Common use of Remuneration of Directors Clause in Contracts

Remuneration of Directors. Executive directors receive no extra remuneration for their service on the Board beyond their executive salary package. Executive directors' remuneration for their service on the Board will be disclosed as required. Remuneration of non-executive directors is determined in maximum aggregate by the shareholders, and is allocated by the Board on the recommendation of the Nomination and Remuneration Committee. The Nomination and Remuneration Committee will take independent advice with respect to directors' fees on an as needed basis. Directors' fees are paid on a gross fees basis (except GST where applicable). The Board may determine that a separate payment is made for attendance at Board committee meetings or for other attendances to Company or Board activities. Directors have the option of packaging their fees on the same basis as executives (eg superannuation, motor vehicles). Directors are not required to hold shares in the Company as part of their appointment. The reasonable expenses incurred by directors in discharging their obligations and performing their duties will be reimbursed by the Company, consistent with Company policies which are established from time to time. There is to be no plan to provide remuneration, reward or other benefits to non-executive directors on their cessation as a director.

Remuneration of Directors. Executive directors receive no extra remuneration for their service on the Board beyond their executive salary package. Executive directors' remuneration for their service on the Board will be disclosed as required. Remuneration of non-executive directors is determined in maximum aggregate by the shareholders, and is allocated by the Board on the recommendation of the Nomination and Remuneration Committee. The Nomination and Remuneration Committee will take independent advice with respect to directors' fees on an as needed basis. Directors' fees are paid on a gross fees basis (except GST where applicable). The Board may determine that a There is no separate payment is made for attendance at Board committee meetings or for other attendances to Company or Board activities. Directors have the option of packaging their fees on the same basis as executives (eg superannuation, motor vehicles). Directors are not required to hold shares in the Company as part of their appointment. The reasonable expenses incurred by directors in discharging their obligations and performing their duties will be reimbursed by the Company, consistent with Company policies which are established from time to time. There is to be no plan to provide remuneration, reward or other benefits to non-executive directors on their cessation as a director.