Employment Contract of Directors and Senior Executives
The employment conditions of the managing director, chief executive officer and specified executives are formalised in contracts of employment. The employment contracts stipulate a range of one to six month resignation periods. The company may terminate an employment contract by providing written notice or making payment in lieu of notice with the periods ranging from six months to twelve months. Termination payments are generally not payable on resignation or dismissal for serious misconduct.
Options
At the date of this report, the un-issued ordinary shares of Aspermont Limited under option are as follows:
There were no options exercised during the year ended 30 June 2006.
The employment conditions of the managing director, chief executive officer and specified executives are formalised in contracts of employment. The employment contracts stipulate a range of one to six month resignation periods. The company may terminate an employment contract by providing written notice or making payment in lieu of notice with the periods ranging from six months to twelve months. Termination payments are generally not payable on resignation or dismissal for serious misconduct.
Options
At the date of this report, the un-issued ordinary shares of Aspermont Limited under option are as follows:
There were no options exercised during the year ended 30 June 2006.