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Managing Director Executive Services Agreement
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January 7th, 2025 – TheNewswire - Vancouver, British Columbia - On 7 January 2025 Mithril Silver and Gold Limited (“the Company”) (ASX:MTH; TSXV:MSG) executed a new Executive Services Agreement with its Managing Director, John Skeet (Services Agreement). The key terms of the Services Agreement are set out below.
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Position |
Managing Director |
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Effective Date |
1 November 2024 |
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Term |
Indefinite |
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Base Salary |
$300,000 per year excluding statutory superannuation |
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Short Term Incentive |
Subject to conditions set by the Company, Mr. Skeet may be entitled to a short-term performance-based incentive payment |
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Long Term Incentive |
Subject to conditions set by the Company, Mr. Skeet may be entitled to a long-term performance-based incentive payment. |
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Company Termination Notice Period |
3 months |
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Employee Resignation Notice Period |
3 months |
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Other |
If a change of control occurs and, at any time during the 12-month period following such change of control Mr. Skeet resigns employment for good reason, Mr. Skeet shall be entitled to a payment equal to 3 months’ salary. |
This announcement has been approved for release by the Board of Directors.
-ENDS-
For further information contact:
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John Skeet Managing Director and CEO jskeet@mithrilresources.com.au +61 435 766 809 |
Mark Flynn Investor Relations mflynn@mithrilresources.com.au +61 416 068 733 |