Common use of Additional Salary Clause in Contracts

Additional Salary. (a) During the period that the Executive serves the Company under this Agreement, the Company will pay the Executive additional salary of up to eighty percent (80%) of the Base Salary as given in clause 5.2 and which may be increased from time to time payable by 15 November following the end of each financial year, the first payment being on a pro-rata basis in calendar year 2002. (b) The amount payable in respect of the 2002 financial year, if any, will be determined as follows: (A) up to 40 per cent of the amount will be payable on achievement of key performance indicators for Target Australia; Service Agreement (B) up to 40 per cent of the amount will be payable on the achievement of key performance indicators for the General Merchandise and Apparel Group; and (C) up to 20 per cent of the amount will be payable on the achievement of key performance indicators within Coles ▇▇▇▇ Ltd. (c) The amount payable in respect of the 2002 financial year will not be less than US $100,000. (d) The Company reserves the right, after consultation with the Executive, to vary the manner in which any amount payable under clause 5.3(b) may be determined for financial years after the 2002 financial year. (e) The Company will determine the key performance indicators for each financial year in or about July each year, in consultation with the Executive.

Additional Salary. (a) During the period that the Executive serves the Company under this Agreement, the Company will pay the Executive additional salary of up to eighty percent (80%) of the Base Salary as given in clause 5.2 and which may be increased from time to time payable by 15 November following the end of each financial year, the first payment being on a pro-rata basis in calendar year 2002. (b) The amount payable in respect of the 2002 financial year, if any, will be determined as follows: (A) up to 40 per cent of the amount will be payable on achievement of key performance indicators for Target Australia; Service Agreement; (B) up to 40 per cent of the amount will be payable on the achievement of key performance indicators for the General Merchandise and Apparel Group; and (C) up to 20 per cent of the amount will be payable on the achievement of key performance indicators within Coles ▇M▇▇▇ Ltd. (c) The amount payable in respect of the 2002 financial year will not be less than US $100,000. (d) The Company reserves the right, after consultation with the Executive, to vary the manner in which any amount payable under clause 5.3(b) may be determined for financial years after the 2002 financial year. (e) The Company will determine the key performance indicators for each financial year in or about July each year, in consultation with the Executive.