Leo Lithium Ltd. (AU:LLL) has released an update.
Leo Lithium Ltd. has approved a special incentive award for CEO Simon Hay in recognition of his efforts in finalizing a significant settlement and share sale, and to ensure his retention during a key operational transition. The award is conditional on shareholder approval and Hay achieving specific performance targets, including the successful transfer of operatorship to Ganfeng and meeting obligations under a services agreement. Additionally, Hay’s annual salary and short-term incentive package have been increased as part of his regular remuneration review.
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