Westgold Resources Limited Annual Report 2020

45 Westgold Resources Limited Annual Report 2020 7. EXECUTIVE EMPLOYMENT ARRANGEMENTS A summary of the key terms of employment agreements for executives is set out below. There is no fixed term for executive service agreements and all executives are entitled to participate in the Company’s STI and LTI plans. The Company may terminate employment agreements immediately for cause, in which the executive is not entitled to any payment other than the value of fixed remuneration and accrued leave entitlements up to the termination date. Name Base Salary $ Superannuation Notice Period Termination Payment PG Cook (Executive Chairman) 580,000 9.5% 3 months 6 months base salary DA Fullarton (Chief Financial Officer) 1 250,000 9.5% 3 months Per NES 3 JS Norregaard (Chief Executive Officer - MPL) 2 500,000 9.5% 3 months 6 months base salary A Buckingham (Chief Operating Officer) 400,000 9.5% 3 months Per NES 3 PM Storey (General Manager MGO) 300,000 9.5% 3 months Per NES 3 PW Wilding (General Manager CGO) 300,000 9.5% 3 months Per NES 3 DP Stuart (General Manager FGO) 2 300,000 9.5% 3 months Per NES 3 L Smith (Company Secretary & General Counsel) 250,000 9.5% 3 months Per NES 3 1. DA Fullarton was promoted to the position of Chief Executive Officer with effect from 1 July 2020. 2. JS Norregaard and DP Stuart departed on 14 August 2020. 3. NES are NES are National Employment Standards as defined in the Fair Work Act 2009 (Cth), which outline the minimum termination benefits based on years of service.