Further to its announcement on 15 October 2015 and in accordance with Listing Rule 3.16.4, nearmap Ltd
(ASX:NEA) advises that the following material terms have been agreed with respect to Dr Newman’s appointment as Managing Director.
Dr Newman will receive an annual base salary of A$520,000, inclusive of statutory superannuation. In addition, he will be entitled to a discretionary bonus of up to 100% of annual base salary for the two year period to 30 June 2017, payable pro rata over his period in office on the achievement of performance criteria to be set by the Board.
For further information please download PDF attached:
