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Re: GaryJPalys post# 28185

Sunday, 07/27/2014 12:52:58 PM

Sunday, July 27, 2014 12:52:58 PM

Post# of 34668
Gary- Page F-56 on NEWLS annual report, it is page 226/331 on my adobe reader is the CEO pay agreement. (All amounts expressed in thousands of U.S. dollars except share and per share amounts)

So looks like his salary is a mere 1.5 million for 2013-2018 paid in advance LOL... Up to a 4.5 million in bonuses a year, and this little tidbit....Michail Zolotas is terminated without “cause” or resigns for “good
reason” (each as defined in the employment agreement), he will be entitled to a cash payment equal to (i) twenty times his then-current base salary and (ii)
twenty times his annual bonus for the prior year within 30 days following the effectiveness of the termination
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