EBOS GROUP LIMITED — Board/Management Information 2017

Dec 12, 2017

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13 December 2017

NZX/ASX Code: EBO

INCOMING CEO CONTRACT

In accordance with ASX Listing Rule 3.16.4, set out below is a summary of the material terms of Mr John Cullity’s employment agreement as incoming Chief Executive Officer.

Commencement Date	31 March 2018.
Term	No fixed term. Ongoing until terminated by either party (seebelow).
Salary	AUD$1,130,000 plus statutory superannuationcontributions.
Short term incentive	Up to AUD$750,000 per annum measured against agreedtarget objectives.
Termination by theCompany	The Company may terminate Mr Cullity’s employment:-by giving not less than 12 months’ notice;-immediately ‘for cause’, (e.g. breach of a materialterm of his contract or guilty of serious misconductor dishonesty); or-if his performance is unsatisfactory, subject to aprocess outlined in the contract.
Termination by Mr Cullity	Mr Cullity may terminate his employment by giving not lessthan 12 months’ notice.
Termination entitlements	Where EBOS terminates Mr Cullity’s employment and noticeis required, either EBOS or Mr Cullity may elect payment inlieu of that notice.If there is a material change to EBOS’ operations (including,but not limited to, de-listing or a change of control), MrCullity shall be given not less than 12 months’ notice and becompensated by 12 months’ salary and incentive (ifapplicable).
Post-employment restraint	An 18 month restraint applies.

EBOS Group Limited. NZBN 9429031998840 Level 7, 737 Bourke Street, Docklands, Victoria 3008, Australia. PO Box 7300, Melbourne, Victoria 8004, Australia. Phone: +61 3 9918 5555, Fax: +61 3 9918 5599. www.ebosgroup.com