Remuneration Report (Audited) (continued) 2022 Short-term benefits Post- employment benefits Long-term benefits Share- based payments Name Cash salary and fees $ Cash bonus $ Super- annuation $ Annual/Long service leave $ Options and Rights $ Total $ Performance related % Directors of Sunstone Metals Ltd: Mr G Ascough 90,000 – – – 124,000 214,000 57.9% Mr M Norris 316,000 60,200 31,600 34,084 372,566 814,450 55.5% Mr S Stroud 55,000 – – 124,000 179,000 69.3% Other key management personnel: Mr R Robinson 266,000 50,700 26,600 15,334 318,240 676,874 55.8% Mr G Leicht 256,200 48,800 25,620 10,634 318,240 659,494 56.6% Dr B Rohrlach 256,200 48,800 25,620 14,684 318,240 663,544 56.6% Total 1,239,400 208,500 109,440 74,736 1,575,286 3,207,362 Loans to key management personnel There were no loans or other transactions with Directors or other key management personnel and their related parties. C Executive Contractual Arrangements Remuneration for the CEO & Managing Director and Key Management Personnel are formalised in service agreements. Mr Malcolm Norris, CEO & Managing Director Base salary, exclusive of superannuation and other benefits, is $331,800, reviewed annually on 1 July of each year and was last increased on 1 July 2022. Four weeks annual leave and statutory long service leave is provided. The Executive Services Agreement stipulates Mr Norris or the Company may provide six (6) months written notice of termination. The agreement includes a provision for a termination payment equal to the maximum amount calculated in accordance with section 200F of the Corporations Act 2001 (Cth), subject to any restrictions or approvals under the Listing Rules and the Corporations Act. Other Key Management Contracts for other Key Management Personnel have no fixed duration and can be terminated by the employee by providing three (3) months written notice. The Company may terminate employment by providing three (3) months written notice or by payment of six (6) months salary in lieu of notice. Base salary for other Key Management Personnel are reviewed annually on 1 July of each year, with an increase last occurring on 1 July 2022. Four weeks annual leave and statutory long service leave is provided. Directors’ Report continued 24 Sunstone Metals Limited Annual Report 2023
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