Service contracts

Each of the executives has a service contract with a Group company.

It is the Group's policy that executives' service contracts have no fixed term but are capable of termination giving no less than 12 months' notice. Notice periods for executives are as follows:

Notice periods

Name Date of Agreement Notice period Remaining service period if less than 12 months
Executive directors
Leigh Clifford 30 Mar 2005 12 months 7 months
Guy Elliott 19 Jun 2002 12 months N/A
Tom Albanese 10 Apr 2006 12 months N/A
Product group chief executives
Preston Chiaro 30 Sep 2003 12 months N/A
Oscar Groeneveld 1 Oct 2004 12 months N/A
Bret Clayton 1 Jun 2006 12 months N/A
Keith Johnson 12 Mar 2004 12 months N/A
Andrew Mackenzie 4 May 2004 12 months N/A
Sam Walsh 3 Aug 2004 12 months N/A

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