Westgold Resources Limited Annual Report 2021

41 Westgold Resources Limited Annual Report 2021 7. EXECUTIVE EMPLOYMENT ARRANGEMENTS A summary of the key terms of employment agreements for executives in place at 30 June 2021 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 Executive Officer) 420,000 9.5% 3 months Per NES A Buckingham (Chief Operating Officer) 400,000 9.5% 3 months Per NES L Smith (Company Secretary & General Counsel) 250,000 9.5% 3 months Per NES – 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. – SH Heng appointed Chief Financial Officer 2 August 2021. – PG Cook resigned as Executive Chairman and was appointed as Non-Executive Chairman with effect from 1 August 2021. – WC Bramwell was appointed as an Executive Director on 1 August 2021.