Notice period 6 months by either party
Post-Employment Restraint 6 months
Base salary NZ$1.5 million pa
Short Term/Long Term Incentive Annual on target STI/LTI incentive of 50% of base salary, at the discretion of the Board
Share scheme 200,000 SKY shares to be provided for no consideration on the first four anniversaries of commencement of employment (total 800,000 shares). The shares will vest if the company exercises its no fault termination right or if there is a change of control and Mr Stewart is no longer CEO.
Post termination entitlements These include a mix of remuneration for a limited period, statutory entitlements and relocation costs which vary depending on how the appointment comes to an end.