EX-10.2
from 8-K
6 pages
Letter Deed Re Your Departure Arrangements Background A. You Were Employed by the Company Pursuant to a Maximum Term Contract Dated 20 December 2019 as Varied 24 December 2019. B. You and the Company Have Had Discussions Regarding the Ongoing Management of the Company. C. the Company Has Decided the Position of Chief Executive Officer Will Now Be Performed in the United States. D. You Have Declined to Relocate to the United States. E. Your Employment Will End by Redundancy. F. the Board of the Company’s Sole Shareholder, Mawson Infrastructure Group Inc, Has Resolved That It Is Proper for the Company to Enter Into This Deed With You, and That It Is in the Interests of the Company and the Wider Group of Which It Is a Part to Do So. Agreement This Deed Sets Out the Arrangements Regarding Your Departure. 1. Your Last Day Employed With the Company Will Be 22 May 2023 (End Date). 2. the Company Will Pay You Your Base Salary (Less Applicable Tax) Up to and Including 31 May 2023. 3. in the First Pay Run After the End Date, the Company Will Pay You (Less Applicable Tax): 1. a Payment of Any Accrued but Untaken Statutory Leave Up to and Including the End Date; 2. a Payment Equivalent to 12 Months of Your Base Salary in Lieu of Your Entire Notice Period and Redundancy Entitlements as Specified in Your Employment Agreement; and 3. a Cash Short Term Incentive for the 2023 Financial Year, in the Amount of $530,000
12/34/56