39 Westgold Resources Limited Annual Report 2022 7. EXECUTIVE EMPLOYMENT ARRANGEMENTS A summary of the key terms of employment agreements for executives in place at 30 June 2022 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 WC Bramwell (Managing Director) 500,000 10% 3 months Per Nes SH Heng (Chief Financial Officer) 300,000 10% 3 months Per NES PWWilding (A/Chief Operating Officer) 420,000 10% 3 months Per NES L Smith (Company Secretary & General Counsel) 275,000 10% 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. – WC Bramwell resigned as Non-Executive Director on 31 July 2021 and was appointed as an Executive Director on 1 August 2021. – WC Bramwell resigned as Executive Director on 23 May 2022 and was appointed as Managing Director on 24 May 2022. – SH Heng appointed as Chief Financial Officer on 2 August 2021. – PWWilding was appointed as A/Chief Operating Officer on 24 May 2022.
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