VYSARN LIMITED — Board/Management Information 2013

Sep 12, 2013

ABN
41
124
212
175

==> picture [84 x 44] intentionally omitted <==

ASX
Release
–
13
September
2013

CEO
CONTRACT

Mr
Matthew
Keen,
the
newly
appointed
CEO,
has
been
employed
by
way
of
a
standard
contract of
employment
with
a
base
salary
of
$250,000
per
annum
plus
statutory
superannuation contributions,
standard
annual
leave
entitlements
and
the
provision
of
a
fully
paid
company vehicle
(Holden
Commodore
or
equivalent).

In
addition
to
the
base
salary,
the
CEO
will
have
an
opportunity
to
earn
a
bonus
commencing
on the
completion
of
a
qualifying
(probationary)
period
of
three
months.
The
bonus
is
a
Short
Term Incentive
(STI)
payable
in
accordance
with
the
bonus
criteria
to
be
determined
by
the
Board
on an
annual
basis.

The
maximum
annual
bonus
entitlement
for
the
first
year
is
20%
of
base
salary (inclusive
of
any
superannuation
payments
in
respect
of
it).

END

For
further
information
contact

Iain
Kirkwood,
Chairman
+61
(0)
408
473
496

Registered
Office:
80
Buckley
Grove,
Moolap,
VIC
3221
|
Tel:
03
5240
8999
|
Fax:
03
5248
3498
|
E:
info@mhmmetals.com
|
www.mhmmetals.com