury, Chief Financial
Officer and Co-Company Secretary
Ian Sheppard,
Chief Operating Officer
Fixed 1 $785,400
Other 2 $11,060 No fixed term 3 months
Fixed 1 $504,900
Other 2 $11,547 No fixed term 3 months
Fixed 1 $561,000
Other 2 $17,563 No fixed term 3 months
Additional 9 months
payment of annual
base salary
Additional 6 months
payment of annual
base salary
Additional 6 months
payment of annual
base salary
AERIS ANNUAL REPORT 2022
Kim Franks,
Chief People Officer
*TFR as set for the financial year 30 June 2022
1. Fixed includes the base salary and superannuation at 10%.
Fixed 1 $423,500
Other 2 $2,356 No fixed term 3 months
2. Other relates to death, TPD and salary continuance insurance paid by the Company on behalf of the KMP.
At the option of the employee this benefit is able to be reimbursed via an insurance allowance.
Additional 6 months
payment of annual
base salary
68