Common use of Employee Remuneration Clause in Contracts

Employee Remuneration. A member of the Pushpay Group increases the remuneration of (including with regard to any superannuation, benefits, incentives or bonuses), or materially varies the terms of employment of, or terminates the employment of, any of its directors, Senior Managers (as defined in the NZX Listing Rules) or employees with a remuneration of over US$300,000 per annum, other than within the exceptions provided in clauses 9.2(e)(x) – (xxiv) or 9.3 or on the basis of retirement by rotation under the NZX Listing Rules.