Severe Financial Hardship Definition | Law Insider (2024)

Severe Financial Hardship

means that the Optionholder is unable to provide themselves, their family or other dependents with basic necessities such as food, accommodation and clothing, including as a result of family tragedy, financial misfortune, serious illness, impacts of natural disaster and other serious or difficult circ*mstances.SCHEDULE 2 – ISSUES OF EQUITY SECURITIES SINCE 25 OCTOBER 2016 DateQuantityClassRecipientsIssue price and discount to Market Price (if applicable)1Form of considerationIssue – 21/12/2016Appendix 3B –21/12/20163,925,000(1,750,000options cancelled upon resignation of employee on 31 January 2017)Unquoted Options2Employees of the Company pursuant to the Incentive Option Plan-Non-cash Consideration: Performance based remuneration for services provided to the CompanyCurrent value7 = $42,705 (for the remaining 2,175,000 options)Issue – 21/12/2016Appendix 3B –21/12/20166,825,000Unquoted Options3Employees who are Eligible Participants (under the terms of Schedule 1 of this Notice)-Non-cashConsideration: Performance based remuneration for services provided to the CompanyCurrent value7= $103,646Issue – 03/03/2017Appendix 3B –07/03/2017538,555Shares4Sensape GmbH-Non-cash Consideration: Consideration for services providedCurrent value7 = $29,620Issue – 03/03/2017Appendix 3B –07/03/201710,000,000Performance Rights5Vlado Bosanac issued pursuant to the Incentive Performance Rights Plan-Non-cashConsideration: Performance based remuneration for services provided to the CompanyCurrent value8 = $550,000 if based on non-market criteria or $210,000 if based on vesting per VWAPIssue – 03/03/2017Appendix 3B –07/03/20172,500,000(1,000,000expired on 30September 2017)Performance Rights6Terence Stupple (under the Incentive Performance Rights Plan)-Non-cashConsideration: Performance based remuneration for services provided to the CompanyCurrent value7 = $82,500 for 1,500,000 Performance Rights ($55,000 worth of Performance Rights expired) Notes:

Severe Financial Hardship Definition | Law Insider (2024)
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