Incoming CEO Contract

EBOS Group Limited. NZBN 9429031998840
Level 7, 737 Bourke Street, Docklands, Victoria 3008, Australia. PO Box 7300, Melbourne, Victoria 8004, Australia.
Phone: +61 3 9918 5555, Fax: +61 3 9918 5599.
www.ebosgroup.com




13 December 2017

NZX/ASX Code: EBO

INCOMING CEO CONTRACT

In accordance with ASX Listing Rule 3.16.4, set out below is a summary of the material
terms of Mr John Cullity’s employment agreement as incoming Chief Executive Officer.

Commencement Date 31 March 2018.
Term No fixed term. Ongoing until terminated by either party (see
below).
Salary AUD$1,130,000 plus statutory superannuation
contributions.
Short term incentive Up to AUD$750,000 per annum measured against agreed
target objectives.
Termination by the
Company
The Company may terminate Mr Cullity’s employment:
- by giving not less than 12 months’ notice;
- immediately ‘for cause’, (e.g. breach of a material
term of his contract or guilty of serious misconduct
or dishonesty); or
- if his performance is unsatisfactory, subject to a
process outlined in the contract.
Termination by Mr Cullity Mr Cullity may terminate his employment by giving not less
than 12 months’ notice.
Termination entitlements Where EBOS terminates Mr Cullity’s employment and notice
is required, either EBOS or Mr Cullity may elect payment in
lieu of that notice.

If there is a material change to EBOS’ operations (including,
but not limited to, de-listing or a change of control), Mr
Cullity shall be given not less than 12 months’ notice and be
compensated by 12 months’ salary and incentive (if
applicable).
Post-employment restraint An 18 month restraint applies.